Talking about slashing the corporate tax rate to 15% while in the same breath talking about cutting entitlements… Well this is what people voted for I guess
But how many were saved during the Trump Mnuchin brilliant mortgage moratorium during covid. People didn't have to pay their mortgage for one year. Afterwards, if payment couldn't be made mortgage could be amended to change the terms to add one year.
The GOP endlessly whines about spending but wants endless tax cuts. It takes control of the balance of BOTH spending AND taxation to have balanced budgets. With out debt, we need meaningful SURPLUSES in all but very bad economic times. Not that EITHER side will support the discipline to do that. Nor their voters -- on BOTH sides. But then, it's always someone ELSE's fault. Our country is a political insane asylum, with no one competent in charge.
GOP administrations have increased the debt more than Democratic ones over past 50 years. It’s approximately 55/45. Trumps second term will be no different. Maybe the bond market will finally crash but I doubt it.
That's not entirely true though. The GOP is worse than this. They whine about spending until they have power, then they spend like drunken sailors AND push for endless tax cuts. They're a parody to anyone serious about being responsible. Look forward to more of the same with Trump running the show again.
@@nick21614 yes but less than anticipated before the tax cuts. Tax revenue always increase without changes in the tax codes because price and wages will increase over time. Tax revenues were $430 billion lower in 2018 and 2019 than they would have been predicted before the tax cuts. Despite that studies show investments from companies, hiring and the effect on gdp was only marginal. But it rapidly increased debt. The top 20% got 65% of the income tax cuts and 60% of corporate tax cuts went to shareholder while only 15% to workers
Urgh! Tariffs are bad policy. No one in USA wants to work in a freakin factory for minimum wage and long ass hours. Why is this path to prosperity? Would you want this for YOUR kids?
Tariffs are supposed to tip their hand and bully them into creating work in the US and lowering costs. It's just a technique in business like playing chicken. That is what he is trying to do.. bring jobs here and we shouldn't be dependent on procuring for most things outside the US. People will want to work those jobs
The complication is that our imports have been larger than our exports since 1975. A lot of the countries that we trade with have currencies a fraction of the value of the dollar. How are we supposed to get people in those countries to substantially increase their purchases of products and services produced by American businesses using labor on American soil?
@@karmasutra4774Broad tariffs like this will not achieve that result. The last time he did this it cost Americans a fortune because we had to subsidize the farmers and even when it did bring new jobs here it still cost a lot of money to consumers.
@kruandsu looks like sour grapes emotion just died hard in the indian nature characters. Mate, like it or not you are probably going to inherit this unstable emotion from till your future generations to come. As they say.."if you can't beat them, join them", that will give you a good night sleep instead of harbour jealousy.
Even when tariffs help U.S. companies, the price advantage is short-lived because the price gap will get filled by increased profit taking. The customer will suffer in the long run.
Yea just look at the tariff on washing machines. Companies in the US raised their prices to match the imported brands and made more profit. Plus they also increased the price of dryers that weren’t tariffed.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
The strategies are quite rigorous for the regular. They are mostly successfully carried out by pros who have had a great deal of skills/knowledge to pull such trades off.
@@CharliesMcCormicks I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2020, I was having an investing nightmare before touching base with an advisor. In a nutshell, I've accrued over $2m with the help of my advisor from an initial $350k investment.
