so justified having high state and local taxes because they know they re going to be deduct the and that s why they re spending and cropping up unions across the state to help write local laws. on the individual side this is not tax reform and what you re doing is essentially raising taxes by not really reforming the rates that s one thing. the other thing i ll say ben: that s crucial. it s just a tax increase. not a tax cut on you. on some people. but what s good about what trump is doing and what s bad. i ll say where it comes down to margin stuff and politics not just using about the 401 (k), i don t think it s a big problem but i think being personal about this and making john mccain angry and getting corker on his bad side and sticking it to people. ben: if he gets this through , it will be a miracle. who cares? i don t care. neil: but i think you raise such an important point with all due respect it s not tax reform. it s really on the individual side it s a tax incr
going to be hit. but this is not tax reform. no this isn t tax reform. on the individual side they re not changing much. think about what they re doing keeping all the rates the same almost. neil: well we don t know for sure. adam, is it your sense then that a lot of democrats have appeared on this show, other shows all been saying, you know, don t skew this to the wealthy if you don t we might not be inclined to reject it right out the gate, but i still can t imagine democratic votes for this regardless even if they were to double the taxes on people like ben. what do you think? adam: i think you re right and charles set the tone from the very beginning there s a lot of good policy being discussed on this program and in congress and i think that will be, that will end up being beside the point. they have so many things working against them. neil: i don t think what we discuss on this show is ever beside the point. [laughter] adam: i heard some very interesting things b
neil: he did mention a very good point that the president might be deleveraging committees that could sort out how you pay for these taxes, if that s what you have to do and by ruling out a 401 (k), by ruling out let s say a deduction for state and local tax he didn t do the latter. he s open to all of that but he then makes it more difficult to get these tax cuts. i think he makes it easier. let s take some of these things off the table the gop is negotiating among the gop. let s take these things off the table. neil: on that party very big on the deficit. charles: some of them are and here is the thing. narrow down the argument and make votes that way. i honestly believe when this is said and done i m putting my finger in there and feel the pulse of people particularly those who voted for president trump and they will end up getting rid of the state and local deductions or changing them dramatically. what are your alternatives mess around with a 401 (k)? nobody wants that.
neil: the whole nine yards. can you imagine? adam: this is good for those people who don t have people like that helping, plus they ve got cameras involved, so that you can watch. neil: do you can see whose stealing stuff in your house, right. exactly. it s brilliant. charles: well my wife orders so much stuff from amazon they ve opened a distribution center by my house so it s a moo t point for me. i don t want some guy running around my house looking at my un mentionables. the other half says they have so much stuff on us already so it s so easy. neil: they re in your compound. they re in our compound anyway from a technology standpoint given how much we transact online. neil: kennedy? slippery slope here. kennedy: let the market decide if there s a market and people want to spend $250 for the key and camera combo then maybe it works and it will be word of mouth that makes it successful. neil: you railed against it in the beginning. kennedy: i wouldn t do it.