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And making these cuts that create jobs -- not.
Proposing these -- to -- down the deficit.
Governor Romney's proposing these cuts the pay for a new five trillion dollar tax cut that's weighted towards the wealthiest Americans.
-- the president in Ohio today cutting down Mitt Romney -- a group of 500 economists saying that the president's economic plan isn't cutting it at all.
Former treasury undersecretary -- -- is one of those 500 economists.
And spells it all out now it carries some have John when guys I yell and -- host of others stand by -- Romney plan that is yet says that's it to really be enacted.
But you've heard the president's argument in the economist support who support him.
They're going back to tax cuts and that sort of thing won't do it because that's -- goddess of the pickle where it what -- you say it.
By the -- is wrong we had a very slow recovery unemployment stays high because we've had these kind of short run.
Stimulus programs threatens.
Of higher tax rates and and really not dealing much with a growing debts the the -- program tries to reverse all that tries to.
Put in some really good strategic plans to reduce the debt and its serious way to get tax rates down.
To deal with some of these regulations then that we think it's gonna.
Cause economic growth to pick up very soon.
John -- you would -- be your fellow economists sort out the immediate.
Tax hit -- right -- I agree with the view that that that tax that stupid revenues Ronald Reagan proved that George Bush showed the second early years proved that.
But -- that gap there between the revenues coming -- and the tax cuts going out.
Is a deficit order or in other words it there is that there is this drop off in revenue coming to Washington.
How do you address or how will a president Romney if it were to come to -- address that.
We're just two things one is we've had this really it is explosion of government spending specially is a -- GDP.
So part of his plans to bring that down to where it was before the crisis began if you do that you go long way to balancing the budget.
Plus with the tax reform that is lowering the marginal rates and and broaden the base.
Appropriate -- provide growth in revenues will increase as a result of that so.
The plan hangs together in terms of stimulating the economy in dealing with the deficit and therefore dealing with the debt.
You know I hope springs eternal and I always said -- -- unit's uncertain at this before that.
I blame Republicans and Democrats -- the bestseller and I take him.
They were hardly conservative when it came to spending.
When they were in power Democrats of course -- steroid did on top of that.
So I think there's enough blame to go around I think you -- -- -- veterans that there -- So when I hear another Republican this time say.
Well I'm gonna get a handle on that I excuse me for being a little cynical and wondering whether there will be -- -- to cut spending.
When even these automated.
You know -- sequestration cuts.
Are looking Dicey and we find a lot of those in congress who voted for them and accepted that as part of getting a did a deal last year.
Are trying to reverse that and and get them out of the way.
I don't see -- resolve what what he said.
Well I think you're right to be sceptical I think American people want -- wanna see it change -- He's not one party's gonna be responsible for all of this has got to work together but what's very clear now is what we're doing hasn't been working economy's weak.
That's growing and so you need to have a change and it's a clear difference between.
The proposal the platforms.
Governor Romney's out there with the for the plan to deal with this he has a way to put -- in the place.
But you gotta focus on that and there is the other side doesn't have that kind of a plan so at least there on the have a good choice to make in this election and hopefully.
Good choice have been made right we'll -- the move ahead on this new plan.
-- will watch closely secretary always a pleasure thank you John Taylor one of the 500 economists who are backing the Romney plan.
We'll see which can.
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