Page 2 - Programs Cut News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Programs cut, period. no programs cut. >> no cuts on anything of the $3.5 trillion? >> no cuts of programs, but we are willing to say, if we have to cut years on some of the programs to make this work, then okay. there may be some areas that instead of being a ten-year investment can be five years or seven years or eight years. we're willing to do that. but don't cut our programs. how do you tell that person working nin the child care center, no, not you, you wait. you wait until whenever. we don't know when this will come around, but we want the money to be there to pay for the folks that are...

And there are no jobs that coincide with the school schedule. they're not giving me a two-week vacation come spring break. >> exactly. so those are band-aids. we appreciate and we celebrate the band-aids because as you know the united states lags far behind other developed countries in terms of the amount of leave it gives families. it's very true what we need are public policies that allow for affordable child care for working families across the board. we also need businesses, we need organizations that really care about performance over the amount of time that you're putting in and create f...

Magnitude, the federal reserve would welcome that. but it would be challenging to achieve numbers like that. >> it's not impossible. the economy is a dynamic thing when people start to feel good about it as many do right now, you start to see the stock market go up, people who were not engaged in the workforce trying to get back into the workforce, businesses making investments. it all comes back to demand. we are a demand driven economy. factories build and expand. >> ali, this is hard cuts and on the other side a lot of hope. >> that's right. >> and the one thing you do want to point out, re...

Argument for a fundamental tax reform that does go from 35% to 25% while also focusing on the individual side, on some of those demand-side tax cuts. they don't do that on the individual side. they don't pay for it. you could do a revenue neutral corporate tax reform plan, better for growth, better for individuals. that's not what this is. >> but what about not just the blue states you were talking about. there's a lot of people in red states that care about the budget. they care about programs that they are dependent on. and if we jack up our deficit, we're going to have programs cut. doesn't...

Deductions. this is also -- let's just talk about how it affects the poor. with people whose incomes are below the standard deduction, $12,000 for an individual or $24,000 for a couple, most of them will see no change at all. some people in the lower income range will see no benefit or no disadvantage. but fundamentally, the middle class, you're right, it's not a giveaway to everybody. >> if the deficit soars, we're going to see programs cut, programs that serve the poor. carried interest is something that benefits private equity firms, real estate moguls like president trump or hedge funds. p...