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Author Mike Reagan discusses how the economy has changed since his father was president.
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Items in the political and economic debate in America today on tax policy and the whole levels to recovery.
President Reagan had a clear policy -- -- -- ago to get -- out of a deep recession.
He lower taxes drastically and the encouraged small business creation and -- Reagan joins us now might welcome of the program.
It looked everywhere you my question is this past the country changed that much we've been running sound -- -- this morning from your dad.
What he's basically saying an encouraging get out balanced -- -- a small business he was in coaching people to do that.
Contrast that with President Obama who says you didn't build that you need the government has the country change that much fundamentally.
I look.
-- to cut appreciate that much -- more people on the public dole now than there were back in the 1980s and that is sad so.
Barack Obama plays to that constituency that he has little.
And up.
Voting for him.
But you know you and I've talked about this before I mean the last thing Barack Obama is is a cheerleader for the American business people or for America Ronald Reagan was.
-- Reagan applauded success.
This president on issues success.
Boy whose success for the problems.
In the world today and that is what saddens me is the fact we have somebody watching -- see that in fact does not applaud.
But in fact punishes those people who are successful you know one of my business partners Tim Kelly.
There's one of the three people -- company was a disc jockey here in Los Angeles startled company -- Premiere Radio Networks.
Ended up becoming clear channel.
You know I started my radio talk show by driving -- -- 62 miles today every single day to San Diego and back together and on the air.
I had five stations for more tape delayed one was alive the one alive when -- Monday Night Football.
I was talking to no one for three hours every single Monday night after driving to -- 62 miles a call my mother one time.
-- and I should -- -- -- no money coming in I got two kids at home -- Sorkin Warner why do I just don't know what to do would she said.
I have a suggestion as to what's that mom she should shut up and keep driving.
That's after -- good story like it.
All right let's I wanna move on a tax breaks.
Because -- farm.
He set a patent for road to generations.
-- lower taxes -- get the economy going that was the Reagan message on taxes and it stayed witness but two generations basically thirty years.
Now all President Obama wants to raise taxes that his his hand answer to a economic condition and again I ask that is exactly the same come question.
Has the country fundamentally changed away from what they era of that the -- -- created.
And towards and a different era represented by Barack Obama.
I certainly hope that in fact they haven't change we're gonna find that out on November 6.
But you know again education wise in the media is actually changed it really is different today there was back in the 1980s.
Is so polarized immediate.
So people really don't get the story the fact it.
Never in the history of the United States America we raise taxes as the economy ever gotten better.
But when we of lower taxes ala John F.
Kennedy ala.
Ronald Reagan and others in fact the economy has in fact turned around it has gotten better for all all boats floated higher.
When Ronald Reagan cut taxes when John Kennedy's tax cuts with -- under Lyndon Johnson but you can't turn to let.
Dominant news anymore and get those kinds of storage instead they played the political game.
24 -- today you have a pure fear is republic are confused public and gonna find out they're still confused on November 6.
You're in California.
So is Disney we're Robert -- I got runs Disney.
We recently had an interview with the my -- -- colleague Melissa Francis with Bob -- go on Fox Business.
And we asked him about the level of cool front taxes his his response much.
We're not looking for corporations to get off lightly.
Were looking for corporations to be taxed fairly.
There -- a number of corporations that do get off lightly because they take advantage of loopholes.
That we believe should be close to what we're basically saying is not -- -- lower corporate taxes overall but change the system.
Now Bob -- go -- leans left he's a Democrat contributes to to Democrats he's in California.
I see that as a ray of hope because he is challenging the whole concept the structure of corporate taxation in America today.
I mean I'm sure corporate taxation has to change if you wanna bring jobs back United States America you need to change the corporate.
Taxation problem that we have the United States to American high -- of the corporate America.
Passes odd to you and -- -- in fact they they do pay.
And nobody talks about that knew it would interest me also as Barack Obama and left is never really challenge when they say.
You pay their fair share define fair share nobody ever asked them to define what fair share in fact this.
And we find out that in fact.
Were paid more than our fair share those of -- who make 250000 dollars a year or more but they play on the heart strings and those people who are doing as well.
Well if they keep -- going down the road that they're going.
Nobody can have that shot to drive to and 62 miles a starter radio show or start a premiere radio network.
Or what have you look at the laughed when they become successful ala -- book.
What do they do half moon turning their passport to leave the United States of America because -- taxation.
Mike Reagan always a pleasure what was imam said shut -- and drive a love -- shot up big can't drive and Mike thanks a lot we will see you again soon.
