Chairman Paul with Bloomberg’s Kathleen Hays (12/10/2010)

Representative Ron Paul talks with Bloomberg's Kathleen Hays about re-establishing the U.S. estate tax, his plans as the new Chairman of the Subcommittee on Domestic Monetary Policy, and the compromise on extending the Bush era tax cuts. The interview is part of Bloomberg's Hays Advantage podcast. While some Republicans feign outrage at Dr. Paul's support for the White House's tax cut proposal, it is another example of the Congressman's pragmatic populist streak: he is unwilling to risk the impending tax hikes for everyone, just to ensure the tax cuts for the richest Americans (who have done incredibly well over the last decade, by any economic measure). Moreover, he would never admit it, but perhaps he feels compassion for the millions of unemployed who have lost their jobs at the hands of the Fed's boom and bust cycle. In an era where the banks and corporations have been bailed out for their reckless speculation, should the Republican congress make their fiscal stand against the unemployed? How about cutting the funding for the wars, the embassies, the bureaucracy, or the body scanners?

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