the tax bill itself. it seems to be an indication that they ve worked out the wrinkles when it comes to how to fund this thing. what are you hearing new this morning on that? they re probably going to be raising this repatriation tax for companies that have to bring money back overseas. there was talk yesterday about potentially, you know, sunsetting or letting the individual tax cuts expire a little bit earlier. we heard that s probably not going to happen. we ll be waiting to see what final tweaks they ve made to save money here at the end. final thoughts? also, you ve heard from democrats who are pointing to that, you know, multitrillion dollar number and asking where are we going to make up that money? there s a lot of concern among more progressive members about cutting into entitlement programs to help pay down some of the deficit and those sorts
break. we ve put this back in there primarily to pay for an enrichment of cuts on the individual side just in the last two weeks maria, we took the cuts on the individual side this is in the middle class now from the median income and up we took it up by 20% from 3 trillion to $3.6 trillion we cut the tax code for the middle class so when you look at the math there is absolutely no support this is just for the rich and matter of fact even the repatriation tax we re talking about when it comes back in the u.s. the beneficiaries are going to be american workers. it creates a level playing field for the people who work with their hands every day across america. maria: but why was there no movement senator on the carried interest deduction? this is a deduction that obviously high earners use when it becomes real estate individuals, hedge fund managers , who are able to show income as capital gains rather than standard income at the top rate and that s not changed this deduction is in the
always use those assets when they are repatieny the tree eig. how can you guarantee that this won t happen? we ve heard that numerous times. if that is our worst case scenario, that companies repatriate their money and use it for shared buy backs dividends, what happens? they pay the repatriation tax. we get another 20% on capital gains or dividends and then the people that get that money back reinvest it back in thediavestm. we re putting enticing rules that will entice people to invest capital. we re giving people a five year writeoff that they can instantly expense. so if that happens, that is fine. we know it will be invested right back and driver growth and jobs and wages. you ve been asked twice and
ambassador. so investigators want to know what else she said. she said flynn was blackmailable and is there anything else there is one of the big questions. whether sally yates can testify about that in public is an open question. all right. ken, thank you so much. the white house has stepped back from the brink of a potential government shutdown over funding the border wall as the president turned his attention now to changes in the tax code today. bloomberg reporting this, that the plan will include a repatriation tax of 10% to lure in the more than $2.6 trillion in earnings that american companies are believed to have stockpiled offshore. the a.p. reporting president trump s plan will increase deductions that americans can claim going significantly higher than the $6300 standard deduction for individuals and $12,600 for couples. but a usa today report suggests lawmakers are reportedly looking at removing the upfront tax deduction for the traditional 401(k)
sean: why would they propose that? i m not blaming you. you don t want to do this. that bill that became the vehicle that will help us reveal his agenda on refugees. sean: do you agree with his agenda on repatriation? exactly. sean: 100% repatriation tax for everyone overseas? sean: well, i don t thinkd have a taxes to bring money in. there was a former fdic chair named isaacs. he said you don t need the wall street bailout. we ve got trillion dollars overseas americans have. if you would just say no tax on anything that you earned overseas and you bring in, you invest in what we say is troubled. we can save lehman brothers. any of them, we could save gm, we wouldn t have to have