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Involved in the mid-terms a and do campaigning for republican candidates. so were going to our political guru. should republicans be concerned considering the presidents approval rating is low? >> the most important thing the republicans can do is govern effectively. if we have a year like we did this year and we pass welfare reform and pass a infrastructure bill, well be in a good spot going to the 2018 election. to my fellow republicans that like to worry, i think of my mothers comment. she wo...

It will be a lot of middle class people. the amounts may be vastly less than they envisioned. there will be some wealthy peek who spectacularly gain in this. to some extent this is baked in. people to large degree have decided this is in fact, because it is, a boon to the wealthy. as far as the fbi thing goes, i think it is absolutely disgraceful and more disgraceful for members of congress to remain silent. its disgraceful for the attorney general to remain silent and where is our present head ...

And ned price is a former special assistant to president obama and an msnbc contributor. i want you to go through the importance of the committee. it is the judiciary committee. i remember going back to peter radino bringing down his moderate democrat, big city democrat, bringing down nixon. it happens that way. theyre the tools of impeachment, that committee. >> it does. obviously, it would be a big boon in their favor if they actually had the majority in the next congress. >> they can do that....

Really rich and hide that money and blue state will be punished. >> absolutely. to put up for 2027 when the normal people tax cuts expire and the change in the after tax income for everybody making less than $75,000 a year, the income is going to go down while look at the rich. just keep on gaining. you know, david, the way that the republicans have been selling this bill is that theyre saying look at the companies now giving largest to the little guy. boeing, fifth third bank and wells fargo gi...

To put up for 2027 when the normal people tax cuts expire and the change in the after tax income for everybody making less than $75,000 a year, the income is going to go down while look at the rich. just keep on gaining. you know, david, the way that the republicans have been selling this bill is that theyre saying look at the companies now giving largest to the little guy. boeing, fifth third bank and wells fargo giving bonuses or increase minimum wage as a result of this bill. is that the wond...

Where hed reach the gop primary, the general election and pass the largest tax cut in a generation. >> and won with provisions that at -- on the surface of it, knowing what he supposedly makes his money from, real estate, and where the giant carve-outs and giveaways are in the tax code. without even having his taxes, its almost unimaginable this is not a huge boon to him. someone says last night, john harwood, said either the president is a lot poorer than he claims or he has really bad accounta...

Done. special procedures, partisan politics. well, that was reconciliation on democratic votes. this is reconciliation on republican votes. >> i would just say that you -- the point you made that was more accurate in regards to this is this is tied to donald trump. polling is absolutely -- if you like donald trump you like this bill if you dont -- >> let me put your piece up. this is your headline. for better or worse, the gop is passing a tax bill linked to how people feel about trump. the pres...

Making work pay tax cut part of the recovery act in 2009, where the withholdings got changed and people took home more money. in fact, compare apples to apples that tux cut of 2009 to this one in 2018, bottom three quintiles, 0% to 60% got bigger cuts than this bim. changes subtle enough people didnt run around, great, tax cut. the bush tax cut, 2001, 2003, literally came way check and note from the treasury, next to the check that said, you are getting this check because george w. bush signed i...

Territorial tax system. a new way to gain the pass-through rate. a huge boon to tax experts, accountant lawyers, people that advise wealthy people. a new ticket of rules to work there. >> shepard: losers. homers in california massachusetts, new jersey and new york. theyre going to pay more. >> yeah. you cut deduct the full local and state taxes. you have to pick between that and the property taxes. the mortgage interest has gone down. people will hurt in the blue states. >> shepard: at the botto...

This week as the dow jones industrial average closed at a record high in new york while the take heavy nasdaq composite index briefly broke the seven thousand mark for the very first time in its history markets in asia and in europe also end of the day mostly positive territory president ots trump is expected to sign the tax bill before christmas the bill would permanently slash corporate tax rates and is widely seen as a boon for businesses and well see americans. u.s. president donald trump se...