Very much for joining us. Cnn newsroom with jim acosta starts right now. Im jim acosta in washington. Welcome to our viewers here in the United States and around the world to cnns breaking News Coverage of israel at war. It has been one week since hamas launched its attack inside israel that killed more than 1,300 people. Today israel appears to be on the verge of responding with full force. Prime minister Benjamin Netanyahu posted a video online of his visit with troops at the front line near the gaza border. He told them, quote, The Next Stage is coming. A Ground Invasion appears more inevitable by the hour. Israel has called on more than a million civilians to evacuate Northern Gaza for their safety. Today the State Department is urging Palestinian Americans in gaza to move closer to the rafah crossing into egypt. The reason, there may be little notice if the crossing opens but if israels sixhour window for safe passage from Northern Gaza has expired lots of questions are going to b
of state s plans announced today accommodate these projected domestic case rates? it s important to note that we re in a different phase of this coronavirus now where never before have we had the majority of our population double vaccinated, and everybody is welcome to come forward, and indeed should come forward if they haven t been for their vaccinations yet. the rest of the world isn t quite in that situation as yet, they will want to get themselves to that position. with the government s own estimates, estimating that infections could rise to 100,000 a day, at prime minister s questions, the labour leader, sir keir starmer, warned of the possible consequences. and let s be clear, let s be clear why the number of cases will surge so quickly, because he is taking all protections off in one go. that is reckless! the sage papers yesterday, mr speaker, make clear that with high infection rates there s a greater chance of new variants emerging,
gets worse because the rest of the world, this deal they re negotiated by which the rest of the world is indicating that they might impose a global minimum tax by the way, it s lower than the one the administration wants to impose, so even if they get their way, we re at a competitive disadvantage but more importantly, this was part of a bigger deal. and the bigger deal was that we would allow the rest of the world to tax american tech companies based on sales into overseas countries. we ve never done this with our tax policy before. but that s a huge win for these other countries. it ll be a revenue transfer from the u.s. treasury to their treasuries. but that is very problematic for the administration because that a modification of our treaties. and as you know, ratification of a treaty requires a two-thirds vote in the senate. they re not going to have two-thirds vote in the senate to do this. so if the rest of the world isn t going to get this piece of
that this level doesn t give them quite enough granularity. paul: all right. let s turn to the tax bill. looks like the president says that the corporate tax rate increase that he has wanted may be dead because of democratic and republican opposition. the global tax treaty, which i know you follow closely, a global minimum tax that treasury secretary yellen is working on, that s still part of the mix. and the secretary has said she wants to put that into the reconciliation bill. but is that the way to handle a tax treaty? so this is very problematic at multiple levels, paul. you know, the administration has implicitly admitted that this global tax the that they want to impose on american multi-nationals puts us at a competitive disadvantage if, at a minimum, the rest of the world doesn t follow suit. well, the rest of the world hasn t followed suit yet, they want to go ahead with it, but it
of this coronavirus now where never before have we had the majority of our population double vaccinated, and everybody is welcome to come forward and, indeed, should come forward if they haven t been for their vaccinations yet. the rest of the world isn t quite in that situation as yet. they will want to get themselves to that position. well, with the government s own estimates suggesting that infections could rise to 100,000 a day, at prime minister s questions, the labour leader sir keir starmer warned of the possible consequences. and let s be clear let s be clear why the number of cases will surge so quickly, because he is taking all protections off in one go. that is reckless! the sage papers yesterday, mr speaker, make clear that with high infection rates, there s a greater chance of new variants emerging, greater pressure on the nhs, more people will get long covid, and test and trace will be less effective.