@@FarukStingl There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’MARGARET MOLLI ALVEY” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
ONE THING AMERICANS FORGET IS WE ISSUE THE GLOBAL RESERVE CURRENCY. THIS MEANS WE AMERICANS ,OR OUR GOVERNMENT PRINTS USELESS PAPER THE DOLLAR 💵 ONLY BLACKED BY TRUST. THE REST OF THE WORLD NEEDS THE DOLLAR FOR GLOBAL TRADE ESPECIALLY ENERGY.THE CHINESE PEOPLE THE PEOPLE GO TO THEIR FACTORIES AND MAKE US THE GOODS WE NEED FOR FREE. WE GIVE THEM OUR USELESS PAPER THE 💵 DOLLAR WHICH THEY THEN USE TO PURCHASE OUR GOVERNMENT DEBT BONDS AND THERE ARE RESTRICTIONS ON WHAT THEY CAN INVEST IN,IN THE U.S..THEY FUND OUR GOVERNMENT..THE CHINESE TOOK THE MONEY THEY MADE FROM TRADE WITH US AND FUND OUR LIFE STYLE..THE ONLY OBLIGATION OF US THE AMERICAN GOVERNMENT IS TO PAY THE CHINESE BACK THE MONEY THEY LOANED US WITH INTEREST. THIS ARRANGEMENT IS THE ONLY REASON FOR OUR ECONOMIC PROSPERITY AND HIGH STANDARD OF LIVING. IF YOU LOOK AT THIS ARRANGEMENT RATIONALLY WHY WILL ANY ONE BE THIS DUMB TO DESTROY SUCH A GREAT DEAL..THIS MY FELLOW AMERICANS IS WHY THE REST OF THE WORLD CAN NOT WRAP THEIR HEADS AROUND OUR ECONOMIC SELF DESTRUCTION.. THIS IS PURE ECONOMIC SELF DESTRUCTION. FOR WHAT ?TO LOOK TOUGH ON CHINA? THIS IS EITHER ECONOMIC IGNORANCE OR LUNACY.
Much of this had to do with an agreement between our government and the Arabian peninsula governments to sell oil only to those customers who had U.S. dollars. That is what the Chinese government wants to break away from. That is the reason given why foreign governments have purchased U.S. Treasury debt to fund our debt. They get paid in U.S, dollars, and have used their dollar reserves to buy oil from the Saudi Arabia and others. It is quite arguable that the $9 trillion or so borrowed from foreign countries ended up being salaries for federal employees. One has to keep following the flow of money. I do not know that we are on a path of economic self destruction. I mean my personal life has imploded financially. But the gross domestic product numbers have shown the economy increasing in size.
Privatizing Social Security could actually be a good thing. Here’s why- as it currently stands, if you contribute for 40 years and then die before reaching retirement, your family/heirs receive nothing. With privatization, beneficiaries could be designated and your account passed to your heirs.
@@richarddamien4654: If you do that, then MUCH more must be collected in SS taxes. Annuities work because of the rules. You can't just completely change that and expect it to work without changing the underlying rules. I'd like to see a compromise. Some basic level guaranteed, and much of it in the market. Long term returns would be better without risking the whole thing to the market. Not that our congress is any good at compromise in recent years.
Naturally, reality, including the fact that Donald Trump DESERVED lots of negative comments re his criminality, lying, incompetence, etc. are the reality. Not to your ilk. Instead, blame all the messengers. Good work. /s
there are usa companies all over china we sell 800 billion a year to the chinese. new taxes and boycotts will cause a lot of pain to our comps like deere, mcd, apple, gm, 8000 in all. cant think of any chinese comps around usa.
In the real world, the Chinese ship a HELL of a lot of goods to the US which are bought by US consumers. Wake up. I'm not saying I'm for higher tariffs -- but basic facts are what they are whether Trump won or not.
Lower interest rates, mean lower payments to the social security trust fund. 15 years of way too low interest rates have robbed the trust fund of billions, promoted wasteful spending in both the private and government sectors, and increased the income divide.
That's nonsense. If inflation is higher, causing higher interest rates, then more is paid out. The income is proportional, over time, to inflation. You can't magically get much higher interest rates than the supply/demand of the interest rate markets. Whining about "robbery" doesn't make it so.
i would love to see him come back as treasury secretary, again. i like that he's thinking longer horizon maybe sitting on the sidelines for four years was a good thing for trump's old team
He's crazy and/or a liar. Trump's deficits were FAR more massive than any others in history to that point. Him claiming they were moving to balance the budget is pure insanity.
@@tvm73827 that is literally impossible in a lot of cases. there are many, many things we don't manufacture and aren't in a position to start to. elon musk literally admitted that the middle class is going to endure hardship under tariffs
US just want to selll agricultue products, but restrict selling high-tech products to China. That is how the trade imbalance arises between the US_China.
