A Quote by Donald Trump
There will be a major border tax on these companies that are leaving and getting away with murder. And if our politicians had what it takes, they would have done this years ago. And you'd have millions more workers right now in the United States that are - 96 million really wanting a job and they can't get.
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Our broken tax code is one of the main reasons the United States lags behind when it comes to economic growth, job creation, and competitiveness. Without pro-growth tax reform, our workers and our businesses will continue to suffer.
The basic thing that made Trump popular is that he blamed others for the problems that we have in the United States. We have a problem. Let's face it. The typical income, median income, of a full-time male worker - and the workers who have a full-time job are the lucky ones - is at the same level it was 42 years ago. At the bottom, real wages in the United States are at the same level they were 60 years ago.
We are conscious of the need to maintain good relations with the United States. We have a border of more than 3,000 kilometers; more than 12 million Mexicans live in the United States. It is our main economic-commercial partner.
Our saints had said that Earth existed 1.96 million years ago. Earlier, science did not accept this, but later, it had to.
I actually think the border tax - the concept of border tax is more of a trade issue than it is a - so when we talk about income coming in, I believe border tax in its form, if we use that, reciprocal tax is a tax that I really love because basically nobody can fight it.
We agree with that goal [to secure our border] and will be working with [Donald Trump] to finance on construction of the physical barrier, including the wall on the southern border. The law is already on the books. I voted for it, like, ten years ago, but nothing has gotten done and now we have a president who actually wants to secure the border and we are all in favor of doing that.
Now you have a choice: we can give more tax breaks to corporations that ship jobs overseas, or we can start rewarding companies that open new plants and train new workers and create new jobs here, in the United States of America.
In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.
Think of our DNA. In the last million years, our DNA hasn't changed at all. It's really much the same as it was in the jungle, a million, two millions years ago. But in the last 200 years, our destructive capacities have increased many, many millions of times over. Why don't we see intelligent signals from outer space? Because in all likelihood, once the civilization reaches the point our civilization has reached, it destroys itself.
Having a tax code that rewards companies that are shipping jobs overseas instead of companies that are investing here in the United States, that will not make us more competitive.
We've got a tax code that is encouraging flight of jobs and outsourcing. And that's why we've specifically recommended in this campaign that Congress change our tax code so that we stop giving tax breaks to companies that are moving to Mexico and China and other places, and start putting those tax breaks into companies that are investing here in the United States.
We really believe that we can bring about changes in the tax code that will make America more attractive for investment and job creation and business. But the president has also made it very clear that he wants to put - he wants to put new elements in the tax code that are going to have companies pay a price if they decide to take jobs out of the country and then sell their goods back into the United States.
Now all of the ideas that I'm talking about, they are not radical ideas. Making public colleges and universities tuition free, that exists in countries all over the world, used to exist in the United States. Rebuilding our crumbling infrastructure, and creating 13 million jobs by doing away with tax loopholes that large corporations now enjoy by putting their money into the Cayman Islands and other tax havens. That is not a radical idea.
While writing my memoir, 'When Skateboards Will Be Free,' I would sometimes have to pore over hours of microfilm at the New York Public Library in order to try to get one obscure detail right. For instance, was the Socialist Workers Party originally called the American Workers Party or the Workers Party of the United States?
The United Auto Workers is AARP in an Edsel: It has three times as many retirees and widows as 'workers' (I use the term loosely). GM has 96,000 employees but provides health benefits to a million people.
We have an obligation to each other to not only push our politicians, but to push companies to do right by their workers. They wouldn't even have successful companies without their workers. They are the glue that keeps things together. How, in the 21st century, we have mega-corporations that have lost sight of that boggles my mind.
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