Page 4 - Deficit Increase News Today

Think this is going to be part of it? >> obviously, the fact that republicans are trying to do at the same way that they did health care, budget reconciliation, that is an indication, it means you only need 51 votes, certainly in the senate, they dont think theyre going to get much democratic brian, so they figure they are going to have to do just what the republicans, chuck schumer and nancy pelosi have made it very clear that they do not want a tax bill that adds to the deficit, this one almos...

Act. he promised a huge tax cut, one that would cause a sort of reshaping of the tax landscape. i was hoping for the postcard size tax return. apparently that will be the case for many americans but not for all of us. do i like everything in there? no. do i like the concept, the principal of a huge tax cut so as to regenerate the economy? absolutely. do i think it will pass? yes. i think even my small government bodies in congress, particularly in the house who do not want to be the deficit incr...

Get a 13% increase in earnings. this is one of the reasons in addition to optimism about tax reform, deregulation and other issues, that the stock markets been rallying since the election. everybody has been factoring in very strong corporate profits in 2017. >> a lot of people are frustr e frustrated that the tax cuts will lead to, possibly lead to a deficit increase. investors dont seem to be too worried about that. >> investors dont -- the thing i think they dont worry about is if the "wall s...

>> this is what republican dozen. they cut taxes. it is what theyre born to do. knits their dna. >> one thing republicans dont like to do which steve is more comfortable with is letting the deficit increase. heres how it will pay for itself. listen to it in his words envelop this will be paid for by a combination of economic growth which will be around 3% or slightly higher and a combination by reducing massive amounts of deductions and special interests. >> i never want to scare my viewers away...

Count count country. ill be working for tax reform if its in the best interests of our country -- >> neil: you think they should be paid for? what meadows is saying this quest to make revenue neutral immediately might not be so crucial. he seems to be saying tax cuts create revenue and revenue comes in later on. what do you say? >> i dont have a bright line. if you talk about there being a huge deficit increase, i cant be for that. i recognize these deficits and debt are taking us down a path to...

Asks the fbi if there are communications between the trump campaign and russians theyve told him no, which is something that sean spicer and the white house have said there were conversations the fbi is investigating. its a matter of whether they were frequent and constant as some news outlets have reported. the white house disputing that but not the calls took place. interesting there. >> weve got the picture of the white house on the screen. i want to bring in robert costa, "washington post" m...

Entirely. but the bottom line is republicans in congress wont go for that degree of cutting. some of them wont even go for that increase in defense spending. so we know that raising taxes is off the table because donald trump and the republicans have said so. they actually want to cut taxes. so generally speaking if youre going to spend that kind of money, your only options are increase the deficit or increase taxes. since we know taxes arent going up, it means a deficit increase. the administra...

Money. >> real money. >> the stuff youd have to take off the table to get $54 billion without increasing taxes is very difficult. and there are a lot of republicans who dont want to see the deficit increase. from a mathematical perspective i dont understand how this is supposed to bourque. >> i dont either. he told me last night and vice president pence mentioned to me last night that actually said terry youll be happy in virginia that we have increased defense spending. i didnt get any details ...

Blueprint to make it so that you get some money from like limiting the state and local income tax deduction and so on, things like that, so they claw the money back by making the base wider and then they can get lower rates. i also think getting down to 15 is going to be tough and so once the budget realities hit congress and they try to legislate something they think they can pass through the house and the sate at that point they have to maybe cut down the deficit increase quite a bit. >> kevin...

They see his presidency as above average, but when you come to rank and file voters, they look back at the taxes that george h.w. bush raised. you are right. its possible that we go from bush 41 to bush 43 to possibly bush 45. where the bush family name is not held in regard the way ronald reagan was or barry gold water was for so many voters. >> the legacy there, you have the deficit increase and a tough time trying to private as i social security. you dont have a lot of republicans in their ac...