host: josh bivens, not a fan of that tax law. part of it reduces the corporate tax rate from 35% to 21%. what have we seen at the impact of that? guest: you have seen a big increase in after-tax probability -- profitability of corporations. some of that has been given to shareholders in the form of higher dividends or a capital gain because of a stock buyback. that is a set of benefits that accrue through the top. the top 1% owns four deep -- owns 40%. that is not a broad-based income increase. i think the tax cuts they hope eventually that lower corporate forrate does filter down more tangible investment and increase productivity. the evidence is weak. if you look at when the tax-cut was passed, you see no change at all the trend of private investment. they always say it might take more time and it has not happened yet. i think even over time i am dubious it will happen because we have had record high after-tax corporate profitability before the tax-cut but investment was sluggish. that says to me that that was not the thing hol

host: josh bivens, not a fan of that tax law.of it reduces the corporate tax rate from 35% to 21%. what have we seen at the impact of that? guest: you have seen a big increase in after-tax probability -- profitability of corporations. some of that has been given to shareholders in the form of higher dividends or a capital gain because of a stock buyback. that is a set of benefits that accrue through the top. the top 1% owns four deep -- owns 40%. that is not a broad-based income increase. i think the tax cuts they hope eventually that lower corporate forrate does filter down more tangible investment and increase productivity. the evidence is weak. if you look at when the tax-cut was passed, you see no change at all the trend of private investment. they always say it might take more time and it has not happened yet. i think even over time i am dubious it will happen because we have had record high after-tax corporate profitability before the tax-cut but investment was sluggish. that says to me that that was not the thing holding b

guests include pays set of the national taxpayers union, and also josh bivens, who is from the economicolicy institute. we will also talk with jason fichtner of the bipartisan policy center. so pretty much a full program tomorrow on tax a on the impacts of the tax law and in general how you are doing with ilan your taxes this year and what can be done to improve the system. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2019] host: ♪ >> next on newsmakers, senator joe mansion of west virginia discusses attorney general william barr's testimony to a senate subcommittee this week on the mila report. afterwards, we will hear william barr talk about the robert mueller report and the budget request for the popping of justice. later, watch the agricultural secretary sonny perdue breakdown 2020 budget for the department of agriculture. is alivernoon, c-span in south bend, indiana for a presidential announcement. had finally had enough. they were out of th