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Carbon Tax Suggested to Avoid Fiscal Cliff

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    Rep. Charles Boustany, (R-La.), on what is needed to avoid the fiscal cliff.

  • Duration 4:40
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So one of the idea of being floated as part of a deal on the fiscal -- to start taxing companies for their carbon emissions anyway why not let's just tax how lot of revenue report finds that a carbon tax could cut the debt by twelve to 15% the next ten years of course without raising anyone's income tax -- -- the companies can get -- -- -- Just passed them on to the consumer dot then -- -- it out thing.

-- here for more and it says Charles this Republican congressman from Louisiana member of the house Ways and Means Committee.

Sorry for the sarcasm I'm getting a little stated this evening.

Do you what do you what do you think about the fishing -- -- -- get ideas there's a solution.

That's a dead issue that's not even under consideration.

You know we need to do tax reform.

The lower rates across the board from where families I don't -- -- raise taxes on south Louisiana families are American families I can tell you that.

And if we don't deal with this fiscal cliff.

The average -- gonna -- -- 3500 dollar tax increase.

And -- it very well could throw -- into recession bottom line is we need to get the fundamental tax reform to lower rates across the board.

To simplify the code it's really modernize -- -- -- that American businesses can be competitive.

And we could take the burden the tax burden off -- families.

That will help this economy growth.

Yes you know it's like at this point everyone's sort of keeps repeating the same thing from their assigned -- work side and we're all talking past each other.

I mean is there any way that were coming to -- solution here.

-- speaker -- there's going to be meeting with the president on Friday.

And now will hear some of the basic outlines of what's being put on the table at that point in time.

We on the Ways and Means Committee -- going to be very very actively engaged in working with our chairman Dave Camp.

To provide good information.

To the chairman and two speaker Boehner about what we want to do with tax reform.

Bottom line is this we have to stop this massive tax hike that's -- -- hit American families and businesses.

At the end of the year and then give it to fundamental tax reform.

And they're gonna things on the table.

But increasing tax rates is not one of them I will not vote due to increased tax rates.

You know congressman this segment was supposed to be about the carbon tax but like everything else.

We can't talk about anything.

Beyond this fiscal -- I mean it's getting -- in the way of everything including this segment we have somebody on from the teachers union.

At that are the teachers education association National Education Association -- -- beginning of the show.

Who was completely stuck -- his idea.

We absolutely have to raise taxes on the wealthy -- -- corporation's you've heard the president earlier today he echoed the same thing I mean really doubled down on the hard line.

What I'm hearing from you is a pretty hard line as well.

And it makes me think that I'm sure we're gonna get to a solution here and then it's starting to feel like we're really gonna go careening over -- Well that is -- concern in I think that what we need to do is get to the negotiation table.

And the president needs to hear our side very clearly.

Raising tax rates on families and businesses right now in this very sluggish economy is a disaster.

It's a disaster because what it could very well for -- back into recession number one and secondly.

Jobs if you want to create jobs but businesses keep more of their hard earned money and invested in things that they do best.

So I think the focus really has to be -- jobs in the economy right now raising taxes is what is definitely the wrong approach.

That's why we need to -- stand these raids.

The current rates -- lower rates for the time adding extended for a year and let's pivot into real tax reform what we have more time to have a real discussion on how to do that.

I thank you're you're saying that you said that the president has to hear -- I heard him earlier today.

He does not hear you I mean he is absolutely.

Adamant if anything he double -- today on its threat to raise taxes on the wealthy.

Where you go from there as you say he have to hear you he's not gonna hear you so then what.

Well I think he had meetings today with the CEOs of companies I hope he heard the message loud and clearly.

That raising taxes right now is not a good thing for business and for job creation.

So we're gonna stick our guns on this now will have to have the speaker Boehner get to the negotiating table we'll see what what what the initial.

Parameters are listed on this discussion.

I don't know I saw that crew walk in and I mean it was the same crew of CEOs that has been in there talking to him forever.

I and I I don't know what they said but they've never changed his mind before -- -- been tried so.

-- can -- really scared about this are right -- and thanks for coming on the show we certainly appreciate your time.

Great to be with you thanks.

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