WEBVTT

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LONG STANDING DELEGATION
TRADITION OF VERY BROAD

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TRADITION OF VERY BROAD
DELEGATIONS OF THE FOREIGN

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DELEGATIONS OF THE FOREIGN
COMMERCE POWER GOING BACK TO

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COMMERCE POWER GOING BACK TO
THE FOUNDING, GOING BACK TO.

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THE FOUNDING, GOING BACK TO.
>> FOREIGN COMMERCE. BUT, I

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>> FOREIGN COMMERCE. BUT, I
MEAN, AND I THINK THIS IS A

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MEAN, AND I THINK THIS IS A
QUESTION FOR THE OTHER SIDE AS

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QUESTION FOR THE OTHER SIDE AS
WELL. IT’S TWO TWO FACING. YES,

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WELL. IT’S TWO TWO FACING. YES,
OF COURSE, TARIFFS IN DEALINGS

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OF COURSE, TARIFFS IN DEALINGS
WITH FOREIGN POWERS. BUT THE

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WITH FOREIGN POWERS. BUT THE
VEHICLE IS IMPOSITION OF TAXES

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VEHICLE IS IMPOSITION OF TAXES
ON ON AMERICANS. AND THAT HAS

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ON ON AMERICANS. AND THAT HAS
ALWAYS BEEN THE CORE POWER OF

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ALWAYS BEEN THE CORE POWER OF
CONGRESS. SO TO HAVE THE

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CONGRESS. SO TO HAVE THE
PRESIDENT’S FOREIGN AFFAIRS

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PRESIDENT’S FOREIGN AFFAIRS
POWER TRUMP THAT THAT. BASIC

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POWER TRUMP THAT THAT. BASIC
POWER FOR CONGRESS SEEMS TO ME

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POWER FOR CONGRESS SEEMS TO ME
TO KIND OF AT LEAST NEUTRALIZE

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TO KIND OF AT LEAST NEUTRALIZE
BETWEEN THE TWO POWERS, THE

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BETWEEN THE TWO POWERS, THE
EXECUTIVE POWER AND THE

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EXECUTIVE POWER AND THE
LEGISLATIVE POWER.

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LEGISLATIVE POWER.
>> LET ME SAY TWO THINGS IN

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>> LET ME SAY TWO THINGS IN
RESPONSE TO THAT. FIRST, THE

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RESPONSE TO THAT. FIRST, THE
NOTION THAT THESE ARE THE TAXES

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NOTION THAT THESE ARE THE TAXES
ARE ALL BORNE BY AMERICANS AND

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ARE ALL BORNE BY AMERICANS AND
ARE NOT BORNE BY FOREIGN

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ARE NOT BORNE BY FOREIGN
FOREIGN PRODUCERS WHO ARE WHOSE

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FOREIGN PRODUCERS WHO ARE WHOSE
GOODS ARE IMPORTED. THIS IS

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GOODS ARE IMPORTED. THIS IS
EMPIRICALLY THAT’S NOT THERE’S

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EMPIRICALLY THAT’S NOT THERE’S
NO BASIS FOR THAT IN THE RECORD.

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NO BASIS FOR THAT IN THE RECORD.
IT’S ACTUALLY A MIX.

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IT’S ACTUALLY A MIX.
>> WHO PAYS THE. TARIFFS IF A

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>> WHO PAYS THE. TARIFFS IF A
TARIFF IS IMPOSED ON

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TARIFF IS IMPOSED ON
AUTOMOBILES, WHO PAYS THEM?

