1 00:00:02,480 --> 00:00:04,480 Speaker 1: The overall tax plan I think works for war because 2 00:00:04,519 --> 00:00:05,720 Speaker 1: and here's why, you've got to look at it in 3 00:00:05,840 --> 00:00:09,440 Speaker 1: context of our economics war China. You can't separate at 4 00:00:09,440 --> 00:00:11,559 Speaker 1: the terrorists and what he's doing on the three oh ones, 5 00:00:11,640 --> 00:00:14,640 Speaker 1: what he's doing on trying to stop intellectual property theft 6 00:00:14,640 --> 00:00:18,159 Speaker 1: and appropriation from the taxes. The taxes principally were to 7 00:00:18,200 --> 00:00:21,480 Speaker 1: make our companies competitive with Germany, Germany and China. The 8 00:00:21,680 --> 00:00:25,160 Speaker 1: the the personal tax rates, which I didn't totally agree with, right, 9 00:00:25,160 --> 00:00:27,600 Speaker 1: because it's more of the trickle down, uh, is something 10 00:00:27,640 --> 00:00:29,520 Speaker 1: that had to be used to get this thing past. 11 00:00:30,800 --> 00:00:34,080 Speaker 1: So that's Steve bann in a while back explaining that 12 00:00:34,280 --> 00:00:40,040 Speaker 1: the Trump tax cut was meant to offset the pain 13 00:00:40,920 --> 00:00:45,159 Speaker 1: there's gonna come with the Tarraf war. Right. I actually 14 00:00:45,159 --> 00:00:49,960 Speaker 1: heard somebody use that um argument against Trump on one 15 00:00:50,000 --> 00:00:52,040 Speaker 1: of the Sunday talk shows. Look all the games that 16 00:00:52,080 --> 00:00:54,160 Speaker 1: they made here in Pennsylvania with the tax cut, they're 17 00:00:54,200 --> 00:00:56,760 Speaker 1: losing it all through the Terraf. Well, that was supposed 18 00:00:56,760 --> 00:00:58,920 Speaker 1: to be an offset. Now, if that was the point, 19 00:00:59,160 --> 00:01:01,520 Speaker 1: Steve Bannon's on some show talking about it, I haven't 20 00:01:01,520 --> 00:01:05,600 Speaker 1: heard Trump explain that to anybody. No, No, why don't 21 00:01:05,600 --> 00:01:08,880 Speaker 1: we usher in the fabulous Debra J. Saunders, White House 22 00:01:08,880 --> 00:01:12,280 Speaker 1: correspondent from the Las Vegas Review Journal, currently at their 23 00:01:12,360 --> 00:01:15,640 Speaker 1: DC bureau, I believe to discuss this and more. Hey, Debra, 24 00:01:15,680 --> 00:01:18,440 Speaker 1: how are you hard to believe that Steve Bannon is 25 00:01:18,480 --> 00:01:21,959 Speaker 1: no longer with this administration? Isn't it? Well? I tell 26 00:01:22,000 --> 00:01:25,080 Speaker 1: you what, the complete lack of reporting on that angle 27 00:01:25,200 --> 00:01:28,440 Speaker 1: and this is one of the most poorly reported stories 28 00:01:28,480 --> 00:01:31,959 Speaker 1: I remember in recent years, as everybody is just looking 29 00:01:32,000 --> 00:01:34,119 Speaker 1: at it purely through the lens of do I like 30 00:01:34,200 --> 00:01:39,360 Speaker 1: Trump or dislike Trump? Um, this is a really big, interesting, 31 00:01:39,480 --> 00:01:43,240 Speaker 1: important negotiation. There in the middle of this is you know, 32 00:01:43,480 --> 00:01:48,120 Speaker 1: everything the Trump presidency hangs on this because, as you know, 33 00:01:48,560 --> 00:01:54,280 Speaker 1: because we know that, let's go ahead, say China, China, 34 00:01:54,960 --> 00:01:58,720 Speaker 1: Trump that the big issue for him. It was that 35 00:01:58,760 --> 00:02:00,720 Speaker 1: he was going to take on China and that he 36 00:02:00,800 --> 00:02:02,600 Speaker 1: was going to he was going to do what he 37 00:02:02,640 --> 