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Americans For Tax Reform president Grover Norquist explains why Obama's proposed $50B in infrastructure spending will not make it through Congress.
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-- -- Calling on congress to spend fifty billion dollars on infrastructure would be the largest infusion of new spending since the 09 stimulus and we have Grover Norquist.
President of Americans.
What this -- brokers against this so we won't get into that right off the bat but tell tell me what how you would articulate your argument against -- you would say this is.
Just basically have a tax hike that's Hayden nor would be some other way.
Well the idea that the government can take.
Twenty dollars from one person run it through the government and him twenty dollars to somebody out.
And argue that there's now more money in the economy.
That you take the resource is for one job out of the economy through taxes or debt.
And then you move it to the other side of the economy and you hold -- press conference why you.
Released the same dollars.
If you just moving money around if you take -- bucket of water out of one side of the lake walking around and -- back into the lake.
President Obama thinks you're stimulating the -- to great gaps.
Of course it's sadly doesn't work it hasn't worked it's why this recovery that we're technically and as the worst recovery.
In American history that -- We're going through a bunch of companies -- the bottom of the screen as you were talking that might be I guess the theory would be some if there were more spending.
-- -- some of these individual companies would benefit because he would spend on infrastructure -- not but heard that before.
But -- you basically telling me that most of these things -- just dead on arrival that the speaker Boehner is essentially right that the tax hikes at higher.
But taxes and that -- spending that that just just not gonna happen will not make it through this congress.
President Obama and the Democrats in the house and the senate gave -- five trillion dollars in additional debt.
The days of wasting more money and -- so lenders are over there's no more of that the president.
-- promised special interest all the money he wants he's not gonna get tax increases out of the American people.
To spend on Chicago and Solyndra.
Not happening he knows that and anybody running -- campaign contribution are very third you know -- -- nice to the administration or to get some of this cash.
Is making a bad investment how do you feel personally.
About how the last few months ago I think it might have been I don't know -- was the last time here on the mid of the time before battle all the whole narrative.
Was all boy is Grover Norquist now somehow irrelevant to people break their pledge for -- to -- you know taxes and all that and now here we are.
Now granted there were you could argue higher taxes says as part of that deal that went through -- Pretty much at this point.
You can send it to say -- it's over and and you think you're gonna win this -- -- -- Well we want as much as you could last time mineral gonna win this time.
What happened on January 1 of this year.
-- taxes went up 500 billion dollars because the -- one the 03 and the AMT patch all lapse automatically.
That congress.
Passed a -- to -- 85%.
Of those tax increases take him away from the government leave them with the American people.
So 85% of the money that Obama could have taken ran through an action.
Stayed with the American people he got 15%.
We got 85.
Now -- tax rates are permanent we move forward in the fight over the budget and spending.
And I believe the American people are going to win this next one on spending -- and the president's going to lose that's -- sequester them is enough by the way not the last while we're gonna have on another when after that digress and -- more.
Yes I know -- remind us Grover Norquist thanks a lot at a DC we'll check back.
