Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Bye Bye Tax Breaks For Working Class
Posted
December 25, 2017
Views
107,516
Likes
2,640
Comments
847
Engagement
3.24%
December 25, 2017
107,516
2,640
847
3.24%
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5:49Now PlayingHow will the new GOP tax bill change your life? Cenk Uygur and John Iadarola, hosts of The Young Turks, discuss. Tell us what you think in the comment section below.
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"Rep. Kevin Brady (R., Texas) and the hosts of "Morning Joe" got into a heated discussion Tuesday about the Republican tax reform bill and the carried interest loophole, with Brady accusing the hosts of obsessing over the measure.
Republicans appear set to pass the Tax Cuts and Jobs Act and get it to President Donald Trump's desk this week for one of their most significant legislative accomplishments. It has no Democratic support however, with opponents casting it as debt-exploding legislation that benefits the rich.
Brady, the chairman of the House Ways and Means Committee, was pressed by host Willie Geist about the continuation of the carried interest loophole, which Trump criticized on the campaign trail as allowing hedge fund managers to get away "with murder."
Brady extended the holding period on the carried interest loophole to make it less profitable to exercise, which he's previously said effectively closed it. However, Geist said the truth was hedge fund managers and private equity hold assets for longer than that.”*
Hosts: Cenk Uygur, John Iadarola
Cast: Cenk Uygur, John Iadarola
***
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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