Updated

This is a rush transcript from "Hannity," October 25, 2010. This copy may not be in its final form and may be updated.

SEAN HANNITY, HOST: He may be running for governor of New York, but his message has grabbed the attention of the entire country in a race with almost too many candidates to count, one man stands out as different from than the rest. His name is Jimmy McMillan.

(BEGIN VIDEO CLIP)

NEW YORK GUBERNATORIAL CANDIDATE JIMMY MCMILLAN, THE RENT IS TOO DAMN HIGH PARTY: I represent The Rent is Too Damn High Party. People are working eight hours a day, 40 hours a week, some a third job. Women can't afford to take care of their children, feed their children breakfast, lunch and dinner.

My main job is to provide a roof over your head, food on your table and money in your pocket. This is politics as usual playing the silly game.

It is not going to happen to Rent Too Damn High Movement. The people I'm here to represent can't afford to pay their rent. They're being laid off right now as I speak. They can't eat breakfast, lunch or dinner. Listen, someone's child's stomach just growled. Did you hear it? Got to listen like me.

(END VIDEO CLIP)

HANNITY: All right, this past weekend, he skyrocketed to celebrity status with a parody on "Saturday Night Live."

(BEGIN VIDEO CLIP FROM "SATURDAY NIGHT LIVE" ON OCT. 23)

ACTOR KENAN THOMPSON AS MCMILLAN: Allow me to introduce myself, I represent the Rent is Too Damn High Party. You know why? Because the rent is too damn high. People got seven jobs, working 36 hours a day, 12 days a week and they can't afford a roof.

You know how much a one bedroom apartment cost in Manhattan? $77,000 a month. You know what a roof cost? You can't afford it! You know what breakfast, lunch and dinner cost? Put it this way, it would be cheaper to eat a roof.

Climb aboard to Jimmy McMillan express. You can grab on here or here because it is going to be a wild ride.

(END VIDEO CLIP)

HANNITY: And here he is The Rent Too Damn High Party candidate for governor of New York, Jimmy McMillan.

Jimmy how are you. Good to see you. You are a star.

MCMILLAN: As long as I can help someone get a plate of food on the table and a roof over their head and money in their pocket, then let it roll.

HANNITY: All right, roof over their head, rent is too damn high, money in the pocket, food on the table and who is going to pay for it?

MCMILLAN: We want them to have a job.

HANNITY: Who is going to pay for it?

MCMILLAN: They are going to be able to afford it.

HANNITY: How?

MCMILLAN: We are going to declare an economic state of emergency in New York that will give an opportunity to cut roll rent back as well as lower taxes and cut taxes.

HANNITY: All right, let's say some guy invested in an apartment building, buys the apartment building and to pay his mortgage, he assumed when he bought the place he was going to charge $3,000 a month. In other words, rent will be too damn high.

So you're going to roll it back how much? How much should the person pay for rent?

MCMILLAN: Before I could answer that question. I have to say New York State has rent guidelines and rent control board. This is a corrupt organization under Title 18, Chapter 11 of the constitution, conflict of interest -- let me tell you how I'm going to do that -- every taxpayer put out $6,000 to bail out and the stimulus combined -- under General Motors -- under the recovery act and reinvestment act -- the problem is they shouldn't have to worry the money is already there. I have prepared a plan called the NOL, the net operating loss.

For the next four years, we need to get this country and this state in order. If you feel like you need to take your money for your bills under the NOL, filing your taxes we will help the money under the recovery act is going to pay for it.

HANNITY: You are going to give relief money to the landlords?

MCMILLAN: Yes, it's available.

HANNITY: Where is that money coming from?

MCMILLAN: Under the Recovery Act from the president, it's already there.

HANNITY: From Washington?

MCMILLAN: No, the money has already been distributed to the state of New York.

HANNITY: How much is in there?

MCMILLAN: Quite a bit -- the state legislators, state assembly, state senators don't know how to get it.

