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Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are both in session this week. The House plans to consider numerous bills from the Judiciary and Natural. ....
Let s get a check on cnn money this morning. global stocks higher right now. the nasdaq had a great day. hit the second straight record high. the rally in tech pushed all of wall streethigher. corpe tax cuts fueled another buyback bonanza in may. look at this. american companies took their tax goodies and spent it on buying back their own stock, a record $201 billion buying back their stock. apple made up nearly half of that. last month apple pledged to spend $100 million on stock buybacks. for the first time this at least 20 years, there are more job openings now than there are workers to fill them. the labor department says the ratio of jobseekers to job openings dropped below one in april. that s the first time since it started keeping track in 2000. there are a whole bunch of jobs open today. ....
Bus permanent corporate tax cuts are the cornerstone of both of these versions. make no mistake with no guarantee it will add jobs or raise wages. let s zero in on the senate score. the losers grow over time. for example, for americans making median income. 81% get a tax cut in 2019. but by the year 2027 only 14% still have a tax cut. and a fourth, a fourth of those middle income taxpayers will pay more. the biggest tax cuts go to the top earners. other tax goodies for the top, repealing the amt. the estate tax, also repealing that. preserving the fund used by hedge fund and private equity managers. chris, the criticism from democrats and frankly many in congress about this, this is definitely corporate tax cuts less on the individual side, unless you re rich. but it s being sold agency the best deal for the middle ....
Reform goes through? okay. why aren t the other hands up? gary is saying why aren t the other hands up? i saw one hand, maybe two hands go up in that room. ceo s said when they get their tax goodies, lower taxes they re going to spend it on share bye backs and dividends on shareholders and investors, not necessarily on higher worker pay. what s the answer to that question, why aren t the other hands up? typically what i hear is we don t need to. we build factories when we need to. we pay more when we have to. those interest decisions they make based on a market not based on taxes. it was a telling moment there, i think. a telling moment where they re trying to sell tax reform and the very people who will benefit from it said we don t think we ll be arding a lot of jobs. president trump back at the white house after 12 days traveling around asia, talking with foreign leaders about trade and the north korean threat. the president had said monday he would make an announcement on ....
Keep going to buy backs or to build factories and create new jobs. as they try to sell this, can they do that with a straight face? you heard paul ryan say again and again, paycheck to paycheck workers. if you are talking to the median family with $1200 a year in tax relief, that s a great thing, but you want to see companies really spend that money they get. all the tax goodies they will get, you want to see them growing jobs. it s what the gop is banking on. ....