Deficit Neutral News Today

plus the u.s. and russia debating a prisoner swap. antony blinken speaking with sergey lavrov. and a breakthrough on capitol hill. chuck shchumer and joe manchin striking a deal after a year of negotiations. >> theres a lot in this bill, including tax changes. we begin with major developments on the u.s. economy. the gross domestic product fell 0.9%, following a 1.6% drop in the first part of this your, blamed in part on the omicron surge, all of this adding to fears the u.s. could be ...

>> look at that, theres a whole lot of crazy right there. election deniers. insurrectionists. weirdos, freaks, you have it all. the republican candidates in arizona, all of them extreme, all of them insurrectionists, all of them people who actually dont believe in american democracy. they believe in their form of government, where, well, you only recognize elections where your side wins. >> and this is what folks on the far right have been working on for quite some time. what this says...

before the first 2024 faceoff, and the candidates are taking very different approaches before the gloves come off. president biden is hunkered down in camp david preparing while former president donald trump is campaigning. and as trump is gaining momentum with donors, a new fox poll shows bidens building support with voters who say that immigration and the economy are still among their top deciding factors. so whos got the edge heading into next week? welcome, everyone, im jack a key ...

And thrilled to have been a part of it. >> it is not yet whether kyrsten sinema or bernie sanders are on board. are you confident you have the votes to get it through? >> defeat is not an option here. its common sense, all good stuff, deficit neutral, works on inflation, puts people to work, covers folks for health care, brings down prescription prices. who would not be for that? >> "the washington post" is reporting that larry somers was key in speaking to manchin and convince him this package ...

Confident that we are going to get the build back better act passed, and i actually think were in a really good place where we have everyone in the caucus agreeing to what is in the current text, which is truly more than i thought we were going to get. it is a transformative piece of legislation. >> so what was the turning point for you? you sound really confident, and im sure the president would be happy to hear that, because he, too, sounded very confident this morning. its been a very touch-a...

Caucus and without the leadership of president biden, who has been tireless in making sure that hes talked to all of us and that we all understand whats in the bill, feel good about it and are ready to vote for it as soon as the cbo score shows it will be deficit neutral. molly: theres some touting of a swift timeline on this, congresswoman sara jacobs, thank you on a saturday afternoon, we appreciate it. >> of course, thank you for having me. molly: tomorrow bill hemmer filling in for chris wal...

I think at the end of the day, we are going to be able to find a way to take this through tax reform on the kind of things youre talking about, but also on the corporate tax side enclosed in these loopholes that multi-national corporations have employed by parking their assets overseas. but bottom line is we have to get to "yes," because every member to have the democratic caucus recognizes the failures. >> but we say in general terms, these things have to be ant table, but theyre not. carried i...

>> you know, we tried to see it. if you go back to kind of the early efforts, speaker ryan was clear that he wanted this to be deficit neutral. there was an effort to include a border adjustment element to the tax proposal. that would have brought in enough money to drop the corporate rate by 15 percentage points. that effort didnt work out. and so, you know, what ended up happening was, what happens? we started out with some good ideas and then the legislative process took hold. theres a lot of...

Establishment is basically a conservative establishment and a lot feels like anger or transmitted anger over mitch mcconnell for not being able to pass legislation that most of the country actually opposes like repealing obamacare. >> all right, i want to go around really quickly once to each of you because its friday and we not. give me a percentage, what are the chances that we see tax reform passed by thanksgiving? >> better than 50%. >> really? >> susan? >> one in ten. >> nick? >> deficit ne...

Flake voted with the president more than 90% so far. so this is not a philosophical difference when it comes to policy, it is a character and a values question here. but there are some real implications when it comes to policy for the president. >> for sure in taxes being at the top of the list. and bob corker said before he may not support tax reform if it is not, if it doesnt turn out to be deficit neutral. thats one of the bigger questions about the tax reform package that were waiting to get...