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Americans Concerned About High Cost of Living

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  • Description

    Rep. Aaron Schock, (R-Ill.), sounds off on Obama's corporate tax rate plan.

  • Duration 4:09
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This transcript is automatically generated

Paul they have a Republican congressman Aaron shock joins us now.

From Illinois he did -- talk a little bit more about this voting today thank you congressman for coming on a retreat what do you do it yet you're Romney -- right -- is that wrong.

No -- and I'm with Romney tell us why strongest candidate.

Well number reasons first of all I think he's electable like the he's not only polling well with conservatives -- -- in states like Florida.

In states like.

Iowa in -- and Ohio he's doing well with conservatives and he's gonna do very well with independent voters as well he proves to be the strongest candidate.

-- in -- general election -- those independent voters are the ones who decide.

A presidential election second.

The biggest issue facing this country right now is our economic downturn.

Unemployment above 8% longest period time in our history.

People back in my district in the heartland of America are concerned about America becoming more and more expensive to live in this country high gas prices.

Height producing and not food cost high health care costs despite obamacare.

So and and president or rather governor Romney have -- has shown age you don't want -- ahead of ourselves.

Has shown a record of being able to not only -- businesses and government around.

The more important -- He's shown to be able to govern it very difficult circumstances.

Look Washington DC has no shortage of great ideas of great politicians -- what we need are people that can actually get something done.

When he was governor of Massachusetts right which is not not an easy place for Republican 85% Democrat house and senate.

Got on the balance your budget four times got on to cut taxes.

In my book that's pretty conservative guy and he did it.

In very get I don't wanna have to ask you one question about your uninteresting up -- as -- -- -- the economy about.

The president's tax reform proposals in the in sourcing of jobs.

But let me just ask you political question for our sure Romney supporter as you said he's got to focus on the economy.

The focus has been anything but here in recent weeks and contraception and everything else is that that hurting your candidate.

Well I think it's hurt the Republican Party look President Obama and and not data that's -- and his team their from Chicago it's the Chicago way to Chicago politicians.

They're down and dirty and look they know what we know which is Republicans took back the house -- here when independent voters.

And moderate women -- to the Republican side in the general election they know.

They are upside down with women and independent voters and they're trying to get social issues are trying to get divisive issues to trying bring those people back to their party -- -- -- the day.

Whether -- soccer mom.

Or an unemployed workers you worried about the high cost of living.

In United States of America President Obama set himself three years again have a turnaround as a one term proposition you're also worried about jobs as you go and -- a lot of people.

And in Europe where you're from Illinois and and a lot of other states worried about jobs heading overseas so the president has this plan -- -- tweak the tax code and talk about in sourcing of jobs.

And you say what about that.

What it is directly the opposite.

Of what our job creators say we need to do we need to become more competitive we have the second highest tax rate in the industrialized world and -- in Japan.

You're not moving to United States of America -- lower tax rate.

When you have large companies like Caterpillar which is headquartered in my hometown of -- -- you've got big companies like -- and Motorola in Illinois.

-- we at least we heard from IBM and Microsoft big international companies.

They need -- what they call a territorial tax system.

Hate attacks in the foreign country -- it.

Bring it back to the united states tax -- you can investor -- our country that's what Europe passes with southeast -- Scott it's what most industrialized country yes.

The president wants to do direct opposite.

He wants to say you know what if -- US based company he wants to tax your income should no matter what country Algeria and -- -- -- you bring it back to United States -- not.

The panel what that will do.

But this will do is it will incentivize.

US corporations to be acquired.

By foreign entities just like in that -- Budweiser and Miller being bought by foreign companies countries.

For companies and before country that think they will happen to US based companies.

As it becomes more and more tax advantaged.

To be in another country -- the president's plan would -- thank you very much for joining us congressman Aaron shock from cap.

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