Rep. Grimm (R-NY): “Stop demonizing the rich”

On In the Arena, Rep. Michael Grimm (R-NY) and Rep. Loretta Sanchez (D-CA) debate President Obama’s deficit reduction plan and speech with CNN contributor E.D. Hill.

Sanchez: “We saw…with President Clinton, a raise in taxes, bringing down of the debt, a boom in economy. We saw a gift of tax cuts from President Bush. And we start going down. And the Republicans continued to spend.”

Grim: “…The job creators cannot be punished….Stop demonizing the rich….. I do not agree with my colleague that we should be raising taxes on anyone. Not the low, middle, not the high.”