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Aug 19, 2022
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brian, i bet we will hear more buybacks ahead of the i.r.a. kicking in >> that 1% stock buyback tax ber bertha, the uk story can you imagine if your power bill or heating bill doubled and you are struggling to make ends meet and they change those rates. a lot of sticker shock bertha, thank you. >> that's something they have to deal with. >> it will be tough for millions of families there. we will get more on that story going forward. >>> in the meantime, federal officials with a united front on tackling inflation it is the question over how fast and how high to raise rates and it is revealing fractures within the central bank yesterday, st. louis fed chief james bullard said he is currently leaning toward supporting a third straight 75 basis point hike in september. the san francisco fed president mary daly said raising 75 would be reasonable, but that is dependent on inflation data between now and then the comments coming from the conference in jackson hole, wyoming. let's talk about the stock picks and opportunity friday on "worldwide exchan
brian, i bet we will hear more buybacks ahead of the i.r.a. kicking in >> that 1% stock buyback tax ber bertha, the uk story can you imagine if your power bill or heating bill doubled and you are struggling to make ends meet and they change those rates. a lot of sticker shock bertha, thank you. >> that's something they have to deal with. >> it will be tough for millions of families there. we will get more on that story going forward. >>> in the meantime, federal...
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Aug 7, 2022
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this investment that we're looking at, the potential investment in the i.r.a. it is the largest investment to tackle the climate crisis united states history. this is a big day for the country. this is a big day highlighting the presidents leadership. this is a big day for epa. >> the entire country has endured successive waves of extreme heat this summer. i myself learned this week that in the last 30 years heat deaths have been the single greatest cause of weather related fatalities. i think about with black communities but also native american communities found they have the highest percentage of heat related deaths per group. can you tell us why that is? what is this white house doing to mitigate the effects? >> reverent,, you're absolutely right. let me add a couple of other steps to that. we know that black americans, 34% are more likely to live in communities because of climate change. if we see a two degree increase in temperature, 34% of black americans children will see an increase in asthma. we also know that if we see a 2% increase in temperature, 4
this investment that we're looking at, the potential investment in the i.r.a. it is the largest investment to tackle the climate crisis united states history. this is a big day for the country. this is a big day highlighting the presidents leadership. this is a big day for epa. >> the entire country has endured successive waves of extreme heat this summer. i myself learned this week that in the last 30 years heat deaths have been the single greatest cause of weather related fatalities. i...
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Aug 7, 2022
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whether the i.r.a. makes it to the presidents desk is now in the hands of the house. over the next two hours you will hear from key voices involved in that process including the presidents climate adviser and with the irate does to save our planet. congressman mark veasey will be here with his opinions on what happens later this week. let's start with nbc's julie tsirkin who's been tracking each development this weekend on capitol hill. julie, had senate democrats get this legislation across the finish line and what is in the final version? >> at one point senate democrats were concerned that they wouldn't be able to get over the finish line because of a last-minute hiccup with the tax force has been. all in all, all 50 democrats are on board for this historic legislation. as you mentioned, at the top historic investments in climate and energy. but also, for the first time allowing medicare to negotiate drug prices with prescription drug companies. this is huge for seniors over 65 years old. of course for those who get their insurance from private companies, not such
whether the i.r.a. makes it to the presidents desk is now in the hands of the house. over the next two hours you will hear from key voices involved in that process including the presidents climate adviser and with the irate does to save our planet. congressman mark veasey will be here with his opinions on what happens later this week. let's start with nbc's julie tsirkin who's been tracking each development this weekend on capitol hill. julie, had senate democrats get this legislation across...
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Aug 6, 2022
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and what do you think the impact of the i.r.a. could be potentially? how will it help if it will help inflationary pressures on american families who have been dealing with skyrocketing prices on essential items? >> so the inflation reduction act, the i.r.a., that you call it, is really aimed at the actual cost of price hikes. which is the tremendous shots that we are having right now to our food production system. a lot of that is the war between russia and ukraine. the effect it has on fertilizer production, the effect it has on fuel supplies, which then in turn affects the production of food. but a lot of this is climate change. we are having a drought in italy, we are having a drought in india, we are having a drought in africa. none of that has anything to do with the, war but it has everything to do with global warming. the inflation production act finally texas on the side of the environment and doing the things that will help to relieve this tremendous shot that we are having from global warming. it puts a check on health care cost, many americ
and what do you think the impact of the i.r.a. could be potentially? how will it help if it will help inflationary pressures on american families who have been dealing with skyrocketing prices on essential items? >> so the inflation reduction act, the i.r.a., that you call it, is really aimed at the actual cost of price hikes. which is the tremendous shots that we are having right now to our food production system. a lot of that is the war between russia and ukraine. the effect it has on...
