or economical car types to 1st time buyer and more personalized models to people who already have cars as they think are b.m.w. and porsche or as i mentioned it s all about status in china what about the cars because they spark a revenue boost. to understand this we have to talk about china s new stricker emission rule of law launched on july 1st china now requires most vehicles to meet that standard and we know now 5 percent of china s cars i eat cars and beijing plans for a car to make up 20 percent of its old vehicles by 2025 so it seemed to be a big market and very good business but we have to understand that 95 percent of the car market are controlled by a national car makers foreign car makers has not been able to make inroads in the united the market so thank you very much for giving us the lowdown on those low
economy that could use this help. i think you should have separated the nation of reforming the tax structure from trying to get a temporary revenue boost. it really comes down to increasing taxes and increasing spending. we ve had quite a bit of that already in his first term. he s offering a tax cut, not a tax increase. well, he s going to get more revenue. where i went to school, if you change the structure in such a way that you get more money in, that s a tax increase. maybe you studied some different math book than i did. you re wrong about that. you re flatly wrong on the facts there. he s lowering the tax rate from 35 to 28%, broadening the base. he s also taking away loopholes. correct. the net corporate payment is going to go up. revenue neutral, not revenue positive. if we can put the economics arguments aside, although those are the most important part, but the whole idea here is that the democrats would get something they want and the republicans would ge