DeMint comes out against tax deal, says GOP must do ‘better than this’

Here is a full transcript of Hewitt’s interview with DeMint, with an audio clip at the bottom:

HH: Pleased to welcome now to the Hugh Hewitt Show Senator Jim DeMint from South Carolina. Senator, always a pleasure, welcome back.

JD: Thank you, Hugh. It’s great to be with you.

HH: I’ve got some quick questions for you. The first is if the deal reached between the President and the Republican leadership yesterday makes it to the floor of the Senate in substantially the same form, will you vote for cloture to allow a final vote on it? And would you vote for it on that final vote if it cleared cloture?

JD: No.

HH: On both counts?

JD: On both counts. I’m glad the President recognizes that tax increases hurt the economy. I mean, I guess that’s progress. But frankly, Hugh, most of us who ran this election said we were not going to vote for anything that increased the deficit. This does. It raises taxes, it raises the death tax. I don’t think we needed to negotiate that aspect of this thing away. I don’t think we need to extend unemployment any further without paying for it, and without making some modifications such as turning it into a loan at some point. It then encourages people to go back to work. So there’s a lot of problems with it. I mean, and frankly, the biggest problem I have, Hugh, is we don’t need a temporary economy, which means we don’t need a temporary tax rate. A permanent extension of our current tax rates would allow businesses to plan five and ten years in advance, and that’s how you build an economy.