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AUTOMOBILES, WHO PAYS THEM?
>> THERE’S A TYPICALLY THERE’D

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>> THERE’S A TYPICALLY THERE’D
BE A REGARDLESS OF WHO THE

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BE A REGARDLESS OF WHO THE
IMPORTER OF RECORD IS, THERE’D

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IMPORTER OF RECORD IS, THERE’D
BE A CONTRACT THAT WOULD GO

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BE A CONTRACT THAT WOULD GO
ALONG THE SORT OF LINE OF

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ALONG THE SORT OF LINE OF
TRANSFER THAT WOULD ALLOCATE

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TRANSFER THAT WOULD ALLOCATE
THE THE TARIFF, AND THERE’D BE

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THE THE TARIFF, AND THERE’D BE
DIFFERENT. YOU KNOW, SOMETIMES

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DIFFERENT. YOU KNOW, SOMETIMES
THE FOREIGN, THE FOREIGN

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THE FOREIGN, THE FOREIGN
PRODUCER WOULD PAY THEM,

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PRODUCER WOULD PAY THEM,
SOMETIMES THE IMPORTER WOULD

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SOMETIMES THE IMPORTER WOULD
BEAR THE COST. THE IMPORTER

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BEAR THE COST. THE IMPORTER
COULD BE AN AMERICAN, COULD BE

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COULD BE AN AMERICAN, COULD BE
A FOREIGN COMPANY. A LOT OF

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A FOREIGN COMPANY. A LOT OF
TIMES IT’S A WHOLLY OWNED

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TIMES IT’S A WHOLLY OWNED
AMERICAN SUBSIDIARY OF A

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AMERICAN SUBSIDIARY OF A
FOREIGN CORPORATION. SO IT GETS

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FOREIGN CORPORATION. SO IT GETS
ALLOCATED. THE EMPIRICAL

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ALLOCATED. THE EMPIRICAL
ESTIMATES RANGE FROM LIKE 30%

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ESTIMATES RANGE FROM LIKE 30%
TO 80% OF LIKE HOW MUCH IS

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TO 80% OF LIKE HOW MUCH IS
BORNE BY.

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BORNE BY.
>> I MEAN, IT’S BEEN SUGGESTED

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>> I MEAN, IT’S BEEN SUGGESTED
THAT THE TARIFFS ARE

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THAT THE TARIFFS ARE
RESPONSIBLE FOR SIGNIFICANT

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RESPONSIBLE FOR SIGNIFICANT
REDUCTION IN OUR DEFICIT. I

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REDUCTION IN OUR DEFICIT. I
WOULD SAY THAT’S RAISING

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WOULD SAY THAT’S RAISING
REVENUE DOMESTICALLY.

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REVENUE DOMESTICALLY.
>> THERE CERTAINLY IS AN

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>> THERE CERTAINLY IS AN
INCIDENTAL AND COLLATERAL

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INCIDENTAL AND COLLATERAL
EFFECT OF THE TARIFFS THAT THEY

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EFFECT OF THE TARIFFS THAT THEY
DO RAISE REVENUE. BUT IT’S VERY

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DO RAISE REVENUE. BUT IT’S VERY
IMPORTANT THAT THEY ARE

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IMPORTANT THAT THEY ARE
REGULATORY TARIFFS, NOT REVENUE

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REGULATORY TARIFFS, NOT REVENUE
RAISING TARIFFS. AND THE WAY

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RAISING TARIFFS. AND THE WAY
YOU CAN SEE THIS, I THINK IF

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YOU CAN SEE THIS, I THINK IF
YOU LOOK AT THIS POLICY, THIS

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YOU LOOK AT THIS POLICY, THIS
POLICY IS BY FAR THE MOST

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POLICY IS BY FAR THE MOST
EFFECTIVE. IF NOBODY EVER PAYS

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EFFECTIVE. IF NOBODY EVER PAYS
THE TARIFFS I SAY TWO POLICIES.

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THE TARIFFS I SAY TWO POLICIES.
RIGHT. SO IF YOU LOOK AT THE

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RIGHT. SO IF YOU LOOK AT THE
TRADE DEFICIT EMERGENCY, IF

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TRADE DEFICIT EMERGENCY, IF
NOBODY EVER PAYS THE TARIFFS

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NOBODY EVER PAYS THE TARIFFS
AND INSTEAD AMERICANS DIRECT

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AND INSTEAD AMERICANS DIRECT
THEIR CONSUMPTION TOWARDS

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THEIR CONSUMPTION TOWARDS
AMERICAN PRODUCERS AND

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AMERICAN PRODUCERS AND
STIMULATE THE REBUILDING OF OUR

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STIMULATE THE REBUILDING OF OUR
HOLLOWED OUT MANUFACTURING BASE,

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HOLLOWED OUT MANUFACTURING BASE,
THEN THE POLICY IS BY FAR THE

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THEN THE POLICY IS BY FAR THE
MOST EFFECTIVE. SO A TARIFF

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MOST EFFECTIVE. SO A TARIFF
REGULATORY TARIFF THAT.

