in the current health care system c.e.o. larry larry merlo added this combination brings together the expertise of two great companies to remake the consumer health care experience with the analytics of atlanta and c.v.s. health and human touch we will create a health care platform built around individuals and as c.e.o. mark hurd illini echoed the same sentiment saying that the deal will dramatically further empower consumers but not too long ago the u.s. government sued to block a major telecom merger which means this deal could test the trump administration when it comes to antitrust policy. and venezuela has caught the crypto bug in a live broadcast venezuelan president nicolas maduro said that this well is announcing the creation of its own crypto currency it will be called the petro will allow us to innovate towards new forms of international finance for the economic and social development of the country major added we are facing a financial war against the country which we have denounced and the opposition has denied there are business people who are unaffected by donald trump's blockade with

this we will join with the twenty first century the petrol the peg to the country's reserves of oil and gas as well as gold and was created specifically to counter sanctions from the u.s. according to reuters the boulevard dropped fifty seven percent of its value in the past four weeks alone and even though venezuela boasts the largest reserve of crude oil in the world falling oil prices and the economy horrid over the past three years however the crypto markets have been doing famously famously well over the past couple weeks with bitcoin trading over eleven thousand dollars. you don't states passed their version of tax reform in the early hours of saturday in the us house of representatives passed their version a couple weeks ago well a conference committee be able to work out the differences and will it be done before the end of the year is christmas present here to discuss that more conservative commentator steve malzberg in the deputy director of public citizens congress watch see. harley welcome to you both thank you for being here it's such

a busy time of year in general particularly with all of this move moving you get to see how some of the sausage is been made inside washington d.c. the belly of the beast this last weekend and scrawled additions to the last and last minute changes and even a few senators who say they didn't have time to even read the bill tax reform is passed both chambers and will we get a conference bill i want both of your takes steve how about you first what do you think you've been positive on getting this done what do you think now yeah absolutely i mean there's a chance that the house my dad actually you know vote on the senate bill we'll see but i think there are some differences though you know i think the house will adopt the senate bill who said at the end of the obamacare mandate i think that's big of course that should have been a lot more of a problem in the senate then it would have been in the house because they already passed obamacare reform in the house so i think you'll see that in the bill also

the senate bill delays the institution of the corporate rate deduction for a year again i think i think the house is going to realize and does realize that the senate has said it could only have a small margin of error only two votes could be know anything out there and it's dead so i don't think that house is going to gain too much of what they had in their bill at the expense of what the senate had in their bill i think it's going to be mostly senate stuff if you will and that's what's going to come out in this bill will pass it will be signed so and you're at the really apropos and you're right i mean susan collins of maine said that she was voting for the bill the other day but don't count on her for the final thing a susan what's your take on this thing that the american public is just now starting to understand the implications of death tax cut plan and they are highly concerned with the fact that this is again for the raid to the one percent that corporate donors. class to multinational corporations that are quite profitable and

no one wants to see that be paid for on the backs of working americans and that's exactly what this plan is seeking to do and one of the points i think that we really need to talk about is that repeal of the affordable care act mandate and this would push thirteen million americans out of the insurance market and make premiums go up for everyone else and that is not the sort of outcome that americans are willing to have and so the fights are just starting and i know that there's going to be action all across the country this week and so there is still a moment where people can say that this is going to have implications for the twenty thousand election if it is passed steve what about that on the health care you and i have gotten around on this a couple of times i mean clearly if you don't have health care you don't to pay for it but then somebody has to pay ultimately but what your take. well i mean these

thirteen million people will no longer opt to have health care they will opt out of having health care because i told now they're under the threat of a fine if they don't have it they're making them have that while they will decide of their own free will if that's an accurate number by the way because i thought thirteen million people had obamacare now you tell me they're all going to go away so the point is if they choose to opt out that's their choice that's what everybody's choice should be and so i think and then what happens what happens susan if they opt out i would say that we get further away from the goal of industrialized nations of having health care be a human right i don't think that america with all of our ranch and should have people who are uninsured this is not a right thing for our country to let the weak in the sec not have the how to care that they should be able to have and so it's not the right direction for america and i know that the rest of the country feels that way oh yeah being it means

