WASHINGTON—U.S. Senator Bill Cassidy, M.D. (R-LA), a member of the Senate Finance Committee, joined Charles Payne on Fox Business tonight to discuss the Senate’s Tax Cuts and Jobs Act, legislation that would cut taxes for working families in Louisiana.
Key excerpts of Cassidy’s comments are transcribed below.
CASSIDY: We are changing from a worldwide to a territorial tax system, in which case there could be up to $2.5 trillion dollars more invested in the United States. So we think there’s some other macro factors that are working in addition to the tax cuts, that, again, will elevate us from this 2.0 [percent] per year [economic] growth to something far more robust.