President Reagan's Budget Director Says " GOP Has Abandoned Fiscal Responsibility By Adopting Theology Of Tax Cuts"

David Stockman, former Reagan Budget Director, appeared on CNN's Fareed Zakaria GPS. He stated that "We need a higher tax burden on the upper income." Stockman also says that after 1985, " the Republican Party adopted the idea that tax cuts can solve the whole problem, and that therefore in the future, deficits do not matter." Here is the interview.