i didn't know anything about real estate. i always would see the shows on tv and i just never had anybody that was there to teach me or to educate me, and there were so many components that i was nervous about or i was afraid about. i didn't know how to walk into a property and know how much it would cost to renovate it. all the tools, systems, resources than provided me answered all those questions. they took all those insecurities and threw them out the door for me. i think back at my confidence level, and being a single mom with a two year old little girl, i did things that i never thought were going to be possible. i wasn't just learning how to flip a house, i was learning how to have belief in myself when i didn't have it. - people often ask me, "than, why real estate? "and why right now?" well you've probably already noticed what's currently going on in this country is very scary. most americans are living paycheck to paycheck. i'm talkin' about middle-class people, maybe like you, who are losing ground and losing faith

repeal of the estate tax. 2.7 million, taxable estates, 50. there was a moment last night during the meeting at the white house when the estate tax came up. a few of the president's advisors said no one pays the estate tax. there has been news that gary cohen said only morons pay the estate tax. what they mean, of course, is that people who are rich enough can find their way around it. first, they are wrong. repealing the estate tax would add $269 billion to the deficit over ten years -- $269 billion. there are a lot of people paying the estate tax, maybe they are morons as gary cohen once called them, maybe they are not, but there's a lot of money that comes in from the estate tax. but mr. cohen and there are others who say that, bring up an important point, the right thing to do is not repeal the estate tax, but close the loopholes. if you have an estate worth that much, you should pay the estate tax and not finding clever ways to avoid paying it. if you're rich, you pay it. god bless you, that's the american way, but pay your fair share. so

repeal of the estate tax. 2.7 million, taxable estates, 50. there was a moment last night during the meeting at the white house when the estate tax came up. a few of the president's advisors said no one pays the estate tax. there has been news that gary cohen said only morons pay the estate tax. what they mean, of course, is that people who are rich enough can find their way around it. first, they are wrong. repealing the estate tax would add $269 billion to the deficit over ten years -- $269 billion. there are a lot of people paying the estate tax, maybe they are morons as gary cohen once called them, maybe they are not, but there's a lot of money that comes in from the estate tax. but mr. cohen and there are others who say that, bring up an important point, the right thing to do is not repeal the estate tax, but close the loopholes. if you have an estate worth that much, you should pay the estate tax and not finding clever ways to avoid paying it. if you're rich, you pay it. god bless you, that's the american way, but pay your fair share. so

the estate tax worth 11 million. of those, 50 are small farms or businesses. other let's exempt those 50. thus make these other guys pay.d we need the money, their bridge, god bless him now and president trump says the estate tax is a burden on the family farmer, i don't know what he's talking about. there may be a few they make a lot of noise. god bless them, that's their right as americans. there are very, very few. that is not what the facts say. initially the next chart.ses of 2.7 million taxable estates, just 50 are farms and small businesses that would benefit from the repeal of the state tax. 2.7 million, 50. there's an amazing moment last might at the meeting we held at the white house when the estate tax came up. a few of the president's advisers say nobody pays the estate tax. has there's been news reports that gary cohen has told members of . congress that quote only morons pay the estate tax. what they mean is that rich people rich enough to beloved estate taxes can find ways round payment. first, they ar

does everyone here know what the estate taxes? it's a tax-cut that's been reformed. it changed several years ago. it is now a tax-cut for the 5000 richest families in america, approximately point to percent of all the estate owners in the country. the estate tax only kicks in when couples with the states with nearly $11 million, they transfer their wealth to their family. for those who have less than a million $11 million, they cabi this is a tax cut that would benefit people like the president and members of his cabinet, several of whom have network i worth in the millions and billions. that pointed out that the estate tax would give a potentially 53 billion-dollar tax break to the walton family, hardly family farmers, and to boot, the estate tax would cost $269 billion over ten years. it would be going to a very small number of very wealthy people, and not anybody else.eficit not exactly the deficit reducing kind of policy the republicans have been talking about. and yet the house ways and means committee said yesterday that we democrats shouldn't jump the gun and

