There is something called a border adjustment that you guys need to give me an Almost hour show on a whiteboard to explain how it works. But instead of Countries arbitraging us when they send us their goods, they get a tax arbitrage, meaning they remove a bunch of the tax so they can sell it to us, but when we sell to them, they put a bunch of tax on it, so we get screwed. It hurts US Manufacturing. And there's a way to adjust that and that may be an alternative, but I'm running out of options. And I've given presentations on this and I get. (41:21–41:34)
CLAIM
Asserts that current tax practices allow other countries to benefit at the expense of U.S. manufacturing.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
