Ed Meese: We Can’t Tax Our Way Out of This Problem
Former Reagan Attorney General Ed Meese on the fiscal cliff deal.
- Duration 6:31
- Date Jan 7, 2013
Former Reagan Attorney General Ed Meese on the fiscal cliff deal.
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Let's just say -- -- -- that your negative colosio scores of other Democrats element of the over the weekend they're just getting started with tax hikes this year.
And the president agrees keep it -- -- says a dollar in tax hikes for every dollar in spending cuts.
Never mind that balance ratio didn't quite work out in the Clinton deal -- more like 41 to 140 times as many taxes as cuts.
To Ronnie Reagan's former attorneys general Ed piece on how this is going from a bad.
I guess Angela may be worse deal -- -- make us.
Well I think it's it's absolutely terrible and I think it's fraudulent act on the part of the minority leader of the house.
That to think the Republicans would put up with anything like what they're talking about.
Already we have a very unfair tax system in which the so called rich the people who -- the higher earners are paying way out of proportion.
In terms of the tax burden.
As you know the top 1%.
Get about this 70% of the earnings but they pay 37%.
Of the tax burden.
Well hello ask well with -- -- -- it's gonna be about 41% but you're quite right.
I guess now though that that old expression that they do give minutes we'll take a -- taken their violent running.
How to Republicans counter that because it -- that they can say we did and away the tax thing you got your way Mr.
He comes back it says well I actually wanna one point six trillion U -- three units -- sides then what would you again.
Well I think first of all they got to a point the public but let the facts are I didn't hear that they've been model into that -- -- an awful that.
Absolutely wrong the other thing is to point out that many people have said and that is we can't.
Tax our way out of this problem we've got to do something about the spending.
This administration has been absolutely derelict in.
With the way in which they've spent if you remember we had some extraordinary expenses under the so called stimulus spending.
But in 201020112012.
There -- no stimulus.
But nevertheless the budget.
And the spending still went up in other words directly regular expense of government just rose during that period of time.
To take care the vacuum.
That'd been created when there was no more stimulus.
I'm wondering if there's a bigger agenda.
At stake here is attorney general it would it it hearkens back to something Rush Limbaugh.
Said I want to listen this and to react to it is Russian.
He wants to be as transformation.
-- a president as Reagan was.
And what he seeks to do is.
Every Trace of Reagan.
What do you make of that.
Well I think that Russia have really had gone to something there he does one of -- -- transformational president he wants to -- in the United States in degrees.
You do have to wonder he is sort like Ronald Reagan reverse both.
By the way very charismatic individuals.
Both very telegenic both very go to communicated with the people -- Very different messages they're communicating.
But it seems like this president is saying -- that president everybody liked.
Well that Arab smaller government is over.
That era of of of getting all is excessive government spending under control is over.
This arrow but tax cuts for everybody is over is -- -- winning argument you think he got he got elected.
Arguing at least hiking taxes on the rich is the country changing more Barack Obama's way -- Ronald Reagan's.
Well I think it is changing to this extent.
And that is that debt and people know not realize and we're unfortunately the Republicans didn't really really -- but.
But what the president was saying when he said things like the rich aren't paying their full share actually as we pointed out few minutes ago they're paying more than their share.
But nobody really pointed out these facts on the other side there is one big difference between the two presidents and that is that Ronald Reagan always told the truth.
-- Now I gotta wonder with a president who is set on not going to -- spending cuts.
Entertaining more tax cuts what what this environments going to be like and -- it and for the next few years especially with a lot of Republicans I don't know -- utilities that they seem to be running scared.
Well I think that's where -- just as the mayor Giuliani set on your program.
The Republicans shouldn't be running scared they should be telling the truth.
And getting the facts out to the people.
Other night I don't know lose zillions but they're not doing it -- -- -- I think there's -- the mainstream media ignoring them and not letting them.
But it's about a simple message I mean if you want this government to grow at the -- its growing and you're okay with this big government that you keep saying.
Then you're gonna have to pay dearly for and and a lot more than we are now on a lot more than a hiking taxes moderates now.
But they can't get through the the noise.
Well I don't see much of that that an attempt to try to get the facts after the people I think they've got to figure out a way.
To connect with the people with and be able to tell them the truth.
You know Margaret Thatcher put it very well when she said the problem with socialism but the problem with the kinda government that.
Obama is trying to inflict on the country is that -- relating your run out of other people's money pet that's what's happening at the present time.
You know we might be seeing that now with a lot of Americans do are seeing this payroll tax cut that they were enjoying for the last -- years taken away so.
We're face a situation where 80% of working Americans are seeing their taxes -- of the beginning here.
Now the president could have kept that going to at least.
Focus on the fact C is only the -- seeing their taxes go up when in fact this might it reminded folks wait a minute.
My taxes -- What happens.
Well everybody's taxes are going up and that the Social Security attacks going up is just a small part of it.
We have all kinds of that -- taxes going up because of these so called Obama care.
And that there all kinds of new levies -- various sports even in this is an amazing thing.
Even -- tax is being put on medical devices so that the poor people who happened unfortunately be ill or injured.
Are gonna have to -- have their taxes go up as well.
-- Ed needs or supplies are happy new area.
Thank you happy new year to you at -- --