Stephen Miller

That's what Reagan taught us. Why would we want less equity going into small and growing businesses? It doesn't make any sense.

I don't buy that at all.

I don't buy that at all.

Okay, so basically we have two tax rates. We have capital gains tax, which is too high. We tax that at 24%. And then the personal income tax, which is taxed right now at 37%. So what these people want to do, and this is basically people like Bernie Sanders and Elizabeth Warren and some Republicans. They said, well, we should tax...

Okay, so basically we have two tax rates. We have capital gains tax, which is too high. We tax that at 24%. And then the personal income tax, which is taxed right now at 37%. So what these people want to do, and this is basically people like Bernie Sanders and Elizabeth Warren and some Republicans. They said, well, we should tax...

These people at the personal income tax rate, not the capital gains rate, which is, to me, I don't even get the logic of that. When a private equity person puts money into a company, that's at-risk capital. They're at risk of losing it all. That's why we have a lower capital gains rate, because it's a riskier investment.

These people at the personal income tax rate, not the capital gains rate, which is, to me, I don't even get the logic of that. When a private equity person puts money into a company, that's at-risk capital. They're at risk of losing it all. That's why we have a lower capital gains rate, because it's a riskier investment.

So First of all, that's a really important question because I think a lot – we did a poll that half of Americans are not aware of this because a lot of Americans just don't pay a lot of close attention to this.

So First of all, that's a really important question because I think a lot – we did a poll that half of Americans are not aware of this because a lot of Americans just don't pay a lot of close attention to this.

If they don't get this job done, Charlie, we're talking about the biggest tax increase in American history on January 1st because all of the Trump tax cuts would go away, virtually all of them. And so the average family in America – I'm not talking about Warren Buffett and Bill Gates and Elon Musk. I'm talking about the average family would face a $3,000 increase in their taxes next year.

If they don't get this job done, Charlie, we're talking about the biggest tax increase in American history on January 1st because all of the Trump tax cuts would go away, virtually all of them. And so the average family in America – I'm not talking about Warren Buffett and Bill Gates and Elon Musk. I'm talking about the average family would face a $3,000 increase in their taxes next year.

We can't do that. We've already got middle-class families financially stressed out from Bidenomics. Can you imagine if the average family had to pay $3,000 more taxes? And then, of course, the corporate rate would go up to 21% to one of the highest in the world, 35%. That's one of the great you know, achievements of the Trump tax cut. So we don't want to have that happen.

We can't do that. We've already got middle-class families financially stressed out from Bidenomics. Can you imagine if the average family had to pay $3,000 more taxes? And then, of course, the corporate rate would go up to 21% to one of the highest in the world, 35%. That's one of the great you know, achievements of the Trump tax cut. So we don't want to have that happen.

We've got to get this done. We've got it done quickly. I'm telling Congress, get it done. Get a bill on the desk of Donald Trump by Memorial Day. We've seen a choppy stock market. Investors are fidgety. I think one thing that would really help restore investor confidence is for Republicans to sign, seal and deliver this in the next month.

We've got to get this done. We've got it done quickly. I'm telling Congress, get it done. Get a bill on the desk of Donald Trump by Memorial Day. We've seen a choppy stock market. Investors are fidgety. I think one thing that would really help restore investor confidence is for Republicans to sign, seal and deliver this in the next month.

It's amazing that we even have to talk about this because it's so obvious. If a business invests in a factory or invests in the kind of machinery you're talking about, I mean, a welder can't weld if he doesn't have the equipment to weld with, right? I mean, they don't have a job if they don't have the equipment. If there aren't factories, there aren't jobs. So we absolutely –

It's amazing that we even have to talk about this because it's so obvious. If a business invests in a factory or invests in the kind of machinery you're talking about, I mean, a welder can't weld if he doesn't have the equipment to weld with, right? I mean, they don't have a job if they don't have the equipment. If there aren't factories, there aren't jobs. So we absolutely –

Want to allow companies not to just allow them to encourage them to invest in in factories and machinery and computers. Those are what make American workers more productive. It's the reason, you know, it's our capital investment and our know how that makes the American workers the most highly paid workers in the world. So we ought to say if a company builds a factory, you can write it off.

Want to allow companies not to just allow them to encourage them to invest in in factories and machinery and computers. Those are what make American workers more productive. It's the reason, you know, it's our capital investment and our know how that makes the American workers the most highly paid workers in the world. So we ought to say if a company builds a factory, you can write it off.

If you have heavy equipment like you're talking about, if you're buying a – I talked to Fred Smith who owns Federal Express, one of the great companies in America. And he's saying once they allowed that deduction, they bought four jumbo jets so that they could transport packages around the world. Think of all the jobs that created for the Boeing workers.