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Sen. Lee: We Need Tax Reform

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    Utah senator on 'Occupy Wall Street' protests, president's jobs bill

  • Duration 5:08
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So is the Tea Party to new boogie man.

Today democratic senator Chuck Schumer saying the Tea Party is the blame for -- stalling economy it's a Tea Party double dip recession -- gridlock.

Tea Party economics extreme Tea Party fridge.

My next guest says the Tea Party is not to blame.

GOP senator might -- joins me now thank you joining us senator.

I'm hearing a lot of this on seeing the Wall Street protests I'm hearing the let's say you know the book the protesters that -- well intentioned it's like their version.

Of the Tea Party.

Tell us the -- Wall Street protesters the left.

Far left wing of its.

Our equivalent of the Tea Party.

You know it's hard for -- to speak with credibility on that point I -- -- attended any of their rallies but I've attended countless Tea Party gatherings -- what I can tell -- was.

They're about one thing which is the federal government's gotten too big and too expensive that's all it is.

So it's it's interesting to -- here people compare the two but I have no frame of reference -- -- haven't attended any of those GAAP.

-- senator will be gatherings that you intended how many people arrested.

-- usually hundreds sometimes thousands sometimes tens of thousands who don't know how many were arrested at the Tea Party gatherings that you've attended.

Not -- to my knowledge ever so.

And it's nor mine so Tea Party.

Now meanwhile there have been several hundred arrested in in New York there is a hundred arrested yesterday believe in Boston.

Yet Nancy Pelosi calls the -- some other points of god bless the Wall Street protesters.

What do you think we -- -- the minority house minority leaders say that about these protesters.

Well look she's got the right to express whatever she wants to express.

And maybe there is some kind of message here in the east while -- -- among these Wall Street protesters that I'm not hearing.

-- to this point I'm not aware of what their messages.

The Tea Party by comparison has a very distinct message which is.

Federal government's too big and it's too expensive because congress has been trying to do too many things okay and then let's look we -- and let's talk a little bit about the Tea Party there's some that say it's not.

Grassroots more Astroturf.

Funded by.

No absolutely not I mean look we're talking about tens of millions of Americans who have simultaneously come to the same conclusion that there's a problem.

And I I've never met any Tea Party groups have never certainly met any Tea Party grassroots activists.

Who were receiving corporate funding so I I really don't understand that charge it doesn't make any sense it doesn't hold water our congressman.

I'm -- senator where we're.

Got word that mr.

Obama now.

May be looking to go around congress and get portions of his jobs bill which failed senate yesterday did get portions of that enacted.

What do you say to the president when He goes around your -- Well look if if if all he's saying is he's gonna have -- taken piecemeal.

I'm fine with that -- -- V cast individual votes on individual components of that even though that's originally not what He asked for in -- -- told -- this isn't -- all -- -- If He wants to go about it that -- -- go about it that way.

I don't see a lot and there I can support.

If we're talking about corporate tax relief -- about the fact that that -- the president is ignores twice this year.

That we should not -- the highest corporate tax rate in the world I completely agree with them.

If you us to go and do something like that you'll have my support -- The speech when I heard was him saying.

We were going to get -- done with or without congressional approval.

If that's what He means I have a real problem with that my copy of article one section one.

-- one of the constitution says that the legislative power the United States shall be vested in congress.

Which shall consist of a senate and house of represented its.

He can't just make the law on his own much as -- might like to assume otherwise so if in fact that's what he's saying I find that very disturbing on so what where does it go from here the four and 47 billion dollar plan that was voted down.

Now apparently Telus has -- go to the houses get broken into pieces in the house they come back to the senate what's the process.

Well -- being broken into pieces my understanding that is that we're gonna have a series of votes on some of those provisions in the senate and they may have some of the house as well but I know that.

Democrats in the senator planning to offer up pieces of the president's jobs plan.

In the senate we'll see where it goes from there and -- in other other pieces that you're okay.

Well there there are pieces that in some ways -- might be okay.

There there's a provision that deals with depreciation -- -- offering depreciation based incentives.

For corporations to invest in capital equipment.

If something like that's in there and particularly if we can make it permanent.

I could support that can support anything -- and -- -- -- anything with a tax increase attached.

Well loved it looked as the president himself basic knowledge that down economy is the very worst time.

To raise taxes and I don't think anyone is credibly maintaining in this town that we need -- tax rate increase.

I think we need to lower the top marginal rates and it all right eliminated hopefuls senator we're gonna have to leave their senator Mike Lee Republican from Utah thank you very much -- Thank you okay -- back tomorrow.

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