have you ever thought that you could achieve those goals by investing in real estate? imagine being your own boss, taking the vacations you've always fantasized about, paying off your house, or buying the car of your dreams. or maybe you're looking to create financial freedom for you and generations to come. hi, i'm dean cain, and i want to share with you how thousands of people just like you have already begin to realize financial success and so much more with the national real estate network. and now for the first time, these experienced real estate investors are looking for a handful of motivated individuals in your area to join their team. so if you are ready to make a change in your life, then stay tuned because for the next 30 minutes, you're gonna learn how you can take advantage of a life-changing opportunity. (uplifting music) hey, i'm here with bruce and jonathan, and i'm gonna ask you guys how did you hear about the national real estate network? - it's a little crazy. i was laid up from back surgery, and just sitting there going through the channels, and i c

to repeal the estate tax as recently as 2015. chairman brady was asked if he was looking to get rid of the estate tax and he replied i am so this idea we should not criticize thisse idea is ridiculous.-- he s this is what chairman brady did yesterday. goi he said job-creating. exactly and our republican colleagues are afraid to talk about what they want to do with tax reform. to say tax cuts for the wealthiest of americans that they don't believe that. to say we are job creatingh this is the same problem with health care. caught in the american people caught on.ng w the same thing will happen with tax reform and actually being embarrassed so they cannot talk about of frankly you're freely. tha republican friends want to buy they are giving massive tax cuts to the rich recall a job creation or pro-growth ama with those with the wealthiest americans to save you are doing. about to say it is about family farmers? that is a statement that is just plain wrong. it shows how ridiculous the canard is. if there is a detailed discussion of

-- not just businesses but real estate, also.e debt crowdfunding. the company solicits from their crowd money and treats it as a loan, and you get interest back. well, that's it for today. be sure to send me your questions or property stories at... and check out our website at... i'm bob massi. i'll see you next week. [ woman vocalizing ] >> i'm bob massi. for 34 years, i've been practicing law and living in las vegas, the center of the recent real-estate crisis. lives were destroyed from coast to coast as the economy tanked. now, well, it's a different story. the american dream is back. and nowhere is that more clear than the sunshine state of florida. so we headed from the strip to the beach to show you how to live the american dream. i'm gonna meet real people who are facing serious problems, take you behind the gates of properties you have to see to believe, and give you the tips that everyone needs to navigate the new landscape because information is power. and the property man has got you covered. ♪ thanks for joining us. i

it is real estate. it is 80 trillion industry. and you can see room sharing and car sharing with uber. but no one has done it with the biggest industry in the world. we are running an institution that is built on different principles. that is exciting. >> maria: your next door has become incredibly successful in the short period time. the buzz around next-door is huge. congratulations to you as well. what are you trying to do and talk to us what you need to do to get to scale? >> we believe we have a local social network. twitter to find people that are interesting and linkedin to connect to colleagues. there hasn't been a social network until next door that will connect us to people right outside that's the inspiration. our front door. 80 percent of the american neighborlieds use next door. the last round was billion dollars. and an interesting change, money is everywhere. you can get it from a venture capitalist or late stage investors or talk about a corporate partner. at the end of the day, what's important for us as we really

i didn't know anything about real estate. i always would see the shows on tv and i just never had anybody that was there to teach me or to educate me, and there were so many components that i was nervous about or i was afraid about. i didn't know how to walk into a property and know how much it would cost to renovate it. all the tools, systems, resources than provided me answered all those questions. they took all those insecurities and threw them out the door for me. i think back at my confidence level, and being a single mom with a two year old little girl, i did things that i never thought were going to be possible. i wasn't just learning how to flip a house, i was learning how to have belief in myself when i didn't have it. - people often ask me, "than, why real estate? "and why right now?" well you've probably already noticed what's currently going on in this country is very scary. most americans are living paycheck to paycheck. i'm talkin' about middle-class people, maybe like you, who are losing ground and losing faith

david gonzalez esta en la universidad estatal de berkeley con los ltimos detalles...

