Common, they all say he is like a child. Plus, the break with bannon. In the book President Trumps former chief political advisor, steve bannon, lashes out at the president , his staff and his family. The president s response, when he was fired he not only lost his job, he lost his mind. This morning my exclusive interview with the controversial author of fire and fury, Michael Wolff. Also, the russia investigation. Two republican senators take aim not at russia, but at the former british spy who tried to expose Russian Election meddling. Ill talk to one of those senators, Lindsey Graham of South Carolina. Joining me for insight and analysis are david brooks, columnist for the New York Times. Joy reid, mark leibovich, New York Times magazine and danielle pletka, of the American Enterprise institute. Welcome to sunday, its meet the press. From nbc news in washington, the lodngest running show in television history, this is meet the press with chuck todd. Good sunday morning on our first
Meanwhile President Trump is on his way back from pennsylvania where he just gave a speech at an equipment plant near pittsburgh, touting the benefits of tax reform. Well take you there live for more on the president s comments. We will speak with the plant ceo who the president Just Announced will be making a multimilliondollar investment thanks to the tax cuts. That is going to be a fox business exclusive. And china caught in the act. Details of a new report showing chinese ships, look at this, helping north korea, in clear violation of sanctions. All while the u. S. Was watching. David we didnt do it, we didnt do it. There they are. The dow is down about 100 points. 3 1 2 points off of that mark. Were watching all the action in the dow and in commodities markets. Were going phil flynn too. Nicole petallides on floor of new york stock exchange. Nicole first to you, looked like nasdaq might be in agreement. At the end it didnt make it. Market somewhat stalled. Back and forth action. N
Your apples are ripe. It is time to harvest them. What is the best way to harvest those apples . Do you pick them from the tree or do you chop down the tree . Apples are income. The trees are capital. The reason we want a socalled, consumptionbased tax because we dont want to mistreat capital. But to understand why it is so foolish, dont think about marxism, socialism, free market theories think about it this way, if you chop down the tree or more accurately what the current tax system does if you harvest apples by sawing off branches of the tree, what does that do for your longrun prosperity, your longrun income . You obviously will have fewer apples next year. It doesnt make sense to quadruple and triple tax capital. On this issue marxists and socialists are right they agree with sensible economist. You need capital for long run growth. We should have a tax system treats all income equally. No longer tax income saved and invested. You want neutrality in getting rid of all the loophol
Specifically blamed mcconnell for his push not being successful. The truth is if the majority leader hadnt opposed us we could have insisted that iran recognizes israels right to exist and released its hostages before any sanctions are lifted. He told reporters. More now on whats in store for the senate from a capitol hill reporter. Good morning to you. Good morning. Explain this criticism and where it came from . Has this been long simmering between senator ted cruz and the Majority Leader Mitch Mcconnell . Yes, to answer you briefly. Cruz is running a campaign that is essentially running against republicans in washington and trying to showcase himself as the conservative leading the charge against what he considers the washington cartel. They have been fighting over strategy ranging over the budget conference in 2013. The Government Shutdown in 2014. There was a fight over immigration at the end of last year. We have numerous tactical battles. This is the latest example of that. They
In the 1940s and putting together the concept of income we now use today under the income tax they were neglecting the adverse effect on the labor force and it wasnt unknown. The godfather of the income tax henry simons and one of the two leading godfathers admitted that it would damage the economy and his current disciples dont want you to remember that or theyve forgotten it. Heres what simons said about Income Taxation. Income taxation is broadly an instrument of economic control. A means of mitigating economic inequality which well assume that moderation of inequality is an important objective of approximately see and perceived income tax is devices for effecting it. The case for drastic progression in taxation must be rested on the case of inequality on the ethical or aesthetic judgment that the prevailing distribution of wealth and income reveals a degree and or kind of inequality which is distinctly evil or unlovely. Not particularly scientific. In fact, it is reasonable to expe