Eric Trump Joins America's Roundtable with Co-Hosts Natasha Srdoc and Joel Anand Samy | The Future of Public Policy in America | Economy, Immigration and Security
America's Roundtable
Shownotes Transcript
Join America's Roundtable) radio co-hosts Natasha Srdoc and Joel Anand Samy with Eric Trump, executive vice president of the Trump Organization and president of the Trump Winery in Charlottesville, Virginia, for an exclusive interview on the future of public policy in America.
The conversation with Eric Trump focuses on the state of America's economy and Kamala Harris's proposed tax hike by increasing business taxes from 21% to 28% which will adversely affect workers and small business owners. Harris is also pushing price controls which is a throwback to the days of a Soviet-style "command and control structure," and policies that destroyed economies in communist Eastern Europe, modern-day Venezuela and Zimbabwe.
The open border policy which has made every state a "border state" will be brought to the forefront with an internal crisis within the US of some 13 million coming into the nation illegally and now depending on taxpayer paid services.
The wars in Europe and the Middle East, with allies such as Israel being attacked by state sponsor Iran and its proxies Hamas, Hezbollah and Houthis will be addressed as well. The policy of peace through once implemented through the Reagan and Trump administrations have been replaced by a concerted effort to appease America's adversaries including China, Iran and Russia.
Brief Bio | Eric Trump
Eric Trump is the Executive Vice President of the Trump Organization and oversees all aspects of management and operation of the global real estate empire, including new project acquisition, development and construction. Headquartered out of Jupiter, Florida, he is intimately involved in the success and growth of the Trump Organization - from the finest residential properties, to luxury hotels, iconic golf courses, magnificent office and retail locations to wineries, entertainment venues and brokerage firms. Eric actively spearheads the rapid growth of Trump Golf, bringing the portfolio from three properties in 2006, to nineteen today.
With award-winning locations in New York, New Jersey, Florida, North Carolina, California, Scotland, Ireland, United Arab Emirates and Indonesia, Eric is directly responsible for overseeing the construction, management and operations of each Trump Golf property to ensure the courses, clubhouses and amenities maintain the highest standard of luxury service and quality. Eric led the $250 million dollar redevelopment of the famed Trump National Doral, Miami, the acquisition of Trump International Ireland and the 200£ million renovation of the legendary Trump Turnberry resort in Scotland, home to four British Open Championships.
The Harris Plan to Lower Your Wages The Vice President wants to raise the corporate tax rate from 21% to 28%, which will ultimately be paid by workers.
"_The Democratic team that brought you declining real wages is now threatening to lower your pay again. That’s the practical effect of Kamala Harris’s idea to raise the U.S. corporate tax rate to 28%, and it’s instructive that an anti-growth tax increase is one of the Vice President’s few distinctive policy priorities so far. Ms. Harris’s endorsement Monday of a 28% rate, up from the current 21%, signs onto what President Biden has been proposing.
_U.S. companies during the Obama Administration often moved their headquarters to lower tax climes such as Ireland to avoid the high U.S. tax rate that made them less globally competitive. The Business Roundtable estimates that some $2.5 trillion in income earned abroad returned to the U.S. as a result of Mr. Trump’s 2017 reform. _
Ms. Harris pitches her 28% rate as merely punishing big companies, but economists of all stripes agree that U.S. workers pay for higher corporate taxes in lower wages. The corporate rate cut contributed to the strong pre-Covid U.S. economy in 2018 and 2019 with growing wages that many voters say they miss.
_The current U.S. corporate rate is above 25% when state corporate taxes are included, and the Harris increase would again make the U.S. a world outlier at above 30%. The OECD statutory average is a little north of 23%, and the European Union’s is lower at roughly 21%, according to the Tax Foundation. The average in Asia? About 19%. _
The next President will put his or her mark on America’s global competitiveness when many of the 2017 tax cuts expire in 2025, and on this score voters are getting a clear choice. Mr. Trump has suggested lowering the corporate rate to 15%. He can make this part of a larger theme of faster growth and rising incomes if he explains to voters what Ms. Harris’s tax increase means for average workers._"
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