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They elected republicans. not me, chris, the american people. >> fiscal austeritausterity. >> cutting spending elsewhere which i'm for and for cutting taxes and letting families keep more of their hard-earned money. that's what we campaigned on. those were certainly central issues in the campaign. why shouldn't we, now that we're in office, make those things happen in public policy. after all, i think that's what you're supposed to do, keep your word with the voters that elected you. >> keep your word but you want to do things the right way. if you want to cut the deficit, how are you going to...

About. the most important thing is that we are having this conversation again after having had the conversations around the wreck of 188 outside of philadelphia, outside of incidents like the lakmagantic train wreck in quebec, canada, a few years ago. in each of these cases, where are fundamental structural and policy driven, risky decisions that we need to take up. >> such as positive train control and the fact that now just 24% of passenger railroads use this technology? >> ptc is a great tool and i can tell you as a high speed locomotive engineer that we appreciate any kind of tools that ar...

Going to happen when we go from one of the highest corporation tax rates in the world to a corporate tax rate that's competitive again, that brings capital from overseas back to the united states economy. that really creates a disincentive for offshoring intellectual property and offshoring other key corporate assets. >> you have a situation where a lot of this benefits commercial real estate. and the president obviously is somebody whose family he himself has made his name and his fortune on commercial real estate. his family continues to operate in that sphere. there is one analysis that say...

But when you have more than half the people in multiple polls and in some cases probably close to three quarters of people who are either opposed to this or think it's not going to help them, is it going to have a political cost? >> i think it's going to be great for republicans because i think that through a combination of -- the bill was passed in a really bad way. the republicans have not figured out how to legislate. i think it's a good bill. i know that it cuts taxes for 70% of americans a cording to the tax policy center, a liberal group, only 5% of americans get a tax hike. and that -- ...

And wealthy individuals. >> look, i would just say as well, social insurance programs are not popular among conservatives but they're popular among the country at large. i think what this bill does is say look, we cannot win the battle on cutting social insurance to balance the budget and get rid of deficits so instead we'll just do those tax cuts anyway and run up a bigger deficit because we can't win the politics battle on cutting social security. >> the president has maintained publicly that under this tax bill, his family will pay more. experts say he stands to benefit from the plan. in fa...