American Morning

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September 20th, 2011
01:57 PM ET

Is Obama's deficit plan dead on arrival? Rep. Jeff Flake weighs in

This morning, President Obama and Republicans are squaring off over how to reduce the national deficit after President Obama unveiled his plan in a speech at the Rose Garden yesterday.

At the heart of Obama's proposal is $1.5 trillion dollars in new revenue generated largely by higher taxes on the wealthiest Americans, a proposal strongly opposed by GOP leaders who insist that any tax increase will undermine an already shaky economy.

Representative Jeff Flake is one of the Republicans in the House that opposes Obama's plan. Flake speaks with Carol Costello on American Morning today to discuss reducing the national deficit and to weigh in on how to create jobs in America.

"We're not out of the woods yet and if we want the economy to grow, we have to have competitive tax rates plus some kind of moratorium on regulation," Flake says. "If we want to create jobs, the last thing you want to do is slap another tax or a higher tax on capital gains or dividends."

Filed under: Deficit • Politics • Taxes
soundoff (2 Responses)
  1. Taylor

    It is funny that she mentions at the end that she can't convince Jeff Flake of anything, but she wasn't budging on what she thought either. Did she want to understand what he thought, or was she trying to get him to see what she thought? Why have him on if you don't want to understand his point of view a little better?

    September 21, 2011 at 7:00 pm |
  2. Name*Johnny brown

    Do you believe That someone with the last name of of flake is anything other than a Flake? If Obama's plan was sent directly to him from God the Republicans would still vote against it.He's trying to help the poor. They won't allow that.

    September 20, 2011 at 10:47 pm |