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Itself. we put in an income tax. didn t serve us well. i went to move toward a tax system that encourages investment risktaking and the creation of jobs, and in order to do that we ll need tax reform you. know this from the people you have on your show. and i would rather rely more on a consumption-based tax system and reduce our income tax so that all the successful rich people many of them don t go to places like florida where taxes are much lower. and we need new industries neil. we can t rely just on steel companies. we need to have cloud computing and dat analytics and i.t. programs. so ohio has to re-reinvent itself and we need to have debate about the fact that income taxes are antigrowth and antijob and we should rely on a tack that gives people more9@ki choice which is a consumption tax. so i m cutting taxes and will have a net tax cut of at least ....
But the president saying he going to be picking a panel to look into this. again. a lot frustration that it is slow. and now the nlrb effort in south carolina to stop boeing from hiring 1,000 nonunion workers. what would you do if you were president facing that? guest: the juxtaposition of this president who says one things but, then, the administration does another, whether the epa coming in to next and trying to shut down our refining industry; whether its is the interior department coming in and trying to use a liver to shut down a drilling business. neil: the lizard could win. if it is endangered species. guest: we had a president who is antijob. and i have no idea why. when you look at the national ....
The rich buy deaf by virtue of being rich have access to disposable income that they will save and invest and that s how you create jobs, so in calling for higher taxes on the rich, what they re explicitly saying is we want to reduce the wages of the nonrich and for those who don t have jobs, we want to reduce the amount of investable capital that would create the jobs so that they can get off the unemployment line. it s very basic to get people working again. but the obama administration doesn t understand the dollar implications and the tax implications of what they re doing, which are both antijob growth. jenna: here s what the obama administration would say, true the rich have more dispossibly possessable income but the bottom line is they don t spend it as often as the middle class person that might have extra dollars, they also say that it s different giving a tax cut to small business than to someone s income because most businesses do not dough clearly their business profits ....