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Art laffer said 15, but i think its going to be 20. the point on the corporate side is so that businesses reinvest money back into the economy, capital investment to create jobs and raise wages. thats your real benefit for the middle class. those are the two things theyre going to try to do. now, theyre operating within certain senate rules on how much money they can afford to lose over a ten-year period. and a lot of this horse trading like the millionaires tax and so forth is intended to try t...

Might fall in a swimming pool here or get hit by a car, but hes actually kind of getting where he wants -- david: oh, he sure is. >> and if he gets tax reform, i think the whole debate changes because its not just the political achievement, its a way to reverse the economic decline under obama. david: kim, quickly, let me just ask we talked about substance of issues will the republican party look different at the end of four years of a donald trump administration? >> well, how does it not? [laug...

Put an 80% tax rate on the highest earners, and democrats would still make that claim. david: yeah. >> what they ought to be doing and letting guide their decision is what is best for the economy. and, i mean, theyre also dealing within the complicated parameters that, as dan said, they do need to find some way of paying for the other bad policy like the childcare tax credit. theyd be wiser off getting rid of some of those giveaways, lowering rates for everybody, and then as dan said, making sur...

President ronald reagan. allart, good to see you. >> good to see you, david. david: why not just clean, across-the-board tax cuts? >> thats what they should do, but congress -- its all these different views and everything, and everyone wants to get their little piece in, so it really becomes a complicated mess. but youre right, we should have one simple tax, corporate tax rate from 35% to 15%, get rid of everything else, pass that. then go to these other items. a lot of those are good as well, b...

You know, in terms of policies, by the way, and policy differences not to mention his style, president trumps style. jeff flake, when he was on the floor, mentioned two issues in particular, immigration and trade, on which he vastly differs with the president and where trumps positions are a lot more populist than traditional republicans like flake. i think the question that has to be asked of guys like jeff flake though is in light of the influence of president trump now exercising on the party...

Really meets the road in treating people because some people reject treatment. a lot of addicts reject treatment, or they go in for a little period of time, and then they drop out. now, theres a way to do things. theres a way some of the drug courts, for example, will expunge your record if you complete rehabilitation and they have different steps, but as she points out, if this is going to be successful, were going to have to address the issue of sort of benign paternalism and coercive treatmen...

♪ ♪ david: well, just as president trump gets set to kick off his first trip to asia, chinese communist party this week affirmed president xi jinpings status as the most powerful ruler since mao tse-tung, handing him even greater control over the worlds second largest economy and setting the stage for him to dominate politics in that country for decades to come. in a tweet late wednesday, president trump said he called xi to congratulate him on his, quote, extraordinary elevation. the two me...

Hes done a lot on the deregulatory front. hes right that he has accomplished a fair number of things. his approval rating should not be -- and i think it is almost entirely attributed to these tweet storm fights with people like senator corker. it is a complete distraction, david. david: bill, what will the republican party look like at the end of the trump administration or at least the first four years? will he succeed? because, clearly, hes trying to shake things up inside the beltway. >> rig...

Are still not exactly known. are we adding more to the tax code instead of subtractingsome. >> i dont think so. i dont think thats going to happen. theres no taste, i dont think, no appetite for raising the highest rate. it makes no sense east, i mean, you cant hate job creators and love jobs. and if you want middle class prosperity, youve got to make the employers happy to hire these people, to give them jobs that they otherwise wouldnt have had, to raise the wages that we all want for the midd...