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Recent sort of uproar in politics kicked up. the day you had the cohen plea, the manafort conviction. things really seemed to ratchet up to a new level. new developments with the mueller. that day the average of the polls was 43.4%. as of right now, even if you factor in the "washington post" poll. if you average all the polls together about trumps approval rating what do you get. 42.8. it's not 36, 37, 38. down six tenths of a percentage point. if you think of it as a turning poin. it poses a question. this "washington post" poll with just brutal news for republicans at the worst time. home s...

>> the pressure is mounting on president trump right now. >> i agree, the pressure is mounting at least today more so on the plea of cohen rather than microsoft because t manafort. he directed hush money over an alleged mistress and then tried to cover it up and the president when he was in that clip you just played didn't even address it because it's very hard to address it. i think the things to watch for are, one, what he says tonight at this rally and where the polls go in the next couple of days. in the real clear politics average, 43.4%, basically right where he was the day he took offic...

Point in the real clear politics rating. his average was 37. he's at 43.4. he's gained 6 1/2 points over the course of that period. as you mentioned, the entire time, it's the stormy daniels onslaught. not only has it hurt his numbers, his numbers have been ticking upwards the entire time. again, that's something that -- you see democrats. you talk to them. they're annoyed by this. talk to nancy pelosi and others, they say it's distracting from our message. they want to reach voters. voters have tuned that out and paying attention to the other stuff which trump has had a good few weeks. >> tuc...

Fast forward to now. a private equity fund makes money usually in the millions. a big chunk of that money goes to the investor, like the old ship's captain, 20% goes back to the fund manager. that 20% is carried interest. the fund manager pays 23% tax, 23 23% -- 23.8%, capital gain tax and 3.8 invest tax. how it should be according to those who view fund managers as entrepreneurs. the idea, entrepreneurs should reap rewards from selling something that they built. putting their capital at risk. others argue for closing the loophole saying 20% cut is actually income. like you would earn income. ...

$40,000 a year. usually paid based on how well a fund performs. closing a loophole would make these wealthy managers pay the equivalent of 43.4% in taxes. more on par with the top income bracket. joining me now from capitol hill is democratic senator from wisconsin and member of the senate appropriations committee tammy baldwin, who is i think about as incensed with this concept as i am, and in fairness, senator, nobody fixed this for a long time, but the president campaigned on the idea that this should be gone. i can't book a republican member of congress who can stand where you are and expl...