This transcript is automatically generated
Cavuto Gary Johnson wants to cut federal spending by more than 40%.
Loss and deficit spending for good.
Any loss of totally revamp the tax system and now mr.
Johnson trying to get his message across that it -- to resonate.
As a third party candidate for president United States.
Former Republican New Mexico governor Gary Johnson joins me now mr.
just -- good to be euthanized certain here's a deal you.
Good candidates out there that can't basically run on tickets thing that the president busy mismanaged the economy or -- -- a big deficit spender.
Big issue is who's got the best -- most compelling sweeping vision for economic growth in this country so what is your vision what is your plan.
Well and it and it's two phase its vision and the vision is is that to save this country I think that we need to balance the federal budget.
Some promising to submit a balanced budget to congress in the year 2013.
If elected president.
And then I'm promising to abdicate on the part of throwing out the entire federal tax system.
And replacing it with a fair tax which I really think reboots the American economy for the next.
In a zero corporate tax rate environments.
If the private sector doesn't create tens of millions of jobs I don't know under what situation.
The private sector won't create tens of millions of jobs so it's.
Really it's it's isn't it -- god it's a message that -- I don't think being heard I think Ron Paul is delivering that message but.
I'm thinking that sudden he's not gonna be successful in the Republican primary I think the biggest growing segment of the Republican Party are those that are libertarian leaning.
I just made this the lead if you will to being libertarian because.
I think that libertarians are and -- speaking on behalf of the majority of American -- I'm excited about the prospect.
Of potentially becoming the libertarian nominee.
Where I would be on the -- In the general election and all fifty states.
-- so mister Johnson you basically though are have been supporting Ron Paul and he is leading.
And the polls and -- and some polls in Iowa one poll -- him up by four points.
What you're coming in though due to the Republican and days and party and the GOP candidates -- -- you gonna be seen as a spoiler sort of as Ross Perot lair.
And Jack Anderson years gone by has been seen as this where -- worried about that.
No I think Fred I would be this spoiler on the Democrat side for all those Democrats that are disenfranchised.
By the fact that the president isn't standing up -- Gay.
Marriage equality that the president isn't standing up to -- the drug war and it's.
Gee are we more militarily involved in the world today than when he took office and wasn't that kind of one of the promises and then just.
The overall hey we're broke and things need fixing and it's getting worse it's not getting better so.
I'm thinking I'm really gonna take more votes from Obama and that's.
That's jumping forward IA there's no done deal for me.
Being the libertarian nominee this is something that I need to go out and and earn and I have every intention to try and do so.
So here -- your vision is a smaller government and and all the spheres of life social policy.
Economic policy I am Betty you know I -- just saying and it will -- seems to it that it will resonate.
But what I think will resonate is the issue of jobs and how jobs -- create in this country it's not government planning I think in other words.
The vision that has that was most compelling is the one that is a moral vision in other words that big government is not the way to go big govern is actually in laurel.
Because it creates a lot of deficit spending and hurts the dollar.
And you know you can't create jobs of the jobs council led by Jeffrey Immelt your film it's not enough not gonna create jobs the American people right up.
Well so it back to enacting the fair tax look I I -- the sentiments of the Tea Party which is let's cut spending to save this country.
-- share in the outrage over those that are involved in Occupy Wall Street look this country -- up for sale.
Politicians have their hands out they sell -- both parties are about big government not smaller government.
-- enacting the fair tax I think sends out pink slips to half the lobbyists in Washington.
Fair tax is as the name implies.
It's arguably makes American goods and services 23%.
More competitive for export so there's really the answer when it comes to China.
Our real absolute belief in free markets that let free markets -- Let free markets operate let free markets be a part of what.
All of our daily lives the criticism of free markets -- usually.
Is is the exact opposite side is some government intrusion not free market -- here to -- -- a fair tax is essentially similar to a national sales tax right.
It is but keep in mind it'd -- cost neutral over a very short amount of time because currently.
Embedded in all goods and services is about a 23%.
That's when you implement the fair tax that goes from being a hidden tax to -- an area.
And started Sachs hi Garry I don't wanna get stuck on -- tax policy.
You know about that -- the ins and outs of it but we we are seeing and 2013 the bush tax cuts expiring -- fifty more fifty or more.
Tax increases if the president winds is that strong enough.
Playing in the -- to run up and we just weren't on that alone would that be enough didn't basically.
Create a loss for the president and other words you know people want a vision of the government.
That basically says look we're not about class -- were not about this class work for ideology which basically says you know shared sacrifice meaning -- work really hard.
The state isn't you know let's take your money back in the -- taxation.
Which is basically to spend you know to cover the deficit financing cost did -- cost of the debt that's really talking about is this a powerful enough message that you're talking about here.
For you to score a.
Well I think -- Yeah I think you've got to you've got a couple this message with the fact that time I think the majority of Americans consider themselves.
Classical liberals which is smaller government there's a belief -- smaller government that coupled with the belief in smaller government.
Is the belief that government needs to empower you -- night to make choices that only you and I should make so it.
Government should not be involved in social engineering government should be involved in making itself.
As in intrusive as possible and -- allowing.
In this case America not spared no words to do there are things so do away with corporate tax.