competition. that s what the european countries did. but the u.s. can make other choices and the u.s. can learn from the european experience and the warren wealth tax, for instance, learns from that experience. it starts much higher in the wealth distribution. 50 million. in europe, it was 1 million. it has no exemptions. no deductions whatsoever. it comes with much more funding for the irs to make sure that tax evasion is limited. and, you know, the difference between the u.s. and europe is in europe, if i m french and i move to london, i don t have to pay taxes anymore in france. in the u.s., if you are an american citizen, even if you move abroad, you still have to pay taxes in the u.s. i know very well. so that s a big difference. that means you don t have the problem of tax competition. that was the key reason why european countries, many of them, abandoned their wealth taxes. because they saw people just leaving those countries and going to better tax havens. tax places.
here. we got put into the house proposal. that goes to a lot of homeowners. that goes to people that are on fixed income. property taxes are regressive. they re not progressive like the tax component of it. by delivering that relief to our folks, we protect 99% of the folks in our district in particular. i appreciate the ability to move and have that conversation with our leadership and not go down the complete elimination. you leave little time for that. the senate has pushed back its date for this. you particularly and some of your republican colleagues from new york and new jersey and higher tax places are going to have to reconcile this and convince your constituents you ve come out with something good tr them. i believe we are. when we go back home and people hear and do the math because we make it simplier. that is real relief to people. what is your answer what s
candidates, president obama released 12 years. george w. bush eight years. george romney, mitt romney s father when he ran for president released 12 years. mitt romney only two years. so it s not like this is not something that isn t done. even in primaries all that have run had to release returns and go through the questions there were. right. so the question here of transparency and of whether or not as former president clinton raised did you use foreign tax places havens to hide the taxes. well, rev, what you left out in that litany of the presidents and presidential candidates who ve released their tax returns, yes george romney, are m romney s father when he ran in the 1968 race.
they are rebuilding new orleans and also the mayor of the pennsylvania town making way against crime. corporate dollars are playing a role here. tell us how that works. especially when you have places like st. bernard parish, places where the tax places are not going to be able to support rebuilding or revitalizing. you can get people in management and publicity. bradock, pennsylvania, is a dying town but they managed to get levi s in there. shouldn t the government be