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The ICAEW Tax Race: 54 years in the making
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Warum am Wochenende viele Oldtimer durch Franken unterwegs sind
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universal pre-k. lawful permanent status and a host of climate projects an an extension of the child tax cuts. the paid fors including changing the tax race for individuals making more than 400,000 a year. joining us now is tim kaine. senator we got our first look at the package this morning and we know there is not unanimous green amount the details. how much do you expect the final version to be different from what you re laying out right now? yeah, this process sets up an instruction. and then the degrees, we re allocated funds for our priorities, and we have to write the detailed bill and do it in a way to get 50 out of 50 votes to
acknowledge that. thank you, senator. senator booker, do you agree with that strategy? we actually have a real problem with the tax race, tax loopholes, tax cheats. and i don t agree with the wealth tax the way that elizabeth warren puts it, but i agree we need to raise the estate tax. we need to tax capital gains as ordinary income. real strategies will increase revenue. but here s the challenge, we as democrats need to fight for a just taxation system. but as i travel around the country we democrats also have to talk about how to grow wealth as well. when i stood in church recently and asked folks in a black church how many people here want to be entrepreneurs, half the church raised their hands. if we as a country don t start talking if we as a party don t talk about how to create wealth, to grow businesses, how to have their american dream.
genuinely a successful man. shannon: donald trump tax race 25% and president obama paid 18.7% and bernie sanders paid 13.1% and comcast paid 24% in 2014. mr. speaker he had a higher effective tax rate than any of those critics. right. as trump himself said at one point nobody volunteers to pay extra taxes. it s perfectly reasonable and ironic bernie sanders is so successful at avoiding taxes but it s also a good argument for speaker paul ryan s efforts to get tax return. if we had a simpler tax code with a lower rate but one that made more sense i d rather have people pay taxes than lawyers
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