Also in this playlist...
This transcript is automatically generated
Debt joining me now president of Americans for Tax Reform Grover Norquist.
Either planned or we gonna are we gonna find -- -- someday that's going to actually make debt debt clock go down -- about.
Yet the good news is that Romney and Ryan have -- the plan the Ryan plan which actually passed the House of Representatives in legislative form.
Has the support of the Republicans in the senate if Romney's elected with a Republican congress to pass something -- looks very much like the Ryan plan.
That -- spending down from 24% of GDP down to 20% -- GDP down to 16% of GDP.
As you reform our welfare systems by block granting them what Clinton did do one welfare program this talks about doing with seventy different now.
Don't know well give the states the money -- say you guys manage it out there and that will save the federal government money but -- against you -- here's the money it grows with inflation but not faster than that.
And here's the money without strings so the states have more flexibility they'll save money the federal government doesn't have an unlimited commitment -- -- It saves money.
And people get off welfare dependency because states are able to help people who need it and encourage people can't get off welfare dependency.
To dish up -- tell.
That reform actually brings you to a balanced budget.
And begins to pay out the national debt.
Without raising taxes but that -- one but you're assuming that that there's gonna take Republican control -- -- so yes but they have had a plan.
Obama gets reelected and sits there and says I'm not -- and anything then we have a 500 billion dollar tax increase in.
56 days after the election right.
And you have a massive tax hike because he wants to raise.
Top marginal tax rates on small business he said that he says not vetoing any bid in fiscal cliff bill but unless it raises taxes on the well put it.
And sense if you wanna pro -- policy you wanna take all rates down he's.
-- Opening the door to raising taxes on all Americans which well but then it will come back -- is still mean Republicans that are -- in this getting.
Our might -- they tried that two years ago and Obama folded completely in 2010 -- extend all the bush tax cuts up for two years.
Then in 2011.
He's -- Huff and puff until I turn blue and the Republicans had run two and a half trillion spending cuts and he said okay give up.
Show twice we faced down Obama demanding higher taxes twice the American people and the Republican congress that we're not giving -- higher taxes to pay for your bigger government.
Twice Obama has fold it.
Why would you think it's different the third time.
Well vice president Biden.
Who -- your name in the vice presidential debate.
Talked about you Grover but not in a good way let's listen.
Aniston signing pledges to Grover Norquist not to ask the wealthiest among us to contribute to bring back the middle class.
Should be signing a pledge saying to middle class for a -- the playing -- What about that what your response to the vice president well what he's referring to.
Inaccurately is the taxpayer protection pledge which is a commitment in writing.
That elected officials can make to their constituents not to me that she missed speaks but to the American people -- -- I won't raise your taxes.
And you have 95% of the Republicans in the house and senate have made that commitment in writing to the American people a number of Democrats have as well not too many -- They've made this commitment in writing to the American people this bothers Biden because.
Biden and and Obama spent a lot of money then they turn to the Republicans said we spent all this money why don't you help us by raising taxes -- and should know.
We are not raising taxes we've made a commitment to the American people that we're gonna rein in spending.
Not raise taxes but so he's he's a little unhappy -- but also not accurate in describing the pledge.
What you go back Bowles Simpson races tech doesn't cut spending the problem with all of that has been -- -- I want you to know you know the history.
Was said -- President Reagan was also involved in a deal where raise taxes cut spending.
The taxes went up but we never got the spending cuts.
-- Reagan -- shouldn't be -- be three dollars of spending cuts for one dollar tax increase tax increases went up we're still paying them and that spending cuts never happen.
Eight years later they went to George Herbert Walker Bush who watched Reagan get taken.
And they want to haven't said here's what we'll give you two dollars of -- spending cuts for everyone dollar of tax -- that's just insulting.
-- had cheated I didn't ten dollars of the matter spending cuts for ground out a lot of that you gave Reagan three imaginary spending cuts why do you bush to -- to insult and you're cheaper date you can be happy.
Always -- is that is that history still alive in Congo where they remember that they go we were snookered before shame on us but if we do it again.
If you read Simpson -- the only numbers and Simpson -- apart from the page numbers that matter are their demand that we bring taxes from eighteen and a half percentage GDP.
Historical average last thirty years to 21%.
That edge two and a half percent of GDP increase in taxes every year into the future.
Over a decade that is a five trillion dollar tax increase five trillion dollars and actually sometimes -- had about one -- Paul Ryan tells me the one trillions on top of the five -- and but the five trillion is their bottom negotiating -- -- massive tax and the spending cuts they talk about.
Obama included none of them in his budget.
Not so we know that the Democrats like the tax increases and none of the spending cuts there's no DO its imaginary.
And if you did it before why don't want not tried again so I can understand but let's let's get down to our latest round Lucy football.
I don't -- at -- -- try and death.
So we've got to do candidates we know we know President Obama has been saying for a long time he wants to raise taxes on people making 250 and above the millionaires and billionaires to -- about -- Brooke but what's the difference if your if if if if the -- Mitt Romney takes away your deductions or capture deductions.
For the wealthy that -- -- it seems to -- their taxes are going up either way.
I got two things what -- talked about it with Republicans are put on the table in terms of economic growth in the policy forward.
Is they want to raise revenue by having more people working.
At this point in the recovery Reagan had ten million more people with jobs than this for this week recovery house.
There -- paying taxes more revenue came -- not a tax increase but more revenue.
If you grow the economy 3% a year instead of 2% a year.
Over ten years that raises two and a half trillion in taxes.
That's revenue and -- tax increase actually lower tax rates gives you more growth gives you more revenue over time.
That's the proposal that Romney and and Ryan and the Republicans put -- big difference between a static model.
We demand higher taxes and by the way Obama's old promise has been superseded the old promise won't raise any taxes on people who are less -- 250000.
Dollars a year broke that twenty times during his presidency so far.
But the new promise.
August 86 times cents Grand Junction.
I won't raise your income taxes.
Next year two caveats.
Nothing's as you can have a that message that you can excise taxes just the income tax and by the way in January 1.
Year on -- on there is no promised the American middle class from Obama or Biden.
After next year they've changed their pledge limited to a year.
That's why they've never made the bush tax cuts for low income people permanent because they have no intention of allowing them to be permanent for anybody.
Filter by section