Page 3 - Dynamic Scoring News Today

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 ...

>> everybody is going to have to decide for themselves how they would vote, my preference is 20%, i think we have a very good bill out of the senate, the house has some components but i think this is a major step forward for the american public, we are going to get this to the presidents desk for his signature before the end of the year. chris: let me ask you about a couple of questions that people are raising about this bill, one of the president and republicans key selling points that the tax...

>> everybody is going to have to decide for themselves how they would vote, my preference is 20%, i think we have a very good bill out of the senate, the house has some components but i think this is a major step forward for the american public, we are going to get this to the presidents desk for his signature before the end of the year. chris: let me ask you about a couple of questions that people are raising about this bill, one of the president and republicans key selling points that the tax...

Getting something passed because they have passed no legislation since trump has been president but this thing they are getting passed is quite unpopular. people hate it. republicans hope new better, shinier numbers might come out about this. the congressional budget office isnt the only non-partisan government office that crunches the numbers on things like this for tax bills, there is also system called the joint tax satn and weve been waiting to hear from them and hoping they would put out th...

And so that republicans have been hoping that new, better, shinier numbers might come out about this. the congressional budget office isnt the only nonpartisan government office that crunches the numbers on things like this. for tax bills, there is also system called the joint committee on taxation. and weve been waiting to hear from them and republicans have been hoping they would put out their report on the bill, and the joint committee on taxation, their report would be better. they wanted th...

2018. but thats the only year of 3% growth, those longer term trends kick in after that. so even under the tax plan the strongest advocates say it will produce growth in the 2% range jared was talking about. >> and john said this earlier, i want to underscore it, hes quoting the tax foundation. they are the most kind of optimistic about this dynamic scoring of the tax plan. their model, i consider it to be pretty juiced relative to some more standard issue models. so we dont have the cbo or the ...

The economy will grow, they want static. somehow with a mandate, dynamic scoring, few dont have a mandate, everybody should drop out. nobody would drop out. >> policy ping pong with rick tyler and steve kornacki. thats hot. whew. still ahead. >> i expected to lose. >> president trump teased a major announcement, once he got back from his asia trip, my god, this will be some incredible foreign policy development. america will lead once again, no that is not what we got yesterday. what we got was ...

George bush, 87% increase. >> neil: im not casting political aspersions. im just wondering where the middle ground might be found. on this tax cut, do you subscribe to the belief that republicans are saying tax cuts he sometime hate revenues and growth and that goes a long way to paying this? youre in that camp that says no, not in this case? >> im not a dynamic scorer person. the reason, neil, im not, i think dynamic scoring is a gamble. do i think tax cuts or tax increases for that matter have...

>> you say god help our children as we continue to bury them in unsustainable debt. this plan, to me, can still be in the red $1.5 trillion, but it could be in the red even more than that, couldnt it? >> no, because the goal is really on a static score to get to $1.5 trillion. nobody has taken into consideration dynamic scoring yet, the growth from the economy. theres so many numbers coming out, and there will be economists saying it will not grow the economy and some will say it is, but a 1% gr...

Youve talked about that many times, weve talked about that. but there are people here who say that the gross is not going to make up for the numbers, that youre going to add to the deficit and debt in this plan. >> i just happen to think they are wrong. weve got a chance here to grow the economy. we talked about this before, the chance to grow an american economy 3%, were already at 3% right now without this tax bill having passed. if we can get about 3%, the amount of money that generates to th...