February 22, 2012
KING: -- when deficit reduction and economic growth are priorities at the same time, some people see a collision. Some people see a conflict. You've outlined your views on taxes. Governor Romney today outlined a tax plan that would cut the -- put the top rate at 28 percent, eliminate capital gain taxes for incomes below $200,000, cut the corporate tax rate to 25 percent.
Is that the right approach? And is it consistent -- and it's a tough one sometimes -- with spurring economic growth at a time this state and other states are looking for jobs? But as you have Gilbert's (ph) question, also looking to make sure the next president works on the deficit?
GINGRICH: Well, look, first of all, I think that Governor Romney today moved in the right direction, and I think that that's a serious step towards trying to find -- closer to supply side. I wouldn't agree with him on capping capital gains cuts at $200,000, because I think that's, frankly, economically destructive, and I don't believe in class warfare.
And that's a number below Obama's class warfare number. So we can argue later about capital gains cuts.
But I think there's a different question. Everybody talks about managing the current government. The current government is a disaster. I mean, we don't -- you know --
(APPLAUSE)
GINGRICH: -- this is -- it is -- the reason I started with the idea that came out of Strong America Now to repeal the 130-year-old civil service laws and go to a modern management system, is you change everything.
And the fact is, if we're serious -- and, in a funny kind of way, Ron and I are closer on the scale of change. We'd approach it slightly different, but I think you've got to start and say what would a modern system be like?
And a modern system would be -- just take control of the border. It is utterly stupid to say that the United States government can't control the border. It's a failure of will, it's a failure of enforcement.
(APPLAUSE)
GINGRICH: So let me just take that one example. Let's assume you could, tomorrow morning, have a president who wanted to work with your governor, that instead of suing Arizona, helped Arizona, who actually worked with Arizona. Now --
(APPLAUSE)
GINGRICH: -- what's the fiscal reality three years from now in your emergency rooms, in your schools, in your prisons, of controlling the border? It's a lot less expensive. You just took a major step towards a less expensive future. So I think it is possible to modernize the federal government and cut taxes and develop energy simultaneously. And the three lead you to Gilbert's concern. Let's get back to a balanced budget.
(APPLAUSE)
Rush Limbaugh
A conservative vegetarian will eat his vegetables and leave you alone. A liberal vegetarian will eat his and then demand that you only eat vegetables, too. And this is one of the big differences between liberals and conservatives across the board
Apple's Cook Top-Paid US CEO in 2011: ReportApple chief executive Tim Cook topped the list of the best-paid CEOs in the US in 2011 thanks to stock options that put him more than $300 million above...
trscoop: @MelissaTweets this kid really loves goats http://t.co/QbPW1qTE
ewerickson: The left is going gaga over that Marketwatch chart on how little Obama spent. Read @politicalmath's debunking via his twitter feed
politico: RT @reidepstein: On the tables for Romney's luncheon today: bottles of Tributo tequila. http://t.co/0mdttB4I
ewerickson: @flocktard I think @politicalmath has done a great job debunking that chart including noting its inflation problem @hoagtim @arifleischer
memeorandum: About Peter R Orszag - History Shows U.S. Can Stimulate Now, Cut Later (Bloomberg) http://t.co/j7aKyOPi http://t.co/XX9J4DI1