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Gary Johnson on Race for GOP Nomination

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    Presidential candidate weighs in on field, issues

  • Duration 3:58
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And then there's 1010 candidates officially contending for the Republican nomination one of them with me now.

Former New Mexico governor Gary Johnson got a good morning to you.

Morning bill at some bleak numbers out on the job market again last hour -- looking for good news that we're trying to find the silver lining in.

Frankly it's tough if you were to be the nominee what your plan for the economy.

Well balanced the budget first and foremost so Gary Johnson would submit a balanced budget for the year 2013.

I would eliminate the federal corporate income tax reestablish this country is the only place.

Grow business nurture business.

And then regarding our own taxes.

Eliminates -- income tax eliminate the IRS replace it with -- consumption based fair tax.

Which by all reckoning from -- free market economists it would actually be just that fair.

Earlier here we -- here cut across the board when it comes attacks is just about every area now when you were governor in New Mexico.

Did you cut taxes.

You know out cut taxes that -- not as significantly as I think they should have been not cut.

What I did provide -- New Mexico with certainty and that's another component when it comes to.

The federal government -- provide certainty to business.

Right now we're not building coal fired electrical generation facilities because of the uncertainty regarding cap and trade environmentally.

How much is -- actually cost to build these these new coal fired plants.

Because of that I think there there's there's an example of potentially hundreds of thousands of jobs that could be.

And can be brought on line and just removing that uncertainty.

Back on the tax issue how much or or by what percentage.

Did you cut taxes in -- Wednesday.

Well I I would argue not nearly enough when I talk about fair tax.

I think a 114.

Million dollars.

More significantly was the fact that I would have vetoed 750.

Pieces of legislation I've I would have had thousands of line item vetoes that really gave certainty to business and that it wasn't gonna get -- because I ran state government because I ran the agencies.

There was really certainty that act and that actually things were better I saw that on your record also -- -- you cut -- thousand state jobs.

Why just -- necessary.

Well just managed attrition that was all the notion that -- -- government could be more.

More efficient and I think that.

Cutting 12100 state jobs over an eight year period that had never happened before.

I think that spoke volumes to state government employees doing a better job with the fewer people.

Now one more thing here and -- -- runner for the Republican nomination in this next topic its tender.

As you know how do you rationalize.

The legalization of marijuana.

Q so you know is that it.

Well first of all I'm opposed to the drug war a through Z but from a strictly a conservative.

Standpoint.

Half of what we spend on law enforcement the courts in the prisons is drug related.

About seven -- billion dollars a year what are we getting for that.

Where arresting one point eight million people.

We now have 2.3 million people behind bars in this country the majority of them are there because they've sold small amounts of drugs.

On numerous occasions and even record -- brings that number down you would argue.

Well potentially by half Communist China four times the population.

One point five million prisoners aren't they the Communist authoritarian.

Dictatorship are we the country of liberty and freedom and personal responsibility that goes along with that except for marijuana of course -- -- it shouldn't exclude marijuana governor thank you for coming around and talk again thank you there and I Johnson former governor New Mexico.

Acts.

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