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Administration. okay. if we re serious about addressing this debt issue or serious about addressing a deficit issue, we have to address the primary drivers of the u.s. debt ratio, which are the 2017 trump tax cuts, including tax cuts on things like yachts and private jets. and in order for there to be any sort of claim to a negotiation, there has to be a give and take. and right now what kevin mccarthy and the republican party are doing is only going further and further to the right and more and more extreme in their proposals. and that it is actually their refusal to negotiate despite there being conversations that is contributing to this situation. so am i hearing you i think right now the focus needs to am i hearing you say that you believe that tax increases, rolling back perhaps the tax cuts from 2017, needs to be part of the deal? if there is not a clean debt ....
Reduce the debt ratio, offers on how to address the deficit, and the white house has offered revenue raiser s. that is not too unlike what we saw happened during the obama administration. they said, okay, if we are serious about addressing that issue, or serious about addressing a deficit issue, we have to address the primary drivers of the u. s. debt ratio, which are the 2017 trump tax cuts, including tax cuts on things like yachts and private jets. in order for there to be any sort of claim to a negotiation, there has to be a give and take. right now, what kevin mccarthy and republican parties are doing is only going further and further to the right, and more and more extreme in their proposals. that, it is actually their refusal to negotiate despite there being conversations that ....
These utility rates. the markets collapsed even with this news. the pound fell too another, what, four-decade low. so she s having a tough time winning them over on the traditional things that conservatives run to to sort of give the economy a boost. what did you make of that? well, the problem is deficit that is going to continue to grow, neil. yes, tax cuts announced, there were caps on energy bills announced. there was some who herald this as a new dawn in the u.k., it s just not the case. the problem is the fundamentals means the deficit s going to grow. that that is why we saw the pound slaps and why we re going to see pound-dollar parity. i think it s a lesson here when we think about what is the trajectory for the u.s. economy, we re looking at recession talk getting louder. but we you have this problem. the u.s. is also facing a deficit issue neil: yeah, only so much you can do can. guys, i m jurying on you, but we re following developments at the border and particularly ....
Suggest. we re working aggressively in five different areas. those include reducing energy costs, reducing transportation logistics snarl-ups in the supply chain, reducing kitchen table costs, reducing the budget deficit. the president was stating facts there and increasing labor supplies. each of those are agenda items that we re focused on to help household budgets. martha: the white house headline the wall street journal headline says that inflation stays in the heights. the combination of blow-out spending and easy money is punishing workers. we had a 1.9 trillion covid relief bill. some say when you look at the deficit issue, one of the reasons it would come back when you start to back off the covid spending and that that is actually what is happening, it s not sort of, you know, a big achievement. it s the natural course of ....
Cuts, on average 2,000 to 2,500 dollars per family bringing almost 1 trillion dollars back home to our shores. what s happening you couldn t get the money, the big companies they couldn t get their money back. eric: the president of course boasting about the economy and the good condition that we are in. he said the magic word tax cuts. there s discussion today that the white house may roll out some tax cuts for the election year, for the 2020 election. do you expect that? what do you think? i don t think we will see a tax cut in 2020. i think we will see a lot of talk about a tax cut. i don t think a tax cut can get passed. the last tax cut was really a deficit spent tax cut. we had a tax cut that caused a deficit of over a trillion dollars. although i m for tax reform, i m not really sure we saw a great trickle down economy happening. eric: do you think we can get a handle on that deficit? we haven t heard about the deficit issue for a while. you know, i feel sometimes i m to the ....