You're watching...
Obama Using Buffett Rule to Distract From Deficit?
Details
-
Description
Sen. Mike Lee, (R-Utah), argues the Buffett Rule does not solve the deficit problem.
- Duration 3:07
- Date Apr 11, 2012
You're watching...
Sen. Mike Lee, (R-Utah), argues the Buffett Rule does not solve the deficit problem.
Also in this playlist...
Auto-advance: ON
Auto-advanceThis transcript is automatically generated
OK -- you -- about gets I don't know Mike Lee says the president is using its tax attack -- a well the other deficit distraction.
It's good to have the senator with me here hum.
You know you're like younger looking imports.
So what do you make of this all of a sudden now -- -- -- taken -- Reagan comment.
At a context.
We're continuing the war.
Are.
On the rich.
-- -- -- -- -- -- To what end is the right question to be asking because this doesn't solve our jobs problem this doesn't solve our debt problem mark deficit problem.
Doesn't solve the problem associated with increased fuel prices than seven million units column on the Reagan.
Well we've got lots of things to calm on and that's one of the many things that we are going to be calling him on over the next few days.
The fact that this doesn't solve any of the problems that are most concern to Americans Americans want jobs they want to be able to afford their way of life.
If they don't need a president coming in that and trying to divide Americans trying to pit one group of Americans against another.
In a way that's not going to solve anything that were facing right now and that's why we see this is a cynical.
Campaigned year effort.
Just to distract attention away from the fact our economy's really in trouble in part because our government simply too big and too expensive.
Is that an issue resonating now when you talk about a hiking taxes on the world's ads and this comes a week where we discovered that it's not.
Being done in the name of the deficit and debt reductions -- the name of fairness.
So won't really help the debt situation.
And then we discovered that even if you were to address it to the debt -- 47 billion dollars over ten years.
Chump change chump change.
And that you were talking about you know -- for five.
Billion dollars a year which is a lot of money but it is a tiny tiny drop in the bucket when we look at our overall budget when you look at our.
An annual deficits this is a tiny amount it won't -- actively change anyone tax anyone's tax burden not anyone's.
But what it will do what it very likely could do is chill exactly the kind of economic activity that we desperately need in this country investment people with money.
Putting their capital at risk so -- to create.
Jobs that it is an argument it's gonna be senator you know -- god.
Criticize me -- you want where we're often that from where we were when I came in office.
The numbers are improving.
On yet -- deficits of the -- that it was but I had to spend a lot of money to get us here.
Do you see any of that resonating.
At no I don't thing -- I think Americans instinctively intuitively understand.
That when you do this kind of thing when you -- one group of Americans against -- -- another and when you try to punish those who are in the position of being.
Or becoming job creators the -- cause problems you compound the problems you've got if the president wants us to continue on the road to recovery.
Then what he ought to do.
Is move toward comprehensive tax reforms simplifying our tax code.
Not making it more complicated and certainly not making it more burdensome on those we need to rely on to create jobs -- thank you sort of towards its.