what has happened so far. i want to put up this chart. according to one study, s&p companies have givenemployees $5.2 billion in bonuses and higher wages. the kinds of things you and the president talked about but at the same time, they spent $157 billion on stock buybacks . so far, the tax cuts are going to shareholders. not to workers. first of all we are only a couple months into this. i think we have one half million americans that received special bonuses. that s an enormous situation. i was at boeing last week with the president. viewing the factory. there were a lot of happy workers there. i was at apple was committed to put $350 billion back into the united states. these are massive commitments. there s nothing wrong with share buybacks. share buybacks adjust the allocation of capital. the company can effectively use that capital, it will return it to shareholders and in many cases, that s pensions and other large investments. to invest that capital back
what has happened so far. i want to put up this chart. according to one study, s&p companies have givenemployees $5.2 billion in bonuses and higher wages. the kinds of things you and the president talked about but at the same time, they spent $157 billion on stock buybacks . so far, the tax cuts are going to shareholders. not to workers. first of all we are only a couple months into this. i think we have one half million americans that received special bonuses. that s an enormous situation. i was at boeing last week with the president. viewing the factory. there were a lot of happy workers there. i was at apple was committed to put $350 billion back into the united states. these are massive commitments. there s nothing wrong with share buybacks. share buybacks adjust the allocation of capital. the company can effectively use that capital, it will return it to shareholders and in many cases, that s pensions and other large investments. to invest that capital back
the fed is committed to make sure they don t cut off economic growth. chris: when the corporate tax bill is passed, you are the president promised that most of the benefits would go to workers, but that s not in fact what has happened so far. according to one study, s&p companies have given employees $5.2 billion in bonuses and higher wages. the kinds of things he talked about. at the same time they spent 157 billion on stock buybacks. so far the tax cuts are going to shareholders not workers. will were only a couple months into this. you have for a half million americans that have received special bonuses. that s an enormous situation. i was a pointless week with the president and there were a lot of happy workers there. i was at apple who is committed to putting $350 billion back into the united states. these are massive commitments. there s nothing wrong with share buybacks. it s just an allocation of capital. if a company cannot use that capital it will return it to
tax attorney from pennsylvania. sharon? secretary price, millionaires will receive about $157 billion of tax cuts within ten years if the aca is repealed. are you willing to replace the aca with a health care plan that will benefit all americans, not just the wealthy? millions believe repealing obamacare will harm us financially and medically. yeah, sharon, thanks. [ applause ] thanks for the question. and clearly that s not our goal, and clearly our goal is to make certain every american has the financial feasibility to purchase the kind of plan they want. and we believe that s the plan that s in place. contrasted with what we have right now, we have a plan that many individuals purchase coverage, they pay the premiums, they ve got a deductible that won t allow them to obtain the kind of care they need, and yet you have 20 million americans
la last. nothing to change to make them real today, okay? you could have a long conversation when a numerator and denominator, how to arrive at a percent annupercentage. this is not a claim you made, so i m not going to spend too much time on it. you spoke of the president s budget, we are taking his words and turning them into policies and dollars. i want to follow-up on that because a lot of words wrds said during the campaign. the president said one time he believed tenning do you believe in raising taxes on the wealthy? i do. the plan to repeal and replace obamacare would do the opposite of that. it would deliver roughly $157 billion over the coming decades. so those with middle incomes of $1 million or more will be joined on tax. isn t that breaking the promise? a couple of different things,