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the spending and economic growth we see from this president. there is no growth in this model. no growth in the gdp numbers. long term it is very disappointing. we ve been 20 years in this periods of declining groechlth little ups and downs. this is not catching up to where the u.s. should be. far from it. under president biden, the congressional budget office says the federal debt will end in 2024 more than $34 trillion. cbo sees debt subject to jet limit ballooning to 50 trillion in ten years. it shows a lot of government spending from here forward. the president playing debt ceiling chicken this time around. president biden: not on whether or not the debt limit gets extended. that s not negotiable. they quote reagan and trump all the time. both of which said i m
it s been so to speak, and it s been unlucky for me. i ve already when stuart varney came in, i got a paper cut. auto you ve a paper cut. you re next. i m not believing this friday the 13th stuff. what s going to happen to eric? we ll find out. what s coming up? me? see, there it is. it happened already. the federal debt clock well over $15 trillion. still rolling. and as expected, the president asked to raise the debt ceiling again but republicans are fighting it. peter doocy live in washington with the latest. we knew it was going to happen. but it s still nonetheless something we need to talk about. that s right, let s talk about it. the president formally notified congress he wants to raise the debt limit $1.2 trillion. right now it s at $15.2 trillion. he says it needs to be at $16.4 trillion and here s how he laid it out. very straight forward in a letter, one sentence long that says in part, dear mr. speaker, i hereby certify that the debt
pay less than 1 percent your income. so this is a regressive tax that is favoring the rich at the expense of the poor but you do not talk about that, are you? you think that the rich don t pay enough taxes and before we get to stuart, what is the right stop bracket be to make it fair? back to the clinton years, 39.6 percent bracket. the economy was better in the clinton years than any time in the american history and we had, expansion, the rich got ripper and the middle east got richer and the poor got richer. a fair burden. this those days we had a surplus. so, 39 percent plus increase in the medicare taxes we will have and other increases in taxes down the road. you you can react to that. this is regressive. mark is lost in the weeds and should open his eyes and look at europe where we are heading. europe is paralyzed with debt subject to massive entitlement programs, high rate of unemployment and riddled with anxiety.
pay less than 1 percent your income. so this is a regressive tax that is favoring the rich at the expense of the poor but you do not talk about that, are you? you think that the rich don t pay enough taxes and before we get to stuart, what is the right stop bracket be to make it fair? back to the clinton years, 39.6 percent bracket. the economy was better in the clinton years than any time in the american history and we had, expansion, the rich got ripper and the middle east got richer and the poor got richer. a fair burden. this those days we had a surplus. so, 39 percent plus increase in the medicare taxes we will have and other increases in taxes down the road. you you can react to that. this is regressive. mark is lost in the weeds and should open his eyes and look at europe where we are heading. europe is paralyzed with debt subject to massive entitlement programs, high rate of unemployment and riddled with anxiety.