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Gov. Perry on Spending Cuts, Taxes

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    Gov. Rick Perry, (R-Texas), on efforts to cut federal government spending.

  • Duration 6:25
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-- back work and well you know look at your fellow Texan and not presidential contest opponent Ron Paul says actually you're not being tough enough that if you talk about -- -- the budget.

By the year 220 He says He has a plan.

To do by the third year He became president Bob this is Toronto -- -- I wanna get a chance respondents.

Rick Terry detail -- a flat tax plan of his own this of course comes on the heels of -- James 999 campaign.

But that did the -- -- plan.

Is said to be an effort to jump start his campaign.

Too little too late what do you think of that plan -- is what.

Nobody knows my oppositional attack that they're -- I'm not like that.

Get rid of the income tax but my plan didn't talk a much better can we talk about spending -- that's where the problem as.

It is and I think they do ebitda most of stay away from the difficult choices how many others have really offered any significant cut to.

Nobody saying governors he's proposing a -- dollars in spending cuts right up front its first year.

Kept hoping balanced by his third year what do you think about.

Well I I think you know everybody's got their own plan but the fact is we'd like some substantial.

Spending cuts a hundred billion dollars in the end and the first year.

I think it does in the right direction but it is the spending everybody understands it is suspending.

And you know we may argue about it you know do you do this much spinning reaction if Hershey -- that much been a reduction.

We know -- one of the places that mr.

Paul's gonna talk about cutting and that's in defense and I will tell you.

I'm not ready to put our national defense on the line to back out of a -- Kleber so.

There's obviously places we can.

You look at Tom Coburn back and black plan where He talks about I believe nine trillion dollars worth of cuts.

You look at what Paul Ryan is due on on on Medicare.

There's some great members of the end of the congress.

That have some plans that can help us reduce the spending in and let me tea.

That's what we need to have but you have to have a president.

There will stand up.

And when a bill comes forward to spend more money than we've got -- in that pocket.

Pull out that Vito -- and uses an off day one thing.

I vetoed 82 bills my first years ago in the state of Texas I'm not afraid to -- bills and I'll do with this congress -- do it.

Because Americans want a president that look -- many and -- here's a hard choices.

But also lay out a plan big shows where we get this country back grow and move in that offshore money for instance back over here.

Five point 25% tax rate on that it'll create 360.

Billion dollars worth the economic impact in year one.

So you're with some of these blue dog Democrats who have been urging the president to do just that a temporary tax holiday at the very least.

For that one point 42 trillion dollars it's kept all sorts.

Absolutely I think it makes almost as the world I really do you we need to get Americans work and we need the confidence in this country again what would you say I don't know -- taxes are regulated.

-- -- or would you say they have to do that that another words it's just not a three tasks that are -- -- your tax -- but you have to make a commitment to me.

You're gonna hire people what he's.

I basically say that you that you had you get a choice and when you if that's what you're talking about between.

My flat tax or the which they were the old system if you're talking about that money -- its offshore getting quite pitcher.

No I'm not sorry what's what are you saying is -- the -- don't Democrats has said that these corporations will give you but that's a tax cut.

On this money held those sort would know proviso is no quid pro quo you don't have to.

You know hire people with this -- the president saying that it's it's essentially dead would make.

On that I'm not open do -- giving corporations a big tax break it they don't you know now provide jobs at that how would a president -- -- -- -- Well this I would say bring this money back we have a president that's more interested in -- class warfare.

And -- pitting different groups against each other.

I'm for bringing this money back yet I guarantee is not really want just don't exist yeah that's a litmus test to it what you -- -- he's learned not to bring their money back in and out.

Fair -- freeing -- money back in charge five point 25% that's kind of the prevailing.

Thought process and that's the right amount and give them one year to bring it back again and create that jobs and create economic impact that's what this president's -- -- All right thank you mentioned on as president you would take out that beat up that -- -- a got out of control the criticism of another Texas governor became President George Bush.

Is that He didn't do that in retrospect do you think that was a huge mistake and one of the reasons why people are leery of electing another Texans of the White House.

I don't think you the -- -- that there -- any.

Leary -- -- -- if you will about.

The electing someone to the White House that lays out their plan.

I know what I'm gonna do I can't speak to what happened seven or eight years ago I'll tell you what I will do I'll take what I -- is a governor of the state taxes -- vetoed bills I've signed.

An easy 65 -- C they put zero governor -- and taxes He didn't and the concern is it now.

Preparing my talk a good game George Bush talked to similar game when He was running for president that He -- runaway spending.

Now we know issues came up in his presidency that change things and remarkably.

But but having said that what's to stop folks listening to this watching you right now governor sale.

Didn't promise that been disappointed by that.

Because I've got a record in Texas are doing what I said I would do from the standpoint -- spending.

Fourteen plus billion dollar cut in property taxes that I -- 65 -- bills that lower taxes.

First time since war war to Texas spent less money this Miami and they did the previous but I am and I signed that budget.

I don't just talk about it is that rhetoric out of may I have a record.

Keeping this spending under control taken at the Vito pin what is need to be.

Pulled out and -- members of the Texas legislature understand and respect to how I govern.

So.

-- it's not about rhetoric mailed mine is about -- Clear plan of action that I have implemented in the state of Texas the reason that we're the number one economy.

People know they're not gonna be overtaxed over regulated.

You get to come in the state of Texas and keep more of what you work for its a reason we created a million jobs while I've been a governor.

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