An amiable discussion between MSNBC host Ali Velshi and former Gov. John Kasich (R-OH) on the proposed budget deal went off the rails on Sunday morning after the two began arguing over whether wealthy Americans should pay more in taxes.
After the former GOP governor complained that Wall Street bankers are being taxed at 40 percent on their bonuses and then stated that is one of the reasons Americans are moving to low-tax states like Texas and Florida, host Velshi pointed out his two examples are "terrible" places to live.
That was when the interview went downhill as the two talked over each other and Kasich repeatedly snapped, "Can I finish?"
During one exchange, Kasich blurted, "Let me finish! You said, they are horrible places to live, I don't agree with that. This all came about because you said, why are we not raising taxes on corporations and on people? And I am saying to you when you raise taxes too high, you discourage people from doing what they want to do."
"A lot of times they will leave to go to a place, where they get a better reward for their hard work," he continued. "Now some corporations are able to take advantage of things like depreciation that allows them to invest more. Look, the fact is we have this thing called modern monetary theory; this is another theory. Now, we have had sky-high inflation because these policies don't work."
"Modern monetary theory is not the reason we have inflation," Velshi shot back as the two once again talked over each other with an exasperated Kasich once complaining, "You don't want to have a discussion."
You can watch the fireworks below:
MSNBC 05 28 2023 10 57 54youtu.be
