corporate. the thing is that being a person under domestic law doesn't really get you that many rights at this time. so, like the states today i feel like of corporate personal hood are higher because there is a greater and more extensive discourse of rights in a more modern sense in a more material sense. like back then, you know, the rights of an englishman and free speech. it just wasn't so incredibly relevant to the life of a corporation. so, yeah, legally a person. but it's not, that's not an interesting question to them at the time the way it is today kind of because the government changed its relationship to people. >> awesome. all right. so, this one says another example of insurance companies creating change in durham, north carolina, had wall street that started with the 1898 founding of nc mutual to provide insurance to african-americans who could not get covered from the insurance companies. in just a few years the largest black-owned business in the country. now, i know in your book

what does with corporations.these to be 35% when they rewrote the federal tax code they moved to 21%. he wants to change the sent issues they can show their profits when they get tax. most profitable corporations to the country paid no taxes. okay, the year before 91 of the biggest companies in the country paid noggco taxes. the report profits to their shareholders the irs are saying they are broke. how did they do. this? >> there's a bunch of different reasons, one of the main ones we talk about that president biden was to address they pretend they make all of their money in a different country than where they actually makere up. the example we as is starbucks. mostly sells coffee in the united states of america. started right down the street in seattle. they have expanded all over the country into other countries too. what they managed to do and a lot of companies do this is that something called intellectual property. those are patents, trademarks, the rights to use a logo. things like that. the things you can

for wealthy and corporations. if it were true that the tax increase now was going to hurt investments, you would definitely think that the tax increase back then would unleash investment. but if you look at the data, it 100% did not. you look at data on investments, you see the trump tax cuts, and there is no break. the tax cuts had zero effect on investments. though this idea that if we raise taxes on the wealthy and corporations, it is going to hurt our broader economy, that is a total myth that has been used over and over and over again to keep wealthy and corporations from having to pay their fair share. john: is the best way to fight inflation to raise interest rates? heidi: really good question. i think it depends on the situation. what raising interest rates really does is, it slows the economy down. it makes it so -- it reduces job openings, so workers have less bargaining power, so wages grow more slowly. then, any feeding of higher wages into higher prices gets stop. that is the idea behind the fed raisi

this year, last year 55 corporations of the biggest corporations most profitable corporations in thecountry paid no taxes. okay? the year before, 91 of the biggest companies in the country paid no taxes. they were reporting profits to the shareholders into the irs there saying their broker. maurice, how do they do this? systemic there's a couple different reasons is a bunch of different reasons. one of the main ones we talk about that president biden wants to address is the fact that they kind of pretend is the best word. they pretend they make all their money in a different country than they actually make it. the example used is starbucks. starbucks mostly sells coffee in the united states of america. it started right down the street in seattle. and they have expanded all over the country and other countries too. but what they managed to do a lot of companies do this is they have something called intellectual property. those are things like patents, trademarks, the rights to use a logo. things like that. things you can move with the click of a mouse as opposed to like buildings and

he thinks corporations are a form of governance. it should be like these tools americans use to reinforce their own civic fabric. he's like, well, if you are a co-financial oh prayed are and, and then you will have a lot more at stake in one of your countrymen to succeed, even if you are just living in the same town. the whole country should be connected by insurance companies. there should be an insurance company in every town, everybody should be invested in it. it almost becomes, it almost comes full circle to becoming a socialist project. everybody has all their wealth shared in the same venture, and then it's almost -- private property, there's almost private property. like i said, hamilton, webster, wore us, there are some massachusetts legislators, nobody well-known today, the insurance business, who again encouraged their fellow citizens to think in terms, to think of politics in terms of losses and identifications. defending britain, one of these legislators for massachusetts, who is an insurance company founder says, okay,

and the owners of such a business do not always have the opportunity to take advantage of corporate corporate e, to help businesses improve the quality of such services, we for the first time launched a large educational online program for employees of such hotels , now anyone from any region of our country can remotely study such basic skills absolutely free of charge, and in the end, mikhail vladimirovich i will say that i these are the three main blocks of our work that i spoke about. of course, these are not all of them. and we have a lot of work going on on standardization standards, the legal and regulatory block is very large, but this is the subject of a separate large report. i will only mention one point, and the draft law, which is currently being worked on, is very important. i know that many people are waiting for it. it concerns the further whitewashing of the industry and the withdrawal of guest houses from the gray zone. and this, of course, will directly affect the quality of service in this segment. very difficult the draft law has a lot of discussions around it, including f

