Representative Steve Cohen on American Autoworkers, Tax Rates, and Economic Recovery

Representative Steve Cohen (D-TN) shared his views on the American autoworkers, tax rates, and economic recovery during a November 23, 2010, interview on FOX News' "Your World" with Neil Cavuto. Cohen emphasized the importance of supporting American industries and creating jobs in the US, while also expressing his concerns about the national deficit.

Key Takeaways:

Representative Steve Cohen (D-TN) appeared on FOX News' "Your World" to discuss the American autoworkers, tax rates, and economic recovery.
Cohen stated that he is happy to see investment in his home state of Tennessee, but expressed his desire for American automobile companies like General Motors to succeed and bring jobs back to the US.
The congressman argued that American executives at General Motors keep money in the country, whereas foreign executives at Nissan send money to Japan.
Cohen emphasized the need to invest in America and make the middle class a key part of the economic recovery, citing the need to get out of the recession.
On tax rates, Cohen expressed his support for voting on the 98% tax rate, which he believes contributes less to the deficit than the proposed upper 2% tax rate.
Cohen also stated that he has always cared about the national deficit and is willing to make tough decisions on taxes and spending to address it.
The congressman questioned the sudden emphasis on deficit reduction by his party, citing the previous passage of 20 emergency measures that were not paid for.

Statistics:

Chrysler plant in Kokomo, Indiana, back on line and expected to employ American workers.
Nissan plant in Tennessee to hire a lot more American workers than the Chrysler plant.
Volkswagen factory in Chattanooga expected to employ about 2,000 American workers.
General Motors has American executives, whereas Nissan's executives work for a Japanese company.
Congressman Steve Cohen referred to the 700 billion dollar deficit increase over 10 years attributed to the upper 2% tax rate.
$200 billion in emergency measures passed by Congressman Cohen's party that did not have to be paid for.

Sources:

FOX News Channel "Your World" interview with Representative Steve Cohen (D-TN)
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