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Detailed text transcripts for TV channel - FOXNEWS - 20110623:13:33:00

fix the nation. heather: thank you very much, congressman jordan, we appreciate you joining us and some of those ideas may be painful, but it has to be done. thank you. thank you. bill: then there s ten. ten candidates officially contending for the republican nomination, one of them with me now. former new mexico governor gary johnson. governor, good morning to you. good morning, bill. bill: we had bleak numbers on the job market last hour, we re looking for good news and trying to find the silver lining and frankly, it s tough. if you were to be the nominee, what s your plan for the economy? well, balance the budget, first and foremost. so gary johnson would submit a balanced budget for the year 2013, i would eliminate the federal corporate income tax, reestablish this country as the only place to grow business, nurture business, and then regarding our own taxes, eliminate the

Detailed text transcripts for TV channel - FOXNEWS - 20110623:13:35:00

how much, or by what percentage, did you cut taxes in your home state? well, i would argue, not nearly enough. when i talk about fair tax bill: [inaudible] i think $114 million. more significantly was the fact that i would have veto ed 750 pieces of legislation. i would have had thousands of line item vetoes that really gave certainty to business, and that it wasn t going to get worse, and because i ran state government, because i ran the agencies, there was really certainty that actually things were better. bill: i sthaw on your record, also saw you cut 1000 state jobs. why was that necessary? well, just managed attrition, that was all. the notion that government could be more efficient. and i think that cutting 1200 state jobs over an eight-year period, that had never happened before, i think that spoke volumes to state government employees doing a better job with fewer people.

Detailed text transcripts for TV channel - FOXNEWS - 20110623:13:34:00

income tax, eliminate the irs, replace it with a consumption-based fair tax, which by all reckoning from free market economists would actually be just that, fair, it would bill: you re cutting across the board when it comes to taxes, about every area. now, when you were governor of new mexico, did you cut taxes? you know, cut taxes, but not as significantly as i think they should have been cut. what i did provide in new mexico was certainty, and that s another component when it comes to the federal government. provide certainty to business. right now, we re not building coal-fired electrical generation facilities because of the uncertainty regarding cap and trade, environmentally. how much is it going to actually cost to build these new coal-fired plants? because of that, i think there s an example of potentially hundreds of thousands of jobs that could be brought online, removing that uncertainty. bill: back on the tax issue,

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