and the family sold the estate in 1973.e point a few decades later, the city of phoenix almost tore it down to build condos. but in the '90s, it made its way to another billionaire with a famous name, geordie hormel of hormel foods. >> he purchased the home in 1992. and his family still owns the home today. you see the bar is built around the original concrete columns that support the upper balcony. >> mm-hmm. >> and this was all outdoor up until about 1995, when this bar was built in. >> hormel and his wife restored the mansion and wanted to turn it into a destination and an event space that is open to the public. technically, though, believe it or not, it's a residential building in a residential neighborhood. it's classified as a "private club." >> geordie thought that everyone should be able to see it. so membership was made very attainable. we have a $15 annual membership that includes complimentary valet with every visit. >> so what if somebody wants to just come in to have dinner? how does it work? >> we do offer a $

drew and jonathan scott real estate moguls authors emmy nominated t.v. personalities hosts a slew of massively popular t.v. shows including probably brothers and brother versus brother and co-founders of scott brothers entertainment and scott living the forthcoming collective memoir is called it takes to our story it's available september fifth and the new season of property brothers buying and selling airs wednesday at nine pm on h g t v how did all this start. that was a start at seven years old and we started our first business we were always a little go getters actually go back even further start when we were born what happened at birth i won the original brother versus brother competition i was born first i was sitting on your head in the womb for nine months yes she was born with a little but imprint on his head and everything in our lives it's very unexpected there was no trajectory that said what we were going to do but even being born there was no ultrasound when we were born unless there was a complication and the doctor didn't know there were

only deal with a licensed real-estate broker.rello.com -- to see if they hold a valid real-estate license. check the better business bureau for their state and the state the time-share is located in. you might even want to check with the attorney general's office for that state as well. now, you could go to licensedtimeshareresalebrokers .org to find which brokers specialize in these listings, because time-share really is a specialty. but again, don't pay anything up front for a time-share, just like you wouldn't when you're selling your home. i have to tell you this, folks. you will probably not like hearing what your time-share is worth on the resale market, because time-shares can be great if you're gonna use them. but they are not an investment. some have a decent amount of value and some don't. an honest broker will let you know the truth. if your time-share has little value, you can try contacting the developer or the resort. tell them that you no longer can afford the payments and you want to transfer the property back to

goals real estate or method of getting in just like showbiz original real estate was a way to fund us we wanted as kids we want to make our own films and so at the time we thought if we could pay for our own films then we would do that and then it just ended up taking off and i would never thought a million years that people would pay to look at this yes although i never thought of it happens in the era of real say what your expertise was to us pull on the shows we showcase johns is a license contractor and designer and i'm a real estate agent but in reality what we've been doing since the beginning which you see on our show brother versus brother is that we've both been renovating the houses we've both been doing the real estate side and so yeah we showcase his talent as a licensed contractor and we showcase me as the license way back in the beginning drew actually used to get in and do all the work with me and admittedly did not enjoy getting dirty is likely manicures now a lot of guys do this right fixer uppers what brought you to do it on television you know we were actually appro

real estate was tanking. was understanding, but then the blizzards approached vern with a request. >> they asked my dad to take out what's called a key now life insurance policy, him being the key person or key man in the organization. >> because aspen real estate really was just your dad. >> it absolutely was my dad. >> it made good financial sense at the time. vern's death would cripple the company, so the life insurance policy would pay $1.58 million upon vern's death. vern knew they were taking the policy out on him. he was comfortable with that. >> he did -- i wouldn't say he was comfortable with it. >> the blizzards never missed a payment on the life insurance, but they never made another payment on the business. so in january, 2010, just 16 months after selling the company, vern sent out another email to staff. this time to say, "daniel is no longer with aspen real estate." vern was taking back the company he'd built. >> it's like if you can't make your payments, you can't keep it. and so i think, you

real estate has changed my life and i know it can change yours. i know when you attend the event, it will be a day you can mark on your calendar as the moment your financial future and life took a giant leap forward. thanks for watching, i look forward to having you at the event. >>> this is the cbs "overnight news." >>> hurricane jose continues to rumble toward the east coast. it will bring rough seas, wind, rain early in the week. not expected to make landfall. a potentially larger threat, hourricane maria, is strengthening in the atlantic. targeting caribbean islands still reeling from hurricane irma. president trump's potential deal with democrats on the daca immigration program fired up his base last week. but not in a positive way. some have started burning his hats. here's nancy cordes. >> you have become the swamp. either drain the swamp or you will never make america great again. >> as disillusioned fans took hair anger out on his hats. the president tried to reassure them he is not going soft on immigration. >> we have to get massive bor

