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Retiring Rep. Steve LaTourette (R-OH) tells Alan why he’s urging his party to move to the center.
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I'm an -- -- look at -- and if he looked irreparable Ohio.
-- in the northeast Ohio and house since 1995.
And are you surprised by the results of the election states.
Stahl yeah that's not so much I mean -- what was happening.
-- -- after the Denver debate.
You know governor around the -- -- across country except -- -- the eight swing states and then have to give credit to the president and his campaign because.
They spent the month of August defining.
Mitt Romney is the evil -- from Bain Capital -- whatever.
And and so as a result you know even even though people were pleasantly surprised with his first debate performance.
And -- We didn't see the numbers moving west.
Socially moderate fiscally conservative women and the end of the day if you don't get that a group of voters to vote for -- -- went.
What has to happen to the party now what what you've said some.
Pretty scathing things about your own party over let's -- Louis.
Well presently we we have to do a better.
Recognizing that -- -- national party.
You you have to address -- majorities of people in the nation and convince them to vote for him and you know and -- demographics are changing the Latino community becomes important.
The the women I mean we we have to step scared lemon and I I've used the example -- A group in the suburbs of Cleveland I think 97% in my graduating class was Jewish and -- I -- that I know these folks well and you know that a lot of them weren't happy with what President Obama was doing this -- prime minister Netanyahu and and it is policy towards Israel so they weren't thinking about.
Voting for governor in but then when you do that you get you know some idiot in the in Missouri first involvement in the comment about.
I was body shutting down -- she's been right right.
And then just when we sort of have forgotten that from moment to get America act on the same time yeah and and you know my wife who -- one of these voters she she says it'll look.
The Democrats their fiscal policy scares me a little bit but all they can do is take money from me and taxes that you guys -- -- party if you want to run my life and and.
That's scary thing to tell you why put of democratic and I actually tell me I can't anybody actually.
It's.
-- what you know so so it.
It's back to have -- Obama won the Jewish vote.
Get that going absolutely dead but about it -- it.
In many in many years probably the months leading up to it there are a lot of people in the Jewish community at least -- where I live.
Who were having conversations about you know we're we're we're not completely on board with what.
The president is doing as little bit like you know if you're gonna dump your prom date you want to make sure you have -- out of date and and Romney was never able to convince people that he was the right -- -- take that from.
So Nell obviously.
Each side you know whenever -- -- somebody went to declare to mandate and -- of the mandate is and we have congress and the senate are relatively the same numbers -- -- -- Democrats picked up -- -- right now you -- the fiscal -- issue patty -- -- -- to present the news conference -- the president says.
I know underage sex is across the board I think gets bad the economy we got and if of people over 250 is that deal -- to be able to remain on those terms.
Now and then any knowledge at night I really I mean the president has a very Smart man and I -- -- OPEC continues to be his position and so everybody -- -- around the world.
And and quite frankly the president knows and John Boehner -- and Harry Reid knows.
That you can get there from here where it would is that tax reform and then you put what you need to have -- -- A five trillion dollar deal over the next ten years.
And out of that five trillion about the Chilean you have to -- six have to be increased revenues from taxes now.
The president saying he wants to you know let -- as the top 2% pushed actually expire.
-- that doesn't take care that's about 700 -- you're still 800 billion short.
And so what Boehner -- to -- and I think Kerry Reid and I think the president has.
Sort of intimidated -- quite -- on the hardline stance.
Is is that as long as you give me a billion trillions six excuse me the trillions six increased tax revenues.
Then that I learned to deal and and it's gonna look a lot like you know because that's from the mine and then when they were negotiating during that the -- -- here August.
I think the speaker and the president both would have cut that deal similar to what I was talking about.
If if they hadn't had you know sort of the extremes of both of their party -- that.
Wears -- wears a million where does that one point six come from.
-- the the one point six comes from you know by broadening the text base and then you know Paul Ryan who was.
Famous -- for the Ryan budget I -- testified right behind the rules when we introduce vegetables.
And the way he explained it and is -- -- on the land they would have a problem with that is that today.
