you know what i said? i said, when i came out here, i said, nobody says it the other way. it has to be and if you don t say it correctly, and it didn t happen to me but a friend of mine. reporter: the gop nominee hedging his bets with this new spot on the airwaves. what is does electing donald trump president mean for you? families making $60,000 a year, you get a 20% tax rate reduction. working moms? you get paid maternity leave and an average $5,000 child care tax reduction. reporter: while mike pence tries to walk back donald trump s proposal to ban all muslims entering the u.s. our position is we re going to suspend immigration from countries compromised by terrorism. reporter: telling cnn the original proposal total and complete shutdown
reporter: how will you going to get lower oil prices when you re raising the taxes on the oil and gas companies. this is a breakthrough, i think this is an important moment for this president. he has finally announced a tax rate reduction when in the last three years he s been talking about raising tax rates. he would cut the corporate tax rate from 35% to 28%. by the way that is why the idea of this quarter percentage point increase in corporate taxes to finance a payroll tax cut would make no sense and it would be contradictory to what the president it is talking about today. even the white house is acknowledging that our corporate tax system in america is an albatross about the neck of our economy, it s not good for american jobs and procee productivity to have the second highest corporate tax rate in the world. jenna: fox business network has done great reporting on this over the past year to figure out what the plan is. let s talk a little more about the oil and gas companies. t
i m confident they will get a deal. it refers to automatic cut to defense and spending, triggers designed to keep lawmakers at the negotiating table. my hope is over the next several days, congressional leadership on the super committee, go ahead and bite the bullet and do what needs to be done. because the math won t change. there is no magic formula. the republican cochair of the 12-member panel suggested that the super committee could set a target level to come from taxes and have the committee eventually work out details. there can be a two-step process that would hopefully give us pro growth tax reform. historically, this is how we both produced jobs and more revenue for the government. the fight continues over how much of it can be used for deficit reduction rather than tax rate reduction. calendar becoming a greater factor each day, as the thanksgiving deadline draws near. democratic source close to the super committee is hopeful, but not particularly optimistic. othe
i m confident they will get a deal. it refers to automatic cut to defense and spending, triggers designed to keep lawmakers at the negotiating table. my hope is over the next several days, congressional leadership on the super committee, go ahead and bite the bullet and do what needs to be done. because the math won t change. there is no magic formula. the republican cochair of the 12-member panel suggested that the super committee could set a target level to come from taxes and have the committee eventually work out details. there can be a two-step process that would hopefully give us pro growth tax reform. historically, this is how we both produced jobs and more revenue for the government. the fight continues over how much of it can be used for deficit reduction rather than tax rate reduction. calendar becoming a greater factor each day, as the thanksgiving deadline draws near. democratic source close to the super committee is hopeful, but not particularly optimistic. othe
end of this equation which is to eliminate a lot of corporate loopholes that do exist. sure of course. martha: they like to target certain industries in this regard, they want to go after the oil companies, and the corporate jets and all that which we ve heard on and on and on. wouldn t president reagan be in favor of eliminating a lot of the tax loopholes that exist, if you want to move to a more flat tax for corporations as well, perhaps ala herman cain and the 999. martha: herman cain is exactly correct on the 999. reagan would have loved to eliminate the loopholes as we all have proposed. the tax deductions, exemptions e exclusions in exchange for a tax rate reduction across the board and a flat tax. you can t have one without the other. this is just ridiculous demogogary. president reagan would have disliked everything president obama is saying.