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Paul Ryan and Robert Reich debate taxes, spending and the economy





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Uploaded on Apr 29, 2010

Wisconsin Congressman Paul Ryan, Ranking Member of the House Budget Committee, and Former Labor Secretary Robert Reich talk taxes, spending, and the economy on CNBC's Kudlow Report.

Paul Ryan: "Raising taxes is not good for economic growth. That raises the barrier and the hurdle to risk-taking, investment, innovation, entrepreneurship and job creation. I think that is bad tax policy and that is bad economic growth policy.

"We have to get spending on the right trajectory. If want to have these kinds of investments in infrastructure and education, we have got to get a grip on entitlements because they're crowding everything out of the budget. I would argue that if we do real entitlement reform, which doesn't hurt people in and near retirement, but puts us on a better trajectory going forward, that is going to give us some breathing space in the credit markets, it is going to take pressure off of interest rates, and that is going to help in the economy right now."

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