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REGULATORY TARIFF THAT.
>> WHY NOT DO WHAT THE STATUTE

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>> WHY NOT DO WHAT THE STATUTE
PERMITS, BAR IMPORTATION OF

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PERMITS, BAR IMPORTATION OF
PRODUCTS ALTOGETHER? THAT WOULD

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PRODUCTS ALTOGETHER? THAT WOULD
BE THE MOST EFFECTIVE WAY TO DO

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BE THE MOST EFFECTIVE WAY TO DO
IT.

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IT.
>> THE QUESTION DO.

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>> THE QUESTION DO.
>> YOU FOLLOW THE STATUTE? THE

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>> YOU FOLLOW THE STATUTE? THE
STATUTE SAYS THE PRESIDENT CAN

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STATUTE SAYS THE PRESIDENT CAN
DO THAT. WHAT IT DOESN’T SAY IS

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DO THAT. WHAT IT DOESN’T SAY IS
THE PRESIDENT CAN RAISE REVENUE.

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THE PRESIDENT CAN RAISE REVENUE.
>> WHAT IT SAYS HE CAN’T

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>> WHAT IT SAYS HE CAN’T
REGULATE IMPORTATION AND GO.

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REGULATE IMPORTATION AND GO.
>> REGULATE.

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>> REGULATE.
>> HUNDREDS OF YEARS THE WAY.

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>> HUNDREDS OF YEARS THE WAY.
>> YOU WROTE CAUSING IT,

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>> YOU WROTE CAUSING IT,
SUBJECTING SOME COUNTRIES AND

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SUBJECTING SOME COUNTRIES AND
NOT OTHERS TO IMPORTATION BANS.

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NOT OTHERS TO IMPORTATION BANS.
THERE’S A LOT OF VERBS, BUT

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THERE’S A LOT OF VERBS, BUT
NONE OF THEM INCLUDE GENERATING

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NONE OF THEM INCLUDE GENERATING
REVENUE AS A SIDE EFFECT OR

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REVENUE AS A SIDE EFFECT OR
DIRECTLY.

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DIRECTLY.
>> LET ME LET ME ADDRESS THAT

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>> LET ME LET ME ADDRESS THAT
VERB POINT, IF I MAY, BECAUSE

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VERB POINT, IF I MAY, BECAUSE
THINK ABOUT THE CANONICAL

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THINK ABOUT THE CANONICAL
EXAMPLE A STATUTE THAT REFERS

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EXAMPLE A STATUTE THAT REFERS
TO A LIST OF SWORDS, KNIVES,

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TO A LIST OF SWORDS, KNIVES,
DAGGERS, DIRKS, AND PIKES.

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DAGGERS, DIRKS, AND PIKES.
THERE YOU LOOK AT THOSE THAT

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THERE YOU LOOK AT THOSE THAT
LIST OF THINGS AND YOU SAY

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LIST OF THINGS AND YOU SAY
THOSE ARE ALL WEAPONS.

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THOSE ARE ALL WEAPONS.
THEREFORE, A PIKE IS A SPEAR,

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THEREFORE, A PIKE IS A SPEAR,
NOT NOT A FISH IN THAT

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NOT NOT A FISH IN THAT
PARTICULAR CONTEXT. NOW LOOK AT

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PARTICULAR CONTEXT. NOW LOOK AT
THIS LIST OF VERBS BLOCK,

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THIS LIST OF VERBS BLOCK,
PROHIBIT, COMPEL, DIRECT AND SO

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PROHIBIT, COMPEL, DIRECT AND SO
FORTH. YOU DON’T LOOK AT THAT

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FORTH. YOU DON’T LOOK AT THAT
NATURALLY AS AN ORDINARY READER

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NATURALLY AS AN ORDINARY READER
AND SAY, OH, LOOK, THEY’RE ALL

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AND SAY, OH, LOOK, THEY’RE ALL
NOT REVENUE RAISING. WHAT YOU

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NOT REVENUE RAISING. WHAT YOU
SAY IS THEY’RE ALL VERY BROAD,

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SAY IS THEY’RE ALL VERY BROAD,
POWERFUL, YOU KNOW, GENERAL

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POWERFUL, YOU KNOW, GENERAL
ACTIONS.

