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The deficit. and so what are you going to do? youre going to cut medicaid, which is also in the budget proposal before the senate and did pass the house. a $1 trillion reduction in medicaid? no, the american public is going to say whoa, whoa, whoa, wait a minute. this is terrible policy. oh, did i mention that under the proposal, the outline that weve seen thus far, 80% of that $2.5 to $5 trillion reduction in taxes goes to the top 1% of american taxpayers. >> congressman, i assume there are som...

It, but still the true fact remains is, they still dont know how to get there yet. >> yep, big problem for them. sunl sunlen serfaty reporting for us. congressman, you heard the president say today that democrats have terrible policy, theyre bad politicians but they are good at one thing, obstruction. where do you think democrats potentially can work together with president trump? s? >> im going to start in a slightly different place. the reason the repeal and then replace didnt go anywhere an...

Enhancements of about $4 trillion in order to meet the difference. so that means that the overall joy of having 5.5 trillion in tax decreases is going to be slowed down a little bit with the fact that we will see a revenue increase, which means some changes in deductions and so forth totalling $4 trillion for a $1.5 net loss in terms of revenue. thats whats within the budget. thats why some members have expressed concern with the pain that goes with the $4 trillion and revenue enhancements will ...

Own. look, i really believe we can do it. im confident that well work it through. the real issue here is we have to grow this economy. in order to grow the economy, you have to give enough tax revenue back to businesses to where they can reinvest it. we have to repatriate the dollars overseas. theres 2.6, 2.7 trillion that if it comes back in would generate in excess of $2.5, 2.7 billion over a -- $260 billable -- billion over the first couple years. >> and you think this could be voted on, appr...

This tax cut, which could be, you said, i dont know what you said, $4 to $7 trillion, you said maybe, is all going to be offset and paid for? >> i think we have to do offsets. my numbers show me that -- and i dont know what the presidents going to say, but my numbers show me this is $4.5 to $5 trillion. i know what i think. the budget resolution is going to show. theres going to be a gap. and were going to have to do offsets. now, will it -- will it be a wash? no. and by the way, i have never sa...

And human services. there is budget for the border wall. $1.5 billi construction this year. 2.6 billion earmarked for 2018. and then there is those cuts in the state department as well as e.p.a. and the department of health and human services. by the way, 3200 people at the e.p.a. may lose their jobs. the omb director mick mulvaney told us yesterday basically what he did was go through all the presidents speeches and put together a budget that reflects all of the budget priorities that the presi...

Unhappy because were restricting the flow of cash. we have sanctions but theyre not as tough as they could be. the sanctions that are important arent the ones on north korea, theyre the ones on north koreas enabler. the one thing thats not been tried, the only approach that hasnt been tried over the course of decades. im not saying -- im not guaranteeing its going to work. im saying sf we pursue old policies, we know were going to fail. we should try to think about new strategies and do somethin...

Still a big surprise to a lot of folks that he actually tapped her to run, to be the ambassador to the united nations. hans nichols, thank you for that. nbcs kelly odonnell covering billionaire wilbur ross confirmation for secretary of dmers. kelly o., democrats very curious today about ross plan to divest versus that of president-elect trumps plan. tell us more. >> well, in part, this hearing for commerce nominee wilbur ross was delayed because he was still working with the office of government...

If you look at where we are now, the u.s. economy is not doing that badly compared to other developed economies out there. but the fact is china has caught up dramatically in terms of overall economic power. i think the bigger concern is that u.s. values genuinely seem to be on retreat as a result of both overreach in the cases of iraq and perhaps libya as well as, i believe, richard said before the break reticent by the obama administration to promote them. were going to see less american value...

Calm her down. >> in any event, the defense said, eric never said on tape that he hit peggy. the only person who heard him say that was tina. a drug user. a woman with a fraud conviction on her record. >> without that statement, they have a lot of circumstantial evidence and a lot of what ifs, but they dont have anything that makes this a homicide. >> the defense offered another theory about peggy bechler. >> she was under a great deal of pressure and could easily be distracted. and in combinati...