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00:00BALANCED THE BUDGET WITHIN EIGHT YEARS. HERE IS HOW HE FRAMED IT AT A NATIONAL COMMUNITY COLLEGE AND NEW HAMPSHIRE. JOHN KASICH: I WILL IMMEDIATELY PUT US ON A PATH TO A BALANCED BUDGET AND I WILL GET IT DONE WITHIN EIGHT YEARS. WITHIN THE FIRST 100 DAYS WE WILL HAVE THAT PLAN TO BALANCE THE BUDGET. AND TO KEEP IT BALANCED I WILL START THE PROCESS TO AMEND OUR CONSTITUTION TO REQUIRE WASHINGTON TO BALANCE ITS BUDGET EVERY SINGLE YEAR, LIKE STATES AND FAMILIES IN AMERICA. MARK: WE'RE GOING TO BRING IN OUR -- HE HAS WRITTEN A LOT OF TAXES, TELL US WHAT YOU THINK ABOUT HIS TAX PLAN AS A MATTER OF POLICY. HOW: -- AL: I MAKE GREAT FAN OF JOHN KASICH, AS YOU KNOW. THIS IS VOODOO ECONOMICS. HE PROPOSED SOMETHING VERY SIMILAR 17 YEARS AGO IN THE HOUSE WHEN HE WAS THE BUDGET COMMITTEE CHAIRMAN. WE HAD A $1.5 TRILLION SURPLUS. HE SAID AN ACT OF THIS TAX CUT AND WE WILL STILL HAVE A SURPLUS. IT LED TO ENDLESS DEFICITS. HE IS GOING TO CUT TAXES BY 30% AND THE US EIGHT TAX, GIVE TAX CUT -- AND THE ESTATE TAX, GIVE TAX CUT BREAKS. AT THE SAN FRANCISCO GIANTS AND WASHINGTON NATIONALS HAVE A BETTER CHANCE OF WINNING THE WORLD SERIES. MARK: THE OTHER CRAZY THING, GIVEN IT IS JOHN KASICH, IT IS UNIMAGINATIVE. THERE IS NOTHING IN HERE NEW AT THE LEAST. AND TAKING ON THE FOOTBALL CARE ACT AND SOCIAL SECURITY SUGGESTS A LACK OF COURAGE ON THE ISSUES. AL : FOR A GUY WE THINK OF AS HAVING A LOT OF COURAGE, YOU ARE RIGHT. IT IS STRIKINGLY SIMILAR TO THAT. ON MEDICARE HE DOESN'T TELL US HE IS GOING TO REDUCE THE RATE. -- HE TELLS US HE'S GOING TO REDUCE THE RATE BUT DOESN'T TELL US HOW HE IS GOING TO DO IT. MARK: AND IF YOU GO BACK TO THE POLITICS OF IT, THERE IS SO MUCH "ME TOO" IN HERE , THAT VOTERS ARE GOING TO HEAR ANY MESSAGE FROM JOHN KASICH TO SAY THAT I HAS TO BE MY PRESIDENT. AL: IF HE WANTS TO RUN ON TAX CUTS, DONALD TRUMP WILL TRUMP HIM EVERY SINGLE DAY. AND MARCO RUBIO TWO, PROBABLY. HE SAYS HE IS -- HE IS GOING TO FREEZE NON-DISCRETIONARY DOMESTIC SPENDING FOR EIGHT YEARS. IT IS CURRENTLY AT THE LOWEST LEVEL OF PERCENTAGE OF GDP AT ANY TIME SINCE THE EISENHOWER ADMINISTRATION. I WANT TO KNOW IF HE IS GOING TO CUT THE NIH BUDGET, FLORIDA PATROL? JOHN: WHOSE TAX PIE IS MORE IRRESPONSIBLE? DONALD TRUMP OR JOHN KASICH? AL: DONALD TRUMP. HUGH CAN'T BEAT HIM IN THAT CONTEST -- YOU CAN'T BEAT HIM IN THAT CONTEST. HE DOESN'T PRETEND HE IS GOING TO CUT ANY ENTITLEMENTS. HE GOES FURTHER. THIS FROM A GUY WHO IS A PRETTY IMAGINATIVE AND COURAGEOUS POLITICIAN AT TIMES AT A VERY GOOD GOVERNOR, THIS IS A DISAPPOINTMENT. JOHN: YOU ARE A GOD OF TAX POLICY. THANK YOU SO MUCH. WE WILL BE BACK WITH A REALLY FUNNY JOKE.

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Al Hunt: John Kasich’s Tax Plan Is ‘Voodoo Economics’

On “With All Due Respect,” Bloomberg Politics’ Al Hunt discusses Ohio Governor John Kasich’s tax plan, saying it’s “a real disappointment.”

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