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windfall tax, and help struggling families? let windfall tax, and help struggling families? let me tell the right honourable — families? let me tell the right honourable gentleman, - families? let me tell the right honourable gentleman, i - families? let me tell the right honourable gentleman, i am l families? let me tell the right l honourable gentleman, i am not against the principle of taxing profits that are genuine windfalls. but, as he will know very well, in the energy industry it is a very cyclical industry and there are businesses that have periods of feast and famine. you have to be very careful that you don't tax companies in a way that drives away investment. we have said nothing is off the table. investment. we have said nothing is off the table-— off the table. thank you, mr speaker- — off the table. thank you, mr speaker- i — off the table. thank you, mr speaker. i want _ off the table. thank you, mr speaker. i want to _ off the table. thank you, mr i speaker. i want to congratulate off the table. thank you, mr - speaker. i want to congratulate my right honourable friend on his statement today, which is both wise and necessary. there will be a great relief across the house that the markets have responded positively to my right honourable friend's statement, not least thanks to his economic leadership and political skill. in the run—up to the 31st of october, will he reassure us in the
case _ particular issue now. yes, it is the case that— particular issue now. yes, it is the case that some petrol stations, some petrol— case that some petrol stations, some petrol station owners have not been passing _ petrol station owners have not been passing on — petrol station owners have not been passing on the 5p tax cut that has been _ passing on the 5p tax cut that has been promised. and what also comes out in _ been promised. and what also comes out in this— been promised. and what also comes out in this article in the telegraph is the _ out in this article in the telegraph is the idea — out in this article in the telegraph is the idea that there had been thoughts, we know that there is a windfall— thoughts, we know that there is a windfall tax, the tax that dare not speak— windfall tax, the tax that dare not speak its — windfall tax, the tax that dare not speak its name. described by rishi sunak— speak its name. described by rishi sunak but— speak its name. described by rishi sunak but actually based on the oil and tax _ sunak but actually based on the oil and tax companies. there was a thought— and tax companies. there was a thought that maybe the petrol companies should also be targeted for a windfall tax, because they too have been— for a windfall tax, because they too have been making this extraordinary profit _ have been making this extraordinary profit but— have been making this extraordinary profit. but somehow that got abandoned. i profit. but somehow that got abandoned. lam intrigued by the timing _ abandoned. lam intrigued by the timing of— abandoned. lam intrigued by the timing of this, thatjust because boris _ timing of this, thatjust because borisjohnson is angry timing of this, thatjust because boris johnson is angry about it timing of this, thatjust because borisjohnson is angry about it now, actually— borisjohnson is angry about it now, actually people have been talking about _ actually people have been talking about it _ actually people have been talking about it for at least a month. you want _ about it for at least a month. you want to— about it for at least a month. you want to know why something hasn't been done — want to know why something hasn't been done about it in the interim. ali miraj, — been done about it in the interim. ali miraj, you are going to take us to the second story. and driving
interests in the country. the fuel companies, the tax companies, and those who do not want to play more in federal taxes. but you have to bring that bill to the floor. and if it goes down, we can decide what the next step is. but we cannot keep talking and talking. we have to do something to bring that bill to the floor. and by the way, it has to be a strong bill. a clear bill that makes it clear to the american people. we are substantially reducing the cost of prescription drugs that we are expanding medicare. that we are building the affordable housing and affordable health care that the american people want. we have to do a better job in getting the word out into what is in this bill and what it will mean among other things. the 300 dollar per month for working parents that are getting for those who have kids, that is going to end by almost 40%. >> what you are seeing there,
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issue is that last year money rained down on germany's super rich. here we have the chef loves the matriarch and her son who now owns 80 percent mom has kept only 20 scheffler subpoena at the top of our list for many many years i would have to check exactly how much they're worth but around 20000000000 give or take a bit. you know down here we have missed partial tasks in the head of the henkel class she's the 1st and so far only woman chairman of the supervisory board of one of the 30 tax companies. germany's economy is still extremely mild dominated and what's interesting is if you compare our list here with a list of the ultra rich in the us that we have a lot of old money old companies that have been around for decades in the us you have all those lads from facebook google snap chat and so forth a lot of bubbled up to the top of the list we don't have that type of thing here.
maker. in seattle, that's what they are risking with a proposal to sort of tax companies, big companies to help pay for a lot of things in that city and in that environment. the homeless, the host of other things. deidra bolton has the latest on what is escalating into a major threat and fight, huh? >> it is, neil. a private negotiation between amazon and seattle city council just went very public. so the city council wants to tax companies that are based there that have more than $20 million a year in revenue. so it's a head tax, is what is proposed. of $500 per employee per year. so amazon is seattle's biggest employer. 45,000 local employees. that tax would cost amazon between $30 million and $40 million per year. amazon is making it's clear they're not on board. so pending this vote, amazon has halted construction of a new building that were putting in downtown seattle. they said you know what?
a lot of smart -- the mart supreme have said we need an economic message. this is ridiculous. you can't just win on identity politics and transgender bathrooms. you need to talk to people about things they care about. chuck schumer the lead democrat in the senate sent out basically an overview of a better deal. this is the plan. i want to put it up on the screen for our viewers. you are familiar with it here are the bullet points. stop trade cheating and market manipulation. tax companies that ship jobs oversea. crack down on. independent trade board to prosecute unfair trade patropractices. buy american. i guess i could go on. it's got everything but build a wall and make mexico pay for it that's trump's platform from the 16 election, isn't it. >> it is but it's also what democrats have been talking about not only in 2016 and 2012, even obama actually called china a currency minuter when he was campaigning in 2008. i think the democrats have been talking about this for a while but they haven't
also a little confused. a lot of smart -- the mart supreme have said we need an economic message. this is ridiculous. you can't just win on identity politics and transgender bathrooms. you need to talk to people about things they care about. chuck schumer the lead democrat in the senate sent out basically an overview of a better deal. this is the plan. i want to put it up on the screen for our viewers. you are familiar with it here are the bullet points. stop trade cheating and market manipulation. tax companies that ship jobs oversea. crack down on. independent trade board to prosecute unfair trade patropractices. buy american. i guess i could go on. it's got everything but build a wall and make mexico pay for it that's trump's platform from the 16 election, isn't it. >> it is but it's also what democrats have been talking about not only in 2016 and 2012, even obama actually called china a currency minuter when he was campaigning in 2008. i think the democrats have
crazy that it that long. we have a ton of money that were already spending and use it efficiently, reform the system and make sure were cooperating with tax companies. i go over this again and again, we need to do better in terms of monitoring social media and things like that to know what's going on. dagen: i want to point out that president trump's proposed budget there are actually cuts to say these by purposeful teams. they want to cut the number of these teams the patrol airports from 3128 and cut grants from state and local authorities that would go to more patrols in airports. >> i don't think it's a money issue. i agree with what everyone is set here. before tsa, we're spending 750 million a year and airport security and since then we spent 70 billion. the latest budget is almost 8 billion for the tsa so the cuts you're talking about probably are drop in the bucket.