pentagon acknowledged causing civilian casualties. u.s. stock futures pointing to a higher open. asia markets posting solid gains overnight. u.s. stock market is closed monday for memorial day. the exploding air bag problems led to 34 million recalled vehicles. it could take as many as five years to replace all of those dangerous air bags. according to an auto export at the consumer federation of america, the issue is how long it will take to make the replaced air bags and finding the owners to take them to the dealerships. some dealerships are overwhelmed by the repairs. takata has manufactured just 4 million replacements so far. most of those have already been installed. when you think of the scope, it shows you the industry made a mistake by relying so heavily on one big supplier.
i m very worried about a sector of our economy that has been under fire. i come from southwestern pennsylvania. the heart of the steel country. the heart of manufacturing. and it s been devastated because we are uncompetitive. 30 years ago, we were devastated because business and labor didn t understand global competitiveness. and they made a lot of mistakes. they weren t prepared for it, we lost a lot of jobs. that s not what s happening now. our productivity gains, our labor force, they re doing their job. they re being competitive but they re running into a stiff headwind called government. and it s government taxation. 35% corporate tax. which is the highest in the world. it s a tax that doesn t easily offset when we try to export which makes it even more difficult for us to export. for lowering the corporate tax to zero it out for manufacturers and processors. which is what i do. because we are at 20% cost differential with our nine top trading partners on average. and t
i m very worried about a sector of our economy that has been under fire. i come from southwestern pennsylvania. the heart of the steel country. the heart of manufacturing. and it s been devastated because we are uncompetitive. 30 years ago, we were devastated because business and labor didn t understand global competitiveness. and they made a lot of mistakes. they weren t prepared for it, we lost a lot of jobs. that s not what s happening now. our productivity gains, our labor force, they re doing their job. they re being competitive but they re running into a stiff headwind called government. and it s government taxation. 35% corporate tax. which is the highest in the world. it s a tax that doesn t easily offset when we try to export which makes it even more difficult for us to export. for lowering the corporate tax to zero it out for manufacturers and processors. which is what i do. because we are at 20% cost differential with our nine top trading partners on average. and t
five deductions. health care, housing, pension, children and charities. everything else goes. we focus on the pillars that have brought consensus to this economy. important sectors of our economy, including our children. the corporate side, we cut it in half, 17 1/2%. i do something different. i m very worried about a sector of our economy that has been under fire. i come from southwestern pennsylvania. the heart of the steel country. the heart of manufacturing. and it s been devastated because we are uncompetitive. 30 years ago, we were devastated because business and labor didn t understand global competitiveness. and they made a lot of mistakes. they weren t prepared for it, we lost a lot of jobs. that s not what s happening now. our productivity gains, our labor force, they re doing their job. they re being competitive but they re running into a stiff headwind called government. and it s government taxation. 35% corporate tax. which is the highest in the world. it s a tax that does