Rand Paul: Spending Cuts Are Fiction
Sen. Rand Paul (R-KY) gives his take on the fiscal cliff and tax hikes.
- Duration 7:16
- Date Nov 15, 2012
Sen. Rand Paul (R-KY) gives his take on the fiscal cliff and tax hikes.
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This transcript is automatically generated
Do not expect Republican Kentucky senator Rand Paul to sign on -- this is getting out of control.
They innocence is spending cuts are fiction they're not real their make believe maybe that's what the tax increases should be as well.
-- don't want -- increase taxes I think going way to stimulate the economy is to leave more revenue in the hands of those who earned it.
Leave it in your state -- I'd rather have the money left in Kentucky I haven't seen any money spent Washington it's useful.
Most of it's counterproductive.
So let's leave more money in the states and let's cut spending -- spending too much.
You know what they're not doing that and then I guess many -- -- much a democratic leadership seems to be taking that this election.
Was a -- front about tax increases.
Aren't you I guess you could it part.
Take from -- that the president's victory that may be.
His -- to tax the rich might have been a factor but I do think Americans were looking getting spending under control but that partisan.
Is -- being considered.
You know if you wanna say the public is for raising taxes on the rich the public's been sold bill of goods on -- If the public -- to know the facts the rich already pay mostly taxes we have a very progressive tax code.
Millionaires pay on average about 30% -- and come.
Not to mention state income taxes and Social Security taxes most of the rich are paying nearly 50% of their income by the time we're done.
And most of the income tax is paid by the wealthy.
My point oh is I don't care whether it's a wealthy the middle class or the four I don't want to divide us.
I would say there's the public sector and the private sector the only way you get more jobs while leaving more money in the private -- -- I don't -- bad news money and.
Weekend debate is over -- I -- -- now Democrats say it is beyond the date I I it may be pull its live and not easily after election night I thought.
Well maybe did the president and and and all sides will rise to this occasion had -- genuinely.
You know all firm constructive dialogue.
To not only get us off the cliff but good lay out a plan to get all of this under control but I hear.
Well sort of stimulus now your colleagues -- -- New York.
This is signing on for what could be a half trillion dollar jobs plan and on and on we -- it's like stimulus is still in -- Spending is still in low piling up -- you're still involved.
And here's the problem -- stimulating it to government spending the last time they tried it it -- more.
It also cost about 400000 dollars per job government's not very good at creating jobs.
Instead of trying to squeeze more money out of the economy out and take it from productive business owners.
Let's leave it in their hands I don't think the president got a referendum on raising taxes.
President won the election barely but he didn't get a referendum.
The other thing is is we still -- enough votes in the senate.
That he needs to come across the -- talk to us I know of no conversation on the president with -- our side if you want to compromise talk to us.
There could be a compromise.
I'm willing to compromise on saying that military spending could be -- And so could domestic spending.
That's -- the compromise should be.
But you know I'll among your Republican colleagues I don't see that part of a compromise either -- -- -- -- they've put revenues on the table.
Again and I guess the devil is in the proverbial -- -- But when it comes to spending they're very.
You know loves to cut their near and dear this is like defensive end and end.
Date for very valid reasons just as Democrats it's a very valid reasons Eric you know that go slow on entitlements but would that mentality being the case.
What is gonna happen at the end of the year.
I think they'll be some really big get messy.
Bill made in some sausage factory you'd never want to go to that bill will be passed.
I'll probably oppose it if it means raising taxes tonight raising taxes is a mistake particularly -- -- -- Speaker Boehner ads on the table not formally -- tables not a rate increase but closing loopholes and credits his ex president said.
That won't come close to giving you the money that you get -- with a rate hike -- -- he's in -- -- -- To me -- increasing revenue.
By closing deductions is raising taxes.
All all closed -- close loopholes if you lower rates but you gotta do something good for the economy you're gonna do something bad to the economy.
So I'm not for just closing loopholes that takes money out of the productive sector sends it to Washington and that's a mistake.
-- not for just closing loopholes but I would close loopholes if you lower overall rates which would stimulate the economy.
-- senator quickly.
What did you make of Mitt Romney's remarks to backers.
That -- what heard -- was all lose the freebies.
The president was giving out to his days.
And that that made the difference.
I think we as Republicans have we want to grow the party have to somehow developed some entity.
For those who have been on government assistance and know that they don't all want to stay there.
For example I think there are many good people who have had to take unemployment insurance for a month or two but would like to work.
So I don't think everybody on government assistance is a bad person we need to figure out how to convince them though.
That there life would be better it did vote for policies that would help them get a real job and -- the middle class do you see.
Maybe trying to lead their Republican Party may be an but -- more inclusive more accommodating directions some.
Core conservatives in the party say it's selling out but you -- But that that big big can't be Democrat.
What do you say that because with -- Overture up to exit on immigration.
Minutes is simple way to win over Latinos who.
Who -- and you know in -- step with Democrats what are you up to what are you doing.
Well it's always been my opinion that people that are here even those -- are here illegally.
If they'd like to work we got to figure out a way to let a more.
I'm not against people working I think immigrants are an asset not a liability.
And I think they won't Hispanic voters won't listen to us if they think were angry all the time about immigrants here.
I came from a family of immigrants we came -- we worked hard we spoke our own language for price fifty years in my community we spoke German and a church.
-- not against people speaking Spanish either.
But I think we need to convey that or we're going to become a dinosaur we're going to become extinct.
And I don't think it means we have to compromise our principles I still want -- strict border control I don't want people coming in illegally.
But I think we should be receptive to legal immigrants.
We should figure out how to normalize -- who did come here even if they broke the law we have to figure out away if they're willing to work.
To normalize their situation.
Also it does have to do with electoral politics were not competitive and we have to be competitive in these areas where we're not winning them.
You're you're good student of math senator that's pretty good are poised -- value -- well.
Thanks what we want to hear from you want what are you -- week.