Page 5 - 124 Billion News Today

"today" show producer, and that was -- >> it happens. it happens. we are in the midst of election coverage. >> yeah, things get tricky. i will pick up from there. what we were saying is that the situation with amazon is two-fold, right? you have a decade of the tech companies surging and theres a connection going on and thats why you are seeing some of the layoffs. with amazon, remember, during the pandemic, thats all people were doing were ordering off amazon, and now the pandemic breaks and pe...

Parton friday night a $100 million grant. its called the courage and civility award. this is a grant hes formally awarded to jose andres and cnns van jones. no strings attached. help the world. they spoke a lot about f phila philanthropy. jeff bezos saying although he hasnt signed the giving pledge, he does plan to give away the majority of his wealth before he dies. >> hes estimated to be worth $124 billion. thanks so much. thats going to do it for us today. appreciate everyone for joining us. ...

Now to a cnn exclusive with one of the worlds richest people. khloe malice spoke with jeff bezos and his partner lauren sanchez about his plan to donate a majority of his wealth valued at spl $124 billion to charity. he said he will use to fight climate change and for people that could help unify humanity. dolly parton got a $100 million check for her charitable work. >> talk to me about choosing dolly parton. >> well look at what shes done. and how shes led her life. and the way shes done it, t...

It was wide-ranging. we covered a lot of topics. we spoke for over 20 minutes at their washington, d.c. home. it was their first ever sitdown interview together since they first debuted as a couple in 2019, and we spoke about these tough economic times, and also what is he going to do with $124 billion and what he said to me was pretty interesting. take a listen. >> i dont know whether were technically in a recession. economists argue over that, and they have certain technical definitions. what ...

739 billion. its going to further erode our energy independence by choking off our oil and gas industry, also going to make everything more expensive by raising corporate taxes. in the media, they are ducking coverage of one major part of this legislation. see if you can figure it out. heres the associated press. whats in bidens big bill? americas biggest action ever on climate change, drug cost cap. what about cvs? ceiling major democratic victory on climate, health care, and taxes. i wonder wh...

>> reaction from congressman ken buck in a moment, but first a look at another claim the new beefed-up irs will not come after the little guy. whats the cbo saying who the irs could be targeting? >> it could be that little guy youve been talking about, bill. congressional budget office confirms at least 20 of the 124 billion raised by the inflation reduction act will come from low and middle income americans, people making less than 400,000. the analysis is the second to contradict claims by the...

Have. americans for tax reform reports there is a $124 billion tax on stock buybacks in the bill which will hurt americans in retirement accounts. according to congresses joint committee on taxation, there is also a $12 billion tax on crude oil along with a $1.2 billion tax on coal. that means more expensive energy for individuals and small businesses. remember joe biden denying this would ever happen. >> will taxes on their small businesses go up under your administration? >> no. >> brian: what...

Has seen in decades, for families struggling to pay the bills, for seniors struggling to pay for medication, for kids struggling with asthma. this bill is for them. >> reporter: now, increased irs enforcement would pay for it in some way by adding $124 billion back to the treasury. theyll raise the corporate minimum tax to 15%. theyll also add a 1% excise tax on stock buybacks. all this to pay for the plans, extend health care subsidies for three years, to pay for hundreds of billions in new cli...

From your vantage point, what does this deal say about what democrats can achieve? >> well, i think this is a big message to america that democrats get things done. this is massively important for the average american. it will put money back into consumers pockets, offsetting the impact of an inflation pressure and it will incentivize more competition in the energy markets by giving tax credits for clean energy and making it more affordable and it reduces the deficit by 300 billion and in additi...

Energy security and climate change solutions. they will offer a offer subsidies to buy electric cars or convert to green energy. >> ainsley: how do you feel about this because youve been a champion? we when i could not be more disappointed. they have 15% corporate minimum tax which they say would bring $313 billion. keep your eye on this, they will ask the irs to start going after people again with tax enforcement. they expect $124 billion. the last thing you want to do in this scenario, i thoug...