Get under his skin that his own running mate is not defending him. Im curious the kind of mood in trump world right now. You know, i have not heard that theyre upset by governor pences performance in any way or that theyre worried that he might have upstaged donald trump. There was a lot of pushback to that reporting from the campaign. But what i can tell you was that before they were deciding on who was going to be Donald Trumps running mate, there was some concern about choosing somebody who would upstage donald trump, somebody like Newt Gingrich or Chris Christie who is more of a politician, a more practiced politician, bombastic politicians who know a lot more about policy than donald trump does. So there is precedent for that feeling, but im not getting anything from the campaign about them feeling like governor pence did too good of a job last night. But what i do know is that ty want to get donald trump better prepared for this next debate coming up on sunday. I was talking to aides last week, and they were talking about getting him a debate coach
perhaps, also standing him behind a podium to see what that would be like. This next debate wont be behind a podium, but just to get him more used to that feeling. Also finding a way to get underneath Hillary Clintons skin in a way that she was able to get underneath Donald Trumps skin, taking her off her game and also pivoting to territory thats more comfortable for him. Governor pence did all that decently, if youre going to look at just style and the way that he was able to compose himself during his debate last night. Donald trump did not do that, but i can tell you this, chris, i have asked the campaign multiple times this week what theyre doing specifically for debate prep, theyre just not answering the question. Theyve gone completely silent on this idea. Hes had a pretty robust schedule. He has a Campaign Rally tomorrow or an event tomorrow in new hampshire. Were going to find out if he has anything else on friday or saturday, but remember before the first debate he had Campaign Rallies up until the days before and that seemed to hurt him
because he didnt seem as prepared certainly as Hillary Clinton was. So were not entirely sure how much debate prep donald trump is doing, but i can tell you the campaign did feel like he needed much more going into this second debate. All right, katy tur, thanks for that update from las vegas, nevada. Joining me now, a political reporter from the New York Times and editor and publisher of the nation which endorsed Hillary Clinton today. Why progressives should vote for Hillary Clinton. Heres the thing i found most fascinating. Donald trump such a maelstrom, the Singular Force and directs such attention, he so bizarrely fit into republican and modern conservative orthodoxy, in other ways hes a rejection of it. But then you forget that theres an entire Republican Party, theres literally thousands of people around the country governing at Different Levels that are not donald trump. This was kind of like whats
going on in that world. A great line today, if pence was a designated survivor o the republican primary, a man held away from the Carnage Trump has inflicted in the Republican Party, its conventions, orthodox es and pieties. I dont think this country will be the same. I dont think either party will be the same after this election. Its an upend the rules election. We saw last night an element of the Republican Party which has been descending, not ascending, even before donald trump thats interesting. Took this by that You Mean Social social conservatism. If you think what has roiled this election year, it has been populism, economic issues, the Class Divisions within parties, it has been economic insecurity and not the social issues which so animated the Republican Party. So we can talk all we want about preparation and this and that. Last night we did see an extremist give really extremist positions a reassuring face. But the big issues facing i think this country and both
parties, disruptive globalization, Populist Nagsablism and the end of party work. How they do it will be central to their future. I think that trump has shown that faith voters are not the faith voters we thought they were. Right. You know, that faith, religiosity, social issues as they are normally constructed are not necessarily any more the main drivers of politics in that part of that party. They have the same appetite on immigration, on populism and frankly on Rage Politics as the peer trumpista. You cant go back to that old model anymore. I remember in 2004 when the whole idea was the first evangelical president george w. Bush, Building America by tom edsel, theres a new rising evangelical base that would support this republican majority. My reminder last night was, look, donald trump, if hes elected president , there are
