'This Week' Transcript: Debbie Wasserman Schultz and Reince Priebus

And this idea that we're spending all of our time just killing people because they live the American dream and made something out of nothing and made money -- I mean, this is crazy talk. And I just think we need to get back to the issues.

STEPHANOPOULOS: So the short answer is, you don't believe it's hurting him, you don't think he has to do anything more on the tax returns?

PRIEBUS: I think it's hurting the president -- I think it's hurting the president because people know that the job to do in this country and the job that this president claimed that he was going to do was, what did he say? Jobs one. He hasn't met with his jobs council. The entire philosophy of Bill Clinton -- excuse me, of Barack Obama -- can be summarized in one word, and that's Solyndra. That's Barack Obama's philosophy.

STEPHANOPOULOS: Let me ask you another question about taxes. The president also charging this week that Romney's tax plans would raise taxes on the middle class. And as backup, they point out this study from the Tax Policy Center. I want to read their major conclusion. It says that, "our major conclusion is that any revenue-neutral individual income tax change that incorporates the features Governor Romney has proposed would provide large tax cuts to high-income households, and increase the tax burdens on middle- and on lower-income taxpayers." They're saying that it's mathematically impossible under the assumptions that Mitt Romney has not to raise taxes on the middle class?

PRIEBUS: Well, that's just not true, because they didn't take in a lot of -- first of all, this thing was written by a former employee of Barack Obama. That's No. 1.

STEPHANOPOULOS: Well, the head of the center used to work for President Bush, and so did one of the authors of this study.

PRIEBUS: OK, but you know--


STEPHANOPOULOS: Even Mitt Romney has cited this tax institute as a credible source.

PRIEBUS: OK, we'll put aside that the author worked for Barack Obama. We'll put that aside. But secondly, the study itself said it wasn't going to be a score on Mitt Romney's plan. Thirdly, it doesn't take into account the effect of deficit reduction plans that Mitt Romney has put in place, reducing spending from 24 percent of GDP down to 20. Reducing individual income tax rates 20 percent across the board for middle-class families. Getting rid of the big Obamacare tax. All of that deficit reduction, individual income tax reduction, and a plan to get rid of Obamacare brings down the deficit, that -- that makes the growth rate in this country increase. And all of those assumptions weren't taken into effect, George. They just weren't in this plan.

So I think the growth rate that will come out of Mitt Romney's plan, of reducing taxes on small businesses, reducing taxes on individuals and cutting spending in Washington, that, together, creates growth, will increase individual income rates and jobs and get America moving again.

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