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ACTIONS.
>> GENERAL, THE VERBS THAT ARE

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>> GENERAL, THE VERBS THAT ARE
IN THE STATUTE ARE ACTUALLY

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IN THE STATUTE ARE ACTUALLY
DOING SOMETHING. I MEAN,

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DOING SOMETHING. I MEAN,
THEY’RE IN THE STATUTE FOR A

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THEY’RE IN THE STATUTE FOR A
REASON. AND AS I UNDERSTAND IT,

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REASON. AND AS I UNDERSTAND IT,
CONGRESS ACTUALLY EXPLAINED TO

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CONGRESS ACTUALLY EXPLAINED TO
US IN ITS SENATE REPORT AND

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US IN ITS SENATE REPORT AND
HOUSE REPORT WHEN IT ENACTED

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HOUSE REPORT WHEN IT ENACTED
THE 1941 AMENDMENTS TO WHAT IT

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THE 1941 AMENDMENTS TO WHAT IT
WAS DOING. IT SAID THAT WHAT WE

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WAS DOING. IT SAID THAT WHAT WE
ARE DOING IS AUTHORIZING THE

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ARE DOING IS AUTHORIZING THE
PRESIDENT, THE SENATE REPORT,

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PRESIDENT, THE SENATE REPORT,
QUOTE, TO CONTROL OR FREEZE

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QUOTE, TO CONTROL OR FREEZE
PROPERTY TRANSACTIONS WHERE A

00:03:49.299 --> 00:03:50.532
PROPERTY TRANSACTIONS WHERE A
FOREIGN INTEREST IS INVOLVED.

00:03:50.566 --> 00:03:52.590
FOREIGN INTEREST IS INVOLVED.
THERE’S SIMILAR LANGUAGE ABOUT

00:03:52.601 --> 00:03:54.837
THERE’S SIMILAR LANGUAGE ABOUT
CONTROLLING FREEZING CONTROL IN

00:03:54.871 --> 00:03:56.972
CONTROLLING FREEZING CONTROL IN
THE HOUSE REPORT. SO I

00:03:56.973 --> 00:03:58.464
THE HOUSE REPORT. SO I
APPRECIATE THAT. GENERALLY YOU

00:03:58.475 --> 00:04:00.532
APPRECIATE THAT. GENERALLY YOU
CAN LOOK AT THESE WORDS AND YOU

00:04:00.543 --> 00:04:01.843
CAN LOOK AT THESE WORDS AND YOU
CAN IMAGINE THAT THEY MEAN

00:04:01.845 --> 00:04:03.336
CAN IMAGINE THAT THEY MEAN
CERTAIN THINGS. BUT HERE WE

00:04:03.347 --> 00:04:05.304
CERTAIN THINGS. BUT HERE WE
HAVE EVIDENCE THAT CONGRESS WAS

00:04:05.315 --> 00:04:07.249
HAVE EVIDENCE THAT CONGRESS WAS
ACTUALLY TRYING TO DO A

00:04:07.283 --> 00:04:08.774
ACTUALLY TRYING TO DO A
PARTICULAR THING WITH RESPECT

00:04:08.785 --> 00:04:10.509
PARTICULAR THING WITH RESPECT
TO THE AUTHORITY THAT IT WAS

00:04:10.520 --> 00:04:11.520
TO THE AUTHORITY THAT IT WAS
PRESENTING TO THE PRESIDENT,

00:04:11.554 --> 00:04:14.179
PRESENTING TO THE PRESIDENT,
AND THAT THING WAS NOT RAISING

00:04:14.190 --> 00:04:14.913
AND THAT THING WAS NOT RAISING
REVENUE.

