Stimulus Effect News Today

Law as it was going into place. we knew that they werent closing loopholes which meant that the tax rate was not going to come out to 21%, it was going to come out to lower than that and knew that the stimulus effect that the president thought this was going to have was overstated. >> thats absolutely right. those who paid attention to the structure of the tax cut in 2017, it was pretty clear instead of reforming the corporate tax system as a lot of people were calling for, they were simply cutt...

Import products produced in another country because of lower wages in china or mexico, that still creates huge benefit for american consumers and to the extent that they save money on buying imports that freeze up money that they spend on other goods and services, so there could be the stimulus effect that are hard to identify, but again -- mark: you are saying its a complex world out there. when youre looking product for product, thats not the way to look at it. you may import something that re...

Import products produced in another country because of lower wages in china or mexico, that still creates huge benefit for american consumers and to the extent that they save money on buying imports that freeze up money that they spend on other goods and services, so there could be the stimulus effect that are hard to identify, but again -- mark: you are saying its a complex world out there. when youre looking product for product, thats not the way to look at it. you may import something that re...

Investors today predicting very good things on the gdp front, looking forward to maybe 4% growth in the coming year. if we get that, if you can combine this wonderful, fundamentals we are starting to see with the economy and higher wages for people that are working, that would have a very big stimulus effect. thats the key. can you get wages higher in this environment right now? unemployment is certainly low but we need those wages higher. well be watching. you can watch every day 2:00 p.m. mond...

Got done were tax breaks for the wealthiest americans and something that hurt the middle class. those are the kind of ads that people are going to run. >> well see what the economy does. you know, reagan passes his tax cuts during -- you know, theres a recession, and the economy comes back. its morning again in america. you know, donald trump is betting on the fact that this is going to have a stimulus effect, that its a supply-side stimulus, that its going to create growth and more jobs. >> but...

Weeks ago saying it is just math. it really isnt. if you want that stimulus effect, it has to be dramatic. 20% doesnt actually put america in the international competitiveness ranking looking that favorable. but 15% really does. that will really give you that wish of confidence. for me, going back to the point of who benefits, 20% or higher, the real winners will be the already rich. if you really want to help working people, youve got to go for the 15% rate. >> bret: you have to figure out how ...

Weeks ago saying it is just math. it really isnt. if you want that stimulus effect, it has to be dramatic. 20% doesnt actually put america in the international competitiveness ranking looking that favorable. but 15% really does. that will really give you that wish of confidence. for me, going back to the point of who benefits, 20% or higher, the real winners will be the already rich. if you really want to help working people, youve got to go for the 15% rate. >> bret: you have to figure out how ...

The kennedy tax cuts, under the reagan tax cuts and even the clinton tax cuts when he cut capital gains. so we know theres a stimulus effect. but it always comes under you cant afford it. thats right if we keep growing government at the same rate. so cut back what government. its already this enormous octopus out there that we need to cut the tentacles of. >> were worried that its going to get bogged down with the republicans focusing on other things like trying to repeal and replace obamacare a...

>> i do. i absolutely do. and, you know, for a myriad of reasons. not the least of which is that in the next ten years, texans will pay about $100 billion to the federal level that will go to subsidize health care in california and new york rather than come back to texas and work for us in our own economy. we also will cover between 1 million and 1.5 million hardworking texans through medicaid expansion, and theres the expectation through economic analyses that have been done of what it will mea...

Million and 1.5 million hardworking texans through medicaid expansion, and theres the expectation through economic analyses that have been done of what it will mean for our state that demonstrate a stimulus effect of about 300,000 jobs per year. and whats so important about that is not just that sheer number, but the fact that those dollars will go to some of our most economically depressed areas in the state. >> thats right. >> and help create job growth where its most needed. >> some of those ...