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Aug 6, 2022
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here is senator schumer just last hour reinforcing the impact that the i.r.a. will have on americants the most. >> the time is not move forward with a big, bold package for the american people. again, this was a historic bill, this is store bill will reduce inflation, lower cost, for climate change. it is time to move this nation forward. >> the stage appears set for passing. all 50 democratic senators on board, including the critical support of arizona senator kristen sinema, who oked the bill after negotiating to drop a 14 billion dollar tax front increase on hedge fund managers and private -- the next step is overcoming republican roadblocks. here is democratic senator brian schatz urging members of his own party to keep their eyes on the price. >> this really is a delicately negotiated compromise. there are lots of things i would put in, even a few things i would remove, if i brought it myself. but to get to 50, we had to get this finally calibrated. i think the other things to point out, look, the voter -- we have a bill, and they have one objective, and o
here is senator schumer just last hour reinforcing the impact that the i.r.a. will have on americants the most. >> the time is not move forward with a big, bold package for the american people. again, this was a historic bill, this is store bill will reduce inflation, lower cost, for climate change. it is time to move this nation forward. >> the stage appears set for passing. all 50 democratic senators on board, including the critical support of arizona senator kristen sinema, who...
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Aug 7, 2022
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for this reason, all vote to protect the integrity of the i.r.a.f their fake amendments. putting aside the acronym i.r.a., what are your thoughts about that manchin turn about? should liberals now be incredibly grateful that he is in fact within the party tent? >> you know, i think one of the things that we are seeing with joe manchin is he is completely astonished about what happened on january six, and how much the january six committee has been able to demonstrate the complicity of his colleagues on the republican side who are trying to undermine our democracy. i think it is that opening that has allowed schumer to come to the table with joe manchin and say wait a second, we need to legislate for the american people and demonstrate that the system of government actually works. i still think that joe manchin is on the conservative, modern barrett side of the party but that's okay, what he is bringing to the table is very much with the american people are seeing live unfold when it comes to january six, it has never sat well with him and now that
for this reason, all vote to protect the integrity of the i.r.a.f their fake amendments. putting aside the acronym i.r.a., what are your thoughts about that manchin turn about? should liberals now be incredibly grateful that he is in fact within the party tent? >> you know, i think one of the things that we are seeing with joe manchin is he is completely astonished about what happened on january six, and how much the january six committee has been able to demonstrate the complicity of his...
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Aug 11, 2022
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the interesting thing happening right now is that with the i.r.a. ev incentives scheduled to go into effect once the president signs the bill, whether that's early next week, whenever it might be, the current ev incentives which rivian buyers qualify for, they go away. so rivian has sent out a note to all of the reservation holders basically saying lock in your deposit and everything today so you can get that incentive though you won't take delivery until well down the road i'll be curious what they say about how many people have said, yeah, i want that $7,500 because once the incentives go into place people ordering will not be able to get that incentive because it's too expensive, botch the $80,000 price point. >> i wasn't sure if it was the sourcing requirements. i've seen a number of people saying they are so strict a lot of these existing evs may not qualify. >> reporter: this one is strictly about the price point more than anything else. very few people get a base model. and if you're looking at the base model, it will qualify but that's not h
the interesting thing happening right now is that with the i.r.a. ev incentives scheduled to go into effect once the president signs the bill, whether that's early next week, whenever it might be, the current ev incentives which rivian buyers qualify for, they go away. so rivian has sent out a note to all of the reservation holders basically saying lock in your deposit and everything today so you can get that incentive though you won't take delivery until well down the road i'll be curious what...
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Aug 8, 2022
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major $750 billion piece of legislation is officially known as the inflation reduction act, or the i.r.a. it includes an investment of more than $300 billion in clean energy and climate reform. it is the largest federal clean energy investment ever in u.s. history. >> joining us now to share his perspective is cnn chief climate correspondent, bill weir. bill, the numbers are eye-popping. as we've noted, they were less than what had originally been pitched by the biden administration, but in the grand scheme of things, how big are these dollar amounts being contributed to these incentives? >> considering u.s. climate action was dead, you know, on the way to the cemetery, this is miraculous. it's about maybe 60%, 70% of biden's initial climate piece than this big castle he built he was trying to get passed, but it has so many juicy carrots for parts of industry, for consumers for buying electric vehicles or stoves or heat pumps, but it also sends these insane market signals. you have ten-year tax incentive for any clean energy. if you want to get into next generation nuclear, green hydroge
major $750 billion piece of legislation is officially known as the inflation reduction act, or the i.r.a. it includes an investment of more than $300 billion in clean energy and climate reform. it is the largest federal clean energy investment ever in u.s. history. >> joining us now to share his perspective is cnn chief climate correspondent, bill weir. bill, the numbers are eye-popping. as we've noted, they were less than what had originally been pitched by the biden administration, but...