the problem is not corporate america. but that the biggest companies often rig the game against smaller competitors whether inside the u.s. or elsewhere. a lot of our work involves how to restore competition to market where you have monopoly power and a handful of players who have set the game so they win and no one else can compete. part of that is the government. in the government creates all sorts of regulations and rules that make it offensive -- make it expensive and more complex for newer players who do not have as much money to enter the competition, that is what helps the big competitors. if we want a fair system, we need to think about the rules we put in place that makes it harder for smaller startups to succeed. host: there was a statement that came out over what we are talking about and they said "negotiation is simply a euphemism for government takeover of a sector of the on its own house then successful in saving lives. instead of strengthening the ecosystem, which has slowed from the pandemic, and in doing

let us move faster, we sign corporate contracts with investors and have already created 28 special projects of companies and according to get in accelerated. eh, mode thanks. uh, hmm, there is a lot of activity of the federal property and support. we already have 32 directives. i would also like to note the joint support of the ministry of finance. for everything right from the start of the project, including support for the latest corporate empowerment initiative. now we can direct project financing not only as contributions, e to the authorized capital. well, in the form of equity loans. this helps a lot to speed up the implementation of projects, especially at the start. the first spk has already received funding in july. we have allocated half a billion for the next months, we are multiplying the volume and by the end of this year we plan to send funds in the total amount of 29 billion rubles. projects of the first and second floors. now, on 14 projects, investors have started design and survey work on six projects. construction work is already underway. thirty in three projects, invest

that would lead to an improvement in a pickup and corporate profit growth. it doesn't seem likely in the next few quarters. we know that inventory has been building throughout the sector. the housing market is slowing down. it's hard to see how that turns around to get more positive anytime soon and we should see a slowdown in capital spending as well. i think it really does come down to the reason that markets do well after a fed pivot is sometimes because the market is starting to anticipate the corporate profit reacceleration and i think that will take some time to unfold. kriti: well, we will see if that happens. david lefkowitz, thank you as always. time for the first word news with mark crumpton. mark: prime minister justin trudeau says that canada is potentially willing to ease regulatory hurdles for building infrastructure to export liquefied natural gas to germany but only if it makes sense to do so. the german chancellor is on a three-day trip to canada. here is the prime minister during a news conference. >> canada will position itself to be the k

increase government and corporate control of health care, check. i hear my colleagues talk about, we are going to go after phrma, what did the c.d.c. yesterday say, don't worry about the mandates or the vaccines or the quarantines, sorry. my colleagues now today are going to dump hundreds of billions into corporate america screwing over the american people every single day with tax audits, increased energy prices and increased taxes. congratulations. take that to the polls. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from kentucky is recognized. mr. yarmuth: i have no more speakers and am prepared to close whenever the ranking member is. the speaker pro tempore: the gentleman from missouri is recognized. mr.smith: could you tell us how much time we have? mr.smith: -- the speaker pro tempore: the gentleman has one minute. mr.smith: the cleution to the inflation crisis that the democrats have set forward is to spend hundreds of billions of more dollars and to tax all hard-working americans once again. you ca

the other change, in the $313 billion we gained from closing corporate tax loopholes, the corporate so-called minimum tax, the piece was taken out, but $ 258 billion remains. something we added that excites me and all democrats, particularly progressives, we are adding in an excise tax on stock buybacks that will bring in $74 billion. by way of contrast, the carry interest loophole was a $14 billion. this is $74 billion. i hate stock buybacks. it is one of the most self-serving things corporate america does. instead of investing in workers and training and research and equipment, they do not do a thing to make their company better and they artificially raise the stock price by just reducing the number of shares. they are despicable and i would love to abolish them. in fact, sanders and i have legislation to do that. when i talked to progressive legislators, they were excited about this. reporter: [indiscernible] sen. schumer: i will have to get back to you. reporter: 230 economists wrote letters to congress saying the inflation reduction act would add to inflation. wharton said the same thing

