Page 4 - Seed Corn News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ourselves at a more competitive playing field so american businesses and jobs can compete. if we as american workers and businesses are putting ourselves on a level competitive playing field we'll do great. and that is not what our current tax system is today. now, tariffs are different than border taxes. tariffs are something the president has unilateral authority. in congress we have tax reform. we want tax reform that works for american businesses and jobs and i can't tell you how many hearings we've had at ways and means where we see all these businesses leaving the country and we lost our...

So what we're not going to do is to if accept a budget that shortchanges or long-term requirements for new technologies for readiness. we're not going to eat our seed corn by devoting too much money on things we don't need now and robbing ourselves the capacity to make sure we're prepared for future threats. i've worked very closely with the chairman and the members of the joint chiefs of staff to develop a budget that is realistic and that looks out for the future and says this is how we're going to handle any possible contingency. we can't do that if we've got a budget that shortchanges vita...

Is the corporations to give more money essentially to them and much less money is being spent on things corporations used to spend money on like research and development, new technology expansion. the figures are clear that more money is going to investors and ultimately it's coming from workers and the kind of things corporations did. >> so i tweeted out that column that you wrote and my question was, is the u.s. eating its seed corn? the very things -- corporations used to make a lot of money, reinvest, do it in research now there's a pressure from the shareholders, give them all the money. ...

The stock market just to live on. they've taken their savings and are eating their seed corn. that's what you have saving for. >> so david, when we talk about the wage gap and how important that is to our economy. that all plays into this, too, because people don't have this, as john said, so much money in their pocket to invest in anything besides housing and food. >> that's right. so middle class, people at the middle of the middle class, median hasn't gone up much the past decade. those people don't have money to put in the stock market. the typical american household, if you don't look at ...

Most on the fact that we aren't where we need to be in terms of preventing too big to fail. you had an event with sheila bair and senator sherrod brown. what came out of that? why are we still here? >> well, a consensus across political lines, which is always a good thing, and a very, very, i think, helpful discussion about the road ahead on too big to fail. so if you stop to imagine, we need a healthy financial sector in order to get capital. the seed corn of our existence to the innovators and the entrepreneurs of tomorrow. and with six institutions that combined equal about 64%, 65% of our ...