Tax Rate Relief, Not Rebates, Is the Key to a Stronger Economy
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well fedex the election to donald trump. i m not a climatologist in any way. al gore had a sensible approach to climate change and how to change the climate there. he proposed a carbon tax offset 100% by a payroll tax cut or income tax cut so all the damage of a carbon tax would be offset by tax rate reductions to keep the economy strong. that makes a lot of sense. if you believe there is a climate problem, that would be a beautiful way to go about doing it. none of these people are in any way rational like al gore was. it s a movement of the party so far away from rational thinking about climate that i don t even know how to respond to it. it s silly. it s just as bad as the healthcare ones, the border ones, free healthcare for everyone in the world. it makes no sense. sandra: before you go, i found it almost shocking how they didn t there was not a discussion about what to do in the city in which they were all standing, detroit.
and ankle biting i don t know where that thing comes from when we put this program in place, when president trump ran on this in 2016, kevin hastert and i and laugher and so fourth worked on it, we believe that the tax cuts for corporations, large and small, the marginal tax rate reductions, now down 21 % for companies, large companies, that s 19% for small companies. the biggest beneficiary would be ordinary working folks. the blue collar and that is precisely what the data is showing. maria: larry let me ask you this i don t know where they re getting this. maria: congressman kevin brady the clip of house ways and means joined me last week and he s working on an additional tax cut that the president wants to cut taxes by the middle class by 10% and if the economy is going so great why do you have to cut taxes again? well look, i think the
no. let me explain. first of all, we re not going to cut medicare, medicaid or social security. there s no discussion on that. we would like to slow down the increases in them over an extended period of time by making them more efficient, not a cut. second of all, with regard to defense, we have to do that, that s a primary responsibility of the federal government. and finally with regard to the plan we ve got right now for the tax plan, the design there is to actually make our economy grow. if we have an increase and you ve heard these numbers before or 0.4% in our gdp, we pay for the entire $1.5 trillion cost of those tax rate reductions. if we do more than that, that s the money that we can actually use to offset the skpising ongoio existing ongoing deficit that according to reliable sources will approach $1 trillion per year if we don t do anything else. we want the safety nets to
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