they're going to give me the sick people can't decide on their own whether or not they want health care the government has to tell them to do it and by the way i have to chuckle with all due respect when you talk about premiums will go up really i mean under obamacare prev your check your premiums lately america if you check your deductibles on top of your premiums it has been an unmitigated disaster other obamacare so so so my only because i want to get back to the tax reform part of part of this but the point is somebody somewhere is going to pay for that health care we can debate where it's going to be a little bit later but i want to refer to a chart and that we used here on this program on on friday you know steve and i we've talked about this a couple times i want tax reform and even you know different than some of my progressive friends i don't want the corporate rate to go down i don't know if twenty or twenty two is right but i want to be competitive and i like the idea i don't know who doesn't that taxes should be simpler and i. i supported getting rid

of the seven brackets but the senate bill is seven brackets and i also liked what president then candidate trump said about helping average folks but according to congressional budget office that's not what we're seeing i mean we we show that there are the c b o shows the nonpartisan congressional budget office there the score keeper for congress that millionaires really do much better than average taxpayers under the senate bill the average amount of income in this country is something like fifty six or sixty thousand dollars a year and those people end up actually paying while millionaires will get some sort of deal nearly sixty thousand dollars in the first year and about nine thousand dollars in twenty seventeen the lower twenty twenty seven the last year while individuals that are that are in the average group they're going to sensually pay a few hundred dollars so susan do you think there's any rhyme or reason to what candidate

truck trump talked about in the bill as we now see it i would say absolutely not this is not a populist bell this is not giving. breaks to people who need it most and said we see immediate tax increases on the lowest earners and then everyone after twenty twenty seven that makes seventy five thousand dollars or less gets a tax break i'm sorry tax increase says because of the expiration of those individual pieces and so this is not the right outcome and in fact major tax piece that candidate trump was talking about was closing in the carried interest loophole now the house bell has some changes on that but the loophole is not and dead and i think this is one of the loopholes that are very angry does the allows investment fund managers to have a much lower tax rate on their wages than average workers and so that frustration about that and that it exists it's just going to. amplify and i think that there

are a lot of provisions that are the same way hurting those that need a hand up instead of helping them and then another piece we just released a report on friday showing the lobbyist that have been involved in the tax fight and as we all know trump said he was going to drain the swamp instead we're seeing it intensified there over half of the entire lobby korean d.c. was using was lobbying on the tax bill that's over six thousand different lobbyist that are active on this fight and so that's a huge number and many of which are actually connected to trump in pencil again the swamp is in full effect in just getting worse after this attack right i like steve i want you to chime in but first for our viewers i want to let them know and i know both of you understand this but outside of the house ways and means committee it in and i used to work in building the longworth building the corridor there they call

gucci gold and you can see lots of cufflinks and lots of nicely shiny loafers and that's where some of these lobbyists that susan is talking about are there but steve what about the fairness issue given what candidate trump talked about and the rich reality of where we are in these bills or at the child tax credit is speaking to the everyday folks the child tax care credit doubles on the under one of them a goes up fifty percent of the other i don't know what the wind up with this standard deduction doubles for individuals doubles for married couples the medical deduction in the senate bill goes up you also have the the medical expense adduction and the teacher deduction which i've heard so much you're crying about that goes up in the senate bill so this does hit average people but you know even brought obama was in favor of lowering the corporate rate and by lowering the corporate rate which is too often portrayed the corporate structure is too often portrayed as evolved they're the ones who provide the. jobs and if you lower the corporate rate and

