We would reduce to 22 . The current bill has it at 20 but 22 is just as competitive as 20 . Just like the current bill, it would be lower than the global average rate of 23 and just like the current bill would move us from last place to third place among the g7 countries. So it is just as progrowth. It makes us just as competitive, but it allows us to do the proworker reform that we decimately need. That we desperately need. It allows us to change the Child Tax Credit in the current bill to help working families even more. It would make it fully refundable up to the amount you pay in payroll tax. It would eliminate the marriage penalty, meaning that you would be paying more in taxes if you were a marriedum than you would if you are an individual. Number three, it would index it, the tax credit, to a chained c. P. I. , which means as inflation and the cost of living goes up, the credit doesnt lose its value. The one thing i want to emphasize is, who does this help . I have had some peop
Stocks have added to gains since all of that news started to come out. People asking whether fridays low was the bottom joe, what do you think is it going to hold . I cannot give you the answer to that thars a good thing secondarily, the fact this is just an equity correction and not a portfolio correction doesnt present the risk to global synchronized growth thats very important. Is the worst over yes yes. That doesnt mean that we dont test it. What we see when we see a big spike is significant spike like this one we shorten the time frame because of the speed i dont think we go back there ill be surprised if we can push back into the low 30s because were not just with moves like today. Youre 1. 4 . Youre not in the 30 volatility range. In other words, i think a lot of folks that needed to get protection grabbed it last week. Some at really bad prices. Some hopefully kept their hands in their pockets and didnt make the bad decision youre a buyer of stocks and a number of different one
He has the toughest reelection race of all Senate Republicans in 2018, but he jumped on board with this bill right away and introduced it to the senators. Also, former senator Rick Santorum from pennsylvania. He has taken a bit of credit for this bill, saying he is kind of comparing this to welfare reform in the 1990s, which was considered a big conservative win. He says he went to senator failedafter the senate to reveal the Affordable Care act in july and said, why did you do Something Like welfare reform fiasco welfare reform . Really, senator graham and cassidy are kind of the brain children behind the span behind this plan, and thats why it is called graham cassidy. What are you hearing from the states, from the executives themselves . Jennifer the republican governors are pretty split. We have seen some republican governors saying yes, we love the idea, give us control. We want that authority, we want those dollars, and we can do the system that is best for our states, but other
Bill cassidy of louisiana and bill graham. What is in this measure . This is the last ditch effort therying to repeal Affordable Care act. What it will do is change the existing system of the Affordable Care act into a block grant. Ttates would get a se amount of money. They would take those dollars and implement either a plane similar to the Affordable Care act, they could go singlepayer or a conservative route and undo some of the parts of the Affordable Care act. Particularly the Consumer Protection some folks like. These are the preexisting conditions, things like that. Governors would be able to undo those things and have this pot of money to implement their own system. We will take a look at some of the details offered up i senator graham on the senate floor. Medicaidraham we keep in place. We try to get more flexibility because indiana is a good example of what can happen if you give states flexibility. One thing i dont like, you can run to the emergency room and we pay a big bi
System of the Affordable Care act and change it into a block grant. States would get a set amount whatever they wanted care act, they could go single whatever they wanted in their Health Care System. They would take the dollars and implement a plan similar to the ffordable payer, or they can go a conservative route and undo some of the parts of the Affordable Care act particularly the consumer protexases that some folks like. The preexisting conditions, things like that. Governors would be able to undo those things and have this pot of money. Take a look at some of the details offered up by senator graham and well come back to our discussion. We keep medicaid in place as it is today. We try to give more flexibility because indiana is a good example of what can happen if you give states flexibility to help poor people. One thing about medicaid, is you get a headache you run to the emergency room. I want them to have some ownership. If you smoke thats something that ought to be considere