movejobs to other to do it and it take a long time to move jobs to other vacancies. people will they wait that long? is move jobs to other vacancies. people will they wait that long? will they wait that long? is not ust will they wait that long? is not just matching will they wait that long? is not just matching one will they wait that long? is not just matching one with - will they wait that long? is not just matching one with the - will they wait that long? is not i just matching one with the other, and that does take time. and it s notjust and that does take time. and it s not just the skills and that does take time. and it s notjust the skills issue, is a regional issue, is a central issue. it s notjust skilling up. and i know henry definitely was not having a go at me and i accept that but what i don t think the country turned around and said we don t want you any more, goodbye. i don t think it was like that at all. what i believe the country did wrongly, using its access t
but biden wants to go well beyond that, calling for investments in broadband access, electric systems and manufacturing. by one estimate, it could create 2.3 million jobs by 2024. to pay for it all? new tax hikes. the white house today saying the president has a plan to pay for every dollar. he is proposing a way to pay for his proposals over time. reporter: biden says he ll raise taxes on large corporations and the most wealthy. but promises no one making less than $400,000 a year will see their taxes go up. also on the table, raising the corporate rate from 21% to 28%. and imposing new penalties on corporations that move jobs overseas. but mary, you and i know the same reality, a 50/50 senate and the president expected to face resistance from republicans on this. reporter: he absolutely is, david. republicans are already pushing back against any attempt to raise taxes. but even some democrats are voicing concerns about this plan. the bottom line tonight, washington is gearing
adjustment, i want to hear about the border tax, the president has been talking about. he hasn t suggested a border tax. what he s suggested is that for certain companies that move jobs, okay, there may be repercussions to that, he has nod suggest not suggested in any way a 35% border tax and if anything quite the contrary, as you said he has concerns about things impact the price of gas and others. so what products would be off the table what i call border tax and you want to say is kind of something else, what products that working class people buy would be exempt? again, i think when he s referred to a border tax, he s referred to a small number of companies that have moved their jobs or are moving their jobs
all right it s time to make better sense of what we are being told. president-elect donald trump renewing his threat to impose a 35% tariff on american companies that move jobs overseas. what are the pros and cons of such a proposal? joining us is executive editor of bloomberg view and author of trump nation the art of being the donald timothy o brien. now there are legal obstacles. we re not here to discuss those today. but if you don t have a general tariff the president probably has an authority to do a targeted tariff like this congress has never passed something like this. specifically. so thaegt the legal side. let s just talk business. here s his tweet setting the table. the president-elect in flagrant disregard of 140 characters on this issue. there s a whole string of tweets. what they say in general is if you think you re going to leave and make your products, cars, ac
classified information, handling of that, the his personal affair, circumstances of why he had to leave the cia, yeah, that s going to be an issue, but to your point i don t see republicans in sufficient numbers turning. david gregory. thank you. all right. the bottom line. with david gregory. president-elect donald trump threatening huge tariffs on u.s. companies that move jobs to other countries. okay. this deserves examination. people keep throwing it around, and a lot of us don t understand it. but you will. next. when it comes to healthcare, seconds can mean the difference between life and death. for partners in health, time is life. we have 18,000 people around the world. the microsoft cloud helps our entire staff stay connected and work together in real time to help those that need it. the ability to collaborate changes how we work. what we do together changes how we live.