Gov. Tim Pawlenty on John McCain
"America's Election HQ" 5:28
Interview
TOPIC: McCain, Obama, Economics, Taxes
TRANSCRIPT: GOV. TIM PAWLENTY: [...] In addition to (Barack Obama's) 2001 comments which are being reported today, when he was asked the other day about his Joe the Plumber comments, whether he wanted to modify them or retract them, he said no he did not. So clearly this is his established world view- that it's okay to take a redistribute wealth- he wants to raise income taxes, he wants to raise captial gains taxes, he wants to raise dividends taxes, he wants to raise payroll taxes, he wants to fine people- employers who dont offer healthcare- a penalty or a fine, on the list, this is going to be the biggest anti-job set of proposals in the modern history of the country. He's gonna throw the American taxpayer and small business across the country into a quicksandpit of tax increases.
MEGYN KELLY:[...]Barack Obama has pointed out many times, he's just going to reduce the, or change the tax rates to what they were under Bill Clinton, and he always points out, things were pretty good under Bill Clinton, so what's everybody complaining about?
PAWLENTY: Well first of all it's the year 2008 and a lot has happened in the last 15 or 20 years. We now live in a hypercompetitive global economy, where the click of a mouse- capital can be invested or deployed almost anywhere around the world. You have to be competitive as a state and as a nation- and our tax rates, both on businesses and on individuals, are relatively hig[...]And the last thing we need- there is no reasonable economist, or no thoughtful person who looks at these issues, who thinks it's a good idea to be raising taxes when we're in or near a recession.
KELLY: [...]THe rich are gonna pay a little bit more and the middle class are going to pay a significant amount less- what's wrong with that?
PAWLENTY: Well that's the classic class warfare argument, Megyn, but the problem with that is this- most people, the number one ticket or pathway to stability or security economically is their job. And the sum total of Barack Obama's proposals are going to deter job growth in this country or put at risk current jobs in this country and it's gonna make things worse, not better,it's not about class warfares-what are those things that are going to provide and incentivize jobs and there is no indication that small business owners are feeling that Barack Obama's proposals wouldn't hurt them, they are saying they will hurt us and they will discourage job growth in this country.
KELLY[...]Small businesses[...]may get taxed more under Barack Obama, but if they create new jobs they will get credits for those new jobs[...]
PAWLENTY: Well, that's a $3,000 credit, Megyn- that doesn't begin to overcome even one thing that's rumored. For example, there's rumors that his penalty or fine on employers who don't provide healthcare will be 6% of payroll- so if you have somebody who is making a $40,000 a year job, that doesn't include all the other tax increases that he would impose on business and employers across the country and keep in mind he wants to increase income taxes as well, and 70% of small businesses in this country pay the proceeds on their small businesses on their individual returns.
[...]
PAWLENTY: I think it is fair to say (Obama) wants to cap the American dream. at least as expressed by his tax policies, Megyn, but keep in mind if Barack Obama's policies go through, nearly 50% of income tax payers, or people in the country, will pay no income tax, and maybe even more broadly, no federal tax at all, so you're going to get to a point in the country where you've got more people riding in the wagon than pulling the wagon. That's not a good future for our country.
[..]
PAWLENTY: (The 2001 tape is important) because it re-inforces what (Barack Obama) said to Joe the Plumber. It is another installment or another insight into Barack Obama's thinking, his philosophy on economic matters, and I think for a lot of people, this should be about creating wealth, not re-distributing wealth. The only way that people are going to get security is through more prosperity and that means for most people their job. So what are those things that we can do to increase job growth in this country? And if you ask the people who are job providers, they are saying it's John McCain's approach, not Barack Obama's approach.
LABEL: TP JM FNC 10-27-08 5.28 (LAD#62)U
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