00:02:06,720 Speaker 1: could to get China to have fair trade practices, and 38 00:02:06,720 --> 00:02:08,840 Speaker 1: and and and now we're in the middle of it, 39 00:02:09,240 --> 00:02:11,800 Speaker 1: and one of two things is going to happen. Trump's 40 00:02:11,800 --> 00:02:15,520 Speaker 1: gonna win or he's not. If Trump wins, it's a 41 00:02:15,520 --> 00:02:19,560 Speaker 1: big game for the US economy. It hurts China, and 42 00:02:20,080 --> 00:02:22,239 Speaker 1: I think we'll have it. We'll have a great economy 43 00:02:22,280 --> 00:02:26,840 Speaker 1: through and his chances of being reelected are certainly, you know, 44 00:02:27,320 --> 00:02:32,000 Speaker 1: better than even right. If he loses and we have 45 00:02:32,120 --> 00:02:35,520 Speaker 1: a and this is a prolonged trade war, it's going 46 00:02:35,560 --> 00:02:37,639 Speaker 1: to hurt the U s economy. It's going to hurt 47 00:02:37,720 --> 00:02:41,320 Speaker 1: him among his base, which has really stood behind him 48 00:02:41,440 --> 00:02:44,120 Speaker 1: up till now, and and and maybe for a while. 49 00:02:44,160 --> 00:02:48,800 Speaker 1: We just don't know how long. Uh, and uh. He's 50 00:02:48,800 --> 00:02:51,000 Speaker 1: not going to come across as the great dealmaker that 51 00:02:51,080 --> 00:02:55,560 Speaker 1: he said he was, and it will be ugly. Hey, 52 00:02:55,600 --> 00:02:58,200 Speaker 1: I want to point something out, partly for our listeners 53 00:02:58,360 --> 00:03:01,079 Speaker 1: and partly for you, Deborah. We talked about this. I 54 00:03:01,120 --> 00:03:04,359 Speaker 1: think it was last hour. We got a great note 55 00:03:04,480 --> 00:03:08,760 Speaker 1: from an eminent thinker and um well as somebody knows 56 00:03:08,800 --> 00:03:11,720 Speaker 1: about Chinese American trade and has lived and worked in 57 00:03:11,800 --> 00:03:14,720 Speaker 1: China for forty years. He says, in China, there's a 58 00:03:14,760 --> 00:03:18,239 Speaker 1: significant and growing body of academics, business people, and policymakers 59 00:03:18,280 --> 00:03:21,000 Speaker 1: who agree that most of what the US is demanding 60 00:03:21,000 --> 00:03:25,760 Speaker 1: of China is in China's long term interest. So while 61 00:03:25,880 --> 00:03:28,440 Speaker 1: in the short term I think it would be more 62 00:03:28,480 --> 00:03:31,520 Speaker 1: beneficial for the US than China. There are plenty of 63 00:03:31,639 --> 00:03:34,560 Speaker 1: Chinese who think we need to sign this deal and 64 00:03:34,680 --> 00:03:38,160 Speaker 1: continue our move to economic modernity. So I just thought 65 00:03:38,200 --> 00:03:41,080 Speaker 1: that was worth noting. But as usual, I found that 66 00:03:41,120 --> 00:03:44,480 Speaker 1: Trump administration's messaging on this a bit haphazard. Yeah, it's 67 00:03:44,480 --> 00:03:48,080 Speaker 1: always interesting that Trump is both uh, maybe the greatest 68 00:03:48,080 --> 00:03:50,800 Speaker 1: political communicator of my lifetime and the worst at the 69 00:03:50,800 --> 00:03:54,040 Speaker 1: same time. I mean, sometimes he communicates thoughts and feelings 70 00:03:54,040 --> 00:03:56,760 Speaker 1: to crowds in a way that nobody can and everybody's cheering, 71 00:03:57,000 --> 00:03:58,800 Speaker 1: and then on stuff like this, I feel like he 72 00:03:58,880 --> 00:04:03,120 Speaker 1: counts on pundits on Fox News to explain his policies 73 00:04:03,120 --> 00:04:05,840 Speaker 1: to people because he doesn't, really I haven't hurt him 74 00:04:05,880 --> 00:04:08,720 Speaker 1: go out there and make the argument to farmers. Look, 75 00:04:08,720 --> 00:04:11,440 Speaker 1: it's gonna hurt for a while, I realized this, But 76 00:04:11,640 --> 00:04:13,320 Speaker 1: this is what's gonna be like for you in the future. 