Steve Scalise: “I know President Obama and Speaker Pelosi and her liberal lieutenants don't like the concept of cutting taxes. And, in…”

“I know President Obama and Speaker Pelosi and her liberal lieutenants don't like the concept of cutting taxes. And, in fact, they have got a lot myths going around out there that cutting taxes are what created this problem instead of what we know created the problem, and that is like groups like Fannie Mae and Freddie Mac giving loans to people who had no ability to pay. But cutting taxes, if you go back in history, and you can go back to John F. Kennedy. You can go back to Ronald Reagan. When they cut taxes, Federal revenues grew because the economy got going again. People were spending money much wiser than government spends money, but they were spending money to create jobs. And jobs were being created, and the economy got going again because taxes were cut. And those tax cuts yielded in more revenues coming in to the government.”