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Aug 14, 2022
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once biden silence the i.r.a. into law, he will have overseen 3.5 trillion dollars of his legislative agenda, since taking office. that has addressed everything from cohen ided, to repairing roads, ensuring broadband, and so much more. another part of that the president just signed a bill to expand the microchip industry here in the u.s. and that is a 280 billion dollar investment and ate another bill to provide care and resources to 3.5 million veterans exposed to toxic burn pits. also, last week, biden scored a major foreign policy victory, with a u.s. conducted drone strike, killed in al-qaeda leader. -- detailing what i did last summer, it would include, the single greatest expansion, of gun control protections in america, in decades. which passed congress in june. that included enhanced background checks, and a federal grant program -- and a federal statute, banning gun trafficking. a president did all of this, with razor thin margins in both the house of the senate. with all the successes under their, about
once biden silence the i.r.a. into law, he will have overseen 3.5 trillion dollars of his legislative agenda, since taking office. that has addressed everything from cohen ided, to repairing roads, ensuring broadband, and so much more. another part of that the president just signed a bill to expand the microchip industry here in the u.s. and that is a 280 billion dollar investment and ate another bill to provide care and resources to 3.5 million veterans exposed to toxic burn pits. also, last...
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Aug 16, 2022
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not to be confused with the other i.r.a.mate change and tax reform bill for clean energy companies and we have to look into that. how about sonova energy international, which does residential solar here in the u.s.? these guys are a big player with nearly 100% sales just this year. the company still losing money on earnings basis and that is unlikely to change over the next couple of years. the stock has been clobbered, sinking to $12 in changes since may. sonova has come roaring back, after announcing a big convert last night. the stock is almost double. it explodes, and that is kind of attractive to me. let's check with john. he is the ceo at sonova international. >> thanks for having me, jim. >> literally just a couple of hours ago, it was very exciting and chilling for some of us who really want to fight climate change very much. what does it do for your company? >> well, for the industry, for the first time in history, we now have certainty as investors look at the broader solar industry, batteries, clean energy, with t
not to be confused with the other i.r.a.mate change and tax reform bill for clean energy companies and we have to look into that. how about sonova energy international, which does residential solar here in the u.s.? these guys are a big player with nearly 100% sales just this year. the company still losing money on earnings basis and that is unlikely to change over the next couple of years. the stock has been clobbered, sinking to $12 in changes since may. sonova has come roaring back, after...
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Aug 21, 2022
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and of course the i.r.a., the inflation reduction act. >> there is receipts! list the receipts!ile long list, but there's so much happening right now. there is a political atmosphere then there was a little few months ago. >> let's go back to florida. ron desantis is going to be the governor of the state. there's a democratic primary happening on tuesday. you have nikki freaky, she is the agriculture commissioner, she's the only democrat elected statewide. she is facing off against charlie chris, he's made a name for himself in congress. but again, nikki, she's a statewide elected democrat. camilla, how do you think this is going to check out? at this moment you see both candidates to get to vote for them. really putting it clearly that would round the sentence has been doing these past few weeks, and even most recently with saying that he's going to charge up to 20, 40 -- just for voter fraud. just saying there's more to come if they go in the direction of voting for the incumbent. this is really a paint state -- there's a lot to lose for them. because they really need -- in th
and of course the i.r.a., the inflation reduction act. >> there is receipts! list the receipts!ile long list, but there's so much happening right now. there is a political atmosphere then there was a little few months ago. >> let's go back to florida. ron desantis is going to be the governor of the state. there's a democratic primary happening on tuesday. you have nikki freaky, she is the agriculture commissioner, she's the only democrat elected statewide. she is facing off against...
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Aug 11, 2022
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, look, if you want to lock in the current $7,500 federal tax credit for evs, do it now before the i.r.ahose kick in, the old incentives go away and as a result some of these have a price point that will not qualify for the new ev that will be a topic of discussion on the call that starts at 5:00 eastern time. guys, back to you. >> our phil lebeau, thank you. >>> you own two stocks that could benefit from a growth in ev sales what's your take on rivian coming up? >> this is positive for the company that owns a lithium mine in the u.s. and that's in nevada they have a strategy that they're diversified, about 40% of their revenue coming from lithium mining they have about 35% coming from production and 25% from the clean fuels. the thing that will be interesting about albemarle, they are looking at opening up a plant, a processing plant, for lithium in the southeast that could benefit king mountain, north carolina, could come on line in 2026 or 2027 quanta is one of the leading contractors for infrastructure in electricity and alternative energy and has a very large backlog that says their
, look, if you want to lock in the current $7,500 federal tax credit for evs, do it now before the i.r.ahose kick in, the old incentives go away and as a result some of these have a price point that will not qualify for the new ev that will be a topic of discussion on the call that starts at 5:00 eastern time. guys, back to you. >> our phil lebeau, thank you. >>> you own two stocks that could benefit from a growth in ev sales what's your take on rivian coming up? >> this is...