00:04:14.924 --> 00:04:17.893
REVENUE.
>> I THINK THAT WHAT THE POWERS

00:04:17.894 --> 00:04:19.228
>> I THINK THAT WHAT THE POWERS
THAT CONGRESS WAS CONFERRING ON

00:04:19.262 --> 00:04:20.419
THAT CONGRESS WAS CONFERRING ON
THE PRESIDENT ARE BEST

00:04:20.430 --> 00:04:21.797
THE PRESIDENT ARE BEST
UNDERSTOOD THROUGH THE PLAIN

00:04:21.798 --> 00:04:22.631
UNDERSTOOD THROUGH THE PLAIN
TEXT OF THE STATUTES, WHICH

00:04:22.666 --> 00:04:23.256
TEXT OF THE STATUTES, WHICH
INCLUDES REGULATING.

00:04:23.267 --> 00:04:25.300
INCLUDES REGULATING.
>> I KNOW, BUT SOME OF US CARE

00:04:25.302 --> 00:04:26.325
>> I KNOW, BUT SOME OF US CARE
ABOUT THE LEGISLATIVE HISTORY.

00:04:26.336 --> 00:04:27.537
ABOUT THE LEGISLATIVE HISTORY.
AND SO THE PLAIN TEXT OF THE

00:04:27.570 --> 00:04:29.928
AND SO THE PLAIN TEXT OF THE
STATUTE HAS CERTAIN VERBS IN IT.

00:04:29.939 --> 00:04:32.107
STATUTE HAS CERTAIN VERBS IN IT.
IT ALSO HAS REGULATE COMMERCE,

00:04:32.108 --> 00:04:34.309
IT ALSO HAS REGULATE COMMERCE,
AS YOU SAY. AND WHEN I LOOK AT

00:04:34.311 --> 00:04:36.412
AS YOU SAY. AND WHEN I LOOK AT
THE LEGISLATIVE HISTORY, IT

00:04:36.413 --> 00:04:37.813
THE LEGISLATIVE HISTORY, IT
APPEARS AS THOUGH CONGRESS WAS

00:04:37.814 --> 00:04:39.248
APPEARS AS THOUGH CONGRESS WAS
TRYING TO GIVE THE PRESIDENT

00:04:39.282 --> 00:04:40.506
TRYING TO GIVE THE PRESIDENT
THE AUTHORITY TO, QUOTE,

00:04:40.517 --> 00:04:42.375
THE AUTHORITY TO, QUOTE,
CONTROL OR FREEZE PROPERTY

00:04:42.386 --> 00:04:43.485
CONTROL OR FREEZE PROPERTY
TRANSACTIONS WHERE FOREIGN

00:04:43.487 --> 00:04:46.179
TRANSACTIONS WHERE FOREIGN
INTEREST IS INVOLVED AND IN THE

00:04:46.190 --> 00:04:47.389
INTEREST IS INVOLVED AND IN THE
CONTEXT THAT MAKES PERFECT

00:04:47.390 --> 00:04:48.390
CONTEXT THAT MAKES PERFECT
SENSE, BECAUSE WE’RE TALKING

00:04:48.392 --> 00:04:50.750
SENSE, BECAUSE WE’RE TALKING
ABOUT A WARTIME DYNAMIC. AND

00:04:50.761 --> 00:04:52.828
ABOUT A WARTIME DYNAMIC. AND
WHAT IS HAPPENING IS THE

00:04:52.829 --> 00:04:53.896
WHAT IS HAPPENING IS THE
PRESIDENT NEEDS THE AUTHORITY

00:04:53.930 --> 00:04:55.354
PRESIDENT NEEDS THE AUTHORITY
TO PREVENT TRADING WITH THE

00:04:55.365 --> 00:04:57.500
TO PREVENT TRADING WITH THE
ENEMY IN THE MIDST OF A WAR.

