Page 2 - Deficit Implications News Today

♪ >> neil: we are beginning to get the first lashes on the congressional budget office grading on the senate measure. that pretty much is like a house measure, according to congressional budget office. 22 million fewer insured. they added about 24 or 26 million under the house plan. theres no way to know, because youre basing that on expected enrollment growth as things stand out. versus the measures that republicans are taking, where you have no longer a mandate where people purchase the insu...

And said were going to go repeal obamacare, weave never done it before. weve done it 30 times. thats what i dont understand about the dynamic about these guys, particularly the mod rates opposed to it, these guys have all voted for it before. this is nothing new. >> lanhee, would you agree with one of the definitions of hypocrisy this week has arrived with the health care proposal on the one hand and the tax reform proposal on the other. so you get republican governors like greg abbott saying no...

For itself. thats opt mission tick. look, there are other republicans like paul ryan long taking a more responsible approach which is to say in order to actually cut the tax rates, we have to significantly reform the tax code. thats why they wanted the border adjustment tax to help pay for it. without that this will have deficit implications. the question is are republicans willing to look the other way? >> some $10 trillion. still ahead on "morning joe," the state department reportedly at odd...

Means simplification and overhauling how you pay your taxes, what kind of deductions you are able to claim and all of that. if they dont propose something specific and expansive in terms of how you alter the structure of the code, it is not really tax reform. the one reason im sus pirgs is reform is how you pay for it. and without that, were not really dealing with tax reform. and if we are, then its very, very complicated on the hill. if not, its still complicated because of the deficit implica...

Point, incress in the interest rate would increase our debt burden by $1 billion. >> theres something else here, excuse me for interrupting, jared, and thats the debt ceiling fight shows that the republicans have one idea, and thats to cut spending. they dont do that when george w. bush was -- >> i thought their one idea, david, was cutting the deficit. >> thats -- they say thats the case, but it really is they want to just talk about spending cuts as if that is going to help the economy. and an...

if he succeeds, he charts a path out of the crisis for other countries. then iran. its in dire economic straits for a very different reason. we have another exclusive. this one with irans finance minister about just how crippling u.s.-led sanctions have been for his nation. next up, a conversation with paul krugman. the biggest question in the world today is whether to spend or whether to cut. krugman is the leading voice saying stimulate. ill ask him to defend his views. all tha...

we have another exclusive. if one with irans finance minister about just how crippling u.s.-led sanctions have been for his nation. next up, a conversation with paul, the biggest question in the world today is whether to spend or whether to cut. krugman is the leading voice saying stimulate. ill ask him to defend his views. all that plus superstitions in the race for space. but, first, heres my take. everyone is worried that greece might default on its national debt. thats really not n...

He has an optional 20% flat tax. he keeps the standard deductions. is he making it two complicated to appeal to those who like 9-9-9? >> it is more complicated than herman cains 9-9-9 for that reason. his attack is that herman cain has a new national sales tax. what rick perry is doing is proposing an enormous tax cut for people at the top. he is also ensuring that nobody gets a tax increase. there are many middle income that would get a tax decrease. nobody has their taxes go up. the deficit im...

They needed to see in all likelihood was a total number less than one trillion, $940 billion is certainly close, but that will probably make them more comfortable, also some verified cbo deficit reduction, and at least projections, though the cbo is always cautious about that second decade of any kind of deficit projections because as the office says, its very difficult to predict with any accuracy 20 years out exactly what the deficit implications of any bill is going can to be, including one o...

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