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Aug 15, 2022
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expected but long term the ira is a major catalyst for the rerating the sector needed adding, the i.r.aved the uncertainty around clean energy incentives boosting the long-term investment and growth outlook for the sector with this type of gain it is kind of look out below. >> fair enough we lump all of this together but do you think there is any one area in particular that should be a focal point now >> i think energy storage is really interesting because the ira includes a 30% itc for stand alone storage for the first time ever. >> for utilities >> for utility and residential all types of energy storage. so previously that incentive was only available if it was co-located with solar. now it is for anything meaning you can go back and add energy storage and capture the 30% tax credit it is a game changer for companies like fluence and stem who are laser focused on the battery storage sector. >> that is really interesting. you know the personal hypothesis experiment we're running at home all the time is the economics of this transition. does it mean something like a tesla power wall i c
expected but long term the ira is a major catalyst for the rerating the sector needed adding, the i.r.aved the uncertainty around clean energy incentives boosting the long-term investment and growth outlook for the sector with this type of gain it is kind of look out below. >> fair enough we lump all of this together but do you think there is any one area in particular that should be a focal point now >> i think energy storage is really interesting because the ira includes a 30% itc...
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the white house pushing back this morning on a running gop talking point that the i.r.a. it was the way that republicans did that, was so that it could make an argument that is false. it is going to fight inflation. it has been proven. it has been said by economists across the board on the republican side and on the democratic side. >> joining me now, jennifer reeve and she is back with us. jennifer, looking forward to these primaries tuesday. sort of a lot of that must hear -- these races are very different. i wonder what it is you are looking for and what you think will be able to glean about what it all means for november and beyond? >> well, wyoming's liz cheney's race. it may be a terrible loss for her. i fully expect that she's going to announce that she is not done and politics, and that it's her mission as it has been for the last year or so to make sure that donald trump is held accountable and to make sure he never gets to be president again. i think the races in new york, just like races all over the country, really have seen this elevation of the abortion issu
the white house pushing back this morning on a running gop talking point that the i.r.a. it was the way that republicans did that, was so that it could make an argument that is false. it is going to fight inflation. it has been proven. it has been said by economists across the board on the republican side and on the democratic side. >> joining me now, jennifer reeve and she is back with us. jennifer, looking forward to these primaries tuesday. sort of a lot of that must hear -- these...
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Aug 7, 2022
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the bill, and the inflation reduction act, the i.r.a., would represent the largest climate investment in u.s. history. it will make major health policy by giving medicare the power, for the first time ever, to negotiate the prices of certain prescription drugs. the package is the product of painstaking negotiations, and it would give democrats a chance to achieve major policy objectives. ones that they sought for decades. they could get them ahead of the midterms. vice president, kamala harris, casting the tie breaking vote on the motion to proceed. the senate has, officially, begun debating the legislation. joining me now, norman ornstein, who is an emerita scholar in american enterprise institute. he is also a contributing editor from the atlantic, and i will say this, he is, objectively, one of the foremost experts in all things the institution of congress. norm, thank you so much for joining us, i really appreciate it. let's just talk us through, as you understand it. the state of the legislation, at this very moment. what is in the bill, what is out of it? >> so, we know that the
the bill, and the inflation reduction act, the i.r.a., would represent the largest climate investment in u.s. history. it will make major health policy by giving medicare the power, for the first time ever, to negotiate the prices of certain prescription drugs. the package is the product of painstaking negotiations, and it would give democrats a chance to achieve major policy objectives. ones that they sought for decades. they could get them ahead of the midterms. vice president, kamala harris,...
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Aug 25, 2022
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what about the criticism from some economists, even larry summers, who supported your last bill, the i.r.a. bill, said this will make inflation worse. >> well, with respect, i disagree. if you look at the last president paused the student loan payments and nobody's been paying payments back now for over 2 1/2 years. they will start repaying those loans starting in january. this will start to take effect. and i think it will be a wash. lu look, let's be clear about what we're saying. no one raised inflation in 2017 when republicans gave $2 trillion away to billionaire corporations and the top 1% of this country. and everybody, every working family was left behind. now we are investing in working families and there's an outcry. but i will tell you, i will bet on the working families of this country every day of the week, and if i have to choose i will choose investing in those working families than choosing to give over $2 trillion, which is exponentially bigger than this legislation, to the top 1% of billionaire companies. >> just the other day i was talking to one of your colleagues, a dem
what about the criticism from some economists, even larry summers, who supported your last bill, the i.r.a. bill, said this will make inflation worse. >> well, with respect, i disagree. if you look at the last president paused the student loan payments and nobody's been paying payments back now for over 2 1/2 years. they will start repaying those loans starting in january. this will start to take effect. and i think it will be a wash. lu look, let's be clear about what we're saying. no...
