Transcripts For FBC The Intelligence Report With Trish Regan

Transcripts For FBC The Intelligence Report With Trish Regan 20160811

Of high school or older people displaced by automation and outsourcing. And for too long, big promises about the power of training and retraining havent delivered like they should. It doesnt help anybody to be training for a job that doesnt exist. So heres what were going to do. We will support high quality Union Training programs. We will propose [cheers and applause] we will propose new tax credits to encourage more companies to offer paid apprenticeships that let you earn while you learn. We will do more, including a National Campaign to dignify skills training across the board. I think weve got to reverse what has become a kind of, you know, commonplace view, which is Everybody Needs to go to college. Well, in fact, more than half of the jobs that are going to be available in 2020 do not require a college fouryear degree. So for welders and machinists and Health Technicians and coders and so many others, lets get the word out there are really good jobs for people right now, and there will be more in the future if you get the skills in high school, at Community College, in an apprenticeship, or other training programs. [cheers and applause] and i i want to acknowledge the great role that the Community College here has played in working with Companies Like this one to make sure people do have the skills. Now, i imagine some of you might be thinking, well, that all sounds good, but what about trade . After all, trump talks about it all the tile. Well, lets start with this. It is true that too often past trade deals have been sold to the American People with rosy scenarios that did not pan out. Those promises now ring hollow in many communities across michigan and our country that have seen factories close and jobs disappear. Too Many Companies lobbied for trade deals, so they could sell products abroad. But then, they instead moved abroad and sold back into the United States. It is also true that china and other countries have gamed the system for too long. Enforcement, particularly during the Bush Administration has been too lax. Investments at home that would make us more competitive have been completely blocked in congress. American workers and communities have paid the price. But the answer is not to rant and rave or cut ourselves off from the world. That would end up killing even more jobs. The answer is to finally make trade work for us, not against us. So my message [applause] my message to every worker in michigan and across america is this. I will stop any trade deal that kills jobs or holds down wages, including the transpacific partnership. [cheers and applause] i opuses it now. Ill oppose it after the election, and ill oppose it as president. As a senator of new york, i fought to defend new yorks manufacturers and steel makers from unfair chinese trading practices. And i opposed the only multilateral trade deal that came before the senate while i was there because it didnt meet my high bar. And as secretary of state, i fought hard for american businesses to get a fair shot around the world, and to stop under handed trading practices like currency manipulation and the theft of intellectual property. So as president , i will stand up to china and anyone else who tries to take advantage of American Workers and companies. [applause] and im going to ramp up enforcement by appointing for the first time a cheap trade prosecutor. I will triple the number of enforcement officers. And when countries break the rules, we wont hesitate to impose targeted tariffs. [applause] now, mr. Trump may talk a big game on trade. But his approach is based on fear. Not strength. Fear that we cant compete with the rest of the world, even when the rules are fair. Fear that our country choice but to hide behind walls. If team usa was as fearful as trump, Michael Phelps and simone biles will be cowering in the locker room afraid to come out to compete. [applause] instead, theyre winning gold medals. America isnt afraid to compete. Right now thousands of Michigan Companies are exporting billions of dollars of products around the world. We want them to sell even more and create even more jobs here at home. But corporations should not abandon profitable operations here in the United States to move abroad just to give shareholders a quicker return. Ceos, a bigger bonus, and unions a weaker hand to play. Now, before he tweets [laughter] [cheers and applause] about how hes really the one who will put America First in trade, lets remember where trump makes many of his own products because it sure is not america. [cheers and applause] hes made trump ties in china and trump suits in mexico instead of here in michigan. He keeps saying its not possible to make these things in america anymore, and thats just wrong. So we created a website. Hillaryclinton. Com makeithere. [cheers and applause] on it, we list altt tweanallyors enough, and it is certainly not lifting all votes. Since the crash, too many of the gains have gone to the top 1 . The rules and incentives in our system reward corporations for putting shortterm stock prices above longterm investments in their workers equipment and research. While corporate profits are at near record highs, paychecks for most people have barrel budged. Incomes arent growing fast enough to keep up with the cost of living like prescription drugs and child care. I believe that every employee from the ceo suite to the factory floor contributes to a business success. So everybody should share in the reward. [applause] especially those putting in the long hours for little pay. So im proposing a new tax credit to encourage more companies to share profits with workers. And more broadly, we will fight for a more progressive, more patriotic tax code that puts american jobs first. Right now when a corporation out sources jobs and production, it could write off the cost. We must stop