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Detailed text transcripts for TV channel - CNN - 20181216:15:29:00

Brewing in britain. one that might prove even more damaging. eight years ago, the united kingdom instituted an austerity policy, a series of deep cuts to public spending to respond to a large and growing budget deficit. the results were the subject of a report released reasonable by phillip austin, the u.n. special repertoire on extreme poverty. he exhaustively catalogs the toll these policies took and his numbers astound. homelessness shot up 60%. the number of rough sleepers, the people compelled to sleep outdoors has increased between 2010 and 2016 by 134%. and the majority of those in poverty in britain, nearly 60% of them belong to households in which at least one person works, so we re not just talking about the unemployed. not surprisingly, these policies will likely widen inequality. the bottom fifth of earners in ....

Austerity Policy , Crisis Brewing , Deep Cuts , Phillip Austin , Budget Deficit , Special Repertoire On Extreme Poverty , Bottom Fifth ,

Detailed text transcripts for TV channel - FOXNEWS - 20150816:22:06:00

For decades, and let s take a look at what the congressional budget office, a non-partisan government agency says would be the impact of your policy. currently, the bottom fifth of households, in terms of their income in the u.s., pays an average federal tax rate of 2%. while the top fifth pays an average federal tax rate of 21%. again, if your flat tax is somewhere between 10 and 15%, just looking at that statistic, the bottom gets hit while the top makes out. okay. well what we have to think about, chris, is how do we fix the economy so that it encourages entrepreneurial risk-taking and capital investment. how do we create a ladder that allows those people in the lower income brackets to move up that ladder. that s what we need to be concentrating on. not how do we make them comfortable in that situation. that s not what america was all about. ....

Tax Rate , Government Agency , Bottom Fifth , Congressional Budget Office , Takea Look , Flat Tax , Chris Wallace , Capital Investment , Risk Taking , Income Brackets ,