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Aug 10, 2022
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the i.r.a., the chips and science pact, we put the p.a.c.t. for veterans in 20 years, we did something on guns for the first time in 30 years that reduces violence, we did the nato bill. all of those things in six weeks was marvelous accomplishments on various different fronts. people are going to see, democrats can get something done even with a 50/50 margin in a caucus that runs from bernie sanders to joe manchin, not an easy job but we did it. >> majority leader schumer, i'm sorry about the death of your father. what a blessing to have had him in your life for so long. >> thank you. he's still here, giving us guidance. he's still here, giving us guidance, anderson. >> we could all use some guidance. senator, thank you. >>> an update on 8-year-old cooper roberts who was paralyzed during the highland park shooting, next. it never looked or felt like real food. but with the farmer's dog you can see the pieces of turkey. it s smells like actual food. i saw a difference almost overnight. healthy poops, healthy dog, right? as he's aged, he's stil
the i.r.a., the chips and science pact, we put the p.a.c.t. for veterans in 20 years, we did something on guns for the first time in 30 years that reduces violence, we did the nato bill. all of those things in six weeks was marvelous accomplishments on various different fronts. people are going to see, democrats can get something done even with a 50/50 margin in a caucus that runs from bernie sanders to joe manchin, not an easy job but we did it. >> majority leader schumer, i'm sorry...
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record inflation we're experiencing. 58% of americans own stock and 60 million investors invest in an i.r.a. or 401(k). we want people to save for retirement. it's a good thing. we want them to have healthy retirement. when democrats say they worry about tax prices going up, when companies buy back stocks it causes that stocks to go up which means it makes americans retirement accounts that much larger. why is that a problem? the tax foundation says retirement accounts own 37% of all corporate stock. that's about 8.5 trillion dollars in retirement funds. $8.5 a trillion of retirement funds earn corporate stock. some will say this is just 1%. well, we know that once a tax is initiated it tends to increase. this is the camel's nose under the tent. the first income tax in 1913 was 1% on top earners. i think a lot of middle-income earners would be happy to have a tax rate that low. this will impact families and their retirement. for that reason we should not go down that path. democrats will tax employee stock ownership programs or esops with tax incentives with the dividends to go to retiremen
record inflation we're experiencing. 58% of americans own stock and 60 million investors invest in an i.r.a. or 401(k). we want people to save for retirement. it's a good thing. we want them to have healthy retirement. when democrats say they worry about tax prices going up, when companies buy back stocks it causes that stocks to go up which means it makes americans retirement accounts that much larger. why is that a problem? the tax foundation says retirement accounts own 37% of all corporate...
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Aug 16, 2022
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for this reason, the research firm resources, which has come up with a list of who they call the i.r.a. ev winners and losers. among the losers, they pointed out you have tesla, ford, and gm. that is because tesla, ford, and gm have their assembly lines letty to go right now or they will be in the next couple of years. by comparison, take a look at who are the losers. most notably on this list, you will see the japanese automakers, toyota, and nissan. that is because they don't have immediate plans to build ev's here in the u.s. and by extension that means that for a while, any evs they import into this country they will get the 7500 dollars discount. >> phil, affordability is a huge issue here. four dollars for a gallon of gas is expensive, but $66,000, which is what an electric vehicle is averaging right now, is so much more expensive. how quickly can these companies make enough cars so that the price drops? >> it is going to take some time, because the biggest thing that is driving up the cost of electric vehicles are batteries. and the battery packs, the cells that go into them, an
for this reason, the research firm resources, which has come up with a list of who they call the i.r.a. ev winners and losers. among the losers, they pointed out you have tesla, ford, and gm. that is because tesla, ford, and gm have their assembly lines letty to go right now or they will be in the next couple of years. by comparison, take a look at who are the losers. most notably on this list, you will see the japanese automakers, toyota, and nissan. that is because they don't have immediate...
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Aug 19, 2022
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does the i.r.a. -- or is it gas prices? you are the transportation secretary and have to think about gas prices. how much of this, this sort of lofty proposition of new future, vis-À-vis that administration, and how much of this is about just people saying, oh, my $3 gas is $3 a gallon, not six? >> i think people are looking around at how their lives are different, how they are shaped by forces around the world and political decisions made in washington. that is one of the reasons that gas prices is something that is on everyone's mind. obviously,, gas prices are not controlled by any individual policy maker in washington. but they are part of what it is like to live in the american economy and americans hold those in charge responsible for the overall conditions. and to some extent, we have leaned into that. the president took a lot of steps to help stabilize gas prices, not that he controls them. but things like releasing the oil from the oil reserve was designed to bring some relief and breathing room instability. i thin
does the i.r.a. -- or is it gas prices? you are the transportation secretary and have to think about gas prices. how much of this, this sort of lofty proposition of new future, vis-À-vis that administration, and how much of this is about just people saying, oh, my $3 gas is $3 a gallon, not six? >> i think people are looking around at how their lives are different, how they are shaped by forces around the world and political decisions made in washington. that is one of the reasons that...
