Expensing Provision News Today

Size of the economy and will create jobs. thats good news. >> paul: one of the things the report that seemed to say, that i read, was this $1.5 trillion cost over 10 years, a third of it or so will have been made up by the faster growth in the first couple years. >> thats exactly right. thats what our model predicted as well. in fact, we expect that as much as a trillion dollars of that static cost will be recouped because of the higher economic growth. and that just tells you that this is an ex...

One is the incentive to bring back those earnings, as i was just mentioning. an expensing provision that says if an american company will invest in manufacturing here in the united states, what will happen is that they can write off 100% of that for the next five years. thats a good thing. when you start looking at bidding factories in the united states versus building them in vietnam or other places obviously it means more jobs and certainly puts pressure to make sure that wages go up. theres n...

Standing, made clear he wanted to read the bill over the weekend. 50 pages of light weekend reading, he is now officially a yes on the bill. brooke, that puts all eyes on senators jeff flake and senator susan collins. we dont know where they currently stand right now. senate republican aides feel very good that both, not just one, but both of them will eventually be yes votes. senator susan collins put out a statement touting the win she had in the final conference report, the things she got in ...

Where is this bill actually right now? >> reporter: anderson, today was a great example that a deal in principle, which republicans said they had yesterday, does not a final bill make. right now youre seeing various senators, four, mostly, raising concerns about the potential deal going forward. that means that theres a lot more work to do. you have senator susan collins voted yes the first time around. republican aides saying they feel like shes in a good place but theres work to do there. jeff...

Well, time is running out for republicans to pass tax reform next week before leaving town for the holidays republicans already have a razor sharp margin and can only stand to lose three votes and have key senators voicing concerns. youve been talking to republican sources. where is this bill actually right now? >> reporter: anderson, today was a great example that a deal in principle does not a final bill make. right now youre seeing various senators, four, mostly, raising concerns about the po...

And yet, for hours throughout the course of the day, they havent actually had final language on what they agreed to. senate democrats attacked this idea. they obtained a draft iteration of this bill that had hand-written notes on the side of it, making changes by handwriting, waving it on the senate floor. thats the attack line right now. here is the reality. anderson, republicans have the vote. senator jeff flake came on board because of an expensing provision. susan collins came on board becau...

Idea. they obtained a draft iteration of this bill that had hand-written notes on the side of the, making changes my handwriting, waving it on the senate floor. thats the attack line right now. anderson, republicans have the vote. senator jeff flake came on board because of an expensing provision. susan collins came on board because she got what she happened on the state and local tax deduction. they have 51 senators in the affirmative. all they need to do is vote on it. one more interesting ele...

Detail. you heard scott hodge. what do you make of it overall? >> well, i think scotts exactly right, that were looking at a major pro-growth cut on the business side and nothing on the individual side thats going to make it meaningfully better. the house narrowly avoided sunsetting the corporate rate cut in years nine and ten which is a huge relief because companies make investment decisions longer than ten years. now, to make the math work for the budget, they had to make other things temporar...

Washington and plans on voting on the tax bill. senator mccains office said he is still receiving normal treatment that came over the course of that cancer treatment. recovering from that. both will be back, but that raises questions and that adds to the questions that stand right now on the senate in terms of where the votes are. we cover this a lot when the senate was dealing with the tax bill. keep the eye on susan colins and jeff flake, marco rubio and bob corker. corker was the only one who...