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Club for Growth's Chris Chocola weighs in on Mitt Romney's tax returns and President Obama's upcoming State of the Union Address.
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Okay thank you Club for Growth president Christian -- is in DC with -- Chris welcome back to the show good to have you with us again.
-- could be with you I want you to defend.
Mitt Romney.
And his 15%.
Tax rates on investment income because.
He is going to be attacked he is gonna be demonized I want you to be in his place and defend that 15% tax -- -- Well you know the the reality is he doesn't pay a lower tax rate he pays legal tax rate it is the law and it's a good thing that the law.
Traces censor people to save and investing freak -- just imagine if every American had the same.
Tax return is Mitt Romney think it decides ever economies into the economic growth due to generate think of the jobs it would be created.
We should aspire to have a tax rate other than 200 pages doesn't sound like much fun.
But they have successful investments that we've created economic growth and job they should all aspire to that it is the law he pays the -- rate.
In fact it probably should be lower capital gains should be zero if we really -- to continue to create economic growth now the president tonight will make a political appeal not an economic argument you make the political appeal.
The people who make a lot of money from their investments should pay a higher tax rate is gonna invoke -- the Buffett rule for example.
You totally opposed to that correct.
Well when you don't recognize -- there's a difference between wages and capital you don't understand what creates jobs wealth and economic growth I think it's a fallacy.
T even warm -- they can -- stepped back from the buffet rule he even said I wasn't really talking about -- I was talking about people to make a lot of money like me.
-- and buy it regardless if people are successful investing in the economy.
They should be given the incentives to make.
And those that it to save their money to keep their money to have a lower tax rate so they have those incentives.
You know it's I think it's just another example that this -- Obama administration has no idea.
Country's economic growth and jobs and wealth that none of them have ever worked in the private economy they don't understand how it -- now want you to transfer your attention to Newt Gingrich.
He made 300000.
Dollars looking for Freddie Mac.
He says I was just being a good citizen would you defend the good citizen role for 300000 dollars from Freddie Mac.
I don't know that I can defend new Gingrich in this whole debate over whether he was or wasn't lobbyist I was a member of congress.
During this some of that period of time I do you recall that.
It gainers came out today hell he would -- positions I think you would advocate positions.
That were held by.
Clients appears.
I don't know if he met the legal definition but.
Every member of congress was.
I think encouraged to go listen to Newt Gingrich I always did because you always learn something it was up to the individual member of congress to decide whether they agreed.
With Newt Gingrich or followed his advice.
But he was there on the hill getting advice.
And I think some of that advice was.
The advice that I think his clients wanted him to -- -- Christian call up Club for Growth is always a pleasure thanks for joining is again pressed.
