White House, Congress, Interest Rates discussed on C-SPAN

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Of capital and the level of taxation and investment spending now would indicate a fifteen percent decrease in in the tax rate would give us a ten to fifteen percent increase in investment now i worked with his original number of 20 percent h once he percent increase in investment spending and still only come up with on the most generous assumptions i could make on my spreadsheet seven hundred fifty billion dollars the basic argument is correct the numbers coming out of the white house have been rebuked by just about every conservative economist in the country would just wanna know one thing on i'm going to be working selfrule peters numbers of the point that i believe the administration is refusing to recognize and and the advocates of a bill in the in the congress it is the user cost of capital of it is the issue the user cost of capital is more sensitive to interest rates than it is to tax rates nayef you talk the package that is being discussed in the congress and owning deficitneutral basis made the changes that are being advocated with respect to taxes would reduce the use of cost of capital but one point five trillion dollar addition to the debt in the first round is likely to increase interest rates to the extent that user cost of capital does not decline and in fact most likely will increase so we may actually get less investment rather than war out of this back we're talking the economy joseph minarik in peter marie see our thanksgiving tradition with us last year and back again this year so we appreciate that will get your phone calls henry is joining us thank you for waiting from new york city democrats line yuan jumped on the morning that beacon you'll be gonna montalban com temperament compact doina i took to you john two years ago basically have a role in which the capital city and the month when would with my friend than hub of ho hum crowds do the shopping the river more couldn't believe my aunt cars shopped the.

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