So whats the first thing we do . We tax it. We call it earned income. While another category of income called unearned gets a preferential rate. This is a discussion we need to have. Second point, simplification. A few years back we had a Tax Reform Act here, a number of, it was controversial a number of us voted for it, it passed. Before doing that, i decided to run up the road and see someone who lives near where i do, his name is warren buffett. Warren buffett and i have different philosophical approaches on many things, but he was generous to welcome me to his office, we spept about an hour together, and i wanted to get his look at that tax bill and some other things. In an interesting exchange, he turned around to his credenza, pulled out a file, an old file, pulled out a single piece of paper, and said, jeff, do this. Lets do this. Put the tax code on a piece of paper. Simplification. Now, a tax coat in reality cannot always be cut. It has to be optimized. We have to run the gove
41 puts it in a socalled bear market. Alphabet shares on the rise. Energy giants on the move this morning after earnings, this, as oil sinks further into bear market territory. And, man, those exxon numbers werent good. And the dnc wraps up. Economic growth coming in well below consensus. 1. Versus 2. 6 expected. Gdp in europe disappointing overnight. S p and dow up a little bit. The best month since march but the first down week in five, perhaps. You had to go through a gauntlet. Apple. Facebook. Alphabet. And, amazon. And, i gotta tell you, 4 for 4 is pretty impressive. You see the nasdaq holding in there. Playing catchup. I didnt think we would go through the gauntlet unscathed. I felt one of them would screw up. I think the worst one was amazon and that was pretty great. It was not as huge an upside. And i have to tell you, their Conference Call has gone back to this opaque nature i cant stand. You know why the quarter was good . A fly wheel. Fly wheel . Thats like isnt that like p
Rights exhibit which you would have passed on your way in tonight, marks an episode when president Abraham Lincoln directly independent interseeded for american jews. The document is general grants to ber 1862 general order expel jews from the department of tennessee. Grant blamed jews for smuggling and demanded their immediate removal. Jewish citizens of paducah, kentucky, appealed to lincoln, expressing their outrage and lincoln counter manneded grants order. History cannot be written without the primary sources that tell us august. Incident rik lir auth incidentically what authentically what happened at a particular time. Grants order to expel jews and lincolns later order testify to a moment in history that many in the wider public are not aware of, yet it cannot be forgotten, because the records exist to tell us so. By brathing together and publishing the documents in his volume, dr. Zola has given access to a large number of primary source documents that present and future schola
Especially for the future. Good day, im Andrea Mitchell in Atlantic City where Hillary Clinton subpoena going to be holding a Campaign Rally this hour. Right now we are also following breaking news in baton rouge, louisiana, the citys mayor is about to address the Fatal Police Shooting sparking outrage today. Well bring that to you live when it happens. First breaking news from the white house. President obama making a major announcement today about u. S. Troops in afghanistan. After 15 years of fighting americas longest war. I am announcing an additional judgment to our posture. Instead of going down to 5,500 troops by the end of this year, the United States will maintain approximately 8,400 troops in afghanistan into next year through the end of my administration. The narrow missions assigned to forces will not change. And joining me now is nbcs richard engel. Richard, it seems to me that the president was sort of splitting the difference between what some in the military and certain
In . This is mtp daily and it starts right now. Good evening, im chuck todd here in washington, happy new year. Im back. Glad to be back. Welcome to another edition of mpt daily. Its opening day for a lot of us here and for the new republican congress. Schools in session. And appears republicans learned their first lesson the hard way. Especially when it comes to dealing with donald trump. Ethics and a public outcry. But at the end of a wild day were left with more questions than answers about what all the drama really means and by the looks of things, were not the only ones. Let me explain. On the eve of this new congress, House Republicans held a vote behind closed doors to strip what was known as the independent bipartisan congressional Ethics Watchdog Group called the office of congressional ethics of its power. That vote, after hours, on a federal holiday, no less, and without the support of house leadership, was supposed to be ratified today in a larger passage of rules bills. On