Chris Stirewalt, Chuck Rocha and Ford O'Connell discuss the latest on Capitol Hill.
- Duration 7:43
- Date Mar 29, 2012
Chris Stirewalt, Chuck Rocha and Ford O'Connell discuss the latest on Capitol Hill.
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The president is proposing higher tax rates and more loopholes more complexion of the tax code which is contrary to this bipartisan consensus.
That we're seeing evolve in this country there are Democrats who agree with us lower tax rates broaden the base for economic growth and that's where proponent.
Was congressman -- -- and the pride of Janesville Wisconsin.
Talking to Chris Wallace on FOX News Sunday earlier this week about his budget plan that calls for a very substantial tax overhaul basically creating two tax rates in America 10% and 25%.
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And we should our great party welcome back to chuck -- child who was I don't know whether he wanted to come back after the last time but I'm glad you're willing to take it you have to be -- wrote that he's rolling the -- we did get and Ford -- you know him well Internet you follow him on -- he doesn't Wear socks with his -- he's a pretty big deal.
You know you that's happy -- job but he can't help it so -- quickly -- the question gentlemen is this so there will not be a budget this year.
Under -- circumstance is -- congress of the United States going to pass a budget it will not happen.
And hasn't happened for a number of years you have divided government.
And it's it's just not -- so these are political documents president put forward but platform essentially platform and economic platform for the future.
Paul Ryan has -- the house is voting on Ryan's today.
Do these votes.
For the president's bill for Ryan -- for president voted against president voted for against Bryant do these things really have consequences -- Start with you I think that the key will be that each party has a philosophy on how to get or to solve the problems of America and there's two different -- been proposed.
And I think how they're really going to be used in our partisan politics you're gonna see TV commercials.
You're gonna see people using pieces of the Ryan plan because you Republicans using pieces of the Obama plan.
To orchestrate those on TV in the way that they think will move the electorate might not know the electorate but just at electorate in the middle that's going to be the ones -- determine who controls the senate.
And probably who's gonna in the White House.
You know I actually have to agree with you because I think both parties just -- -- they -- all they could do.
Because eventually you know we did all that you do to make their opponent Labatt -- that's exactly right and it's really unfortunate the American people lose out here -- -- -- -- -- at -- -- until -- -- -- -- -- get a -- -- -- tax -- Growth in this country's argument you know happen and we're going to be back to where we are -- -- one.
2013 unless somebody steps forward and actually offers a solution or permanently usually -- point this out there and had given all given what we do here but given this Hamachi that we see between the two -- I doubt point out.
That -- is a Republican and shot is a Democrat and we're not used to this kind of agreement.
I -- though that I can -- you guys I think I can clean this bonded with this question.
For the Ryan budget specifically that's going to be voted on today which includes some varied.
A major overhaul of the tax -- -- flattening of the tax code and turning Medicare system into essentially a voucher program.
-- he has another word for I don't know because of -- -- -- it's it's basically giving seniors a voucher with which to buy private insurance.
So can Democrats successfully used this.
To defeat house Republicans.
Because the house Republicans are gonna vote for chuck.
Absolutely we've done this with the last run budget that he proposed two years ago I mean anytime you start talking about senior citizens back to the voting these people vote.
They voted last time for John McCain the year before that they voted for the Democrats.
We will say that any kind of cuts any kind of meddling with the Medicare system won't hurt your benefits you don't -- -- put in the hands of private.
We want to keep it in the hands of the government to you have to secure response every time and that you know you're getting.
Well for your return.
Sounds she makes a lot of sense he's good -- -- New -- point six on national basis is -- press program off the cliff she's gonna tell us so we're crazy we don't need to cut were.
We're not about actually balancing the budget talks about -- sixes are less special election that took place in New York in way to Republican leaning district fell to a Democrat in part because of this message exactly anymore we're gonna do is we're gonna say if we don't stop the bleeding now America's basically on the path of destruction.
And Paul Ryan has put forth some bold solutions particularly in the tax code because if we don't get a hand on -- tax code we're gonna kill small business that -- kill small businesses to me no growth in the US so there's a lot of ideas and that we need to push forward what we need to be very Smart about how we messages.
Because right now unfortunately messaging is winning elections not actual ideas.
We here's so so we agree that this is a consequential thing even though that consequential in terms of how the government spends its money you guys both agree that this is politically consequential moment today -- Absolut -- are so we -- that we're back in agreement.
Back -- -- good.
It's now I wanna move on to another topic.
That is what's going on with energy in America today there's and there's two things one is very practical concern.
Which is that on the 31 at the midnight.
Legislation that funds highway transportation and authorizes an eighteen point seven national federal -- eighteen points -- a gallon national federal gas tax.
Expires and it's gonna put and they will have to start laying off people at the Treasury Department.
And it's so you have this immediate practical concern.
But he also with the president's argument and this is a political concern who has the right argument Republicans or Democrats.
When it comes to saying what we do about the high energy prices that America is experiencing right now and it's not just gas -- electricity and its other things that Americans are experiencing and it really putting the bite on to the voters that both sides want.
So I want to start with the good the larger question with -- and asked.
The president is trying something really tough on this he's trying to re educate the electorate.
Wow persuading them and saying it's not my fault right.
It's so it's a forty year problem.
And we need to fix it long term and he came out today with some very harsh language -- Exxon and the oil companies trying to set them up.
Do you think he can pull this off.
The concern is it every day when somebody goes against top.
Every time they go to guess probably see what the -- so that the president has to be in front of this to go over my tenure we -- all.
All of the above strategy and while he's been a president it's it's important for him to make the case that.
Domestic consumption -- domestic output of oil in the US is up 18%.
And also there's -- investment -- technologies and all of the above strategy to go I'm trying to do all I can do but he's got to make good direct impact to the voters because every day when somebody does have their gas -- that's we have to do the dual strategy persuade educate persuade educate because it in the day he's the president and people looked -- him for solution almost.
Eighty almost eighty dollars.
Power play paid -- if you look at the old war wagon.
And I I noticed I definitely notice when I was doing that.
For the question.
What happens in the house basically we're now down to some very small some small scale.
Fighting over this.
Will we extended trading statement looks like we're gonna extend it.
But this is.
The best case scenario now is a three month extension of this legislation that if it is it's sunsets causes huge problems.
What's gonna happen.
-- -- the president is in real trouble.
Gas prices and it right now he says yes and all of the above approach and it's not -- -- approach.
There's several things he can do if he wants to win an election with respect to gas prices he's basically pitted his whole reelection bid on an economic recovery.
If gas prices stay at four dollars or more for several months he's gonna lose and economic recovery is a couple of things you can do is -- real -- -- the environment.
Namely what he can do is you can actually get rid of the nine -- suspend the US merchant marine act of 1920s well.