Also in this playlist...
This transcript is automatically generated
My message is simple.
It is time to stop rewarding businesses that ship jobs overseas.
And start rewarding companies the create jobs right here in America send -- these tax reform.
And I won't find them right away.
And I just read he would that's President Obama from his State of the Union Address this week the president making several tax proposals -- central theme of that speech.
Our next guest -- what -- -- along with us now Grover Norquist president of Americans for Tax Reform.
Grover how impressed were you by the proposals that the president has made.
Are you heartened and anyway.
-- out two things one he's complaining about the present tax structure that president income tax system.
Every piece of the present tax system was approved by Obama and the Democrats.
Because for two years and all of 2009.
And all of 2010.
The Democrats have majorities in both houses and the presidency if there was any pizza that tax.
-- slightly improved -- tacitly are by acquiescence and inaction against it.
On the woke up every morning and change nothing went to bed at night woke up the next morning change nothing went to that that -- -- -- that for two years.
Well what's it like he wanted to make some changing congress voted it down so what really just needs another four years roll over to get it done.
I mean I I well I figure being awfully harsh -- suggests that many on only two years maybe he needs another four.
He was a very good candidate he has not been a very good president so he's decided to give up on being president because that's tough it's gonna go back to being candid again let's start off -- it's sort let let let's go get often -- we're cause that's a lot of fun to.
-- and then again it's campaigning it's not governing.
It is in May -- and may not be but we've learned a lot more about Warren Buffett's secretary than we ever dreamed we would either need to know or want and perhaps want to know now.
-- the buffet rule too it's gonna be taken up next week.
This this administration just keeps common -- doesn't doesn't.
It -- now.
Warren Buffett said he wants to wanted to pay more in taxes and speech -- Republican congressman from Louisiana.
Introduced legislation -- that on the 1040 statement from now on.
-- a little -- -- that you are lax and if you'd like to pay more like Warren Buffett at a right here like a cap on -- Amex card.
And send in your money or -- so there's going to be a Warren Buffett line if the house representatives has their wecht.
What Obama means by -- Warren Buffett line which is after you pay taxes on income.
After you invested in a company and they pay corporate income taxes if you get a capital gains they're gonna -- the third bite at the Apple's not 15%.
But 30% -- Warren Buffett's idea.
-- -- -- -- idea it's an idea that is.
None of them being met with -- great enthusiasm.
And many quarters certainly.
Of one of the things people are focusing on is the end of the the the bush tax cuts that expire at the end of this year that even if you have Obama is not reelected.
-- what's likely to happen here.
They could expire and they are perhaps likely to expire.
-- what do you judged to be the the fate of those tax cuts.
Sure we look ahead.
After the 2012 elections the Republicans should hold the house comfortably.
I believe they're Republicans or capture the senate they only need to gain for seats in 123 Democrats -- -- -- -- of that -- horrible.
The -- you're gonna have to you know take up the the 113 congress.
-- won't convene until the until January of next year -- What he'll do go in early January as soon as the new congress is and that those -- Republican president.
You will go out true.
Didn't actual legislation for doing a budget reconciliation.
And with 51 votes you can extend those tax -- out.
Several years -- -- so we that we get -- the bush tax cuts lapse and you've got it -- -- Grover -- -- always good to have you with us thanks so much thank -- -- now.
Filter by section