and by the way, there is some misunderstanding about real estate. why would you depreciate a building that people see building that people see standing for many, many years? captions copyright national cable satellite corp. 2008 captioning performed by vitac

host: what would you do with the estate tax? guest: i call it a death tax. a lot of small businesses, farmers in my community are struggling to find a way to keep the business in the family when they. -- die. they have already paid taxes on the value of the business and you want to tax them again. why? i have a problem with that mentality. you have to explain the rationale, other than gouging people for more money. guest: carl in houston, texas, the first call -- host: carl in houston, texas, the first call with paul mitchell of michigan. you republicans keep breaks,about giving tax but isn't taxes what keeps this government afloat? you cannot go to the water faucet in the state of michigan and get a fairly decent glass of water. schools are failing. health care is failing. goings it that you will to come up with another plan, other than tax reductions for the very rich? when are you going to do something for the people who put you in office? this is tiring. america is hurting and all you is want a bigger tax break for the rich. i am a working man and you sa

a real estate agency and stores.hip also has a new book coming out in three weeks. >> our first priority before all of this was our children around marriage. this is the most important. >> and we also can't forget, her fixer upper spin-off, behind the design. look for that in the spring. cameron with me after last night's "dancing with the stars." it was a tough night. >> it was. it does not take long to get hooked on the new cast. a gruelinging week. stars not only trying to survive the judges but trying to make it through their injuries. ♪ >> it was like watching ava gardner hat her sultriest with a little bit of jessica rabbitt. >> reporter: dancing through the literal blood, sweat, and tears of her injured toe. >> oh, it hurts. >> reporter: in this week's marital danceoff, vanessa and maks came out on top. with 24 points, they tied for first place alongside victoria arlen and jordan fisher. nick lachey and peta, meanwhile, had the second lowest score of the night. a 19. hoping to avoid barbara corcoran's fate as

within months, columbo attacks staff members on the simon estate.ght biting incidents. he even goes after sam's buddy, howard stern. >> ok, guys, go play! [ dogs barking ] >> so, in 2011, sam contacts tyson kilmer, who has a reputation for working with dangerous breeds. his hollywood clientele includes rob lowe and mike tyson, but none impresses him like sam simon. >> the first meeting he had with sam, tyson came back and went, "i met my hero. i met a guy that's doing way more than i am with animals." it was a bromance. >> alison kilmer is tyson's wife. >> was it more than just about the dog? >> oh, yeah. tyson knew right away that sam was someone that was gonna mentor him. >> still, tyson hesitates taking the columbo case. why? >> i had stopped working with that breed a few years prior, just because of the volatility and the liability issues around them. >> i'm sure that training aggressive dogs is dangerous. where is columbo on the scale? >> if it's a scale from 1 to 10, columbo's a 12. >> tyson says he makes an exception for columbo, when simon c

california demandÓ el pasado septiembre el fwob gobierno de por eliminar el programa daca, el fiscal estatalstitucional, este es el informe. ♪ acompaÑado por dos soÑadoras el fiscal estatal javier becerra demandÓ al gobierno de trump por cancelar daca. javier: empieza el proceso legal en las cortes, prometemos una lucha. jairo: ella cursa su tercer aÑo, eva teme no culminar sus estudios superiores. eva: es triste pensar que no terminaremos los estudios y deportados a un lugar que no conocemos, yo estoy de los 4 aÑos. jairo: junto a california 15 estados y el distrito de calumnia demandaron al gobierno de trump, 200 mil jÓvenes viven en california, estudian, trabajan y pagan impuestos, becerra dijo que representan el futuro del paÍs. becerra: aquÍ estÁn los lÍderes del futuro, ¿por quÉ queremos correr a los lÍderes del futuro?, que sin mucha ayuda o muchas herramientas han enseÑado que pueden sobre salir. jairo: eva es la primera de su familia en ir a la universidad, ella quiere que el presidente trump la vea como una persona que busca lo mejor para el paÍs y no como una estadÍstica. eva: es

