WALL STREET JOURNAL GOOD STUFF.
POLITICS, DEMOCRATS VOWING FOR A
I THOUGHT TOO TO BRING BACK
STATE AND TAX DEDUCTION REMEMBER
SALT, GOT RID OF THE DEDUCTION
FOR STATE AND LOCAL TAXES.
THE DEMOCRATS WANT TO BRING THAT
DEDUCTION BACK.
JOINING US NOW IS ART LAUGHER
FORMER REAGAN ECONOMIST.
WHAT DO YOU SAY TO THAT LOOK I
PERSONALLY WOULD LOVE TO SEE IT
BECAUSE --
THAT SALT KILLED ME BUT --
IT DID.
YOU JUST DID.
>> PUBLIC SERVICE AT ITS BEST.
JUST JOKING.
[LAUGHTER]
I MEAN, WHAT'S CHANCE WAS THEM
BRINGING THAT DEDUCTION BACK?
>> ABOUT AS MUCH CHANCE AS I CAN
UNDERSTAND WHY GHOSN WOULD TRY
TO CHEAT ON TAXES WHEN HE MAKES
THAT MUCH MONEY.
I MEAN, WHY WOULD YOU CHEAT ON
TAX AND RUIN IT ALL BUT FOR
STATE AND LOCAL TAX DUCTION
SHOULDN'T BE THERE AT ALL AND
SIMPLY WHAT IT IS IS YOU HAVE A
SUBSIDY FROM FEDERAL GOVERNMENT
FOR YOUR STATE AND LOCAL TAXES
WHICH SUBSIDIZE THE HIGH TAX
STATES AND THAT SHOULDN'T HAPPEN
IT SHOULDN'T BE DEMOCRAT
REPUBLICAN LIBERAL OR
CONSERVATIVE THOSE DEOX DUCTION
ARE INAPPROPRIATE AND SHOULDN'T
BE THERE.
NOW WHETHER THEY CAN COME BACK
AND APPEAL TO PEOPLE IN PLACES
LIKE CONNECTICUT AND NEW YORK
AND CALIFORNIA.
AND MINNESOTA, WHETHER THOSE
STATES CAN PULL UP ENOUGH
POLITICAL VOTES TO DO IT I DON'T
KNOW.
BUT --
THAT'S WHERE IT LIES THERE
SHOULDN'T BE ANY AND WE'VE BEEN
MOVING OVER LAST 40 YEARS TO GET
RID ARE OF THOSE DEDUCTIONS.
>> OKAY NOT NEW.
OKAY FROM A PERSONAL POINT OF
VIEW, IT IS VERY IMPORTANT
SUBJECT.
BUT THEN WE'LL GET TO IT.
>> I DON'T KNOW HOW I WOULD DO
IT FROM MY STANDPOINT IT IS
IMPORTANT TOO BECAUSE YOU'RE
PAYING TAXES AND I DON'T TO PAY
TAXES AS MUCH AS I LOVE YOU
DEARLY.
>> IN ALLNESS IF YOU DID BRING
BACK DEDUCTION FOR STATE IS AND
LOCAL TAXES IT WOULD WRECK THE
TAX REFORM PROGRAM.
BECAUSE THAT SALT IN A NO
DEDUCTION STATE IS AND LOCAL
TAXES THAT WILL BRING IN A TON
OF MONEY FOR THE TREASURY --
IN THE FIRST QUARTER OF NEXT
YEAR.
>> SO DO OTHER THING LIKE GOOGLE
GETTING SUBSIDIES IS FROM
STATES.
YOU KNOW THEY LOSE THE REVENUE
IN WASHINGTON STATE TOTALLY
BECAUSE THEY MOVED.
AND THEN THEY GET ALL OF THESE
DEDUCTIONSES SO THEY DON'T GET
REV ARE KNEW IN STATES STATE AND
LOCAL GOVERNMENTS ARE JUST
CLASSIC SPENDERS AND RESOURCES,
THEY DO IT IN EVERY SINGLE MOVE
THEY CAN.
AND YOU KNOW THAT I GOT TO BE
WHY TOANGT YOU THROW OUT
GOVERNMENT IN NEW YORK AND NEW
JERSEY WITH HIGH ACCIDENT TAYS
STUART.
