$3,000 on your taxes. you might if you live in texas and don t have three kids. ist just depends on your personal situation. that part is less clear. that s true. the corporate tax cuts are crystal clear. they are big. they may be necessary. those should be debated on their merits. by the way this budget is written even before the tax plan, it can be in the red. it can have a $1.5 trillion deficit. that s best case scenario. are you concerned it could blow a hole in the budget and what would that do to the economy? there is no question this deficit is going to hurt. academic studies show whenever the debt-to-gdp ratio is over 90%, and that includes the social security debt, it slows our ability to grow, doesn t enhance it. we are close to 106% of gdp. but getting back to the point about helping businesses, you want to help the heartbeat of america, small and medium-sized
wants he will not negotiate because his personal belief system and most democrats believe this, is that deficits don t matter, the debt doesn t matter. in fact harry reid says there is no problem with social security debt, with medicare debt. they blindly wish it away. the only way they will negotiate is if they re forced to negotiate. so really you can t give in or nothing good will happen towards trying to rectify the problem. bill: can republicans get concessions on obamacare at this moment? i m not positive what the concessions will be and i don t want to preclude any kind of arrangement or deal that will come forward. the deal needs to do something about the debt and something about the spending. bill: all right. if you do not get concessions on obamacare, does he prevail on that? you know, i think what we do, we keep pushing for what he will negotiate. but i think at this point, he s arguing that he wants 100% of obamacare and wants 100% of the ability to keep loading death o
generation of leaders at some point stepping forward. what do we get, their social security debt, the debt for decades long wars. i mean, in is i don t think are do we have a moment to talk about all this? i think it s really important. i think it s the new generation that are coming along and a lot of them get the knock because they move back home after graduating but they re going back home with 20,000, 30 pus. they re saying i can t trust the institutions out there and i ve lost my parents lotst there. i m going to take my time to tock to be trying to
them to let less social security money. the democrats have tkepl a tkpwogd this. where they accuse republicans of pushing grandma off a clip. the president politicize ez this by saying republicans will stop sending social security checks out. it s actually the opposite. we are directing him by law to may the social security debt and honor his obligations to senior citizens. bill: i understand the argument on the military and the entitlements, butt tax issue, again, help clarify that for our audience. when it comes to raiding the revue and figuring out a way, whether it s the left pocket or right pocket, what would be your idea, senator. there is a compromise we could achieve on that. i m for eliminating some deductions and loopholes. i don t want to increase taxes, i think that is bad for the
by saying republicans will stop sending social security checks out. it s actually the opposite. we are directing him by law to may the social security debt and honor his obligations to senior citizens. bill: i understand the argument on the military and the entitlements, butt tax issue, again, help clarify that for our audience. when it comes to raiding the revue and figuring out a way, whether it s the left pocket or right pocket, what would be your idea, senator. there is a compromise we could achieve on that. i m for eliminating some deductions and loopholes. i don t want to increase taxes, i think that is bad for the economy and we will lose jobs if we increase taxes. if you lower the rate and simplify the tax keyed, when reagan brought the rate down to 26% we had growth of 6% in one year. under this weak economy everything is worth under this