HANNITY: How about taxes are too damn high? Do you think taxes are too damn high?

MCMILLAN: Taxes will be cut. Here's what I need to do --

HANNITY: No, no, no. Are taxes too high?

MCMILLAN: Taxes are too damn high! If you're a store owner --

HANNITY: Yes.

MCMILLAN: I'm going to -- if you pay $8,000 a month for rent, I'm going to cut that in half to $4,000. If you pay property tax or real estate taxes that will be cut in half.

What I need you to do is hire one person, when you hire one person or two people not only am I lifting the unemployment, people create work. This is the reason my plan is effective. I have created jobs. Three to six million jobs with the three to six trillion surplus.

HANNITY: Look, you are running for a serious position.

MCMILLAN: Yes, I am.

HANNITY: You want to be the governor of one of the biggest states in the country.

MCMILLAN: Yes, I am.

HANNITY: All right, so is there a maximum amount of money that you would charge people in terms of the percentage of their income in taxes?

MCMILLAN: No, I don't believe in that.

HANNITY: No, stop you got to give me a number. In other words, if somebody makes $100,000 how much would you say is enough that they have to give state, local, federal government in tax?

MCMILLAN: You would be taxed the same as everyone else. I don't believe in that.

HANNITY: Give me a number, $20,000, $30,000, how much?

MCMILLAN: Say like if you work a regular job.

HANNITY: I do work a regular job.

MCMILLAN: You know what I'm saying. If they take out taxes on your job, I'm not going to charge them no more than they are charging you. Get out of that.

What you are asking me is the system is broken. I can't talk how to repair the system if it is broken. The question I plan to reform this government and throw that old system way. If you owe the state any taxes when I'm elected, it is waived.

HANNITY: I paid all my taxes. I'm going to stop paying and vote for you for governor.

MCMILLAN: It is waived.

HANNITY: In all seriousness, now, there have been reports, you were on the "Imus in the Morning" program.

MCMILLAN: Right.

HANNITY: OK, and you said you pay $900 a month in rent. Then there's conflicting reports. Then you said you worked off your rent. Then there's another report that says you pay $800.

MCMILLIAN: You know why I did that?

HANNITY: No, no, no. How much do you pay in monthly rent?

MCMILLAN: I pay rent.

HANNITY: How much?

MCMILLAN: I pay rent.

HANNITY: How much?!

MCMILLAN: My homeless veterans. People who are homeless don't pay rent. I can't brag on myself because this is what's wrong with the country. Politicians --

HANNITY: Now, you sound like a politician. I asked you a simple question how much do you pay a month in rent, how much?

MCMILLAN: I pay rent.

HANNITY: How much?

MCMILLIAN: I pay.

HANNITY: Give me a number!

MCMILLAN: I pay.

HANNITY: But you see a lot of people think that you don't pay any rent.

MCMILLAN: Because people can't buy food. They're working 8 hours a day and 40 hours a week. Let's talk about them, not about me.

HANNITY: The government's role to provide a roof everyone's head, food in their mouth and money in their pocket. You don't believe in free markets?

MCMILLAN: I believe in that.

HANNITY: No, you don't.

MCMILLAN: Well, you're talking about organize crime has taken this state over. There's no such thing as free market when you talk about the rent, the Fannie Mae and Freddie Mac.

The rent guide -- the control board and the HPD, the HUD, they all are corrupt. Something is wrong and this is what I'm here to say, the party's over. They know what they are doing.

HANNITY: So taxes are?

MCMILLAN: They know what they are doing.

HANNITY: Taxes are too?

MCMILLAN: Damn high!

HANNITY: And rent is?

MCMILLAN: Too damn high.

HANNITY: All right, Jimmy McMillan, thank you.

MCMILLAN: Thank you.

HANNITY: Good luck. You've become a star.

MCMILLIAN: Thank you.

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