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Billionaire class provides hundreds of millions of dollars in campaign contributions to republicans. and now is pay back time. what this legislation is about, jake, is giving 50% of the tax ben fits to the top 1% and at the end of ten years in the house bill, forcing almost 50% of the middle class to actually pay more in taxes. what this legislation is about absolutely insanely is repealing the estate tax, a $269 billion tax break, not for the top 1%, but for the top two tenths of 1 pkts, a handful of the wealthiest families in this country like the walton family and the coke brothers family a...

Owners from 39.6% to 29%. this man owns a graphics company in indiana and has a question for senator sanders. mark? >> senator sanders, you criesed this plan as bad policy, disastrous and morally repugnant. >> as a matter of fact, i did. >> can you clarify for me how that's disastrous? >> here's the point, mark, and you make a good point. small businesses are struggling with federal, state, local taxes. i got it. and with he went to help small businesses. what this particular bill does, as i mentioned earlier, 80% of the benefits go to the top 1%. not to you or small businesses. and 269 billio...

And why the koch brothers are spending so much money to see this legislation passed. their family will benefit to the tune of some $30 billion, so spending a few hundred million dollars to elect people like senator cruz is pocket change if you're family is going to get 30 billion. if you're one of the wealthiest families you will get up to $2 billion. this is an incredible boondoggle going to the top 2/10 of 1%, $269 billion going to the top 2/10 of 1%. we had a young lady talking about the cost of college. i think it makes a lot more sense for us to make public colleges and universities tuiti...

Have. these guys, though, are going to support a tax proposal which over a ten-year period would repeal the estate tax and give $269 billion in tax breaks to the top two tenths of 1%. that to me is not an effective way to deal with the deficit. second of all, let me read directly from the cbo report that came out today. and i would disagree with senator cassidy's interpretation. they are cutting a trillion dollars. all told federal spending on medicaid would be reduced by about a trillion dollars over the 2017, 2026 period under the lemgts lags and the program would cover millions fewer enroll...

Placing on that as he picks a diplomat to speak on behalf of the u.s.? >> well, you know, calling exxonmobil a business is almost a little bit like, you know, calling walmart a hardware store. exxonmobil, with something like $269 billion in revenue, would rank as the 44th largest nation in the world if you weighed it alongside the gdps of other nations. bigger than finland, bigger than portugal. i think that's really what president-elect trump was getting at, this is somebody who has been in charge of a massive global organization that has interests that are akin to managing the foreign policy...