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Mark Pocan: “We're hearing there could be a giant corporate tax cut in…”

Featuring: Mark Pocan, Democratic | U.S. House, Wisconsin, District 2

With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne

Published February 14, 2025 | Video Starts at 05:45

Something we will talk about soon on this podcast. It'll pass with a whole bunch of other bad ideas. And We're hearing there could be a giant corporate tax cut in the works as well. So, you know, let's just face it. Trump cares about the wealthiest in this country. He cares about the people who can afford to belong to Mar A Lago. (05:45–05:51)

CLAIM

Asserts that there are plans for a significant corporate tax cut.

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.

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Mark Pocan

“Having an unelected billionaire in charge of the federal government spending agency by agency is a little surreal.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 00:15-00:31
“USAID workers went back to work on Monday and were sent away once again.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 00:44-00:50
“The most important thing is that all of this is about the holy grail for the Republicans. That's their tax cut bill for the wealthiest.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 00:51-00:59
“Elon Musk and Jeff Bezos and Mark Zuckerberg and of course, Donald Trump and most of the people who belong to Mar a Lago will get a tax cut.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 00:58-01:07
“The biggest battle of the year and maybe of the Trump presidency will be a reconciliation bill that has a huge tax break for the wealthiest…”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 05:07-05:18
“Something like 80% plus of the money in the tax break bill went to the top 1%.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 05:20-05:26
“That tax bill racked up trillions of dollars in debt that many of us are going to be repaying for a while.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 05:28-05:34
“Donald Trump said in many ways, whether it be the people he's appointed or that crowd where he stands, you know, many in that MAGA crowd…”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 10:41-11:11
“It's tax break is also a tax expenditure.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 14:13-14:17
“You certainly are taking money away from programs that I think the average person benefits far more from.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 14:24-14:31
“Some people think, well, maybe someday I'll be wealthy. And of course we know that rate's going to be much smaller than people who believe…”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 18:56-19:03
“Should we really call them tax extensions? Because it's a new decision to make this tax break.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 22:08-22:14
“The lowest point of the last Trump presidency for his popularity was when he did his tax bill.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 29:32-29:38
“The rate [corporate tax] was 35% prior to the Trump presidency. He lowered it to 21%.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 30:09-30:24
“Every dollar that's invested in the IRS, Internal Revenue Service, supposedly between 5 and $9 gets brought in from tax cheats, mostly…”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 37:26-37:40
“Donald Trump just, I think in the last few weeks, it's proposed that one of his rallies that we shift more IRS workers to work at the border…”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 37:48-38:00
“We watched Elon Musk spend a quarter of a billion dollars to elect Donald Trump.”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 42:19-42:26
“This is going to be the most consequential thing the Trump administration will do in the next four years, and they're going to do it right…”
With Liberty and Justice for Some – Episode 2 Fixing the Tax Code with Erica Payne | Uploaded February 14, 2025 | 46:13-46:19