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Aug 21, 2022
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. >> as part of the i.r.a.ts have been trying to get since the bye ministration started. rick scott who joined looked in specifically to post this open letter to job seekers made a bunch of claims about the fact that the irs is going to come after middle class americans, shake them done for money, shot your door with guns. among this half treat that he is putting out there is that the funding is billions upon billions of dollars to hire more irs agents than the fbi, state department, and pentagon put together have. what is really insidious about that sort of statement is how selective it is. she says the pentagon and open. ladder and if you take the pentagon and video tree and you add together those other agencies, yes that makes sense. but if you look at the department of defense, we do so most people think when you say the pentagon, that is over 700,000 civilians around the world. this letter is very carefully crafted to exploit people's fears and explore the idea that the irs is coming for you, specifically.
. >> as part of the i.r.a.ts have been trying to get since the bye ministration started. rick scott who joined looked in specifically to post this open letter to job seekers made a bunch of claims about the fact that the irs is going to come after middle class americans, shake them done for money, shot your door with guns. among this half treat that he is putting out there is that the funding is billions upon billions of dollars to hire more irs agents than the fbi, state department, and...
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Aug 10, 2022
08/22
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i think in the last six weeks, with the i.r.a., with the chips and science act, we put the pact act togetherce in health care for veterans in ten years -- we did something on guns for the first time in 30 years that reduces the violence. we did the nato bill. all of those things in six weeks was marvelous accomplishments on various different fronts. and the people are going to see, democrats can get something done. even with a 50/50 margin in a caucus that runs from bernie sanders to joe manchin. not an easy job but we did it. >> majority leader schumer, appreciated, i'm sorry about the death of your father and what a blessing to have had him in your life for so long. >> thank you. >> i wish you the best. >> he is still here giving us guidance. >> he is still here giving us guidance. >> >> we could all use some guidance. senator, thank. you an update on our remarkable young man, eight your old cooper roberts, who is paralyzed during the highland park shooting. that's next. if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cel
i think in the last six weeks, with the i.r.a., with the chips and science act, we put the pact act togetherce in health care for veterans in ten years -- we did something on guns for the first time in 30 years that reduces the violence. we did the nato bill. all of those things in six weeks was marvelous accomplishments on various different fronts. and the people are going to see, democrats can get something done. even with a 50/50 margin in a caucus that runs from bernie sanders to joe...
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Aug 7, 2022
08/22
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if passed, the i.r.a. would invest 369 billion dollars to help save our planet from climate change. it would also help ease inflation lower prescription drug costs collect taxes from corporations and reduce the deficit. here's senate majority leader, chuck schumer, on the passing of legislation. >> this bill will kickstart the era of affordable clean energy in america. it is a game-changer. it is a turning point. it has been a long time coming. to americans who have lost faith that congress can do big things? this bill is for you. two seniors who face the indignity of rushing medications or skipping them altogether, this bill is for you. >> no senate republican voted in favor of this bill but, gop senators to block one big key provision a cap on insulin costs at $35 a month for people with private insurance. the legislation still includes a 35-dollar kobe cap on the price of insulin for people 65 or older on medicare. now without the help of republicans, democrats have a massive legislative win to sell american voters before the fall's midterm elections. as politico frames it, passa
if passed, the i.r.a. would invest 369 billion dollars to help save our planet from climate change. it would also help ease inflation lower prescription drug costs collect taxes from corporations and reduce the deficit. here's senate majority leader, chuck schumer, on the passing of legislation. >> this bill will kickstart the era of affordable clean energy in america. it is a game-changer. it is a turning point. it has been a long time coming. to americans who have lost faith that...
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Aug 19, 2022
08/22
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candidates have been forced to defend donald trump, democratic candidates now have proof points and i.r.an making a difference in peoples lives. they won the week this week. >> all right, i think that's a fair one. dean, what do you got? >> if it wasn't political, i would pick you, tiffany, for doing a great job hosting this week. but, from the political world, it's john fetterman, another democratic candidate, in pennsylvania. it's his first week out on the campaign trail after having a stroke, and he -- horrific ad, where doctor oz complain that he and his wife couldn't make a cruditÉs, which cruditÉs, if you are the president of the country club or the hamptons is what you do. the rest of us call it a veggie platter. and doctor oz was crushed for that. he's just -- it's not working. losing. >> i agree. well i'm gonna be very quick. the nba won the week because they announced they would not hold games on november 8th to encourage people to vote, and they did such a better job than the nfl when it gets to civic engagement. you remember in 2020, they were converting a member of their aren
candidates have been forced to defend donald trump, democratic candidates now have proof points and i.r.an making a difference in peoples lives. they won the week this week. >> all right, i think that's a fair one. dean, what do you got? >> if it wasn't political, i would pick you, tiffany, for doing a great job hosting this week. but, from the political world, it's john fetterman, another democratic candidate, in pennsylvania. it's his first week out on the campaign trail after...
