Trump: Canada Should Give US 25 Percent of Keystone Profits

GOP front-runner Donald Trump gave an example Thursday of how he would act as president as he does as CEO of his multibillion-dollar company.

Asked about his support for the Keystone XL pipeline that President Barack Obama recently axed, Trump said not only would he support it, he would demand a quarter of the profits for the United States.

Thursday on Fox News Channel's "Special Report," Bret Baier told Trump some critics said that sounded a bit like Venezuela, where the socialist government owns 60 percent of foreign companies.

"No, I think it sounds smart," Trump said.

While the pipeline will create thousands of jobs, it also requires use of American land, which will be taken by eminent domain, he said.

"But you're selling Canadian product essentially," Trump said. "Now, that's not so helpful to us. But they have to get through our land to go to the certain area where it's best for them."

That's all fine, he said, especially as it helps the United States become less dependent on Middle East oil.

"But I want a piece of the deal," he said. "When I say I want a piece, I'm now representing our country the way I would represent myself."

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• Venezuela Seen as Major Beneficiary of Obama's Keystone Snub