demographic problem in the country. shouldn t call it a problem. it s aging population. 10,000 seniors a day becoming eligible for social security and medicare. so, on the mandatory spending side of the budget, we do have a problem. but the republicans never want to admit that we have a revenue problem. in fact, in late 2017, they doubled down on that and cut taxes and added $2 trillion to the deficit. in this budget, again they extend some of the tax cuts that were scheduled to expire in 2025. that adds another $1 trillion to the debt. so we have always maintained, let s deal with spending, but let s also deal with the revenue side and stop giving tax cuts to people and corporations that don t need them. and the democrats have not set forth their own proposal yet, is that correct? that s correct. we have not. and we re working on that now. we ve had a proposal many, the past few years. i think we know where we want to go. we have a very diverse caucus
for them. that makes the revenue problem worse and ignores the biggest drives of our national debt. the bigger program, social security. it does some health care savings, but it would need to do more and it doesn t get serious about part of the budget that are going to fix the problem. so the focus on small domestic savings, which in reality, aren t going to happen and are not going to be paired with big increases in defense. and some of the welfare programs which are targeted in a way that democrats will never dgo along with means we re not being serious ant tbout the big quest how are you going to pay for it and now are we not going to continue this endless cycle of borrow iing that s going to lea us very weak for all the future challenges including a potential recession that we re going to face at some point. yes, seeing john nodding aggressively out of the the corner of my eye. i ve got jim acosta standing by who got a couple of questions in. loved your question about the rhetori
problem and ilt endangers the future prosperity of our nation for generations to come. so he said it gets hard er t balance the budget every year. congress doesn t go along with their spending plan. so my question is it congress fault? is it the white house s fault? the administration asking for a 5% increase in defense spending to 750 billion. here s what he had to say about that. and to be clear, this is not funding for endless wars, this is for research and development for the most awe inspiring military the world has ever known. where would the money go? we have a spending problem and we have a revenue problem and this budget doesn t really address either of them seriously in that it extends all tax cuts in the baseline and doesn t pay
washington doesn t have a revenue problem as you know. it s a spending problem. we ought to keep taxes low. neil: and you led this parade and i want to tip my hat to you on that. thank you. neil: four out of ten minutes think the tax cuts were a good idea. i don t think that s correct. i ask what do you think of trump s tax cuts. it mirrors his approval rating. you talk about lowing the rates for everyone, doubling the child credits, the numbers turn around quickly. that s what we find back home. americans don t want washington to take more of what they worked so hard to earn. neil: all right. kevin brady, an honor. thanks very much. thanks, neil. neil: we did reach out to the chairman of that fine committee as well. he declined for the time being. hope springs eternal. sears will live to sell another day. a bankruptcy judge approving the retailer to eddie lampert
question do to reduce spending f. there are things that don t reduce benefits that reduce spending. we have to address that. we re really going to go with the mitch mcconnell argument, let s cut corporate tax in half and go after entitlements. that s the answer? this is like the slow pitch over the plate. you could see this coming for the past two years. they come up with a massive tax cut that goes to the upper 1% of the american peep and argue the only way to solve it is medicare, medicaid and social security. no. this is not a spending problem. it s a revenue problem. we cut taxes during a period of economic growth and we did not share it with all the american people. that s how we got here. that s the only way we re going to get out of it is reversing it. corporate taxes were down $92 billion but individual taxes were up $96 billion. even if revenue had been what it was projected to be, we would