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Detailed text transcripts for TV channel - CNN - 20101219:15:08:00

Would like to rouse the tax burden. but i think in a country like the u.k., the only way you can do that is once you ve got stable public finances and you are not running a higher deficit. the u.s. is a deficit place and i m not going to intrued into u.s. politics. but i make this observation that even in the u.s. there is a debate about medium term deficit reduction. one of the people i hope to meet in new york the next couple of days is erskine bowles and talk to him about the commission. now of course that work s not progressing at the moment across the congress, but i think it s created an interesting debate in america. and i certainly find it interesting that this independent commission came to many of the same conclusions that we came to, which was make sure it s mainly done through expenditure restraint. look at the retirement age, and actually try and reduce your corporate tax rates at the same time. but after those wonderful recommendations came out and i wrote columns in fa ....

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