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Fareed -- meanwhile a senate Democrats have a suggestion to cut government spending and reduce the national deficit.
And tax breaks for the five biggest oil companies.
But critics say that will only cause gas prices to go up.
Missouri senator Claire McCaskill is one of the Democrats behind the proposals to -- big subsidies for big oil companies she joins us from Washington DC.
-- -- -- -- Good morning a wise it's a good idea.
Well first of all we can't afford it.
These are the wealthiest corporations on the planet.
They will make somewhere north of -- 125.
Billion dollars in profits this year.
And two billion of that profit is going to be federal tax dollars we can't afford this kind of corporate welfare.
And it it's not gonna have an impact on gas prices is gonna have an impact on our deficit.
Well I wonder whether or not he would have an impact on gas prices I'm sure you're familiar with the congressional research service about two months ago.
They examined this very topic and which are proposing.
And what -- -- he is the proposals would also make oil and natural gas more expensive for US consumers and likely increase.
You know it would seem that prices going up the last thing we need right now.
We had -- CEO of ConocoPhillips testified that these incentives are not what gets them to produce more oil and explore for more oil.
It in all due respect the price of oil -- about supply it's about demanded it's about speculation.
It's not about us bucking up.
The wealthiest corporate corporate welfare for the very very wealthiest corporations and honestly think you just can't afford it we can't afford to be writing checks.
-- it comes to companies that made 35 billion dollars in the last three months.
Sure but it you know we're also talking about businesses and if you take four billion away from them you know ultimately they're just gonna passes.
Half the price.
-- to us at the pump some day.
Keep in mind we are only doing the five biggest not the small independence.
So that competition is still going to be there.
At its two billion a year it's not four billion a year and I think the CI RS proposal you talked about the research.
Talked about it a proposal that was much broader than -- one that we have drafted.
-- -- meanwhile let's talk about your day ahead on your day planner in big letters it probably says White House meet with president.
Today because that senate Democrats are going up there to talk about what to do.
With the budget and lifting the debt ceiling and all that stuff that's going on right now in Washington DC do you.
You know there are people out and -- Not not in Washington but outside Washington and -- you know they just don't get it senator it's a spending problem with Washington.
Well -- this is spending problem.
It's also a tax code is full of goodies for special companies.
I'm making all of our taxes higher.
It's about our entitlement programs in the fact that we're buying Warren Buffett's prescription drugs with taxpayer dollars and it's about a lot of different things and we have a lot of different proposals floating out there I'm hopeful that we're gonna find a proposal that has bipartisan support.
That brings down the deficit addresses our debt structure and gets our budget done this year.
I know you and -- hooker a Republican from Tennessee came up with a proposal a couple of months back that -- cut six trillion dollars.
Off of the deficit going forward.
Paul Ryan's got a suggestion.
What do you think of bug speaker Boehner suggested a couple of days ago that if we're going to lift the -- C lean.
Two trillion dollars we should probably caught.
Spending by two trillion dollars.
I have been a sometimes a lonely voice in my caucus about putting caps on spending going back over a year ago I proposed -- worked on with Jeff Sessions from Alabama.
So -- very much in favor of cutting spending.
I'm also in favor of protecting the Medicare program and that has not been the position of the House of Representatives and the Republican Party.
So we've got to do -- we've got to cut spending but we also have to protect Medicare.
Okay -- let me talk a little bit about something that is being very protected by the CIA and those are.
The pictures -- so called kill shots of Osama bin Laden I know a given the -- ranking.
-- one of your committees you are eligible to look at the pictures.
I do do you have to go over -- CIA it is CM is that is that the deal.
Are you -- alarm.
You know I I spent a lot of time as a prosecutor.
And unfortunately I've seen many many pictures of dead bodies.
Over that span of my years working in the courtroom.
And I I really have no need to see the pictures they were only taken for one reason that was to prove he was dead.
That has been proven I think the world is satisfied that he's dead I have no morbid curiosity about the -- Its interest in his son Omar bin Laden has said that the United States.
Broke international law by assassinating.
And -- -- man and then dumping his body in the ocean.
-- well you know I I I honestly think.
Anyone that has common sense to look that the situation understands we were in pursuit.
Of one of the most outrageous criminals that has ever walked our planet.
That attacked our country they came to our soil -- attacked us we've pursued him until we got -- that I couldn't be prouder.
-- all right -- -- -- senator from the great state of Missouri thank you me and for journalists like to thank you capital.
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