But you know, Joe mentioned Bowles Simpson. Larry, we've largely enacted Bowles Simpson. It's taken a lot of trouble, but you know, we've got about $2.1 trillion in spending restraint. President Obama got $700 billion of tax increases in the fiscal cliff plus a trillion dollars in Obamacare. We've got the. Not tax reform, Senator. No, I understand they didn't do the tax reform. I understand what I'm saying in terms of deficit reduction. (05:46–05:53)
CLAIM
Asserts that there were $700 billion in tax increases from the fiscal cliff and a trillion dollars from Obamacare.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
