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Affected -- joining me to give us the Republicans view on some of the things is somebody.
Was made headlines recently when he appeared to distance himself from a long stand standing pledge to oppose efforts to raise taxes that's Republican senator.
Saxby Chambliss senator what about the -- thanks for being with -- always good -- -- -- John thank you are right so Grover Norquist.
Americans for Tax Reform.
-- sign the pledge when you first running for office saying that you would not raise rates or revenue.
And then you went on an interview and you said well I care more about this country than I do about a twenty year old pledge.
You've taken a lot of heat for this I'd wanna get a chance to explain.
Now here's my difference which with -- shown is pretty simple.
The Simpson Bowles plan that came out that says if we're gonna -- a long term debt of this country.
Recommended that you eliminate all tax credits and tax exclusions in a major tax reform package.
The gang of six that I was a part of still -- -- part follow that recommendation.
We thank you ought to eliminate all of that that will generate about one point two trillion dollars in revenues.
Not new taxes revenue.
Then you decide where the gonna head the mortgage interest deduction charitable deduction though things back in there so the question is.
What do you do with that revenue -- been generated -- 016 trillion dollars.
I think that you got to pay part of that revenue towards that dead just like every single American that owns a home.
-- part of their monthly revenue towards their mortgage debt.
It's exactly the same thing the -- available that I have is that he says if you do that that's a tax increase.
Because the rest of it's gonna go to to lowering tax rates and that's not a 100%.
Going to lowering tax right I think if you talk about one point one of one point two trillion dollars in new revenue.
And I don't wanna get in a parsing words here but.
That's raising taxes people gonna pay no I want people -- know or isn't what you did not gonna pay more.
Now I mean then you show what we do is we lower right.
It's you lower rates commensurate with the amount of revenue that you take -- with the exception of taken some of that money.
And applied it to your -- both Simpson reduce the number of brackets from six to three.
We have eight to thirteen fourteen to -- -- -- due to -- and that is the lowest and highest brackets.
Everybody is going to be -- -- at a lower rate the highest rate today's 35% the lowest rates -- on the fifty cent.
This doesn't recommend this math doesn't add up in all honesty here if -- if it looked.
I I understand where the government in -- -- very concerned this is the first generation.
More Americans are saddling their kids with unsustainable that and we've gotten off the track I just as a conservative.
I believe an economic growth ice I think government spends too much money.
But you're saying the government's gonna take -- one point one trillion more dollars through tax reform.
Eliminating deductions but not increasing the tax rates for lowering them.
You still getting more money and it's not through -- so that means people are paying more right.
Don't know the money's not coming to the government the money is coming to him to be used to lower those rights as well as to pay down the debt shown and what you're black eyed about.
You're exactly right about economic growth and you just look at what's happened in the last year.
We've had just a very slight uptick in economic growth and we've seen about 350 billion dollar revenue increase.
The problem is this administration's spending -- that money.
Well set -- planet today can you imagine what kind of economic growth we would see if we had real.
Gloria corporate tax reform be -- this is where it might turn to the president nice of the first of -- he didn't leave with the grand bargain the last time and Bob Woodward.
Brought a pretty detailed book about -- the whole experience.
More important thing here is.
That the Republicans are saying all right we will go for increases in revenue and -- And I don't want to -- terms is not a tax increase technically but it did take it in more revenue and it's not from growth.
People are paying more they're paying more money to the government.
But the -- the president and the Democrats.
They will not Dick Durbin Harry Reid Nancy Pelosi they're saying -- entitlement reform.
If we don't deal -- entitlement reform.
Any deal we get here is going to be a bad deal is that is -- it that way.
Well there there are two things that the president is talking about that are non starters.
-- is just I just don't see any way forward.
One is increasing tax rates homes certain individual taxpayers that's not gonna fly.
I'm never supported tax increase and rate -- I'm not going to secondly.
We're not even gonna discuss revenues until there -- -- to put entitlement reform all the -- -- entitlement reform is tough for Republicans because it's.
You know valuable programs were talking about but they're sacrosanct with the Democrats.
And you know you just can't have a 100% of everything you won't.
If speaker -- in and day candidate said they're willing to put revenues on the table -- it's incumbent upon the pros have come forward say okay.
We're gonna put entitlements on the table and a big way he's not gonna we're gonna get this done and he's not doing -- and I was disappointed to hear some of my colleagues in the senate say yesterday.
That well you know you give us the the revenues and then we'll talk about -- -- -- wider angle happened we're not going there.
So it and some Democrats and said look the Republicans will get the blame.
If the fiscal cliff hits January 1 and out every -- everybody you'll lose the bush tax cuts so that'll be a tax increase.
Then they'll blame the Republicans they want to use it to their advantage politically and they get the defense cuts through sequestration.
That they so desire.
But isn't the real danger the impact it has on the economy and may -- throws us back and or recession by taking all this money out of the economy.
Well I think everybody remembers farewell.
Ugly process we went through and August of 2011.
And raising the debt ceiling and what happened immediately around the raising evident that deficit and we saw the stock market's crash -- -- yeah.
If we go off this fiscal cliff -- not put the blame squarely on the president he's been a wall on this issue for the last three years.
Now he's coming in and wave and a flag and -- to take the glory and put the burden on Republicans Republicans have been willing to negotiate.
And if he doesn't come forward and provide real leadership and we go off the cliff -- -- That economic disaster that we're gonna see is going to be squarely on the shoulders of -- I would like to adopt something like the Mac pending plan cut one penny out of every dollar Washington spends.
And we moved to a balanced budget.
But -- baseline budgeting you you have these built in increases every year can you ever get rid of baseline budgeting.
You know if any corporation in America operated the way the federal government -- -- -- and I'd be broke ninety.
That's a and if -- -- it's broken but then they don't have the ability of print more money senator that a -- thanks for me was always a pleasure John.
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