00:04:57.534 --> 00:04:59.592
ENEMY IN THE MIDST OF A WAR.
AND THAT SEEMS TO BE THE FOCUS

00:04:59.603 --> 00:05:01.394
AND THAT SEEMS TO BE THE FOCUS
OF THIS STATUTE. SO I GUESS I’M

00:05:01.405 --> 00:05:03.539
OF THIS STATUTE. SO I GUESS I’M
CONCERNED ABOUT JUST SORT OF

00:05:03.540 --> 00:05:04.563
CONCERNED ABOUT JUST SORT OF
TAKING A PARTICULAR WORD HERE

00:05:04.574 --> 00:05:06.409
TAKING A PARTICULAR WORD HERE
AND THERE AND SAYING THAT THE

00:05:06.443 --> 00:05:08.567
AND THERE AND SAYING THAT THE
GENERAL VIEW OF IT MIGHT

00:05:08.578 --> 00:05:10.379
GENERAL VIEW OF IT MIGHT
INCLUDE RAISING REVENUE, WHEN

00:05:10.414 --> 00:05:12.448
INCLUDE RAISING REVENUE, WHEN
IN FACT IT LOOKS AS THOUGH THE

00:05:12.449 --> 00:05:14.340
IN FACT IT LOOKS AS THOUGH THE
AIM OF THIS WAS REALLY TO GIVE

00:05:14.351 --> 00:05:16.576
AIM OF THIS WAS REALLY TO GIVE
THE PRESIDENT A CERTAIN KIND OF

00:05:16.587 --> 00:05:18.220
THE PRESIDENT A CERTAIN KIND OF
AUTHORITY TO FREEZE THE ASSETS

00:05:18.255 --> 00:05:19.512
AUTHORITY TO FREEZE THE ASSETS
OF, OF THE ENEMY.

00:05:19.523 --> 00:05:21.557
OF, OF THE ENEMY.
>> AND LET ME SAY TWO THINGS IN

00:05:21.558 --> 00:05:23.282
>> AND LET ME SAY TWO THINGS IN
RESPONSE TO THAT. FIRST, AS THE

00:05:23.293 --> 00:05:24.460
RESPONSE TO THAT. FIRST, AS THE
NOTION THAT THIS IS A REVENUE

00:05:24.461 --> 00:05:26.462
NOTION THAT THIS IS A REVENUE
RAISING TACTIC OR POWER, IT IS

00:05:26.463 --> 00:05:27.396
RAISING TACTIC OR POWER, IT IS
NOT. WE ARE ASSERTING A

00:05:27.431 --> 00:05:28.488
NOT. WE ARE ASSERTING A
REGULATORY POWER. IT’S A

00:05:28.499 --> 00:05:31.100
REGULATORY POWER. IT’S A
DELEGATION OF POWER TO REGULATE

00:05:31.135 --> 00:05:32.025
DELEGATION OF POWER TO REGULATE
FOREIGN COMMERCE. THE WAY TO

00:05:32.036 --> 00:05:33.393
FOREIGN COMMERCE. THE WAY TO
CONTROL IMPORTS TRADITIONALLY

00:05:33.404 --> 00:05:34.670
CONTROL IMPORTS TRADITIONALLY
HAS BEEN TO TARIFF THEM. THEY

00:05:34.672 --> 00:05:36.263
HAS BEEN TO TARIFF THEM. THEY
SAY, WELL, YOU CAN IMPOSE

00:05:36.274 --> 00:05:37.306
SAY, WELL, YOU CAN IMPOSE
QUOTAS. WELL, QUOTAS ARE

00:05:37.341 --> 00:05:37.931
QUOTAS. WELL, QUOTAS ARE
ESSENTIALLY ECONOMICALLY, YOU

00:05:37.942 --> 00:05:39.142
ESSENTIALLY ECONOMICALLY, YOU
KNOW, ECONOMICALLY EQUIVALENT

00:05:39.143 --> 00:05:40.734
KNOW, ECONOMICALLY EQUIVALENT
TO TARIFFS. SO THE QUESTION IS

00:05:40.745 --> 00:05:42.478
TO TARIFFS. SO THE QUESTION IS
WHY WOULD YOU BE ABLE TO QUOTA

00:05:42.479 --> 00:05:43.602
WHY WOULD YOU BE ABLE TO QUOTA
UNDER REGULATE BUT NOT TARIFF

00:05:43.613 --> 00:05:44.347
UNDER REGULATE BUT NOT TARIFF
UNDER REGULATE WHEN THE TARIFFS

00:05:44.381 --> 00:05:45.481
UNDER REGULATE WHEN THE TARIFFS
ARE THEMSELVES REGULATORY? AND

00:05:45.482 --> 00:05:48.007
ARE THEMSELVES REGULATORY? AND
LET ME TURN BACK TO THE

00:05:48.018 --> 00:05:48.618
LET ME TURN BACK TO THE
QUESTION. I WAS THE RESPONSE I

00:05:48.652 --> 00:05:50.052
QUESTION. I WAS THE RESPONSE I
WAS GIVING THE ANSWER.

