investors. basically, it s a little complicated. if you gave me a hundred dollars to invest and i was investing it for you, harris, i would then say okay. your hundred dollars turned into a thousand dollars. i will take 20% that had. that 20% should be my income, what i m being paid. they re treating it as capitol gains with a free pass. so, tax it. let s talk money here. this is crossed. i know people throw out the cvo score with the trash. it matters in terms, as i understand it, budget reconciliation what the house just, what everyone agreed on right. that allows majority vote of the senate. cvo analysis found this bill would push it to $1.7 trillion in debt. the bill cuts revenues by 1.4 trillion what the republicans allowed themselves
remember what milton friedman said. if you want less of something, tax it. take that taxes away, you reignite the engine of economic activity. it s not wall street. it s not mainstreet. it s your street where the difference is made for you will sit at home. that s what the american people are waiting on. kat: i think people trust president trump on the economy and like you said this represents confidence. people have confidence to spend money. talked about deregulation which is amazing. i love it when politicians talk about deregulation and creating jobs that way. i love that. on the other hand, sometimes i feel like he gets too involved in the coal industry and things like that don t see how that s different from president to event liberal and gotten involved in green energy. i think the less the president wants to do when it comes to businesses in our country, the better. eric: the way he is helping the coal industry is by removing
turning his attention to tax reform. what can we expect from the tax overhaul? connell: here to weigh in the host of varney and company stuart varney.he has had his coe this morning. connell: he came into the studio dancing. abby: i love it i wish we had on camera. connell: hope to never see again. you were just remarking the president s comments in shah sound bite we played he said tax reform not tax cuts. earlier on that same day he said massive tax cut. that s the very important. on the same day, treasury secretary mnuchin said tax reform that s too complicated. what we are like fly get on wednesday or later next week is a tax cut package. i think the president is going to concentrate on what is doable. what is doable is a cut in the tax rate. repatriot some of the $2 trillion in profits that companies have got parked overseas. bring that money back. tax it at a low rate and use the tax revenue to build
here s chris christie yesterday at yankee stadium, charity event. check it out. you got to say listen the guy is getting around pretty darn good. good job, chris christie. so the government really wants you to be healthy and you hear this all the time. they want you to exercise more and eat right. in d.c. last night in all of its wisdom, they pass ad yoga tax. this is a tax on wellness in d.c. to fund the city government. it s a new 6% sales tax on any personal trainer or exercise class that you want to go to and you know that old adage, the more you tax something the less you get of it. seems very short sighted to me. where is my yoga package? friday. on friday. isn t it the fittest city, d.c. tax it. exactly. they are taxing wellness. yep. that s insanity.
d.c. to fund the city government. it s a new 6% sales tax on any personal trainer or exercise class that you want to go to and you know that old adage, the more you tax something the less you get of it. seems very short sighted to me. where is my yoga package? friday. on friday. isn t it the fittest city, d.c. tax it. exactly. they are taxing wellness. yep. that s insanity. greg, you re up. you know, robots, they are coming for us. i.e. news anchors. not news anchors i m just a gorgeous man but in japan they are creating the world s first news reading android. they are life like and do the news four. all i have to say is watch out bill hemmer, your days are numbered. i ll still hire you or maybe you can do some catalog work as an under wear model.