Good To See You Mr. Mike And It Has Been A While Since You Brought That Piece Last Time On CNBC. And At One Point , You Were Saying About Buying TikTok. Good To See You Sir. I Have Been Looking For The FED’s Decision Since Last Few Days . Will It. Happen. I Think 💚🇺🇸❤️✅☀️ It Will ☀️. Sincerely❤️❤️❤️.
to get into the Chinese domestic market, you need to be competitive. the US isnt competitive in most sectors. so what are you talking about. look at heavy equipment, cat and deere, not a chance for that is China. what are you going to sell them? cigarettes and what?
I seriously doubt it. You have to get the embassy communications working because we have a lot of illegal Cubans that would require deportation. Also it’s a Communist country.
Many companies in China have set up subsidiaries in other countries, including India and Vietnam. If you put on a tariff on China, companies move operations and still sell to the US, no new manufacturing jobs in US.
Talking about slashing the corporate tax rate to 15% while in the same breath talking about cutting entitlements… Well this is what people voted for I guess
no serious economist is for across the board tariffs. This happens if you choose „experts“ based on who agrees with you instead of quality
tariffs = taxes
free trade > fair trade
How soon we forget that this jacka.. screwed homeowners out of millions in 2008.
But how many were saved during the Trump Mnuchin brilliant mortgage moratorium during covid. People didn't have to pay their mortgage for one year. Afterwards, if payment couldn't be made mortgage could be amended to change the terms to add one year.
@RockawayBeachNY Trump had enough 💩 on him so he had to comply any of Trump's agenda or Munchin thieving a.. would've charged with embezzlement.
The GOP endlessly whines about spending but wants endless tax cuts. It takes control of the balance of BOTH spending AND taxation to have balanced budgets. With out debt, we need meaningful SURPLUSES in all but very bad economic times.
Not that EITHER side will support the discipline to do that. Nor their voters -- on BOTH sides.
But then, it's always someone ELSE's fault. Our country is a political insane asylum, with no one competent in charge.
GOP administrations have increased the debt more than Democratic ones over past 50 years. It’s approximately 55/45. Trumps second term will be no different. Maybe the bond market will finally crash but I doubt it.
That's not entirely true though. The GOP is worse than this. They whine about spending until they have power, then they spend like drunken sailors AND push for endless tax cuts.
They're a parody to anyone serious about being responsible. Look forward to more of the same with Trump running the show again.
Make the rich richer and let everyone else pay for it
They setting yall up to pay they bill lol 😆 😂
If we lower the corporate tax rate the companies will never pass this savings to the customer. The shareholders will be the only ones getting rich
like the last trump tax cuts. Studies show it has only little effect on growth while rapidly increasing the debt and inequality
So every single form of a retirement beside under the mattress?
Millions of Americans are shareholders
@@Felix-op1rw The government took in more revenue after the tax cuts not less
@@nick21614 yes but less than anticipated before the tax cuts. Tax revenue always increase without changes in the tax codes because price and wages will increase over time.
Tax revenues were $430 billion lower in 2018 and 2019 than they would have been predicted before the tax cuts.
Despite that studies show investments from companies, hiring and the effect on gdp was only marginal. But it rapidly increased debt.
The top 20% got 65% of the income tax cuts and 60% of corporate tax cuts went to shareholder while only 15% to workers
Urgh! Tariffs are bad policy. No one in USA wants to work in a freakin factory for minimum wage and long ass hours. Why is this path to prosperity? Would you want this for YOUR kids?
Tariffs are supposed to tip their hand and bully them into creating work in the US and lowering costs. It's just a technique in business like playing chicken. That is what he is trying to do.. bring jobs here and we shouldn't be dependent on procuring for most things outside the US. People will want to work those jobs
No they absolutely trying to squeeze the American consumer. Tariff are another tax added to the cost. More inflation
@@karmasutra4774 I guess you didn’t check out how trump’s first trade war fared.
