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Fox News - Transcript



On the Budget Preventing the "Most Predictable" Debt Crisis:

"Look, to Paul's point this is the most predictable event in history. That is the debt crisis of the United States if we don't act. And for the Democrats to be doing cartwheels in the parking lot is completely absurd. It has been since the governor of my home state Rod Blagojevich was indicted since they last passed a budget. So I think the country is road weary of the nonsense and the sniping. They want remedies and this is a remedy that moves forward."

"[The budget] creates a buoyancy in terms of tax reform, a buoyancy in terms of living within our means, and ultimately it says we are not going to fall into the nonsense of spending money we don't have any more."

On Tax Reform in The Path to Prosperity Budget:

"I think tax reform is a way to move forward. There is nobody who can defend the status quo as it relates to taxes. The United States is poised to have the second highest corporate tax in the world and what we are seeing is an adverse impact. Companies are not bringing cash back to the United States and they're deploying it overseas. So what we're saying is let's lower this corporate tax rate, let's lower the rate for individuals, get rid of the six tax brackets that we currently have at the individual level, and simplify it and move it to two rates. I think that is the type of clarity that the American public is longing for. They want to see the Whitehouse lead on these issues. The White House has chosen not to lead unfortunately, and so we are putting forth a proposal that is robust, and dynamic, and makes sense as ultimately a pathway back towards economic growth."

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