678 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

cover for reckless spending. alexandria hoff live in washington with the very latest. alexandria, good morning. >> good morning, ashley, todd last week white house press secretary karine jean-pierre said it was not over. that was four months after the president said this. speak with the pandemic is over. we still have a problem with covid. we are still doing a lot of work on it, but the pandemic is over. >> eight months after the president made that statement more than three years after and acted, the white house will end two national emergencies stating this, "at present the emergen...

But companies are pushing to repeal one left. senate decided to keep the amt, a move that saved them $40 billion. but that move shocked ce oh's and business groups. it's a 20% that kicks in if the company's tax bill is too low. it's rarely used because there are all these other loopholes. with a lower corporate rate more companies could end up paying it and lose tax breaks in the process. the biggest concern a tax credit for research and development really popular with silicon valley. the bigger beneficials are apple, intel, apple alone saved there is 678 billion last year. so tech along with ...

Spending traditionally coming in the billions between november and december, $633 billion spent in 2016, 655 billion in 2017, and $678 billion will be spent. this is good news for the economy and vendors who own stores but not necessarily for individuals that have the money to spend and using creditors for something. >> that spending amount is tremendous and that is a boost to the economy. you can be saving, investing money in your future for your children's college education or giving to charity so the holiday season is a great time to think about how to make our

President obama. that is when they will sort this out. i think that is whistleing past the graveyard. >>guest: i totally grow. if you read bob woodward's book, you will see what went on to create some of this, back in 2011 we passed the budget control bill, you will see there was no honest political move that both sides could take. cantor wanted obamacare taken out. they wanted a de-coupling of the bush tax cuts. it was foolish. they kicked the can down the road and this time it cannot be kicked. you hear that the bush tax cuts favor the wealthy, right? let me dispell that. if the tax cuts for...

we go there tonight. let's go "outfront." good evening. tonight, the super rich surtax. okay, i keep stumbling on that one. but president obama today went on the road to press a theme from his state of the union address telling millionaires they need to pay up. >> if you make more than a million dollars a year you should pay a tax rate of at least 30%. >> all right, the president's proposal would affect about 240,000 tax filers across the country. an expert tells us it would effectively raise the top margin rate about 44% for millionaires. now, that's the highest it's been since th...