77 00:04:13,360 --> 00:04:16,200 Speaker 1: Why doesn't he do that? He does it on Twitter. 78 00:04:16,880 --> 00:04:19,359 Speaker 1: He's been doing tweets saying yes, trying to count on 79 00:04:19,360 --> 00:04:22,560 Speaker 1: all farmers to read his his tweets. I guess they 80 00:04:22,600 --> 00:04:26,240 Speaker 1: get up early, melts the cows and read his tweets. Um, 81 00:04:26,320 --> 00:04:29,880 Speaker 1: but I mean there are he he said, Um, this 82 00:04:29,960 --> 00:04:33,159 Speaker 1: is going Um, this is going to hurt China that 83 00:04:33,320 --> 00:04:35,600 Speaker 1: if you don't want to pay tariffs and you shouldn't 84 00:04:35,600 --> 00:04:38,640 Speaker 1: be manufacturing in China, you can move to another low 85 00:04:38,640 --> 00:04:42,320 Speaker 1: cost country to manufacturer, like Vietnam. And yes, farmers are 86 00:04:42,320 --> 00:04:43,800 Speaker 1: going to be hurt in the long one, that's gonna 87 00:04:43,839 --> 00:04:46,640 Speaker 1: help you. We've got this fifteen billion dollar fund that 88 00:04:46,720 --> 00:04:48,760 Speaker 1: we can give to farmers that will help you as 89 00:04:48,800 --> 00:04:51,960 Speaker 1: a pain somewhat. I know manufacturers are going to be hurt, 90 00:04:52,200 --> 00:04:54,360 Speaker 1: but in the end it will be in their interests. 91 00:04:54,400 --> 00:04:56,680 Speaker 1: He's been saying all that on Twitter. Well, listen, you 92 00:04:56,760 --> 00:04:58,280 Speaker 1: got to go to the White House and tell him 93 00:04:58,320 --> 00:05:02,159 Speaker 1: to hire Joe Getty as their new communications director. Because 94 00:05:02,279 --> 00:05:03,960 Speaker 1: if I were in charge, I would be out there. 95 00:05:03,960 --> 00:05:06,720 Speaker 1: I would have the President, I would have all of 96 00:05:06,760 --> 00:05:11,320 Speaker 1: his UH spokespeople saying all we want is for China 97 00:05:11,400 --> 00:05:14,640 Speaker 1: to follow the rules they agreed to when they joined 98 00:05:14,640 --> 00:05:18,120 Speaker 1: the World Trade Organization. We've been letting them slide now 99 00:05:18,360 --> 00:05:21,599 Speaker 1: for damn near a couple of decades, and they're ripping 100 00:05:21,680 --> 00:05:24,000 Speaker 1: us off. We don't want him to rip us off anymore. 101 00:05:24,120 --> 00:05:25,920 Speaker 1: It kind of reminds me of the NATO thing. Look, 102 00:05:26,000 --> 00:05:29,479 Speaker 1: I didn't decide this, this was decided by others a 103 00:05:29,520 --> 00:05:32,520 Speaker 1: long time ago. I'm just trying to enforce the rules. Actually, 104 00:05:32,560 --> 00:05:35,440 Speaker 1: it fits in with immigration to I'm enforcing the rules, 105 00:05:35,560 --> 00:05:38,040 Speaker 1: the laws that other people passed, whether it's the World 106 00:05:38,040 --> 00:05:41,040 Speaker 1: Trade Organization, our own Congress, or whoever, other people were 107 00:05:41,080 --> 00:05:44,479 Speaker 1: letting it slide. That's kind of interesting. You're right, Um, 108 00:05:44,600 --> 00:05:46,640 Speaker 1: you would know more about this because you're you're so 109 00:05:46,720 --> 00:05:48,600 Speaker 1: close to Trump and follow him everything like that. I 110 00:05:48,640 --> 00:05:51,440 Speaker 1: can't imagine him personally backing down just because