take pkg nats una vez más...el campus de la universidad estatal de berkeley fue el escenario de una masivaifestación compuesta por estudiantes y partidarios en contra de la extrema derecha... desde tempranas horas del día...trabajadores de la ciudad colocaban barricadas de cemento para controlar el flujo de personas intentando alterar los ánimos ante la presentación del conservador ben shapiro... sot shapiro...quien ha sido el protagonista de diversas controversias por sus ataques a barack obama y hillary clinton...al igual que por expresar su oposición al programa de acción diferida, daca...se presentó en el auditorio zellerbach... su presencia...como la de sus predecesores, milo yanniopoulos y ann coulter...causó descontento entre la mayoría de estudiantes quienes dicen que estos eventos generan disturbios en el campus y crean división en esta comunidad que aplaude la libertad de expresión... sot previo a la presentación de shapiro que también incluyó una discusión abierta con el y los asistentes...se registraron al menos 4 arrestos...así como multiples sancionados por llegar al lugar co

and then they do make smart decisions about real estate. whether those people are the 100 million who use our website or the government who we provide real estate data to, we're nonpartisan. we just put the information out there. >> what if i don't want you to put my information about there about whether i buy a home or real estate choices. there is a privacy aspect to it and it's a pretty fine line, isn't it >> it is a fine line certainly in our case we think the public is served by having this information available the country, society and u.s. thinks that. that's why most of this data is available in county records. it's been typically difficult to access we've made it more readily accessible having access to real estate information helps provide for more fair and complete marketplace like having access to stock information on cnbc provides more accurate marketplace. we think the good outweighs the bad. >> spencer, we talk about silicon valley being in reputational crisis. i wonder if you're seeing it from the ceos seat are you getting e

it is real estate. it is 80 trillion industry. and you can see room sharing and car sharing with uber. but no one has done it with the biggest industry in the world. we are running an institution that is built on different principles. that is exciting. >> maria: your next door has become incredibly successful in the short period time. the buzz around next-door is huge. congratulations to you as well. what are you trying to do and talk to us what you need to do to get to scale? >> we believe we have a local social network. twitter to find people that are interesting and linkedin to connect to colleagues. there hasn't been a social network until next door that will connect us to people right outside that's the inspiration. our front door. 80 percent of the american neighborlieds use next door. the last round was billion dollars. and an interesting change, money is everywhere. you can get it from a venture capitalist or late stage investors or talk about a corporate partner. at the end of the day, what's important for us as we really

so, imagine you're in the real estate business. boy, the real estate lobby i-s on k street in d.c. are going nuts. if you double the standard deduction essentially you make the house held mortgage deduction less value unless they take it. and that would have tremendous ramifications. push back on you guys, you do away with the estate tax and alternate minimum tax and have a situation with pass through, guess what their partners are making more money than ever and i think that's the way that democrats see it and they want simplification, but they don't think you should dump the money in the hands of the rich. liz: gerri. >> what you're talking about, i have to push back. they look like rich people on paper because they put profits from the company through their personal irs filing, right? what we need to do is reduce that tax for them, guess what? we'll hire more people and that will have a direct and immediate impact on the economy, no doubt about it. liz: we saw how the tax cuts worked under reagan and how the tax cut and hike under clinton worked. both had great growth. let's loo

so sit back and enjoy. - [narrator] as one of today's most trusted real estate experts, nick has beenn, in print, and was the host of la's

how the likes of amazon can affect marshall real estate.new york, this is bloomberg. ♪ is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. from bloomberg world headquarters, this is "bloomberg markets." bigus look at the day's movers. a down day for oil and related commodities, including gasoline and heating oil. falling just over 1%. the backdrop if there is concern oil may have rallied too much t oo soon. at these levels, the market needs to be fed said he, positive information. steady, positive information. track for its worst month since november last year. thank you so much. the real estate industry is feeling the effects of tech distraction, the rise of e-com

