equipment in factories that can lead to hiring. that s according to a survey of top business leaders. the bill slashes the corporate rate. it offers incentives to bring foreign cash back home. unemployment is at a 17-year low so business tax cuts don t guarantee a hiring boom. in fact, a recent survey found fewer than half of ceos plan to ramp hiring in the next six months overall. instead investors expect wall street not main street to help with buybacks. and one businessman calls it pure fancy. bloomberg calls it a trillion dollar blunder writing that ceos aren t waiting on a tax cut to jump start the economy. republican senator jeff flake voted yes on the bill then tweeted early this morning this. a bipartisan bill will be on the senate floor in january. he s referring to the so called
ceos aren t waiting on a tax cut to jump start the economy. a favorite phrase of politicians who have never run a company or to hand out raises. it s pure fantasy to think that the tax bill will lead to significantly higher wages and growth as republicans have promised. you laugh in the face of michael bloomberg, congresswoman, why? i do. because many of the things he says are not true by other statistics and other folks that have given us information, such as, oh, the ceos won t give increases in wages. we know that is true. that study has shown that when companies grow, it benefits their employees. and so, you know wing what he s saying maybe from his own perspective, his own opinion, but overall, we know that when businesses grow, so do employees do better. as a matter of fact, there was an article just out there this weekend from the ceo of delta, who said, when we are able to grow, when we see the economy joel jolted, it helps everybody, including our employees. and here in the
savings. he calls the tax bill a trillion-dollar blunder in an op ed. he writes that ceos aren t waiting on a tax cut to jump-start the economy and that it s pure fantasy to think that the tax bill will lead to significantly higher wages and growth. he says he s a friend of gary cohn, who is one of the chief architects of the tax reform effort, and he says his friend, gary cohn, is wrong. what steve mnuchin doesn t say about high-tax states is those are also blue states, so that s an easy political move for the administration when they re not jeopardized at all. this is true. this is true. and look, when you look at this tax bill, it really benefits real estate developers and investors like the triumphumps kushners, and that s part of the controversy as well. we don t have the president s tax return, so we don t know how the president would stand to benefit, but many tax scorers say this is very good for the trump family. in california, intense winds whipped the huge thomas wil
the yale ceo summit. it offers incentives to bring foreign cash back but companies still have plenty of cash. profits are rolling in and unemployment is at a 17-year low. so business tax cuts don t guarantee a hiring boom. in fact, a recent survey found fewer than half of ceos plan to ramp up hiring in the next six months. investors expect wall street, not main street, rewarding shareholders with bigger stock buybacks. michael bloomberg calls the bill a trillion dollar blunder writing that ceos aren t waiting on a tax cut to jump start the economy. let s bring in our congressional correspondent for the washington examiner. good to see you. good morning. we will get into the details of this bill, but when you take a step back, 2010, democrats rewrite, overhaul our entire health care system with the highly unpopular bill.
insider and msnbc contributocon. also joining us, bruce bartlett, former deputy assistant secretary of the treasury under president george h.w. bush, and author of the truth matters. we have the conference report, a combination, a compromise between the house and senate. and lo and behold it s even better for rich taxpayers. yeah. well, there really wasn t much doubt about that. the only question was how much. the but the idea that this is going to jump start growth is just complete nonsense. and josh s father thinks that it will. i ll be interested in hearing how he squares that. but i think the likelihood that we re going to get something positive out of this legislation is just rank nonsense. mike bloomberg had this to say today. ceos aren t waiting on a tax cut to jump start the economy. a favorite phrase of politicians who have never run a company or hand out raises.