Cable News Clips

1:57
>> WATCH THOSE SCENES.
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>> OUT OF VENICE.
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>> ANTONIO, I'M REMINDED OF ONE.
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>> ASTONISHING FACT.
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>> WHICH IS THAT THE 400 RICHEST
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AMERICANS TODAY. HAVE AN.
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>> EFFECTIVE TAX RATE.
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>> THAT IS. HALF OF WHAT IT WAS
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FOR THEM 50 YEARS AGO, WHILE FOR
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THE BOTTOM 90% OF AMERICANS,
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THEIR TAX RATES HAVEN'T.
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>> BUDGED OR IN.
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>> FACT.
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>> HAVE GONE UP A LITTLE BIT.
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TAKE THE CASE OF JEFF BEZOS. I
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MEAN, IN HIS CASE, AND THERE ARE
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MANY LIKE HIM.
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>> IF YOU.
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>> HAVE THE BENEFIT OF TAX
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ADVICE OR OF LAWYERS WHO CAN
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HELP YOU DO THIS, YOU CAN
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ACTUALLY ENGINEER YOUR FINANCES
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TO THE POINT THAT WHEN HE
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ALREADY HAD $18 BILLION,
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ACCORDING TO PROPUBLICA, HE PAID
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SO LITTLE IN INCOME THAT HE
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RECEIVED SO LITTLE IN INCOME, HE
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PAID SO LITTLE IN TAX THAT HE
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ACTUALLY QUALIFIED FOR.
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>> A CHILD.
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>> TAX CREDIT. THAT'S A SYSTEM
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THAT DOESN'T MAKE SENSE.