Tax Hike with Carlyle’s David Rubenstein; Epic App Battle; Game, Set, Match

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 13 September 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

House Democrats outlined a bevy of tax hikes on corporations and wealthy people to fund an investment in the social safety net and climate policy that could reach $3.5 trillion. CNBC’s Robert Frank reports on the possible impact for high-earners and considers possible timeline for implementation, and Carlyle Group co-founder David Rubenstein says there is “no doubt we will have a tax increase” by the end of the year. Rubenstein weighs in on China’s regulatory crackdown and global risks to the market. The TSA will double the fine for passengers who refuse to comply with the federal mask mandate for air travel. Sara Nelson, international president for the Association of Flight Attendants, discusses her colleagues’ support for passenger vaccination mandates. A federal judge has ruled Apple can’t force developers to use in-app purchases, the latest development in Apple’s battle with Epic Games. Plus, U.S. Open Champion Daniil Medvedev defeated #1-ranked Novak Djokovic, and vaccines may be on the horizon for kids ages 5-11.

Transcript

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0:00.0	Bring in show music please.
0:02.6	This is Squawk Pod.
0:06.0	I'm the NBC producer Katie Kramer.
0:07.8	Today on our podcast,
0:09.8	Democrats outline a tax hike for the wealthy,
0:12.6	the when and how much, still unknown.
0:15.0	David Rubinstein, the Carlisle Group co-founder.
0:17.7	The only thing that is certain, in my view,
0:19.9	as Benjamin Franklin said, is death in taxes. There will be no doubt that before
0:23.7	Congress leaves this year there will be a tax increase of some amount.
0:27.4	And up in the air, it's time for airlines to land on vaccine mandates for travelers,
0:33.4	says President of the Flight Attendants Association, Sarah Nelson.
0:36.5	Everyone has got to be vaccinated,
0:38.6	and that's the only way that we're going to end this pandemic.
0:41.1	That's the only way we're going to get back to the freedoms that we enjoyed before it started, and it's got to happen.
0:46.0	Those stories, plus, it's an app battle, Apple's epic saga, and...
0:53.0	Number two, defeats number one.
0:55.0	Dan Al Medvedez match against Novak Jokovich.
0:58.0	So he's the second greatest tennis player in the world.
1:01.0	It's Monday, September 13th, 2021. Squack Pod begins right now.
1:07.0	Stand Becky by in three, two, one, fuel brief.
1:11.0	Good morning everybody. Welcome to squawk box here on
	...

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