. >> up next on the author interview program after words entrepreneur argues that corporate america is signing onto culture to increase profits he is interviewed at harvard university craig mankin. after words is a weekly interview program with relevant guesthouse interviewing nonfiction authors about their latest work. >> welcome and it is a delight tto be here to chat with you congratulations of the book congratulations on finishing in the great success i've been watching a fail in the amazon and obviously a lot of people are buying it, that isha great it's a great book very interesting and provocative and on a very important topic i'm delighted to share with you. before we get to the book. i think your biography shapes the things your writing in this book and one that i honestly did not know the offers many you i also live today, my parents were immigrants from india, by vacuum over the late 70s my mom in the early '80s, i asked my dad why did you come halfway across the world to cincinnati ohio of all places and he said his sister came over from india to fort wayne indiana which pr

guest: let's start with the corporations. these are my estimates, not partisan joint committee on taxation congress is estimated there is a significant tax cap in this country for corporations are at least not paying what they owe. that's the first one to the second point is overall, the tax rate paid by corporations is a share of their income. that overall tax rate in the united states is actually quite low compared to other countries. there is good reason why the inflation protection act targeted them for additional revenue to help finance things like expanded access to health coverage and more. host: the center for law and social policy, because.org --clasp.org if you want to check out there organization. we will talk about another aspect of the inflation reduction act looking at the cost of prescription drugs. the foundation for research and equal opportunity. the guest will join us next up when john -- "washington journal" continues. ♪ >> hello everyone and welcome to the national book festival. >> library of congress in

both were individuals and corporations. we need to know the difference between that and the evasion which is where and actually a lot harder to deal with because you are dealing with those who have not been a part of the situation. it's trying to circumvent a lot of the preferences in the code. i think that would be continued to talk about that. the irs agent site, i have to say it needs to be emphasized that in addition to auditors and to the penalty approach or folks trying to evade taxes it's not an important part of it and during hey, if i have beaten -- if i speed in this intersection i'm going to get pulled over. if they are evading their taxes and not fulfilling responsibilities under the law, they are going to be scrutinized. that encourages voluntary compliance. we need to have an agency that states they are not going to be subject to disproportionate investigation or subject to penalties and that they are helped with that agency. the enforcement with customer service and with education think -- those are important

>> corporations could outlive the members of business. before, if they had a business between two people, it would die out. corporations could live on through other people and keep the financial success growing. >> absolutely, other reasons why it was popular to start to incorporate? >> do you ivan? >> limited liability. basically, even if the corporation had some problem or is approaching bankruptcy, they could not go after the personal assets. it was limited to corporations. >> totally, what else? other things? we like these things today when we invest in corporations. lucy? >> it allowed the business people to return dividends to their shareholders. it was worth investing in the business. >> totally, you can make money off of it if it goes well. these are things that we are familiar today. the same sort of thinking and phenomena is happening in the early 1800s. here in boston, we have a group of merchants who want to get in on exactly this kind of business. they form a corporation with sanctioned from the state that allows them to buil

carnegie corporation of new york. supporting innovations in education, democratic engagement and the advancement of international peace and security at carnegie.org. and with the ongoing support of these individuals and institutions. announcer: this program was made possible by the corporation for public broadcasting and to contributions to your pbs station from viewers like you. thank you. william: attorney general merrick garland announced today that he personally approved the decision to seek a search warrant for former president trump's home in palm beach, florida. f.b.i. agents executed the warrant at mar-a-lago earlier this week. reports indicate they were seching for classified documents. t more details could soon be revealed. garland said today that the department of justice filed a motion to make the search warrant and theight of the items taken -- receipt of the items taken public. >> the department does not take such a decision lightly. where possible, it is standard practice to seek less untruth means as -

by making the largest corporate nations -- largest corporations in america pay their fair share, without any new taxes on people making under $400,000 a year. experts, even some experts who have criticized my administration in the past, agree that this bill, this bill will reduce inflationary pressures on the economy. this bill will in fact reduce inflationary pressure on the economy. it's a bill that will cut your cost of living and reduce inflation, lowers the deficit. it strengthens our economy for -- in the long run as well. this bill has support of climate leaders like former vice president al gore who said the bill is long overdue in making sure the united states takes decisive action on the climate crisis that helps our economy and provides leadership for the worldwide example. inflation hawks like former secretary treasury larry somers said, quote this bill is fighting inflation. this bill is fighting inflation. progressive leaders like senator elizabeth warren said, quote, this is a bill that truly is about fighting inflation, bringing down the costs for families and putting our

