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The Gist

Tax Bill Ballyhoo

The Gist

Peach Fish Productions

News, Daily News

4.53.7K Ratings

🗓️ 22 December 2017

⏱️ 27 minutes

🧾️ Download transcript

Summary

On The Gist, why the Republican tax overhaul is unlikely to spur hiring. Michael Carpenter explains what we lose when the Trump administration doesn't try to put the heat on Russia. Carpenter is a former deputy assistant secretary of defense and foreign policy adviser to former Vice President Joe Biden. He and Biden are the co-authors of the Foreign Affairs article, "How to Stand Up to the Kremlin." In the Spiel, robots take over.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

The following podcast contains a bit of explicit material,

0:04.8

but much, much more that is not explicit, just as a percentage.

0:09.3

["Fantastic Guitar Song"]

0:13.6

It's Thursday, December 21, from slate, it's the gist I'm like, pesca.

0:18.4

Donald Trump, at a ceremony celebrating himself, well...

0:21.7

celebrating the tax bill, but that was more subtaxed.

0:25.3

It was kind of a celebration of self.

0:28.0

Said this about the tax bill, which was the greatest piece of legislation

0:32.2

that he got Congress to pass, to further bolster his historic legacy.

0:36.2

And by the way, I mentioned AT&T, but many companies have come forward

0:39.5

and saying they're so happy and they're going to be doing similar announcements.

0:42.8

We're going to see something that's going to be very special.

0:44.9

We're bringing the entrepreneur back into this country.

0:47.8

We're getting rid of all the knots and all the ties, and we're going to...

0:51.0

You're going to see. You're going to see what happens.

0:52.9

And ultimately, what does it mean?

0:54.6

It means jobs. Jobs, jobs, jobs.

0:57.9

But that's not how it works.

0:59.7

Not how it works, works, works.

1:02.4

The economists thinks that jobs are created when companies get more money.

1:06.6

Jobs are created when companies see a demand for their products or services,

1:10.8

and have to put out more product and services at a price that exceeds the cost of capital and labor.

...

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