00:00Dr. Murphy.
00:02Thank you, Secretary, for coming, and I apologize for the bellicose manner in which you're being treated.
00:06I think if we all want respectful parlay and we actually want to learn things, we do it respectfully.
00:13You know, I'm just going to take a side.
00:15I am a physician in health care.
00:17I always want everybody to be able to access health care.
00:20But if I can say three words, illegal, ineligible, and able.
00:25So let's go to the illegal part first.
00:27The last party let in anywhere between 13 and 20 million people in this country illegally.
00:33And now they're placing their health care burden on the rest of the American country.
00:38So let's talk about the illegals providing health care for illegals.
00:42By the way, those aren't American citizens.
00:44Two, ineligible.
00:45Last administration did not allow states to audit their Medicaid rules.
00:49Guess what you're supposed to do?
00:50You're supposed to say, hey, you're still fit eligibility.
00:53You're an impoverished child.
00:55You're a pregnant woman.
00:56You're a disabled person.
00:59You're an impoverished senior citizen.
01:01You are eligible.
01:02But if you're not, you are not eligible for Medicaid.
01:05Period.
01:06Able-bodied.
01:07Who can be against able-bodied individuals working to get health care?
01:13I mean, my gosh.
01:14So I'm hearing this ridiculous statistic of 16 million people who should not be eligible, who are not eligible.
01:20It is just embarrassing every time they bring this thing up.
01:25So anyway, you know, I do want to get back to the fact that our nation now, and this is blamed on Republicans and Democrats, has gone far too long as far as where our economy is.
01:36We've become a service economy.
01:38We've become a government employment economy.
01:41We make some things.
01:42We assemble other things.
01:44But we don't manufacture things.
01:46We've talked about this.
01:47I look at this at what's happened in North Carolina, the drying up of cities, especially in the East.
01:52I want to talk a little bit about tariffs, and this is a difficult discussion.
01:54I'm hearing more and more from manufacturers in North Carolina that the tariffs in the short term are harming them,
02:02specifically tariffs on inputs used in manufacturing, driving up costs, and making products uncompetitive when exporting to third-country markets.
02:11These export markets are highly competitive, and U.S. companies have to compete with the EU, with China, other countries,
02:17to be able to offer their products cheaper, who can offer their products cheaper than U.S.
02:21I really just would like to know how we're going to navigate this.
02:25I really believe our tariff policy was necessary.
02:28You can only affect economic policy by one of two ways, militarily, which no one wants, or by tariffs.
02:33And to get our country reversed back on a path it should be, we have to do this.
02:38But help me understand how the U.S. is going to help our companies in this difficult time remain their competitiveness.
02:43Well, Congressman, as I discussed earlier, the most powerful thing we're going to do is give them great certainty and permanence in this tax bill.
02:53We will also allow 100% expensing, both for the new equipment and for factory structures, and that will provide a substantial savings and impetus.
03:08So I believe that that will aid in the manufacturing here.
03:18We are also working with industry.
03:23And, again, it is across a wide range that we will see some companies will make less, some will make more.
03:34I appreciate that.
03:36You know, I love to see our growth in our manufacturing.
03:40During the last administration, we had three to seven million individuals who are able-bodied adults of working age come off of the workforce.
03:48We need workers.
03:48And guess what, some of those people will come off Medicaid and actually get insurance by their jobs.
03:53So, again, just a little bit of truth.
03:55Real quickly.
03:56And, Congressman, as I said earlier, that we have approximately 9% of American, of the workforce that is in manufacturing.
04:09Historically, real wage increases accrue to manufacturing workers faster than lower-end service economy workers.
04:18So I think we could see real wage growth there also.
04:22Right.
04:22Facts matter.
04:23Quickly, I'd like to talk to you about transshipment.
04:26Transshipment by Chinese companies have undermined President Trump's Section 301 tariffs, and the problem seems to be getting worse.
04:32Can you elaborate by any chance if any discussion with China was done about transshipment, or is that in order?
04:38Is that going to be discussed?
04:39Well, we, as you can imagine, they pushed back on the de minimis exemption, which we have gotten rid of, and we are going to, we are tariffing all the de minimis imports.
04:55We are going to set a level, and it will be a global level, not only for Chinese imports, although China floods the zone, because that is their business model, is to export their deflationary impulse, which is unacceptable to the rest of the world, especially for U.S. citizens.
05:14So we are going to set a global level for these de minimis imports.
05:21It's nice to see an administration actually do something on trade.
05:24We did nothing in the last four years, and I'm sorry if it hurts people's feelings that they've tariffed against us and we're retaliating, trying to do things better for the American people.
05:32Support what you do, and thank you very much.
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