guest: let us just start with whether corporations pay their taxes. again, these are not my estimates. the nonpartisan joint committee on taxation, an arm of congress, has estimated there is acer for can't tax cap were corporations and people with high incomes are not paying what they are supposed to pay and with the irs is owed under the federal government under law. the second point is over all the effective tax rate paid by corporations, as a share of their income, that overall effect of tax rate in the u.s. is actually low compared to other countries. there is good reason why the inflation reduction act targeted them for additional revenue to help finance things like expanded access to health coverage and more. host: indivar dutta-gupta with the center for law and social policy. class.org is the website if you want to check out the organization. thank you for your time today. the national organization delta kappa, the educator's organization took a poll in just over 1000 responded, it asked to talk about the quality of schools and the grade they w

it was just limited to the corpor. yeah, totally and what else other things we like these things today when we invest in corporations. yeah, lucy, it allowed the business people to like return dividends to their shareholders. so it was worth investing in the business. yeah, totally you can make money off of it if it goes. well, yeah, so this is these are things that we're familiar with today. so the same sort of thinking and phenomena is happening in the early 1800s. so here in boston, we have a group of merchants who want to get in on exactly this kind of business and they form a corporation with sanction from the state. that allows them to build the real estate that you see behind me here. they called themselves the broad street associates and then they approached architect charles bolfinch to have him design them some really neoclassical monumental structures for the city of boston. and so both inches designs are replacing outdated rickety waterfront buildings with two streets lined with brick stores. like the one y

they want to carry those work styles into corporate life. they want to have the ability and the flexibility to work where they want and how they want. and they want to be productive in doing so. i think you're going to start to see a lot of companies that they're going to look to collegiate design as a driver for corporate design. they're going to look at a college campus and say this is how my next generation of worker likes to work. we should maybe try to emulate some satisfy those environments. we're already starting to see some of that. >> well, jonathan webb is an executive at the office furniture manufacturer ki. i appreciate you being with us this morning. and "press: here" will be back in just a minute. >>> bringing people together makes the bay area stronger. >> so we're committed to telling your stories. >> connecting you to solutions. >> and making sure your voice is heard. nbc bay area moving you forward. ♪ ♪ elon musk says tesla's full self-driving software is “amazing”, it will “blow your mind.” but does it work? this happens o

corporate wokeism, meet the constitution., lawyers challenging nasdaq's new rule on corporate board diversity quotas before the federal fifth circuit court of appeals. it stems from the nasdaq effort to assess the securities commission to increase boardroom diversity. a regulatory approach no less. not only disclose the diversity characteristics, but also retain at least one director who self identifies as female, and one director who self identifies as black, latinx, asian, native american, two or more races, ethnicities, or lgbtq+. got it! corporate has to explain why they do not meet nasdaq's quotas. here's a man arguing, chief counsel to the president-elect trump transition team, great to see you tonight. i mean come on starting to laugh because it is so ridiculous but this has real-world consequences for corporate america throats. >> it really does this is american capit capitalin steroids. they're really trying to jam they diversity preferences on corporate america. >> laura: how is it not discriminatory and i've got a

don't let corporations exploit homelessness to pad their profits. vote no on 27.ncisco school board members were recalled by voters. it was the first time in the history of the school district. dion: recently, one of them, gabriela lopez, announced she was running again for a position on the board. leanne melendez spoke to lopez about being ousted, and hermeneutical hopes. lyanne: january 2019, gabriela lopez honored her parents by taking the oath in spanish. [speaking spanish] [applause] >> being able to invite them to something we are normally not part of, was emotional for a lot of people. lyanne: a 28, looked as was the youngest elected official in san francisco and became president of the school board come over platform focused on a living wage, allowing parents to become a children's education by decreasing the language barriers, and supporting the socioemotional health of students, among other things. >> then covid hit -- then covid hit and many of your critics said, instead of focusing on kids returning to class, you and the board focused on nonessential t

it means that us of production prices go up for corporations. they pass that on to the consumers without taking a hit on to their profits. in fact, we have seen record breaking profits for the past 2 years. and we should expect some lawmakers to continue asking for higher taxes on those profits to address some of the inflation crisis. just want to say when for taxes, probably staying firmly on the agenda there. a thank you, teddy austro and new york for us now to some of the other global business stories making news. city group will close. it's consumer and commercial banking businesses and russia beginning this quarter. the u. west bank expects to incur around $170000000.00 in charges over the next 18 months. the closure will affect about 2300 of cities. $3000.00 employees in russia, ukraine's economy minister says her country's economy could stabilize during the coming year and grow as much as 15 and a half percent. really, you william serv. danco said the growth depended on military development in the war with russia. this year ukraine expect

