05.17.17

Senator David Perdue Discusses President Trump’s Agenda On Bloomberg TV

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) today spoke with David Westin on Bloomberg TV’s Bloomberg Daybreak about national security and President Trump’s tax priorities.

Click here to watch or click on the image below. 

Bloomberg

Responding To Memo Reports: “Knowing President Trump the way I know him and seeing how he has operated over the last four months, it would be hard for me to believe that this will be substantiated so we will see how it turns out. I'm anxious to get past all of this this week and move on to the agenda the people in America really want us to focus on.”

Confidence In Committee Investigations: “The select committee we have is an intelligence committee in the Senate. They have been investigating the Russia accusations, and they will look into these allegations as well. I have full confidence they will get to the bottom of all of this.”

Improving Our Competitive Edge: “What the border adjustment tax does and the reason they are talking about it is to pay for these cuts, but let's focus on what we are really trying to do. The corporate tax rate and the repatriation tax need to be adjusted so we can compete with the rest of the world.”

Shelving Regressive Tax Idea: “I think this border adjustment tax is a regressive tax. It hammers low-income and middle-income consumers. More importantly, we saw what happened in Europe when they put a consumption tax on top of an income tax, central governments grew by two-thirds over there.”

Encouraging Capital Investments: “We’ve got $2 trillion stuck on the balance sheets of American banks because of Dodd-Frank, and you’ve got somewhere between $2 trillion and $3 trillion stuck overseas in un-repatriated profits. I was a CEO. I had profits stuck overseas. I know when I wanted to build assets, some of those decisions were made based on where I could deploy that money.”

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Senator Perdue is the only Fortune 500 CEO in Congress and is serving his first term in the United States Senate, where he represents Georgia on the Armed Services, Banking, Budget, and Agriculture Committees.