Detailed text transcripts for TV channel - FOXNEWS - 2017010

Detailed text transcripts for TV channel - FOXNEWS - 20170108:20:27:00

than awful little bills that have all the exclusions, all this stuff that makes no sense to my. paul: let's look ahead a little bit, art, to dow is now a little under 20,000. what do you see it going at end of the year? do we see 22, 23, 25? >> this year 2017 i think we'll be very happy if it is just up at all for the year. paul: really? >> yeah. if you pass a tax bill, it won't really take effect, paul, until january 1st, 2018. paul: okay. >> that is when rates, if you know they have tax cuts next year, what do you do this year? defer income and employment for a year. that exactly happened to us and reagan. we pass ad great tax bill that started on january 1st, 1983. paul: right. >> that caused the 81-82 deep recession. so we'll have many so of those delay effects happening here. i think first year just to get their feet on the ground, get bills in place. then i think by 2018, 19, 20, you are will see this economy skyrocket.

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