00:05:50.054 --> 00:05:51.278
WAS GIVING THE ANSWER.
>> COULD THE ANSWER BE THAT IN

00:05:51.289 --> 00:05:53.179
>> COULD THE ANSWER BE THAT IN
OTHER PLACES WHERE CONGRESS

00:05:53.190 --> 00:05:54.657
OTHER PLACES WHERE CONGRESS
WANTS THAT PARTICULAR FORM OF

00:05:54.658 --> 00:05:57.517
WANTS THAT PARTICULAR FORM OF
REGULATION TO BE USED, THEY SAY

00:05:57.528 --> 00:06:00.430
REGULATION TO BE USED, THEY SAY
IMPOSE DUTIES. THEY SAY YOU CAN

00:06:00.464 --> 00:06:03.466
IMPOSE DUTIES. THEY SAY YOU CAN
TAX MR. PRESIDENT HERE. THEY

00:06:03.467 --> 00:06:05.158
TAX MR. PRESIDENT HERE. THEY
DON’T SAY THAT.

00:06:05.169 --> 00:06:06.493
DON’T SAY THAT.
>> I’D SAY TWO THINGS IN

00:06:06.504 --> 00:06:07.394
>> I’D SAY TWO THINGS IN
RESPONSE TO THAT. THAT’S THE

00:06:07.405 --> 00:06:09.329
RESPONSE TO THAT. THAT’S THE
VERY ARGUMENT THAT THIS COURT

00:06:09.340 --> 00:06:10.573
VERY ARGUMENT THAT THIS COURT
REJECTED IN ALGONQUIN, THAT THE

00:06:10.608 --> 00:06:12.632
REJECTED IN ALGONQUIN, THAT THE
FACT THAT THESE OTHER SPECIFIC

00:06:12.643 --> 00:06:13.400
FACT THAT THESE OTHER SPECIFIC
STATUTES, IF YOU SAY IT THAT

00:06:13.411 --> 00:06:14.611
STATUTES, IF YOU SAY IT THAT
WAY, YOU HAVE TO.

00:06:14.612 --> 00:06:16.880
WAY, YOU HAVE TO.
>> IF WE DISAGREE WITH YOU THAT

00:06:16.914 --> 00:06:18.214
>> IF WE DISAGREE WITH YOU THAT
ALGONQUIN IS A SIMILAR CONTEXT,

00:06:18.215 --> 00:06:19.582
ALGONQUIN IS A SIMILAR CONTEXT,
DO YOU HAVE ANOTHER STATUTE OR

00:06:19.584 --> 00:06:20.040
DO YOU HAVE ANOTHER STATUTE OR
ANOTHER CIRCUMSTANCE?

00:06:20.051 --> 00:06:21.417
ANOTHER CIRCUMSTANCE?
>> AND AGAIN, NOT TO ALGONQUIN

00:06:21.419 --> 00:06:22.586
>> AND AGAIN, NOT TO ALGONQUIN
AGAIN, BUT BUT OBVIOUSLY WE

00:06:22.620 --> 00:06:24.544
AGAIN, BUT BUT OBVIOUSLY WE
DISCUSSED THE PHRASE ADJUST

00:06:24.555 --> 00:06:25.412
DISCUSSED THE PHRASE ADJUST
IMPORTS. AND THEY SAID NO. THE

00:06:25.423 --> 00:06:27.357
IMPORTS. AND THEY SAID NO. THE
NATURAL WAY TO DO THAT IS TO

00:06:27.391 --> 00:06:28.524
NATURAL WAY TO DO THAT IS TO
TARIFF THEM. AND THEY

00:06:28.526 --> 00:06:29.750
TARIFF THEM. AND THEY
SPECIFICALLY SAID IT MAKES NO

00:06:29.761 --> 00:06:30.227
SPECIFICALLY SAID IT MAKES NO
SENSE AT ALL TO TO AUTHORIZE