, increased corporation tax. corporations, increased corporation tax this _ corporations, increased corporatione us, right? this is the country— tax. this is the us, right? this is the country that is about first rural capitalism, essentially. if the us— rural capitalism, essentially. if the us can recognise the scale of the us can recognise the scale of the crisis — the us can recognise the scale of the crisis that we are dealing with, the crisis that we are dealing with, the kind _ the crisis that we are dealing with, the kind of— the crisis that we are dealing with, the kind of measures that need to be introduced _ the kind of measures that need to be introduced to tackle it, it really is quite — introduced to tackle it, it really is quite shocking the situation we are in. _ is quite shocking the situation we are in. and — is quite shocking the situation we are in. and i_ is quite shocking the situation we are in, and i dojust want to go over— are in, and i dojust want to go over the figures that are in this report— over the figures that are in this report about real levels of wages because

first it will create a 15% minimum tax on large corporations.om that would be some hedge fund and investment firms. also new a 1% tax on stock buybacks, which companies use to increase their stock price. what will all that mean in reality? for more i'm joined by michael , graetz professor of tax law at columbia university and co-author of the wolf at the door: the menace of economic insecurity and how to fight it. let's talk about the corporate tax change. here's what we know about it. this 15% minimum tax would be for businesses and can over $1 billion a year on an average over three years. the joint committee on taxation says that will affect about 150 companies and raise well over $200 billion. that's a lot of numbers. how significant do you think this is? >> well, in some sense it is important. it is not earthshaking, this minimum tax raises about the sa amount of money is raising the corporate rate from 21% to 23%. so it is less than many people had heard, although as you know, kyrsten sinema was not prepared to raise the corporate rate at

thea;r government would wage war against the corporation.— the corporation.. they welcome it is to, saying that labour— the corporation. they welcome it is to, saying that labour would - the corporation. they welcome it is| to, saying that labour would protect the bbc's _ to, saying that labour would protect the bbc's independence. this comes on the _ the bbc's independence. this comes on the hack— the bbc's independence. this comes on the back of emily maitlis's rather— on the back of emily maitlis's rather controversial speech earlier on this— rather controversial speech earlier on this week when she was having a io on this week when she was having a go at _ on this week when she was having a go at the _ on this week when she was having a go at the bbc, particularly about people _ go at the bbc, particularly about people who come from the political field ending up on the bbc board. i don't _ field ending up on the bbc board. i don't agree with her on that, she was talking — don't agree with her on that, she was talking about robbie give and i don't _ was ta

now corporate america is digesting the implications of the inflation reduction act passed by the u. s. senate vice president comalla harris cast the deciding vote to see the bill through the $430000000000.00 act aims to ease the impact of storing prices in the u. s. while also cutting emissions and making health care more affordable among the businesses. tatt sets to benefit our electric carmakers bill is expected to pass through the house of representatives before being signed into law by president bite. now the bill contains a broad list of measures including a new 15 percent minimum corporate tax of one percent tax on stock buybacks. it will funnel billions in climate projects and allows the government negotiate the price as if some prescription drugs for the medicare health program or democratic senators were jubilant. after passing the inflation reduction act. his senate majority leader, jip chuck schumer. after more than a year of hard work, the senate is making history. i am confident the inflation reduction act will endure is one of the defining legislative feats of the 21st