that, and we must make them pay back any tax break they ever received from any level of government in our country. [applause] and for those that move their headquarters overseas to avoid paying their fair share of taxes, theyre going to have to pay a new exit tax. So if they want to go, theyre going to have to pay to go. [applause] and wall street corporations and the super rich should finally fair their fair share of taxes. Thats why i support the socalled buffett rule because multimillionaires should not be able to pay a lower tax rate than their secretary. [applause] we should also add a new tax on multimillionaires. Crack down on tax gaming by corporations, and close the carried interest loophole, something ive advocating for years. Now, compare what trump says. Now, there is a myth out there that he will stick it to the rich and powerful because somehow hes really on the side of the little guy. Dont believe it. Not when he pledges to rip up basic rules that hold corporations accountable. When he wants to scrap regulations that stop polluters from poisoning the air our children breathe, and the water we drink. Let Insurance Companies write their own rule again. Trump will roll back the tough rules that we have imposed on the financial industry. Ill do the opposite. I think we should strengthen those rules so wall street can never wreck main street again. [applause] trump wants to abolish the Consumer Protection bureau. A new agency that has already returned more than 11 billion to 25 million americans who were taken advantage of by corporations. Why would you get rid of that . And then there is trumps tax plan. He would give trillions in tax cuts to big corporations, millionaires, and wall street money managers. That would explode our National Debt and eventually lead to massive cuts in priorities like education, health care, and environmental protection. In his speech on monday, he called for a new tax loophole. Lets call it the trump loophole. Because it would allow him to pay less than half the current tax rate on income from many of his companies. He would pay a lower rate than millions of middle class families. One nonpartisan expert at the Tax Policy Center described this plan as and i quote a really nice deal for donald trump. Of course its hard to say how nice because he refuses to do what every other president ial candidate in decades has done and release his tax returns. Taxpayers in america would get an average tax cut of more than 15 million a year from the trump loophole. And then theres the estate tax, which trump wants to eliminate all together. Now, if you believe that hes as wealthy as he says, that alone would save the trump family 4 billion. It would do nothing for 99. 8 of americans. So they would get a 4 billiondollar tax cut and 99. 8 of americans would get nothing. Just think of what we could do with those 4 billion. We could pay for more than 47,000 veterans to get a Fouryear College degree. We could provide a years worth of health care to nearly 3 million kids or if you understand a years worth of assistance to state and local law enforcement. I think there are a lot of better ways to spend the money. On monday, im going to be in pennsylvania with Vice President biden. And he has a saying, dont tell me what you value. Show me your budget, and i will tell you what you value. Well [applause] donald trump wants to give trillions in tax breaks to people like himself. I want to invest it in veterans, our kids, our police officers, and so much more. And you can then draw your own conclusion about values. Now, its true, that both of us have proposed to cut taxes for family. But his advisers have said his own advisers have said he may not stand by them. Instead, the tax cuts he doubled down on in his speech in detroit on monday offer trillions to the richest americans and corporations. And what are the differences between donald trump and me . Im telling you what i will do, im laying out my plans, and i will stand by them and want you to hold me accountable for delivering results. [applause] this all reminds me of that old saying. If it sounds too good to be true, it probably is. And that brings us to the third question. Which candidate can you actually count on to go to bat for workers and working families . It is not enough to pay service to be on your side. We have to recognize how americans actually live and work in the 21st century and then offer Real Solutions that make your lives easier. We know that women are now the soul or primary breadwinner in a growing number of families. We know more americans are cobbling together parttime work or striking out on your own. So we have to make it easier to be good workers, good parents, and good caregivers all at the same time. Thats why ive set out a bold vision to make quality affordable child care available to all americans and limit the cost to 10 of family income. [applause] previously he had dismissed concerns about child care. He said it was quote not an expensive thing because you just need some blocks and some swings. Now he says he wants to exclude child care payments from taxation. His plan was panned from the left, the right, the center because it transparently is designed for rich people like him. He would give wealthy families 30 or 40 cents on the dollar for their nannies and little or nothing for millions of hard working families trying to afford child care so that they can get to work and keep the jobs. [applause] we have to expand the Child Tax Credit to provide real relief to tens of millions of working families at the cost of raising children. The same families that his plan ignores. And thats just the start. Because the more we do to help working families, the more our entire economy will benefit. For example, guaranteeing equal pay wont just increase paychecks for women. It will boost Family Budgets and get in th incomes rising across the board. [applause] and i dont understand why trumps against that. Paid family leave wont only