The complication is that our imports have been larger than our exports since 1975. A lot of the countries that we trade with have currencies a fraction of the value of the dollar. How are we supposed to get people in those countries to substantially increase their purchases of products and services produced by American businesses using labor on American soil?
@@karmasutra4774Broad tariffs like this will not achieve that result. The last time he did this it cost Americans a fortune because we had to subsidize the farmers and even when it did bring new jobs here it still cost a lot of money to consumers.
How is it China market is closed to the US products? Just look at Tesla, Starbucks, and so many others.
just a select few are allowed by CCP
@kruandsu looks like sour grapes emotion just died hard in the indian nature characters. Mate, like it or not you are probably going to inherit this unstable emotion from till your future generations to come. As they say.."if you can't beat them, join them", that will give you a good night sleep instead of harbour jealousy.
They are made in China, these products are not exported to China.
Mnuchin was one of the only wise people Trump had in his administration and sadly he won't be coming back.
Even when tariffs help U.S. companies, the price advantage is short-lived because the price gap will get filled by increased profit taking.
The customer will suffer in the long run.
Yea just look at the tariff on washing machines. Companies in the US raised their prices to match the imported brands and made more profit. Plus they also increased the price of dryers that weren’t tariffed.
They want to lower taxes for corporations in which they know how to loophole paying taxes anyway
Lower the tax helps smaller businesses. Not every company is apple or Microsoft.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
The strategies are quite rigorous for the regular. They are mostly successfully carried out by pros who have had a great deal of skills/knowledge to pull such trades off.
@@CharliesMcCormicks I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2020, I was having an investing nightmare before touching base with an advisor. In a nutshell, I've accrued over $2m with the help of my advisor from an initial $350k investment.
@@KarenDuncan-o5s Please can you leave the information of your investment advisor here? I'm in dire need of one.
@@FarukStingl There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’MARGARET MOLLI ALVEY” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@@KarenDuncan-o5s Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
Tariffs to negotiate a level playing field? I am all for it.
Looks like someone wants to weasel back into the administration…..
We need to pay debt down not add to it
How is the US going to do that with a 2 trillion dollar budget deficit?
just remember Social Security is not an entitlement
Why would anyone listen to a Bot...
ppl pay into social security, no not an entitlement.
U cannot just cut gov spending quickly. This has to be measured and careful.
CNSB going straight to what Trump would on the eve of Presidency Appointment was fast😂
Entitlements? The DOD seems mighty entitled.
Bring on tariffs. Let's bring back upward inflation at Walmart and across America ! 🎉
Why does Joe K always make stupid comments?
Tariffs will be used to compensate farmers for losses due to tariffs. Congrats on the "win".
Lol, wait till China levies tariffs on farm products and taxpayers fork over more money to support farmers.
He need to step down, let younger generations control your dreams.
ONE THING AMERICANS FORGET IS WE ISSUE THE GLOBAL RESERVE CURRENCY. THIS MEANS WE AMERICANS ,OR OUR GOVERNMENT PRINTS USELESS PAPER THE DOLLAR 💵 ONLY BLACKED BY TRUST. THE REST OF THE WORLD NEEDS THE DOLLAR FOR GLOBAL TRADE ESPECIALLY ENERGY.THE CHINESE PEOPLE THE PEOPLE GO TO THEIR FACTORIES AND MAKE US THE GOODS WE NEED FOR FREE. WE GIVE THEM OUR USELESS PAPER THE 💵 DOLLAR WHICH THEY THEN USE TO PURCHASE OUR GOVERNMENT DEBT BONDS AND THERE ARE RESTRICTIONS ON WHAT THEY CAN INVEST IN,IN THE U.S..THEY FUND OUR GOVERNMENT..THE CHINESE TOOK THE MONEY THEY MADE FROM TRADE WITH US AND FUND OUR LIFE STYLE..THE ONLY OBLIGATION OF US THE AMERICAN GOVERNMENT IS TO PAY THE CHINESE BACK THE MONEY THEY LOANED US WITH INTEREST. THIS ARRANGEMENT IS THE ONLY REASON FOR OUR ECONOMIC PROSPERITY AND HIGH STANDARD OF LIVING. IF YOU LOOK AT THIS ARRANGEMENT RATIONALLY WHY WILL ANY ONE BE THIS DUMB TO DESTROY SUCH A GREAT DEAL..THIS MY FELLOW AMERICANS IS WHY THE REST OF THE WORLD CAN NOT WRAP THEIR HEADS AROUND OUR ECONOMIC SELF DESTRUCTION.. THIS IS PURE ECONOMIC SELF DESTRUCTION. FOR WHAT ?TO LOOK TOUGH ON CHINA? THIS IS EITHER ECONOMIC IGNORANCE OR LUNACY.
