you re at good as anybody on your team. is there not a downside or risk that we go have deficits beyond what i m comfortable with as liberal based on what you re saying? i want to cut spending. but go forward with 1.8% growth, had last year. beating europe and japan. you keep saying can t achieve 3.5% or 4% growth. did it under jfk and reagan. two periods of great economic growth in this country, preceded by tax rate reductions. get it down, guarantee it s coming back. got don t envision vn jones. what i saying not doing tax
taxes that the deficit will explode and maybe you ll get a little growth and maybe you won t. it s the last 15, 20 years suggest that cutting taxes is not producing growth anymore. i don t agree with that. i look at the history of when we had the major tax rate reductions in this country like the 60s and 80s when we had a big boom. we had a big reduction this capital gain tax with bill clinton. look at the revenues, they just ex exploded. that s one of the reasons we were able to get to the first balanced budget in 50 years. jeff, what do you say about corporate tax? in your book, you say the heart of real sustainable growth is going to be actually very large scale government spending on inf infrastructure taking health care private and nationalizing health care, getting rid of the private sector all together. explain why you think that s a
him to rethink closing the plant. the ceo explained that the move to mexico would save the company $65 million a year. trump reportedly countered by saying corporate tax rate reductions would outstrip those savings. in a statement yesterday, carrier confirmed the incentives offered by the state were an important consideration. fortune reported the company will get $700,000 a year in state tax incentives. the indianapolis star reports carrier had been planning to shift all of its indianapolis jobs to mexico where workers would earn $3 an hour. highest paid indianapolis employees make $26 an hour and can earn $70,000 a year with overtime. according to the new york times, the jobs saved represent 2% of all indiana manufacturing jobs shrinking by 147,000 since the year 2000. joining us from indianapolis is nbc news white house correspondent kristen welker covering the presidential
companies like carrier, general electric, motorola, mattel, and so many others are moving their jobs to mexico and other countries. and as you re standing here right now, many of these companies are negotiating to leave the united states. not going to happen. fortune magazine repord citing a source close to the company that trump called the company s ceo two weeks ago asking him to rethink closing the plant. the ceo explained the move to mexico would save the company about $65 million a year. trump reportedly countered by saying corporate tax rate reductions would outstrip those savings. ultimately in a statement yesterday, carrier confirmed they would preserve jobs for manufacturing gas furnaces along with some engineering and head quart else jobs and, quote, the incentives offered by the state were an important consideration. fortune reported that the company is going to get about
especially in hispanic states. governor romney sort of needs to win. it s possible to imagine him winning without winning either one of florida, ohio, or virginia, but he more or less has to win all three. let s take a look, here is the fox news channel. very impressive interview, chris wallace who does a dandy job taking on ed gillespie. gillespie was trying to sell the case, he s been doing this before, that six studies, he calls them independent studies, are out there supporting the mathematical logic of the romney tax plan which means we can cut $5 trillion in tax rate reductions and we can make up for it with an equal closing of loopholes or deductions and won t tell you how and keeps saying it s doable and keeps saying that s because we have experts that are doable. watch chris wallace take apart that argument put forth here by ed gillespie. let s listen. six different studies have said this those studies are very