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The reasons behind the introduction of the Fiscal Policy measures were numerous, including the imperative to broaden the economy's scope, decrease reliance on income from crude oil, boost revenue generation, and tackle the existing infrastructure deficiencies within the nation.
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do anything and walmart is the largest u.s. private employer. sk so, they're the largest employer just behind the u.s. government. a little of both. walmart did want some tax reform they didn't want the border adjustment tax, they didn't end up getting that. because they came out and said, look, we need tax reform and perhaps it's their way saying thanks for that tax reform and we'll put money right back to our employees' pockets and it's possible the employees turn right back around and spend their extra bonus or wage increase right there in the stores. >> exactly. you know, target has had to do something similar in the past. this upward wage pressure as employment rates go down. is it possible that some of these companies announcing these things had it in their back pocket where they get political points for doing it and this was something that was probably likely to happen over time? >> it's certainly possible. look, we know that walmart had the big wage announcement where they went to $9 and then $10 an hour which is where they are
keeping his promises. >> dagen: the regulatory reform has been a huge thing driving the stock market this year. one new regulation, 22 regulations gone. talk about -- a government takeover of student loans, the internet, essentially health care in this country. a lot of that had been rolled back. >> harris: my question is specifically about risk and when i hear you saying, you don't buy into that at all, just go out and get it done. >> dagen: this is such a huge win, i followed each baby step of them putting this plan together starting with that adjustment tax that -- there were so many dumb ideas that were thrown out, producing 401(k) contributions, changing the way capital gains or handles for retail investments. those things didn't end up in this and the fact that they
their taxpayers. i guess republicans think that's a winning strategy too. >> i don't think they think it's a winning strategy. they just know they need to have offsets somewhere, because this bill would be so expensive. and the other sources of revenue they had planned on, things like the border adjustment tax which everybody has forgotten about, that's not going to happen. the obamacare repeal. that was also effectively a form of an offset. that's not going to happen. the reason they're going after the state and local tax deduction, maybe stick it to blue states. possibly, that's a motivation but i think it would be that is difficult because in the blue states, there are still republican representatives. there are republican representatives in new jersey who are going to fight this tooth and nail. so i think it's a mistake to think that that's going to be so easy for them to get through. >> yeah. tax reform is not easier than health care. sorry, republicans. thank you for joining us. coming up next, tick, tick tick.
>> yeah. and katherine, you also have this thing that republicans want to do which is punish blue states, with state income taxes and essentially, it's a transfer of wealth to states who don't have income taxes. so the top ten in terms of value of the state to local tax deduction. it's a map of who would if hurt the most. new york, new jersey, connecticut, california, maryland, rhode island, you get the idea. hurting those states by hurting their taxpayers. i think republicans think it's a winning strategy. they need to have offsets somewhere because this bill would be so expensive. and the other sources of revenue they had planned on, things like the border adjustment tax which everybody has forgotten about, that's not going to happen. the obamacare repeal. that was also effectively a form of an offset. that's not going to happen. the reason they're going after the state and local tax deduction, maybe stick it to blue states.
winning strategy. they need to have offsets somewhere because this bill would be so expensive. and the other sources of revenue they had planned on, things like the border adjustment tax which everybody has forgotten about, that's not going to happen. the obamacare repeal. that was also effectively a form of an offset. that's not going to happen. the reason they're going after the state and local tax deduction, maybe stick it to blue states. possibly, that's a motivation but i think it would be that is difficult because in the blue states, there are still republican representatives. there are republican representatives in new jersey who are going to fight this tooth and nail. so i think it's a mistake to think that that's going to be so easy for them to get through. >> yeah. tax reform is not easier than health care. sorry, republicans. thank you for joining us. coming up next, tick, tick tick. donald trump, special counsel robert mueller's team started
>> tim doesn't like it. >> i'm not saying -- >> it's going to drive up costs. you mentioned your mom and dad. the border adjustment tax will drive up the cost of goods they buy. >> i don't disagree with you, but what i'm trying to say is -- whether you cut the corporate tax rate or not, there is no lever that is going to make companies stop producing their kids overseas. >> it will make us more competitive here at home to be drive manufacturing and other production here in the united states. >> why? corporations are beholden to the bottom line. they can still produce their ki kids. >> this idea, stephanie, that you've got is a sum zero game. we've got to have tax reform that lifts everyone up. i mentioned getting rid of the
i can't predict that because that's beyond what our capacity to do is. lisa: president trump is potentially heading to missouri next tweak talk about tax reform. republicans are very critical of leadership with healthcare and not being inclusive in the process. are we seeing the same thing play out with tax reform? >> i hope not. that's not the way you are going to succeed. i was one of the leading voices against the bored adjustment tax. that's a new tax, none of us campaigned on it. the leadership listened and they removed the border adjustment tax. i think the house will pass tax reform. after watching what happened in
i can't predict that because that's beyond what our capacity to do is. lisa: president trump is potentially heading to missouri next tweak talk about tax reform. republicans are very critical of leadership with healthcare and not being inclusive in the process. are we seeing the same thing play out with tax reform? >> i hope not. that's not the way you are going to succeed. i was one of the leading voices against the bored adjustment tax. that's a new tax, none of us campaigned on it. the leadership listened and they removed the border adjustment tax. i think the house will pass tax reform. after watching what happened in