Much of this had to do with an agreement between our government and the Arabian peninsula governments to sell oil only to those customers who had U.S. dollars. That is what the Chinese government wants to break away from. That is the reason given why foreign governments have purchased U.S. Treasury debt to fund our debt. They get paid in U.S, dollars, and have used their dollar reserves to buy oil from the Saudi Arabia and others. It is quite arguable that the $9 trillion or so borrowed from foreign countries ended up being salaries for federal employees. One has to keep following the flow of money. I do not know that we are on a path of economic self destruction. I mean my personal life has imploded financially. But the gross domestic product numbers have shown the economy increasing in size.
I don't anticipate SS being cut. I think something will be figured out. I just hope it isn't turning it over to Wall St.
I'm 100 percent in US Stocks and will be rewarded handsomely, if SS is investing in the stock market like HSA accounts 😁
Privatizing Social Security could actually be a good thing. Here’s why- as it currently stands, if you contribute for 40 years and then die before reaching retirement, your family/heirs receive nothing. With privatization, beneficiaries could be designated and your account passed to your heirs.
@@richarddamien4654: If you do that, then MUCH more must be collected in SS taxes. Annuities work because of the rules. You can't just completely change that and expect it to work without changing the underlying rules.
I'd like to see a compromise. Some basic level guaranteed, and much of it in the market. Long term returns would be better without risking the whole thing to the market.
Not that our congress is any good at compromise in recent years.
Did America hold up the bretton woods policy.. Why should China hold up trade agreements
Because the amount of curcial importing china does through the strait malaca with an inferior navy
@s1dwyz732 what's strait Malacca got to do with America.. That's 7,000 miles away
Corporate taxes 0% ! Squeeze dem old folks ! They got the money ! 😂
No you voted for them to pay nothing. Enjoy it
I’m just waiting for my 1/2 price utility bill! 😂😂
If there's a tariff on it, it'll be x2
Why must Sorkin be so biased in his positioning? He’s the reason I can’t watch the full broadcast anymore. Too biased to be affective.
He isn’t. He balances out the money-at-all-cost of the guests.
The word is effective. Say what your actual ISSUE is, not just empty whining.
Substitute “Joe” for “Sorkin” in your sentence and you’d be correct.
What a liar!
The only former secretary who served under Trump who never thrashed the president when he left office. Loyal to the core.
that should be a tip off to you....
Naturally, reality, including the fact that Donald Trump DESERVED lots of negative comments re his criminality, lying, incompetence, etc. are the reality. Not to your ilk.
Instead, blame all the messengers.
Good work. /s
3:00 - 3:23 total bs
Mike Pence sends his regards
We finally are talking policy. It’s a start.
China market is not closed. Your pricing is just not competitive and lost the market.
TRUMP MAGA!!!
He said it. Goodbye social security
dumbest post ever
there are usa companies all over china we sell 800 billion a year to the chinese. new taxes and boycotts will cause a lot of pain to our comps like deere, mcd, apple, gm, 8000 in all. cant think of any chinese comps around usa.
In the real world, the Chinese ship a HELL of a lot of goods to the US which are bought by US consumers. Wake up.
I'm not saying I'm for higher tariffs -- but basic facts are what they are whether Trump won or not.
