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Transcripts for FOXNEWS Tucker Carlson Tonight 20200805 04:56:30
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Transcripts for FOXNEWS Tucker Carlson Tonight 20200805 00:56:30
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the problem is that s the opposite of this tax plan. when you lower the foreign profits tax to zero% you re incentivizing business to say if you outsource american jobs overseas you can pay 0% of the profits. they re giving motivation to outsource jobs to other countries. another problem in the math there is a trillion dollar budget hole here that nobody on the republican side has acknowledged. we ll be borrowing money from our grandkids to pay for tax cuts for the wealthiest 1%. a moral problem with that. we re borrowing against future generations to pay for tax cuts for the most wealthy 1% that will incentivize outsourcing jobs. common sense. democrats don t get it.
that s the central part of this. they are selling it as middle class tax reform, but the company tax reform is what they are selling. the philosophy and you can debate this, if you cut the taxes for companies, that will create jobs and add wages for american workers. when you look at this for the big high tax states like new jersey and california and i don t know if getting rid of this will cancel out what they lose from the state and local deductions. that s something that gop congress people are really going to fight. any surprises? christine, i think it s a great job of explaining this bill. well done. you are right, christine. the real centerpiece of this, i work with donald trump 18 months ago when this plan was originally hatched. it really is about primarily in terms of economic impact trying to bring jobs and businesses ask capital back to the united states instead of outsourcing
such a point that it s impossible for our companies to compete. when it comes to outsourcing jobs, laborers are paid a lot less and the standards are worse when it comes to the environment and health care and worker safety. many problems. i agree with it. but what do you say when somebody says. it s hard to get them. why don t you be a leader and make these in philadelphia? i d be willing to pay more for this tie. unfortunately, you would see that it s very, very hard to have anything in apparel made in this country. today, the president argued that making products in the united states was an act of patriotism and national security. so why isn t he leading by example? sorry, is that for me, don? steven. oh, look, i think i m a patriotic american. you caught me i believe red, white, and blue. i do people should buy american if the prices are relatively the same. i check for the american label. there s a great theme for donald
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