Stay updated with breaking news from Melisa liebenthal. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
We ll bring in brad blakeman and julie is a former staff director for the house government reform committee. the question really is will this help the economy. do we need it? here is how president trump described what we are going to get. i ll ask you both if you agree with this description on the other side. let s listen. president trump: it will be the largest tax cut in the history of our country. here are some of the highlights from our framework. we are doubling the amount of income that is taxed at the 0 bracket. we re increasing the child tax credit. we will end the estate tax sometimes referred to as the death tax. we will cut the business tax rate. we are cutting taxes on small businesses to the lowest rate in more than 80 years. we ll go from being one of the highest-taxed nations in the world to one of the lowest-taxed. melisa: what s not to love? ....
during new year s time on new year s day the government will give us little kids gift bag, cookies and candies in a bag and then we hold that bag in front of us and then bow to the portrait three times. grace also told us the only thing the regime understands in her words is tough talk. she hopes the international pressure will soon help topple that regime. we re standing by for the president s speech awaiting for that and the rest of the event. back to you, melissa. melisa: amazing story. eric shawn, thank you. jon: so rare you hear that stuff. president trump weighing in on reports that russian operatives used bribes and kickbacks during the obama administration to expand russia s atomic energy business in the u.s. the president tweeting uranium deal to russia with clinton help and obama administration knowledge is the biggest story that fake media doesn t want to ....
To portray an act of kindness like that and that gesture and trying to make it into something that it isn t. melisa: joining us is howard kurtz. i feel like this story has sunk to a new low when i read about the press calling gold star families to check in on who was called and who wasn t. is that really going on? apparently it is. the whole episode is so sad. everyone is caught in this media crossfire. everything has become politicized and what has gotten overshadowed is the deaths of these brave american soldiers. i have to say, though, the president trump inadvertently opened the door to this after the answer he gave at the monday news conference. melisa: very few people are looking good in the story now. frederica wilson who herself is a reality star and someone who i found the real housewives of ....
melisa: they re saying the corporate tax cut is for rich people? is that how you see it? when you cut taxes for corporations they hire more people and invest and raise wages. that doesn t go to rich people but working people. that s a longer debate. there certainly could be benefit from streamlining and reducing the corporate tax rate. the actual rate is closer to 15%. still, when you look at the rate reduction from 39 to 35%, you look at the estate tax and the new provision that will allow rich people to characterize themselves as small businesses that s why the tax policy center says 80% of all the benefits of this go to the richest 1% of the country. that s one, two, this will blow a huge hole in our debt. melisa: brad, that people he said, rich people he is talking about small business owners. i m talking about wall street buddies. look, this is about main street, not wall street. wall street is doing fine in anticipation of tax reform. ....
Realized it would most likely lose the argument so the speech goes on and whether you like it or not it s free speech in this country. whether you hate the speech, you can t violate it based on its content. jon: unfortunate it s costing half a million dollars for security for this one speech. yeah. jon: phil keating in gainesville. thank you. melisa: wall street marking 30 years since the worst single day losses in stock market history october 19th, 1987. better known as black monday. the dow jones fell more than 500 points. 22% at the time. in today s dow that would be more than 5,000 points. can you imagine that? analysts say a repeat of such a steep drop is unlikely now but according to mnuchin the market will take a sizeable hit if the congress doesn t get tax reform. ....