That should be the basic ingredients of tax reform. First it should be fair to taxpayers of this country. The tax bill enacted two years ago was certainly not fair. It failed in that test. As i pointed out, who benefited . Well, large corporations benefited dramatically by this bill, but they said look, well pass it on to the workers. But did they pass it on to the workers . In 2018, 1. 1 trillion were used to repurchase stock to make the wealthiest even wealthier and did not go to the benefit of the workers. It benefited the greatest on the personal income tax side to the highest income taxpayers. They are the ones who benefited the most. It was not fair to middleclass taxpayers. Secondly, a tax reform bill should be fiscally responsible. After all, we have taxes in order to raise revenue, in order to pay for services so we dont borrow from the future for our children and grandchildren to pay for what were doing today. The administration said that this would be a fiscally responsible
And they want it today. Consumer spending up, better than personal income. Lets go to the big picture with the three charts you need to see. Up about. 5 . In the last three days, we have added 2. 5 . We are at another new alltime high on the s p 500. Look at the 10 year. The taper is getting worked into the market. 2. 93 . Only up this is the third day in a row we have not been able to get much higher. 3 seems to be the ceiling. Ice storms in the midwest and canada have been brutal. You see gas up again over 1 . Many people have lost power. We hope they are safe and get the heat on. Look. Is my holiday professorial, kind of christmasy. Happy december 23. These of the stocks were watching as we head into the close. Julie hyman keeping an eye on things. Lets take a look at kb homes peer the shares rallied 7 . Citigroup saying it is more positive on builders. They raised kb to neutral from sell. Enough to give the stock some pop. These shares have not risen as much as the Broader Market i
[ cheers and applause ] there are 220,417 reasons to talk about coronavirus. There are nearly 60,000 cases per day in the u. S. And rising. The person whose response failed upon most objective measures is not fixing his governments approach to the crisis, instead he is suggesting we ignore it. The president doesnt even regularly acknowledge the huge loss of life that we have experienced here in the last nine months. In fact, he has instead questioned whether the horrifying number is accurate. 220,000 dead. We cover covid for them and the ones who they leave behind, forced to say goodbye through a phone screen. I thanked him for being the most amazing husband. Cherished and loved every single day, every single day my husband wrote me beautiful love letters in the lunch box, not just have a great day, just beautiful letters about what i meant to him. I thanked him. I thanked him. And then i prayed and then the doctor took the phone and he said im sorry, but theres no more pulse. And then
One thing, getting Great Health Care for this country. That was a big chunk. And as far as subsidy is concerned, i dont want to make the Insurance Companies rich. If you look at their stock price over the last number of years, take a look at whats happened with the Insurance Companies. They are making a fortune by getting that kind of money. Yes . How long can you [ inaudible ] we will see what happens with iran. We are very unhappy with iran. They havent treated us with the kind of respect they should have been treating. They should have thanked barack obama. They were gone. They were economically gone. He infused 100 billion to 150 billion into their economy. Gave them 1. 7 billion in cash. They should be, thank you, president obama. They didnt say that. You said you would declare National Emergency we are studying National Emergency right now. Believe it or not, doing National Emergency as you understand it is a very big statement. We will be doing that. My wife, melania, who happen
Chris Matthews debates hot political issues with politicians, newsmakers and Washington leaders. Sunday in washington d. C. Closely following the terrible events in charlottesville, virginia. We condemn this egregious display of hatred and bigotry and violence on many sides. I think there is blame on both sides. In his decision this morning to once again get into the culture war by attacking mostly black athletes for kneeling. Trump writing the nfl players are at it again taking a knee when they should be stands proudly for the national anthem. He added be happy, be cool, a Football Game that fans are
paying so much to watch and enjoy, is no place to protest. Stand proudly or be suspended from playing. Kenny stills wrote we were not protesting the national anthem, we were actively working to create. I am joined by ashley parker, eugene scott. Thanks to all of you for being with us. Ashley, let me start on the question of the president , this is not the first time we have seen this choo