You have to make things. You're not a wealthy country because you have a lot of law firms. You're not a wealthy country because you have a lot of advertising agencies. You're a wealthy country because you make things. And our manufacturers, unlike some of these other industries, have to compete against companies abroad. So when these big multinational corporations have to decide, am I going to set up shop in Germany or Korea or Brazil or India or wherever we want it to be favorable to set up shop tax wise in the United States. (00:09–00:21)
CLAIM
Asserts that a country's wealth is derived from manufacturing, which competes internationally.
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.
