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Now we want to get the Romney campaign's perspective on where things stand we're joined by Ed Gillespie's senior advisor to governor Romney and -- welcome back good to be back thank you thank you just heard my conversation with Robert Gibbs and one of follow up -- one of the points he made.
Under their plan.
With the Obama care in this -- 716 billion dollars Medicare our day which -- the hospital insurance part of Medicare.
Stays solvent until 20/20 four but if -- governor Romney has elected and follows through and repeals Obama care.
And takes away the spending cots and takes -- the tax increases the Medicare -- say that part -- then becomes insolvent.
Only four years from now and eight years earlier what's governor Romney gonna do about that.
Where -- -- -- reform Medicare this that the that estimate does not.
Assume that there will be any other reforms and as you know the the Romney Ryan plan is to save Medicare for future generations.
By allowing four different options four people if you're.
By the way below the age of 55 then be no change for anyone who's currently on Medicare or 55 and above.
And the reforms that they would put in place would make Medicare put it on a sustainable footing for as far as the eye can see that's an important distinction.
But the problem is that those reforms don't pick and and one and that's when you're selling points.
Until 223 it doesn't affect any seniors or anybody is close to being a senior.
But that doesn't solve the Medicare part -- problems which kicks in and 26 -- so what are you gonna do to keep up par today -- between 2016.
After you've -- Obama care and 20/20 three.
-- there are other reforms as well as -- -- governor Romney supports gradually increasing over time bringing the Medicare.
Eligibility age in line with the Social Security.
Retirement age secondly this Congressional Budget Office notes that these these understands -- by 2016 -- I don't that was also -- -- it's faced him but it would it would extend the solvency that there's Congressional Budget Office says.
That the assumptions about the the Medicare trust fund part a being -- -- 324 under the Obama.
For care proposal.
And that's affected -- what we do know is that the as we heard Robert Gibbs said.
They are funding obamacare by taking 716 billion dollars out of Medicare now current beneficiaries affected by it.
And people who paid into that program for guaranteed health insurance are now seeing that money go.
Two other purposes and that's wrong and we welcome this debate and I think that's why you see.
Governor Romney Paul Ryan in Florida yesterday talking about the need to save this for future generations to repeal obamacare and restore those cuts and reform it to save it.
Now let's talk about the governor's long term solution that's what you're talking about turning it into a premium support plan but that doesn't start again I want to point out.
-- 2020 rate for people who are now under the age of 55.
The nonpartisan Congressional Budget Office says -- let's put it up on the screen.
Under the proposal the gradually increasing number of Medicare beneficiaries participating.
In the new premium support program.
Would bear a much larger share of their health care costs and they went under the traditional or existing program according to one estimate -- 6400.
Dollars an added cost because the premium support you're not gonna cover all of their health care costs.
Yes that 6400 dollar estimate I think is it it's like an assumption it reminds me a little bit of moved Steve Martin's book how to become a million efforts to get a million dollars.
And you know this is an assumption of saying well we think that we assume that people are gonna pay more.
If you look the fact is that allowing for greater competition by the way.
The first choice the first option and in those options for those again -- below 55.
Would be to stay in the current Medicare system as is.
Did the fact is when you look at where this comes from the -- -- this a big dates back to Bill Clinton.
Appointed Medicare saving commission that was bipartisan.
Brought forward and in fact was put -- a proposal by Ron Wyden and Paul Ryan because people understand these reforms.
Will make big program more efficient and save it for future generation.
-- -- down the Congressional Budget Office nonpartisan there the score keeper on Capitol Hill says that under the premium support plan.
That that Medicare beneficiaries will -- a much larger share of their health care -- that would we reject that and our analysis Chris and don't believe that that is accurate.
What about the argument.
This is more of a campaign political issue.
That you hear from some Republicans now that -- all of this focus on the budget and Medicare.
That your campaign is getting away from your best issue which is Obama and the economy and jobs.
Well as we saw yesterday -- 44 out of the fifty states unemployment went up and the economy jobs is a very important part of this campaign we're gonna continue to talk about.
The -- Ryan plan for a stronger middle class more jobs more take home okay.
But we also need to do some things in terms of changing business as usual in Washington and trying to get control.
Of our budget and trying to save Medicare for future generations rather than allowing it to go bankrupt and we wanna make sure that voters have a clear understanding of the choices here we -- would be -- to understand.
You know -- Nancy Pelosi said we need to pass obamacare in order -- what's in it that part of what's in it is.
-- seven and sixteen billion dollars in Medicare cuts.
So we're gonna have a debate about all of these issues and we think a more fulsome debate.
About the future of Medicare and the -- right approaches is good force.
This week governor Romney pushed back on the allegations by senator Harry Reid.
That he had heard from some unnamed source that that Romney had not paid any federal taxes for ten years we'll take a look at what governor Romney sat.
Over the past ten years I never paid less than 13% that the most recent years thirteen point six -- -- like that.
