Senator David Perdue Talks Tax On CNBC

State & National

Senator David Perdue Talks Tax On CNBC

“The only reason we’re doing the budget like this, 18 days after the beginning of our fiscal year, is to get tax done this year.”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke with Joe Kernen on CNBC’s Squawk Box about why the budget process is a sham and should be viewed as merely a way to fix our tax code this year.

A Total Sham: “Let’s be very clear. This budget is a sham. It’s a fraud that’s been perpetrated for the last 43 years since the Budget Act of 1974. The only reason we’re doing the budget like this, 18 days after the beginning of our fiscal year, is to get to a vehicle to get tax done this year.”

Budget Is Not A Law: “This is a resolution. It has nothing to do with how we’ll fund the government. Congress already passed a short-term spending deal that got us past the end of the fiscal year. Sometime between now and December 8th, six people will get in a room and decide how to spend over $1 trillion, and the rest of us will get an up or down vote on that.”

Getting To Tax: “I’m very confident we’ll get this budget done because the only reason we’re doing it this way is to get to the tax deal, which all of us are anxious to pass.”

Making America More Competitive: “Consumer confidence is at a 16-year high and over 800 regulations have already been reversed this year. Now we have the anticipation of passing this tax deal that will actually help our corporations and our workers become competitive with the rest of the world again.”

Funding The Military: “My argument is if you want to fund the military long-term, you better solve the debt crisis. To solve the debt crisis, we have to get after our budget process. If you really want to solve our funding issues, you better get the economy going, and the economy will move if we get this tax deal done. It’s just as simple as that.”

Helping American Workers: “We’ve got to lower the corporate tax rate, which is an onerous tax on American workers. It puts our workers at a disadvantage with the rest of the world. In 1986, the last time Congress took any measured change in the tax law, we had one of the lowest corporate tax rates in the world. Today we have the highest in the OECD. We are also one of the last countries to have a repatriation tax. There are also some $2 trillion of U.S. profits stuck overseas. Fixing those things alone will stimulate this economy.”

Senator David Perdue Applauds President Trump’s Move To Increase Access To Insurance

Politics, State & National

Senator David Perdue Applauds President Trump’s Move To Increase Access To Insurance  

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) comments on President Trump’s action today to provide Americans’ relief from Obamacare:

“President Trump has proven once again he is willing to take bold action, even when Congress won’t. This action today will bring relief to the millions of Americans unable to obtain affordable health insurance because of Obamacare. This law is collapsing under its own weight and hurting millions of Americans. It needs to be fully repealed. In the meantime, I applaud the President’s courage to take action and support this move emphatically.”

Senator David Perdue Meets Georgia Principal Of The Year

State & National

Senator David Perdue Meets Georgia Principal Of The Year

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) met with 2018 Georgia Principal of the Year, Dr. Tommy Welch of Meadowcreek High School in Norcross, Georgia. Dr. Welch is one of three finalists for 2018 National Principal of the Year.

“Both of my parents were school teachers and education is something very dear to me,” said Senator Perdue.“Under Dr. Welch’s leadership, Meadowcreek High School’s graduation rates have skyrocketed and SAT scores are up over 40 percent. Most importantly, students are receiving the skills they need to succeed in the future through on-campus internships with local business partners, college and career academies, and more STEM courses. I’m extremely impressed by the great work Dr. Welch is doing for Meadowcreek High School and wish him all the best as he competes for National Principal of the Year.”

Senator David Perdue: “We Need A Sense Of Urgency Like Never Before”

Politics, State & National

Senator David Perdue: “We Need A Sense Of Urgency Like Never Before”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke on the Senate floor about President Trump’s tax framework and why we must change the tax code this year.

Delivering For American Workers: “I’ve lived around the world. I’ve run businesses. I started my career working on an hourly wage in construction. I understand that America, and I can say this with authority, has some of the best workers anywhere in the world and in the history of the world. On the back of that, we have innovation, capital formation, and the rule of law. That’s what has created this economic miracle over the last 70 years, but we’ve taken it for granted.”

Leveling The Playing Field: “Today we absolutely have the highest corporate tax rate in the world. We’re one of the last major OECD countries to actually still have a tax on repatriated earnings.”

Protecting American Jobs: “If our corporate rate today was just 20 percent, over 4,700 companies that have been purchased over the last 12 years would still be in the United States. I think that is tantamount to a marching order for us here in the Senate to make this change.”

Can’t Wait Any Longer: “Nearly every CEO surveyed by the Business Roundtable said that delays on tax would damage our economy.”

