health care debate was before, and i am not sure how they think it s going to be easier with a more complicated issue tax reform that also has a lot of things that people disagree on. so this is going to be tough. it also runs the risk of making the politics of this worse. it was already not a particularly politically popular bill, either with voters or the gop conference that felt that they were sort of sucking it up to do something for the party and for the president, but nobody was super in love with the bill because it has been the subject of so many compromises and now you are hearing grumbles, they said we were going to simplify the tax coat and cut everybody s taxes and now looking at a bill that doesn t do either of those things, cuts some peoples taxes and doesn t simplify the tax code. why are we taking all the potential political pain of this
obviously the senate will have to deal with that. they are initiating that process. do you remember the individual mandate has to do with taxes. you saw it. it was all about the penalty being a tax. but the bottom line is i m focused on reforming the tax coat because it s broken. it needs to be fixed. that s what we ll deliver tomorrow. did you notice ali had to rephrase my question like i didn t do a good enough job with it? you notice that? it s a compliment. it means i liked your question so much better than the question i was going to ask, that i wanted to restate it. i got to ask you about the medical deduction. can you support a bill that takes that away? we ve spoken to you in the past about how passionate you are about diabetes research. you understand fully what a massive expense it is when a family has to incur those costs. i appreciate that. that was something we were concerned when we voted this out. is talk to our senator friends.
corporations that are no longer inverts and going overseas. we to want see it as soon as possible. let me press you on the differences, the house version, the past committee, house version four income brackets, senate version seven income brackets, what do you think? naturally, we ve said all along, one of the objectives is to simplify the tax coat. a preference again is to have as few as possible, but there s going to be tradeoffs the senators have to make. and there are other things that we are providing that we find attractive. we are excited about the process, excited where the senate is going with theirs and the market they have planned for next week and the progress the house is making. a very sensitive industry in some of the states like new york or new jersey. i think what we said from the start, we were trying to clean up the tax code and believe there s a lot of states that
i actually questioned the original premise of $5 trillion in additional costs. so look, i ll look at their proposal in greater depth. my guess is they re making a lot of estimates that may not be true at the end of the day. so it s a combination of the growth and clearing out all the underbrush and the current tax coat. chairman, the president talks about that 20% corporate rate, which is lower than the 35% rate now. but as you and i have discussed over the months and years, this has been kicked around, that very few companies pay that rate. it s closer to the high 20s, i think. so if the president has said that he wanted to come in at 15, settled for 20 but doesn t want to budge on 20, is it likely he will get 20 or is it your sense as it is speaker paul ryan s sense that it might be somewhere in the low 20s? is that the closest the math makes sense? no. we re driving straight to 20.
so burdensome, our tax coat. if we want to renew our prosperity, restore our opportunity, and reestablish our economic dominance, which is what we should be doing, then we need tax reform that is pro-growth, pro-jobs, pro-worker, pro-family, and, yes, pro-american. my administration is working with congress to develop a man higher pay. all across the nation. business taxes it s middle income families, it s families at every level. tax cuts. pete: that s a winning message on policy and winning political message as well. as you said, ainsley, americans don t care how they get it done, they just need it to get done. ainsley: they don t care if he works with democrats. they don t care about congress. they call that the swamp. we voted this president