Technical Corrections Bill News Today

Middle class? you know it is the argument of the republicans and the president that it is a middle class cut. it seems to be an argument that the american people arent buying. 66% say this bill will benefit the wealthy. only 27% say it will help the middle class. we asked about the presidents family. how will the trump family fare in it bill? 63% say better off. only 5% say worse off. 25% say the same. you mentioned the presidents approval rating as well. you are right. we have a new approval ra...

Most of the media has been negative. im not fussing about that. its just a fact. number two, the bill has changed a lot. i think a lot of folks dont really understand yet whats in it. not because theyre not smart but because its just changed. i mean, i probably spent -- i dont know, 300 hours on this legislation, trying to keep up with the changes. ill tell you this. the conference committee report made this bill better. senator rubio, senator lee, in my opinion, did the american people a great ...

Tell us about that. are your republican colleagues coming to you and asking for help? >> oh, yes. weve had conversations on how were going to deal with whats known as the technical corrections bill, bill that would correct mistakes made anyway bill that hasnt even been passed yet. there is an acknowledgement, as they dealt with things such as pass-through income, that there will be need for us to make adjustments going forward. how theyve dealt with some of the problems of middle income families...

Bill than theyre saying publicly? >> my colleagues, republican and democratic colleagues know were going to have to pay attention to additional legislation after this bill is enacted into law. yes, that is true. >> one last question. there is this feeling amongst some of your colleagues in congress that al franken, your democratic colleague, offered to resign too quickly, prematurely. and, in fact, he should stay in the senate and that he should not resign. where are you on that? >> senator fran...

Are they expressing concern privately that this gambit, that theyre hoping that when people live the tax plan they learn to love it, but theres no guarantee of that before the mid terms? >> republicans privately are most concerned about the presidents poll numbers. republicans on capitol hill, rather than these particular numbers on the bill. as chris is saying, they do believe that americans will start to see some benefit and perceptions may change. more importantly, the numbers that have been ...

But a couple of points. i dont think you ought to make tax policy on the basis of class war fare. i think you ought to make tax policy on the basis of sound economic principles. number two, this bill does help ordinary people. doubling the standard deduction, doubling the child tax credit, lowering the tax rates. number three, what helps american people the most is giving them access to a quality job. i think this bill will do that. its going to cut taxes on every single business. and there are ...

Made sense to me, we cleaned up. and once folks learn that, theyll be appreciative. >> senator, i think the fundamental problem here is not one of your making. this was sold as being something that would be designed to advantage the middle class the most. >> uh-huh. >> and it is very difficult to look at this bills architecture and see it that way. not just because of what you just pointed out that needed to be fixed but the theory here seems to be pretty obvious. we will help the top tier the m...

Bill is going to add between half a point and a full point to gross domestic product and youre going to see foreign direct involvement go up 50%. if im wrong, ill admit youre right. economic forecasting is more art than science. >> no, i dont -- listen, just to be clear about one thing, senator, i dont want to be right about this. >> i understand. i dont want you to be right either. >> you have to question the priorities and choices that are made. thats my only point. >> fair point. >> while i h...

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