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Sen. Orrin Hatch, (R-Utah), on the potential impact on small businesses of efforts to raise taxes as part of a fiscal cliff deal.
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-- -- this is the busiest time of the year for me.
But thankfully my staff up at the north -- are as concerned as I am.
About the fate of so many children and families and what all happened to them.
Due -- this childish squabbling here in congress if it doesn't end.
-- not stand out but.
Sale wouldn't do that's so wouldn't put himself in the middle of a political debate and take sides what liberals who want more spending CNN.
Would be up at the North Pole.
Making toy rates.
My gosh what have we -- -- -- we're using iconic symbols of goodness.
So wage of PR campaign for more spending to Utah Republican senator Orrin hats.
He says get ready for more of this senator.
I know senate -- as a friend of mine that that is not -- There are good -- -- -- -- this and is trying to put coal in the stockings of all the small businesses of our country.
And you know he believes that spending -- -- beckon of and fan for so it's not -- -- -- -- Yeah and by the way -- and it reads -- wanting -- Superhero like myself -- some.
Doesn't do scroll up a little bit on -- somebody else there is a -- for all the time that's why senator that's fine that's fine but.
That -- it also -- but here's what I worry about -- it looks like this part is accelerating be you know using props to make a point blaming the other side to.
So it's a river.
You know a process that seems frozen.
What are we going to -- us.
Well I can tell you this I really actually believe that the Democrats.
Are willing to take us over the -- I think that.
Look I have a lot of confidence in.
It's bigger banners and vice.
Whether you're you're you're getting could be part of the minority now because we're more people are -- off from him within the house I'm wondering if sort of his speakership could be.
In partly.
I don't I don't think so -- got a tough job and -- sense and it's gonna have to rally the people -- there.
You -- support senator part of his idea being to raise a hundred billion and in revenue -- -- minute -- would be.
On -- Well I think we can raise the revenue without raising tax rates and I think at the same time and -- on small businesses will not.
Hammering them -- -- distressed and offering that have corporate tax rates hardly any corporation's of any sense to have any attorneys.
-- the top 35% attack triggered a lot of the pastor companies which -- partnerships.
As the -- corporations who have.
Center small businesses they have to take driven doesn't pay the 35% so.
This -- willing to get corporate tax deductions of a large corporations and not willing to help those -- -- small.
Clearly there is senator I starting -- -- and I may be over analyzes stuff I was in your fine city yesterday and and and everyone -- -- reads as he -- differently.
But when I heard the administration maybe slowed its probable -- -- vote will look at.
Lowering corporate rates -- corporate tax reform.
Was that.
Of their way of trying to -- entice the -- axes and others of your.
But your still skeptical -- to come support and an agreement that.
Would include penalty -- up.
I don't think so -- I could care less what the wealthy.
But there's a huge number of small businesses are going to be had by this -- marginal tax rates and -- -- 24% 53%.
These businesses are gonna get hit very very hard most of them put their -- back into the business -- to have people.
They don't particularly take -- -- -- but it.
If they are.
Gonna have to pay.
Marginal tax rate 44% higher a lot of the mark on -- people and that's one of the problems 70% of all jobs comes sort of a small business sector and it's it's as though the people in the White House have no knowledge about what made this country in different greatest country in the world.
And they don't send understand a small businesses is -- key here.
And I've got to say when they large corporate groups got together CEOs got together so we want -- corporate tax.
Tax rate reductions.
These -- have got together said we'll help.
If for getting us and -- left holding the bag when we have to pay the highest rates there -- you don't you can find all kinds.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Well.
And I think we have to get a view of I don't know that I know we have to but we're not on -- -- -- right now I'd have to say things are not even close the president came -- obviously he wants one point six trillion dollars in new taxes.
The most spending if -- extrapolated rollout of the most of the spending reductions have been around.
400 million dollars if we're lucky.
And it one time it was for two and a half.
Times spending reductions vs one time.
Tax increases and prices come off of that that's what he ran on.
Did he ran on no more than a hundred million dollars in tax increases and Boehner offer is absolutely not having my.
I don't know happening now.
Sinaloa and -- thank you very much of -- well Merry Christmas -- -- -- and I hope to have a really really great stuff and hundreds inspired controversy -- -- thank you senator.
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