WHY DON'T YOU REVOLUTIONIZE THE
PLACE BECAUSE PEOPLE DESERVE THE
GOVERNMENTS THEY GET AND IF YOU
WANT TO SIT THERE, IN THESE HIGH
TAX STATE AND NOT JOIN ME IN
TENNESSEE WITH NO INCOME TAX I
DON'T GET YOU.
WE COULD HAVE A BEAUTIFUL FOX
STUDIO HERE.
A BIG BUILDING JUST LIKE IT IS,
IN FACT, WE ALSO HAVE A MCGRAW
AND HILL HERE TOO.
>> THANK YOU ASHLEY.
I THOUGHT SOMEONE WOULD JOIN US.
THANK YOU, THANK YOU.
ASHLEY BY THE WAY IS ONLY FELLOW
NATIVE TENNESSEE IN THE THE
GROUP.
YOU CAN TELL BY THE ACTION.
I'LL BE COMING NATIVE FLORIDIAN
FOX STUDIO IN NAPLES I'M DOWN --
>> NAKED FLORIDIAN SCARED ME TO
DEATH IN YOUR CASE STUART.
I JUST --
WHAT CAN I TELL YOU, HELP ME.
I'M MOVING TO CALIFORNIA.
>> OKAY.
OKAY ONE STUART I HAVE TO FIT IT
IN HALF OF AMERICANS SAY THEY
DID NOT GET A RAISE IN THIS
KARND YEAR WHAT HAPPENED WE'VE
GOT A VERY STRONG ECONOMY.
HALF DID NOT GET A RAISE.
>> WELL MORE THAN HALF AREN'T
WORKING.
SO THOSE GUYS DIDN'T GET A RAISE
ARE, OBVIOUSLY.
BUT IF YOU LOOK AT THE WORKING
POPULATION I DON'T KNOW THAT --
HALF IS A LOW NUMBER OR HIGH
NUMBER BUT IT SEEMS LIKE A --
YOU KNOW DOESN'T SEEM LIKE A
TERRIBLY LOW NUMBER TO ME A LOT
OF THEM GOT RAISES BY JUST
GETTING JOBS YOU KNOW THAT'S --
BEST RAISE ARE OF ALL.
>> YOU CAN TELL US THEY'RE GOING
TO GET A WAGE RAISE IN 2019
BECAUSE PRESSURE ON WAGES IS TO
GO UP NOT DOWN OR SIDEWAYS BUT
TO GO UP.
>> YES, IF THIS BOOM CONTINUES
IF WE DON'T HAVE COMPLETE
DISRUPTION OF THE ECONOMIC
PLANS, I DON'T SEE ANY REASON
WHY WE WOULDN'T HAVE NICE GROWTH
THIS COMING YEAR.
IF THAT HAPPENS STUART YOU'RE
GOING TO SEE WAGE WITHS GO UP
NICELY.
BUT DO REMEMBER THOSE WAGE
NUMBERS ARE REALLY HELD
ARTIFICIALLY LOW BECAUSE THE
PEOPLE COMING IN TO LABOR FORCE
ARE USUALLY AT THE VERY BOTTOM
SO THE AVERAGE WAGE RISES
MUCHLESS THAN THE WAGE OF ANY
FIXED GROUP OF PEOPLE.
>> YEAH FAIR POINT TO MAKE
THERE.
FAIR ENOUGH.
SEE YOU AGAIN SOON.
>> AWFULLY FUN BEING WITH YOU
GUYS BY THE WAY.
[LAUGHTER]
>> AWE.
WHY THAT GUY WOULD CHEAT ON HIS
TAXES.
WHY WOULD HE DO THAT?
>> WHAT CAN I SAY EXCEPT THAT I
WOULD LOVE TO JOIN YOU IN
TENNESSEE OKAY.
SIMPLE AS THAT.
NISSAN GUY.
NISSAN GUY WHY CHEAT ON HIS
TAXES?
>> HE WENT TO GREAT LENGTHS TO
DO.
USING SHELL COMPANY ALL OVER
PLACE TO BUILD IN BEIRUT.
>> IT IS JUST CRAZY HOW MUCH IS
ENOUGH?
>> GOOD QUESTION.
IT IS NEVER ENOUGH AS FAR AS I'M
CONCERNED.
[LAUGHTER]