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GOP presidential candidate sounds off on gas companies continuing to receive large subsidies while prices at the pump rise
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This just -- -- is there.
Straight to CEO analogy it and now I'm talking to you from crawls east -- directly across the street from Lambeau and you should be here.
And indeed that would show where there and I know -- very well I'm I'm somewhat jealous so laughed as say hello Green Bay for me.
I and it turned out to -- that and then it turned out of the latest gas prices are high continue to be high.
And said the president wanted to end the tax breaks to big -- well and Republicans are opposed to it.
Why it's.
Well.
He's a nice touch.
What is this person -- says it -- person doing.
And a what is -- person Lewis and -- This is bigger nice to see you and I want to ask where -- you.
Well I'm -- crawls west.
Directly across the street from Lambeau Field and you of all people should be here I think you now your shareholders to like less -- -- -- -- I -- TDMA and I wish I was there and that Miller that must confess I'm a little bit jealous but death.
Nonetheless -- -- I'm here in Washington with that was a lot of activity going out let me start first of what happened the other day that.
The gas prices of course you and I discussed this before and they are very high.
President wanted to cut the tax breaks too with some of the big oil companies the Republicans are -- to it.
Why because these are astronomical profits at these companies are having.
Why not it's it's very strange you get more of what you encourage and you get less of what you discourage.
Like most good liberals -- and allow us to punish the people who provide goods and services and create jobs.
-- in ideological fixation.
I would like to see us become the leading oil producing country in the world.
The president could do that if he would and I'm frankly prepared to incentivized every business that will create jobs you know as of April 1.
The United States now has the highest corporate tax rate in the world.
Higher than anybody else.
I distraction -- kind of odd that all the liberals who have given us the longest period of high unemployment since the Great Depression.
The highest gasoline prices in history they just don't seem to get it.
They keep wanted to punish the very people we want to encourage I'd like oil companies out there producing more oil not less.
I consider it.
Punishment when someone's getting special treatment and a break I'm not part about it tax rate I'm -- about the fact that these oil companies have huge tax.
They get tax breaks of the not the rest of us can't -- can't have any use or don't get but let me -- an example.
ExxonMobil 41 point one billion is their profit up from 2010.
By 35%.
Use nut shell out thirty point nine billion in profit up 54%.
From 2010.
What in the world -- they need tax breaks for they -- bloated.
Laporte first of all the most -- breaks the president is trying to or take away.
Don't go to those companies most of tax breaks the president takes away go to the independents who do 85 or 90% of the expiration United States.
And you ought to -- -- with -- -- like -- the president's not suggesting that he raise taxes and General Electric which is a company which paid no taxes in recent years.
And and whose president has actually been.
On the president's advisory board so it's just it's kind of highly selective of the President -- who wants to pick fights -- I favor encouraging American companies to develop American oil and gas I favor getting the price of gasoline down below to fifty a gallon.
You do that by encouraging exploration.
Encouraging development encouraging building new refineries and frankly by doing things like approving the Keystone Pipeline which the president -- vetoed.
And encouraging development of the -- oil possibilities off of Louisiana and Texas which the president has stopped and opening up parts of Alaska which the president has -- so.
I have a plan which both -- American jobs keeps the money in United States and reduces the price of gasoline the president doesn't do any of those things.
Well I'm not in favor of -- sent -- of people being competitive.
But -- the gas prices so high these tax breaks are are being paid for -- -- and we see them in the form I assume of higher gas prices.
These mean these are these are not tax breaks that there are I had coming out of the present spot -- -- come -- out of the American taxpayer's pocket.
-- except except the fact is most as I just said.
Most of -- -- you're talking about in fact or incentives for independent oil and gas exploration.
And that market would dry up without the incentives you're asking people to go out and spend a lot of money drilling a hole to see whether or not they can produce oil and gas.
We want more people doing that not lest we -- to produce more resources not fewer.
And frankly I think this president just has it exactly backwards.
You know he tells us who wants lower gas prices then he goes on a war -- and -- You know and and it and accusing the very people who produce the gasoline in the natural gas that he's talking about.
And they do this regularly mean they have eight different agencies trying to figure out how to stop.
The natural gas companies from using fracking which is the technique by which they produce this enormous breakthrough a natural gas which by the way.
Has brought the price of natural gas down from 797.
A unit.
To about 205 -- with the same reduction in gasoline.
It would cost a dollar thirteen -- gallon so I'm in favor of following the same pattern we've had the natural gas.
-- we've increased production dramatically and we've lowered prices as a consequence.
