Buybacks & Billionaires with Sen. Elizabeth Warren 3/29/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 29 March 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Joe Biden’s $5.8 trillion 2023 federal budget proposes tax hikes on the ultra-wealthy and new rules on corporate buybacks. Senator Elizabeth Warren (D-MA) makes the case for reforms to executive pay and for a minimum income tax for billionaires. Meanwhile, CNBC’s Ylan Mui says Republicans on Capitol Hill are pronouncing Biden’s budget dead on arrival. Plus, Dairy Queen is expanding its burger offerings with the new Stackburger line - the biggest menu expansion in two decades. In this episode: Senator Elizabeth Warren, @SenWarren Ylan Mui, @ylanmui Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C NBC producer Katie Kramer.
0:07.0	Today on Squawk Pod, the President's nearly six trillion dollar budget proposal.
0:12.0	Senator Elizabeth Warren explains the part of the plan just for billionaires.
0:16.8	What this is really about is whether or not people who are making their income by the appreciation of stocks or other investments
0:27.5	should have to pay something to make this country run.
0:31.4	Me?
0:32.2	I still support a wealth tax across the board that is a different thing and
0:37.2	things get interesting why not celebrate the 11 billion that he's paying it's more
0:41.0	than than than every senator and everyone in
0:44.7	public government for their entire career. Do you want me to
0:47.0	contribute that much? Do you want to get me a chance to answer? I
0:50.3	celebrate success. How many times do I have to say that? He's not a free
0:54.7	Can I finish my sentence? Plus backing up those buybacks, whether stock repurches
1:00.9	are just part of the market game.
1:02.8	I don't immediately assume that all CEOs are robber barons and trying to game the system.
1:07.8	And we've got a sweet treat for you.
1:10.0	I haven't been to a dirt clean quite some time. It's Tuesday, March 29, 2022.
1:15.0	Squawk Pod begins right now.
1:18.0	Today on our podcast, we're focusing on President Biden's 5.8 trillion dollar
1:27.4	budget proposal released by the White House yesterday.
1:30.3	Well good afternoon folks.
	...

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