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Rep. Allen West, (R-Fla.), on the State of the Union Address and why he was looking for the president to take responsibility for exponential debt grow...
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-- at Allen west.
State of Florida with us right now congress -- -- lost opportunities lost chances.
What do you think.
I think there was a lost opportunity up for the president classmates as I sat there I was looking for president.
That would really take responsibility for the past three years as some of the failures we've seen in the policies that led to.
Almost five trillion dollars more -- I mean you talked about the fact it.
Brad and -- four billion dollars today the deficits that have been trillion dollar plus the unemployment rate has been at or above 8% or 34 months.
So I think it was a great opportunity for us to hear -- prison whereby we could have been.
Get this thing -- lot of things president talked about are included those 47 plus pieces of legislation is sitting on various steps.
You don't congress -- you saw some of the theatrics involved here both parties use them but this president's very good at it.
Having Warren Buffett's secretary there to make the point has -- -- said.
That.
Her boss a billionaire shouldn't be paying a lower rate than she of course is secretary.
I've always thought myself we'll just pay the -- more money and be done with using terrorism and political.
You know well right here but you that's it here and I guess -- -- citizen wanted to ask you.
So raise the rates.
That's how you you debt balance -- -- that's how you make it there you you you increase the cap gains rate.
Beyond the 15% of votes like Warren -- day folks like Mitt Romney releasing his tax records bank.
And -- -- to make it there with the secretary you would essentially double it let's assume she pays 28%.
Then you would effectively doubling the capital gains rate what do you think that are.
Well you're absolutely right and I think the first thing it's a little bit of intellectual dishonesty.
But the president did not explain to the American people that is a difference in the capital gains rate that is being used by one and a personal income tax rate is being used by the other.
And if we continue to believe that this.
Sense of equality of achievement.
Which means economic dependency and continue to -- talk about fair share.
That's not gonna be the way -- which we unleash the entrepreneurial spirit of the American people.
What we have to look at is if it's not about revenues come up fears -- -- -- spending.
And so how that we take this up tax code this progressive tax code and reform so that we can lower the rates reduced the the -- that we have.
Look at because corporate business tax rate.
President of the State of the Union Address last -- talked about how he was going to tackle but he still has not he came back again this year talking about tackling.
Cut it down from 35% -- -- 221%.
Could eliminate those who -- just give up corporation the businesses competitive tax rate.
And allow them to have -- one top tax treatment patriots in the trillions of dollars of capital.
That is offshore that's what we need to do and I think you could get rid of capital gains and dividends -- got a simplify this tax code.
We've got to get capital back captives who can truly have investment ingenuity and innovation.
Congress in -- it's always a pleasure having you sir thank you that are very much on west.
As -- --