No Washington Excuses: “We can’t get bogged down in the scoring and financial modeling that is only done this way in Washington. People back home don’t run their small businesses this way. They don’t run big businesses this way, and they sure don’t run their personal finances this way.”

Only Score That Matters: “We can’t get wrapped up in the bad numbers and bad timing coming from the Congressional Budget Office. The only score that matters to me is GDP growth and the jobs it creates.”

Time To Act Now: “The reason we want this tax code changed is to put people back to work and change lives here in America. The long-term benefit of this gives us more flexibility and more capital with which to solve this debt crisis. Growing the economy alone will not fix this debt crisis and we will not fix the debt crisis unless and until we fix this tax code. We need to have a sense of urgency like never before in order get this done this year.”

Senator David Perdue Discusses Tax Priorities On Fox Business

Politics, State & National

Senator David Perdue Discusses Tax Priorities On Fox Business

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke with Maria Bartiromo on Fox Business Network’s Mornings With Maria about President Trump’s efforts to overhaul the tax code to help middle-class families and make America more competitive.

 

Acting on Tax: “The first thing is to get this tax bill that the President wants passed. The reason we need this tax package is to get the economy growing again and to put people back to work.”

Driving A Solution: “Right now I’m moving on and trying to drive to a solution on tax. I’m really optimistic that we will get to a tax bill because this economy wants to turn. Consumer optimism is at a 16-year high right now. If we move on this tax fix, I believe we’ll see a nice rebound next year.”

Lowering Rates: “We have to get the corporate tax rate as low as we can. President Trump wants 15 percent and so do I.”

Investing Back Home: “We can clean up corporate welfare as we work on deductions, but the real thing is we’ve got to eliminate is the repatriation tax. There is between $2 and $3 trillion stuck overseas in U.S. profits. That money can come back into the country as a capital investment and create jobs.”

Solving Fiscal Problems: “Job one is get the economy going, then start working on these redundant agencies. I believe if we get tax done this year, the economy starts to work, then we can start saving social security, whose trust fund goes to zero in 17 years, and Medicare.”

Senator David Perdue Discusses Immigration & Health Care With Laura Ingraham

Politics, State & National

Senator David Perdue Discusses Immigration & Health Care With Laura Ingraham

 

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) joined The Laura Ingraham Show to discuss President Trump’s address at the United Nations General Assembly meeting, health care, and why the RAISE Act should be included in any Congressional solution to fix our country’s immigration problems.

Click here to listen to the interview.

Leading Again: “President Trump is reengaging with the rest of the world. He’s doing two things: One, he’s telling our allies that we’re going to be there for them. But, more importantly, he’s telling other people – who are doing nefarious things – what’s important to America.”

Leveling The Playing Field: “I’ve worked in Asia and Europe. I’ve dealt with these archaic trade rules all of my career. Job one right now is getting our economy going again, and getting on a level playing field with the rest of the world is one of the best ways to do it.”

Fixing Health Care: “At this point, given the terrible nature of the structure of Obamacare and given that we failed several weeks ago in repealing Obamacare, it’s very difficult to get a perfect solution. I’m afraid that this bill is the only thing standing between us and a single payer system, and that’s a real concern.”

Securing America: “The wall has got to be there. We’re going to find a way. This is a precept that got President Trump elected, and we’re not going to stop fighting for that. It’s a national security issue.”

RAISE Act Proven To Work: “The RAISE Act moves us to an immigration system based on merit, just like Canada and Australia. They’ve had this for decades and they’re attracting the best and brightest of the world.”

Senator David Perdue Comments On President Trump’s United Nations Address

Politics, State & National

Senator David Perdue Comments On President Trump’s United Nations Address

 

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA), a member of the Senate Armed Services Committee, comments on President Trump’s address at the United Nation’s General Assembly meeting:

“American leadership is needed now, more than ever. The world is more dangerous than any time in my lifetime, and I am glad to see President Trump and UN Ambassador Nikki Haley aggressively taking on these challenges at the United Nations to get better results. President Trump was very clear that improving accountability and effectiveness at the United Nations is a top priority. For too long, the UN’s budget process has lacked transparency, and the organization has relied too heavily on U.S. contributions. President Trump sent the message that all sovereign nations must come together in a united effort to counter North Korea’s reckless behavior and the growing threats from Iran’s continued support of terrorist groups and human rights abuses.”

Senator David Perdue Comments On Debt Surpassing $20 Trillion

Politics, State & National

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