going to be thousands of mike pence acolytes, people with those Politics On Social Issues who will be in the government. Yeah, but im also thinking we talk a lot about young people, millennials in this election, we see even younger evangelicals, an unwillingness to go with Climate Denialism and which mike pence is, too, and donald trump. Weve seen an opening there. And weve seen, though not as clearly as we thought, Republican Party can no longer be the party of white sanctuary nationally. They think they can abouty. They think they can be. The Economic Security in this country, the bad health outcomes, the end of the Coal Industry which is not due to Hillary Clinton but to fracking. So how we as a country come together to confront these challenges. Donald trump i love we endorse Hillary Clinton. I say that only in the sense that when you see someone heading the Republican Partypoking an eye in the chamber of commerces eye and poking an eye at the orthodoxy of a failed, discredited Foreign Policy and Economic Establishment even while he has failed in a spectacular loser i think is important. This is what i find so interesting. Theres this little seduction to the left. Its not left no, there is, theres a seduction for little parts of the left in donald trump precisely because he has in many respects the right enemies. We endorsed Bernie Sanders because he was about inclusivity. Donald trump is about bigotry and hate. [ many speaking at once ] there are voters on the trail who say my first vote was donald trump, my second choice was sandruss. I likeshaking up a discredited establishment. Bernie sanders did that. Heres the argument right here. The atlantic for the third time is endorsing. So as soon as donald trump went off stage, mike pence sat down at the table and said basically yeah if we have to shoot down russian planes over syria, lets shoot down russian planes over syria. He was extraordinarily hawkish. The reason you see the Party Leaders behind trump is not that hes the president ial nominee, they think that if hes the president , its them in the drivers seat. Exactly. Its the Foreign Policy the usual they think theyre going to get their trade deals. They think theyre going to get their way. Yes. Because he so often but i do think anything we can do to force a debate to shake up the establishment youre [ many speaking at once ] we have toefeat donald trump. Sometimes Establishment Shaking involves figures like donald trump. Thanks for being with me tonight. Still ahead how Donald TrumpsHeadline Grabbing personality overshadows the larger problems in the Republican Party and how mike pence, governor of indiana,
is a perfect reminder of that. Did trump take advantage of a mistake in the tax code to pay no taxes after this loss. Using 60,000 points from my chase ink card i bought all the framework. Wire. And plants needed to give my shop. A face. No one will forget. See what the power of pointsc. Learmoret chase. Com ink announcer theyll test you. Try to break your will. But however loud the loudness gets. However many cheese puffs may fly. Youre the driver. The one in control. Stand firm. Ju wait. [click] and move only when you hear the click
that says theyre buckled in for the drive. Never give up till they buckle up. Narrator it wasnt that long ago. Years of devastating cutbacks to our schools. 30,000 teachers laid off. Class sizes increased. Art and music programs cut. We cant ever go back. Ryan ruelas so vote yes on proposition 55. Reagan duncan prop 55 prevents 4 billion in new cuts to our schools. Letty munozgonzalez simply by maintaining the current tax rate on the wealthiest californians. Ryan ruelas no new education cuts, and no new taxes. Reagan duncan vote yes on 55. Sarah morgan to help our children thrive. His tax returns showed he went through a very difficult time, but he used the tax code just the way its supposed to be used and he did it brilliantly. How do you know that . We havent seen his tax returns. Bhis created a Business Worth billions of dollars. How do you know that . When tim kaine kept hammering pence about Donald Trumps tax returns, it wasnt just about the tax returns. America has never in its history elevated someone to its highest office with Less Public Service experience than donald trump. But trump, of course, does have a long business career, which is American Public might be able to accurately judge as the entirety of his resume if hed release his tax returns. The New York Times revelation on trumps decades old tax return did shed some light on the subject. He declared a 916 million loss on his 1995 income tax returns, a Tax Deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years. Trump first responded to that news by saying he had brilliantly used the tax laws to his benefit. Mike pence echoed that last night. Its actually the fault of wait for it Hillary Clinton. She complains about how i have used the tax laws of this country to may benefit. Then i ask a simple question. Why didnt she ever try to change those laws so i couldnt use them . You know why . She could have changed the laws when she was in the United States senate, but she didnt. But, as noted by our next guest, it just so happens there was an egregious tax loophole in the 1990s Created By Accident Which was closed by the job creation and workers assistance act of 2002 a bill that then senator Hillary Clinton voted
