How to save the economy
Could Gov. Christie's plan work across the U.S.?
- Duration 8:37
- Date Jan 18, 2012
Could Gov. Christie's plan work across the U.S.?
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-- -- -- bitter attacks -- is one subject on which all the GOP presidential contenders agree.
And that is the need to lower tax rates and put more money back in the hands of American families now when asked what their tax rate of choice would be at Monday's Fox News debate while.
Here's what the field of.
Candidates had to -- When -- but tax simple keep it simple.
My plan has two rates ten and 28% which is the highest rate under Ronald Reagan when he cut taxes and try to get another 25% but right now to 35 so people better pay -- legally required but ultimately.
-- get let's get it down as low as we possibly can I'd like should be a flat tax of 15% I'd like to see us.
We should have the lowest taxes we've ever had an up to 1913 it was 0% lots of bad.
And at last night's state of the state address New Jersey governor Chris Christie who'll be on this program tomorrow night made this announcement.
Today I am proud to report.
That the New Jersey comeback has begun I propose to reduce income tax rates for each and every New Jersey it.
In every tax bracket by 10% across the board.
Joining me now discuss how we can save the American economy by putting your hard earned money back in your pockets.
-- nationally syndicated radio talk show host and now TV host.
With Tribune -- -- productions Billy Cunningham great American is here along with TV show legend superstar Jerry Springer Oreo.
Good to be here again like that Tribune and yet she -- -- -- I like him in the middle.
I like him in the -- -- song hero more in the -- and you know I let me let me show you some bolts question we have five trillion dollars of Obama -- About it and mr.
Obama -- new deficit debt new debt bogus bomb Yokohama.
Mort debt as we have a recession right OK I know these three years it -- that Obama yet but we.
We had he called George Bush unpatriotic -- July 2000 -- irresponsible page unpatriotic for accumulating four trillion dollars -- detonate years.
Now Bill Cunningham set on this program tonight mr.
springer -- that Brock.
Hussein -- -- -- which got you in trouble here was unpatriotic and irresponsible you would say what that way.
He's a great president and god bless him and -- and looking forward to the next four years when he's president again but having said that.
-- obviously we are in the recession obviously we're in difficult economic times ideally.
Ideally it be great of every American could have a job in the private sector.
That would be perfect.
But in a capitalist system which we for your mother have benefited very much -- in a capitalist system.
Every single business that exist tries to employ as few people as possible at as low wages possible with the -- benefits as possible so that they can get the proper what if we knowing that the government hasn't stepped in when people are running.
A bill -- and if we took that five trillion dollars and redistributed.
It right at the bottom 50%.
Of households in America.
Tens of thousands of dollars per family could have been given out per -- five trillion dollars of Obama debt.
Sean Hannity I look at it this way this is the Obama recession.
Weren't terrible time when I watched mark lemon last night the great -- pick up that football.
And throw it forty yards down the field and my heart when a floor in -- mark love then if America tell via unbelievable right hook let's face it Chris stress -- has it right cut taxes.
Let's face it Newt Gingrich has it right which is a flat tax let's face it your guys is confessed to -- about the well.
Taking money out of the private sector that could be used to grow the private economy and grow the.
When you get a little pact would look.
When you first of all.
For you guys that are saying always -- -- great to lower taxes how come you -- the guy it's fighting when Obama wanted to extend the payroll tax cut.
And Republicans came back and said we would only extend the payroll tax cut pay the top 3%.
I would get a -- more I shall pay -- will pay for absolutely we should pay for it and I'm willing to pay more for -- but the last time is on the show you say I'd have to go back to I want to pick him over which -- percent of -- -- -- get us -- all in favor of the Jerry Springer.
Box in the on the tax form.
And that is that if you want to volunteer money you when Warren Buffett all you liberal friends and Hollywood's if you wanna donate money in the guest said.
Had paid out of that I'm -- terrible I'm so I given up but -- but the point.
First of all we can never say -- Never -- a certain how this business about when it comes to our own country and it -- comes to providing for people in our own country I don't know what never.
Enough he really means.
We're perfectly okay to send -- sons and -- the fight and die and -- you don't hear those kids saying aren't enough I'm not going to -- I don't believe in freedom not you but does -- you want if you want the state to confiscate our I I don't angels' money never sell the nature competently but that but got 55% of -- income goes to taxes just I'm just I am saying I am saying right now since the private sector cannot employee everybody.
It can't because it cut it in every business we're in cut to Brazil and this -- -- voices we we haven't got any idea where I still have a strong and elect Jerry -- the technical and embarrassment to the Democratic Party.
Yes you aren't embarrassed -- -- Eisenberg but we need a government got not a part of the Democratic Party how would you I used to be.
-- private enterprise operates best when private individuals have money to spend which grows -- -- economy you believe there's a large bureaucratic government must be properly fund it because people who work I say government needs to be far distant industry and the private enterprise and you -- -- -- -- that you -- agreeing that a great portion of Americans won't have jobs because.
I'm telling you with the private sector will never gonna ask assembled -- it went from yes it well the private sector will never be able to employ everybody because the goal of every private business.
Is -- to -- -- play for the better part computers.
Or it's an asset I have always felt like I listen to the voice for the better part of the bush years unemployment was lower than the -- the 60s7080s.
And ninety's final Saturday on what what what -- -- Obama has lost millions of jobs -- he's been President Obama did give me lose drive CBS -- we have one man who lost 1150000.
-- six million jobs in the -- -- losing the last year the bush presidency we were losing 750000.
Private jobs -- at a model was the unemployment -- when Obama became president.
We had -- the recession now it's hit and now writes -- -- Obama put his pants on sit at the table and take responsibility for his economy he got everything he wanted to pass no we didn't yes exactly I don't know you guys fort.
And now court now in the Arizona milliseconds and the courage you know there was a veto Giuliani first warned against number one did that stimulus package is -- anywhere near a large enough all of my lawyer and -- like oh gosh you guys are great could you have jobs millions of Americans who don't have job as Obama is.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- The bit capitalism can only work in America.
If we recognized.
That in the -- the era.
They get private sector that can never employee everybody does and business to make a profit I gotta I therefore you have to -- Public works and I guess what I have to we have four -- -- I -- -- -- -- limited you don't Obama has accumulated five trillion dollars in -- Wait a minute.
We've lost millions of jobs since he's the president these are just facts because you don't want added Jack elated to -- -- -- I think you when you start to wars.
He started towards you can -- wrote the Republican I'd start a third one I can take out the Iran and nuclear facilities tomorrow Jerry Springer and how we gonna pay for that I keep dropping tax -- -- I would drop the are all right well what I thought they had problems under the don't pay for health care.
Do you know don't pay for that's -- I know don't pay for things that's -- we don't have a lot of holocaust life country that most of all you right answer to do is.
Is made toward that wealthy people don't have to pay more tax -- which are kind of my thing yeah you get less threes are never before well you know -- -- a lot I know it's not your audience we pray for the rest of America -- -- they wanted to irritated the rest of America right now Billy and.