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Welcome to Huckabee we are live tonight from Little Rock, Arkansas.
And I've got some good news and some bad news the good news is that your government thinks you're a millionaire.
The bad news is that even though you aren't your taxes are going up even though the president promised otherwise.
If your family earns less than 250000.
Dollars a year a quarter million dollars a year.
You'll not see your taxes increased a single -- -- Not one.
-- really well you felt that at the beginning of the year when your paycheck got smaller due to the expiration of the so called.
Bush tax cuts.
And now you're starting to feel it even more with the cost of obamacare hitting you in the face like -- cream pie.
Congress -- about tax reform.
But real reform would in congressional power to manipulate the tax code and create winners and losers in the marketplace.
Each April 15.
I'm reminded just how different this day would be if we would implement the fair tax.
The fair tax would not raise our lower our current taxes.
But it would change the way that we collect taxes from the current system of punishing productivity and rewarding irresponsibility.
Then we would pay taxes when we consume something.
We would pay tax when we behind something not -- we -- something.
You know since everybody buys things we'd all be paying something.
It would mean that drug dealers and prostitutes pimps and gamblers would be paying their own taxes -- -- of you having to pay your fair share.
As well as their fair share.
And you wouldn't be punished for work.
As income tax would be abolished he wouldn't be punished for saving investing.
Are leaving something behind for your kids.
You could throw away that little shoe box full of receipts and slips of paper.
Because you wouldn't file taxes.
You just enjoy April 15 as another beautiful spring day.
The IRS who got caught reading our emails and stomping all over the Fourth Amendment would disappear completely.
And maybe the president would even like it because he loves to talk about rich people paying more and since they buy more expensive things.
They'd pay more.
That's fair but at least we'd all be paying something.
Most lobbying in Washington is all about manipulating the tax code to get breaks for those who can afford to pay the lobbyist.
Now with the fair tax the power shifts from Washington.
You decide to pay taxes when you buy things in the retail market.
If you haven't read the fair tax book by congressman John Linder and Neal Boortz I hope you will.
I think you just will agree that we don't need to tinker with a tax code we need to eliminate the tax code.
Well how much retirement money is enough.
President Obama seems to know.
The budget that he's proposing calls for a three million dollar cap on IRAs and 401 -- you can't save any more tax free money after that.
That may not affect many people now.
If you're -- young person just starting out and you're making the maximum contributions.
Three million dollar nest egg is possible over forty years.
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