Been offered that position. He brings with it a close personal relationship with the chinese president which will come in handy which signalled u. S. China relations are going to change. Last night in fayetteville North Carolina held the second thank you rally and introduced another part of his cabinet nominee for secretary of defense retired general james mattis. Thank you president elect for the confidence you have shown in me. Thank you for the opportunity. I am grateful for the opportunity to return to our troops, their families, the civilians of the department of defense. I look forward to being a civilian leader so long as the Congress Gives me the waiver and the senate votes to consent. Thank you very much. The National Security team rallies clearly. They fight to take terrorists from day one of his administration. In every generation a new threat to freedom arises. Just as we defeated these threats we faced generations in the past and you understand that, so, too, will we defea
Need to leave. Any comments on that. Steve, do you want to start . Sure, i can address that. I do not think shifting to a territorial system is right. The two problems that weve highlighted here are earning stripping and the deferred accumulated earnings of these controlled foreign corporations. If we shift to a territorial system in which a u. S. Company is only taxed on its u. S. Source income, and not taxed on its foreign income, there will be all the more incentive for multinationals to strip income from the u. S. Base and shift it abroad. Isnt that the first step and then you deal with all those issues let me finish my answer. So as part of any consideration of territorial, we need to address the earnings stripping issues that were discussing here. One of the observations professor shay made in his article, he wanted treasury to adopt regulations that could fold into tax reform and weve got to address earning stripping and we have to do it sensibly and i think we could fold that i
Tax rate of those companies to be reduced. And thats why were talking about this subject. So it appears that having a bow tie is not an indication of prof sor yal stature but tax planning. John, you started us off by talking about the fact that your view, this set of practices were a symptom of a larger set of drivers in the Corporate Tax structure and that ultimately and i think you wouldnt get any disagreement with anyone here we need to be addressing those larger drivers. But in the context of the current debate, first of all, can i ask you to ask would the measures that steve and steve have put on the table be effective and then we can go beyond that to say should treasury take it. Lets start with the effective. So the answer is i dont think so. But theres an overarching point before i get back into the weeds which is why are we trying to raise the bar so it will be harder for companies to leave the United States. Why arent we trying to do something to make it more attractive for t
He was arrested for shoplifting. This couple brought their bay while they stole video games. Was that worth it . We hope you have a great weekend. Fox friends starts now. Hi everyone. Good morning. Today is friday, the 17th of october, 2014. Im anna kooiman in for elisabeth hasselbeck. We begin with a fox news alert. The ebola scare spreads nationwide. How one case in texas has quickly spread into a multistate nightmare shutting down schools and forcing businesses to close. The first person to ever catch ebola in the United States, that nurse who tried to help, now speaking from her hospital bed. That is her. Her message to doctors and people all across the United States and around the world, youll see it here first. A heart stopping moment caught on camera. A u. S. Marines close call with a taliban sniper. Get back how that helmet saved his h. I. V. Meanwhile how that helmet saved his life. Meanwhile mornings are better with friends. Hi. This is alan alda, youre watching fox friends a
We should be given a medal, not prosecuting him. And cnn takes you to the most unequal place in america. This place, where there is no middle class. Hi, there. Im brooke baldwin. Great to be with you, but not a great day if you are Kathleen Sebelius. The health and Human Services secretary grilled today over obama care and the bungled launch of the Website Health r care. Gov. Fighting for her own life, tells the House Committee today shes sorry. I am as frustrated and angry as anyone with the flawed launch of health care. Gov, so let me say directly to these americans, you deserve better. I apologize. The obama care website was only part of the three and a half hour grilling. Secretary sebelius got from the house energy and commerce committee. Other hot buttons today the cost, president obamas pledge, if you like your insurance, you can teep it, your privacy, abortion, enrollment numbers. We also heard references to red herrings, red solo cups, pinocchio, and the wizard of odds. Throug