Perdue on tax bill: Trump’s ‘agenda is starting to work’

U.S. Sen. David Perdue (R-GA) speaks during a news conference on Capitol Hill earlier this month. (Photo by Alex Wong/Getty Images)

U.S. Sen. David Perdue said Monday he would insist on a final version of the tax overhaul that sets the corporate tax rate at 20 percent as House and Senate negotiators prepare to hash out their differences over the $1.5 trillion deal.

“We’ve got to get the corporate rate to where we’re going to be competitive. At 20 percent, we’re already beginning to be behind,” Perdue said after an event with the Georgia Public Policy Foundation.

Asked if he considered the 20 percent tax rate a must for his vote, Perdue said, “I think it is.”

“The U.K. goes to 17 percent next year. Eighteen is the average of Asia already. Europe is in the low 20s,” he added. “And you watch – when they woke up on Saturday morning, they started having meetings about how to get it down.”

Perdue spoke days after the Senate approved the tax bill early Saturday that would transform the nation’s tax code by cutting individual rates and slashing the corporate tax rate from 35 percent to 20 percent beginning in 2019.

Senate and House Republicans will soon head into a new phase of negotiations to reconcile different version of the legislation. President Donald Trump had also insisted on the 20 percent corporate tax rate, though he told reporters Saturday he would consider setting the rate at 22 percent.

Perdue downplayed an official analysis that showed the proposal would add $1 trillion to the federal deficits even after accounting for economic growth. He compared to the tax cut bill to a business owner investing in equipment that would pay dividends in the long run.

“I’m ecstatic today that we passed this bill. It will be so stimulative,” said Perdue, adding: “The rest of the world woke up and said, ‘Oh my God, America is back in play.’”

And Perdue, one of Trump’s most outspoken supporters in the U.S. Senate, said the measure also sent a different signal to voters.

“Whether you like the president’s tweets or not,” he said, “this agenda is starting to work.”

Reader Comments 0

38 comments
HELLNOMARTA
HELLNOMARTA

Perdue is a greedy, corrupt perv supporter.

Christine Swint
Christine Swint

The Joint Tax Committee estimates that this tax cut bill will at 1 trillion dollars to the deficit and will NOT grow the economy to the extent that Republicans are banking on. So how will they pay for tax cuts to billionaires? By cutting Social Security and Medicare. Republicans are giving corporate welfare to the donor class. Horrendous. 

Wagner
Wagner

So how is it that the idiots can continue the con us? Maybe we're bigger idiots who send them to Washington

Wagner
Wagner

Republican agenda: Step 1. Pass this bill, and pat each other on the back. Step 2. Complain how AWFUL the deficit they created is. Step 3. Take reducing the deficit out of the Hydes of the American middle class by cutting social security and Medicare. At least Rubio is being honest about republican agenda. What a deal as we make America great again......for whom?

SSINative
SSINative

The National Debt will choke the economy after these bozos are dead and gone.  Why is debt acceptable now when it was anathema for the past eight years??  Hypocrisy and idiocy rule the day.

Wagner
Wagner

I agree. What really pisses me off is that those bozos and current may very well outlive me.

chevyman
chevyman

Corporations don’t pay taxes. They pass that on to their customers. We the consumers pay the tax. And Purdue is an idiot just like his crooked cousin. Remember when Sonny had a bill passed in Georgia that saved him a hundred thousand dollars in taxes. The rich just find anyway they can to take the tax burden off of themselves.

cenobuhs
cenobuhs

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Buttercup23
Buttercup23

Another tax scam on the 98%, the only ones benefitting from this horror of a bill is the top 1%.   The Republicans who voted for it, they're coffers will now be overflowing thanks to those billionaires who are the ones who are going to benefit.  Robbing from the Middle Class and Poor to give to the already obscenely wealthy!  Outrageous!  Oh, and Seniors, this horror of a bill cuts Medicare by $400 BILLION, how do you like those sour apples.  Greed begets more greed, the greedy won't be happy until they have everything you own, even your health!  Watch them!

Retired/Soldier
Retired/Soldier

@Buttercup23 Congrats, we see you are on the distribution for talking points from Nancy and Chuckie. Can't you come up with anything original? 