for and president george w. Bush signed and its entirely possible that is the exact tax loophole donald trump may have used if he did indeed manage to avoid paying taxes for nearly two decades. Joining me the man who wrote about that tax loophole today, josh barro. We should note were speaking in the hypothetical because we dont actually know. We dont know. Weve only seen the first page of this tax return. If wed have seen the whole return, we could talk more concretely about whats in it. How do you lose that much money . People havent quite grasped how big this loss is. Obviously 916 million is an enormous amount of money. But the provision he took, the Net Operating Loss. When your business has losses that exceed all your income, you have a negative income. When you look at all the tax returns in the entire country in 1995, there was about 49 billion of that which means donald trump accounted for 2 of the Net Operating Loss in the entire country. Of the entire gdp of the u. S. Right. All the different firms and places that are operating. Its just individual income tax, but yeah, anyone who has a business like trumps thats owned as an individual company. Did he really have 900 million of his own to lose in these businesses that we know did do very badly, in fact, in the early 1990s, his casinos, his airlines. He had three casino bankruptcies. So he did lose a lot of money, but there was this tax loophole. When youre like trump and you own this business and it goes bust and you lose money and the people who loaned you money also lose lots of money, normally those losses are split. The banks dont get paid back, they take part of the loss and you take part. The part that is really yours, you get to write that off your taxes. But there was an error in the way a specific kind of Business Form was taxed that basically allowed if there was a loss where trump was out 100 million and the banks were out 800 million, he could have written off the entire 900 million off
his taxes even though he really only lost 100 million. This is great. I love this. He could write off the banks loss essentially on the loan. Yeah. It was just a mistake in the tax code. It was a mistake in the tax code. As people started filing their taxes using this provision, the irs looked at this and said, this isnt right. There were years of litigation in the tax courts and it got to the Supreme Court in 2001 and the Supreme Court said the law does say this even though thats stupid. If you want to change it, you have to change the law. Thats how we got this 2002 change. But up until 2002 people, including potentially donald trump, could have used this provision to claim losses on their taxes that they didnt was not their loss. Yeah. So what i love about this story, is, a, its a sort of window into how complicated and screwed up the tax code can often be . Right. But in this case, it was fixed. They realized it was kraedz and they fixed it. This is unusually bad. Usually people with loss of income, this is a particularly
egregious provision which is why it got fixed. Nobody thought this was a good idea. It happened by accident. What i love about the story, this is like from two pages. The amount like eric trump and donald jr. Have at various times sort of let the cat out of the bag that the real reason theyre not releasing the tax returns is because it would we politically damaging. Theyve said as much. Not just the audit. You get a sense how much information would be packed into these returns if we saw them. If what the returnsaid is the story that donald trump has told public which i which is that he built this big empire, lost it, clawed his way back through his own genius and now making more money than ever, you would think hed want to release the tax returns. But i suspect what they say is actually that this loophole is what they use. This isnt the only Tax Information that weve seen. Weve seen this tax return Tax Information on him from nine different tax years going back
to the 1970s. The highest income he ever reported was less than 120,000. That was back in 1977. We know of six years in which he reported no negative income. So the question for me if this was a real loss like mike pence said in the debate. He had a bad year. When did he make all that money . Great point. Weve not seen any tax return that says oh, donald trump made 200 million this year. Thats a great point. Josh barro, thanks for explaining that. Sure. New battleground state polling, how the seemingly unprecedented volatile campaign is falling into a familiar pattern. Ill explain, ahead. The Paris Agreement alone wont solve the climate crisis, but this agreement will help delay or avoid some of the worst consequences of climate change. Today President Obama announced that enough nations have now signed on to the Paris Climate agreement for it to be implemented beginning in 30 days. The first of its kind global treaty requires each nation to set specific targets for carbon emission reduction, then report its progress publicly. It just so happens that earlier today t president was meeting with fema officials to prepare for hurricane matthew, a massive storm that has already claimed 25 lives that made landfall yesterday. After moving through the caribbean, it is expected to hit or come dangerously close to the southeast coast of the United States where Emergency Evacuations are well under way. Joining me now is bonnie schneider. What is the latest for the path of this storm . The track hasnt changed, chris, but we have a new position statement. Right now the storm is still a
category 3, its weakened just slightly. The problem is the storm was likely to strengthen to a category 4 before it becomes very close if not making landfall somewhere near the space coast in florida. Thats why we have Hurricane Warnings impacting 9 million americans at this hour. Just incredible. The hurricane watch extends all the way along the georgia coast because we are anticipating t