Post. What did the president and Trump Administration announced today . They announced major changes to the Corporate Tax system and the individual tax system. They lower the Corporate Tax rate, the rate businesses pay from 35 to 15 . Also allowed Small Businesses that pay through the individual income tax system to use that 15 rate as well. They think that will create more hiring, investing, and more money to slosh around in the economy to create more revenue. On the individual side, they proposed eliminating the seven tax racket that currently exist, replacing them with three brackets. And incentivizing people to no longer itemize their deductions and a host of other things they think will help the middle class and low income people. Charlie do most people think this will stimulate Economic Growth . A lot of people believe if you cut taxes, inevitably people and businesses will have more cash to spend and invest. But if you cut them by this much and it leads to this much of a drop in
Post. What did the president and Trump Administration announced today . They announced major changes to the Corporate Tax system and the individual tax system. They lower the Corporate Tax rate, the rate businesses pay from 35 to 15 . Also allowed Small Businesses that pay through the individual income tax system to use that 15 rate as well. They think that will create more hiring, investing, and more money to slosh around in the economy to create more revenue. On the individual side, they proposed eliminating the seven tax racket that currently exist, replacing them with three brackets. And incentivizing people to no longer itemize their deductions and a host of other things they think will help the middle class and low income people. Charlie do most people think this will stimulate Economic Growth . A lot of people believe if you cut taxes, inevitably people and businesses will have more cash to spend and invest. But if you cut them by this much and it leads to this much of a drop in
Charlie welcome to the program. We begin this evening with President Trumps plan for tax reform. Joining me Dennis Berman and peter coy and Damian Paletta of the Washington Post. Its drilling a hole in the bottom of the lifeboat. Its going to kill the revenue. Now, as dennis said there may be offsets to it and yet the offsets you would think about such as spending cuts are hard to imagine. Charlie we continue with our series of conversations about President Trumps first 100 days and this evening we look at Foreign Policy. Join me katty kay of the bbc and ian bremmer of eurasia group. I think hes still embarrassing himself and making statement dont comport with reality. Obviously. But look, when he came in place and you spoke about it the expectation was domestic policy would be hard to move the needle much but Foreign Policy could be very volatile. Theres been learning as katty suggested. Theres no crises so far but the substantive issues hes handle in a way whether you like or not you
Charlie welcome to the program. We begin this evening with President Trumps plan for tax reform. Joining me Dennis Berman and peter coy and Damian Paletta of the Washington Post. Its drilling a hole in the bottom of the lifeboat. Its going to kill the revenue. Now, as dennis said there may be offsets to it and yet the offsets you would think about such as spending cuts are hard to imagine. Charlie we continue with our series of conversations about President Trumps first 100 days and this evening we look at Foreign Policy. Join me katty kay of the bbc and ian bremmer of eurasia group. I think hes still embarrassing himself and making statement dont comport with reality. Obviously. But look, when he came in place and you spoke about it the expectation was domestic policy would be hard to move the needle much but Foreign Policy could be very volatile. Theres been learning as katty suggested. Theres no crises so far but the substantive issues hes handle in a way whether you like or not you
Reality. Obviously. But look, when he came in place and you spoke about it the expectation was domestic policy would be hard to move the needle much but Foreign Policy could be very volatile. Theres been learning as katty suggested. Theres no crises so far but the substantive issues hes handle in a way whether you like or not you can say its been competent. Charlie we conclude with the director James Ponsoldt with his film the circle starring emma watson and tom hanks. Technology sort of can give a. To who we are for better or worse. Ive heard people say it can amplify your humanity. Whatever that means, and the aspirational qualities the terms people use connectedness. Its a pseudospiritual bent where its us trying to make better versions of ourselves through technology. Charlie the Foreign Policy and the circle. Funding for charlie rose is provided by the following and by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communi