looks like they might be blinking here. they are blinking because they need us more than we need them. when you look at imports, versus exports, the u.s. is a big economy that sustains itself. it is really consumer demand. our exports are less than 13% of our economy. to a certain extent, china is opaque, you don t know what is happening there, it is hurting them more than us. charles: now this year-end rally, santaa claus rally has begun already, done with earnings season, maybe the new system here. what about usmca, potential driver of the market for this year and next year. it would be great, charles, looking less and less likely that will go to the floor based on certain persuadances we have out there from the left. here is the thing, i think the end of the year, the risk is there could be profit taking, could be rebalancing that kicks in along this time period, toward end of year for tax loss
returns out there because back in the 1990s, he took a huge tax loss. which means he likely hasn t paid any income tax. it s not a great look for the person in charge of tax policy. if he actually hasn t paid any income tax. it remind people that actually his business went bust. back in the day. and perhaps he s not a hugely successful businessman. he s ridden this wave. doesn t it depend on what happens during the course of discovery and whether or not that they re made public. evidence or something. it s unlike will. it shouldn t come out. because this is a grand jury subpoena. they are marked by secrecy. and the prosecutor has an obligation to keep those documents secret. there are exceptions. there are other people. the more it gets out the more people the chances are someone might the more pieces of paper out there. and could be discovery. prosecutor has to turn over
and minority women predominately. that s the case he s making. but is not about how who he is as an ally for women. melissa: but he said in the past he s against abortion because he s a catholic. jessica: he has been politically pro-choice just like tim kane. melissa: that s jessica: for people who are in the middle and religious, i think that s ideal for someone to say this is how i feel about myself, i understand i don t have a right to control your body or your body. charles: he was pushed to change his mind in 2448 hours. if you are a voter same thing on climate change, he finally came out with his quiet change bill. that s not what he wants to do. he wants to do something complete lee different. rachel: at the hyde amendment is about giving tax loss to abortion. he s one of the most prominent catholic politicians in america. let s see if the bishops came out and say something about a prayer that could change the swing vote. melissa: with less than three weeks unt
your tax revenues come in ahead of that. year very much on the path for a very good feedback effect on taxes. we have gdp growth at 4.2% and 3.5%. you saw the jobs report. all of this is what we hoped would happen and in two or three years all of that tax loss will be cut down and then you ll start getting the revenues back. it s like any investment project. you don t make your profits the first day. it takes a while for those things to work and come back. just like it did with regan, clinton, kennedy. all of those took plenty of time and they really work and i m very convinced these will work if you can continue these politics going forward. if you re correct is the president making a mistake out on the campaign trail i ll say play thing fear card, talking about the caravan and immigration instead of touting the economy.
gets to this would be a reason why he wouldn t want to release his tax returns? i think it does, and i think in a sense, we had some clues about this with those partial returns that have become public in the past, showing the claiming of a remarkable something like $900 million tax loss and then setting that out for many, many years as an offset. i think if the record is what we think it is, he pays much less tax than one would expect somebody to pay given his life circumstances and the kind of lifestyle that he has. and for all the reasons we ve heard, there are probably legal but also political reasons why he doesn t want that to come out. and again, through his attorney, john, he denies it. and the denial also his family is also denying it, saying that they have they have paid all appropriate taxes. the denial, though, does what, do you think? well, let me put another historical spin on this for you.