all the larger corporations, but the largest corporations of a billion dollars of value or more don't even want to pay the minimum of 15%. it is basically closing -- this is a fairness in closing the loophole. i'm not raising any taxes. i never thought the people weren't paying at least 21 and i went -- >> let me ask you, on the raising -- okay, so, i understand what you're saying about closing loopholes, but the republican criticism, which attaches to what you said in 2010, is when you increase taxes, by closing loopholes, you hurt supply. and during inflation, you want a lot of supply. and so even though this might not be a tax increase relative to previous rates, the taxes for certain companies will go up, which will make them produce more so the theory goes and that will hurt inflation. >> let me just say this, john, in the last two years there have been massive record profits across the board by these largest corporations, massive profits and it is the lowest capital expenditure in the last two years. that didn't drive it. what they all told me is we want security, we want to hav

now maria kudryavtseva and her interlocutor, head of the united shipbuilding corporation, alexei rakhmanov, are again communicating directly with the studio. masha, i again convey to you word good afternoon you are ready to ask a question to our guest alexei lvovich good afternoon. what contracts are you going to sign here at army 2022 today and what are the key developments? can you imagine, well, we will comment on the contracts, as soon as they are signed, but there are indeed several in the plans of modern contacts that really make a big contribution to the development of the work that we do, but for the navy, so we will comment, as soon as we sign developments as far as developments are concerned. you and i are standing here against the background of a full-fledged sample, and this is an underwater and multifunctional robotic apparatus, which has been tested and the present time. we show it to the public in order to demonstrate the possibilities, and the work of our drones, but which we have tested. here, if you look even in the background from him. e. the famous view is the one that

then they spent time is corporations canceling anyone who would criticize blm.on you captured this so well in the culture killers documentary. award-winning. if you haven't seen it, go to prime video and also rumble. explain to us what you saw when you were talking to these individuals on the issue of blm. >> it was depressing because you looked at all these people antifa blm all of this video we scoured thousands of hours of video of these people, they are evil. they don't want you to have the life that you want to live as a judeo-christian values. they don't want you to have a nuclear family. they don't want your kids to have a mother and father, they are opposed to these things. i want to give you a new date that i think it's important. maybe we should have a panel and it should be called the may 31 panel just like the january 6 panel. may 31 was the day that these groups surround the white house. they burned the church across from the white house and they tried tearing down the statues in lafayette park. they wouldn't stop, they tried crawling the fences of

a field day right now. corporate profit margins actually widened. i'm in the past quarter. they are as high as they were on in 1950. that's pretty significant. now this does actually tie into the installation discussion because, well, there are some economists who believe that corporate profit is a driver of inflation in part. now, how does that work? it means that as production prices go up for corporations, they pass that on to the consumers without taking a hit on to their profits. in fact, we have seen record breaking profits for the past 2 years. and we should expect some lawmakers to continue asking for higher taxes on those profits to address some of the inflation crisis. just wanted to say windfall taxes probably staying firmly on the agenda there. thank you. teddy austro in new york for us now to some of the other global business stories, making news. city group will close its consumer and commercial banking businesses and russia. beginning this quarter. the west bank expects to incur around $170000000.00 in charges over the next 18 months.

large out-of-state corporations have set their sights on california.p 27, to allow online sports betting. they tell us it will fund programs for the homeless. but read prop 27's fine print. 90% of profits go to out-of-state corporations, leaving almost nothing for the homeless. no real jobs are created here. but the promise between our state and our sovereign tribes would be broken forever. these out-of-state corporations don't care about california. but we do. stand with us. in a recent clinical study, patients using salonpas patch reported reductions in pain severity, using less or a lot less oral pain medicines. and improved quality of life. that's why we recommend salonpas. it's good medicine. ama: a tragic day on highway 92 today. two fatal crashes resulting in the death of three people. the first took place in the westbound lanes off of the san mateo bridge. two women were killed when their ford severed off of the road. a third woman in the car suffered major injuries. dan a.: the second accident took place minutes later on the east side of the f

this year is the year of the russia assay and scientific and technical corporation. so this fits well with our agenda, not sure that issue or a meeting we approve the plan on fostering tourism between the russian assay and 3 to 20 to 24. and the working plans in education through to 2026 from another important element of our corporation was assay and is the interest displayed by the organization in expanding contacts with the shanghai corporation organization and the eurasian economic union. we are going to continue holding the assay and dialogue on a, on the sidelines of the st. petersburg, international economic forum. the, our meeting in june received very good feedback and assay and is going to take part in the eastern economic forum in vladivostok in september as well as in the 2nd international forum on the protection of the tiger. this is a russian initiative that was very popular than yourself. apart from the russia, as he and hitting there was another event regarding the pro, with annual event held a to the level of foreign ministers of the east asia summits