Of why it is gross income or as taxable income adjusted gross and probably was what that was we've we said this this is this federal income tax effect of -- -- -- country so it's of the gross income because -- just taxable income and that doesn't tell us.
How much he's been able to shelter in the Cayman Islands are Swiss banks I believe it's -- on on the adjusted gross income which is -- the attacks for returns from most people this is what the rate is based on.
Governor Romney has promised to release is -- eleven.
Tax returns this year's tax returns before the election as soon as they are completed and the deadline is October 15.
When should we expect them.
You know I'm not sure Crist are being finalized there's a lot of forms that have to come in from other entities that that the governor doesn't have control over but people have ample ample information as they have.
Last year's tax return -- the most they'll have the most recent tax return for this year as well and by the way can go on to the website and -- personal financial disclosure is going back to to 2002 but he has not released this year's tax the other B two years have -- full tax returns which by the way is consistent with what.
John McCain did in 2000 and it wasn't an issue in 2008 because.
-- Obama wasn't trying to distract from a four year long record of failed policies.
-- the deadline.
Is October 15 yeah that would be three weeks before the election that would seem to me.
To be at -- crazy time to -- tax returns so strategically.
He got to make a decision when you want to release these talks entrance because you know we will be.
At least a distraction if not an attack point for Democrats sure.
Look October 15 is -- it is the deadline for the IRS on an extension we have said as soon as they're ready we're going to release them and I believe they'll be ready.
Before that -- Friday after the Democratic Convention cut short when they'll be ready that's up to.
Certified public accountants not me -- The president -- after the Romney Ryan tax plan yesterday in his speech in New Hampshire which he said.
What cut taxes on the wealthy and raise taxes on the middle class let's let's.
There's no running -- congressman Ryan.
You did but Florida plan the -- would let governor Romney pay less than 1% in taxes on the computer.
And here's the -- -- expects you to pick up the tab.
Now the Obama campaign says that under the Ryan plan Romney would pay only 1% of taxes because under the Ryan.
Plan and it it's -- is true.
It would eliminate all taxes on capital gains on dividends and interest.
-- the -- Romney Ryan plan which is governor Romney's proposal for tax relief.
Would allow for people with incomes households -- comes less than 200000 dollars to not pay.
On capital gains and dividend because we believe that would help Foster greater job creation and would help middle class Americans.
Have higher take home pay that's an important.
-- our economy right now is to spur job creation allow for middle class.
Workers are living paycheck to paycheck to have aren't they don't want any.
No -- do they would not that would not change.
So -- been capita taxes on capital gains on interest rate.
So the president when he talks about the Ryan plan that part of their of of the plan as an operative.
But anyway because.
Mitt Romney is the nominee and Paul Ryan has joined him on the ticket which we're very glad about we think it's had a very beneficial effect on the debate -- and on the ticket.
But Paul Ryan is running on governor Romney's.
Proposals that he put forward -- and getting in winning the the Republican Party nomination.
And the fact is that is that those are his proposals are two lower capital gains only for those -- with incomes below 200 pounds so this talk about 1% tax.
It like everything else Chris it's just trying to distract.
From the reality in the real debate look.
We had Paul Ryan in Florida yesterday talking about saving Medicare and stopping the -- the piggy bank not treating it like -- piggy -- you had.
Mitt Romney in Ohio in coal country talking about the importance of domestic energy for our economy and for jobs and what are we had from them you had Joseph Biden and Virginia thinking he was in North Carolina talking about putting -- back in chains we had President Obama.
Doing an interview on -- morning zoo with morning -- disc jockeys talking about what superpower he would have if you were a superhero.
We want -- serious campaign.
About real issues that are facing this country and it's time for that we will win that debate and that's why they're trying to avoid that debate OK -- finally a couple of questions on running -- Do you really think you can make Joseph Biden and issue in this campaign.
I think the Obama Biden ticket and their approach.
I'm talking specifically about -- -- well I think Joseph Biden makes himself an issue.
And you know the fact is that when you look at his rhetoric when you look at the kind of stream of attacks from Joseph Biden vs the very serious proposals that are being put forward.
By Mitt Romney and and Paul Ryan I think there's a very informative contrast there between the two tickets in the two approaches.
And looking back at.
And it's only the first week but looking back of this first week what specifically do you think Paul Ryan has done for your campaign.
I think he has helped reinforce.
What Mitt Romney wanted which is a big debate about big issues elevated the debate now that.
The Obama Biden campaign is gonna continue to try to make this about little things and distractions.
But I think the American people realize that we're inviting a serious discussion of the challenges that confront us as a country.
Putting -- positive solutions and I think they're gonna reject.
You know the fear and smear it's that -- that you know the campaign of hoping changes has -- to one of fear and smear but I think the American people want to have the bigger debate about the big issues.
And look you know Paul Ryan has has given a real jolt in terms of the number of volunteers who have signed up and contributions coming in on line and you know he has a relationship with governor Romney that I think is a very positive one and and I think that they.
You know they're very good together and I think people see that.
Ed thank you always a pleasure to talk with -- -- and I didn't -- minute thanks for having.
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