And those are, basically, the three things were going to have to get out. I got them out early and strong, and a lot of people think the poll numbers are going to go up because of that. Trish he had a ton of momentum as he came into that debate. He was talking about jobs, the economy, trade, basically his sweet spot, and he hit clinton here, really painting her as a failed politician. Watch this. The world [applause] let me tell you, let me tell you, hillary has experience, but its bad experience. We have made so many bad deal cans during the last [applause] so shes got experience, that i agree. Trish now while Hillary Clinton tried to portray him here as a selfish rich guy, take a peek maybe he doesnt want the American People, all of you watching tonight, to know that hes paid nothing in federal taxes, was because the only years that anybodys ever seen were a couple of years when he had to turn them over to state authorities because he was trying to get a casino license, and they show
The candidates can check the box now, guys. I know they were nervous yesterday. They would never admit it probably. But they have that first debate in the can now. One down, two to go. It all happened there at Hofstra University last night. Theyre going to play it safe. This morning, were going to detail it. When the two of them came out, it was surreal. There youve got the woman referred to donald trump as a sexist and racist the last year or so the last six months and then youve got him whose crowd has shouted lock her up and he calls her crooked hillary and there they were shaking hands. Thats when it started. It reminded me of holy field tyson. You watched their careers but never fought each other. You finally started in the same ring at the same time. That leads us to the question, who got the knockout if it went to the cards . Who would the judges vote for . Just like a man to give us a sports analogy. Youre absolutely right. We were all watching last night to see how controlled
Need to leave. Any comments on that. Steve, do you want to start . Sure, i can address that. I do not think shifting to a territorial system is right. The two problems that weve highlighted here are earning stripping and the deferred accumulated earnings of these controlled foreign corporations. If we shift to a territorial system in which a u. S. Company is only taxed on its u. S. Source income, and not taxed on its foreign income, there will be all the more incentive for multinationals to strip income from the u. S. Base and shift it abroad. Isnt that the first step and then you deal with all those issues let me finish my answer. So as part of any consideration of territorial, we need to address the earnings stripping issues that were discussing here. One of the observations professor shay made in his article, he wanted treasury to adopt regulations that could fold into tax reform and weve got to address earning stripping and we have to do it sensibly and i think we could fold that i
Tax rate of those companies to be reduced. And thats why were talking about this subject. So it appears that having a bow tie is not an indication of prof sor yal stature but tax planning. John, you started us off by talking about the fact that your view, this set of practices were a symptom of a larger set of drivers in the Corporate Tax structure and that ultimately and i think you wouldnt get any disagreement with anyone here we need to be addressing those larger drivers. But in the context of the current debate, first of all, can i ask you to ask would the measures that steve and steve have put on the table be effective and then we can go beyond that to say should treasury take it. Lets start with the effective. So the answer is i dont think so. But theres an overarching point before i get back into the weeds which is why are we trying to raise the bar so it will be harder for companies to leave the United States. Why arent we trying to do something to make it more attractive for t
Questions, british Prime Minister David Cameron condemned the murder of a journalist and told members that the u. K. Would never give in to terrorism. On monday, he announced new the passportsize of citizens accused of terrorism. He answered questions on the scotland independence vote scheduled for september 18. Prime ministers questions tonight on cspan. Vice President Joe Biden gave the weekly address in place of president obama who return from the nato summit. He outlined the efforts in reviving the economy and for raising the minimumwage. U. S. Senate candidate Dennis Dan Sullivan theyve the republican address and talked about smaller federal government and energy policy. Ladies and gentlemen, this is joe biden, im filling in for president obama, while he addresses the nato summit in wales. When the president and i took office in january of 2009, this nation was in the midst of the greatest economic crisis since the great depression. Our economy had plummeted at a rate of 8 in a si