including your own treasury department says that shareholders, people that own stock get 75 to 80 percent of the burden from higher corporate tax rates and if the corporate tax rates are lowered that they will get some 75 to 80 percent of the benefit, not the workers. chris, most economists believe that over 70 percent of corporate taxes are paid for by the workers. and the fact that the treasury department, i think was eight or 10 years ago put out a piece otherwise, i do not believe in that. our current economic team did not believe in that. there are lots of economic research. we need to create a business tax system that is competitive. live one of the highest tax rates in the world. we tax on worldwide income. there are three to $5 trillion sitting offshore and the president and i are completely focused on reading something good for american workers that
adjustment tax, that as, that is, that is a divisive and apis you can come up with. let s put aside the border adjustment tax. i don t think it can pass the house. i don t think it s good policy. it definitely can t pass the senate and hurts our ability to do tax reform. there is broad agreement we have to make our business tax system more competitive and involves lowering rates. leland: i don t mean to interrupt you, but you say there was broad agreement on repeal of obamacare. that s what you ve been running on for seven years. i think is a different pair. you are right we all ran on it, we all voted for repeal, but now that you are playing with kind of actual legislation that can be signed, you saw a lot of members were committed to repeal the whole time. taxes a little bit different. the one thing we can do still is cut taxes. there is more agreement on the business and individual tax cut. we shall see one to mark ups
jobs number now and says, look, i created 700,000 jobs, a million jobs. the jobs are created in this country every month. can the president truly take cr credit for this? dangerous territory he s taking charge. first of all, american businesses creating those jobs. the american economy creating those jobs. a lot of that reflects the economic policies before. and people on all sides of the issue have to understand presidents affect this somewhat, but they don t affect it in a huge way and they don t affect it immediately. so, in fact, the pace of job growth is a little bit slower than the pace of job growth that we saw last year. i think the important thing is not to focus on these types of one off carrier deals, but to try to put in place something more attractive to make it america. more infrastructure and more training for our workers. less taxes. reforming our business tax system. which, by the way, were cut in president trump s system.
the business tax system and blow up the deficit. and he s going to then pay for that by cutting infrastructure and cutting training. we have to leave it there. christine has unrealistic expectations. she wants a job and be able to live and get covered. crazy. come on. coming up, much more on the future of the senate republicans health care bill. but before we go, you ve got to see this video. it is a friday. as part of his trip to asia promoting football, super bowl mvp tom brady. wow, there you go. he didn t just go there to sell some products and underarmor gear. he tried other sports. he may have six super bowl rings but it appears tom didn t win. tom brady, when in rome. he s told that joke a million times. and you always laugh like you re hearing it for the first time. at lincoln financial, we get there are some responsibilities of love you gotta do on your own.
so much as to align and sentence, perhaps create certainty. continue. you go. i agree with you. the only other thing i would say because i do think we have a lot of capital in the united states now but we have a business tax system that is incenting u.s. companies keeping that capital abroad. the other thing we want to incent is that money comes back to the united states both now as well as going forward. and that money can be deployed to create new business here and create jobs and that we stop things like inversions because it makes economic sense for u.s. companies to do business here. so the incentives both for the company to use their money more wisely, to invest it within to create jobs but also to keep companies from moving abroad? correct. on behalf of all those folks in evangeline parish and elsewhere who want prosperity, i