Please explain how Medicare is being cut 400 billion. Awaiting

Shar1
Shar1

David Perdue spent 6 years obstructing Obama and screaming about deficits.  He's now voted for a gigantic deficit increase that economists across the board say is not needed and will not stimulate the economy - even the CEOs that Mnuchin polled didn't indicate they'd invest the money, raise wages or increase hires.  It's all going to the rich, all but the crumbs which are being used to bribe the politicians.  The people paying for it are the middle and lower class, whose futures just got hijacked, whose kids can't afford graduate school, and who are being consigned to the loss of healthcare, sickness, bankruptcy and death.  David Perdue and Johnny Isakson can't know what is in the bill - they didn't have time to read it.  But they were told by McConnell and the 'donors' to vote for it, so they did, refusing to face their own constituents or read the accepted financial reports.

It's a disastrous bill, catastrophic in affect, but it will pour money into Perdue's own pockets so why should he care that it will eviscerate nearly everyone else?  He'll get money from donors and he'll benefit from the indefensible continuation of carried interest and hedge fund loopholes, the pass through provisions - ALL of which Trump said he'd get rid of, and ALL of which were carefully protected, along with new exemptions for private jet maintenance and private school tuition.  Perdue's kids will get all of his estate.

Perdue and Isakson need to be prosecuted for failure to provide honest public service, thrown out of the Senate and put in jail.

jezel-dog / Coach - me
jezel-dog / Coach - me

And maybe be signed into law ...by a Russian plant...who has investments in lord knows what

Truth is stranger than fiction

Shar1
Shar1

@Retired/Soldier @Shar1 Sure, because you cannot argue the facts of his viciousness.  He's an entitled rich guy who has offshored money, used LLCs to avoid taxation and who has used his position for personal financial gain.  He whined and obstructed Obama and shows his hypocrisy by voting for a useless, needless, pointless giveaway to the very people who have benefitted the most over the last 20 years, gleefully condemning to death his own constituents without turning a hair.  He's a liar, a tax cheat, stupid and utterly corrupt.

Retired/Soldier
Retired/Soldier

@Shar1 @Retired/Soldier I have argued the facts till I am blue in the face. You, you don't even know how long your villain has been in the Senate.


Botom line is neither you nor me know what the final bill will be. We'll know that once the Conference Committee has reported. The rest is mere speculation. 

Wagner
Wagner

He doesn't have to have been in the senate to complain about Obamacare and the national debt

NeboSuki1
NeboSuki1

In an uncharacteristically HONEST comment about the Republican base..."Iowa Republican Sen. Chuck Grassley, said that ending the estate tax is about rewarding people who invest over those who spend everything they earn on "booze or women or movies."

Shar1
Shar1

@NeboSuki1 No, trust fund babies are notoriously louche and irresponsible with money.  The people who may have invested were their parents.  Grassley is utterly ignorant of his constituents' actual financial situations, but very aware that the trust funders are the ones who pay him bribes.

Retired/Soldier
Retired/Soldier

@NeboSuki1 In other words rewarding those who do the right thing. Now I understand why liberals are so opposed to the repeal of the estate tax. 

Shar1
Shar1

@Retired/Soldier @Shar1 @NeboSuki1 In fact, tasteless one, I will personally benefit from this very handsomely.  That doesn't mean that I don't know perfectly well that it's immoral and bad for the country, and that scum like Grassley and Perdue are on the take.

Throwing blanket contempt on your constituents simply because they are not wealthy and therefore must waste money on vice, totally ignoring the facts of the economic wasteland you have personally worked to create, speaks of a disgusting, vicious mind and a person who is not even pretending to be qualified to represent the non-rich people in his state.

Heath_In_Johns_Creek
Heath_In_Johns_Creek

Almost every credible economist has stated that this tax cut will do almost nothing to stimulate the economy, but Perdue concludes that it will pay for itself. History has proven time and again that supply side economics do not work. Didn't work for Reagan or Bush. Didn't work in Kansas either.

Retired/Soldier
Retired/Soldier

@Heath_In_Johns_Creek Well, just the mere idea of a tax cut has already done wonders for the economy. 3.3 GNP last quarter, almost full employment. Now I wonder what the actual tax cut will do?

ProudACLU
ProudACLU

If you think civilization turning back to evolution rather than address reality, then this plan makes sense.

SouthernHope5
SouthernHope5

He has no agenda.  He's making it up as he goes. 

NeboSuki1
NeboSuki1

Sonny Perdue is a stupid POS!!!  The average corporate tax rate is actually 18.1% after deductions and incentives.  The LIES from these mooks are absolutely astounding!!! 

JimAB
JimAB

Then it’s a tax hike. You liberals ought to be ecstatic!

laneyw
laneyw

Funny how the US debt don't matter now we have a sorry a@@ republican president

Tealiban_Party
Tealiban_Party

No it’s a give-away to the 1% and corporations to the tune of $1.5 TRILLION in more debt.