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Tax rate both for individuals and businesses of 25%. and major entitlement reform. i know that you re a couple of weeks away frome putting out yr budget. you said to me here in the greea room that you haven t even t written it yet, but will it be the same plan or will there be something new? we re not going backwards, we re not backing off of any of our ideas or solution. but we haven t written it yet because we haven t gotten our baseline from the congressional budget office yet. i and members of our committee will write this in march and then we re going to bring it to the floor we think we owe the. country actual solutions based upon our founding principles to get this country on the right track. the president has dodged histh entire presidency. the senate hasn t budgeted for 1,000 days. the bca is hardly a budget. there is hardly a budget. it s really delegate to go others to lead. we re going to lead.al we re going to pass the budget the kinds of upon reforms we proposed last ti ....
chris: let me pursue this. the president is proposing the buffet rule, that if you make at least a million dollars a year, you should pay at least a 30%ro tax rate and he propose this is just as we find out that mitt romney was pay ago 15% tax rate. again, isn t that on just the simplest basis fair? if you oversimplify it, youou can probably make that case. let s look at the math. all these tax increases that the president isnd talking about, ty only a cover 8% of his proposed spending increases. the other 92% of the president s spending increases are borrowed money.es so even if it doesn t even add up. it doesn t even go to the deficit. more to the point, instead of raising taxes, which disproportionately hits small businesses. eight out of ten businesses in america file their taxes as individuals. so the president is saying, bring their top tax rate to 45% whicduh is the current schedules ....
Not high enough, i want to go higher than that, that will crush job creators. i have a better idea. instead of raising taxes on small producers, why don t we stop the corporate welfare, income taxes or entitlements.zi we ll get far more saving without choking off economic growth. chris: what do you make of the fact that the white house is basically said that the buffet rule, this idea of a 30% minimud tax rate is not going to be inot the president s new budget and they have no idea when in terms of what it would mean with the budget? he s going a to put some pole tested line in the state of the union addressth and have no follow-up whatsoever. threeesident who had try to fix our fiscal crisis is duckingse it. he hasn t put a plan on the table yet. he formed commissions and super committees, so he outsourced the leadership, only to decry their results. so we are not gettingrc the kind of leadership we t need from the white house at a time when america needs it the most. we have a de ....