one, they re worried about the primary. two they re obama could have cut the business tax rate to become internationally competitive any of the eight years. he never even made an effort to do so. the modern democratic party has opposed any changes in the tax code that aren t increases in taxes. i would love to have that change. i remember in 1981 and 1986 there were democrat votes. many democrat votes in the senate for those massive tax rate reductions in both cases for all americans. bill: the point mcconnell was making there. it s a different party. shannon: will the democrats help them get taxes bill: obamacare premiums on the rise yet again.
to his leaked tax returns. that was 80% of the taxes he paid that year. also, the new business tax rate would have saved trump $27 million in 2005. so, a big reversal. the president saying in that cbs interview he could release his taxes. i think most are you optimistic? no. most observers think absolutely not. say there s no up side for him. don t hold your breath, folks. another shake-up in president trump s national security team. sebastian gorka is on his way out. administration officials tell cnn the controversial deputy assistant to the president has been generating too much controversy. he s been linked to far right extremists and is a former national security editor for breitbart. gorka has been serving on the national security council. his expected departure follows the firing of former national security adviser michael flynn and the removal of steve bannon from the nsc s principals committee. current deputy national security adviser k.t. mcfarland also reportedly
few items could save the president tens of millions of dollars on his own personal taxes. for example, if the administration repeals the alternative minimum tax, which prevents the wealthiest americans from paying no taxes. the president would have saved $31 million in 2005. that s according to those leaked tax returns. that was 80% of the taxes he paid that year. also, the new business tax rate would have saved trump $27 million in 2005. so, when the president says it s pretty routine to release them, he s right. he s the first president in 40 years who has decided that he somehow is above the conventional practice of releasing them. but again, he says his taxes could go up under his tax reform bill. it s hard to how do you know that? find that. well, it s hard to figure out a way they could. we re talking about over $30 million of savings based on the one year we have seen. hard to tell where the story goes. highly trained american troops beginning patrols along syria s b
michael, is as you know we have the highest business tax rates in the world. it just puts america in an uncompetitive position. we have a higher business tax rate than sweden, than france, than russia. socialist countries have lower tax rates than we do. it puts american in an uncompetitive position, it sucked jobs out of the united states when our businesses moved to places like dublin, ireland, where the tax rate is only 12.5%. we believe and i love austin s response to this that if you get those rates down by the way, president obama proposed a reduction as you recall, austin, in the business tax rate, it didn t happen unfortunately, but you get those rates down i think that sucking sound is going to be, michael, those jobs and businesses coming back to america and that s what it s really all about. austin, you can respond, but i want you to talk about in addition to what steven just raised is it only about tax policy? it seems to me there are many more intangibles that govern w
f. kennedy and sewed you can t do that, joe your father is going to get massive bempts, the aim is to have more prosperity. one other quick thing. i looked these numbers up last night. yeah. the congressional budget office, which i think austin would agree is an honest out rider here, they say that the benefits from cutting the business tax rate, 70% of those blefts flow to workers, not people like donald trump. let me just ask you, austin, first about the point that steve is making there. do you think it matters what trump pays? is that not relevant? look, i do think it does it matter if he gets a tax break, too? i think it matters and i think it matters, the american people in the polls say it matters, because they care whether they want to know what the motivations are of their political leaders. if you don t think that it matters for people s personal