Lower interest rates, mean lower payments to the social security trust fund. 15 years of way too low interest rates have robbed the trust fund of billions, promoted wasteful spending in both the private and government sectors, and increased the income divide.
That's nonsense. If inflation is higher, causing higher interest rates, then more is paid out. The income is proportional, over time, to inflation. You can't magically get much higher interest rates than the supply/demand of the interest rate markets.
Whining about "robbery" doesn't make it so.
Good morning Andrew please keep the president on track with your plan
Don’t cry Sorkin. Don’t cry.😢😜
He asked very well reasoned questions.
i would love to see him come back as treasury secretary, again.
i like that he's thinking longer horizon
maybe sitting on the sidelines for four years was a good thing for trump's old team
He's crazy and/or a liar. Trump's deficits were FAR more massive than any others in history to that point. Him claiming they were moving to balance the budget is pure insanity.
Tariffs are a tax on the consumer !
Not if you stop buying Chinese and start buying American (or Canadian or Mexican)
@@tvm73827Americans don't make anything.
What about the workers?
@@tvm73827 that is literally impossible in a lot of cases. there are many, many things we don't manufacture and aren't in a position to start to. elon musk literally admitted that the middle class is going to endure hardship under tariffs
@@tvm73827 Where can I buy an American made cellphone?
Mnuchin was an outstanding Treas. Sec.
I hope that Trump, the Sequel, puts him back in that cabinet position.
well, he does have a hot wife!
Congratulations president Trump ❤ 😂
🙏🙏
Now get to work reducing minimum wage, get rid of Social Security. Medicare and Medicaid, and the VA as these are Socialism!
@@BrianMeegan-k3e dumbest post ever....
No excuses Republicans.
Exactly. It is bargain tool.
Didn’t work out last time with China. All they did as reduce farm imports and Trump then tripled farm subsidies to placate the angry farmers.
US just want to selll agricultue products, but restrict selling high-tech products to China. That is how the trade imbalance arises between the US_China.
Good To See You Mr. Mike And It Has Been A While Since You Brought That Piece Last Time On CNBC. And At One Point , You Were Saying About Buying TikTok. Good To See You Sir. I Have Been Looking For The FED’s Decision Since Last Few Days . Will It. Happen. I Think 💚🇺🇸❤️✅☀️ It Will ☀️. Sincerely❤️❤️❤️.
KNT 11:55 A.M. Eastern Time 🇺🇸. Sincerely❤❤❤, KNT.
to get into the Chinese domestic market, you need to be competitive. the US isnt competitive in most sectors. so what are you talking about. look at heavy equipment, cat and deere, not a chance for that is China. what are you going to sell them? cigarettes and what?
In the Maga world, the US is the best at everything...
I hope Trump opens up business with Cuba. Great chance while Russia is busy.
I seriously doubt it. You have to get the embassy communications working because we have a lot of illegal Cubans that would require deportation. Also it’s a Communist country.
Congratulations Mr Trump ❤❤❤❤❤
🙏🙏
Trump should say Elon's companies will receive no more government grants.
Clarity would help out a lot.
Boeing in space already is a mess. He's the only one able to reliably provide internet to remote areas. US needs musk more than the other way around.
@@akapbhanWrong.
@@RK-um9tu wow such an interesting point you made there.
@@akapbhanhow much does Starlink cost ?
Many companies in China have set up subsidiaries in other countries, including India and Vietnam. If you put on a tariff on China, companies move operations and still sell to the US, no new manufacturing jobs in US.
They’re going to Mexico
His last action on the way out was disappointing. Perhaps he ought not come back.
US market is completely open to China? How about those self-driving EVs?
Cut social security. It will hurt but it’s for the best
You must be rich! Why are you even commenting here?
Let workers opt out of paying into it.
Level playing field😅😅😅😅😅😅😅😅😅
Trump's plans are pretty good, but I hope he'll focus on individual taxes and making them a flat tax just like corporate taxes are.
Elon musk is a genius in engineering and energy, right Andrew