Until election day. I have read it to you do not have to. It has plans for every aspect of the federal government, mostly shrinking it except where it allows the government to control the lives of the citizens. And then there's this other part about cutting taxes for corporations and the wealthiest. Today center for american progress released an analysis of what project 2025 tax plan would actually look like for america's bank accounts it trump enacted it. Top lines are amazing. According to them, the tax plan would cut taxes for households making more than $10 million a year. By an average of $2. 4 million a year. That's great news for the hyper wealthy. What about the rest of america? this is a visualization of the added tax burden for a middle class a married couple with two children under plan. Families by that description that make $35,000 a year and $170,000 a year would all see taxes go up. For example a married couple making $80,000 a year would see nearly $2000 more in federal taxes per year. And the ultrawealthy getting a tax cut. The same is true for single americans. Every american making between $17,000 and $85,000 a year would see taxes go up. Is a very good reason that donald trump claims to have nothing to do with project 2025 every time he's asked. Compare the nonsense in here to vice president harris his tax proposal. It's a continuation of the promise that nobody making less than $400,000 a year would have their taxes go up at all. That is a key part of the tax proposal. It's not just income taxes. We import a lot of things in america. Here is donald trump's plan to deal with that. Where going to have 10 to 20% tariffs on foreign countries that have been ripping us off for years. We are going to charge them 10 to 20%. That is knucklehead stuff. Not only will he impose a tariff on imports broadly, but he says specifically he will impose a 60% or higher tier of on all imports from china. He's trying to sell that is another way that he's putting america first, but the center for american progress crunched the numbers and the reality is that this plan does not shift the burden to china as he would like to say. Anyone with a third grade education understands when you put a tariff on imports, it shifts the burden to the consumer. If he puts a 10% tariff and a 60% tariff on goods from china, it would cost the average middleclass american family an extra $2500 a year just to buy the same goods they are already buying now. If you chose to go more extreme and implemented a 20% tariff on countries that would cause the middleclass family $3900 a year for exactly the same goods they are buying now. Whether it is in tax code changes or tariffs, these plans are major tax cuts for the rich and huge tax burdens for the middleclass. Paying more for what you already by is the textbook definition of inflation, something we've been trying successfully to tackle since the pandemic. Trump wants to impose inflation upon us as soon as he gets into office. Meanwhile, here is kamala harris his plans. Eliminate medical debt for millions of americans. A ban on price gouging, a cap on prescription drugs, a $25,000 subsidy for firsttime homebuyers and a revival of the child tax credit. The last one. That is huge. You might remember the expanse in the child tax credit that was part of the american rescue plan. It cut child poverty by 46%. Those expanded tax credits only lasted for 6 months and then they disappeared. Despite the good that they did plunging many american children in the richest country into the world into poverty. Harris wants to bring those back and increase the amount that parents get for the first year of the child's life, which is the most important. You may be thinking it sounds great, but how do we pay for it? that is where harrison trumps economic plans really flipped the script. Republicans have sold themselves as the party of the school responsibility is democrats irresponsibly overspending. According to nonpartisan estimates, harrises proposing to spend about $2 trillion of the next decade while raising about 5 trillion in tax revenues. It puts her plan $3 trillion in the green all without raising the taxes of anyone making less than $400,000 a year. Now let's look at the right side. Trump's plans calls for 5 trillion in tax breaks and only raising about 3 trillion in tariffs. The term for that is upside down pineapple cake. It means trump white house would put the country $2 trillion in the red and cutting the taxes the ultrawealthy and increasing the burden on americans by adding tariffs to imported goods. The question now is how much of these very different economic divisions will reach the voters by november, and what economic messages will resonate with them? yesterday the here is campaign launched an ad and it looks like they are betting that one part of the economic vision that will connect with voters are her plans on housing. Most of my childhood we were renters. My mother saved for a decade to buy a home. I was a teenager when that day finally came and i can remember how excited she was. I know what homeownership means and sadly right now it is out of reach for far too many american families. During the foreclosure crisis i took on banks who exploited people in the housing market, and today corporate landlords get hundreds of houses and apartments and turn them around and rent them out at extremely high prices. I will fight for law that cracks down on these practices and we will and america's housing shortage by building 3 million new homes and rentals. We should be doing everything we can to make it more affordable to buy home not less. Joining me now is tina smith of minnesota. She's the chair of the subcommittee on housing and community development that oversees all federal housing and transit programs. Thank you for being year. It's great to be with you. There are a lot of things in the economy that are transient. You can do various things including fighting inflation or fixing a recession. Housing is everything. It's an infrastructure problem and a government activity. This is the thing that people feel holds them back. Young people in good jobs who have no likelihood of being able to on a house in america. That is exactly right. Americans are trying to figure out how to afford their lives. One of the biggest issues is can they afford the rent or the mortgage or realizing the american dream of buying their own home. And the reason we have a struggle is we have a significant housing shortage in our country. It started in the foreclosure crisis of 2008 when construction collapsed. And we've never really caught up. What i admire about what vice president harris and governor walz are proposing is a practical and very realistic proposals for how to get at this by boosting housing supply and sitting a goal, as you laid out, of building 3 million new apartments and houses over the next five years, and then, getting after corporate landlords who swoop in and buy up homes and turn them into rentals and jack up the prices and not maintain them and having a huge impact on communities in places like atlanta, i think 40% of the homes are being bought up by these big corporations. And it's reducing opportunity for everyone. They laid out a good plan in comparison donald trump, as a convicted criminal, was sued for housing discrimination. He did nothing about this when he was president. We talk about inflation, a lot of prices have come down, but when you add housing to that, whether it's on affordability or rent, there are people where i say inflation has come down a lot since the pandemic and they say, do see my rent? so forget the idea that there are people of owning a home is escaping them, but the rental issue is very serious because you're stuck renting if you are a homeowner and it's hard you cannot find an affordable place. When you're not building enough supply in order to meet the demand, prices will go up and that's what we are seeing. In my hometown of minneapolis, where they've made zoning changes so it's easier to build apartments and build more houses, we've seen a lower inflation rate overall because we are getting on top of this housing supply problem. This is something we can do across the country and that's what vice president harris is laying out her proposal. The median price of a singlefamily home in america, the price that has a higher and lower is 495,000. 