In 1986, Grover Norquist and his organization, Americans for Tax Reform, created the "Taxpayer Protection Pledge," which he describes as "a simple, written commitment by a candidate or elected official that he or she will oppose, and vote against, tax increases." It has recently come under repeated fire: it became a tool for ethanol subsidy…
the deficit by $3 trillion by doing things like closing tax loopholes for big pharma, closing tax loopholes for big oil, and finding other areas where you can eliminate that type of waste or fraud or abuse. and the republicans indicated they had a different perspective about it, but our view is you can't have a real conversation about deficit reduction if you want to take revenues and closing tax loopholes off the table. again, we're not interested in a take it or leave it approach. and that was made clear. >> is a privileged resolution on the table, is this something you're seriously considering, meaning going around kevin mccarthy and simply forcing a vote on the floor about an up or down limit, debt limit increase? >> my view is all options have to be on the table and we have to explore every opportunity to avoid a catastrophic and dangerous default. one of the options that could be available to us is a discharge
costs. neither of those two choices are acceptable. and i think in the meeting today, which was positive, because it was cordial, it was candid, and there's a potential path forward, leader schumer, president biden, myself, we all made clear default is not acceptable. and neither is a take it or leave it approach. >> "the washington post" reports that in that meeting that you were all in, the democratic side, perhaps even yourself, offered up closing tax loopholes. you hear a lot of talk from republicans about we need to close excessive loopholes. that was rejected summarily. that's what "the washington post" reports. is that accurate? >> it is accurate that we had a real conversation about the appropriate way to deal with the deficit. president biden produced a budget in march. it's a budgt that would strengthen social, work for everyday americans and reduce
publicly address title 42's end. >> president biden is harris extraordinary effort to address the root causes of why people flee their homes. >> midway through debt limit negotiations, president biden plans to fly to the other side of the world. >> just to reiterate the president very much looking forward to traveling to hiroshima this wednesday. >> that is because president biden is optimistic about a debt he deal. >> i think we will be able to do it. >> the white house's latest offer pay to raise the debt limit by closing tax loopholes has been rejected? we have to have something done by this weekend and we are nowhere near any of that. >> is the president no matter where he is. but when he travels to japan and australia two days from now he is going to be busy. he has meetings with the leaders of the g 7 and leaders of the quad and when potential debt
beginning in 2025, they pay no more than $2,000 for all of their drugs. by the way, that saves the government another $200 billion because he's not paying out for all -- the drugs come forward, and they come at a reasonable price. my budget also cuts tax loopholes. look, i don't have anything against wall street or hedge funds executive. just pay your taxes, man. hedge funds executive pay than the middle class worker who works for them. no one earning less than $400,000 is going to see a single increase penny increase in taxes under me. they haven't yet, and they won't. if you're making more than your
for the cancer drug. well, beginning this next january, the most any sister will senior will have to pay is $3,500 for all of their drugs. and beginning in 2025 -- in 2025, they'll pay no more than $2,000 for all of their drugs. by the way, that saves the government another $200 billion, because you're not paying out for all the -- the drugs come forward, and they come at a reasonable price. my budget also cuts tax loopholes. look, i don't have anything against wall street or hedge fund executives. just pay your taxes, man. no one earning less than $400,000 is going to see a single penny in increase in their taxes under me.
because not paying out for all the drugs come forward and they come at a reasonable price. my budget also cuts tax loopholes. look, i don't have anything against wall street or hedge funds executive, but just pay your taxes, man. i'm serious. a lower tax rate than the middle class worker who works for them. no one earnings less than $400,000 will see a single penny increase in their taxes increase, not a single penny. and if you are making more than 400, well, start to pay your fair share. look, instead we are making the biggest corporation to begin to pay their fair share. just -- i'm not talking about 70% tax rates, for example, at least pay something. folks, let me ask you this. does anyone think we have a fair tax system in america? no, i'm being deadly earnest,
included and he's done nothing to close tax loopholes, and i follow undulation to do let that, and republicans announce not committed to giving me one hearing. in the case of reedy creek, the governor's ability to appoint all five members, feeding it to extremism, also crony capitalism, just highlights that he really isn't a guy that's tough on corporate actors. he actually just wields cultural wars to his favor while continued to give corporations. the tax breaks they care most about. >> this seems like a detail, but i think it's important that the governor was married at disneyland, right? did the mouse looms large in the state of florida. and i've got to ask you, as a floridian now, i know that he's sort of framing this as man versus corporate megalith. but disney's pretty popular in the state of florida, isn't it? i mean, how does this play with residents of the state that he's the governor of? >> oh, absolutely.
because these things have been shot down over frozen, arctic territory at the moment. it's kind of hard -- recovery effort is not gonna be as fast as we might want. >> i want to choose the idea that we're just being hypervigilant now. as opposed to their shifts way more unidentified flying objects now hovering over our airspace. thank you very much, helene cooper. i hope we're not even the same thing next week. pentagon correspondent, helene cooper. thank you so much. let's play a game. who said this? we're going to close the unproductive tax loopholes that allowed somebody -- to avoid paying their fair share. is it president biden or is that former president ronald reagan? the answer after the break. answer after the break fall asleep naturally, plus extended-release b-vitamins. wake up feeling refreshed. pure zzzs. sleep better. wake up your best.
espouse a version of trumpism that doesn't carry baggage. >> to all you oxygen or is out there, we love you, we're sorry for this conversation. hayes brown, columnist another for the msnbc daily. michelle goldberg, columnist for the new york times. appreciate the inside and the great conversation. still ahead on velshi. the latest on what has been shot out of the sky and the u.s.. now also in canada. plus, straight from one of the republicans favorite presidents, ronald reagan. the quote. what's close the unproductive tax loopholes that allowed some of the truly wealthy to avoid paying their fair share. where has that sentiment gone? first, right up to the break, we're live in turkey with the latest on the dire rescue missions after the devastating earthquake there. stay with us. stay with us something... huge. ant-man and the wasp have arrived. spend $30 on your next visit to ihop and get a fandango movie ticket to see marvel studios' ant-man and the wasp: quantumania.