RANGEL: Let me ask this. Do you really think he had not got the Congress -- and this was almost done before he was sworn in -- do you think that we would have survived as a country had we not given in --
RANGEL: And we put in that -- were you one of the people, did you actively say that we shouldn't bail out these corporations?
HANNITY: I don't think we should have bailed out the corporations.
RANGEL: But did you say that at the time?
HANNITY: Sure, sure.
RANGEL: Weren't you part of the minority of the business voices saying that? I am asking.
HANNITY: The answer to your question is, Charlie, the answer is not government. You know, Ronald Reagan had a great line. He said, the problem isn't that government is not taking in enough revenues. Government's spending too much. And we have gone now, we are borrowing 40 cents of every dollar. You don't need a calculator, you don't need an accounting degree to realize that we are robbing from our children and grandchildren. I know you care about your kids, you care about our future. We cannot continue this way. Every time a Republican says, we are going to manage spending, Democrats cry that we are throwing granny off the cliff. This has got to stop. We got to stop spending.
RANGEL: Listen, you don't have to raise your voice to impress me. You've got to stop spending and you've got to raise revenue.
HANNITY: You want to raise taxes? And I pay 55 cents every dollar, how much do you want me to pay?
RANGEL: I was asking you whether or not you think that closing tax loopholes, a trillion bucks there -- is that raising taxes -- is it raising tax?
HANNITY: Listen. You would have to give me the specific loophole that you're talking about. I don't have loopholes. I don't have loopholes. I don't even have deductions.
RANGEL: I never said you.
HANNITY: But I was saying, the average New Yorker's in my position.
RANGEL: Well, let's talk about the corporate tax. We got the highest corporate tax in the entire world, maybe China or Japan may beat us out. But the truth of the matter is, they actually pay a lower rate because of the loopholes that are there --
HANNITY: Do you think that GE should pay more in taxes?
RANGEL: Don't pick out GE. I'm talking about are you prepared to say we ought to clean up the code, get rid of the loopholes --
HANNITY: I support a fair tax. Do you support that, national sales tax? Not on top of the income tax.
RANGEL: Well, I know. You are not going to it with the fair tax. The Republicans at the House, they haven't introduced any bill at all to deal with taxes, you know that.
HANNITY: Paul Ryan dealt with the entitlement reform and it was a Paul Ryan look-alike throwing granny over the cliff.
RANGEL: Well sure did throw a lot of Republicans over the cliff with it.
HANNITY: You haven't lost your sense of humor. Congressman, good to see you. I heard you just got out of the hospital. I am glad you are feeling better.
RANGEL: I am. Thank you so much. And keep those invitations coming.
HANNITY: They will come. You may regret it.
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