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Aug 7, 2022
08/22
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. >> the first praise for the i.r.a. i have heard.a, i want to pick up on that, we've had i'd say like 14 to 16 months of pretty bad news for biden, the vibes have been a bit off, i would say, but then suddenly, this week, it's like boom, you have the killing of the head of al-qaeda ayman al-zawahiri, you have pelosi go to taiwan, you had the kansas rejection of these abortion restrictions, you have gas prices falling, you have the chips bill, you have the toxic burn legislation bill, you have the jobs number, over half 1 million jobs in july. this is a major narrative correct there's that is happening in quick succession. does this actually create the type of political momentum heading into the fall, and if you are advising the white house, you say, look, run on this and drop anything about trump at democracy because you have achievements they can use. >> well, yes and no, it depends. this obviously gives them substantive legislative accomplishments to run on which is important. you see poll after poll, the american people, on both s
. >> the first praise for the i.r.a. i have heard.a, i want to pick up on that, we've had i'd say like 14 to 16 months of pretty bad news for biden, the vibes have been a bit off, i would say, but then suddenly, this week, it's like boom, you have the killing of the head of al-qaeda ayman al-zawahiri, you have pelosi go to taiwan, you had the kansas rejection of these abortion restrictions, you have gas prices falling, you have the chips bill, you have the toxic burn legislation bill, you...
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Aug 25, 2022
08/22
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look when you look at the i.r.a. uh it is also that three that $300 billion deficit is going to matter, right? when you think about that 1.7 -- $1.7 trillion by the end of this fiscal year is going to matter as well. and also, here is the thing, when we talk about the pause being lifted that's going to bring into, bring $50 billion per year back into the treasury. right. that was actually not happening throughout almost for two years now. so that's going to be coming back at the same time that uh, that basically uh people are getting these are getting these benefits from this plan. reporter: let me be clear about this though. the previous whether it was the build back better proposals or um, ira or or the infrastructure bills, those were in the words of the administration anyway, fully paid for internally. you're saying that this one because of the benefits that of deficit reduction, you are okay raising or lessening that deficit reduction with this proposal because of the work that has been done in the past, because
look when you look at the i.r.a. uh it is also that three that $300 billion deficit is going to matter, right? when you think about that 1.7 -- $1.7 trillion by the end of this fiscal year is going to matter as well. and also, here is the thing, when we talk about the pause being lifted that's going to bring into, bring $50 billion per year back into the treasury. right. that was actually not happening throughout almost for two years now. so that's going to be coming back at the same time that...
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Aug 18, 2022
08/22
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you mentioned the i.r.a. inflation reduction act. what's in a name is the question. the answers are emerging through the media. just have a sample and listen to this, larry. >> they called it the inflation reduction act as a marketing device. in part to lock down the vote of joe manchin. >> inflation reduction act basically speaks to what everybody is concerned with right now. kitchen table items. this is marketing genius. >> complete marketing tool. that was a title that seemed to work better than build back better. >> bill: i guess the truth had to come out at some point, larry. >> yeah, look. nobody ever believed this stuff. we just saw you got -- 40% -- actually a better poll. the tips poll one of the top three polls. 40% of the people believe that inflation is going to go up, okay? and some tiny number like 15% believe it is actually going to go down. that was a fraudulent claim to begin with. it is not going to work. my favorite thing here is the epa, environmental protection agency, now, kids, has its own bank, okay? aren't you happy to hear that? they have th
you mentioned the i.r.a. inflation reduction act. what's in a name is the question. the answers are emerging through the media. just have a sample and listen to this, larry. >> they called it the inflation reduction act as a marketing device. in part to lock down the vote of joe manchin. >> inflation reduction act basically speaks to what everybody is concerned with right now. kitchen table items. this is marketing genius. >> complete marketing tool. that was a title that...
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Aug 10, 2022
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in other words, i.r.a.e same households won't see one penny increase in their taxes based on proposals in the inflation reduction act. let's just make sure the record is clear on that point. >> dana: there are many other institutions that have said otherwise including the congressional budget office considered nonpartisan. let me ask you this. what people are feeling as a personal reaction to the possibility of the doubling of your chances of being audited. have you ever been audited, sir? >> i have never been audited. i actually have a great record in paying my taex and i suspect most people listen to my voice would say the same thing. >> bill: they have to prove their innocence. >> most people haven't been audited. here is the thing. you shouldn't evade your taxes. there is my public service announcement. it is illegal to evade taxes. >> dana: nobody is advocating that. >> you may well be audited. what is confused in some of this discussion is finally reversing the long-term defunding, which is really in
in other words, i.r.a.e same households won't see one penny increase in their taxes based on proposals in the inflation reduction act. let's just make sure the record is clear on that point. >> dana: there are many other institutions that have said otherwise including the congressional budget office considered nonpartisan. let me ask you this. what people are feeling as a personal reaction to the possibility of the doubling of your chances of being audited. have you ever been audited,...
