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From Americans for Tax Reform the -- to this played a big part shaping GOP attitudes towards tax policy -- thanks for coming on the show tonight yeah I think scary really got a lot.
Really surprising headlines tonight but I wanna start with this idea.
That the fiscal cliff is something.
This is what the Democrats are saying.
That -- this is up to the president the Democrats.
They say we're gonna give the GOP -- voice it's our way or the highway I know the president starts every.
Speech say I'll compromise but he -- a totally different way how do you read this.
What -- interesting.
That you guide Democrats -- saying that based -- have a mandate to hiked taxes there.
You know whenever they're claiming because when you're looking out what happened you know last week in the election.
All happened was that the 2010 status quo was affirmed so you -- of the same president but you also have an overwhelming majority of house Republicans.
Let's pledged to their constituents we are not going to raise taxes in the voters like the polls and reelected.
I think that majority once again so to say the president somehow and has more of a mandate that these house Republicans -- who were all back up for -- action by the look well.
-- Democrat man kidnapped you know I think you make a good point there it was -- a landslide.
He did get the majority but he didn't get a landslide I think that's absolutely true.
You know you're -- Grover Norquist though toll last Friday and I -- -- hear what your view is on this he said Jerry the president is going to cape.
He said the president will extend all tax cuts for every body.
For at least two years do you agree.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Let a couple of things linger berms are mentioned as but what is that we about it we better before in -- we're looking down the exact same route and we the exact same -- -- that came.
How about and that the president the one sign those tax cuts back until -- when -- times so.
He's got a hard position to be and because back when we -- having that debate he told us that the economy couldn't handle that kind of tax hike right now now.
In the third quarter of that year we were growing the economy about two point 6%.
This past quarter we've grown 2% so -- is actually growing at a slower -- But now apparently the president wants -- tell us that it's an okay time for attacks like it doesn't really.
You know doesn't make sense of -- -- -- -- you know that's -- you're -- I don't expect -- -- -- the mine Iraq.
I think you make a good point about whether or not this is a good time to raise taxes -- -- but.
Here's the real problem that I see you tell me if you agree don't really have a revenue problem I don't know if -- looked at revenues over the last several years but -- growing.
They're almost back to pre recession levels almost back to the -- levels so -- why do we have to raise taxes.
Right and -- Gary you hit on the had we don't have a revenue problem.
We have -- overspending problem that deficit that we have today is caused by the fact that we are continually spending far more than we taken in taxes.
And -- right in on the left -- the claim that we are under taxed because we're we have the least number of revenues coming in that we have historically.
What we don't have the same amount of revenues coming in bad we have in the past fifty years because the economy's so bad people aren't working you can't tax people's income.
When they don't have any say UC CAC revenues you know -- 15% of GDP -- than their historical average 18%.
We are absolutely right -- edging back up into 18% as the economy tries to recover.
What we need to be looking out of our spending prom because if we don't get back under control we'll never get to a point where we see right yeah.
That's it -- down to -- to what the president saying he's saying he's gonna extend tax cuts for everybody.
The people earning 250000.
Dollars or more how much will that contribute to solving our problems with the debt and deficit.
Very little Walt there's one thing just the -- numbers on it -- he -- to talk a lot about math.
Just it's having the top two rates expire -- you 442 billion over the next two years which is a lot of money but that's not -- -- that.
But nothing close of the one point six trillion -- he claims he needs.
And nothing close -- one half trillion dollar -- he's running every year so if you're looking to see whether -- that money's coming from -- coming from the middle class he -- to tell you can get at all from people making over 230000 dollars a year he can't you want to talk about -- He needs on up to the map at that eyes telling us what to about the middle class is going the ones taking the hit -- while.
-- I gotta tell you got a long way to go everybody says they're in charge might true belief is that nobody is many -- for I asked that.
I appreciate -- if -- --