David Schweikert: “And then you try to have the conversation with our friends from the left saying: You don't think the regulatory state…”

“And then you try to have the conversation with our friends from the left saying: You don't think the regulatory state affects us? You don't think raising taxes has slowed down the economy? There is some actual great literature--and we are working on it for a future presentation--that says, for the tax hikes that the President demanded a couple years ago that this body did, for every dollar of new revenues that came in, a dollar was lost in economic growth. It got us nothing. It basically slowed down our economic growth into the future, ultimately costing us billions. In a couple of these programs, if you really lay it out over 30 years, it could be in the trillions.”