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More conservative estimates. virtually no one can give us evidence the debt is not going to go up. you may not care about this but the promise was it's not going to increase the debt. it's going to increase the debt. claim two, it was designed to benefit the middle class. corporations get a permanent tax cut, individual tax cuts sunset, expire by 2027. almost everyone making less than $75,000 a year is going to be paying more out of their paychecks so it's not only just a temporary tax cut, tax cuts for people making under $75,000 may go up. claim number three, it won't benefit the wealthy. th...

>> his goldman sachs colleague said mnuchin is an idiot. you're jumping in at the goldman sachs jom boamboree. >> it goes to the question of why did they cut the top rate from 39.6 to 37. >> yes, who asked for that? >> remember, punitively, president trump's base is those blue collar working class white voters. but remember all politics is local. there are reports that the president's been hearing from his rich friends in new york and similar places who say wait a minute, we're not getting much in this bill. he said so in private meetings, and he has seemed to -- he said publicly he is going t...

Fix it, what do they do? they do nothing significant on state and local, nothing to really help the middle class but what they do do is move up the corporate tax cut a year early an they're going to take the top rate, this will be the rate that will affect whether you're warren buffett or a billionaire. they're going to lower that tax cut. that tax rate from 39.6% to 37%. i mean, it is kind of shocking that that's the last thing to do. they're not even hiding how much this tax cut is for the most well off, for the donors. and the thing that i just don't understand, maybe john can explain, is t...

It before democrat doug jones is seated. the plan will low eer the corporate tax rate dramatically to 21% from 35%. it also lowers the top rate for individuals so 37% from 39.6%. translation, big break for the wealthy. still, president trump today insisted the plan will give the average american family a massive tax break. fulfilling a major campaign promise. >> we're just days away, i hope, i hope, you know what that means, right? from keeping that promise and delivering a truly aasia amazing victory for american families. we want to give you a giant tax cut for christmas. and when i say gian...

We're joined by gene spurling, former director of national economic council of presidents obama and back with us is john heilman. what do you make of the vaguely described compromise bill? >> well, it stays a lot, right? you had a bill that blew a hole in the deficit, tremendously tilted towards the most well off, towards foreign investors, left the middle class out and when they get together to try to fix it, what do they do? they do nothing significant on state and local, nothing to really help the middle class but what they do do is move up the corporate tax cut a year early an they're goin...