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Disney CEO Bob Iger explains how lower corporate tax rates in other countries are hurting business in the U.S.
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Are you guys talking about the target -- CEO adequacy of this.
Disney he wants to make a change -- -- the United States taxes corporations Melissa Francis talk with Bob -- our analysts say he told to heat is investing and hiring but he does have a -- heck yeah absolutely and you said this is Bob -- interviewed him many.
I also believe that you have to as you do in any business.
Consider competitive.
Factors and -- the corporate tax rate in the UK for instance which is being decreased.
Is much more favorable -- that's an incentive for companies to base -- -- themselves there and to do business there that's not good for America because that creates.
A loss of jobs and a loss of revenue instead of the opposite.
-- this is a company that has created more jobs in this country.
Recently then than many other companies not just because of what we described in terms of the investment cycle.
But we basically believe in this country and doing business here but we need help.
Yes and he basically said that he continues to invest -- higher here in the US but a lot of times is not necessarily to his advantage and a lot of other companies.
Are seeing the exact same things were just makes sense to create jobs elsewhere.
Because the corporate tax code here is just so onerous and he wasn't even saying that he wants to pay.
Lower taxes he's saying let's cut out the loopholes -- simplify it make it the same level.
And make it a level playing field around the world that really Washington isn't doing companies any -- was -- usual to hear him speak -- there's -- -- replaying soundbites from the rest of the interview throughout today.
-- a lot more than this as well we're gonna have the full interview coming up tonight.
On Monday at 5 PM -- but we're hearing digging when we're talking about this in the makeup room you know we're hearing more and more see those right now who really speak out in their frustration I think they think Washington.
Isn't listening and they couldn't run their businesses the way Washington is running its business it wouldn't work that would still be -- -- I wonder if it has any impact time.
Because again the collective voices lot louder than what it three months ago it is it is we'll watch tonight our money would give -- the -- carried -- they want.
