guest: i have not looked at the statistics closely, but i think they are lower in thendustrial partsf the northeast. the extent of tax policy affecting unemployment and the economy is something that we have researched extensively. states that have a flat, low tax system, they do better in the short-term animal long-term. some of the states that you mentioned follow more in that rubric that others. host: here is the front page of "the philadelphia inquirer." chris christie, "seeking a property tax curve, pushing the rebate program. -- program." in terms of property taxes, with value going down, how much more of this will we see? >> it will be difficult. many localities depend very much on the property tax. you always keep that revenue high by raising the assessment or the rate, which a lot of localities are doing. so, they're still able to push the revenue of words. many people think they have terrible property taxes. which is true in new jersey, they have actually push through a reform, building on other reforms, to essentially raise the state income-tax to produce property taxes, cr