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Vice Presidential nominee Rep. Paul Ryan on Obama’s economic policies, efforts to reform the tax system and what is needed to boost the economy’s ...
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Her that bucks the ugly trend as we mentioned that's -- today the S&P up 3.5 percent for the month but economic woes persist in the US.
You -- know that we have had a very long stretch of unemployment that's above 8%.
43 days until the 2012 election which side is going to capture your belief that it is the answer to our problems.
We're getting between now and then both sides on many levels but first let's go live to -- -- -- who's standing by exclusively with the Republican vice presidential nominee.
Representative Paul Ryan -- take -- away.
It ended facelift in the chairman of the House Budget Committee chairman -- thank you so much for joining us today.
You look at the president's numbers 8% unemployment you look at what he's -- signature proposals of his of his administration unpopular healthcare law -- many -- Some of the other things he's done.
How are you guys knocked up big in this one running away with -- well look we're running against an incumbent.
And he's trying to do everything you can to distort distract the country to win by default to distort what we're proposing.
Look the Obama economic agenda failed not because it was stopped but because it was passed.
-- -- Mitt Romney and I are proposing are very specific pro growth policies and designing its economy drawing.
If people back to work get people out of poverty back on a path of self sufficiency to middle class.
And we're going to the country which is very clear choice this is going to be a choice election.
Where they get this side.
You want the Romney plan which gets pro growth policies it's government limited -- means prevention debt crisis.
-- people back on track or more of the same for years what pres Obama's giving us 15% poverty rate.
Unemployment above 8% 43 months point three million people coming from work and given that current polls there's something that you have to achieve your message you know your -- governors -- -- -- like to see.
A little bit more of Paul Ryan of mold on the campaign trail -- something that you specifically Scots didn't what do you mining he's always is can be a big backer of mine.
At the final analysis when people see that very clear choice that were offering the contrast of two different visions I think we're gonna be fine you know why.
Because president Obama's not working.
He's still leadership he has chosen not to tackle this debt crisis -- -- through partisan one size fits all government takeover of health care.
He's taking over essentially the financial services sector with all these regulations -- stifling energy creation -- -- regulations.
He's promising huge tax increases in January.
That would just give us more economical -- is the worst recovery since the great depression and it's 47%.
Stock to be right person much of what what is it down.
The 47%.
Is it the government is -- a change in the American fiber.
To an entitlement America what -- -- here's -- point we keep trying languages because of the stagnant Obama economy.
More able bodied people are dependent upon the government because they have no opportunities in this economy.
What made an iron trying to do is say here are the ideas to get growth to get jobs -- So that workers can have job security and -- take home pay and here's how you get people from dependency.
From welfare -- you back to work we should not be measuring our safety net programs in the success of them such as food stamps.
I how many people go on these programs we should be measuring the success how how many people we transitioned from these programs.
Back to self sufficiency back to work.
And that is not what we're getting from the Obama presidency the president of all of the other day himself Citi can't change Washington from the inside.
Isn't that why we elect presidents.
He can't change Washington that I would say we should change presidents and -- Mitt -- -- -- are offering her very specific pro growth solutions designed to get people back to work.
From poverty backs of the middle class and -- take home pay more prosperity and we're not gonna let a debt crisis take this country down.
Like what is happening in Europe president has done this issue and I'm afraid if he were to be reelected.
We would have four more years saying let's look at taxes briefly governor Romney really Smart his tax returns high he paid about 14% and he could have paid.
Less than that.
Should he have paid more and I don't -- should he have sent a larger checks the treasury -- under a new tax system in this country would you like to see.
Folks like governor Romney have fewer tax deductions available.
You get that that is the promise on making so I'd say three things number one -- and it's tax returns tell us he's he's a successful businessman.
That's a pretty good thing I think having this kind of experience we -- number two.
It's a very generous man he and and -- are very generous people they believe in civil society believe in helping through charities number three.
Our pro growth tax reforms -- to lower tax rates for everybody.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Higher income people can use lots of tax shelters to shoulder some of their income from taxation.
Close those tax shelters more -- income subject to taxation.
That allows a lower tax rates for everybody.
This is a secrets economic success it has worked it is a bipartisan idea.
Ronald Reagan and Tip O'Neill did this in 1986 is precisely.
What Mitt Romney and I are proposing today.
And there is a chorus of Democrats Republicans to agree with us just President Obama.
Lower tax rates by broadening the tax base and yes you can have a preference is for middle income taxpayers.
-- secret here to get our tax rates down because that.
Triggers economic growth and on the corporate side JCT system gets 25% you gotta get rid of a trillion dollars for the deductions -- ten years.
Prepared to do that if so what we're saying is -- point 5% a corporate tax rate was what we call -- territorial tax system.
Which -- -- much more globally competitive fights were cheesy T for years and very familiar of the modeling at.
Don't actually agree with a lot of the modeling.
But we really believes.
We can trigger.
Economic growth revenue you know revenue neutral tax reforms we're talking about what we believe we get these tax rates down any more competitive and simple tax system.
That would trigger an economic crisis we think we get about seven million jobs alone.
From these pro growth tax forms those -- the things were going to do president Obama's promising more loopholes in higher tax rates.
That kills jobs actually it's estimated that it will -- 700000 jobs because Obama's tax increase occurs in January.
Chairman Paul -- thank you very.
