Also in this playlist...
This transcript is automatically generated
Chance to wiped out their property taxes completely polls are closing in less than six hours and while it sounds like a no brainer.
Get this the vote is widely expected detail as did the property tax will stay does that worry about -- senators like Grover Norquist Grover what -- it.
Well at north Carolina's uninteresting story Gary you had a few years ago an effort to cut the income tax state income tax in half.
The politicians said oh don't do that we're gonna use all the revenue to fix.
Oddly enough there wasn't permanent reduction in property taxes.
The legislature has begun to cut back the personal income taxed 30% top rate.
And the corporate income tax 20% on the top rate.
What they ought to be doing in North Dakota is abolishing the income tax because.
You're the reason -- people -- chatting about now and I've been talking to taxpayer activists up there.
People don't believe that it's credible that the local property tax would go away permanently.
And they know that the revenue would be replaced by state government and said the state would have complete control.
Of all local governments of all schools and police and firemen.
And they're not crazy about the idea of losing local autonomy.
But we do need to come back and look at having North Dakota do -- South Dakota has no income tax.
Nine states have no state income tax no state had no.
Property tax at the local level that's probably not sustainable because people want local control.
It is sustainable to go without a personal income tax because of all that lovely.
Oil money that they now have the.
Let's just say they're enjoying those riches but that might be sort lives so that -- -- prematurely.
You know -- rip in their nose off to satisfy the rest of the thing.
Remembered the South Dakota doesn't have a lot of borrow money and they don't need a state income tax Washington State doesn't have oil and they don't need a state income tax.
States without income taxes without state income taxes grow much faster have more population growth have more wealth and and income create.
She wouldn't surprise -- it is property -- and went down to defeat for those reasons and others -- Right but don't forget we then cutting the income tax -- -- cutting taxes in North Dakota.
I think I'd focus on getting -- that income tax on what you're here grammar I wanted to see if you wanted to responded as early this month Jeb Bush was asked about your.
Tax cut pledge and how it handicaps Republicans -- an -- A cut taxes every time every year I was governor.
I don't believe that principles and convictions.
To people you'd -- -- respect rovers political.
Involvement he has every right to do it by never signed any pledge.
The Jamaica -- again.
Well that's a little bit odd first -- -- he hasn't been in politics for ten years last time he ran prophecies from Florida.
He comes to Washington DC and later in that interview.
He says allied agreed to raise taxes if you promised me ten dollars of spending cuts.
That's the deal that destroyed his father's presidency.
When his father said all -- go -- attacks increased.
His tax increase didn't lead bush senior to less spending it led to more spending.
And Jeb Bush just said why do exactly the same mistake my father -- out.
The reason why most elected Republicans in Washington DC and why Mitt Romney have put in writing to the American people.
That they're not going to raise taxes I don't know why.
I Jeb Bush thinks that promising the American people you want raise their taxes -- outsourcing your principles and -- -- has a principle that.
He's better -- you are and he can do what he wants.
The principal -- I'm not gonna raise your taxes.
That's what Romney has told the American people and what most Republicans in the house and senate -- commitment they've made.
To the American people and it's a very important principle and it's helped keep taxes -- or Grover thank you could see you again.
Filter by section