Here's the problem if you keep raising tax rates: You slow down economic growth.
Are we interested in treating the symptoms of poverty and economic stagnation through income redistribution and class warfare, or do we want to go at the root causes of poverty and economic stagnation by promoting pro-growth policies that promote prosperity?
If you can clean up the cesspool of the tax code and give us a pro-growth tax code, that is how you grow the economy. That`s how you take power and money out of Washington and give it back to the people and we are so excited. We have a president [Donald Trump] that is here to work with us in doing that.
You've got to have tax reform to get faster economic growth. Faster economic growth is necessary for us to get our debt under control.
Faster economic growth helps raise the economy which raises revenues. And that helps us tackle the deficit. There's two things we've got to do to get rid of this debt. Deal with entitlements, that's why we're frustrated health care reform hasn't passed the senate yet.
Having what I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.
We want manufacturing to return to America. We want jobs. Economic growth.
This is again, one of our pieces of our 200-pay plan, part of our very ambitious agenda. We really don`t think we can get the kind of economic growth we could - we had the potential to get without tax reform.
Not just the jobs building the infrastructure, but you need to have a good highway system. You need to have a good bridge system, a good pipeline system, a good canal and waterway system for economic growth to occur, for a modern economy to succeed.
I really want to focus on economic growth and growing the economy.