>> you come from the real estate business. blackstone. >> that was an incredible platform and experience and institution that built a great business. but at cadre, if i would ask you, what is the largest and profitable industry in the world. it is it real estate. it is it 80 trillion industry. and you can see room sharing and car sharing with uber. but no one has done it with the biggest industry in the world. we are running an institution that is built on different principles. that is exciting. >> you're next door. the buzz around next door is huge. what are you trying to do and talk to us what you need to do to get to scale. >> we believe we have a local social network. twitter to find people that are something and linked in to take to colleague. next door will connect us with people right outside of the front door. that's the inspiration. 80 percent of the american neighborlieds use next door. the last round was billion dollars. and an interesting change, money is everywhere. you can get it from a venture capitalist or late

. - [narrator] the following is a sponsored presentation for the nv real estate academy's fortunes inre you ready to learn how to make money and achieve your financial goals through real estate right in your own backyard? imagine being your own boss while building wealth and financial freedom for you an your family. if that sounds good to you, then listen up. over the course of this program, nick vertucci, self-made real estate millionaire, is going to show you how to get all of that and more by investing in real estate. - hi, i'm nick vertucci, and for the next 30 minutes, you're gonna meet some of my students, hear about my systems, and hear about some great opportunities for you and your family. so sit back and enjoy. - [narrator] as one of today's most trusted real estate experts, nick has been featured on television, in print, and was the host of la's

so people at the very top will spell out in detail, in detail to see the abolition of the estate tax. the incredible windfall.e middle-class folks cannot guarantee that we will not pay more in mr. kohn said to help the middle class will you commit to that? there might be somebody somewhere with state and local taxes mr. e but would not stand behind the middle-class, mr. president, the way this administration stands behind those at the top and why i said the president with his parade of m millionaires are executing a middle-class con job and the president is out of touch it at all the time is to deliver tax relief to those that need it the most for those that go back to the drawing board the desipramine middle-class americans with those of larger families don't hit them with a tax increase they cannot afford. we on our side we share the view the caste system is a broken-down bus filled with loopholes often my wife says stop there because anymore will frighten the children. to be sure the tax system is broken and i have been very proud over the years with a proposal that is bipartisan t

huang, i'd like to ask about the estate tax. the republicans outlined today calls for a complete repeal of the estate tax. in my view the repeal itself is the epitome of a tax cut for the wealthy. especially for the lucky child who gets it. the estate tax only kicks in when the inheritance is more than $5.5 million, or $11 million for a married couple. any estate below the 5.5 million threshold is not even subject to this tax. that means repealing it would give the wealthiest .2% of estates and average tax rate of over $3 million. if anybody thinks that this will help small farms, only about 80 small farms and this is estates would pay a tax in 2018. and repealing it will cost the budget 269 bearing dollars over ten years. can you elaborate what the effect of this review would be a for wealthy errors with small farms and businesses benefit as republicans often claim? >> essentially right. most progressive part of income tax at the moment, and you cites the numbers about i'll concentrate it would be. well, the benefit is even mor

real e estate, as m.i.t. has studied, real estate's proper economic life is closer to 20 years than 39 or 27 1/2 years. by the way, there is some misunderstanding about real estate. why would you dpreesht a building that people see standing more many, many years, and these buildings are capital intensive. it's not just that they fall down. people invest money into these buildings to keep them a competitive part of our economy. and allow these to accommodate business as it changes over time. i don't think anyone here would want to move into an apartment or work in an office that hasn't been rehabbed and updated for 30 or 40 years. that's what this depreciation is about. it's both physical wear and tear and economic obsolescence. so, yes, i agree with what you're saying. >> you suggest, i think, a 20-year recovery period. would you apply that to both residential and non-residential property? >> i would. but i would state an argument based on what senator cantwell suggested earlier, you may want to have a differ

the estate tax would save his kids $4 billion. >> well, okay. so you can say that if you don't want donald trump to have a tax cut, therefore i'm going to vote against his package that helps 310 million americans, i guess that's one reason. i think it's a silly reasonable. and one of your other previous, guests talked about farmers. i grew up farming and ranching. it's still in my family. i can show you thousands of family farmers who are making middle income if that but because they've had the land in their family for generation, it's worth a lot of money. now, if when they pass away to pass that on to their children, it falls under this death tax, which the only taxable thing they did was pass away. they've already paid taxes on that money. they've saved and been careful and accrued that wealth and now the government comes and says we're going to take half of it. most americans look at the death tax and think it's fundamentally unfair. and, again, katy, i just think it's -- i don't want to make the argument that because this benefits a few peo

