which by all free market economists reckoning is as the name implies, fair. the more money you make the more fair tax you a, revenue neutral, we need to cut, no more income tax, no more corporate tax in a business environment with zero corporate tax if the private sector does not create tens of millions of jobs, i don t think there is any other anything else that we could do to do that. also, make american goods and services much more competitive overseas. it takes care of the china issue. and i m back to fair. no more withholding from your payroll check. social security, medicare, unemployment, will come out of the fair tax no more employer match. what are the chances of this happening? they ve been floating some of these ideas now. you know what happens when you run into the lobbyists?
exemptions. you can cut everybody s taxes in half and actually raise more revenue if you re willing to get rid of all of the tax expenditures and tax breaks. we re not suggesting you do all of that, but there s head room to generate revenue senator chambliss? and on the corporate side, we made it revenue neutral, but we eliminated again expenditures and credits from corporations who and take that savings from corporations and reduce the rates to historic lows. and what corporate ceos have told us is you give a certainty on the tax code, and we ll take this money that we ve got sitting as cash today on our balance sheets and we ll invest it in our companies, we ll create jobs, we ll put people back to work and create jobs for these folks who are out here protesting today. and we will see economic growth like you can never imagine in this country if we would truly reform the code like frankly we proposed. john heilemann? i want to ask you guys both a
this american morning. good morning. zogood morning alina. it s early. it is early. not so early for you. always great to have you here. carol is off, christine is off. that s right. we ve got you back, which is fantastic. we ve got a really serious situation going on in texas. it s it seems to be getting worse although in some parts getting a little more control over it. these raging wildfires we re telling you about sweeping across the country right now. the governor rick perry is describing the disaster as, quote, a monstrous storm of smoke and flames. the flames are sending thousands of people running for their lives, showing no mercy. it s killed four people. hundreds of firefighters are on the frontlines dousing some of the fires, new ones, they re starting new ones hoping to get rid of the bone dry bub brush that goes up in an instant. this is what s left of a ranch in austin, texas. a pile of twisted metal and ash. the texas forest service sa
council claims 50,000 people have been killed since the uprising began in february. so far cnn is unable to confirm that figure. rebels are giving gadhafi loyalists until saturday to surrender the town of sirte and others they control. sirte is colonel gadhafi s hometown and one of the places he may be hiding. the ntc says it s trying to avoid bloodshed but threatens an all-out attack if the loyalists fail to disarm. syrian opposition forces say security forces cracked down on anti-government groups around the country. six people reportedly were killed in the city of dara. those are the top stories from cnn the world s news leader. i m zain verjee and world business today starts right now. good morning from cnn london. i m nina dos santos. good afternoon from cnn hong kong. i m andrew stevens. you re watching world business today. the libyan rebels oil and finance minister tells us the country s oil production could be back to full strength within a year. you have b
for news international and tabloids over in great britain possibly tried to hack into the phone numbers of 9/11 victims and possibly some other u.s. citizens, so now this scandal that started over in great britain has a chance to make it to the united states and the fbi it appears right now is getting involved. we ll have much more on this still developing story throughout the next couple of hours here on cnn. also coming up for you this hour, the man accused of killing and mutilating an 8-year-old boy is arraigned in court. the charges, first-degree kidnapping and first-degree murder. we will take you there coming up, and adarandi kaye just mentioned to you a moment ago, l.a. is gearing up for gridlock. you might be thinking, well, what s the big deal? it s l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it s set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on