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Published: Mon, 1 Dec 2008
Description: Rep Gohmert on suspending FICA
Automatically Generated Transcript (may not be 100% accurate)
" What this holiday season hybrid tax holiday do and maybe want a lot longer than just holiday season while it. Texas Republican congress and -- Dahmer has his way nothing is is this Turkey have an economy -- not -- with more of art and money. He's advocating attacks probably -- for a couple of months no federal income tax anybody for two months. Congress and you say that'll get them spending NC."
" What gets people excited for a change in you your previous yes it talked about. You know than the market and you -- medic going down you go back doors started going down -- started going down when our secretary of the treasury and our president. Started talking about it worst depression in the thirties and -- realize it was all to try to scare congress into given Paulson seven billion dollar slush fund. And then -- too much sense then it hasn't been enough. To correct the market because people are scared you can't do that -- market without creating paranoid schizophrenia. In the market."
" So can you do whatever you -- can you give it to them out by giving them money is that the argument because one could flip it around say. We got in this pickle but people spending money."
" I'm willing -- right. Well we had some some problems with some of the laws. And then we've had problems with greeting people and some people getting mortgages they couldn't afford. If people were allowed to have their own income tax their own pocket payments for two months it would allow many of them to catch up on those mortgages it allow people to go and given the impetus to go -- Bobbitt car they were thinking about buying. I've met a lot of people say they'd like to get into the stock market there are some great bargains right now and this would give them free cash to do it would allow that taxpayer. To pick the winners and losers but one of our big -- and Washington -- is that. Your show comes on rotten you know middle afternoon when we're trying to. To learn things and get things done and everybody's got a million things if you were where we could watch you I'm sure that Washington knew better job with your money. I voted on the Fox News Channel show animals but you're quite right to say that that is hurting -- As a result -- let me get your -- this puts money back in people's all right my -- the argument against it congress and from Democrats RG is that it takes money out of Washington leads towards deficits it might trigger more money coming -- the route. But near Tony yeah Saddam argument -- you're talking about seven point seven trillion between two men committing to all these different ideas they've got. And you could you could take all of the income taxes going to be paid him for 20081. Point two -- and it's six and a half times less. Then what they're borrowing and prancing justified for all these commitments they've got they need to go back what Jon -- and -- said you know decades ago selling two kinds of comments of those that don't know when those that don't know they don't know. -- radar sector treasures in the don't know he doesn't know category -- he's out of there as soon do you have any faith and and guys were coming years. But he is still spend the money -- goes. Congress and the taxpayers will do a better job of spending. And I want to applaud you you kept your head in September October. You've kept a cool head through all of this when those about them losing theirs and of paraphrase Rudyard Kipling child. It Neil if you can you keep your head when all those about you are losing theirs you're probably the reason they're losing years. But this would get like some confidence back into the market into people's own pocketbook. Give them a little breather and that's what people understood Thompson thank you very much could have."
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