We go to the question of the S sanctions against -- Central Bank -- -- -- sanctions at any certainty that they -- feckless sanctions in light of the fact that some people are ready waver some hundred a -- waivers.
You know I don't understand Obama's idea of appeasement and weakness.
If you -- impose a sanction on banks.
How going to be a serious sanction if you wave countries avoiding it.
I think I have to do is -- named OK I guess have to change -- call so another and I think they're ten countries I remember correctly.
They're ten countries on the list that have been waived so how -- the sanctions have any teeth and all that he's gonna do all their business to those ten conference.
It strikes me that is nonsense if you want serious sanctions it has to apply to everybody if you only have partial sanctions there's no sanctions at all.
Well some of the countries like Japan and South Korea and India they have the State Department has -- has given them relief from this.
Because from from some of them the sanctions because they say they've reduced the demand -- -- -- and while.
The problem that is they're gonna go get it some other place and other gonna Jack up the price that's gonna end up costing us more money at the -- Yeah -- -- said them.
Again doesn't make any sense to me if if they want a serious sanction against the Central Bank.
They need to isolated from the rest of the world financial market if they're not going to be serious about it all they're doing is they're they're being a nuisance not a threat.
But that's typically Obama administration which seems to do almost everything by half measure.
-- out.
Israel what you thought on how Israel must be responded to the fact that these sanctions gathered -- waivers and and some people get around him.
You know the Israeli government has been saying very clearly.
They are not -- tolerate an Iranian nuclear weapon.
For everything I can tell they have plans that are very serious.
To do a range of things that -- have may not -- a bombing campaign but they'll be a number of things happening I think probably starting in the not too distant future.
Ended the Israel -- -- -- -- very clear about they're not gonna risk losing their cities and suffering a second holocaust to an Iranian nuclear weapon now.
To the degree this president convinces them that he's doing something real.
I suspect they'll be more patient.
To the degree they think that what he's doing is foolish and weak I suspect that actually -- the timetable for them to do something pretty bold and pretty dangerous.
Explain to me why this President Obama -- submitted a budget.
Congressman Paul Ryan has submitted a budget.
And the senate has produced no budget and seems to me that -- needs to produce a budget.
So that we will release of something on a table to negotiate but if -- senate has no budget.
It stops and hope processor which is so it stops everything from going forward any attempt of negotiated.
Can you explain to me step by the political -- for second explaining why.
What.
Why would senator Harry re -- not want a budget put on the table at the least Begin the discussion.
Why I think there are.
Two reasons first so I think the senate has not produced a budget and something like 900 days.
-- -- they've gone almost three years now without a budget.
I think what happened was that their Budget Committee chairman Democrat.
Found out that he could literally could not produce a budget.
He could not get a majority the Democrats to agree to bring anything forward and they just collapsed -- and didn't end in failure.
And I think the problem they've got is that the spending cuts that they would need are unacceptable to one wing of the Democratic Party and the tax increases that the liberals want.
Are on -- settled another wing of the Democratic Party.
And so they've simply melted down so what you now have is.
A serious responsible budget by Paul Ryan.
Something which is really a remarkable achievement.
You have -- Obama sort of fantasy wish list budget.
And you have nothing for the senate Democrats and I think this will be one of the items which leads the senate Democrats to be defeated this fall.
When I go around the country I find a very large majority the American people.
Want us to get back to the kind of balanced budget we had when I was speaker they're very eager to see us get Washington under control.
And the senate Democrats and assess our.
And -- eliminated themselves some serious consideration.
As part of the government.
But Serb part of the job I'm -- I'm not saying that they would you agree with the Republican budget or the or the president's budget but I mean it isn't servant job description and you actually do -- work to help be a Steward our economy and our and our government as -- -- -- really hard time understanding how.
Everyone goes off on a two week vacation right now and that budget in the senate there's nothing for which anyone can the big debate and negotiate agree whether disagree with -- just stops dead.
But good strong president.
Who cared about a balanced budget would call the senate back in the special session and would say that you're not going -- to produce a budget.
And they could make it stick in the country would side with the president.
The average American is going to be very uncomfortable.
Knowing that their democratic senators part of a group.
That can't even write whether it's a good -- -- bad budget they can't even write a budget.
And I think that disqualifies them from contending.
To try to govern this country and it's a very serious mistake on their part.
Mr.
speaker thank you and I hope you wandered on highway forty wanted to Appleton and so -- about 25 miles away.
All right come on join us agreed rays have done well thank you --
