Mark interviews Economist Steve Moore
The Mark Simone Show
iHeartRadio and Mark Simone
4.3 • 695 Ratings
🗓️ 2 November 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the Mark Simone Show. Mr. New York. On 710 W.O.R. Well, we bring you the smartest people on Earth. Steve Moore, the great economist. You should get his book, GovZillah. It's free. It'll come right to your email. Just go sign up. Committee to UnleashProsperity.com. Committee to Unleash Prosperity.com. Steve to Unleashprosperity.com. Steve Moore, how you doing? |
| 0:23.9 | Hey, Mark, I am doing very well. Thanks for having me on. Hey, there was this big study that was just |
| 0:29.2 | completed about the Trump corporate tax cuts. You know, they called it corporate welfare. But the |
| 0:34.5 | study shows it was great for everything, revenue, economy, growth. |
| 0:39.0 | Tell us about that. |
| 0:41.0 | Yeah, so, you know, we, Larry Cudlow and I and Art Laffer and others, you know, persuaded Trump |
| 0:48.4 | to cut the business tax rate because we want American businesses to be number one and to hire more workers |
| 0:54.9 | and invest more. And so we, you know, before Trump came into office, Mark, you know this, we had the |
| 1:00.3 | highest, basically the highest corporate business tax rate in the world, you know, which is not a very |
| 1:05.1 | good way to put America first, right? And so all these other countries were stealing our jobs and |
| 1:09.1 | our factories in for a lot of reasons, |
| 1:11.8 | but one reason was they could save money on their taxes. |
| 1:14.9 | So, you know, Trump looked at this and said, yeah, this is crazy. |
| 1:17.5 | Let's try to have one of the lowest rates, not one of the highest rates. |
| 1:21.5 | And so we did cut the tax rate. |
| 1:23.7 | And what happened was all of a sudden all this money from abroad, you know, that was in everywhere from Ireland to, you know, to European countries and so on and in the Bahamas. |
| 1:34.6 | All this money came back to the United States. |
| 1:36.2 | We created a lot of jobs. |
| 1:37.5 | And in fact, we got an increase in the revenues because, you know, you have more businesses here located here paying taxes rather than, |
| 1:44.7 | you know, putting their factories in Mexico and China and other countries. So it was a huge success. |
| 1:50.1 | And incidentally, I have a piece in the Wall Street Journal today. I don't know if you've seen |
| 1:54.5 | it yet, Mark, that talks about Ireland because Ireland has the lowest tax rate in the world |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from iHeartRadio and Mark Simone, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of iHeartRadio and Mark Simone and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

