Also in this playlist...
This transcript is automatically generated
Tough choices and Smart investments today.
So that as the economy recovers the deficits start coming down.
We cannot have a solid recovery.
If our people our businesses don't have confidence that we're getting our fiscal house in order.
That's why our goal is not to -- a slew of new government programs but it foundation for long term economic.
Well it turns out the president elect Obama's commitment to long term growth a big crowd pleaser for blue dog Democrats usually a trillion dollars stimulus package or something close to it is something and his group of -- fiscal conservatives would rally against but not this time.
Who -- right now Tennessee -- and Jim Cooper who voted against the pass his stimulus bills he's on board this one.
And he's a blue dog himself congressman might change.
-- we gotta have economic growth deal you know that I'm Brock said it very well today.
Without growth we're all in trouble not think it takes a stimulus right now provide that.
The Republican economists we heard from yesterday testified to that so I think a good strong stimulus package to help get the nation back on track.
I'd spoken to some folks who -- his budget CBO outlining the Congressional Budget Office that.
Had said I think Jeff Sessions the Republican tenets -- that.
Just what they'd seen of the -- grand Vegas they are the Obama plan.
That it could approach one point eight million dollars.
Substantially more than any of the advertised because would you still be on board that.
I would not president elect Obama is mentioned more like 775.
And they said that he says announcements -- number Pete Pete who I don't but he said that but that when people price it out.
-- the CBO's.
-- pretty independent group right that it's not not nearly that she.
I think you're seeing the senators talking and senators have a habit of patting expenses on these bills we try to watch that -- -- -- 'cause we only want real investments America's future not wasteful spending.
-- congress and you -- -- far better than I -- well right I mean.
Once there isn't a package introduced in order to get votes on -- on Suzanne every congressman and his brother I mean begins putting.
Little ornaments on it right as I'm not gonna.
Let's be specific it's easy the senate they have virtually no rules over there so they can add any amendment to any bill.
We in the house try to watch that very carefully 'cause we using just get to vote yes -- now the -- bill we don't get to add amendments that spent money like that.
So but it's not get out of.
-- predisposition to get a congress and on a woman's votes are -- instances say all right will do something right and that's where.
Well you're right more in the senate you get the earmarking thing going on but you get this pile on.
We have adult leadership that's coming to the White House you know Brock has an even sworn in yet but I think it's going to be a very exciting time -- change and he should be celebrating the fact that 40% of the stimulus package is in tax cuts.
Republicans weren't even dreaming of that possibility that -- probably would even have originated on the hill this coming from.
You really I think his tax bid on sites are but he really think -- tax cuts percent other tax credits and guarantees that sort of thing but.
They added that nothing -- been done to marginal rates nothing has been done in terms of long term.
Tax relief that you might be right away in -- it might be advantageous I'm just saying that.
So called tax cuts for say especially for people who don't even pay taxes to get tax -- that's it's it's a little bit of this stuff.
-- don't forget about the payroll tax that's arguably the most regressive anti jobs tax in America.
And Barack Obama's the first president of a long long time offer relief on the payroll tax.
That's very important that's very good for job growth that's very good for average citizens.
And I'm proud of the fact that he's put that piece and his stimulus package.
But there are many other good pieces will examine it it'll go through the committee process but I think help is on the way for this economy.
Everybody I've talked to wants help we've got to get the economy back on track and finally we're gonna have leadership from the White House.
All right congressman always a pleasure thank you very much -- thank you.
Filter by section