Surveillance: White House Would Love to Get Rid of the AMT Rate, Cohn Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 8 December 2017
⏱️ 39 minutes
🧾️ Download transcript
Summary
Willem Buiter, Citigroup Global Chief Economist, says he would not give the GOP tax package particularly high marks. Alan Krueger, Princeton University Economics Professor, says the opioid crisis is a result of American medical practices and the government can do more to aid it. James Glassman, JPMorgan Chase Commercial Banking Head Economist, says if the U.S. stays at full employment, we'll hopefully see more wealth spread to rural economies.Bill Gross, Janus Henderson Fund Manager, reacts to the jobs numbers and says there are a number of structural forces that keep wages down. Gary Cohn, National Council of Economic Advisors Director, says that infrastructure reform is next after they get the tax bill passed.
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best in economics, finance, investment, |
| 0:48.0 | and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:58.6 | Professor Bowder with us right now, Villam Bowder of Citigroup, and of course our chief economist, Villam, uh... Billum, |
| 1:04.0 | of Citigroup, and of course, our chief economist, Villum, the emotion of last week of all sorts of people saying, |
| 1:08.4 | this is tax legislation for the donor class. |
| 1:10.9 | Martin Feldstein of Harvard really pushed back against that. |
| 1:14.0 | He feels there's some real benefits to what's been proposed. |
| 1:17.7 | So far, do you study or is it in the textbooks, this idea of trickle down economics? |
| 1:25.3 | Is it a valid economic thing that it's going to trickle down and create jobs for America? |
| 1:32.0 | Well, there are tax measures, especially corporate tax measures that if |
| 1:38.8 | properly implemented would boost capital expenditure and so boost jobs and real wages. |
| 1:45.0 | Unfortunately, this particular set of actions, the cut and the corporate tax, |
... |
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