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To some of the other plans put out there, rubio s or rand paul s and chris christie s? it looks like you get the most growth per dollar of tax cuts from the bush plan, although you definitely let s talk about rubio. you get a lot of growth out of that but it also costs the government a lot. rubio wouldn t even cut dividend and capital gains further than bush. you get some very good growth parts of the rubio plan in terms of allowing more business investments, but you also spend a lot of money, spending in washington terms on tax credits or families that don t give you a lot of growth. so that would be the drawback. on the rand paul flat tax, the simplicity is great but it s essentially a value added tax. it s a big tax on business to get that simplicity. thanks very much. we ll have a lot more to talk about taxes as the campaign goes along. we have to take one more break. when we come back, hits and misses. if you love shrimp ....
Why is bush doing that? this is very shrewd, paul. there s merit when you talk about the deductability, for instance, getting rid of that on business expenses. this is bringing parity between debt and financing. there are strong policy reasons for doing this. politically what this does is it makes it much harder for democrats to attack bush and suggest that is just a big tax plan for the rich because he is taking aim at some special perks wall street has had and there are other aspects of the plan, too, that definitely undercut the talking point that the gop simply caters to the wealthy. including a cap on deductions, total deductions you can take if you itemize on your taxes of 2% which means you can use all the various deductions like mortgage interest and others but only up to 2% of adjusted gross income which means some affluent taxpayers are not going to get a big tax cut especially when you include the fact that he removed the deductability for state and ....
Before, he made two national runs for the presidency, and he came up with zero delegates. this is not a proven winner in this arena. i think it s a question of when okay. elizabeth warren. you think she may still come in? wow. okay. when we come back, jeb bush calls for an overhaul of the u.s. tax code. unveiling a plan he says will jump-start a sluggish economy. could it help him break out of the republican pack? at ally bank no branches equals great rates. it s a fact. kind of like shopping hungry equals overshopping. only glucerna has carbsteady, diabetes, steady is exciting. clinically proven to help minimize blood sugar spikes. so you stay steady ahead. ....
Investment in the economy which has been a real weak spot during this expansion. the consumer in the obama recovery has held up pretty well, but business has under invested and this could kick charge that. you get the expensing. you get lower rates. you get a promise the irs is not going to tax every dollar worldwide even when it s been taxed overseas. what you re getting is a huge boone to u.s. business growth and incentive for companies. imagine this, to want to be here instead of trying to leave. there are some interesting twists, though, to the plan, kim. the populism that he would go after interests for hedge fund, a form of fee income as some people define it and then going after the deduction for borrowing interests for companies. those kinds of specificity usually gets you into trouble when you re proposing a tax reform. ....
Would hold it together. now, prime minister maliki and others made some big mistakes thereafter, and i think president obama was wrong to pull out u.s. troops. but it wasn t going to be easy to stay, and obama did keep forces there for twice as long as he had promised on the campaign trail, along the time frame that president bush himself had sketched out. i would give president obama some criticism there, but not nearly as harsh as so the criticism you leveled at obama is that he followed out the bush plan? well, apparently. he had his own choice, but, yes, it was the logic that had been established before. mr. obama deserves some of the criticism, but not nearly as much as he s getting now. okay, mike, my problem with that argument is you can always say, if we d only stayed a little longer. you can always argue, if we d only stay there had with more troops, more combat troops in the field, you can always argue, but that s the best argument for not going in, because you can ne ....