To come back from this. They take us further, more deeply into debt. What can you do but raise taxes . Dagen armageddon . Really . Hi everybody im dagen mcdowell. This is bulls bears. So bulls bears this week, gary b. Smith, jonas max ferris, John Layfield along with stacey washington and adrian elrod. Welcome to everybody. John . Armageddon, really . Look this political talk has reached a new level of crazy. Where was this dooms day prediction when nancy pelosi with the rest of her congressman republicans and democrats watched debt go from 5 trillion in 2000 to over 20 trillion today. Where is this dooms day vision that she has when she says that debt is going to be 10 trillion more in the next decade . So were looking at 31 trillion in debt according to all cbo predictions shes about 1 trillion added on to that so youre ignoring 96 of our deficit talking about dooms day predictions with this and look ive looked at the four major tax cuts the last hundred years and closest to this is
Theres really a very hard way to come back from this. They take us further, more deeply into debt. What can you do but raise taxes . Dagen armageddon . Really . Hi everybody im dagen mcdowell. This is bulls bears. So bulls bears this week, gary b. Smith, jonas max ferris, John Layfield along with stacey washington and adrian elrod. Welcome to everybody. John . Armageddon, really . Look this political talk has reached a new level of crazy. Where was this dooms day prediction when nancy pelosi with the rest of her congressman republicans and democrats watched debt go from 5 trillion in 2000 to over 20 trillion today. Where is this dooms day vision that she has when she says that debt is going to be 10 trillion more in the next decade . So were looking at 31 trillion in debt according to all cbo predictions shes about 1 trillion added on to that so youre ignoring 96 of our deficit talking about dooms day predictions with this and look ive looked at the four major tax cuts the last hundred
Committee have been invited to that meeting. Adam shapiro has all the very latest. Adam . Reporter neil, some of the parameters of the deal we already know. Remember all of this has to pass what they call the byrd bath. It is being scored. If it doesnt pass or meet reconciliation guide lines in the senate and they have to go back to the Conference Committee to work that out. Here is what we know. Corporate tax rate, 21 . Top individual rate, 37 . You would be able to deduct 20 reduction from your taupe rate, top income rate if youre a small business. Mortgage interest deduction, this was agreed two days ago. Interest deduction on mortgages up to 750,000. As you pointed out the president is going to be having lunch with republican members of the Conference Committee, conferees. No democrats were invited to this here is what chuck schumer, Ranking Member in the senate had to say about where tax reform is headed. It is hard to believe they could make this new tax proposal even worse for t
Noise and astound you. Government regulations cost this economy 1. 9 trillion a year. Put it in perspective thats about 50 of the tax revenue that the government takes in, thats 10 of our gdp. Do you know what donald trump has done . Cut those regulations by 32 . Hes a bigger cutter of regulations than Ronald Reagan was. If he goes down for one thing in his legacy, its cutting all of this government red tape. Its going to make the economy stronger. It may even be bigger than any tax cut we could all get. Dagen john i no one thing that the dow just among the market gauges is up about 25 this year and stocks were surging even before a tax bill was even really being talked about in washington and why is it . Its cutting all that red tape. Yeah, i agree with that and look, you had the Morgan Stanley plan index has the highest business that weve had since 2007 according to the latest survey because businesses are feeling more comfortable but gerri b. Has great numbers but you also look at r
Noise and astound you. Government regulations cost this economy 1. 9 trillion a year. Put it in perspective thats about 50 of the tax revenue that the government takes in, thats 10 of our gdp. Do you know what donald trump has done . Cut those regulations by 32 . Hes a bigger cutter of regulations than Ronald Reagan was. If he goes down for one thing in his legacy, its cutting all of this government red tape. Its going to make the economy stronger. It may even be bigger than any tax cut we could all get. Dagen john i no one thing that the dow just among the market gauges is up about 25 this year and stocks were surging even before a tax bill was even really being talked about in washington and why is it . Its cutting all that red tape. Yeah, i agree with that and look, you had the Morgan Stanley plan index has the highest business that weve had since 2007 according to the latest survey because businesses are feeling more comfortable but gerri b. Has great numbers but you also look at r