You're watching...

Gov. Scott Walker on Government Spending, Taxes

Details

  • Description

    Gov. Scott Walker, (R-Wisc.), on the need to reduce taxes and cut government spending.

  • Duration 5:59
  • Date

Clips

Also in this playlist...

Taxation

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

-- of the bush tax rates that it bullets fired the end of this year.

What would you do well I'd look back even further that I look back to August 1981.

When President Reagan out of the -- signed into effect the economic stimulus act of 1981.

You can look at that slashing of the marginal tax rate they did back then.

Put more money back in the hands of small businesses more money back in the opinions -- not dupers.

More money -- -- it is -- -- -- that gives them a sense I think you're -- stimulus that we saw the longest sustained economic peacetime peacetime.

The economic growth in American history during that time Democrats say that's where all the deficits started soon with a deficit started because after that they didn't do anything to rein in government spending.

That that's what happened your two after that as you saw.

And remember -- -- the unemployment rate was higher than it's been even during this recession people forget that they talk about it.

As -- that this is the worst ever know he was worse off in 1982.

And we saw the success of that -- at the -- of 81 which was fully enacted -- 82 by by the middle of of the eighties back when I was still a kid.

I can remember though I was inspired just like Paul Ryan and others were to go into public service because we saw.

The eternal optimism the pres.

We don't heading into our hands are tied unlike -- course the president President Reagan.

Didn't have the deficits that we do now going into that on now we do and on many argue -- But would David socked in for example of of the Ronald Reagan's former budget director said there isn't the financial ability to do that.

Well they get that's if you haven't no growth wants -- to me ID I talked a doctor -- a lot it was a part of Atlanta Laffer Curve perret Ronald Reagan's.

-- the -- and for running in and doing enacting net tax cut.

If you have a pro growth did you which I think we've got to grow not only for fixing the budgetary issues if we wanna continue to do leader of the free world a generation out.

We've got to pick up GDP growth and you don't do that.

The limited hint of what about the -- that.

Maybe America's best days are gone auto by the time -- -- in the rose that our GDP as a percentage of our population.

Was falling when numbers I think.

Think back in the eighties that's the same kind of respect and projected out to Germany and in Japan we're gonna overtake the United States -- generation later.

A generation later -- wrong.

That's because we inspired -- -- the Bill Gates Steve Jobs.

All those folks who said you know what we're gonna be innovators we're gonna move this country for -- -- our business is forward.

That's precisely why you've got to put more money back and enhancements at the small businesses that big dreams about growing up there you can't do that by -- flowing through a tax code that's too high.

You can't do that by stifling entrepreneurs it is.

Later -- larger lower taxes so we -- we Texas deregulated litigation they're under -- -- when Bill Clinton was here the other day.

And Barack Obama nationally hasn't been as you said.

So that's is the same all -- be -- same old tricks that's all Republicans.

What's your work -- why would you need to change something ever worked well because the president says with George Bush it led to what ultimately would be -- -- -- well again.

That part of the reason why -- and -- it -- at the end of that tenure I don't think enough was done to rein in spending.

You gotta do hate to hear that -- We lower the overall tax -- here in the state -- -- -- we -- property Texas for the first time in twelve -- -- to do even more in the future to help small businesses grow.

To help individual families grow to help consumers growth there which you also got to do things that rated spending they're not doing enough of that Washington.

That's been driven by Democrats but a lot of Republicans of fortune the past have been party to that as well.

I think Americans just like they're -- here Wisconsin.

One -- to have a balance reasonable approach you do that by putting more money in the hands of consumers.

More money in the hands of entrepreneur and small businesses that want to grow.

And ultimately living within your means my grandma always taught me it was a -- bought on credit was the mortgage order form.

Was you don't spend money don't have we've tried to do that here was -- we desperately need that to be the case in Washington.

Governor -- enable very crazy scheduled today -- just wanna get your sense of if you survive this and win this take this.

Union chieftains of artists that you have a mark content that they will never let go.

They will be like -- -- you know what tables follow you.

No matter where your career takes you and make quite an unending -- -- about.

-- sometimes at the price of taken and courageous stands to move your community your state this country forward.

For eight years I was the first and only.

Person elected is -- executive -- county not just a purple but a very blue state community there blue county.

And you know let people said after -- first elected ought to fluke he -- -- 54% he'll be gone once people see our government's.

Was elected with 57% the next time -- 50% the last time because of moments of crisis I think people want not just Republican or Democrat leadership they just want leaders.

Haven't does that trouble you and I said that was listless Nightline a couple of you'll always have been underestimated -- people dismiss you -- it's a large don't take answers it.

If you win here and in that they can't say that anymore so they can you know in other words soft selling at that you you know.

Beat the dismissive attitude won't survive and that could actually work against him whether that's -- surprise on the upside.

Right.

What was it that there's been plenty of all that is about to under promise over perform in our case -- -- built a career on it well was.

We make bold promises and we we -- exceed those problems I think that's what people want that's what they expect but that's way big gotta be willing to take risk.

Particularly political risks to do what you know is right it was just a what's gonna would displace more people ask me all throughout this.

You know what drove this who who know what was the brainchild for all this -- this all come from.

As -- -- supports two things that counts.

Was my two boys and for them and every other kid in grand -- in my state -- in this country.

I want them have been here at a better state and a better country who want -- -- -- -- every day when stay focused and that I don't what everything else can afford by the way.