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Aug 14, 2022
08/22
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so let's hear a little bit more of what the president had to say on friday, after the i.r.a. every republican in congress voted against the bill. every single republican. against lower prescription drug prices, lower health care costs, against a fairer tax system. that is tackling the climate crisis, lower energy costs, and good paying jobs. in the process, by the way, we reduced the deficit, as well. this is a historic moment. the democrats sided with the american people in republican sided with special interests. that is the choice we face. >> and so, then, what does this mean for democrats and republicans going forward? >> well i think the president couldn't have said it better. could not have laid it out more clearly the choice here that american people are going to have in the coming months, which is the division, the democratic vision and the republican vision. what we saw this week's passage of the inflation reduction act which was a passage not only to bring down costs, health care costs, utility costs, energy costs, but it represented breaking the back of the special
so let's hear a little bit more of what the president had to say on friday, after the i.r.a. every republican in congress voted against the bill. every single republican. against lower prescription drug prices, lower health care costs, against a fairer tax system. that is tackling the climate crisis, lower energy costs, and good paying jobs. in the process, by the way, we reduced the deficit, as well. this is a historic moment. the democrats sided with the american people in republican sided...
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Aug 11, 2022
08/22
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and mark, you tweeted about the i.r.a., and specifically, the stocks on buyback, you said this is a terriblemake it 2%, what's your general point here >> i'm all for buybacks, right i think people misunderstand buybacks and people think they're a better tax option than dividends and that's no longer a case if somebody holds a stock prior to 60 days prior to the ex dividend date, it's long term gains. and if you happen to be a shareholder below a significant income level, 75,000 for single household, then it's tax-free. so the tax advantage for buyback advantage doesn't apply to most shareholders i think dividends are a better way of putting money in your shareholders' pockets, particularly, the shareholders that commit to you >> mark, you made sort of a joke on twitter of raising it to 2%, i was a little confused trying to understand was that a joke or not? >> no, no, when i said it was the best of the worst. no one is a fan of more taxes, i think a tax on buybacks is a good idea. you guys misunderstood what my point was. i don't have a problem with buybacks at all. in fact, i think it's a g
and mark, you tweeted about the i.r.a., and specifically, the stocks on buyback, you said this is a terriblemake it 2%, what's your general point here >> i'm all for buybacks, right i think people misunderstand buybacks and people think they're a better tax option than dividends and that's no longer a case if somebody holds a stock prior to 60 days prior to the ex dividend date, it's long term gains. and if you happen to be a shareholder below a significant income level, 75,000 for single...
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Aug 7, 2022
08/22
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. >> yes the bfd of the i.r.a. in the usa.m being jobs in the climate sphere. how much of this will impact job growth, during economic uncertainty? >> yes. i mean obviously, we had a tremendous job growth stretch under president biden, his historic role on unemployment rate, the historic job growth. however, going forward, you want to make sure we create jobs in the future, to make sure our young people see in themselves the ability to address these major societal problems. and obviously, this huge enthusiasm for addressing climate change. so all kinds of jobs, for all kinds of people will be created in the united states. if it is about 1 million jobs a year for the next decade. those jobs will be jobs ranging from everything from people who are putting up our electric grids, people who are installing nuclear power, to people who are installing solar panels, people making the panels to put on their roofs, people making the wind turbines to make sure we generate offshore and onshore wind. there is so much, geothermal, the jobs
. >> yes the bfd of the i.r.a. in the usa.m being jobs in the climate sphere. how much of this will impact job growth, during economic uncertainty? >> yes. i mean obviously, we had a tremendous job growth stretch under president biden, his historic role on unemployment rate, the historic job growth. however, going forward, you want to make sure we create jobs in the future, to make sure our young people see in themselves the ability to address these major societal problems. and...
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Aug 12, 2022
08/22
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to consider a senate amendment to h.r. 5376, inflation reduction act, i.r.a., of 2022. this is a critical piece of legislation that will help reduce the federal deficit and tackle inflation. lower health care and prescription drug costs and address the climate crisis. the inflation reduction act will also help lower energy bills for working families. all while changing the tax code to ensure, to ensure the corporations, you know the ones that can donate politically and be considered as if they were humans? well, if they are able to be able to give money politically, they should be able to also pay their own fair share of taxes. and the filthy rich should also pay their fair share. many families are still struggling to make ends meet with the cost of goods on the rise. forcing many to choose between basic necessities like food and live saving medication to stay healthy. let us not forget that we shut down our economy as a result of massive world pandemic. let us not forget that russia, the bully, has declared war on otheir neighbor. yes, china continues to shut down many
to consider a senate amendment to h.r. 5376, inflation reduction act, i.r.a., of 2022. this is a critical piece of legislation that will help reduce the federal deficit and tackle inflation. lower health care and prescription drug costs and address the climate crisis. the inflation reduction act will also help lower energy bills for working families. all while changing the tax code to ensure, to ensure the corporations, you know the ones that can donate politically and be considered as if they...