Supporter, good to have you. guest: praying for the folks in the midwest and the south a tough day for them we hope they come through it well. neil: i share that, governor. do you share governor palin s view on the rip em up ross and it is hurting the party? guest: certainly wish it did not happen like that but the fact is politics is a contacts sport and one thing you have to do is recognize as you go law and compare, things gets stretched. and sometimes candidates go further than they should. but we are 60 days in to this and as this clears up, the rhetoric will caucus down and they will start to get ready to go after what is really a horrible committee under the lack of leadership of the obama administration. neil: governor, you know
Get a 23 percent maximum rate. we take the corporate rate to 6 percent and go to territorial system so it gets the money trapped overseas back in this country. neil: i have said a lot of great ideas but do you feel let down by the president? he announced it, and it s collecting dust. guest: well, he knows if he said anything he would be savaged by the republicans and so the republican side came up with their budget and it was another . and they knew they would be savageed. neil: do you feel like you wasted your time? guest: no, we irritated everyone in the united states. if we miss you, we will get to you. neil: both of you committed an enormous amount of time into this and lost some buddies along the way.
It is $16 billion. if they got around all of them it is $16 billion. neil: but i look at that $16 billion is like the gateway drug to get the votes for bigger pieces of legislation. guest: that is always the case since first i started to do the budgets in 1983. we have to get rid of earmarks but that is $16 billion and there are $1.1 trillion worth of earmarks in the tax code each year. those are what we need . neil: will the taxes have to go up? guest: actually, tax rates will go down. if we are smart we will broaden the base, simplify the code get rid of the tax expenditures and we will use the money to bring down rates. we did, we were able by getting rid of tax expenditures to take rates to 8 percent and 14 percent and 24 percent. neil: but the rip rich