You're watching...
Home Depot Co-Founder Ken Langone on why Gov. Andrew Cuomo is his favorite governor and the conditions in which he would pay higher taxes.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Look.
-- be very forthright.
-- this would be well we I'm I'm coming out of my shell okay.
One of the greatest governors I've seen.
Ever.
There's a current governor of New York State into crown absolutely -- don't -- what I support of them.
I'm thrilled that he won and he's doing he's he's practical he's saying wait a minute.
We need jobs we need these people -- this wealth not to go to -- did you support the governor's father not.
-- -- -- He was used to look look at Mario Cuomo was hopelessly liberal this guy -- don't hopefully pragmatic this guy is pragmatic OK OK do you realize home people's one of the largest employers in the state -- New York.
We have probably fifteen to 20000 employees to New York -- -- And this governors friendly it's of those -- this guy is more full.
That he wants to encourage people like myself -- back the deal instrument.
My point about -- quote about going to governor even though it's against a millionaire's tax in New York he does support the president's call that the rich pay higher taxes when you're gonna put that.
You are -- but here's what I want.
You we've got a tax on fuel.
It -- in the highway trust fund.
You want to raise my taxes foreign all that money goes into a trust fund specifically designed to retire debt.
These these sex beings in Washington on -- -- sex being hung around money they act like sex means.
They can't get their hands on it they got a we've got to keep them away from we've tried these -- -- has no work no we have I'm telling you just like the highway trust fund.
You say all right is a new tax -- -- -- -- -- you I'm gonna pay it.
Whatever they get in that sector in my tax payment whose gonna -- trust fund.
Managed by a BlackRock life think -- somebody and that when they -- a certain number of dollars and that they redeem bonds.
If we're working on -- what we have to do which is to get this debt down.
I'm for.
Take away my -- this is not move -- take away my Social Security.
Should be hit Social Security to travesty.
I want.
I don't need.
And my wife alright you know we we right we saw -- our I sign my checks only charity she puts it in separate account.
-- a bank and at the end of the issue here is that was ever in that account -- the charity.
Aluminum back the deal is the -- these are very very solid people in the -- practical.
His brother was the mayor of Chicago I'd I'd love this guy have been in that it.
The First Amendment and -- managing -- -- -- -- -- that I met him again this is this is a solid human being.
Anymore you need more of those types and that they always very practical but it -- well he's not very popular now he's in question and I'll give the opposite.
If there's one -- that should understand the importance of a vibrant financial community in New York State it's -- sure.
Chuck Schumer is acting towards a financial services industry like with a devil incarnate I don't -- Chuck Schumer said today.
That the super committee all the looks like a super joke it's not -- and it's deadline is -- responsible.
Of course it's not what he had given.
What I know -- I like him personally but I -- be very honest with you I'm very disturbed by the fact.
But he's not been the guardian like the like like a bully had an issue you can be sure the two senators in the state of Washington and as a reasonably.
The two senators in the state of South Carolina I'm gonna fight like hell to protect Boeing's interest not for the -- stockholder.
But for the bull you don't.
-- Schumer doing after the financial slowly he's been he's better -- if tac.
Now it's as did December committee doesn't meet it's deadline you heard it on deadlines and making sure people here to -- if it doesn't meet it's deadline.
And they do this for sequestration and these automatic cuts -- -- You -- arguing and less time memory Susan rent when you're here at the cuts are too little anyway and that they're not cuts at all are actually trimming the growth.
It's it's one point two trillion if they don't.
Do and right -- rough network hundred and why it's our.
-- -- -- -- -- -- -- But -- 120 billion a year the -- If interest rates only go up 2%.
And they well.
That's 300.
Billion dollars a year just in the edited.
Interest.
You gonna be a 180 million sure.
One point two trillion.
Is like one shrimp and the shrimp cocktail in the seven course real.
Value in that cannot even that.