well as chairman of the national real estate organizations. mr. deboer has also served as co-chairman of the rand center for terrorism risk management policy and was a founding member of the steering committee for the coalition to insure against terrorism. he holds degrees from washington and lee university school of law and from youngstown college. he's a member of the bar association. i want to thank all of you again for coming today. and i look forward to hearing your remarks, so mr. hodge, we'll begin with you. if you'll please begin, that would be great. >> well, thank you, mr. chairman and ranking member wyden, good to see you. i commend you for taking on the challenge official reforming america's business tax code, especially the task of overhauling our corporate tax system. most important thing that congress and the administration can do to boost economic growth, lift wages, create jobs, and make the u.s. economy more competitive globally is overhaul our business tax system. the tax foundation's extensive economic research and tax mode

it eliminates the estate tax. expands a loophole that will line the pockets of the trump family and while professing concern for companies offshoring profits and jobs their proposal creates a new incentive to ship jobs off shore a. and having paid little or no taxes. as far as working families, some will see an increase in taxes under this plan. a lack of trump university degree or republican health care plan the gap between what they say they do and what they do is immen immense. this plan called the deep 6 -- the big 6 plan needs to be deep 6 claiming that these tax breaks will magically pay for themselves is as credible as the mexicans paying for the wall. in fact, this means trillions of additional federal borrowing from the chinese and saudis and others that will jeopardize medicare, medicaid, social security, education and other vital services and that's why words from you are so very important today. thank you leader and ranking member neal. >> thanks very much. the leader has recognized the witnesses. so w

from paying real estate agents what if there was a flat fee it's something people are betting is theave of the future and the present diana olick reports on a sign of the times. >> reporter: the signs of everywhere competition is fierce for real estate agents. with the number of listings historically low, agents are doing all they can to lure sellers, and that means changing the business model >> for purple bricks, what's great about our model is it's new in the u.s. >> reporter: london based purple bricks with $60 million in investor backing it is a flat fee brokerage charging $3200 to sell your home the traditional broker fee is 6% of the sale price. for a home that sells around $250,000 which is near the median sale price in the u.s., that means a commission of $15,000. >> i think what made it successful abroad and here in the u.s. is the true hybrid nature of the model. we use technology but we believe the real estate agent can be sound in the technology. >> it uses all of the technology, 3d home tours, appointment portals but there is a local agent working closely with each sell

get rid of the estate tax. the estate tax hits the top .2% of estates. you cut the corporate rate, well, who does that help? you get rid of the amt. 31 million for trump according to "the new york times" tonight. but the middle class, now trying to tell you this is going to help the middle class. people are starting now to crunch the numbers. the details are coming out. we don't have all of them yet. we need more and it looks like taxes will actually go up for some middle class families and the reason is that they're getting rid of the personal deduction. the personal exemption. they double the standard deduction and helps a lot of low income family and get rid of the personal exemption $4,000 per person. i won't get into the for aly bits of the code but people figuring out that there are some families, typically with couple of kids in the upper part of the middle class who look like based on what we know so far they get a tax increase. so, yeah. that's the kind of thing you don't want people looking at. >> steve mnuchin and possibly gary cohn find them

guest: you have to have an estate above a certain level to get into the system at all. host: how much money do they think they will save? guest: it does not make or break this. if you look at individual income taxes, they are about one point archery and dollars right now. we spent $4 trillion endres about another 1.5 trillion in payroll taxes. 300ave a little over billion, and it doesn't really raised the book of the financing for the federal government. here is host: -- host: here is don in virginia. caller: first, thanks to c-span. when they calculate, this it america has the highest corporate tax around, do they calculate value added taxes that most european countries have as part of their tax system? is it even appropriate to look into what value added taxes have on corporate taxation? guest: the answer is no. it is a comparison of corporation income tax rates. it does not include the value added taxes, which are big revenue raisers in a lot of european countries. there are other comparisons, which are total tax burden. here, the u.s. has a relatively light tax burd