business succeeds that business does better and they could deduct their out their purchases and and what not they'll be hiring more investing more and more workers will go to work salaries will go up it's been proven that's not a fantasy and this will eventually be revenue neutral or more we already have three point three percent g.d.p. in the third quarter revised for this year wait till this kicks in you're going to see numbers that are really really big ok you know that that g.d.p. number is so key and you know we'll talk about markets here on the show we talk about them on the show all the time but those market numbers are great too so my only final point is you know they've used this thing called dynamic scoring which takes into account the expected growth so the people that are there they better that think this is going to work they sure hope that dynamic scoring will work and they hope that the g.d.p. will continue to increase thank you so much susan harley and stephen walt your time

and your expertise have a great day thank you for having. conservative commentator steve moore burton deputy director of public to congress watch we thank you for being with us and coming up as we go to the numbers at the final bill check it out. the wealth concentration the bureaucratic concentration is sapping the economic vitality from this entrepreneurial nation called america and the machinations and the costs associated their way of keeping this huge prison population in place are draining money away from all aspects of society and you've got the problems that

you would normally associate with the ghetto like people nodding out in the middle of the day in the middle of the street. elliston is getting international recognition with the help of israel at least in the world of zoos i'm in bill fiddlesticks mission to do it like a million pieces and my compass is going up to study hall maybe. you know john one of. the only palestinians is who gets the most help from its jerusalem counterparts i don't think there's some of those who in the world under the old commission would know who could get it. and though it is often as not as to how to display any of the most obvious to how i know you can tedium it doesn't seem to do

more commitments last time piss off. it's a. wonder when they hit a car on the city of new day. burning in the moon took all. this i wrote these are the neural channels for when i'm in a mall i meant and wreck a friend with a foot off from a cliff in some moment up on the u.s.s. iwo can look at them they want us and if you think of us you know. i thought that.

a u.k. based economist who correctly predicted the results of june's general election is making headlines for a pretty bold statement according to samuel tombs of pantheon macro economics the u.k. will never actually leave the e.u. in a note circulated to clients who wrote a transition deal which keeps the u.k. inside the single market and customs union but gives it no say over its rules is the only viable outcome in two thousand nineteen u.k. life we will go into a transition deal intending it to last for only two years but we see a high chance of it becoming permanent toombs also pointed to the decline in support for a hard hit in a recent poll from you gov forty six percent of voters said the u.k. was wrong to vote leave based off of the way bracks the talks are going his

argument isn't too hard to believe on monday u.k. prime minister theresa may announced at a joint press conference with the european commission president john quite younger that talks will not get moved to the next stage. australia is looking into u.s. tech giants facebook and google over concerns they're harming the country's media industry in a statement salman's chairman of the australian competition and consumer commission said we will examine whether platforms are exercising market power in commercial dealings to the detriment of consumers media content creators and advertisers the commission's inquiry will have the power to demand information from google facebook and other firms as well as hold hearings the investigation follows years of falling profits and job cuts in newsrooms across australia but it's not the first of its kind inquiries into u.s. tech powerhouses have been on the rise over the past two decades google and particular it's facing up to one billion euros in fines from the e.u. . and i have been successful in keeping our two tax experts around for

a little bit more commentators steve malzberg a deputy director of public citizens congress watch susan harley i felt unfair steve that i left you on the dynamic scoring and republicans who have continually been saying this thing has to pay for itself in particular steven minucci and the secretary of treasury and many member of congress and the senate but here we go and it's going to cost it looks like a trillion dollars but what do you say to that or is this is that just what it's going to be. really underestimating the revenue that will will come from this bill i think that really underestimating what the corporate tax and the advantage is being given to corporate america and the also the pastor businesses the small businesses in this country will bring you know they're they're independent and they don't have an axe to grind when it comes to partisanship but they've been wrong before and you know time will tell but i have

