For the first time in ten years. It begins with tax day on capitol hill after an unexpected delay yesterday, House Republicans set to officially roll out their tax reform plan this morning plus, dead serious about russia facebooks ceo, Mark Zuckerberg, promising increased efforts to police content on the social media platform and trouble for tesla, the automaker missing a model 3 production goal, reporting its largest ever quarterly loss. Right now, House Republicans and ways and Means Committee chairman kevin brady meeting on capitol hill as they get ready to reveal their tax plan. It calls for a corporate rate cut to 20. The repatriation would be 5 cash, 12 other assets, 30 of passthrough income subject to a lower rate there would be four tax brackets for individuals, the top rate remaining at 39. 6 and a phaseout of the estate tax. The journal saying that corporate will be permanent, with no phaseout although this has literally changed four or five times in the past day or two. I th
Federal reserve governor Jerome Powell will be the one to get the nod to replace janet yellen, who actually was up for it. There is a mystery here, why replace janet yellen with basically what many experts see as her identical twin when it comes to the pace, you cant be if youre a guy, fraternal twin when it comes to the pace of Interest Rate hikes . Powell in lockstep with janet yellen on just about anything. What dont we been him that makes him President Trumps number one choice . Powell would be by the way the first fed chair in four decades without an advanced degree in economics. No ph. D. Either. He is a princeton grad, law degree from georgetown and wealthiest Federal Reserve chair since 1948 with a career spanning from wall street to washington. Hes been a fed governor since 2012, a former assistant treasury secretary i believe under Nicholas Brady and former partner at private equity firm the carlyle group. Charlie gasparino in the newsroom, way out in front of the fed chair s
The dodgers you dont score like that. This was a great series played out to game seven the perfect ending would be a great i remember when the reds won, i didnt want a nail biter. You just want it over for houston fans, they love the 51. For everyone else the franchise never won before i was hoping for something where where you stayed up late. There they are. I didnt get to see it. Im happy for them. Somebody said the dodgers are celebrating in these strange orange jerseys larry king was not happy theres jim crane. Had him on as a guest. Did you see larry king behind home plate i did not scowling. I think thats his natural face im becky quick. Joe kernen is here andrew is out today. Weve been watching u. S. Equity futures. Yesterday we saw the nasdaq hit an intraday high during trading. It ended up giving some of that back by the end of the session the dow and nasdaq ended higher. This morning there are a few givebacks. Dow futures down by 14 points. S p futures down by 4. Nasdaq off b
Members will go throughout the bill line by line and suggest changes. Live coverage begins at noon eastern on cspan2. House ways and means chair kevin brady discussed the g. O. P. Tax reform plan with politico reporters at the museum in washington, d. C. He talked about the supportive role President Trump had played in drafting the legislation. And said he anticipated the same engagement from the white house as the bill was set to move forward through the markup and reconciliation process with the senate. His is about 40 minutes. [applause] good afternoon. Thank you so much for joining us. We are coauthors of the politico playbook. We are very excited for the event this afternoon. I want to thank all of you in the room and those on livestream and the cameras in the back who are joining us to have this great conversation with congressman kevin brady. Obviously the timing could not have been better. Hes chairman of the ways and Means Committee, writing the tax proposal that came out yest
Hes chairman of the ways and Means Committee, writing the tax proposal that came out yesterday. So were going to be going into all of the details of whats happened so far, what to expect in the coming days. Thanks. Before we get started with the program, id like to extend a special thank you to our partners at the business round table for their support in making this event possible. Here to say a few words is joshua bolten, president and c. E. O. Of the business round table. Joshua good afternoon. Business round table is pleased to partner with politico for this event and to introduce chairman kevin brady. Mr. Chairman, it has to be said, after decades of false starts and frustrated expectations, what an amazing accomplishment this week. Im speaking, of course, about your Houston Astros winning the world series. [laughter] [applause] on top of that, youve crafted a pretty damn good tax reform plan, one that provides substantial relief for workers, families and businesses. We at the bus