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Detailed text transcripts for TV channel - MSNBC - 20171117:20:43:00

For more i brick in kevin hassett, and under president trump, you just saw him at the white house press briefing. that was your maiden briefing, kevin. it was. probably my last, right? no, no. you didn t ask for the job but won t get invited back unless you have a little hostility. you were nice and smiling. i can t believe you said that, ali. ridiculous. thank you. i m glad. a few things to ask you. one of questions you got a few times, that i didn t find entirely satisfying. i ll try it again here. is why are the tax cuts to people temporary and the tax cuts to corporations permanent? i totally get it s a mathemat mathematical slieight of hand t get the legislation through but journalist to economist, why would that be good? right. well, it would not be good in the sense that if you have permanent tax cuts, permanent tax cuts will have a higher economic growth effect for the most part than temporary ones. ....

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Detailed text transcripts for TV channel - MSNBC - 20171117:20:23:00

Trillion and a deficit and says this is basically paraphrasing the tweet, he says, it basically doesn t justify that cost for 100 million households for a tax increase? i respect gene a great deal and consider him a friend and disagree with him about that. i m sure we ll have a chance to talk about that. but here s the way i think about it and what i would say to gene if he was here. if you look at the joint tax committee score in the tenth year they say the tax bill cost about $170 billion. look at the cbo projection and gdp, in the tenth year, gdp, $28 trillion. the amount of deficit talking relative to gdp in the tenth year, it doesn t take a lot of economic growth to cover that hole by the tenth year. the idea that right now we have the highest corporate tax on earth. generating almost no revenue because people avoid the tax moving factories to ireland. if we fix that, repair it, make the u.s. an attractive place again it s going to blow a hole ....

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Detailed text transcripts for TV channel - MSNBC - 20171117:20:11:00

Job-killing actions, americans feel their goals are attainable. a reminder what made our country unique to begin with. our people have always been able to visualize the future for themselves and children and make it a reality. that s why it s called the american dream. this tax plan will make it more attainable for more of our people than ever before. for this to happen we need economic growth making it possible for businesses to create jobs and raise wages. i ve invited kevin hassett, chairman of the council of economic advisers to join us today. they will say a few words and then take some questions and as always i will come back up to take the rest of the questions after that, which i am sure will all be on tax reform. with that i turn it over to kevin. thanks, susan. last week, i had the honor chairing the economic policy meeting in paris, and the economic policy committee is one ....

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Detailed text transcripts for TV channel - MSNBC - 20171117:20:50:00

Insomething that increases for firms driving markets up. after hugh and i talked about it i looked. there s a website called predict it. they have a betting market whether the tax bill will pass and looks like the oddspass. the odds in the betting market this morning were still pretty low. and so if that s what the market is expect, it suggests there s a lot of up side if this bill becomes law. the danger is fully half of all americans aren t invested in the stock market. so the president loves to tout the success of the stock market. as do i, by the way. i m glad it s been i don t know how many months of 150 months of straight growth, relatively constant growth in the stock market. we ll probably end the week on a down note. it s been up under president trump. but it does speak to the problem that you and washington and me in new york have about understanding the country because so much of it doesn t depend on growth in the stock market. but the stock market includes a lot of ....

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Detailed text transcripts for TV channel - MSNBC - 20171117:20:27:00

And that is going to be measurable over time. going to be a means by which the dynamics scores, status scoring answers that question. since it s on the mind of some are your undecided republican senators, is this administration willing to commit to a review five years in to see if the growth models are upheld along your lines and deficit implications aren t as large. if they aren t, re-assess the tax cuts in order not to blow a hole in the deficit? i haven t discussed with the president, i don t think sarah has, what we re willing to commit in in terms what we do five years from now. let me talk about what we can be clear about today. which is that as the president came into office, the president s opponents were saying that 2% growth was inevitable. we were stuck in secular stagnation. the president s policies couldn t deliver 3% growth, a cockamamie idea to assert it. two quarters in a row 2% growth. ....

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