Sen. Orrin Hatch: Obama's Plan Is 'All Politics'
Utah senator on job creation
- Duration 6:01
- Date Sep 14, 2011
Utah senator on job creation
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-- -- now the president takes the stage to promote his jobs plan at.
North Carolina state university in Raleigh but He has his work cut out for him as far as convincing Republicans to support the same plant.
Orrin -- -- you ties the ranking Republican on the Senate Finance Committee senator nice have you back with us.
Nice to be with you senator not a sense that we spoke and I don't think I've ever really talked to you have got so -- your previous.
Jobs that you've had your life you've been a senator since 1976.
But -- -- works I'm reading this correctly.
As a janitor.
And also an all night desk attendant in a dorm -- you're trying to earn a lot agree.
C certainly had a bad Friday I dynamic experience professionally it and the talents -- -- -- -- -- -- to job creation having seen it.
I -- -- your professional life from so many different.
I also learned a skilled trade and became a member of AFL CIO and was proud of the dollar in sales that.
The sick residents to -- small business and let's moment has been out there and create jobs in the best way to do that is reduce taxes and reduce the air regulations.
You know I think we're gonna have to repeal -- -- because that.
That it's gonna cost in taxes and penalties one point one trillion dollars over the next number of years.
It's gonna according to be -- come -- -- conductor on the north ahead in the CBO it's gonna cost around 800000 jobs over and over time.
I'm ready I don't then the director of that this CBO because -- speaking to the super committee earlier this week about -- deficit reduction and one of the things that.
He said in an -- and -- craziness -- -- here He says if you wanna keep taxes where they are.
Or lower them.
You're going to need to severely cut entitlements -- that you're gonna have to do so what entitlements.
Are are you willing to take a look at and start doing some -- Well first of I don't think you do have to cut -- we've got around to -- fourteen tax expenditures some of which.
Could become and and the reserves and some of which have good reasons for being in -- to like the home mortgage interest deduction in the corporate production of health care that they provide for their employees or terrible -- -- for a one case but there are above like -- say at least 200 and fourteen various tax expenditures and might -- -- -- for us.
Why don't we start cutting back on the federal government which has been growing by leaps and bounds.
And which is not most of which is not justified.
I think what we ought to do is get government spending under control before we start raising taxes and that would get government spending under control.
I think you'll find that we don't need to -- today.
So would you not cut entitlements at all -- you just leave in the way that they are.
Well I think there's no use kidding we know that Social Security seventeen point nine trillion dollars of unfunded liability that's not as -- as Medicare and Medicaid Medicare is 383 embarrassment for the viability.
We know how to solve the Social Security problems for our kids without.
Without any any change in Social Security for those 55 years of age or older and if we don't make some modest changes.
Social Security won't be there for our kids in the form that it is today we also note that we've got to do more than that we've got -- modernized Medicaid.
So my best ways to do that -- his fifty state laboratories to be able to use their ideas.
Show how we can actually cut back on the costs of.
-- senator all of this it would take some time to deal and and we can give us a time when an ops certainly -- you needed to answer that in just a moment.
That the president says He has his jobs plan right now.
And that this will get some jobs into the economy when He saw the the beginning of the year and we desperately need those jobs -- DC middle ground.
As far as part of this plan that you like that the president is proposing -- that you think would be good for the.
Let's just analyzes 450 billion dollars almost all of which -- tax increases.
On the so called wealthy -- 800000 small businesses would be hit rather hard.
Tax increases on energy when we need energy in this country tax increases on a whole raft of other things.
It's not gonna stimulate the economy we were just props the other day on the joint.
Session He was making political points that even Democrats aren't going to support you probably saying a lot of Democrats griping about some of the things that he's calling for.
It's all politics and frankly I'd like to get away from politics and start sitting down and really doing some things that would help -- our country.
Korea North Sea bidding and as I mentioned a senator since 1976.
How can you make that happen.
Well I've been here now 35 years and we've never had a fiscal conservative majority in the United States senate we've always had three to five.
More liberal Republicans will go beyond Liberal Democrats on spending issues -- way to do this.
Is elected for Republicans in this next election and give us enough Republican votes.
So that we can make the changes and do the savings and cut back on government and get rid of obamacare which is going to eat us alive and also.
And we've got to get rid of that Dodd-Frank bill that was making its of the banks won't lend to small businesses they won't even.
And small business the way they should today and that's because in the over regulatory attitude there have been hundreds of thousands of regulations.
Formulated by this presidency in just the two and a half years that he's been proud.
I don't know it's that is eating us alive an idea and -- -- -- -- half years to get some of that in places and the question then becomes why isn't timeline for.
And winding it and had to -- giants back into the economy as soon as possible senator we look forward with a good question -- -- -- -- that -- -- an answer some of them.
And -- that we're gonna ask our next -- navy back jobs to our year race car fan Centre and we're sure you like Jeff Gordon.
Hello with what.
That's a guy very very good -- -- He's an extensive -- blast -- a little bit about jobs and you know maybe if the goddess good and NASCAR race and talk this out because -- figure out a solution for what they should do and -- -- -- And that's good -- -- their formal I well senator -- nice to have you thank you --