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Detailed text transcripts for TV channel - FOXNEWS - 20110925:17:06:00

Tax. a 9% personal income tax and % national sales tax. it replaces corporate income taxes. personal income taxes. estate taxes. the payroll tax which is the biggest tax that a lot of people pay and also replaces the capital gains tax. this myth that 48% of the people don t pay taxes, they don t pay income taxes but they pay that 15% 15.3% payroll tax. what my plan does is it replaces that and lowers that rate to 9 about percent. everybody wins because it expands the base. shannon: a lot of folks interested out there. want to tell us any more about who helped to put together the plan. i know you say you have great economic minds that helped you? you want to know with my economic kitchen secret cabinet. shannon: is it a secret? no. i do have breaking news and that is we have gotten the results of the analysis and scoring of my plan and it was ....

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