Will GOP take a stand on tax hikes?
Michael Reagan weighs in
- Duration 4:51
- Date Nov 28, 2012
Michael Reagan weighs in
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But you know no one knows this whole debate better than folks here in California out where it's already happening a proposition that was.
Actually overwhelmingly a -- hiking taxes on those earning more than 250000 dollars a year separately.
Sales tax hike that would pretty much affect everyone.
Michael Reagan says what Tom -- Democrats in congress want to do is not the way to fix the economy and California is living proof.
Ave where the Republicans are defending not to finding they are losing.
And right now -- -- they're not defining issue they've allowed the president to define the issue here in California thirteen point 3%.
They referred to what does -- millionaire's tax 250000.
Dollars plus the sales tax going up.
Paper this morning a temporary tax hikes -- -- -- department called the big.
There's literally -- what are temporary I don't know why everybody saw as a temporary and -- -- -- but it's old as the temporary sales tax but you might remember it.
You don't you don't live here but the City Council voted just a couple of weeks ago to put on the march ballot.
Another increase in the sales tax here in the state of California.
Somehow they think that if they tax -- more -- less people will leave the state.
The gentleman who ran proposition 32 in the state of California.
The end of this year is moving to Texas.
So you have people who work political.
Operatives you have people running for office we're losing end up going to taxes as our jobs going there and industry going there.
It seems they never learn and here's -- you didn't hear from Tom Cole.
You don't hear the Democrats about spending.
Remember California we voted we didn't vote for -- the state of California's housing 100 billion dollar trained to know where that we're going to see.
On a quid pro -- your dad when he was president 1986.
It became a famous compromise that would call for -- -- -- some taxes but but.
The -- would be.
-- that each side gave a little ground.
Well that was the negotiation -- you might remember three dollars in spending cuts to every dollar new taxes sold my followed by Bob Dole.
Ronald Reagan my father bought into -- that okay deal taxes went up a dollar.
My father's -- his grave since 2004.
Still waiting by the way for those spending cuts to kick yet.
You might remember just a few years later.
Bush number 41.
Got into a compromise two for 12 dollars and spending cuts for dollar new taxes he wouldn't give his pledge of no new taxes.
And the Republicans.
Got hung with -- and he got hung with the especially in the 1992 election and lost to bill were and who.
Probably you witnessed but.
It happened that was that was a Republican operative.
Do you get a sense.
That in 86 at least your dad succeeded in doing something -- -- usual.
Getting rid of a lot of deductions -- allowances credits that did unnecessarily complicated tax -- and prevent some from paying taxes.
Grover Norquist today would look at that.
As a retreat.
A violation of a planet but your tax point was very -- -- I'm not trying to say.
I tax of people try to make through that everyone.
Everyone pays their -- what would would doing that today reining in allowances in the like of this and.
I -- and -- at the very people who were willing to rein in their allowances to what happened.
But they want to see something happen on the other side.
You want to see the spending cuts really take place everybody agrees Medicare is going up my wife just got.
A note in the mail former church provider.
Her health -- is going up fifteen point 1% next year anthem blue cross here this state of California whites because -- they have a monopoly in the state of California.
So what we're told obamacare was gonna less than everything is going up for everybody in this country nobody's seemed to be what he would compromise a little bit on this if you've got to the spending cuts -- would you if you got is if you've got to spend when you're writers and what happened what I say is.
You don't do anything tell you get the spending cuts they all my father of three dollars and spending cuts they would George H.
Bush -- dollars in spending cuts.
You put in the five dollars in spending cuts -- talk to me about reducing what I can write off America.
But I tell the Republicans if you buy in Q raising taxes first.
You'll be like Ronald Reagan to George Bush he'll be waiting a lifetime for the spending cuts they will not happen we all hope they utilized to the next election.
Oh absolutely -- -- like -- next election.
And if they were conservatives were the conservative standing up right now for Grover Norquist.
It's time for -- leadership to stand up for where the party stood for years against higher taxes --