while the corporate ben fritz permanent at the end of the decade over half of middle class will be payinghe the nation there is no doubt that the gop lead led congress will pass the bill this week and most americans will see is take home pay grow early next year. >> this is hard working families satisfying in february tax cuts. >> as republican governor it john kasich of ohio points out that extra money will come at a cost. >> i do believe that cutting. taxes makes sense. my concern about this bill is the debt. and they did not do enough to be able to cover -- it's not going to fay for itself everybody knows that. >> national debt was over 0 trillion dollars laura pedesta cbs3 eyewitness news. >> well, three astronauts representing us, russia and japan are on their way to space. >> liftoff. scott tngle and we're on our way to the international space station. >> the so the use cancel launched today. the trip is expected to take two days. new crew members are joining others at the space station early tuesday. they'll spend more than four months in space conducting hundred of sciences in fie

i don't see anyone that want to lose the optionality of additional growth, additional ben fritz tax reform right now you going to go buy bonds? bonds and interest rates will be going up, so really investors should maintain positions in the market. >> let's say that multiplier effect is $10 to s&p earnings in calendar 2018. >> right. >> or even at the most optimal let's say it's 170, all right, fine, so reernlgs fine, and i agree with you, by the way, the multiplier effect. god forget we get a cap "x" boom, i agree, totally agree with you however, there's no law on the books, and i think you would agree that says that we have to get that $10 in earnings and maintain the 20 times multiple that we're paying. we may deside, because of what jim cited, hey, look, commodity costs creeping up, labor costs creeping up, profit margins falling off a little bit we may decide that, yes, it's great that we got that extra $10 in s&p earnings and all of the great things came true but we really only want to pay 19 times. >> or 18 times. >> that's not helpful for forward share prices in 2018 and that's a re

this is business live from bbc news with victoria fritz and ben thompson. president trump gets the christmas present he's been waiting for as the us congress finally passes sweeping tax reforms. live from london, that's our top story on wednesday, 20th december. the us senate approved the changes after midnight, but will the reforms to the world's biggest economy help the rest of us too? also in the programme — uber prepares for a hugely important court ruling that could change the way it works across europe. we have the latest from the markets. asian shares bobbed lower in a choppy session on wednesday. european markets have opened higher. and bringing electricity to 20 million people. we'll get the inside track on one firm's plans to use solar energy to power millions of homes in africa — without installing expensive networks and cables. and as the work week eases into christmas, we want to know — what is suitable office attire? is it your christmas jumper? or your glittery shoes? let us know — with pictures — what you're wearing to work this week. just u

this is business live from bbc news with ben thompson and victoria fritz. the future of a global retail giant hangs in the balance. it might not be a household name but steinhoff is mired in a multi—billion dollar accounting scandal. live from london, that's our top story on tuesday the 19th of december. steinhoff is a global retail empire in 30 countries, but today, investors and creditors meet in london to decide whether they'll throw the firm a financial lifeline. also in the programme. the trump administration points the finger at north korea for the wannacry cyber attack that hit organisations across the globe. and us markets hit record highs, as president trump's tax plans look set to get the green light. we'll assess the possible impact. and we'll be getting the inside track on the changing world of cinema. the global audience for traditional theatres is dwindling, so will new ways of watching movies lure us back to the silver screen? today we want to know, are you a fan of the cinema experience or is streaming your movie the only way to go? let us k

this is business live from bbc news with victoria fritz and ben thompson.