Wednesday, July 20, 2011

Debt Ceiling Drama Coming Down to the Wire: An Interview with Key Washington Policymakers

There seems to be a spirit of compromise in the new “Gang of Six” proposal. But the plan also raises a lot of important questions. Can it get done in time for the critical August 2nd debt-ceiling deadline? Are the spending cuts real? There are lower tax rates and tax reform for personal and business, except the capital gains tax will go up. It appears IRAs and 401Ks will be tax exempt.

On last night's Kudlow Report, I spoke with three key congressional members on all of the latest developments. Joining me were Sen. Tom Coburn (R-OK), a member—perhaps the ringleader—of the aforementioned “Gang of Six” as well as Sen. Jeanne Shaeen (D-NH).

Shortly thereafter I spoke with GOP maverick Sen. Rand Paul. He’s got the right spirit and the right vision to shrink government and grow the economy. He also believes the tea party is winning.

Here are the videos of both interviews.