bill: did you share that with the white house? yes, of course. i think they fully expected some of this would vote no. they know we are solidly supporting the president and keep pushing to have all of these changes in budget process reform. i look forward to a second term of president donald trump because i know continuing those government reforms is exactly what he is going to do. bill: as we see the president come on stage at u.s. bank arena as we get ready for the big build up, we will go to the president and a moment. you think about the roots of the tea party in southwestern ohio, some sectors of the state are deep at it. where the spending has gone, the president said earlier today
be enacted require all of the following, entitlement reform, tax revenue increases, growth incentives, orderly reductions in defense expenditures and budget process reform. it was, of course, a perfectly reasonable assessment of the situation, but it also required breaking a campaign promise, and not just any campaign promise, the most clear, absolute and memorable campaign promise of the decade, read my lips, no new taxes. the new tax package that president bush signed into law just five months later included an increase in the top tax bracket from 28% to 31%. it increased the gas tax by a nickel and the tax on a six-pack of beer by 16 cents.
taxes will be necessary to get the federal budget deficit under control. on this day in tax history, june 26th, 24 years ago, president bush issued this statement that rocked the and as you ve just seen, led the nightly news. it is clear to me that both the size of the deficit problem and the need for a package that can be enacted require all of the following, entitlement reform, tax revenue increases, growth incentives, orderly reductions in defense expenditures and budget process reform. it was, of course, a perfectly reasonable assessment of the situation, but it also required breaking a campaign promise, and not just any campaign promise, the most clear, absolute and memorable campaign promise of the decade, read my lips, no new taxes. the new tax package that
could actually negotiate what the talks are going to look like so everybody is comfortable. and you mentioned yourself. this is a tough vote for the house republicans. you re asking them to take a tough vote for the debt ceiling. usually people in both parties want to have some cover, something they can point to and say which is fine. i want some budget process reform or another trillion dollars in debt. which is fine. if they want to do that, reopen the government, extend the debt ceiling. if they can t do it for a long time, do it for the period of time in which these negotiations are taking place. why is it that we ve got hundreds and thousands of people who aren t working right now in order for what you just described to occur? it doesn t make any sense. the small business administration gives out a billion dollars worth of loans every month to small businesses all across the country. that is not happening right now. so there are small businesses in every state that are cou
the talks are going to look like, so everybody is comfortable, and you mentioned yourself, this is a tough vote for all these house republicans. you re asking them to take a very tough vote for the debt ceiling. usually people in both parties want to have some cover, something they can point to and say which is fine. i want some budget process reform before i approve another trim dollars in debt. which is fine. if they want to do that, re-open the government, extend the debt ceiling. if they can t do it for a long time do it for the period of time in which these negotiations have taken place. why is it that we have hundreds of thousands of people who aren t working right now in order for what you just described occur? that doesn t make any sense. the small business administration gives out a billion dollars worth of loans every month to small businesses all across the country. that is not happening right now. so, there are small businesses in every state that are counting on