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Detailed text transcripts for TV channel - MSNBC - 20171117:20:25:00

Rates, broaden base, lower rates, give the middle class a tax rate. cut the corporate rate, do any, positive for economic growth and less positive if they expire. if you are expenses a year, go back and look at u.s. history often in recessions put in expensing for a year to try to simulate the economy. when expensing skyrs it can have a short run stimulus because people try to buy capital before the thing goes away. for the most part permanent tax cuts are far more impactful than things that expire. go back, look at the obama administration, here during the great recession they extended bush tax cuts at the top because they understood this. right here and then to you. that might be the last one. i actually want to follow-up on that. a value judgment to make the corporate tax cuts permanent, and make the individual tax cuts expire, even though you want all of them to be permanent. ....

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Detailed text transcripts for TV channel - MSNBC - 20171117:20:12:00

Of the oldest committees and brings together people like the chairman of the council and advisers from countries around the oecd and at the meeting they were going through the staff recommendations of the oecd creating economic growth in countries around the world and the three main points the staff recommendations were tax reform, infrastructure and deregulation. that the government pursues those things then they can produce more economic growth. in fact, there was widespread acclaim that for the president s approach towards corporate taxation in particular because the oecd has been calming for us to reform the tax code for almost a decade. the idea right now that this corporate tax is close to the finish line is celebrated not only by us in the white house but by people around the world who recognize us having a non-competitive tax code, highest corporate tax on earth, wordwide system rewards company for locating activity elsewhere is bad not only for us but for the world economy bec ....

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Detailed text transcripts for TV channel - MSNBC - 20171117:20:14:00

Supported from the beginning regular order, because he doesn t think we have to wait until the thing is law to learn what s in it. the right thing to do, expose the bills to scrutiny and debate and senator johnson, i met with him yesterday in his office, has serious concerns, and it s appropriate at this point in the legislative process ta bring those forward. i m hopeful people will work it out and even democrats will vote for. i m not sure about the etiquette for follow-up. i ll try to limit people to one because there s a lot of hands. trickle-down economics will work this time when it hasn t worked before? so trickle-down economics is something that i guess people who criticize the idea that taxes affect the economy will use to carrick size approaches like the one we re pursuing, but i don t think the idea that s celebrated by even the non-partisan staff of the oecd, lower margin the rates you get economic growth is voodoo ....

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Detailed text transcripts for TV channel - MSNBC - 20171117:20:15:00

Economics or controversial at all. the fact is countries around the world cut their corporate rates and had broad-based reforms on the individual side and seen economic growth result. i don t think there s anybody who thinks you ll get no growth or negative growth for this. a few maybe. at every economic life scene, a lot of growth or sometimes a closed economy model a little growth, but you get positive growth out of this and that growth will benefit workers. talk about that. right now the way u.s. firm avoids u.s. tax is they locate activities in a country like ireland instead of here. so if you build a plant in ireland, you can sell the stuff back into the u.s. and sell the stuff back into the u.s. increases trade deaf zficit ands nothing for american workers. the president wants to cut the rate to 20%. build guardrails so you can t transfer to ireland any more and the people who benefit are workers in the u.s. who have ....

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