Page 26 - Trickle Down Effect News Today

>> reporter: at mikes unicorn diner on staten island, they were serving up hot coffee and some heated conversation about the brand-new tax plan. >> i dont like it. im very nervous about it. >> i think its something that he promised during his campaign. and i think hes delivered on it. >> zero on every count. no, no, no and no. >> reporter: many here in staten island, new york, backed donald trumps bid for the white house. and despite the fact the new tax plan will mean that many will now not be ...

In the long run, because you will siebert economic growth, this will be a winner for america and for those of us who voted for tax reform. >> the truth is, congressman, corporations do get a huge benefit, arguably the biggest benefit by having their tax rate lowered so much. you seem to be putting a lot of faith or stock i should say in the goodwill of corporations, that there will be a trickle down effect. that hasnt always been true. and im not sure what youre pinning your faith on because eve...

Incredibly enthused democratic base. mid term elections are base elections. its not a presidential election where your casual person votes. this is your base vote. they believe this is the only means to get that. why did donald trump not do it? he wanted to get something passed, chris. he knew he had to do it with primarily republican support. thats the route they take. again, huge gamble, politically speaking. >> sorry, alisyn. i would also add i think theres a philosophical piece to this, too....

Facilities, the senate bill, yes, you are able to deduct medical expenses and makes it even better, no longer do you have to reach the 10% threshold, theyve dropped it down to 7.5% and thats a big deal and help a lot of people. brian: this e-mail is from a man, steven says this, how will the new tax bill affect medicare? >> thats a great question and although theres nothing specifically in the bill, changing medicare, there is going to be a trickle down effect, whenever you introduce more defici...

Wall street journal breakfast, wealthy people who would be the people creating jobs, trickle-down effect. they were asked if they get this tax cut if theyll invest, if they will re-invent. they didnt raise their hands. i mean they didnt raise their hands, harold. how do you make the argument that this is something thats going to create jobs when the people who would be creating those jobs wont say that theyre going to reinvest. >> a group of ceos. will you get more invest more going forward? his...

Uncomfortable space to try to get us to have that discussion and go around the president because hes not willing to engage in this. only name-calling, slurs, slander and cussing at the mothers of these players. its shameful, truly. >> tyler? >> i mean to add on that, what were seeing from the president is that hes straying from the legislative agenda. were seeing so much that this is becoming co-opted. these protests are gentrified. were not seeing the trueness of what colin kaepernicks message ...

Inequalities which i think should be a crucial part of our policy agenda, you need the revenues to invest in human capitals and jobs and infrastructure in offsetting the kinds of things youve been talking about on the station, im referring to puerto rico. when you rob the treasury of over $2 trillion in revenue to exacerbate after tax inequality, it makes no sense. >> there was a theory under reagan and thatcher that if you help the wealthy, then there was a trickle down effect, and the whole ec...

It sounds like twitter didnt take this that seriously today. >> i think all of these companies that make their money in advertising are having a real problem. this will have a trickle down effect on their businesses. they can stop this if they choose to. and you know, we know that law enforcement cracked down these networks and they routed out child porn. they didnt rule out piracy, ads from russian influencers and a whole lowest of other illegal activities. and this will shine a spotlight on th...

Plan. the promise from the president on the campaign was crystal. im about the middle class. dont care about the wealthy. im going take a bite of out them. i dont need their money. that was excelling. why put out a plan that really only details how youre going to help the upper income people and not the middle class. >> it has some information in there for the middle class, but youre right. it is not. >> theyre not the headlines. amt, estate tax, lowering business rates, you know. >> hes clearly...

Means people have to be in shelters. people being in shelters means the schools are still going to be closed. so its a trickle down effect until we get the power solved, all those other issues support and so forth for the people in shelters, support for all the people that are still down in the keys at the end of the road at key west is still going to be there. >> and obviously authorities want to get businesses back online, want to get stores opened so people can get supplies. but until that ha...