Democratic Congress Member Garcia
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And tariffs, you know... Do you think the tariffs, the trade war that he's launched against so many countries around the world is a disaster?
And tariffs, you know... Do you think the tariffs, the trade war that he's launched against so many countries around the world is a disaster?
And tariffs, you know... Do you think the tariffs, the trade war that he's launched against so many countries around the world is a disaster?
There's absolutely going to be provisions that eliminate bad tax policy and replacing it with better tax policy. We did that in 2017. We're going to do it throughout this process. But we're going to eliminate a lot of different loopholes. Will it expand the deficit? It will. The House budget version is much different than the Senate budget version.
There's absolutely going to be provisions that eliminate bad tax policy and replacing it with better tax policy. We did that in 2017. We're going to do it throughout this process. But we're going to eliminate a lot of different loopholes. Will it expand the deficit? It will. The House budget version is much different than the Senate budget version.
There's absolutely going to be provisions that eliminate bad tax policy and replacing it with better tax policy. We did that in 2017. We're going to do it throughout this process. But we're going to eliminate a lot of different loopholes. Will it expand the deficit? It will. The House budget version is much different than the Senate budget version.
And in fact, we are going to expand the growth in the economy. And that's the key. If you look at the revenues coming into our country right now under the current Trump tax cuts that are current policy, current law, GDP towards revenue is 17.2%. If you look at over the last 50 years, it has averaged 17%. We are going to maintain and grow that.
And in fact, we are going to expand the growth in the economy. And that's the key. If you look at the revenues coming into our country right now under the current Trump tax cuts that are current policy, current law, GDP towards revenue is 17.2%. If you look at over the last 50 years, it has averaged 17%. We are going to maintain and grow that.
And in fact, we are going to expand the growth in the economy. And that's the key. If you look at the revenues coming into our country right now under the current Trump tax cuts that are current policy, current law, GDP towards revenue is 17.2%. If you look at over the last 50 years, it has averaged 17%. We are going to maintain and grow that.
So the three Republican witnesses come to a hearing on industrial policy and none of them mentioned the word tariff, not a single one. And yet all Donald Trump is doing is tariff policy when the three Republican witnesses are recommending a hundred different things other than tariff policy. Mr. Bishop, do you agree with Donald Trump's tariff policy?
So the three Republican witnesses come to a hearing on industrial policy and none of them mentioned the word tariff, not a single one. And yet all Donald Trump is doing is tariff policy when the three Republican witnesses are recommending a hundred different things other than tariff policy. Mr. Bishop, do you agree with Donald Trump's tariff policy?
So the three Republican witnesses come to a hearing on industrial policy and none of them mentioned the word tariff, not a single one. And yet all Donald Trump is doing is tariff policy when the three Republican witnesses are recommending a hundred different things other than tariff policy. Mr. Bishop, do you agree with Donald Trump's tariff policy?
You're all saying you're not here as an economic experts and yet you're giving us all these recommendations for how we build an industrial base. Is it that you don't have any expertise that we should just pick up any random citizen or do you have, are you here as some economic expertise on industrial policy?
You're all saying you're not here as an economic experts and yet you're giving us all these recommendations for how we build an industrial base. Is it that you don't have any expertise that we should just pick up any random citizen or do you have, are you here as some economic expertise on industrial policy?
You're all saying you're not here as an economic experts and yet you're giving us all these recommendations for how we build an industrial base. Is it that you don't have any expertise that we should just pick up any random citizen or do you have, are you here as some economic expertise on industrial policy?
Yes.
Yes.
Yes.
But I don't understand how you don't have it. The president of the United States is saying the way to build manufacturing is to have these tariff policies. You're here to testify on manufacturing, how we're going to build it. You're telling me you don't have an opinion on whether the Trump tariff policy is successful or not?
But I don't understand how you don't have it. The president of the United States is saying the way to build manufacturing is to have these tariff policies. You're here to testify on manufacturing, how we're going to build it. You're telling me you don't have an opinion on whether the Trump tariff policy is successful or not?