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This -- and it's now -- and joining us our right now from Capitol Hill is that a North Carolina senator.
Democrat Kay Hagan -- -- making good to have you on the -- thank you very much for coming on.
Several a number of things we wanna talk about but what about that poll we just read what do you make of it that Americans file large margin.
You know blamed the government for the problems economic problems vs the big Wall Street institutions especially -- all these protesters industry here recently.
You know -- North Carolina we have ten point 4% unemployment people are hurting they're frustrated they're angry.
They want Democrats and Republicans to come together in congress to pass legislation that really make sense.
And that's what we've got to do and I hear that from people all across North Carolina weather -- at a farmer's market are walking downtown are.
I'm placing my conversations with -- they want positive action taken here on the hill.
And it does speak that we wanna talk in a moment about what you're trying to do this it.
Novel effort to bring bipartisanship back and actually kind of work with the other side on on some legislation.
But it it is kind of interest in coming -- -- -- all the protesters.
In the street and we have this big debate going on about the role.
Of government and what role government.
-- in pulling us out of all this you're still saying it sounds like listen even though people are disgruntled with government there is a role for government and getting us out of this mess.
Well I think what we need to do at the federal level is to create a better business climate said that private industry especially small businesses.
Can -- their companies have access to capital and hire more people.
And I am pleased that I didn't have a bill it's a bipartisan bill Senator John McCain has cosponsored this with me as the foreign earnings.
Re investment act might now American companies have over a trillion dollars.
That that are found for one sales that a -- overseas -- trillion dollars.
What we've done on a bipartisan basis instead to those companies -- that money back to the US at eight point 75%.
But that can be bought down to five and a quarter.
If they hire more people an increase in wages really -- -- got a very stiff penalty if they lay people.
Okay we've heard a lot about this CEO's for a long time now to John Chambers at Cisco.
CEOs has spoken up about it but the critics senators say.
What will we tried this back in 2004 and they sit.
They didn't have is -- much bang for the buck as you would think there wasn't as much hiring as we wanted so why wouldn't work this time around.
Well first of all it's a very different bill and we -- also -- a very different economic climate that we weren't 2004.
And that is we did put carrots and sticks in this bill.
They care it is that if the companies hire more people an increase wages they can actually pay a lower tax and -- employment that -- -- for.
But they also have a very stiff penalty of 75000.
Dollars per employee if they lay somebody off.
So I think with with those.
But changes in the bill that we've really made -- great improvement on what was done in 2004.
And that's a trillion dollars that can come back into our economy right now.
This money overseas is not hiring a single American worker what we need to do is -- that money back and hire Americans here in our country.
Aren't trying to.
For both sides together working with Senator McCain on -- we're gonna follow this we've been talking about it through quite a while to see if it did if it gets there senator -- thanks for coming on the show we appreciate.
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