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I`ve said this when I pass the trade promotion authority law, which allows us to get trade agreements. If we write the rules of the global economy, we will succeed in the 21st century. But we have to write those rules, we have to engage, and I think the president [Donald Trump] said Trans-Pacific Partnership is not the way to do it.
I learned a good deal about economics, and about America, from the author of the Reagan tax reforms - the great Jack Kemp. What gave Jack that incredible enthusiasm was his belief in the possibilities of free people, in the power of free enterprise and strong communities to overcome poverty and despair. We need that same optimism right now.
I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.
I think its rather peculiar. It's not in keeping with our founding documents, our founding vision. But I'd guess you'd have to ask the Obama administration why they purged all this language from their platform. There sure is a lot of mention of government, so I guess I would put the onus on them to answer why they did all these purges of God.
Back in 2008, candidate Obama called a $10 trillion national debt 'unpatriotic' - serious talk from what looked to be a serious reformer. Yet by his own decisions, President Obama has added more debt than any other president before him, and more than all the troubled governments of Europe combined. One president, one term, $5 trillion in new debt.
The people of Wisconsin have been good to me. I've tried to live up to their trust. And now I ask those hardworking men and women, and millions like them across America, to join our cause and get this country working again. When Governor Romney asked me to join the ticket, I said, 'Let's get this done' - and that is exactly, what we're going to do.
We will work in conjunction with the administration, passing legislation, repealing and replacing Obamacare. When that actually takes place, will take some time, and the administration will help determine how we phase one out and replace and phase in its replacement. The reason we`re acting now is because Obamacare is collapsing under its own weight.
Having what I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.
You got to remember, S corporations pay one layer of tax, corporations pay two layers of tax. So we basically see equivalent, but here`s the point. The rest of the world, they tax their businesses at an average rate in the industrialized world of 23 percent. Our corporate is 35. Our top S corporate, small business rate is 44.6 effectively. This is killing us.
Film is the packaging of information in cans. Videotape is involved with the feeding back of process. Film rips information away from the situation for use elsewhere. Videotape can be fed back into a given situation and enrich experience. Film extends man as a spectator. Videotape extends man as a cybernator. Film imports information. Videotape implodes indigenous data.
We agree with that goal [to secure our border] and will be working with [Donald Trump] to finance on construction of the physical barrier, including the wall on the southern border. The law is already on the books. I voted for it, like, ten years ago, but nothing has gotten done and now we have a president who actually wants to secure the border and we are all in favor of doing that.
Yes, absolutely because we think there is a way to do this through earned legalization without rewarding people who have come in with undocumented status, illegally. We don't want to give them an advantage over those who came here legally and we think that there's a way to do this while still respecting the rule of law. It's clear that what the President is talking about does not do that.
Mike Pence and Mitch Daniels in Indiana, the woman who`s coming in to run the Medicaid program at the federal level, her name is Seema Verma, a brilliant young woman, she made Indiana - healthy Indiana work so that actually low-income people in Indiana, actually have real healthcare coverage that they get access to a doctor. Those kinds of reforms on the state level we want see happen in all 50 states.
That means we get other countries to play by our rules. You add up all the countries that we have trade agreements with, we have a surplus with them. You add up the countries we do not have a trade agreement with, that`s where a massive trade deficit comes from. So our goal is to get free trade agreements, and that means we get other countries to play and live by our rules so we can level the playing field.
We need to be honest with the American people about the problems and the challenges ahead and the solutions that are needed to fix them. And I would argue it's the president who has been missing in action on this front. He knows we have a debt crisis coming. All independent experts show us this. And so he hasn't even given us a budget yet. I mean, the law required that he was supposed to submit a budget the first Monday in February.
We offer a better way for dealing with persistent poverty in this country. A way that shows poor Americans the world beyond liberal ware housing and check-writing into the life everyone can find with opportunity and independence. The happiness of using your gifts and the dignity of having a job. And you know what? None of this will happen under Hillary Clinton. Only with Donald Trump and Mike Pence do we have a chance at a better way.
I offer a better way for America with ideas that actually work, a reformed tax code that rewards free enterprise instead of just enterprising lobbyists. A reformed health care system that operates by free choice instead of by force and doesn't leave you answering to cold, clueless bureaucrats. A commitment to a renewed commitment to building a 21st Century military and giving our veterans the care that they were promised and the care that they earned.
I don`t think Hillary Clinton is going to support any of the things that you stand for if you`re a Republican. I`m going to go fight for the principles and the solutions that I believe in and the candidate that I think is so much more likely to put those into law because I know Hillary Clinton won`t do that. It`s a binary choice. It is either Donald Trump or Hillary Clinton. You don`t get a third option. It`s one or the other. And I know where I want to go.
Under the Barack Obama rules, if you wanted to help the military, if you wanted a pay raise for the soldiers, if you wanted to buy new airplanes and new ships and more munitions, a dollar for that, you had to have a dollar domestic spending. We just broke that parity. That's the biggest victory we could have had: $25 billion year over year for our military, to begin to rebuild our military, without that kind of corresponding increase in domestic discretionary spending.
We know better than to think that Republicans can win only on the failures of Democrats. It still comes down to a contest of ideas, which is really good news, ladies and gentlemen, because when it's about ideas, the advantage goes to us. Against their dreary backdrop of arrogant bureaucracies, pointless mandates, reckless borrowing, willful retreat from the world and all that progressives have in store for us, the Republican Party stands as a great enduring alternative party.
Wages never seem to go up. The whole economy feels stuck, and millions of Americans, millions of Americans, middle-class security is now just a memory. Progressives like to talk like Barack Obama likes to talk forever about poverty in America. And if a talk did any good, we'd have overcome those deep problems long ago. This explains why under the most liberal president we have had so far, poverty in America is worse, especially for our fellow citizens who were promised better and who need it most.
Let the Democrates go on making its case for more government control over every aspect of our lives. More taxes to pay. More debt to carry. More rules to follow. More judges who just make it up as they go along. We Republicans, we are committed to a federal government that acts again as a servant accountable to the people, following the constitution, and venturing not one inch beyond the consent of the governed. We, we in this party, offer a better way for our country based on fundamentals that go back to the founding generation.