I'm up here in Cleveland tonight and there are a lot of folks who are concerned about it. Twenty-five percent of the people up here get their health care through religious organizations and so that religious freedom issue is very important to them.

Small businesses pay 18 percent more than big businesses for health care the same health care just because they're small and they have too small a pool of risk.

Do you know what the overhead is of the Medicare system? One-point-zero-five percent. Do you know what - private insurance is 30 percent in overhead and profits? Given a choice how I'm going to improve health care I'm going to take it away from private insurance profits and overhead. Wouldn't you?

Health care comprises nearly 20 percent of our national economy but outdated bureaucracy and red tape have stifled competition and raised costs. As a result today more than 45 million are without any health coverage.

And so our goal on health care is if we can get instead of health care costs going up 6 percent a year it's going up at the level of inflation maybe just slightly above inflation we've made huge progress. And by the way that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.

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We are all used to paying a sales tax when we buy things - almost 9 percent here in New York City. The application of this concept to the financial sector could solve our need for revenue bring some sanity back into the financial sector and give us a way to raise the revenue we need to run the government in a fiscally responsible way.

I forget what the relevant American rate is but I can tell you that our goal is to have a combined federal-provincial corporate tax rate of no more than 25 percent. We're on target to do that by 2012. We will have significantly - by a significant margin the lowest corporate tax rates in the G-7 and that's our - our government's objective.

And here's the fact: the fact is it doesn't solve the problem. First of all if you taxed these people at 100 percent basically next year you said 'Look every penny you make next year the government's going to take it from you ' it still doesn't solve the debt.

In a clean break from the Obama years and frankly from the years before this president we will keep federal spending at 20 percent of GDP or less. That is enough. The choice is whether to put hard limits on economic growth or hard limits on the size of government and we choose to limit government.