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Author Mike Reagan discusses how Mitt Romney can make his tax plan more like Reagan’s late father’s.
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President Obama says he's like Ronald Reagan when he pushes the Buffett rule that -- Mitt Romney.
Is I think he's acting more much more like Ronald right.
-- is considering getting rid of certain tax deductions and loopholes while he also cuts tax rates that is exactly what Ronald Reagan did.
Joining us now is Mike right.
But Reagan -- -- I thought this right it if Mitt Romney.
-- some loopholes like the mortgage deduction for second homes and state and local property taxes and income taxes if he cuts those deductions and lowers rates that's flat out Reagan excusing it.
Yet that is cricket because debate broke above -- -- this year got she's become Irish the last two years now he's reaganesque.
Trying to tell us to Ronald Reagan would support his positions.
I mean this has gotten to be an absolute outrage this -- can not be himself but you're right about Mitt -- That is more Reagan -- but Mitt Romney needs concentrate on how he's gonna create jobs for the working class people this country.
I just wanna run a quick SoundBite if your dad about.
Tax cuts and wondered what that rule about rolled.
Marching in lockstep with the whole program of reductions in spending.
Is -- equally important program of reduced tax rates both are essential if we're to have economic recovery.
It's time to create new jobs to build and rebuild industry and -- give the American people room to do what they do best.
And that can only be done with -- tax program which provides incentive to increase productivity for both workers and industry.
And that was from February 1981.
You'll dance first State of the Union Address what you know what strikes me.
Is not so much the ideas that he's talking about but the -- far -- in his voice with which he speaks that's what strikes me -- Or the authority -- the authority would of which you -- but the same time.
It -- today so much of what Ronald Reagan said was 1961 socialized medicine.
That speech February of 1981.
Everything will play today.
So these was -- somebody in this time but also ahead of his time.
Mitt Romney would do very well the will -- speeches and understand or Ronald Reagan was in fact coming from.
Mitt Romney's got -- make us believe as Ronald Reagan made us believe.
That we could go down that road while Reagan did and -- held to his guns and he turned everything around and by 94 for that election.
You know the economy was back rolling.
And of course he won that 94 election in a grand a landslide.
Now what's your opinion of the Romney campaign.
Because we heard this reports that governor Romney had.
Suggested to some donors that may be he would be cutting loopholes and lowering tax -- may be tax reform was out that.
But he's cannot -- what he didn't copyright -- -- yeah I'm gonna do it you know I think that -- Don't get -- caught up in the minutia.
That your always intrigued questions about these little -- future having keep it simple -- Reagan kept it simple.
He was easy to understand.
And that's -- Mitt Romney's got to come from -- this otherwise the Obama campaign.
Will keep -- so all mixed up in answering questions about.
Those government -- ownership within his policies he'll never get to what I want.
To talk about you know on the program this morning we've been talking a lot about the Postal Service -- critic of the Postal Service told is that over the next ten years.
The service would lose 200.
Billion dollars.
So would you open mission -- I just wanna go back to you -- data again from that same state of the union speech February 1981.
What he said.
About the Postal Service thirty odd years ago -- it.
The Postal Service has been consistently unable to live within its operating budget.
It is still dependent on large federal subsidies.
We produced or propose reducing.
Those subsidies buy 632.
Million dollars in 1982.
To press the so Postal Service into becoming more effective.
Any comment Mike right.
Yeah but you could do that with anyone I mean look at GSA which yesterday -- having hearings on Capitol Hill.
You go you can go across the board in Washington DC.
And find problems and cut every place -- finishing that we're not talking about cutting government.
The fact the -- and Wall Street Journal talk about about a week ago if you cut just 1%.
Of spending.
Out of all the government program you're gonna save what 33 billion dollar this year but one of the major problems we have Stewart is because of the nineteen -- before.
In column and act that was passed by Democrats senate and house it requires the government to spend every dollar.
-- in fact allocated by the congress United States and the -- the United States much spend it.
And if he doesn't he could be taken to court -- Reagan was threatened with court.
Two times by Democrat controlled senate.
And house for not wanting to him pounds or one -- the impound money that he felt was going to be a budget.
Buster -- need to do something about that law if they're going to ever reining in Washington DC.
Might reckon the voice of reason from California thanks for joining -- Michael always a pleasure thank you.
Thank you.
