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Respect in session today and the most pressing issue they face is ballooning fiscal cliff at the end of the year.
When nearly half a trillion dollars in tax hikes hit.
Impacting every single American's household for how it'll affect you -- my brother northwest.
President of Americans for Tax Reform -- welcome back to the show always a pleasure to have you here.
I would -- some numbers from The Heritage Foundation about how much is gonna cost because I don't think you talk enough.
About how people are gonna get hit by these taxes take a look at this list so family is we'll see -- for at 4100 dollar tax hike baby boomers 4200.
Low income workers -- gonna see a tax -- to 12100 dollars mil in sales 11100 retirees and an even get socked here.
In the time that we started doing something about this and stop talking about doing something about this.
Well the Republicans in the House of Representatives are putting forward legislation to extend all of those disappearing tax cuts.
For -- year and hopefully that will allow congress next year the opportunity to do real tax reform.
That's what rob did the Republicans say they wanted to do so -- path forward is if the Republicans with the house senate the presidency.
They'll extend all the tax breaks for a year and reform taxes from their revenue neutral.
That's their game plan ahead what about that -- -- much do is allow the -- collapse.
Doubt that he whatsoever that -- continue it's possible but here's the challenge.
He was president states for three years down he was -- here -- states for two years with a democratic house a democratic senate.
He never extended any of those tax cuts permanently.
For anybody so the idea that he really wants to secretly do it for -- people.
That's not what he -- He had power.
Are right -- your questioning is motives here I understand.
I wanna talk a little bit about Jeb Bush because your questioning the former Florida governor's motives he's talked about why don't we have -- suggested that maybe it would make sense to have.
And tax reform.
What do you say to some kind -- blended program at this point.
Well of course that's the Democrats above it read keep asking the Republicans to -- get a -- with a marked cut -- Spending and raise taxes that happened to Reagan in 1982.
Taxes or race Betty did go -- it went up.
That happened at ninety died needed -- Jeb Bush's dad.
He walked down that -- proud -- is two dollars.
Spending cuts for every dollar tax increase as they but -- -- the Alley they took the tax increase is there word out spending cuts.
Every time that the Democrats is that while that we trade spending cuts for higher taxes.
The higher taxes are really permanent.
Disparity gets Deborah happened they -- to operate.
The reason why the Democrats what higher taxes is to spend it so why would they trade -- tax increases for spending cuts that's crazy talk.
Let me ask you this this is one of the questions -- come up time and again with what's going on in Europe right now on people really focused on this issue and I think -- bring some clarity to it.
Leaders they're saying hey look we gonna have growth policies we're gonna have spending because our economies are doing so badly.
And you look at our economy it's not going gangbusters -- And there's a lot of people out they're saying look what you need is spending spending on infrastructure spending a higher police and firefighters and cops at the state level this is the Obama.
-- you're right now what's wrong with that logic.
But that's what Europe in Greece and Europe did.
Tax itself had to problems but it has tax but it sped to -- south -- the problems their taxes are too low they're spending is too high.
We see this -- United States within the fifty states.
Those states that sped to -- are losing population.
They're raising taxes to pay for the higher spending and people leave states like California and New York -- -- -- -- excessively high.
Taxes and they go to states like Texas and Florida with.
No income tax whatsoever what Europe should do is have lower taxes and stop spending except much.
There are bottom there about his future higher taxes -- higher spending.
It's what doesn't work.
Well that we can go on and on -- love having you on the show and -- do you feel better -- on take care as well eulogies at except.
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