make life easier for moms and dad, it will also keep skilled, talented americans in the workforce and grow our economy. Thats why every other advanced country already has it. Again, hes against it. Raising the federal minimum wage wont just put more money in the pockets of lowincome families, it also means they will spend more in the businesses in their neighborhoods. [applause] this is something even the original automakers understood way back at the 21st century when they agreed to pay the unbelievable sum of 5 a day of auto workers. And when they were criticized by other businesses how can you pay that much . They had the best answer. We want people to be able to buy our cars. This is economics 101. We need to get incomes and wages rising, and it will help the whole economy grow and be fairer. [applause] and protecting and expanding Social Security doesnt just help Older Americans retire with dignity. It helps to ease burdens on families and communities. And i also believe the same thing about immigration reform. We already have millions of people working in the economy and paying 12 billion a year to Social Security, even though they are undocumented. So by moving toward reform, we will unleash a lot of new income and growth, and we will level the Playing Field so that American Workers cant be taken advantage of because undocumented workers can be exploited by employers, which is one of the reasons we have this disconnect. [applause] and finally strengthening unions doesnt just serve members, it leads to better pay benefits and working conditions to all employees. So. [applause] ive also said i will defend and improve the Affordable Care act. And, for me, that includes giving americans in every state the choice of a Public Option Health Insurance plan that will help everybody afford coverage. It will strengthen competition, and drive down cost. Now, these are all causes ive worked on for decades, and i believe they point to a fundamental truth about our economy. It can seem like a zero sum when you are competing for a job, a promotion, or a contract if someone wins and someone loses. But that is not the full picture. If you step back, youll see were all in this together. If we can grow together, we can all rise together. Because you know what i like to say. We are stronger together, and thats why the forequestion [applause] the fourth question is key. And its this. Who can bring people together to get any of this done . Right . Well, i believe i can. Because i think i can provide serious steady leadership that can find Common Ground and build on it based on hard but respectful bargaining with the other side. Leadership that rises above personal attacks and namecalling, not revels in it. I just dont think insults and bullying is how were going to get things done. And i dont think thats the appropriate approach for us. I know its hard to imagine, but there was a time when democrats and republicans actually worked together. I know thats true. I did it as first lady, and secretary of state. Its how we created the Childrens Health care program which is how we covered 8 million kids. How we rebuilt new york after 9 11 and how we passed a treaty reducing the threat from russias nuclear weapon. So i am convinced based on my experience that we can do this. And one of the reasons that i asked senator ti tim kaine to be my running mate is that he also has a record across the aisle of getting things done as a mayor, and a senator. So were going to make full use of the white houses power to requeen bee. Were going to get everyone at the table. Not just republicans and democrats, but businesses, labor unions, academies, experts, but most importantly, americans like all of you. [applause] i think there are a lot of great ideas out in america, and i want you to have a say in your government. And that means weve got to get on accountable money out of politics, overturn citizens united, and expand voting rights. Not restrict them. [applause] i intend, starting even before the election, to bring together leaders from across our economy. From a lot of different places to talk about jobs and competitiveness, and i hope mark and john can join me because we need the best ideas that are out there making a difference. We need to pull together. The bottom line is this. Im running for president to build an economy that works for everyone. Not just those at the top and [applause] based on what we know from the trump campaign, he wants america to work for him and his friends at the expense of everyone else. Hes offered no credible plan to address what working families are up against today. Nothing on Student Loans or the cost of prescription drugs. Nothing for farmers or struggling rural communities. Nothing to build a new future with clean energy and advanced agriculture. Nothing for communities of color in our cities to overcome the barriers of systemic racism. Nothing to create new opportunities for young people. Just a more extreme version of the failed theory of trickle down economics, with his own addition of outlandish trumpian ideas that even republicans reject. [applause] and as we heard him say in his convention, he may believe that he alone can fix our country. But clearly, he doesnt know the people of michigan. He doesnt see the businesses and the labor unions, the local governments, the clergy coming together every single day to make things better. So, yeah, there is still a long road ahead. But michigan is on the rise. And everyone is contributing factor. Thats america at its best. So i hope you will stay active to strengthen your own communities and i hope you will work to get out the vote in november. Because if we [cheers and applause] if we are able to win, then i want you all to work with me to build the kind of progress that america deserves to see. Were going to do this together. We are stronger together. Lets go out and build the future. Thank you, all. God bless you. 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