Mcshane. Glen hall. Independent women forum had hadly heed manning. What time frame were looking at. Looking like it is going in his direction. So much hundred unusual that whether it would get done minutia. They want this thing finalized by today. You start debates next week. Midweek the plan still is to have the president signing into law which is interesting because once you get to the end of next week, it is not talked about as much today, again were talking about all the details of getting this particular bill passed, you run up against the other deadline, making sure the government is funded, not shutting down next friday. Still trying to get you will of that done before then seems to be the rule. Neil i hear you. Glen, one thing you immediately hear of, as soon as one concession to made to senator to keep him in line you tick others off, right. You will hear others how we pay for it. Neil corker, why he was a no vote going in. Might remain a no vote. That is the challenge. They
Developments and the likely tax package everyone put the proverbial john hancock on this except the man who counts the most, the president of the United States. The companies are putting the money to work before its in their hot little hands, you heard a lot about that. So is connell mcshane, doing reporting on this and from the folks at wells fargo, planning big things. Reporter thats one of the Companies Making a big move. The bill hasnt been signed into law yet and have a number of Companies Looking to share the wealth. A small sample up on the screen, there have been more that announced but you talk about at t, boeing, comcast, southwest and were outside of wells fargo location here in new york. Theyve all made some sort of announcement what they hope do with the savings that they will have. Theyre not all equal, want to talk about the banks, if you looked at industry, especially the banks that have big operations domestically, wells fargo is an example of that. They pay a relative
Thec implementation. Reporter they absolutely nailed it with this second time frame of legislation on taxes to the president s desk by christmas. There had been a couple different scenarios though over the last week as to when the president would actually sign the bill, and one of those options was that he might wait until january, until the Congress Gets back here, and that they would have some sort of celebration to start the year off with a bang. As we saw within the last hour inside the oval office. He explained it by saying he wanted to keep that promise of tax legs signed by christmas. Tax legislation signed by christmas. I am keeping my promise, i am signing it before christmas. I said that the bill would be on my desk before christmas, and you are holding me literally to that. So we did a rush job today. Its not fancy. Reporter now, over the last couple of days or so the president has touted the handful or so of major corporations that have said they will now, because of this
Life, hi everyone glad to have you im neil cavuto. Well, at t, comcast, wells fargo quite a few Companies Already handing out bonuses making new investments because of the republican tax cut Charles Payne says more will likely follow their lead, also joining in is charlie gasparino, weve got deirdre b back with us and along with ben stein. Charles what do you make of this , early signs that look like were getting more than we thought from some companies. Its alive. Its alive. Neil [laughter] thats not bad. The economy is already rock ing and rolling and we saw already theres a whole slate of names the biggest tell a lot of people miss it tuesday, fedex reported and in their report the ceo said we are going to hire people were going to spend money on infrastructure, and were going to fund our pensions and we are also going to do that and have a buck extra for the bottom line was the first on tuesday, so this i dont see how anyone could be against this and certainly is going to be an up
Without doing anything at all. Is that the real worry hi everybody im dagen mcdowell, this is bulls bears. The bulls and baser this week gary b. Smith, jonas max ferris, John Layfield and chuck rocha. Welcome to everybody. Gary b. , are these democrats worrying about the wrong thing . Well theyre worried about 1. 5 trillion to the deficit which i disagree with but here is the problem. The debt is forecasted to be over the next few years 88 trillion. Its inescapable and here is why 0. 92 of every dollar the government takes in they spend on entitlement programs, Social Security medicare and medicaid plus interest, do you know what those are forecast to increase over the next few years Social Security 62 medicare 73 medicaid 45 , dagen . The problem is not tax cuts. Its not tax revenues. The problem that we have this Big Entitlement Program moving through, increasing increasing over the next 10 years, if you include state and local spending , the government total federal state and local