be on imports but you don t levy that tax on exports? a lot rebate it. rebate it to exports. paul: a lot of people, retailers say it will raise prices for consume isers. it is protection it. how do you respond to that? the truth of the matter a border tax adjustment is a nothing policy. what you re doing tax on imports the is same thing as tax on exports. that is learner stem mitry theorem. a tax on exports they offset each other. this is way to pandering to people who want protectionism without having protectionism. border tax adjustment is not a problem, but tariff as a stand-alone is very serious problem. paul: but the border adjustment is first order of business until exchange rates adjust, it will raise prices for retailers who import their goods, walmart and others will it not? it could, it could. you will have an adjustment globally to the new border tax adjustment. that is exactly what they do with the vat in europe.
Detailed text transcripts for TV channel - FOXNEWS - 20170107:20:04:00
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businesses complain about, this regulatory overreach and so forth. the process has been corrupted as well, without the proper hearings and time and so forth. so, i m, i have a lot of hope. i think it s a businessman, donald trump understands the problems of the regulatory burden. he probably dealt with them personally. paul: anything else on the list, joe, that you think, they need to get done? and what do you think they will get done? are you optimistic as these two guys? i think they might end up overloading their bandwidth. i think they have to do those big things. you heard paul ryan say the people elected us to get results. they have to keep that goal in mind with every, every bill they pass. they have got to get growth from 2% to three to 4% in order to get wages rising. that is what they will be held accountable for. paul: kim, i want to read a donald trump tweet this week about a big ethics flap on capitol hill where congress, republicans tried to change a