But all the loopholes gimmicks and everything else good company like General Electric.
Files -- There's -- -- -- -- 60000 page tax return and lawfully doesn't pay any federal and protections.
Under under the scheme of tax simplification all those gimmicks would go away that it probably.
Submit -- tax return in a bar napkin but they would pay 25%.
Well and you know now to General Electric that brother looks like -- actually increase but.
If you're saying that everybody you know we're we're gonna pay 25% the problem with the president's plan is that that wealthy people in this country.
Didn't become wealthy by being stupid.
And history history shows that that when you take the effective tax rate up.
What they then begin to do was look for other investments and so.
They able like Warren Buffett that the president talks about it either Mitt Romney they'll begin to to -- their money into investments that there are going to be taxed to see interest -- or are.
Capital -- -- really Cayman Islands.
That did you so you think it's -- -- they'll come out of the hide of corporations that's where the money's gonna come from.
-- and individuals I mean it is open which individuals that the wealthy individuals and -- And then in a different way as well I mean Putin held -- command of the wealthy if you're saying you know and agrees to a tax increase -- well because they're not going to be able to shelter and a portion of their income.
And then Mitt Romney is an example pick on him -- as an effective tax rate of 14% the day.
-- effective tax rate of between 5% but we're not we're not taking that bracket.
Which is a 35 up to thirty that night.
-- and increase the bracket on the wealthy but rather go after.
Those people who have shelter so that the fifteen -- 25 equipment you still capita what 35 whatever it is now.
It immediately -- it stays the same but but but the other thing that happens is that -- -- and people are surprised that this is a Republican proposal the other thing.
You know if you look at these deductions that are important to people modest means the home interest mortgage deduction and then charitable giving.
We would also capsules and then say that you can give to charity we encourage you to give to charity but it's going to be tied to 2% of income.
And if you look at the home interest mortgage deduction its purpose is let more Americans facilities the American dream of homeownership.
The guy that's making five million dollars -- in the six million dollar home.
I would argue doesn't need the home interest mortgage -- -- the -- and anything do all those things he you can you can get to one.
We -- not gonna take the middle income guy or woman and say.
And you gonna we're gonna give you less of an opportunity to our tax deduction they'll still be able to deduct what they're deducting now.
And actually they'll be happy I mean -- I don't know if we're here effective tax rate minus 34% and so.
The effort like me.
So I think I look forward to paying 25% because -- less -- -- -- now.
But but it is you know there's also that captured the Warren -- Mitt Romney's -- Do you think this the deal that can be struck with the president.
But this still could be -- This week if the president -- world do you think he has.
You know I again ankle back to a year ago August and I know what the president has -- -- only has to say.
But you know does this only gets done and and -- you know I was glad you about your observation about the mandate that.
Nobody got a mandate in this election that that this was about we send the same bunch of guys and gals back.
The Washington.
Recognizing that we don't trust -- -- -- but we expect you to do something right and that the only way this thing gets done.
That is it is -- you know we we give on the revenue side.
And and the Democrats begin to say you know what -- -- -- started life expectancy in this country was 63.
Putted seven in our own.
And that maybe we need to make some adjustments -- slashing benefits but saying.
And we got to -- -- was your -- -- guilty for not wanting to work with this president during his first term.
-- get to know not not to the extent the president would advertise -- -- but you know and I -- -- -- That is what what turned even I'm a pretty moderate -- but what turned me off during the president's first term he would say he wanted to work with us.
But if you look at things like -- affectionately called obamacare -- with cap and trade typical but the only thing exception is that frank.
Did Nancy Pelosi just basically who ran a true and she -- disenfranchised Republicans.
But also our own party I mean there were no amendments no discussion no anything else and so.
That that that's not working together but we are also guilty you know when Mitch McConnell says -- number one issue.
It is just to defeat -- about reluctant -- really doesn't send down the warm and Fuzzy some.
That's a fair and balanced assessment and -- fired it into better.
Congressman I thank you for your time tonight thank for talking to Allan thank you good luck thank you sir that's congressman Steve -- tore -- of Ohio.
