Marco Rubio: Economic growth, entitlement cuts must accompany tax reforms

I wanna ask you about your tax plan the tax foundation is estimated over ten years %HESITATION the revenue

reduction would amount to about six trillion and Ramesh Ponnuru in the National Review put it this way has an article and

the headline is Marco Rubio six trillion dollar problem here's what he writes he says the revenue loss Rubio is proposing is huge it

would be irresponsible given are looming debt problems to cut taxes by that much and hope that spending cuts and

economic growth would save the day how are you gonna pay for that well first of all the the argument about the debt which is the question he's raising you

cannot simply solve that through through %HESITATION espa tax plan alone has to be a combination of things you have to have the spending discipline on the mandatory spending programs and

you need to stay significant economic growth the tax plan is part of the economic growth part of that equation we

still must deal in conjunction with that we must deal with a mandatory spending programs Medicare and social security must

be reformed for future beneficiaries people like me or twenty five years away from the time our system is going to have to look different than they do for current beneficiaries are people that are about to retire you

based on the tax foundation's analysis even if you factor in the growth from cutting the taxes it still leaves you about two point four trillion in

plan would be in the future discretionary that portion of the budget that's left of been kind of squeezed a lot right so

where's the money and what you're you're never going to get it from the discussion has like thirty percent of our budget defense spending is not the reason for our debt to sequester saving about sixty billion a year but it in

debt matters as a percentage of the overall size of our cause if the economy's a pie that that is a slice of it and the problem is the slices gotten as big as the pie we

need to grow that pie and we need to keep the slice constant and as a result the debt becomes more manageable and that's why the reforms of the mandatory spending programs for future beneficiaries are so critical %HESITATION

because those programs will bankrupt themselves that is where you're going to find the discipline necessary in the long term to bring the dead under to a more spot responsible percentage of

the overall size of our economy