that's the income on corporate financial statements.z says hey, this is problematic at best. listen. >> this is not good. it's been an undesirable tax from a tax policy point of view, it's a bad tax, harms those firms that stand by the rules and take a lot of legal deductions and sort of ruins the incentives to report your finances correctly. >> so bad, bad, bad. we know 150 companies all have revenues over a billion will be subject to the tax at least initially. maybe more later. we don't know. according to new research from usb, it's like ford, amazon, broadcome. the provisions in the ira do provide the treasury secretary to make certain decisions to cover corporations in the minimum book tax. for example, she's tasked with determines when an applicable corporation is paying below. believe me, there's more things that janet yellen will be able to do. there's a 1% excite tax on stock buy backs, martha. >> imagine any company saying to the leadership, i want a six times bigger budget for the next ten years. it would never happen. why th

large out-of-state corporations have set their sights on california. they've written prop 27, to allow online sports betting. they tell us it will fund programs for the homeless. but read prop 27's fine print. 90% of profits go to out-of-state corporations, leaving almost nothing for the homeless. no real jobs are created here. but the promise between our state and our sovereign tribes would be broken forever. these out-of-state corporations don't care about california. but we do. stand with us. check out this time space wormhole i creat how's it work? let me see your togo, and i'll show you. "poof" burt, you have my lunch. introducing togo's new pastrami cheese ste loaded with our world famous pastrami, sauteed mushrooms, roasted red peppers, and smothered with melty american cheese. the new pastrami cheese steak. try steak or chicken, too. now at togo's empress of: you're american. and then you come home and you're honduran. marianne: totally relate to that. it's like a double personality kind of thing. ♪ ♪ >> new developments, first lady jill biden

so corporation and the close corporation we intend to have, as the 2 nations is also reflected by the fact that canada will be the pot my country at the next hanover fair. this is an excellent symbol of our close friendship. so we have 2 countries and 2 governments that to pursue similar goals when it comes to preparing the future for our planet, safeguarding the future, becoming climate neutral, and to stop men made climate change in at the same time, in safeguard prosperity in all nations and create safe jobs and so forth. we also countries that work together when it comes to ireland and to show what the beer license securing our own security. we do that within nato and enclosed cooperation with each other. and also in your support for your crane, i could go on forever, but i don't have one too, because actually we will now to target hub and have a rich program over the next 2 days. ruth, well we can really see what a great country canada is. annette, how big it isn't at the same time, we will be able to sort a huge potential for further cooperation. thank you very much for our coop

. >>> a missouri school district has decided to reinstate corporal punishment as one way to discipline students. that's provoked plenty of parental reaction. here's abc's christine sloan. >> reporter: this morning, the debate over spanking in schools striking a nerve with parents. >> it's going to do more harm than good. >> reporter: the argument over corporal punishment has been reignited after a school district in missouri decided to bring back the practice for the new school year. according to a letter sent out in the small city of cassville, parents must sign an opt-in form that gives the school principal permission to swat their child on the bottom with a paddle. >> it's something that we don't anticipate using frequently. this is an opt-in only option for parents. so anyone who disagrees with corporal punishment, they simply do nothing by not opting in. >> reporter: despite some public otcry to the method, the superintendent tells abc affiliate kspr most parents in the district are pro-paddle. >> they don't want their students suspended. they want another option. >> reporter: the

overall the higher taxes are the corporations and high income individuals. we have to remember who actually pays the tax directly is not necessarily the person who bears the burden of the tax. what we find is that workers and people who own corporate stocks in their retirement accounts are going to bear part of the burden of this corporate tax change through lower wages and lower values in their retirement and investment accounts. most of this will be borne by higher income individuals. it is still a trade-off that needs to be highlighted. host: who are those people the that have retirement funds that this would impact them substantially enough? guest: about 40% of americans are more that shown retirement accounts. they are going to see some that will be affected. after-tax income in the long run, it's a bit higher for households at the top because they do have more stock overall. i think the central part of it, what ends up happening it's been health care subsidies, the drug provisions but some of the stuff does expire and that does make a difference. there