It cuts tax on Small Businesses to 25 . Currently Business Owners pay an individual thanks rate. And it encourages companies to bring their offshore profits back to the united states. It would collapse the breaks the from 7 to 3. Although there is still talk of a fourth bracket for very high earners. It would double the standard deduction to 12,000 for individual and 24,000 for married couples. And an elimination of the estate and alternative minimum taxes. All week long i spoke with leaders and architects in washington of this plan. Here are some of the highlights. There is a reason we worked with the president at the senate and house together on this. This is bold, its transformational. We eliminated almost all deductions. For the rich it means though the tax rate came down some, all their deductions disappear which pays for it. Its deficit neutral. Well spark the economy and continue to grow. The focus should be jobs and economic growth. Already a lot of elements we are hearing that
To 25 . Currently Business Owners pay an individual thanks rate. And it encourages companies to bring their offshore profits back to the united states. It would collapse the breaks the from 7 to 3. Although there is still talk of a fourth bracket for very high earners. It would double the standard deduction to 12,000 for individual and 24,000 for married couples. And an elimination of the estate and alternative minimum taxes. All week long i spoke with leaders and architects in washington of this plan. Here are some of the highlights. There is a reason we worked with the president at the senate and house together on this. This is bold, its transformational. We eliminated almost all deductions. For the rich it means though the tax rate came down some, all their deductions disappear which pays for it. Its deficit neutral. Well spark the economy and continue to grow. The focus should be jobs and economic growth. Already a lot of elements we are hearing that will be encouraging in that rec
To 25 . Currently Business Owners pay an individual thanks rate. And it encourages companies to bring their offshore profits back to the united states. It would collapse the breaks the from 7 to 3. Although there is still talk of a fourth bracket for very high earners. It would double the standard deduction to 12,000 for individual and 24,000 for married couples. And an elimination of the estate and alternative minimum taxes. All week long i spoke with leaders and architects in washington of this plan. Here are some of the highlights. There is a reason we worked with the president at the senate and house together on this. This is bold, its transformational. We eliminated almost all deductions. For the rich it means though the tax rate came down some, all their deductions disappear which pays for it. Its deficit neutral. Well spark the economy and continue to grow. The focus should be jobs and economic growth. Already a lot of elements we are hearing that will be encouraging in that rec
Within the cabinet. Now on bbc news all the latest Business News live from singapore. A former hatejust a former hate just be trader is found guilty of fraud in 3. 5 billion currency deal. We check out how the shopping with science and the customers the guinea pigs. Good morning asia, hello word. It is tuesday and glad you could join us. We start off in the us and according to new york, they have found a former hsbc traded guilty in defrauding a 3. 5 billion currency deal in 2011. Markjohnson has been accused of exploiting confidential information. Joining us is our business reporter, monica miller. This court case is being closely watched in the Financial Community . Absolutely, it took the jury in brooklyn two and a half days to find him guilty of defrauding his clients in 2011. What prosecutors argued is johnson, with his colleagues at hsbc, inflated sterling right before they converted three and a half billion dollars into sterling and what he got in return was 7 million in profit
Shares of dow component nike rallying today after the company said it expected sales growth to be in the high Single Digits over the next five years the Company Holding its investor day investors are liking it so far so far. And mark parker will be joining us in a rare and exclusive interview to discuss more about his plans for growing revenue for the sportswear giant. Its the best performer in the dow components today President Trump said earlier this afternoon the u. S. Desperately needs tax cuts well talk about that and more, Congress Secretary wilbur ross will be here post nine joining us exclusively coming up in a little bit good lineup of guests. We have a good lineup today. Lets get to the top story. The market selloff continuing today. The major averages off the low right now but the dow was on track for the worst day since early september. Lets bring bob in here look whats driving the move lower today. Hello william finally volume and volatility and we should have it because w