to say that i'm glad there's no trigger because i think the trigger mechanism that bob corker who was the only republican senator to vote no on the bill what he was looking for would have been a disaster because let's say we want a recession then certainly revenues would have fallen short what are you doing chris taxes at the same time we're in a recession so that was a disaster waiting to happen but i'm very optimistic and i put my faith in people like stephen moore and larry kudlow who really know what they're talking about in my view and are good friends and they're tearing the economic growth in this very very highly susan weigh in on this you got a rebuttal to steve would say we've tried trickle down before and spend proven to be a failure i don't see why we think this is going to be any different we have states like kansas that tried cutting their taxes drastically we're faced with budget shortfalls unable to provide public education at the levels that they need to this is the path that we've seen happen in reality when tax cuts this is not very this

is a real outcome when you cut taxes jobs don't come trickling down as promised and in fact we even have c.e.o.'s who refused to raise their hand when asked by gary cohn whether or not they would create jobs after receiving these tax cuts instead we know that they're just going to have dividends for their shell shareholders increase or buy that their stock this is what happened when there was a repatriation holiday back in two thousand and four i don't see why we think history is not going to repeat itself. previous the previous tax cuts did not include at the individual cuts at the same time as such a massive corporate tax cut which is going to bring us in line with the rest of the world this is unprecedented thank you steve that that's why i wanted you guys to stay a couple extra minutes i knew it would be good and it was thank you very much steve malzberg and susan harley thanks for your insights in helping us try to sort this all out for.

not too long ago the u.s. men's soccer team was eliminated from competing in the twenty first before world cup leaving fans feeling anguished one sports economist says that loss could also have some financial implications ploy and more about that we're joined now by the aftermath ison professor of economics at holy cross victory you were on the blog of the sports economist at the u.s. not being in the world cup could mean money problems for russia which is the event's host next year how so. well so the united states isn't always known as a big soccer power however when it comes to the world cup u.s. soccer fans like to travel almost like no other country in the world both south africa and brazil we have as many people come in from the united states to visit those countries as essentially any other country in the world so you know sort of mentioned this but the u.s. is not exactly

a quote soccer mad nation and the met but american fans have traditionally made up a big portion of the fans that attend the world cup so why do you think that is. so it's at least in part due to the fact that we're just such a big country right over three hundred million people in the country as a whole we're going to get a lot more tourists go into the world cup than maybe in iceland this year smallest country in the world cup with only three hundred thousand residents in the entire country so that's certainly one piece there and maybe another piece is the fact that our own domestic leagues major league soccer here in the u.s. maybe aren't the sort of things that inspire the u.s. fans is as much as in other countries so for example in germany the fans might go and travel around the world to see byron munich and maybe not as much to see the german national team here in the united states if you're going to travel around the world to watch you know one of your teams it's got to be the national team because

you're not seeing d.c. united or the l.a. galaxy on the world stage as a club. so do you think fans from other countries and particularly the ones that are quote soccer mad make up for the last of the u.s. tourists. almost certainly not right if you think about the sort of teams who are going to come from this region of the world instead of the united states that's going to be a coast to rica it's going to be a honduras it's going to have an amount of much much smaller countries in the united states certainly won't do anything to make up for the maybe fifty thousand u.s. soccer fans that might have normally been expected to go over to russia what about the businesses that try to profit from the world cup for example the set now and it's amping up point of sale terminals to accept digital payments made their phones or even smart watches during the event are they going to be hurt financially in the same way. certainly of bit obviously also if your big advertiser who bought

time already for world cup games here in the united states certainly if your ship might be down some. and again. all of russia was counting on huge numbers of course from all around the world and of course those host countries don't always have complete control over how many tourists are going to show up exactly for reasons like this of course we've got some other big soccer powers missing the netherlands italy also countries the travel fairly well with their teams and you're also missing countries like china which is again not a soccer med nation but certainly a place with lots of potential tourists that could have been flooding into russia with lots of money so it sounds like networks could probably be hurt by this too i know fox sports paid four hundred million dollars to obtain the english speaking rights in the u.s. is that a decision they're going to regret. i would say they certainly will regret it somewhat that being said united states is one of probably the few countries in the

