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The bloody fight of -- Texas is in our rear view mirror what is that battle a sign of what's to come when the Republicans take over the house in January -- congressman Charlie Rangel Democrat of New York.
Former chairman of the tax writing Ways and Means Committee.
That says some -- the result of the house lately lately joins us that a Fox Business exclusive interview with you -- thank you for your time today.
Good feedback so you know you have been in the center of the storm just respond with ethics charges that are now settled.
You've also been accused of riding -- and backing a lot of pork spending in congress are you taking a different approach to all that pork spending in congress.
In what you've been through lately.
Anybody that in the midst of pork spending obviously.
It's not in the political arena this -- -- If you're talking about identifying.
Things that a member of congress believes that needed in his community.
And it's been -- cited by the secretary of the executive branch.
I think it's just as important that this -- mute point of the budget.
Be executed and members of congress be allowed to do it.
Rather than that have a bureaucrat has been they've attended -- and -- -- to decide what's best for my district so we don't call it pork.
So whatever little what you call it.
I guess they started calling my inbox but it would look Smart about it and go ahead -- -- -- -- priorities that people would have put that in your training America's taxpayers like a cash register go ahead don't say that look so that if they did have little advantage you put it in a 2000.
Page bill we don't yet know bill should be 2000 pages that's ridiculous.
And when the earmarks that are put into real page 375.
Of 2000 don't -- that's doing a little under the table -- of the if -- lying if you back catalog.
Let's but what I'm -- they are getting it later handed right.
Anyone that is doing it they -- -- then you bet your life is the wrong thing to do you should not do any thing that you not propping -- the Internet and -- but that.
Okay -- a bill that the eight.
We talked about two different things what you're talking about is just rule if you have some project -- you have to hide it.
Then you should be an AB bill I should know that you're proud of what you've done our head that you could defend what you've done.
And in my case coming from the community like bond that is going to create jobs I think -- entirely -- -- -- to do what.
All right but that's what it's created but it's jobs funded with tax dollars with the -- but I think to chris' point here mr.
It's -- culture of spending that taxpayers are -- -- when you have pork spending.
That you know basically the estate tax would just about covered the revenue some states actually just recover because it doesn't include also all the tax credits and you know this for a fact writing ways and means that tax -- -- report by another name so weak and there are hundreds of billions of dollars -- -- other spending programs that already pulled out of port.
So this is suspending culture that's gotten out of.
-- went through great.
I would agree that I wish -- just stop saying -- walk.
Because you are right if you had to raise the loopholes -- incentives -- so many people that's in the tax code.
I would have raised that myself you know if you just want but since you already include that -- pull up.
They unfair advantages that taxpayers have that they shouldn't have and if you really want to get the parties together it should be a tax reform bill.
That eliminates all of these unfair tax advantages that people -- And that this same time lower the corporate rates and if it's possible now even -- the individual -- -- -- you can which can be.
You've been for lower corporate had no question about it.
The fact this well.
Hardly any about corporate structure pays -- -- 85% tax rate.
Because by the time you get finished with the tax credits and the good -- but it doesn't include state and local attractive -- at that rate higher Cyprus.
You -- Neil Cavuto last week -- you -- your eight bit of opposition to the tax bill the way it was written in the way the president signed it.
But looking at the president now striking a conciliatory tone and -- agreed to this bill the Republicans is that what we're gonna see in the next congress is that the way Washington is gonna conduct business moving forward different from the past two years the next two years.
Don't think -- the last few days in the congress in the bill that cost a trillion dollars to look to be getting up for consideration.
And -- -- the last minute.
Those people that have the votes now because why should have been up for consideration because I think that suppose that this size seven.
Is supposed to go who did normal hearings and people should go.
I simple but most of the extent is that we have already especially to credits -- -- -- income tax credit for education for the children.
But to extend the same thing for the wealthy -- this no attachment to that in the economic world no attachment.
We and they are small businesses and by the way it's between 250 and 500080%.
Of attacks it will come from that the people in that.
But income range but I I've got to ask you read this don't -- them in a way that's -- that connect through to what reality is on the ground and what Washington thinks reality is in terms of small businesses we saw senators calling -- -- the small business guy across the price Waterhouse Coopers and their grosses of Art Torres who gets slammed by that higher rate so.
Said that if you increase that rate instead of 252 million dollars you've taken care of all of the blessed involved in this but they're not millionaires and billionaires that's not right to -- an -- as I know that's what I'm certain.
You dedicate -- that a million they -- what he had to go above that in terms of hundreds of billions of dollars out of Canada look at whether -- not going to invest that are you concerned about the president.
Striking as I said before the conciliatory tone to the right movie needed 2011 of course I I just don't know and I I really wish as an American -- -- -- Dyed in the wool Democrat that -- Republicans that Democrats can get together and something and I hope it's tax reform that you -- by the way did you read the bill.
The during the omnibus bill and the tax bill.
It's not but I certainly know what's in it they know what they needed because of the debate that goes on and people insisting that something would be -- something.
And again -- -- omnibus bills and continue its resolutions.
I'm going to be decided by Republicans and Democrats at the eleventh -- no one's expecting anyone to read it.
This is especially since -- not really bad for the country that we know that congress is expecting it's a little bit what is -- -- the country you're going to treat he.
I -- just to say that they're now like that historically I'd say you know I don't talk a.
That issue with there was eleven months that congress had to come up with an omnibus bill we have Moody's threatening to downgrade the US credit rating which is AAA could come in 2015 sooner than expected the congress get that up cost.
We get -- there is no excuse for -- end.
You have to recognize that what the Republican -- Democrat that Obama put -- -- who -- with the house of representative.
There was nothing but nothing he could do that could get any of the vote.
And so if you did this no -- -- a compromise with as he finally did on the tax you know.
It makes it very very difficult to get anything done and if you looking for even the conservative Democrats they -- and still wait.
In voting with Republican I.
Congressman Charlie Rangel Democrat of -- -- a very refreshing.
Interview thank you sir for being with us we'll -- be very happy how.
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