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-- sent up today dot Texaco back to Paul Ryan's budget plan.
Just to tax brackets 10% 25%.
No more -- the repeal of Obama cat.
Does it get the nation's debt under control -- and all -- from Americans for Tax Reform.
From DC joins us now -- always a pleasure welcome back to the show -- -- against.
Did they were the all right you the rough outlines of the deal you know what Paul -- proposing geologic would you buy it.
Absolutely it's similar true that the legislation that Ryan put -- and was enacted was passed by the house represent us.
Well last year so this is -- second time the Republicans -- passed a budget.
This one takes five trillion dollars off of Obama's.
Accumulated spending and debt for the next ten years five -- and I characterizing it rise simplification.
And tax reform on the tax side.
Fewer tax brackets lower tax rates fewer deductions.
And entitlement reform in the longer -- a change in the face of Medicare is that how you would characterize it.
It reformist taxation doesn't increase taxation.
Member -- symbols was a two trillion dollar tax increase.
As tax reform this is real tax reform not a tax increase rates are down for everybody.
And real spending reduction.
Which is what you don't get from the other plans and of course there's -- the house representatives.
In the senate where they haven't passed the budget for three years.
We're going to have another year without a grown up budget so.
If this thing fails dead on arrival and I'm told it is dead on arrival.
We don't get this budget and we don't get any other budgets.
How close are we to the debt bomb that everybody's talking about.
It depends on what happens in November election if we have a different president and a senate.
That would -- to pass the Ryan plan this is a plan that will pass a year from now if the Republicans win in November.
If the Democrats keep the presidency.
Spending and taxes just keep drifting up actually.
As a five trillion dollar tax increase next January.
Courtesy of the ending of all those quite -- quite temporary.
Tax cuts led by the great over the next decade that a jump in if the Republicans do not win in November.
Pres Obama gets a second time -- -- after when does the debt bomb hit is that Tellme.
Which would we -- we continue on a slippery sliding slope and if Obama is reelected president.
There's no you turn there's no place where you have you turn it just gets worse and worse and worse OK what does it go -- I don't know.
We'll find -- hopefully we won't find out when people stop lending -- the money that we so desperately need I guess that's when the debt bomb hits on.
Time then and then you have to do something.
And right now.
Obama just wants to spend Mort wants us to raise taxes so we can spend more time Grover Norquist we thank you as always for joining us against thanks -- -- --
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