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Play by the rules. Dont steal our intellectual property. And then answered questions on taxes. Reform is as important as tax cuts. First to do it since reagan. Bonuses. Now its who will give the most. Repatriation. Very happy to see apple invest 350 billion in america. Overall, our president promoted america forcefully. As to what he brought to the table as president , making money, he said. Im good at it. Peculiar now disappointment this morning in the economy on the october through december period, it is growing at an annual rate of just 2. 6 . Not as strong as weve been hoping for. Yes, it could be revised later but thats a disappointing number. No complaints from investors. Stocks will open higher again this morning. We should be up about 26,400. The dow rally. I should say the trump rally has now added 8. 4 trillion to the value of all stocks. We do have two political headlines. The white house immigration plan spends 25 billion building a wall and allows 1. 8 million illegals a p ....
Of these tax changes. So no net cost to the government over time. And you have peoples income up about 10 and additional jobs so more people are working. Now that is close to a free lunch as you can get. And thats the damage done by the current tax system. All the neutral tax systems are a means of getting the three layers of tax. Some are collected at business level. Some collected only at retail. Now my favorite, the personal expenditure tax is put down your income subtract your savings pay tax and whats left . That way each year you sit down and fill out a form and you say, they took what . And then you dont vote for them again. Where laz the retail sales tax might be nickelled and dimed and you may not save all your sales receipts and realize what has happened to you. But there are conveniences of doing it one way or the other. We have to take a look at those. These are all efforts to get away from the horrible horrible effects of the income tax and moving to a more sensible neutra ....
Prosperity. And you heard alvin just say over and over again, consumption based tax. My job on the panel is to try to explain why thats important. Its important because the current tax system treats income that you sai and invest much much worse than the income you can consume. Think about it in this very simple fashion. You make some money. You pay tax on that money. Whats left . Disposable income. Aftertax income. You have two choices of what to do tw the aftertax income. You can consume it right away, or you can consume it in the future. Whats consuming in the future . Its saving and investing. Now, lets think about how the federal tax system theets though two choices. If you consume your aftertax income right away, the federal government, by and large leaves you alone. Yeah we have a federal excise tax on gasoline. We have a federal excise tax on bows and arkansas rowrows, but theres really no federal tax on your income. What happens if you save and invest your income instead . Bet ....
Soychbility supported by family and defense attorney she feels confident her son 21yearold mark estrada will be cleared. Im devastated. The whole they think. Devastated for the officer who passed away. Devastated for my son. In the courtroom estrada faced murder firearms charges as well as special circumstances enhancement of murder of a peace officer lying in wait and driveby. Hayward chief and many officers packed the courtroom a in solidarity of Sergeant Scott long and the case. Eye heavy with emotion. None of them addressed reporters. I know no words that could even touch to help them and i mean i dont have the word but i really feel for them too. I do. Court documents say lung partner had brief verbal contact before lung was shot in the head. The same documents outline investigators evidence against east strad a. They say bullet hole through the east seat of the truck consistent with the wound and they recovered dna evidence. ....
Knew right away that something was wrong. He immediately reached for the gun hidden in his nightstand. And then the bedroom door started opening. Just went to the door, pulled it open, and stuck it in his face. Reporter on the other end of the gun was the robber. He had no way of knowing if he was armed. He yelled for his wife to calm 911 bedroom. She grabbed ask phone and called 9d 11 and retrieved her 9 millimeter 911. Reporter they waited for police. Akron Police Arrested the robber but it wasnt until he started processing the scene that they found the robbers sweatshirt laying on the couch. Claimer. Reporter it made the couple more grateful to be alive. He was arrested for ago grated bloor ri aggravated burglary. A man stumbled upon something no one wants to find, a bag containing human this happened this afternoon. We were there as investigators put up triem tape and combed the field for evidence. They dont know who the pers ....