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Senate republican tax bill are improving. Alaska senator Lisa Murkowski has agreed to kill obamacares individual mandate. She has not yet endorsed the tax bill but said she preferred not to mix it with health care. That is welcome news to our next guest, Grover Norquist, the president of americans for tax reform. He joins us from washington. Happy turkey day. Grover it is a big day for tax reform. Kevin let me ask you about whether or not individuals in the middle class are going to get a tax break, when they fill out their taxes in january. Grover they are going to be better off and i suggest you look at three different buckets. What is your income this year and next year aftertax . Most people will see a tax reduction in their cash flow. The second bucket is what happens to your assets . If you have a 401 k , if you own stocks. When we take the corporate rate, that increas ....
Tenyear. But get you up to speed on top stories. Is taylor riggs. Federal reserve policymakers signaling there will likely be an increase next month. Their most recent meeting shows that officials are looking for stronger science of their rights. Want people want to see inflation on an upward path before another rate hike. Tomorrow, zimbabwe gets the first their first new president for a few decades. The the new could country as a democracy. He had fled after being president bite fired fired by president robert who got a, who will not face prosecution. In the u. K. , conservative party makers are delighted with a by hammond, who targeted Younger Voters with tax biggestand promised the Homebuilding Program in almost five decades. Conservatives lost over brexit. In germany, chancellor Angela Merkel make it a partial l ....
Mr. President , the first motion the senate will vote on is a straightforward proposition. The motion says lets send this bill back to the senate on a bipartisan basis and come up with a plan that actually works for the middle class. I will wrap up just by recapping the republican rhetoric on his tax plan. First it was said to be a guaranteed middleclass tax cuts. Then it was merely focused on the middle class. Next it was an average tax cut across a variety of income cohort. But now, the numbers are actually in. Republicans want to run up enough red ink to threaten medicare and Social Security and still raise taxes on more than half of the middle class. The senate on a bipartisan basis can do better than this. I urge my colleagues to support this proposal, to send the bill back and come back h on a bipartisan basis with tax reform that actually works for the middle class. I yeild back. The question on motion. Nay. Is there a suf ....
About the danger of the historic hurricane. Were being very aggressive for this storm in every floridian should take this seriously and be aggressive to protect their family. Possessions can be replaced. Your family cannot. This is serious and we cannot take chances. It is lifethreatening. This is not a storm you can sit and wait through. The details coming up this morning. President drunk pushing his plan saying it can create millions of jobs. Taking a closer look at the timeline coming up after the important meeting at the white house yesterday. Markets lower this morning about 20 points on the dow industrials. Nasdaq, s p 500. Investors waiting on the Central Bank Decision this morning. In his comments from ecb president mario draghi added the ecb. The dax index in germany up 1 . Asia overnight markets closed thursday. Nikkei average was up a fraction. Kospi and creat better than 1 . Lower this morning. Facebook under fi ....
Group effort with significant input from all the republican members of the finance committee. And great work from all of our staff. I want to think everyone involved with their hard work as well as their feedback, perspective and advice and ideas. The last Time Congress enacted a comprehensive overhaul of the tax code back in 1986, president reagan famously noted that the American People would finally have a tax code they could be proud of and in 1986 that was likely true. At that time updates to the tax code were necessary to keep pace with the technological and geopolitical changes our nation has been facing. That sounds pretty familiar sister president and it is after all what weve been saying for the last several years. 1986 was the world is different than today and the advances in theon decades have been monumental. Yet, our tax code has not advanced and it is failing us ....