tax rate. we know america is very high, among the highest in the world in terms of corporate tax rates. that s something i believe has to containing. we are not looking for corporations to get off lightly but looking for corporations to be taxed fairly. there are a number of corporations that do get off lightly because they take advantage of loopholes we believe should be closed. what we are saying is, not necessarily lower corporate taxes overall, but change the system. stuart: that is interesting. he is a democrat. he is not saying what president obama would say about corporate taxes and the tax rate. he clearly seems to be saying what romney would be more inclined to say. guest: he said, we create jobs in america, i love america, but this is not what is best for our country. if you look at the competitive tax landscape it doesn t make sense to create jobs. we both know companies don t pay
and he joins me now on the phone. hi, mr. bishop. hi, allison. how are you? alisyn: tell us what went on when all the business leaders, yourself included were giving bill daly an earful. we appreciated bill daly the chief of staff coming to talk to us. but despite the fact that he is business oriented it s a tough sell when you have a president that isn t out there trying to change the tax landscape and the regulatory oversight of his various agencies and tells us everything is good when we know it isn t. alisyn: which regulation do you want done away with? the s start with the epa. let s just wipe out the whole agency. to be honest with you this agassi is a job killer. lisa jackson and the epa don t know how to create jobs, they on know how to kill them. one is numeric nutrient criteria
provide businesses some certainty about what their tax landscape will look like and we have to provide family certainty. that is critical to maintain our recovery. i should mention that in addition to those economic issues there are some things in the lame duck that relate to foreign policy that are going to be very important for us to deal with and i ll make mention of one in particular and that is the start treaty, we have negotiated with the russians, significant reductions in our nuclear arms, and, this is something that traditionally has received strong bipartisan support. we have got people like george shultz, who helped to organize arms control treaties with the russians back when it was the soviet union who have come out forcefully in favor of this. this is not a traditionally democratic or republican issue, but, rather an issue of american
michelle, you knew you were popular. i don t say this all the time or to every guest. linda, how should i plan to invest in the higher tax landscape of 2011? with all the troubles cities are having, do municipal bonds make sense? well, you know, when i approach investing, i approach it from what are you investing for? lots of people want to focus on just the tax part of it and that s not the full picture. so i would have to ask, what are you investing for? are you investing for your retirement or so that you can help send your kids to college? and when you look at municipal bonds or because that s a good part of your portfolio, you want to look at the rating and how they re performing and then talk to an adviser. it s hard to answer these kinds of questions without knowing the rest of this person s financial picture. you re not saying straight off the top, avoid municipal
so a lot fewer couples a lot fewer people will take these deductions, itemized deductions. it eliminates personal exemptions, caps state and local tax deduction, very big in some high-tax states, and eliminates the health insurance mandate. for people out there who are buying insurance, you could see premiums rise. there s a lot in here. i m going to tell you, it s going to affect all corners of the economy. and the corporate tax cuts a centerpiece here. the individual tax cuts expire, so we will be revisiting the tax landscape again in just a few years. romans, thank you very much. one other question right now, christine, there are people who are trying to rush to lower their tax bills right now. especially people who live in those high-tax states. a few things you can do, you can pre-pay your property taxes, if you can. if you pre-pay this year, next year s property tax, you can