A guy from the left that believes that there should not be tax cuts, or to have some kind of message for middle America to feel that they might get a piece of it. I am a guy that believes if you pay taxes, you ought to get a tax cut. We took that referendum, I guess, to the public, and they have ratified an opportunity for this majority to remain. Now, I also understand majority/minority politics, and I guess if I look through the years of 1940, 1950, 1960s, 1970s, 1980s, 1990s and 2000 when we would find that Republicans controlled the place or Democrats controlled the place, I am sure that there were a few that made the debt reduction or the aspect of all of that debate at the same time they looked at the debt limit. But also in my opening remarks we heard from Secretary Rubin who said that the aspect of raising the debt limit was not the aspect of addressing the deficit. It was the budget itself. And I will quote him. As Robert Rubin, then Treasury Secretary under the President said in November of 1995 in that quote, Passage of the debt ceiling is totally unrelated to deficit reduction. The deficit can only be reduced in the budget process.
Kim Reynolds: “A guy from the left that believes that there should not be tax cuts, or to have some kind of message for middle America…”
Editor's note · Context
Discussing tax cuts and the relationship between the debt ceiling and deficit reduction.
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