Pete
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Podcast Appearances
But look at what's about to happen, right? As we speak, congressional Republicans are working on a budget framework that's going to cut corporate taxes. That's one of the biggest things it's going to do. And even this president, the least popular he ever was last time around was when they passed his tax cuts for corporations and the wealthy. So a lot of this is about, look,
But look at what's about to happen, right? As we speak, congressional Republicans are working on a budget framework that's going to cut corporate taxes. That's one of the biggest things it's going to do. And even this president, the least popular he ever was last time around was when they passed his tax cuts for corporations and the wealthy. So a lot of this is about, look,
But look at what's about to happen, right? As we speak, congressional Republicans are working on a budget framework that's going to cut corporate taxes. That's one of the biggest things it's going to do. And even this president, the least popular he ever was last time around was when they passed his tax cuts for corporations and the wealthy. So a lot of this is about, look,
No, no, I get that argument. But honestly, there are ways to structure taxes so that they capture where the value and the wealth is actually created. How do we do that? You can have a P.O. box in the Bahamas or Ireland or whatever. So one of the things, for example, that happened in the last administration was an international agreement on a threshold, a minimum.
No, no, I get that argument. But honestly, there are ways to structure taxes so that they capture where the value and the wealth is actually created. How do we do that? You can have a P.O. box in the Bahamas or Ireland or whatever. So one of the things, for example, that happened in the last administration was an international agreement on a threshold, a minimum.
No, no, I get that argument. But honestly, there are ways to structure taxes so that they capture where the value and the wealth is actually created. How do we do that? You can have a P.O. box in the Bahamas or Ireland or whatever. So one of the things, for example, that happened in the last administration was an international agreement on a threshold, a minimum.
And now it only works if everybody agrees on it. That's part of why diplomacy matters so much. But no other country really wants to see too much of that happening either. So there's a way to create a floor that gets you a more level playing field.
And now it only works if everybody agrees on it. That's part of why diplomacy matters so much. But no other country really wants to see too much of that happening either. So there's a way to create a floor that gets you a more level playing field.
And now it only works if everybody agrees on it. That's part of why diplomacy matters so much. But no other country really wants to see too much of that happening either. So there's a way to create a floor that gets you a more level playing field.
So it reduces the incentive to offshore your books.
So it reduces the incentive to offshore your books.
So it reduces the incentive to offshore your books.
I don't know why they're beating up on Lesotho.
I don't know why they're beating up on Lesotho.
I don't know why they're beating up on Lesotho.
Yeah, yeah, fine. And look, tariffs have their place, right? We don't have to make about tariffs yet, but just on taxation, yeah. But again, what really worries me about tariffs is those don't amount to a tax on corporations.
Yeah, yeah, fine. And look, tariffs have their place, right? We don't have to make about tariffs yet, but just on taxation, yeah. But again, what really worries me about tariffs is those don't amount to a tax on corporations.
Yeah, yeah, fine. And look, tariffs have their place, right? We don't have to make about tariffs yet, but just on taxation, yeah. But again, what really worries me about tariffs is those don't amount to a tax on corporations.
But how is making middle America pay more a measure to help middle America? Right.
But how is making middle America pay more a measure to help middle America? Right.