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

American people a full repeal of obamacare. >> this is not that. >> this is not even close to a full repeal. so you're going to have the same dynamics at play in the senate where i think you have less of a political imperative to move fast. so the speaker of the house thought the president of the united states demanded they do this in the house now because he wanted a trophy. here's the question, is it a participation trophy or do they get the final trophy? >> that's obviously the big question. i would argue not to be too cynical about it that they're trying to push this through because once t...

Have lower taxes today but they know that tax rate is going up later, they won't spend as much money. that does -- brian: need the 60 votes in the senate, right? >> need the 60 votes in the senate or do it reconciliation but it has to be deficit neutral. ainsley: where you need 51. >> thretiond needles here. ainsley: does make competitive with china. china's rate is 15%. if we want to keep corporations here. >> our corporate rate is very high right now. if we lower it and it's permanent and businesses can plan on that for the future -- ainsley: they will stay here. >> they will stay here and s...

Deficit neutral. the question will be if you substantially lower rates how do you pay for it? that's something we expect to hear a lot about in the weeks ahead. bottom line a lot of positive energy here on capitol hill. excited the president is weighing in on one of their key legislative priorities. >> bill: always interesting to see them walk so fast through those hallways. i don't know if they try to avoid you or have a lot to do. the latest on the efforts to revive healthcare reform and funding the government back in the news yet again, mike. what have you uncovered? >> well, we saw new lan...

Lower rates on individual americans and on the business community as well. and i would like to try to attract profits from abroad back to this country and i think an analysis will indicate that is possible. i certainly want to see the details and from the perspective of the district i serve, steve, in new jersey, i would milike t preserve the deduction of local taxes because as you know, we have very high property taxes in new jersey. >> right. right now also in this bluepr t blueprint, state, local tax deduction, that could go away under this blueprint. let me ask you the big picture question...

Filibuster, it has to be deficit neutral. we have to have deficit neutral tax reform. 20% we know is deficit neutral. 20% gets us there. 15% isn't deficit neutral. >> and so, david, all that translates to is if you cut the corporate rate that low, you're going to lose tax revenue to such a degree that procedurally you won't be allowed to use the 50 vote strategy in the senate. >> that's right. and tax reform is no easier than health care. listen, the travel ban was a lie. health care for all was a lie. the building the wall in mexico, paying for it is a lie. tax reform is a lie. and here is --...