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Detailed text transcripts for TV channel - MSNBC - 20190517:13:42:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20190517:13:42:00

15 million elderly americans rely on social security and they can fall below the poverty line. ie, this is our problem. so former national director for the national economic council ie the president's economist, gary cohn and former north dakota senator heidi heitkamp decided to ask the next generation for a fix in the form of a competition. gary joined us last month to tell us about the competition and now he is back. welcome with the winners from the harvard kennedy school of government, roy lu and anthony pasco. gary, again, thank you for doing this. i've got to go to the winners first. loy...

Detailed text transcripts for TV channel - MSNBC - 20190517:13:44:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20190517:13:44:00

Based on a solution mathematically sound, one ha made sense, but most importantly, one that was politically doable. what anthony and roy have come up with that. they've come up with something that's mathematically sound and very doable. if you listen to what roy said and anthony worked on, they're basically cutting taxes. 95% of americans. >> we love a tax cut. >> 95% of americans will actually pay less into the social security system. that's got to be a winner there. so the top 5% of earners will pay more because they're removing the cap where you pay social security and including more income...

Detailed text transcripts for TV channel - MSNBC - 20190517:13:46:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20190517:13:46:00

Problem. >> right. i definitely think that young people today have skin in the game in terms of social security. if we just think about the millennial generation more live with their parents longer. what they are going to need when this he retire in the future is something like social security. they're not going to have as many pensions. they might not have the home equity because prices are so high. because it's a problem that affects us now and moving forward, a lot of young people are interested. >> do you think congress is diagnose going to take this idea. >> i think so. as the a bipartisa...