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Former N.Y. Gov. George Pataki says policies are opposite of what America should be doing
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Today laying out an election year to do list during a visit Syria.
Albany new York state university in New York on the list -- and so -- -- -- developing Green energy.
My next guest says these ideas are not -- -- him former governor of New Yorkers Pataki with me now in studio good morning to you good morning Albany, New York got -- old stomping -- Yeah he's at the -- -- I think it's very ironic because it has now thousands of great.
Middle class high tech jobs.
And it's because we put in place policies that are the exact opposite of the policies the President Obama is advancing and has -- so is he taking credit for your ideas or not.
I like it I think is I think is looking at it and saying this is what we need to do an American he's absolutely right.
But the way to do it is by reversing the policies he's put in place.
We lowered the corporate tax rate we lowered the individual income tax rate we reduce the regulatory burden substantially.
And one of the things President Obama is there to talk about.
Is penalized -- corporations that they have a factory overseas it's the opposite of what America should be okay a couple things here here to do list three of them anyway limited tax incentives for shipping jobs overseas can give an accurate count on that -- Right now American companies have more than two trillion dollars overseas.
The company like idea is sitting on a hundred billion dollars in Europe.
And the size they're gonna open up a factory in Iowa -- -- let's say we don't want you to bring the rest back to open a factory in Albany, New York or open a factory in Ohio.
This is ridiculous and in fact Obama's own commission the Bowles Simpson commission.
Said we should adopt a tax code for corporations that's the same as virtually every other advanced country in the world.
Which would bring that money back and bring jobs -- to Xerox for you think about Microsoft and apple all these companies are -- Pollock ten trillion dollar number to help homeowners refinance their homes.
At a lower rate lower offer that I mean everybody is in favor that the interest rates right now are the lowest may have been in over fifty years.
And how the president expects the government.
To impact that directly is confusing to me but right now we do want homeowners to refinance we don't want them to do it if they can't afford to pay the mortgage that's that we got into this problem number three promote new tax credits for clean energy we've had tax cuts but that sound right does that sound -- -- we did fifteen years ago and the whole point.
Being that you incentivize the private sector and what this president has done is -- -- half.
Trillion dollars or -- billion dollars to Solyndra.
Pick winners and losers -- industries.
Instead of investing across the board in lowering taxes for the private sector it's what we did it works.
We have to do more is what I hear from business leaders all the time.
That is what we're hesitant to invest because were.
We're tired of the regulations were not sure which way health care goes in because of -- economy stalls as.
And that's essentially what we're seeing now do you buy that argument.
And if you do buy that argument does anything change over the next six months I think that -- exactly right the reason we have the worst recovery in -- the United States that's the worse than the recovery after the Great Depression.
-- because this president has imposed new costs on business through Obama -- new regulatory burdens through Dodd-Frank.
He promises he's going to raise income taxes on business leaders if he's reelected.
And he ignores his own commission's report.
That says that we have the highest corporate tax rates in the development world and -- -- -- lower than his policies are the reason we don't have more success with -- not like you're doing an enhanced and see the jobs number from last week.
There -- -- -- trying to change something especially in elections are won or been wounded they want to penalize companies they say you do something overseas and we're not going to let you have one of the parents.
We're going to give you here.
That in America it's the opposite -- we don't we said it's a competitive world we're gonna want you.
To be in a position reinvest all right we'll see what happens and -- -- and a governor thank you -- for attack the former governor York Atlanta studio is being marked.
