Mark Warner: I Wish the President Had Not Taken User Fees Off the Table

HUNT The Biden administration ░░░░░░░░ planning to try and ░░░░░░░░ for most of this ░░░░░░░░ raising the corporate tax ░░░░░░░░ to 28 percent and ░░░░░░░░ a separate situation increasing ░░░░░░░░ for individuals that make ░░░░░░░░ than 400 000 a ░░░░░░░░ You are a businessman ░░░░░░░░ have sometimes been frustrated ░░░░░░░░ the way the Senate ░░░░░░░░ because you know the ░░░░░░░░ the business world operates ░░░░░░░░ you really have an ░░░░░░░░ of the kinds of ░░░░░░░░ that these kinds of ░░░░░░░░ could have Are you ░░░░░░░░ personally of raising the ░░░░░░░░ tax rate to 28 ░░░░░░░░ WARNER Let me before ░░░░░░░░ answer that to say ░░░░░░░░ wish the president had ░░░░░░░░ taken user fees off ░░░░░░░░ table whether it be ░░░░░░░░ gas tax or whether ░░░░░░░░ be vehicle miles traveled ░░░░░░░░ think user fees make ░░░░░░░░ and they need some ░░░░░░░░ support On on business ░░░░░░░░ I don t we ░░░░░░░░ gone from being kind ░░░░░░░░ middle and high end ░░░░░░░░ business taxes compared to ░░░░░░░░ nations After the 2017 ░░░░░░░░ tax giveaway we are ░░░░░░░░ lowest taxed businesses in ░░░░░░░░ world Out of the ░░░░░░░░ industrial nations in the ░░░░░░░░ we come in dead ░░░░░░░░ We raise about 1 ░░░░░░░░ of our GDP in ░░░░░░░░ taxes Other nations like ░░░░░░░░ like Japan like Britain ░░░░░░░░ about 3 percent of ░░░░░░░░ their GDP in business ░░░░░░░░ So I am in ░░░░░░░░ of raising those business ░░░░░░░░ not to make us ░░░░░░░░ highest I probably wouldn ░░░░░░░░ go as far as ░░░░░░░░ percent on the corporate ░░░░░░░░ I think there is ░░░░░░░░ place that would put ░░░░░░░░ more in the middle ░░░░░░░░ OK WARNER and I ░░░░░░░░ working with people like ░░░░░░░░ Wyden and Sherrod Brown ░░░░░░░░ who are on may ░░░░░░░░ more progressive than I ░░░░░░░░ are looking at a ░░░░░░░░ complicated portion of the ░░░░░░░░ code international corporations business ░░░░░░░░ or frankly in 2017 ░░░░░░░░ the Republicans were well ░░░░░░░░ but the end of ░░░░░░░░ with the regime where ░░░░░░░░ actually incensed companies to ░░░░░░░░ factories and research and ░░░░░░░░ abroad That s crazy ░░░░░░░░ So taking that and ░░░░░░░░ and thank you for ░░░░░░░░ of newsy points there ░░░░░░░░ these taxes Do you ░░░░░░░░ this needs to be ░░░░░░░░ for Are you concerned ░░░░░░░░ The National debt I ░░░░░░░░ these these trillion dollar ░░░░░░░░ tags are very high ░░░░░░░░ Well lets if if ░░░░░░░░ had to look at ░░░░░░░░ of the things I ░░░░░░░░ done in the Senate ░░░░░░░░ I ve been horribly ░░░░░░░░ at it is the ░░░░░░░░ of debt and deficit ░░░░░░░░ mean I was a ░░░░░░░░ fan of the Simpson ░░░░░░░░ plan I think our ░░░░░░░░ was teetering on the ░░░░░░░░ when we had 17 ░░░░░░░░ in debt We re ░░░░░░░░ we at 29 trillion ░░░░░░░░ debt Neither political party ░░░░░░░░ any credibility on this ░░░░░░░░ And the only reason ░░░░░░░░ have not had kind ░░░░░░░░ catastrophes come forward that ░░░░░░░░ expected was because we ░░░░░░░░ had record low interest ░░░░░░░░ If interest rates were ░░░░░░░░ go up 1 percent ░░░░░░░░ would be adding about ░░░░░░░░ billion a year in ░░░░░░░░ interest payments and that ░░░░░░░░ come before we pay ░░░░░░░░ military before we pay ░░░░░░░░ security before we pay ░░░░░░░░ HUNT All right WARNER ░░░░░░░░ long term is that ░░░░░░░░ issue Absolutely Short term ░░░░░░░░ we pay for this ░░░░░░░░ much as we can ░░░░░░░░ All right WARNER But ░░░░░░░░ we do pay for ░░░░░░░░ over a longer period ░░░░░░░░ time than the spend ░░░░░░░░ that ought to be ░░░░░░░░ of the debate HUNT ░░░░░░░░ right Senator Mark Warner ░░░░░░░░ very much for being ░░░░░░░░ We really appreciate your ░░░░░░░░ sir.”
WARNER: “ Thanks, Kasie.”