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Corruption prosecutor for the southern district of new york. good evening, thank you all for joining with us. laura, i'll start with you. michael cohen pleading guilty to eight felonies and paul manafort guilty on eight counts. a dramatic and monumental day in u.s. history. >> it absolutely, is and if you're talking about this from the perspective everyone saying hold on. none of this says russian collusion happened. none of this is actually about russian collusion. well, that is quite the distractor that's trying to fuel the narrative from the president. in reality, these cases all came out o...

>> he spent eight months of home confinement, five years of probation. it was on the scale of public corruption prosecutions in the southern district. it was relatively minor which makes it all the more remarkable in some way that donald trump has never met the guy, he apparently called him last night and spoke to him for the first time. he didn't go through the normal procedures. and so this is just aside from the message that we'll talk about in a minute i'm sure, this is also just another effort of donald trump to undermine the general practices, policies, and regulations of the department ...

Corruption prosecutions in the southern district. it was relatively minor which makes it all the more remarkable in some way that donald trump has never met the guy, he apparently called him last night and spoke to him for the first time. he didn't go through the normal procedures. and so this is just aside from the message that we'll talk about in a minute i'm sure, this is also just another effort of donald trump to undermine the general practices, policies, and regulations of the department of justice it is trying to cut the legs out of the department of justice. >> as a former corruption p...

In the cost of living is so high on long island that they will probably just be figuring out how to get the kids to college and how to be able to afford retirement. when you would take away that deduction from them, their taxes would go up by thousands of dollars. >> who's paying for that deduction? it's the states that don't have an economy income tax. you're asking for the subsidy from other people who earn even less. i agree with you on lowering taxes but why should other people pay for the earn less than people in your district. >> i was a corruption prosecutor for the department of justic...

High on long island that they will probably just be figuring out how to get the kids to college and how to be able to afford retirement. when you would take away that deduction from them, their taxes would go up by thousands of dollars. >> who's paying for that deduction? it's the states that don't have an economy income tax. you're asking for the subsidy from other people who earn even less. i agree with you on lowering taxes but why should other people pay for the earn less than people in your district. >> i was a corruption prosecutor for the department of justice before i do this and i cer...