world where you could actually get away with your home team not being in the event and still having a lot of people show up so during the last during the last world cup in two thousand and fourteen the most watched game of the world cup here in the united states was not as. actually any of the games that the united states was in but wasn't back the final itself which was the highest watched sporting event outside the n.f.l. in the entire united states that year the world cup is about six months away is there anything russia can do to prevent or offset the projected loss in revenue you're expecting we might see. so pretty unlikely again there's just some things that are always out of your control and how and what teams show up and how well they do is is one that's completely up to serendipity for example in brazil brazil got very very lucky they had the same sort of stadium problems that many hosts of had huge cost overruns there but when it came to the actual term in itself they got

the best possible outcome big got neighboring argentina made it all the way to the final and because of that as many as two hundred fifty thousand extra tourists showed up in brazil beyond what people would normally have expected because it was an easy last minute trip for people from neighboring argentina to make so if you're russia what you're hoping for is well you are hoping for the united states and some of these other big countries to make it in the first place but we're also hoping for is maybe a deeper run into the tournament by some some countries that could easily get their last minute so maybe hope for germany to make it all the way to the final i want to switch gears now and ask you about the n.f.l. after nearly a year protests the league and a player's coalition reach an agreement for the organization and its owners to provide one hundred million dollars in funding for social activism projects deemed important by the players what are your thoughts on how that arrangement could work out. well so obviously this has been something hugely been in the n.f.l.

and of course the rest of the country. teams owners players don't want to be seen coming out on one side or the other of the political divide pretty easy way to alienate half of your fans in a part. as a nation like we've got today we definitely have seen this two years in a row of viewership being down in the n.f.l. doesn't make any difference for this year's t.v. contract since that's already inked on that deal but it certainly could make a lot of differences new deals come forward in the future. question is what can you do to try to tamp all this down at least one compromises is trying to get the players to be standing during the anthem and to acknowledge some of their problems by by donating to their choice of charities some people obviously have been critical of this is in that are you just redistributing n.f.l. charitable funds from one charity to another it's hardly

a win for the players if you get money going into social justice organizations but being taking out of places like the cure for cancer victor matheson professor of economics at holy cross thanks so much for your time. well thank you bradshaw for now thanks for watching phoenix time. here's what people have been saying about redacted the night would still be saturated full on awesome for all of the real the show i go out of my way to find you know really what it is that really packs a punch oh don't believe yampa is the john oliver of marty americans do the same thing we are apparently better than blue nothing bad and i see people you have never heard of love right back to the night my president of the world bank very soon i'm going to write me seriously he sent us an email. done

some is not so is not i can quit places not good to country and. try to secure the minister to live bush among us well before the storm. if you get this but at the best of this go there is. this to the culture. of the code which is less sure of the smooth shecky of christmas thoroughly impressed with the embrace from a fellow muslim of themselves to be little. mostly album slow slow. play almost any kind of number for the place the last second hour that john said i'm based on are much less tight and i mean can i do not do that i would just write this home crap with matter how not eating. from a shallow. fucking on the canal he was almost feeling now with the fuckin on the. cuckoo that cities are too much more than enough hours bush argued with the suv i

don't want to go to the snooze in the my car boys in misery do whatever the street the. cinema of our government allows this. series was close. whenever you believe that russian products. you're not just getting excellent quality. are little visible symbols were. purchased from special purpose.

party's top stories the former president of georgia causes chaos in the ukrainian capital after he threatens to jump off a roof gets arrested and is then freed from a police car by his supporters. it's d. day for team russia as the international olympic committee prepares to give its verdict on whether the country can compete at the twenty eight thousand winter games as moscow questions the political nature of the investigation into doping offenses. and germany's foreign minister slams us sanctions on russia saying burn in solidarity with washington has been stretched to the limits.