he's the 111 00:05:51,520 --> 00:05:53,560 Speaker 1: kind of the kind of guy he is. I can 112 00:05:53,600 --> 00:05:56,400 Speaker 1: see him taking this to the end. But well, the 113 00:05:56,440 --> 00:06:01,279 Speaker 1: Republican Party cave on him at some point. Well, I 114 00:06:01,279 --> 00:06:04,800 Speaker 1: mean these are trade negotiations. I mean the party has 115 00:06:04,839 --> 00:06:07,200 Speaker 1: stuck with him amazingly, and when you think about what 116 00:06:07,279 --> 00:06:10,080 Speaker 1: a free trade party, the Republican Party has been the 117 00:06:10,080 --> 00:06:14,200 Speaker 1: fact that he has this much support and that basically, uh, 118 00:06:14,240 --> 00:06:17,000 Speaker 1: even even free trade senators are trying to give him 119 00:06:17,000 --> 00:06:19,120 Speaker 1: a pass on this. I think because of the point 120 00:06:19,200 --> 00:06:21,800 Speaker 1: you made, everybody knows it's in our interest to have 121 00:06:21,920 --> 00:06:24,960 Speaker 1: this work. That if Trump can get the concessions he's 122 00:06:25,000 --> 00:06:27,719 Speaker 1: looking for, it's good for the U. S. Economy and 123 00:06:27,760 --> 00:06:33,160 Speaker 1: the country comes out stronger. Um, I'm sorry, my mind 124 00:06:33,200 --> 00:06:36,400 Speaker 1: wandered for a second. His personality. Can you see him 125 00:06:36,400 --> 00:06:39,200 Speaker 1: backing down? Well, you know, he did back down on 126 00:06:39,200 --> 00:06:42,280 Speaker 1: the budget, and so we've seen that before where when 127 00:06:42,320 --> 00:06:44,559 Speaker 1: there was a government shutdown, he did back down once. 128 00:06:44,760 --> 00:06:46,640 Speaker 1: I don't see him doing that on this one, except 129 00:06:46,680 --> 00:06:49,640 Speaker 1: you know, if you get here's the thing. He likes 130 00:06:49,720 --> 00:06:52,960 Speaker 1: this personal relationship that he has with she, and these 131 00:06:53,000 --> 00:06:56,279 Speaker 1: personal relationships mean a lot to him. Um. I guess 132 00:06:56,320 --> 00:06:59,240 Speaker 1: my only question would be if the Chinese can convince 133 00:06:59,320 --> 00:07:02,800 Speaker 1: him that the deal that China wants is Trump winning, 134 00:07:03,080 --> 00:07:07,640 Speaker 1: maybe something like that happens. Um. Otherwise, this is his 135 00:07:07,720 --> 00:07:10,920 Speaker 1: signature issue. This is the thing that he really wants 136 00:07:10,960 --> 00:07:13,760 Speaker 1: to win. But if China is just going to be 137 00:07:13,800 --> 00:07:17,760 Speaker 1: intransigent in the US economy continues to get pummeled and 138 00:07:17,800 --> 00:07:23,080 Speaker 1: it's already started at some point in time, a reasonable 139 00:07:23,120 --> 00:07:25,960 Speaker 1: person would cry uncle. And then the question is, then 140 00:07:26,000 --> 00:07:28,200 Speaker 1: why did you get us into this problem? And that's 141 00:07:28,240 --> 00:07:31,040 Speaker 1: and that's the thing. I can't imagine the situation that 142 00:07:31,120 --> 00:07:33,800 Speaker 1: Donald Trump cannot want to be in. Deborah J. Saunders, 143 00:07:33,800 --> 00:07:36,320 Speaker 1: white House correspondent for the Las Vegas Review Journal, on 144 00:07:36,360 --> 00:07:40,920 Speaker 1: the line talking about the trade negotiation that's going on. 145 00:07:41,480 --> 00:07:47,200 Speaker 1: What do your sources say, Uh, Deborah about speaking of 146 00:07:47,400 --> 00:07:50,800 Speaker 1: mind wandering? Um, what was it gonna ask? Because it 147 00:07:50,840 --> 