Corporate tax reform was Trump administration's most important plus, says Wharton's Siegel

Published: Aug 22, 2018 Duration: 00:04:12 Category: News & Politics

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The most important plus of the Trump administration it can't be reversed I mean the oddsmakers are you know are saying three-to-one the Senate is going to remain Republican so that's not going to be reversed and I mean then that was a the most important and I think the most important plus of the Trump administration was that corporate tax reform that that really was you know a good 10 12 percent of the earnings growth two-thirds of the earnings growth this year I think is due to that tax reform there's no signing of the Democrats get hold of the house that they can basically reverse that the second thing of course I think is a better regulatory environment that the Trump administration has provided you know I mean obviously the Democrats control the house they can slow that deregulation down but a lot of that has already been accomplished so some of the main you know points of the Republican agenda have been enacted that can't be on so to speak shot down until the Democrats get both this house the Senate and the presidency you know in the absolute earliest for that is you know another two two and a half years on so you know that III think it's mostly just you know investigations writs of impeachment you know looking over that some people say stand still deadlock is not the worst thing in the world and given that the major reforms of the of the Republican Party have been passed I would say there's there's some truth to that do you think that that Democrats can run on the tax reform that Democrats can run on the tax reform only bit benefiting the wealthy and that it was just crumbs for the I still hear that does that resonate do you think with well note I mean I mean you know senator Warren he's going on another pitch a towards what's called corporate responsibility you guys have talked about it any firm with more than a billion dollars has to have you know basically a national charter public control who's going to be on the board of directors I think they're looking more of that runaway big corporations that I can see rather than just the tax reform mean it was pretty hard to run against you know and under three of under four percent unemployment rate where GDP is accelerated at three percent in business and consumer optimism is at or near all-time highs I mean you know you're you have to be very careful about that because that's the biggest plus for the Republicans going into November there's a segment there's The most dire situation the Republic has ever been in a whole segment I mean I see some of the Twitter there's a whole segment of population that's with everything you just mentioned there tell me this is the most dire situation that the Republic's ever been in and I've given up on sending you know unemployment numbers and GDP and stock market quotes or consumer confidence business I've just given up I I mean some people just it has nothing to do with those things I guess yeah well know that mean that's a plus I mean I you know I you know that Trump still is in the negative popularity range and in all the you know the elections we've had some far is it tilt towards the Democrats which of course gives them the house but not enough of a shelter to give them the cinema was it forty two percent for most of this priest the last four years I remember but you saw what happen to the house into to local in all the local legislators and governorships and everything else I mean they got they got absolutely decimated during another your pure any way that that could happen again well that's that's historically what we see anyway professor Siegel thank you you know next time I may go next time maybe I'm a snail mail to get but you were here okay all right sorry I didn't get this you you

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