DAVID: 6 WHERE ARE OF
DAVID: 60WHERE ARE OF
DAVID: 60 OERE ARE OF
DAVID: 60 OFRE ARE OF
DAVID: 60 OF S ARE OF
DAVID: 60 OF SOMRE OF
DAVID: 60 OF SOMEE OF
DAVID: 60 OF SOME OOF
DAVID: 60 OF SOME OFF
DAVID: 60 OF SOME OF AMERICA'S
BIGGEST COMPANIES PAID ZERO
FEDERAL INCOME TAX.
ON THAT LIST AMAZON, AS YOU KNOW
FROM BERNIE SANDERS, AND NOTE KE
FROM BERNIE SANDERS, AND NOTE KT
INTERNET FLEX.
DELTA, JETBLUE.
DOES THIS HIT ON A PLAY
DOES THIS HIT ON A FLAY
DOES THIS HIT ON A FLAWS IN THE
TAX SYSTEM.
>> I ISSUE IS NOT SO.
THE LOWER TAX RATE, THAT IS NOT
WHAT THAT ARGUMENT IS ABOUT, I A
ARGUMENT, ELIZABETH WARREN HAS
FASTENED ON THESE NUMBERS TO
PROPOSE A 7% TAX ACROSS THE
BOARD, WE'RE TALKING ABOUT A
DIFFERENCE THESE 60 COMPANIES,
OF 12 BILLION DOLLARS, THAT
SEEMS LIKE A LOT OF MONEY, IN
GREAT SCREAM, IN 20 TRILLION
DOLLAR ECONOMY, IT IS NOT,
BIGGEST LOOPHOLE IS ENCOURAGING
INVESTMENT.
WE UNDERSTAND THAT IS WORTH
WHILE FOR COUNTRY, IT DRIVES
PRODUCTIVITY THAT DRIVES WAGE
GAIN.
I THINK WE HAVE TO BE CAREFUL
BEFORE WE START MESSING WITH
THIS.
DAVID: GOVERNOR?
>>, I DON'T THINK JUST A
QUESTION OF HOW MUCH MONEY IT
BOWL
WOWL
WOULD NET THE INDUSTRY, THIS DID
NOT JUST HAPPEN DURING PRESIDENT
TRUMP'S TIME.
I WAS SHOCKED TO FIND JEFF, HEAD
OF COMMITTEE, GE PAID
OF COMMITTEE, GE NAID
OF COMMITTEE, GE NOID
OF COMMITTEE, GE NO TAXES.
IT IS BASIC FAIRNESS.
YOU SAY THEY INVESTED IT, TRUMP
TAX CUT WAS -- GIVEN TO
CORPORATIONS BECAUSE IT WAS TOO
INVEST IN JOB, THEY DID NOT
REALLY INVEST IN NEW JOBS THEY
INVESTED IN GIVE BACKS TO
SHAREHOLDERS, THINGS THAT DONE D
SHAREHOLDERS, THINGS THAT DONE '
SHAREHOLDERS, THINGS THAT DONE T
BENEFIT THE AVERAGE WORKING
PERSON, I WOULD LOVE A CORPORATE
TAX KEY THAT JOB CREATION, YOU
GET EXTRA REDUCTION IN YOUR
TAXES FOR EACH JOB YOU CREATED
IN A GIVEN YEAR.
>> THIS IS FIRST TIME IN MY
LIFETIME WE HAD MORE JOBS THAN
JOB SEEKERS.
WE DO HAVE A LOT OF JOBS.
>> WHAT TYPE OF JOBS?
>> ACROSS THE BOARD, INCLUDING
MANUFACTURING.
>> NO.
>> LET'S TAKE A STIP
>> LET'S TAKE A STEP BACK AND
REMEMBER WHY IT WAS DONE, THAT
WAS A MARQUEE THING THAT
PRESIDENT TRUMP DID CORPORATE
PIECE OF TAX CUT, WE WERE NOT
COMPETITIVE ON A WORLD WIDE
BASIS, MONEY WAS SITTING
OVERSEAS AND COMPANIES DOING
INVERSIONS TO GET OUT OF U.S. TO
AVOID OUR TAX STRUCTURE, WHICH
WAS TOO CUMBERSOME.
HE FIXED THAT IS A GREAT THING,
WE HAVE COMPANIES THAT ARE
INVESTING IS A GREAT THING,
THOSE COMPANIES WHO HAVE LOST
MONEY IN THE PAST LIKE AMAZON
FOR YEARS AND YEARS AND YEARS
SHOULD BE ABLE TO CARRY THOSE
LOSSES FORWARD, THE ISSUE IS NOT
REVENUE FROM CORPORATION, ISSUE
IS THAT GOVERNMENT OVER SPENDS,
WE SHOULD SPEND MORE TIME
TALKING ABOUT FIXING OVER
SPENDING OF THE GOVERNMENT THAN
WORRYING ABOUT THE CORPORATE
SIDE.
>> YOU TALK GOVERNMENT SPENDING
WE WOULD BE HERE ANOTHER 3
HOURS, CAROLL.
>> ONE THING I WANT TO RAISE IS,
I HEAR ALL OF TIME WE WERE
UNCOMPETITIVE AT 35%, HOW MUCH
OF FORTUNE 2000 COMPANIES PAY 35
PERCENT OF THEIR CORPORATE TAX.
-- 17% RATE.
WHICH WOULD PUT US IN MIDDLE OF
COMPANIES -- COUNTRIES IN THE
WORLD.
DAVID: GOVERNOR HERE IS AN IDEA,
WHY DON'T YOU LOWER THE OFFICIAL
RATE TO 17%, GET RID OF ALL
LOOPHOLES, IF --
>> I'M ARE IN THAT.
DAVID: HOW ABOUT THAT.
>> I'M FOR THAT.
DAVID: OKAY.
>> GET RID OF ALL LOOPHOLES.
>> CORPORATION PAYING IN 20s
AND 30s HAVE YOU IRELAND DOWN
I THINK 12 OR 13%, YOU MUST DO
SOMETHING.
>> AVERAGE IS 17%.
>> THAT IS -- BUT THAT IS
PARTLY.
>> WE DON'T WANT TO BE AVERAGE,
WE WANT TO BE BEST.
DAVID: THAT WOULD BE WONDERFUL.
LET'S NOT BE ON
LET'S NOT OE ON
LET'S NOT OBSON
LET'S NOT OBSCURE HEADLINE THAT
GOVERNOR RENDELL IS FOR GETTING
RID OF LOOPHOLES AND BRIDGE
RID OF LOOPHOLES AND BRINGE
RID OF LOOPHOLES AND BRING RATE
TO 15%.
>> WE'LL GET MORE MONEY.
>> 80 THOUSAND PAGES OF CODE AND
REGULATIONS IN TAXES, YOU CAN
HIRE THE HIGH PRICE ACCOUNTANTS