Page 6 - Deficit Increase News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This conversation. >> so let's introduce him. gene sperling. he worked as assistant to the president for economic policy under bill clinton and barack obama. gene, i realize we still have limited information. but from what you've read and learned so far, what sticks out to you most? >> i think one of the things that should stick out to everybody the most is let's remember how this started. it's extraordinary. they said they were going to plan a bill that was going to increase the deficit and debt by $1.5 trillion. i never saw that in my 25 years. and they really can't make it work. they can't ...

Years. it's a thing about which conservatives have been complaining as long as i can remember. so if they do have a deficit increase, it's going to be more than bob corker. a lot of republicans won't like it. >> absolutely. mike pence got his start a decade ago fighting george w. bush on these very issues. so you have something inside the administration, the vice president himself who is a fiscal hawk. it's a key question right now. as you said, it's a huge leverage point. it won't just be corker. there will be a lot of conservatives concerned about this. >> shepard: let's say you make $75,000...

Make this and -- we don't know. there's no way to know. why aren't they releasing the details? >> well, they're in negotiations right now. you have the president who is the art of the deal, an entire congressional body that does deal making. i'll be honest, i think also is they just don't know. mike was sayinger earlier, they don't know how to balance the steak against the vegetables. you have to make up the deficit that you're creating here. you have a lot of folks, corker being one of them, saying they don't want to add to the deficit at all. so there's so many moving pieces. this deadline t...

Mcconnell is out and many feel he should have resigned already. they get to into the mid-terms way record of accomplishments, they need to. >> what graham said about the republican party. let's play it. >> if we don't cut taxes and we don't eventually repeal and replace obamacare, then we're going to lose across the board in the house in 2018, and all of my colleagues running in primaries in 2018 are probably going to get beat. the end of mitch mcconnell as we know it. >> to your point, making the same point steve bannon is making, however, the problem. started with let's cut taxes. there are ...

Act. he promised a huge tax cut, one that would cause a sort of reshaping of the tax landscape. i was hoping for the postcard size tax return. apparently that will be the case for many americans but not for all of us. do i like everything in there? no. do i like the concept, the principal of a huge tax cut so as to regenerate the economy? absolutely. do i think it will pass? yes. i think even my small government bodies in congress, particularly in the house who do not want to be the deficit increase will vote for this tax. >> bret: the freedom caucus has already kind of sign-on. speak of the p...