Greg Valier News Today

At peace with each other. as we send our bravest to defeat our enemies overseas, and we will always win, let us find the courage to heal our divisions within. >> greg, when he stayed on script, he can move past that incident. perhaps weed so should wait unt tonight in arizona, but has he turned the page after this horrific gaffe after charlottesville? >> i think the criticism was so ferocious from his own family, from members of congress and his own party, from business leaders, from the militar...

I do believe that he messed up in his comments on tuesday when it -- it sounded like a moral equivocation or, at the least, moral ambiguity. when we need extreme moral clarity. >> all right. president trumps handling of charlottesville a big focus for house speaker paul ryan during a cnn town hall. ryan saying the president messed up. >> greg valier, political economist and chief strategist at horizon investments, joining us. >> hi, guys. >> good to see you. some feel that charlottesville was on...

I think the fact that china and russia voted with us at the u.n. is a signal the world is united against north korea. thats when you dont quantify -- a war is unthinkable. id say the market consensus which may be right for a change is that there will not be an all-out war. >> greg helping us to understand what all this means taken together. thanks. well talk more about these headlines and poll numbers. an alarming draft report by government scientists says climate change is already severely af...

Fundamentals. i still think theyre quite good. great labor market. great inflation, on, and on. good earnings. i think at some point this fall if it becomes clear his agendas is in real -- his agenda is in real trouble, that tax reform will be delayed quite a bit. thats not a good story for markets. >> no, the president i think is going to -- i dont know what the presidents going to do. he may tweet about the poll numbers and say theyre fake and phony and all that. its pretty clear that the poll...

Thats about $240 billion a year gone, its about the same the government spent on food stamps, jobless benefits, child nutrition for some context. the big question now how will the administration pay for it. the proposal will have to be revenue neutral to pass. steven mnuchin has said theyll pay for it through stronger growth, something that people who store. at cnn center political economist greg valier. good morning, ji. good tuesday morning. greg, let me start with you and this 15% floated tax...

Answer has got to be some version of lowering the rate but making sure that people pay getting rid of some of those loopholes. >> reform. tax cuts alone are very expensive, tax reform is very hard. what will it be tax cuts or tax reform? >> i think its going to be reform. there is a big debate ongoing on many things including the border tax, do you pay for it. >> right. >> but you hit on a crucial issue, maybe they just go for the sugar high of tax cuts right away because the economy is only fai...

Are already paying less than the number the president is floating. if the administration leaves those in place and reduces the corporate tax rate revenue will plunge, thats the second issue. tax cuts are expensive. if companies pay less, individual taxpayers are on the hook to make up the difference. a tax policy center study last year which looked at that initial trump 15% tax proposal shows it would cost $2.4 trillion in lost revenue over the deck decade, $240 billion a year. thats about the s...

Story, maybe not a good story for the long market in the long-term is that they really dont have a clue on how to pay for it and i think they will pay for it by assuming growth that will be extraordinary and maybe illusory. >> in our cnn money store were calling that the magic wand of growth to pay for it. let me ask you, ellis, we also heard the president may be stepping away, may be blinking on this promise to put wall funding on budget negotiations. has he learned something from the healthcar...

And u.s. foreign engagements. i think its on economics, too. i think that gary cohn and mnuchin have won. i think their agenda is much more pro-wall street. they dont like trade wars, things like that. but to a large extent, the bannon departure makes a big difference. >> that will be an interesting story to follow in the days ahead. again, to arizona, hell probably please that base with an immigration message tonight. something surprising from senator susan collins yesterday about the prospect ...

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