one, the border adjustment tax is out. championed by speaker ryan. the adjustment tax changes the way we tax u.s. imports and exports. it gives tax breaks to companies that export and strips away breaks from those that import. it has two goals one to encourage manufacturing in the u.s. the companies that rely on imports like retailers hated it. they warn it would jack up consumer prices, and americans, by the way, love their cheap goods. second, it raises tax revenue. the current plan has $1.2 trillion of cuts. and without the border adjustment tax, it s not clear what will pay for it. the administration says it will pay for itself. reformers say it will spur economic growth. many are skeptical, expecting slower, 1.8% growth. some dysfunction at the white house on steroids. while communications director scaramucci was blasting leaks coming out of the white house, it turns out scaramucci himself was leaking. in a profanity-laced tirade to
maria: so they ll find that trillion dollars that would have been raised from the border adjustment tax, they ll find it somewhere else if they are they could. maria: if they are deficit-neutral. they could. maria: mr. speaker, thanks so much for joining us. the battle over health care reform heats up with gop lawmakers pushing for a senate vote by the end of the month. our panel is next on deck as we look ahead right now on sunday morning futures. at angie s list, we believe
past the 60 vote vote cloture. there is no need to change the senate rules. the rules allow for us to do what we need to do with 51. clayton: wall street journal had a damning piece on the front corn cover, tax reform on life support to. try to come together one of the biggest sticking points border adjustment tax. the house wants it. senate doesn t want it. how do you reconcile those two things. the white house doesn t want it. a number of us in the senate have real concerns with the border adjustment tax. i think that part of it is dead. i don t think that part can move forward. i do think tax reform as a whole can make it despite the doomsday predictions by people at the wall street journal and elsewhere, i think this can still happen. doesn t mean it can be easy but i think we can make it happen. ainsley: we have one of the highest tax rates. we are 35%. president trump wants to lower that to 15% e which is what china is. is that doable? i think it s doable. i just think we
that says we should do nothing. and ryan, what do you think is the most likely bill that donald trump could get passed if he signs it? a simple tax code, unless they get this health care done they don t have the money they wanted from repealing obamacare. and paul ryan is not on board for the adjustment tax, that was going to raise like a trillion dollars, if they don t have any of those pay-fors, it s going to be much harder to pass. thank you panel, very much for being here. and coming up, how might donald trump benefit from his tax proposals? we do have an idea. it could mean big savings for the billionaire. that story next.
than once. they re always supposed to pay for themselves and they never quite do, and the hard part is who are you going to get to pay for the tax cuts and that seems to be the great mystery of the day. as you know, ways and means chairman brady and paul ryan proposed taxing imports at the border as a way to pay for tax reform, but mr. trump and his advisers don t seem likely to go in that direction. it looks like the border adjustment tax is dead. dead. so, jonathan, one way you can pay for this stuff is if the economy grows gangbusters year on year for a long time and it s not like this hasn t happened before. it s happened under reagan and it happened after the tax cuts and the economy is different now and you have a much, much bigger national debt and mnuchin promised at least 3% annual growth. can it happen? look, we don t just have to have theoretical conjectures