Deficit Implications News Today

Regulations and if we pass an infrastructure bill and if we do all these other things, heres how the growth model might work. but the congress that exists right now cant promise theyll be able to do those things next year or if a future congress after 2018, which may look very different, will feel the same way. so, hes right in that sense. the deficit implications of this, were just not going to know for a while. >> president trump last hour already talking about how well these tax cuts will do....

Effectively taking numbers and names of those who break with the u.s. at a time when the united states president trump has said is funding a lot of the efforts abroad. make no mistake, andrea, the focus right now is on this historic tax cut that is going to happen, that is passing soon on the house floor, we anticipate. and that the senate passed overnight. this is the presidents first major legislative victory and he is going to take a victory lap at the white house here later today with all of...

At the same time, andrea. >> i want to break down the deficit implications with maya in a seconds. but i wanted to fact check mitch mcconnell saying there had been tons of hearings on this. i cannot recall a single finance committee hearing on this bill. >> no, i mean, they will point to the senate markup of this bill saying that this was -- that is sort of the process for this particular bill. and the fact that largely, this is sort of a bill gobbled together of some fairly standard republican ...

And senator are working to refine this bill. ultimately, republican leadership feels pretty good of their chances of at least bringing this to the floor where they can essentially dare their own members to stand up and block what has been an enormous priority for republicans, especially since health care failed. >> which senators are you watching closest? >> reporter: im watching bob corker, jeff flake, these are guys who were concerned about the deficit implications of this bill. theyve been wo...

Meanwhile, theres really big issues. tax cuts and here youve got wavering republicans. my own sense is that we should keep an eye on the deficit hawks. there are more of those and theyre in both parties potentially. and there are more deficit implications the more and more we learn about this bill. >> theyre also the deficit hawks are the people who made the most declarative statements. this is very different from health care. when we had health care, people drew red lines, i will not vote for t...

Get to yes. the senator from maine susan collins said she is concerned about the bill. shes also worth watching. then there are a half dozen or so wild cards. youve got the retiring senators jeff cork -- or excuse me, bob corker and jeff flake who is concerned about the deficit implications. lisa murkowski told me she hadnt focused on this yet. so its no sure thing yet. republicans at least right now are feeling pretty good about this bill. >> well, bob corker is saying stop running a victory la...

And that is going to be measurable over time. going to be a means by which the dynamics scores, status scoring answers that question. since its on the mind of some are your undecided republican senators, is this administration willing to commit to a review five years in to see if the growth models are upheld along your lines and deficit implications arent as large. if they arent, re-assess the tax cuts in order not to blow a hole in the deficit? >> i havent discussed with the president, i dont t...

That is immeasurable over time. theres dynamic scoring or static scoring answers the questions. so its on the mind of your undecided republican senators, is this administration willing to commit a review five years in to see if the growth models have held along your lines and the deficit implications arent as large and if they arent, to recess the tax cuts in order not to blow a hole in the deficit? >> i have not discussed with the president what were willing to commit to what we do five years f...

Added clip, the senate gop version has partial obamacare repeal. phil mattingly joins us from capitol hill. how confident are senate republicans they can get this bill through? >> reporter: one senior gop aide told me they compared to where we were in a great place. that same aide acknowledges its a low bar. and frankly, theyve added health care into this. th thats a concern for people like senator susan collins who has concerns about the mandate. you have people like bob corker or jeff flake wh...

That same aide acknowledges its a low bar. for people like senator susan collins who has concerns about the mandate. you have people like antibiotic corker or jeff flake who have concerns about the deficit implications of this and then you have a firm "no" vote, at least at this point. johnson coming out tonight not with concerns about the individual mandate but concerns about pass-through entities that pay taxes on the individual side of things saying what the bill does doesnt go far enough for...