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Former CBO Director Douglas Holtz-Eakin and Americans for Tax Reform President Grover Norquist on why the health-care law will lead to higher taxes an...
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I'm watching this protesters today and we're talking a little bit about what's going on in front of the Supreme Court what the conversations are.
Joining me now former CBO director Doug Holtz -- And Grover Norquist from Americans for Tax Reform welcome back guys so I -- -- start with something the president had to say.
A promise about taxes here's the president.
If you make under 250000.
Dollars a year.
You will not -- your taxes be increased by a single.
Your income taxes not your payroll taxes not your capital gains taxes no tax.
Because the last thing we should do in this economy is raise taxes on the middle class.
-- pledge to cut the deficit in half by the end of my first term in office.
My administration is also begun to go line by line through the federal budget.
In order to eliminate wasteful and ineffective programs that it all up.
And the plan I'm proposing will cost around 900 billion dollars over ten years.
-- let's go to the promise about middle class taxes sure false.
The president's statement is not true he was seven.
What the president did this she's the last most recent a long line of people -- practiced trickle down taxation.
They promised like the Alternative Minimum Tax 1969 but it -- -- 115 million rich people.
And starting next year -- hit thirty million plus Americans.
The personal income tax is gonna hit two or 3% of the population now hits -- half the population.
The tax to pay for the Spanish American war.
Over a hundred years ago -- he looks like -- To tax the rich they gets everybody they get to everybody and you see more of that coming.
Of that the that there -- at least eight taxes directly heading lower middle income people in obamacare never -- the indirect taxes that -- We'll actually lit up again from -- different that even -- that Cadillac tax in the -- must be -- -- the Cadillac tax is going to be paid by middle income Americans.
-- I also wanna talk a little bit about Nancy Pelosi because she's also open mind on obamacare here is something of a famous quotation from -- people I think.
We have to pass the bill so that you can and then find out what is in it.
Away from the bulk of that controversy.
So -- that father was at just -- -- inability to read the 17100 or so.
Pages of them I'll probably little both remembered -- she also described the lawsuits that were WorldCcom filed against Obama care as frivolous and would have no chance and here we are.
In front of the Supreme Court to hear that.
The verdicts in the near future so.
This was bad legislation as legislation that was.
-- -- for foundation and rushed through the congress.
As -- point out its structures driven by politics not by the needs of medical science or -- -- good public policy.
And even when you gotta -- like that you don't want people reading and indeed the more people read the less popular has become.
And plug in Obama and -- and -- she knew that Obama when he ran for president said that all of his legislation would be negotiated in front of seaspan.
Cameras.
And then for the fact Obama -- was cobbled together in -- basement.
With a lot of interest -- parties there are not including Khatami's.
Patients -- taxpayers.
And they didn't -- people looking -- if they believe that this was a thing of beauty they -- wanted it looked at.
Instead they wanted to cobble together they wanted to passed immediately they wanna know national debate.
And the more people look at it the less popular -- -- Well we certainly in the polls so far I wanna talk about the mandate that's the top of the Supreme Court will consider tomorrow the individual mandate.
Can congress compel individuals.
To buy a product a service and then if they don't.
Fine -- tax them first of all the debate over whether this is a penalty or attacks what do you make of us the.
Democrats said it was a patented led -- not a -- when they're trying to pass it through congress -- it was attacks it was a massive tax on.
Lauren -- and middle income Americans felt wasn't -- tax when they're passing it through congress.
Now they're in front of the Supreme Court saying it's a tax because -- might well be unconstitutional but attacks would pass that test so they've changed their mind.
Themselves a couple of times death -- -- -- bad economics as I mentioned earlier this this doesn't solve the problem government claims it does dangerous precedent that the notion that.
About commerce can this possibly not buying something -- I don't think.
It passes a common sense test that you -- Americans is this constitutional nearly three quarters gonna say no can't be I'm and one would hope that the Supreme Court was -- that -- I wanna bring up something -- -- the independent payment advisory board this is really the cost control.
Of the entire mechanism some people call -- the real death -- is a group of unelected bureaucrats are basically gonna decide.
What kinds of drugs you can take.
What kinds -- treatments are gonna be available to you.
You know regardless of what happens with the Supreme Court it seems to -- iPad is the important thing what do you make of the -- -- the.
The only part.
Obama care that keeps.
Cost down.
Is the rationing part of that everything else -- -- regression across this question structures without rationing there's no way to limit the cost of this at all.
And that.
So what they do in Europe and other countries right -- we cannot use their imaginations we've seen this before we've said we're gonna cut the doctors and Medicare payments much of the doctors say.
We're not gonna provide any services in the -- -- -- someone and they may undo it that's all I have is this just an elaborate mechanism that Texas we're gonna pay less.
-- -- -- -- -- -- -- Well then we're not providing services and it won't like it why they're not save cost pro ration care but he can't.
-- -- big debate I believe Grover -- thank you so much for coming and had a pleasure to have you here for two -- I feel privileged.
