590 Billion News Today

There the tax cuts overwhelmingly go to the richest folks. i think i the number i saw was the top 1% get 45% of the tax cuts in this bill. and in order to pay for those $590 billion of tax cuts, theyre taking a lot of health insurance subsidies away from poor people. so you really have to ask yourself is the problem america faces that the top 1% do not have enough money? is that really a worse problem than the people at the bottom of the income distribution not having health insurance? because t...

If you want to understand what the republican bill is doing, the tax cuts overwhelmingly go to the richest folks. i think i the number i saw was the top 1% get 45% of the tax cuts in this bill. and in order to pay for those $590 billion of tax cuts, theyre taking a lot of health insurance subsidies away from poor people. so you really have to ask yourself is the problem america faces that the top 1% do not have enough money? is that really a worse problem than the people at the bottom of the inc...

Cultural sixth sense. who know the issues of a historical sense are. who are free of the bureaucracy. so you happen to pick in this man by chance an organization thats bigger than the state department. state department has a budget of 65 billion. exxon mobil is 590 billion in assets. 65 billion in revenue. 50 countries around the world. this man has negotiated, been a diplomat, run a business and has relationships with all of those people. which only to benefit. hes not setting policy. congress ...

Were on the same side i think on particularly short-term stimulus and austerity and just the need for the government to be doing much, much more to get people back to work particularly in the short term. but the really interesting thing -- and the place where im surprised, particularly today on the day of the obama care repeal vote for the 37th time, is the mounting evidence that obama care really is playing a role in the long-term projections of deficit reduction. heres just an example of this ...

But the really interesting thing -- and the place where im surprised, particularly today on the day of the obama care repeal vote for the 37th time, is the mounting evidence that obama care really is playing a role in the long-term projections of deficit reduction. heres just an example of this is from the center for budget and policy priorities, projected medicare spending which has fallen $590 billion out in the future since just august 2010. thats a fairly large amount. if you extrapolate tha...

Deficit reduction. heres just an example of this is from the center for budget and policy priorities, projected medicare spending which has fallen $590 billion out in the future since just august 2010. thats a fairly large amount. if you extrapolate that out into the long term it is even more. that argument that obama care is doing that, why is no one making that argument? >> two things. one, this extrapolation is super important. whenever you hear about our long-term debt problem, it is all lon...

Corporations in terms of their profits now, their rate is at 12%. the lowest since 1972. compared to europe, our corporate contribution to the tax revenue is the lowest of any major country on earth. so the question is how do we deal with that? and one way we deal with that is we say that it is absurd for large corporations to be able to stash huge amounts of money in countries like the cayman islands, which have a zero tax rate. they have no real presence there at all. all they have is a mailbo...

Wait a second, as youve just indicated, one out of four profitable corporations pays nothing in taxes. corporations in terms of their profits now, their rate is at 12%. the lowest since 1972. compared to europe, our corporate contribution to the tax revenue is the lowest of any major country on earth. so the question is how do we deal with that? and one way we deal with that is we say that it is absurd for large corporations to be able to stash huge amounts of money in countries like the cayman ...

Compared to europe, our corporate contribution to the tax revenue is the lowest of any major country on earth. so the question is how do we deal with that? and one way we deal with that is we say that it is absurd for large corporations to be able to stash huge amounts of money in countries like the cayman islands, which have a zero tax rate. they have no real presence there at all. all they have is a mailbox. and that building that you just showed has 18,000 corporations. it is a sham. its a fa...

They take $590 billion out of the medicare program and one thing i have pointed out, if you notice, we have not imposed the $208 billion of supposed medicare cuts to providers that is required under the sustainable growth rate formula and we have not enacted that because congress understands if they do that, access to care is beginning to be hampered. quality of care will go down. and, i am skeptical those $529 billion of cuts would occur in medicare but if they did, understand what that would d...