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Rep. Henry Cuellar, (D-Texas), on the president’s plan to increase revenue and lower debt.
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Now -- Obama plans to raise taxes on corporations and the wealthy.
One point six trillion dollars over the next ten years that would be by the -- double.
The 800 billion tax read write that speaker Boehner and Republicans offered the president does best solution to avoid the fiscal -- couple years ago.
Joining us now is congressman Henry -- He is a blue dog Democrats he is from Texas is what's known as a moderate Democrat so congressman I have to ask you.
-- you in favor of a huge tax increase in a very slow economy are you gonna vote for this -- Well well again we don't know exactly what the president want to do except that he wants to.
Look at one point six they trillion dollars what I what -- he is -- certainly wanna keep the tax rates low.
Low as much as possible so we can go ahead I'll read our economy -- thought that they don't.
Let's let's go let's hone in on this come on congressman you're you know what I'm talking about -- do you wanna raise tax rates on the up the top 2% of income unless you think that's a good thing at this point in the economy are you gonna vote for that.
Well.
I want to see a grind DO what we put everything on the table and we know what that president want to do.
Some of us conservative Democrats wanna see some -- a bit more moderate.
We know what the Republicans want to do I think we need to go to the table put everything on the table and negotiate.
We'll start off with a things that we can agree on and then make sure that nobody take out both profit -- We're gonna but you -- -- a blue dog Democrat.
-- from texts -- -- moderate gone yet not a flaming left wing you know I -- -- -- -- on this program many many times so come on answer the question.
If push comes to shop and you'll presented with a measure that says right.
Income tax rates on the top 2% go ball straight off you gonna vote for that.
About I gamble gave the answer in a different way of president Lincoln once said.
You don't help the poor by turned down the rich.
You don't help the workers by paring down businesses so again I wanna find a -- way of trying to work an agreement everybody has put everything on the table and let's negotiate a look.
We just reelected a man of the left.
We're gonna get more of the same we gonna get -- -- taxes.
Promises to cut spending down the road whether they'll be fulfilled or not we don't know at a rapid rise in the debt as a moderate Democrat you they would.
That but as a moderate Democrat we gotta keep in mind what happened we cut one trillion dollars.
Back a year ago we agreed to cut another one point two trillion dollars yet there is legislation just above eleven -- -- persistent budget you know.
Yes but it's an art -- January 2 generate artist when this interest rates income said.
So you're talking about 2.2 trillion dollar cuts over a period of time this is what Democrats and Republicans agreed on.
-- -- -- You would agreed on 2.2 trillion dollars in actual costs but bastard that was operation would try to avoid that would negotiate to avoid that -- -- Well its cuts and I prefer that we agree on that cuts instead of the sectors duration but we agreed.
On the sickest patients -- we can get everybody to the table and I think this sector straights and and the George Bush tax cuts are gonna expire I did vote in August to extend the George Bush tax cuts.
Back in August just a few months ago -- OK and what -- given your druthers you would like to see all of the George Bush tax cuts tax cuts stay in place among right.
That is correct but I do wanna see a grand deal look at we -- congressman Henry quite out.
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