American Morning

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January 25th, 2011
09:12 AM ET

Sen. Rand Paul: U.S. tax burden means 'our companies can't compete'

Senator Rand Paul, R, Kentucky, is barely a freshman in congress but he is making his mark in Washington by releasing his own proposal for tackling spending and the federal budget. Paul says that too much of our federal budget goes to to entitlements such as Social Security and Medicare and that "our companies can't compete with foreign companies because our tax burden is too high."

Later this week Senator Paul will unveil his budget proposal that he tells Kiran Chetry will save nearly $500 billion dollars in one year alone. Paul explains just how he will do it on American Morning.

Filed under: Capitol Hill • Economy • GOP • Politics
soundoff (One Response)
  1. mikeytwo

    if we dont have the ability to get health insurance how in the world are we going to be able to work extra years? balance the social security budget, pay back all the money that has been borrowed from it.

    January 25, 2011 at 9:28 am |