We want to transition from a worldwide system, where we allow companies to defer and not pay taxes and leave trillions of dollars offshore, to a territorial system that is competitive.
Mnuchin discusses plans to reform the tax system to bring back offshore capital.
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I very much agree with you and those other experts that more fiscal response is needed.
Congress should have the ability to control borrowing and have the control of spending.
If the tax were put on U.S. Government securities, it would clearly just raise the cost of the government borrowing.