Page 48 - Gary Kohn News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Direct that money towards middle class tax relief. the revised senate bill boosts the child tax credit to $2,000 and it cuts several middle income tax brackets. now eliminating the mandate injects much-needed cash into this tax plan. but it will also increase premiums and by one estimate, you know, 13 million people would forgo health insurance. still isn't enough to pay for across the board tax cuts, that is if congress only adds $1.5 trillion to the deficit, that's the limit. so individual tax cuts would expire by the year 2025. the lower corporate tax rate, that's immediate and permanent. i...

Would do with the money they got from their tax cuts. >> if the tax reform bill goes through, do you plan to increase investment, your company's capital investment. just a show of hands, the tax reform goes through. okay. >> why aren't the other hands up? >> that's gary kohn. why aren't the other hands up? very few raised their hands. >> because presumably they make decisions based on the market. >> supply and demand. >> not based on profits. >> lot of ceos are saying, look f they get their tax cuts, they're going to put those into share buybacks and dividends, give back to investors. >> let's...

Reform goes through? okay. >> why aren't the other hands up? >> gary is saying why aren't the other hands up? i saw one hand, maybe two hands go up in that room. ceo's said when they get their tax goodies, lower taxes they're going to spend it on share bye backs and dividends on shareholders and investors, not necessarily on higher worker pay. >> what's the answer to that question, why aren't the other hands up? typically what i hear is we don't need to. we build factories when we need to. we pay more when we have to. those interest decisions they make based on a market not based on taxes. >> ...

Isn't enough to pay for across the board tax cuts, that is if congress only adds $1.5 trillion to the deficit. that's the limit they can hit. so, individual tax cuts will expire by 2025, but the lower corporate rate, that's immediate and is permanent. opening the gop up to criticism they favor businesses over everyday americans. corporate tax relief, permanent and immediate. the tax relief expires for regular americans. corporate tax cuts will boost worker pay. there's no guarantee on that. in fact, here is what a ceo said at a "wall street journal" event with economic adviser gary kohn. they ...

Them quickly. key administration officials including secretary mnuchin and gary kohn will be staying back from the trip in asia to remain vigilant and make sure the tax cuts pass. if i have any problems, i will be blaming them. believe me. they'll be hearing it. i think they're going to do very well. we are doing very well. the house, i must tell you, have been working really hard and coming up with great plan and the senate is coming up with a great plan. they're going to be put together and something is going to come out of that that will be really, really something very special. again, we'r...