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Steve Forbes Warns Washington
Steve Forbes warns the Republicans why they are about to lose the House unless… Steve Forbes, Chairman and Editor-in-Chief of Forbes Media sits down with Dave Sussman at Whiskey Politics for a discussion about Free Markets at the home of Libertarian thought, Freedom Fest. Topics include Obamacare, Tax Reform, the border adjustment tax and why “Paul Ryan has been snagged by the Body Snatchers.”
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Steve’s new book: Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity, co-authored by Elizabeth Ames (McGraw-Hill Professional) came out in December. Steve writes editorials for each issue of Forbes under the heading of “Fact and Comment.” A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.
In both 1996 and 2000, Steve campaigned vigorously for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits, and a strong national defense. Steve continues to energetically promote this agenda.Published in General
I just knew something had gone very wrong with Ryan.
Nice interview. If the GOP can’t fix taxes they lose power, rightfully so.
He might not have started out as a Trump supporter but he sure sounds like one when he talks about the frustration of the voters about a GOP congress that won’t fight.
Good stuff, Dave.
Also, one request… since the player doesn’t show the run time until you start playing, would you be able to put that in the credit section? I would have listened to this much earlier if I had known how short it was.
He’s right on everything, especially the politics of it. However Congress can’t do what he asks of them, the President has to step forward with more than exhortation; his people have to craft the outlines of a serious tax cut and reform and he has to travel across the country selling it. Same with health care, but that’s probably not likely at this point. Tom Price suffers Hill mentality and seems unable to start from scratch with a market based system which is what is required. They’re also afraid of the deficit which Forbes put in the proper perspective. Just act and the budget will take care of itself or force other changes on us.
Right. Because that so worked for the second Bush Administration. I mean, nothing bad happened to our economy at all; no no no, Bush left Obama a growing economy at full employment. Dick Cheney was right all along!
I’m very much a critic of the Bush tax cuts, but I don’t understand your point. Bush gutted the tax code by cutting lower brackets and then spent like a drunken sailor on the wars. Spending matters, how we finance the spending also matters. Borrowing is less distorting than taxes that fall on investment and savings. We borrow abroad because he don’t save enough. Since wars are consumption not investment, they probably ought to be paid for with consumption taxes, but that’s a different point.
Why is Paul Ryan pushing border adjustment? Because Donald Trump wants him to! He ran on this.