chafee, mr. moffett things scaling back the taxes to 5% would make rhode island more attractive to consumers and businesses. would your tax plan scare off businesses? >> know, the facts are is that we are competitive nationally with our sales tax and income tax. we are about at the national average with those two taxes per it where we are off is on our property taxes. this legislature keep taking the state's problems and passing and down to reduce the property taxpayer. that affects small businesses. we are way out of the national average on our property taxes. i propose a 1% sales tax on items that are presently exempt and that would generate $100 million. if you buy $50 worth of clothing, you spend 50 cents more. 50 cents more on sales tax for the experts say that the sales tax is the least harmful to economic growth. property taxes are the most harmful. we are going the wrong direction passing the state problems to the cities and towns. of course they want to make cuts but i did not read this

host: what about the matchup between chafee and lynch?emocratic side, how does that pan out? guest: they will both run in the primary, too. democrats see this as a key pick up for them in the fall. and republicans, they have held the governor's mansion for 15 years. it is one of the more liberal states in the country, but they have managed to keep a hold of the governor's mansion. and you can see both of the republicans their.com by john robotized -- republicans there, john robathai they're not really competing well against the democrats. host: are republicans and democrats from outside of the state coming in with big names, money? guest: we have not really seen that yet in this race, but this is one of the later primaries. the filing date is not actually until the end of the month there. some of the candidates, even those that have been running for a while, i just kicked off their campaigns recently. host: the primary is september 14. if you want to watch the governors' debate from last night, go to our website, c- span.org. jessica tayl

they write, although praising the establishment of a consumer protection agency, advocates chafe at an exemption granted to auto dealers, as well as a provision that would put oversight of controversial annuities out of the reach of the securities and exchange commission. some measures, such as stricter standards for brokers who give investment advice to individual investors, could go into effect only after a study is conducted. this frustrates some consumer activists who say it leaves the door open for continued influence from lobbyists for large financial companies. and that's in this morning's "washington post." shawnee, kansas, on our line for republicans. john, you're on the "washington journal." caller: good morning! how are you? host: john, what's on your mind regarding the financial regulatory bill? caller: first of all, i hope you give me as much time as you gave that gentleman that talked about everything in the world. anyway, i think that this bill will do nothing to solve the will do nothing to solve the -pproblem, or that is, or certainly very little. the principal problem