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Next guests spent two days of the White House this week invited to listen to the president speak about bringing jobs back to America.
The tell members of the administration about their hurdles facing small business is message.
Taxes are too high and regulations to -- but is anybody inside the White House actually listening we welcome.
Glad he is the president of marlin steel and a good friend of our street drew good to see you thanks for coming back how -- times anybody even -- the White House almost more you've been here.
It twice this week end though who went once last month it's its -- market listening.
You know I think they're trying to explain to small business people their perspective and have there.
How they believe there are contributing to this success of the American economy.
However I think there's some challenges that that's going -- in the American economy.
That need to be addressed and some of the impediments that were the feeling in facing.
Is because of some of the things they've created.
And I think it would be helpful for our economy if they were to make our system.
Easier to grow and thrive.
Well and you know the fact is is that one of your messages is taxes or -- higher taxes should should become -- -- We had their chief economic advisor mr.
crew were coming out yesterday and saying.
The way to get the economy -- -- again is to raises tax rates to raise tax rates under.
I mean it's exactly the opposite of what you guys are going -- telling them.
Right and I had an exchange was secretary -- and on Wednesday in particular.
With them and I described to him that our tax rates are so uncompetitive.
Like for example in Canada -- tax rates or 18% and falling down -- 15%.
And that includes health insurance however our tax rates for small factory in Europe and the 40% range that doesn't include state taxes.
So what happens is jobs that should happen in America or -- to Canadian factories or German or French factories all these -- -- cheaper to operate.
American factories have a 20% cost differential.
Our global competitors right this is because our towards laws are so.
That the tort lawyers or are running crazy.
This is because the regulations are repressive and our country.
And what's happening is this hurts the American worker -- makes it not a level playing field we don't have -- -- kind of advantages our factory workers don't have the same kind of advantages.
Is another factor I think I went.
Who drove the one bone that they're gonna throat UN and other businesses because they are going to lower the corporate tax or I I predict that this administration you know they've just been jawboning about it so far that they will before the election lower the corporate tax rate.
To try to to get some supportive of businesses that have soured on the but what do they what is -- when you come out and say this is what we need what do they tell you face to face model a model.
Well -- Gene Sperling said to me in and several others in the room.
The guiding principle of the administration is to improve the economic climate for factories.
Ice and that's what I had the exchange of price and I said.
It's critical that we get our tax rates fair by the way there -- a gentleman there from Intel and he said their tax rate to 32% again higher than the 18% over in Canada.
He said they spend four billion dollars a year in in taxes.
And it and and it's it's a challenge for them to be as competitive as that could be by the way you anyone you want companies like Intel you -- company's lawyers -- Steelers are more -- growing in investing in our country.
Actually doubt you had an exchange with that bill -- be exiting.
Chief of staff over the NLRB and Boeing tell us -- that way quickly.
Right well what happened was.
-- I was with several manufacturers in the Roosevelt room.
Recently last month and we said the NLRB is a challenge.
For growth and -- -- -- there's a lot of new regulations coming out of the NLRB.
Which are very unsettling to factory owners and if you -- -- grow factories in America you you can't have these entities -- rules.
The -- he said there you can't name one company.
In America that's been impacted by the NLRB since president Obama's been in office.
And there was complete silence in the room and I was stunned that he said that and I civil.
Mister Daley what about bowling in the South Carolina was Boeing yet.
Right and he he was he got red faced and he said to me.
You know I'm look I'm -- a former board member of Boeing.
And it was negotiate is compromised.
And I got my gut is is that Boeing probably had challenges because of the NLRB in this they had to make agreements that prime wouldn't have made it's a -- who wasn't.
Yeah I agree it's just amazing that wasn't even on his radar screen even though he was on the board there and everybody -- -- true.
Congratulations at least somebody's -- these people which -- doing congratulations for doing that I hope I hope they invite you back Robin -- next time listen with open your drew Greenblatt.
For marlin -- great to see again -- thing.
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