what happens is some of these guys, many of these guys then instead of taking income they borrow against the stock. they borrow and they pay a little bit of interest on that borrowing and don t have to sell and don t have to pay taxes on the sale of their stock and they re in a system that allows them to do it and circumstance come vents the entirety of the tax approach. yeah, well as you point out, they don t loans are not counted as income. you can take that loan at a lower rate to make a higher rate on your invemstments and there s no income in the transaction. i think it s important to make the point that what you re reporting happening here is it s legal and the way the system works. i mean, warren i m sure if there is anything illegal as you say you ll be going through this data all year but you mentioned warren buffet and he stands out reporting. he paid what you call a true tax rate of .1%, which shows what buffet himself has said for years is true including about
healthcare advisor for many candidates, we need to be more tailored in terms of the tax approach. where will we go from the senate? will we see a watered-down version of this? i hope it is improved, mitch mcconnell is making sure this is going to pass. democrats say there is no way this will happen because it is the senate, we will see some improvements, i hope we see improvements on the tax credit front. i also think republicans will reconcile this because they know they have to keep the promise they made to the american people to repeal and replace obamacare with something better. chris neck let s check with brian kill me for fox and friends . haven t been called bold in a long time.
companies are competing with one hand tied behind their backs. so you need lower we re proposing lowest business rates in modern history. our businesses can invest back home in a major way. neil: 15 to 20% from 35 or 40 where we are now? absolutely. you have to redesign the tax system. we re going bold there. part of this is matching what our competitors, china and europe and mexico do in lowering the rates and no longer taxing their exports. we propose to do the same thing and levelling the playing field for imports and exports do. it s a simple but powerful game-changing tax approach. neil: you mentioned imports and the wall. a border tax on mexican imports to go anywhere from 5 to 20%. the white house saying among
obama care. let s listen to what he said. this was at a meeting of conservatives in richmond, virginia. right now the position of harry reid and the democrats and the president is we re not going to talk, we re not going to negotiate or find a middle ground, our terms are simple, complete and total surrender to everything we say. if you don t fund everything we want, nothing can be funded. so the hope right now is that behind the scenes you do have now and in front of the scenes at this point, susan collins coming up with this interesting tax approach that could be a solution, so let s stand by and hope that happens. coming up on state of the union, candy crowley will be
it should be set out in law and fairly enforced by the tax authority. individuals have their own moral compass that guides what they choose to do. starbucks does appear to feel the heat of public pressure. saying we need to do more. we are looking at the tax approach in the u.k. the u.k. said it will tighten its tax regime but it has not said how. other european countrys have similar concerns. with some calling for more uniform taxation across the e.u., so some countries don t become tax havens at the expense of others. bret? bret: amy kellogg in london. thank you. the supreme court here in the u.s. is weighing in on what would seem like unusual matte matter.