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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
LARRY KUDLOW, CNBC ANCHOR: Welcome back, kids. This is the most fun I`m going to have all night. You know I believe in tax freedom. And you know I think the tax code belongs in the trash, the dust, and is history. But what should replace it? One of my guests says a flat tax of 17 percent. My other guest says a sales tax, which he calls a fair tax of 23 percent. So joining me is Neil Boortz, syndicated radio talk show host and "New York Times" best-selling author of "The Fair Tax Book" -- wow -- and Steve Moore, senior economic writer for "The Wall Street Journal" Editorial Board.
First of all, Neil, congratulations, how fitting. How fitting, radical tax overhaul on the supply side, No. 1 on "The New York Times" best-seller list. You and John Lydner (ph), my hat`s off to you. Tell us in a nutshell, Neill, be concise as you can, I know you can, why the fair tax is the best tax?
NEIL BOORTZ, SYNDICATED RADIO TALK SHOW HOST: Well, look, I`m such an admirer of Steve Moore that I think we ought to just look at "The New York Times" best-seller list and whoever is highest wins and walk away right now.
KUDLOW: Is this on all subjects, Neill, or just taxes?
BOORTZ: No, on tax reform.
KUDLOW: All right.
BOORTZ: No. In a nutshell, the fair tax eliminates corporate and personal income taxes, estate tax, gift taxes, alternative minimum tax, social security tax, and Medicare tax. All of these taxes are embedded anyway in the price of goods...
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