35%. what from 35 21, 14% reduction. that did everyone said oh my goodness this is tremendous. all we are doing is basically saying the largest corporations in america but have a $1 billion of value or greater have to pay a minimum of 15% to help this great country. let us all pray don t think anyone west virginia but anyone could get by with at least pink 21%. we did not raise taxes we close loopholes. i made sure there s no tax increases and this whatsoever. here is the tax foundation for they say the proposed 15% met on tax corporate book income is most economic damaging provision in the bill, reducing gdp by .1% costing about 27000 jobs. as americans for tax reform on the energy portion of the legislation would be a regressive tax on oil and gas developed based on admission levels of methane during production leading to higher energy bills for consumers and higher cost of everyday products. are they wrong? we work with all those
we should not be looking for china, to make sure they have a total stranglehold on a spread that is what we re trying to break we are going to break it as quickly as we can because we are incentivizing. bret: you said extracted promises from senator schumer and speaker pelosi in the white house to re- look at infix oil permitting and focus on energy security. but that s not in this bill that part of it. home depot cofounder had this to say about the bill and your efforts. i think manchin is a fine man. it was she was a republican instead of a democrat. but i think his motive is normal and fair pete i believe he s going to be tricked that is what i m worried about i shouldn t say i m believe i m worried he s going to be tricked. the expenses will be there that s going to be inflationary. that is going to be by its very definition inflationary. what should they do question work they re only putting more gas on the fire.
it was written. and politically now there s more to it. politically it s eight fire iron here this is not just been years in that making it has been decades in the making. veteran advocacy organizations have been lobbying the u.s. government about this literally for multiple decades now. we arrived at this point blocking final pastors of the bill pretty could look to pat toomey he said that s nothing to do with not wanting to support these veterans. it has no democrats thinking and $40 billion in extra unrelated spending. so where you stand on this issue politically right now depends upon where you sit if you are democrat you are saying hold your nose if this is so important to you, spend some extra money. if you are a republican you are saying democrats are playing dirty, trying to sneak dirty extras into this a package they could just cut it out if they really cared about veterans.
at gaudi america or e-mail us at gaudi american box.com. thank you for spending part of your sunday with us. i hope you have a great week ahead. until next week you can find us on the tray gaudi podcast. good night from south carolina bret: i am bret baier. president biden has a positive for covid again democrats surprise win for us to domestic, a tax-and-spend bill as the country enters a technical recession. this bill will reduce inflationary pressures on the economy. this is not a democrat bill for this is not a republican bill, this is an american bill progress republicans reject the deal per. that robbed american cabinet launch inflation out to rob the country second time to a
people that wanted them are still going to pay them to take it. it s absolutely ludicrous in my mind. had to go from ludicrous to signing off on it being in this bill? it is still ludicrous if you re going to pay just for the sake of buying a car. the bottom line is it the first time in the history of our country that we are not self-sufficient within the transportation mode. we are dependent on china for the battery components, we don t do any of that. this bill is based around battery manufacturing. if the battery and the critical minerals are not sourced and processed in north america you don t get it. if you want to auteur at that industry so we are self sufficient transportation but this is the way to do it. we didn t just throw $7500 out because you want to buy an electric car. also i get for used people so people going to work have a $4000 credit. but that battery has to be sourced and produced in north america and all of our favored nation such as australia for this is what