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bob iger is about to join us as disney buys a big chunk of 21st century fox. retail sales up 0.8. but we know what the lead is today. yep, we finally got the deal we ve been talking about now for more than a month, of course disney buying those fox assets that we ve detailed time and again over this last, let s call it, five weeks or so since we first brought the story to you of the talks between the two it is a large deal, to say the least. depends on how you want to value the equity right now, at current prices, and if you take into the considerations that minority interests, it s about 55 billion in equity. some 515 million shares of disney will be exchanged for the fox businesses that are going to be sold to disney. we re talking about a deal with an enterprise value of $69 billion. they ll take on $14 billion worth of debt. tax liability which i finally got clarity on, $8.5 billion to fox. that is the spinco, could come down as a result of tax reform, the lower t ....
far welcome to squawk alley for a wednesday. john fortt, sarah eisen and myself watching the market creep a little higher. dow up 37. white house expected to unveil a tax plan later this afternoon. stev stev steven mnuchin gave us a sneak peek. reporter: big tax day here at the white house. here is what we know about what is in this plan according to a senior administration official that gave this tip sheet to our john harwood. starting with that 15% corporate tax rate, a big cut for corporations and also for pass-throughs. the top individual rate would end up between 33 and 39.6%. there is a revenue place-holder that could turn into the border tax. that place-holder is something to watch out for. there will be an expanded personal exemption or child care credit or possibly both. that would be important for the middle class. one issue on the pass-throughs is whether or not wealthy americans would use that to incorporate themselves and say, i m only going to pa ....
care, period. and what aggravates me the most is they think about themselves, period. and the editor of the tax policy center s blog, tax walks. and i ll be the host, moderator for this panel. our format will be very simple, we re just going to have a discussion, informal discussion here about when we heard so far this morning. and then we ll leave some time for questions for you all. let me just briefly introduce the panelists. you know them all, i m sure. to my immediate left is rosanne altshuler, professor of economics at rutgers and former director of tax policy center. always great to have her back. john buckley, tax counsel with the house ways and means committee. pam olson is the u.s. deputy tax leader at pricewaterhousecoopers. and former assistant secretary for tax policy at treasury. and alan viard, resident scholar at the american enterprise institute. i should also mention that rosanne many years ago was one of the authors of the get, which was a predece ....
countries, and that there was a deal out there, that we won t try to change your borders by force if you don t try to change ours. sunday night at 9:00 p.m. eastern on afterwords. now a group of tax policy analysts discuss alternative corporate tax plans. this panel was part of an event hosted by the urban brookings tax policy institute. it s just over an hour. okay. let s get started everybody. thank you all for coming. my name is howard gleckman. i ll be the host, moderator for this panel. our format will be very simple, we re just going to have a discussion, informal discussion here about when we heard so far this morning. and then we ll leave some time for questions for you all. let me just briefly introduce the panelists. you know them all, i m sure. to my immediate left is rosanne altshuler, professor of economics at rutgers and former director of tax policy center. always great to have her back. john buckley, former tax counsel with the house ways and means ....
okay. let s get started everybody. thank you all for coming. my name is howard gleckman. i ll be the host, moderator for this panel. our format will be very simple, we re just going to have a discussion, informal discussion here about when we heard so far this morning. and then we ll leave some time for questions for you all. let me just briefly introduce the panelists. you know them all, i m sure. to my immediate left is rosanne altshuler, professor of economics at rutgers and former director of tax policy center. always great to have her back. john buckley, former tax counsel with the house ways and means committee. pam olson is the u.s. deputy tax leader at pricewaterhousecoopers. and former assistant secretary for tax policy at treasury. and alan viard, resident scholar at the american enterprise institute. i should also mention that rosanne many years ago was one of the authors of the get, which was a predecessor to the destination-based cash flow tax. so we can pe ....