00:07:54,200 Speaker 1: is important China trade something you just said it was? 148 00:07:54,680 --> 00:07:58,200 Speaker 1: I got distracted. I'm looking at AOC's Twitter page and 149 00:07:58,320 --> 00:08:04,120 Speaker 1: oh man, she's something. Oh what I hear is that 150 00:08:04,200 --> 00:08:07,559 Speaker 1: all of the material issues have been decided and they're 151 00:08:07,600 --> 00:08:11,960 Speaker 1: just hung up on enforcement mechanisms. Is that what you're hearing? Well, 152 00:08:12,000 --> 00:08:14,200 Speaker 1: I mean what Trump's saying is we agreed on everything 153 00:08:14,240 --> 00:08:16,720 Speaker 1: and then they took it all back. Oh yeah, that's 154 00:08:16,720 --> 00:08:20,280 Speaker 1: what they're saying. We we we agreed, We're not five there, 155 00:08:20,320 --> 00:08:22,080 Speaker 1: and then chining To just said no and this is 156 00:08:23,320 --> 00:08:27,640 Speaker 1: and this is a negotiating tactic and that then so 157 00:08:27,720 --> 00:08:32,520 Speaker 1: we're supposed to give up the concessions we won. Mm hmm. Well, 158 00:08:32,559 --> 00:08:35,160 Speaker 1: I guess we'll We'll find out in time. But I 159 00:08:35,240 --> 00:08:38,400 Speaker 1: still think a deal will be struck and I think 160 00:08:38,400 --> 00:08:42,520 Speaker 1: it will be enormously positive. Um, but but we shall see. 161 00:08:42,840 --> 00:08:45,480 Speaker 1: You're you're talking about a totalitarian regime. And if there's 162 00:08:45,520 --> 00:08:47,760 Speaker 1: one thing, totalitarians who are good at their jobs know 163 00:08:48,240 --> 00:08:51,360 Speaker 1: that if they give a little, they might lose everything 164 00:08:51,920 --> 00:08:54,360 Speaker 1: because when it comes to control, you know there's only 165 00:08:55,000 --> 00:08:59,040 Speaker 1: you know, there's control, and then there's not control. Debra J. Saunders, 166 00:08:59,040 --> 00:09:01,840 Speaker 1: White House correspondent, Vegas Review Journal. Thanks a million, deb 167 00:09:02,360 --> 00:09:04,679 Speaker 1: Thank you. We will talk to you soon. I had 168 00:09:04,720 --> 00:09:07,080 Speaker 1: never thought of about that before until I started rambling 169 00:09:07,120 --> 00:09:09,360 Speaker 1: on there. But there are three issues there where Trump 170 00:09:09,720 --> 00:09:12,679 Speaker 1: could have done could still do a better job of arguing. Look, 171 00:09:13,000 --> 00:09:16,679 Speaker 1: I'm just enforcing the rules that already existed. The NATO 172 00:09:16,720 --> 00:09:20,040 Speaker 1: countries agreed to paying this much, they weren't. I'm gonna 173 00:09:20,080 --> 00:09:22,439 Speaker 1: make them pay how much they agreed to NATO. He 174 00:09:22,480 --> 00:09:25,720 Speaker 1: wants to t Barnado. Our immigration laws are this, I'm 175 00:09:25,720 --> 00:09:28,600 Speaker 1: going to enforce them. If you don't like them, change 176 00:09:28,640 --> 00:09:30,760 Speaker 1: the laws and the w t O the way they've 177 00:09:30,760 --> 00:09:32,880 Speaker 1: set up everything. China is supposed to do this, they aren't. 178 00:09:33,240 --> 00:09:37,280 Speaker 1: I'm saying we need to enforce it, right, Yeah, well 179 00:09:37,480 --> 00:09:40,240 Speaker 1: devent all these things, these new hard lines, so we'll 180 00:09:40,240 --> 00:09:42,000 Speaker 1: want to go through a little pain to enforce it. 181 00:09:42,040 --> 00:09:46,000 Speaker 1: Which none of his predecessors were Republican or Democrat. Pretty 182 00:09:46,000 --> 00:09:47,520 Speaker 1: interesting worth noting