Ryan's budget passes House with no Dem support
Rep. Chris Van Hollen weighs in
- Duration 4:50
- Date Mar 21, 2013
Rep. Chris Van Hollen weighs in
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All rights democratic budget out of our congress -- percent.
-- congress that I -- you agree with everything averaging just said so we'll just -- -- those.
Niceties but but I -- I want to see where this goes from here because.
Obviously the Ryan plan goes nowhere in the senate I would imagine goes no where would guys like you eleven imagine.
Patty Murray's plan in the senate goes nowhere in the house I would imagine so where do you see.
Well Neil I think that the balance point in this to stock this discussion is something near the framework.
That we saw in the bipartisan Simpson Bowles commission they had.
A plan that got to reducing the deficit.
Through this balanced approach that included additional cuts targeted cuts but also.
Revenue from closing a lot of the special interest tax breaks.
Four very wealthy people a tax breaks whip job Mitt Romney and Paul Ryan talked about on the campaign trail.
-- -- -- -- just you know congress there of that without raising.
The overall rates but now we've got the rates raised so Republican sought.
-- before it triggered that they might even go along with this tax break stuff and -- -- closing these loopholes like that they did agree.
There's just sort of wasting time and money in the tax code but did you guys have then got two as part of this trigger.
Of Greece simultaneously.
Some of these cuts he talked about what would it make it.
Well first first of all this the difference is Republicans have never said that they're willing to close some of those tax loopholes for the purpose.
-- reducing the deficit which is what.
The bipartisan lines and -- Militants -- but I hacked up body believing -- I'd -- I suspect no Angel in the in the -- of either party but they did today.
That -- would be open to closing these loopholes but without this being the only negotiated when -- departed Democrats not more taxes.
But this time you've got to put up that is your party.
Has to put up specific.
Cuts and they both go off at the same time.
Well I I couldn't we we can certainly try and design what you described as a trigger that would have both.
-- a mix or revenues and cuts the main difference.
-- I'm sorry to jump -- artistically those revenues you talk about.
Would be behind that are being talked -- not increasing rates again but closing loopholes and the like that.
It's something that you would consider simultaneously.
That's right if we're really talking about closing tax loopholes and as part of a contribution to deficit reduction.
It would be knew if if Republicans took that position it would be welcome news but you're right he could always should be there.
I think you -- -- should be very much what it was like -- Simpson balls which is when you.
Take everything we've done in the last couple years.
You should never ratio of what it turned out to be about one the 12213.
To one depending -- what baseline.
You -- but I think if you look at the Simpson lol I don't know I don't know what's hindered because Republicans argue.
Ended -- there have been more tax increases and spending cuts thus far -- But that but that's not right if you look at the budget control lacks -- -- we've cut one point five trillion dollars then in January.
Over ten years then in January we had 700 billion dollars in additional revenue coming in over ten years.
By lifting the top rate for people over 400000.
Dollars so you can see right there are one point five trillion to 700 billion obviously we've done.
More it cuts our view is that going forward we should continue to take.
A mix of cuts and revenue and the -- shows are those that are outlined in the bills that.
I introduced as the democratic alternative in the house and that is you point out.
Senator Perry patty -- introduced in the in the senate but -- can I say one thing because there's a misinformation -- -- back to.
There -- -- the Republican budget.
It it it pretends to balance in ten years and at the same time claims to get rid of all of obamacare.
But as The Heritage Foundation -- pointed out and there are no liberal think tank is you know they pointed out that the Republican budget.
Actually gets rid of -- Obama care benefits.
You know more -- care but they keep in it.
Taxes and the obamacare Medicare savings and that in fact their budget does not balance in ten years in -- you include.
Those obamacare taxes and savings so you can't tell you write -- but it's -- Point because it's gonna -- -- but being that the idea to.
I'm detecting this thing I think to train left -- -- I don't know I think that's right but they can't claim to be in balance and claim to be getting rid of -- -- at the same time that's my point we'll watch close these are always a pleasure Chris Ben Holland of Maryland one of the powerful Democrats in the house represented meanwhile.