On his nationally syndicated radio talk show Tuesday, host Sean Hannity explained that he thinks one of the most fascinating developments since the election are all of the companies that are deciding they “like the sound of what Donald Trump is saying” about lowering the corporate tax rate.
“One of the most fascinating developments since the election are all of these companies that are deciding, ‘You know what, I like the sound of what Donald Trump is saying,’” said Sean Hannity, paraphrasing what he surmises these companies are thinking. “‘I like going from one of the highest corporate tax rates in the industrialized world to one of the lowest.’”
Below is a transcript of what Hannity said on his program:
“One of the most fascinating developments since the election are all of these companies that are deciding, ‘You know what, I like the sound of what Donald Trump is saying. I like going from one of the highest corporate tax rates in the industrialized world to one of the lowest.’
“And as a result of that, you know, you see all of these car companies now deciding – Ford and, I guess, what was the other one, Fiat-Chrysler, and of course, Carrier … And then we told you yesterday the story of this billionaire guy, what’s his name, from the Alibaba, Executive Chairman Jack Ma. He’s chatting with Trump, how to create one million U.S. jobs over five years. Trump is talking about allowing corporations to repatriate their money at a low 10 percent rate, not the 35 percent rate that we currently have. You know, you’ve got, literally everything’s on hold, and it’s having an impact in other ways.
“Now, Mexico is scared to death. Mexico now has seen three major companies in America now pledged to stop producing their cars, their air conditioners, their products in Mexico, and they’re taking those factories and they’re going to build in Michigan. They’re going to build in Detroit. They’re going to build in Wisconsin and Ohio and Pennsylvania.
“And then, once you open up energy independence on top of that there’s no telling how big this could get.
“So now, immediately, what did Donald Trump say? I played it last night on TV. I said, Donald Trump said [paraphrasing], ‘We’re going to appropriate money for the wall.’ But I asked him during the campaign, I said, ‘Well you don’t expect Mexico to write a check to you? They’re not going to pay for the wall.’ He said [paraphrasing], ‘No, they’re not going to pay for it that way. They’re going to pay for it this way.’
“And then he talked about renegotiating NAFTA and other trade deals. And he talked about how much money we could save. And by incentivizing companies to stay, how that will increase our tax base, money coming into the country, putting more people to work, less people dependent on government and it just works. It’s called the free market.
“So Mexico’s new foreign relations secretary, he wants to start talks with Donald Trump immediately – about NAFTA and about the wall. And he wants to talk about the wall because he sees all of these companies now being incentivized with the hope that our federal government is going to be a partner.
“You know, the guy from Carrier, I don’t think he’s going to have a problem if there’s a bureaucratic regulation that’s killing the air conditioning business to get on the phone, directly with the president of the United States and say, ‘Hey, remember me? I’m the guy that made a deal with you, and I said I’m not going to send those jobs to Mexico. I need your help because this is becoming cost-prohibitive what they’re doing to the economy.’
“And then, hence jobs will be able to remain here.”