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EXCLUSIVE: The idea of all a person's assets going to the state when they die may seem egalitarian but it would cause 'cruel emotional trauma', an expert has said.
of course there is again some of them on the left calling for in the current climate nationalisation of energy companies, water companies, rail companies. they will try and push some of those ideas. we will discover tomorrow what will be formally on the conference agenda to be debated. that is to be decided by the conference and that will be clarified tomorrow but it is worth saying, too, ithink clarified tomorrow but it is worth saying, too, i think there is not really a sense that sir keir starmer�*s leadership is under any threat and in many ways he is enjoying at the minute what have been opinion poll leads suggested by opinion polls in different months —— recent months and, of course, any prime minister who has just brought in this rash of tax policy changes which labour believes gives a clear opportunity that can distinguish itself a new government. qm. opportunity that can distinguish itself a new government. ok, damian grammaticas. — itself a new government. ok, damian grammaticas, thank— itself a new government. ok, damian grammaticas, thank you _ itself a new government. ok, damian grammaticas, thank you much - itself a new government. ok, damian grammaticas, thank you much from l grammaticas, thank you much from that update.
they will try and push some of those ideas. we will discover tomorrow what will be formally on the conference agenda to be debated, thatis conference agenda to be debated, that is to be decided by the conference. that will be clarified tomorrow. worth saying too that there is not really a sense that sir keir starmer�*s leadership is under any threat. in many ways, he is enjoying at the minute what have been opinion poll leads suggested by opinion polls in recent months. and a new prime minister who hasjust brought in this raft of tax policy changes, which labour believes gives a clear opportunity that can distinguish itself from the new government. and both the labour leader and the chancellor will be on sunday with laura kuenessberg — tomorrow morning at 9 o'clock. a leading think tank — the resolution foundation — has said that middle income earners, stand to lose the most money from the tax policies announced yesterday by the government — with the very richest
mcauliffe in virginia. would have shown the economy in terms of relief on whether it is roads and bridges long-term or broad band or resiliency. we are where we are. the final details -- if i told you this has taken more time than i thought about, but when you talk about tax policy changes, taking it time to get it right is the right thing to do. one of my critiques is the 2017 trump tax cuts is it was rushed through. as a finance guy, there's devil in the details on the tax policy. >> neil: you said hit the lack of action in washington could have blowback for terry mcauliffe. if he were to lose today and i know you're convinced he will still pull out a victory, could it be traced to this lack of action? >> neil, i'll let you draw any kind of conclusions. i'll tell you this much about --
society, let's start with the most successful social insurance program in the history of the world and make sure that we look at whatever tax policy changes need to be made -- maria: right. >> -- to strengthen social security. maria: well, we know, we know that the tax cut plan lowered taxes for all income levels and that the corporate rate cut was really the centerpiece of the plan. are you saying the corporate rate should not have been cut? >> i'm saying -- maria: should the corporate rate still be at 35%? >> well, and here's the problem, the corporate rate is one element of it, but what we expected would happen is if the corporate rate were to be cut -- maria: right. >> -- that all the other benefits and what we would loopholes would be offset so that the corporate rate might come down, but the net effect is broader-based lower rates -- maria: right. well, they did take away all of those benefits as well. there are no more deductions. >> no. maria: i'm sorry.
ten hours meeting with the staff. the staff of your committee, the senate intelligence committee, no senators were allowed to participate, only staffers were there, but senatorman chin told me yesterday that the senators could go and read the transcript as early as today if they wanted to. i wonder what, if anything, you can tell us. >> i've been working around the clock on this tax bill because, wolf, we're talking about $10 trillion worth of tax policy changes. and i have never seen a process like that. we had a so-called conference committee. it was really a conference committee maybe for a reality show, but not anything in the real world. we didn't actually have a bill. we didn't have the opportunity to ask questions about it, and as i've indicated, i'm concerned that the republicans are writing in the black letter law a double economic standard. one set of rules for the well-connected, multinational corporations, very generous brakes, permanent, the middle class gets temporary ones, and by the way, the issue to watch
$10 trillion worth of tax policy changes. i have been a public service for a while. i have never seen anything like this. >> here is the problems for republicans. there are several senators with a range of issues. it's not just one thing leadership needs to correct. for example, the deficit and the debt impact published them too many. small business is what is bothering ron johnson and daines, and the individual mandate repeal is thorny for susan collins and jerry moran. also lindsey graham is concerned about. he talked it over with president trump today. >> yes, we met with senator collins. i am very much supporting the individual mandate, but when you do that, cbo says you have a premium increase of 10% on some people. >> graham is one of the
dagen: you didn't see the nasdaq hitting an all-time high early on friday but then you saw the bottom fallout and some of these really top performers facebook, amazon, google, apple and microsoft were all really weak. is that a sign of things to come? >> is they blew through a thousand dollars a share recently. that's really the story. the stock market is transcended the trumpet bump, so to say. it was driven by that early on, the optimism about tax policy changes, regulatory changes which we've seen some of but not getting more which was the expectation. i think the market thanks trump is in a slump and is not going to pass any of this stuff. they don't care any more than the late '90s market which is if you recall, was extremely hot would care about clinton policy which may or may not happen because of the scandal he was involved in. it became its own momentum driven situation where investors
all-time high. all this political noise we are hearing and we continue to see the markets drive higher. interesting from a markets perspective. they are waiting on the tax policy changes. remember, this pro-business government they are now seeing, the markets like that. when you look at small business confidence pushing forward, it was the regulatory overhang uncertainty that we saw elizabeth warren power over the years that was holding markets down, and when you see something like mike flynn gets removed from his position, and the markets view it as maybe things are tightening up in d.c. markets are liquid, and if they don't like it, they can sell in a minute. we're going to take a break. ers- in your case literally - and turn it into medical discoveries, diagnostic breakthroughs... ...proof that black holes collapse into one singularity. i don't know what that is. but yes. innovation runs on supercomputers... ...and supercomputers run on intel. you are super smart.