77% of households could not possibly afford to live in the home in america. That is exactly right. The dream of owning your own home is part of the american dream and part of the way you can build wealth in this country. We also know that that dream has not been available to everyone. The long legacy of redlining has limited opportunity for people and that's why it's important we have a comprehensive plan like vice president harris has laid out to get at this. And make that dream available to everyone in this country. One interesting thing about minnesota is it has done some of these things with housing and the child tax credit and done it with all these things we learned about your state the last few weeks. And it still a business friendly state. If you do those things, businesses will run from your state is not true in minnesota. I will tell you i travel all over minnesota all the time. And what business people tell me is one of the limiting factors that they face is they are trying to recruit talent, especially in small towns and rural communities because there's no place for people to live. How can you recruit a family to work in your company when they can't find a good place to live? it's very much part of the business strategy in minnesota to have housing that is affordable and childcare and paid family and medical leave and other things that the governor has accomplished that make it a very business friendly and strong economy state. I want to ask you this. The idea of providing people with money for down payment makes sense. But in a housing shortage environment, could that caused more housing inflation because now you have people who are going to buy the limited supply of housing. Truly, this is why it's important we have a comprehensive plan. If you only provided support for down payment assistance and you didn't get after the fundamental problem of not having enough supply, then you would have a problem. But for hopeful is comprehensive. You have to get the root problem of supply and is complicated. You have to have better tax incentives for private developers and you need to create more innovative opportunities for local communities to build housing that's not totally built off the profit. You need to have zoning laws you can build duplexes and communities and do that more affordably so buildings can get built. You have to have that comprehensive approach. Thank you for joining us. She's a democratic senator from minnesota. We appreciate your time. We have a lot to get to, including a normal thing for donald trump to do. Is selling pieces of the suit he wore while debating joe biden. The supreme court sent special counsel jack smith back to the drawing board, and now he's back with a brandnew criminal indictment of donald trump. We will talk about that next. . But i couldn't find pilates anywhere. So i started my own studio. And with the right help, i can make this place i love even better. Earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. Summer. It's the hungriest time of year for kids across america. Kids whose hardworking families are struggling to make ends meet. Whether it's working the crazy hours so you can have enough money for food or, you know, just giving up things for your personal self, and it's just yeah, gotta feed your kids. Far too many kids are missing the meals they need this summer. That's why i'm here now asking you to join me in helping end child hunger in america for just $0. 63 a day. That's only $19 a month. You can help provide healthy meals to power kids through their days. 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Smith edits out some of his actions included in the original indictment actions that occurred in the oval office and they were moved jeffery clark as an unindicted coconspirator altogether. But one thing that has not changed. The charges. It charges trump with the same format criminal counts. So what is different? joining me now is the former acting security general. Good to see you. I need you to tell me what is different and what is the same and what is happened? as you just indicating, with the doj has done through special counsel jack smith is trying to bring this indictment into conformity with what they can glean from the supreme court's decision on immunity. So they focused on the areas where the supreme court provided some guidance. For example, they got rid of any kind of allegations involving the former president communications with his own justice department or zone executive branch because the supreme court said that is within his constitutional authority and he's immune from that. For other areas such as his pressure on vice president pence, his pressure on state legislators and his statements to the public, they eliminated things and they added some things. They focused on the fact that the allegations involving mike pence involve him in his role as president of the senate, which is an article run that is not an executive branch article to say when he's pressuring mike pence about the certification of the electoral college, he's doing it while mike pence is in the role outside the executive branch and is a role that the president had no official responsibility for. Similarly, they make clear that trump was acting as a candidate and not a president. And some of his interactions with state legislators and state officials and his getting behind the fraudulent elector scheme. And with his tweets and public statements. They say these were done in his personal capacity where he's a candidate and they always refer to the january 6th speech as a campaign speech and made clear was privately funded and privately organized. These are all things to put them on the side of unofficial acts or rebutting presumptive immunity of official acts as the spring court outline. Is a former acting assistant attorney general, talk me talk to me about how this case proceeds and doesn't become a got endless interpretations of the decision about official acts as opposed to the underlying matter. I can see trump's defense calling litigating all that stuff whether it was official or not because that's their best chance of success. Ordinarily you would kind of take the indictment, and this time the superseding indictment was returned by new grand jury. They heard it all over so there's no taint from the previous one and you would normally look to those allegations and assert and accept those. But this is a different world because were talking about immunity of the former president after we have a supreme court decision. We will know more when they submitted joint proposal to the district court judge and they're supposed to be proposing next steps. But mr. Trump will try to argue that these things, these changes that jack smith made in the new indictment do not eliminate the problem of official and unofficial and they will want to file legal briefs. What they will not want to do is have evidence on that and jack smith might say, for some of these things if he's contesting them, we might need evidence. What we will hear about on friday is called a joint status report. Is there some sense that trump seem at least agrees that this new set of indictments is cleansed of the things that the supreme court said that we don't have any insight into that? i have not heard of any statements coming from trump's legal team or from his campaign , but i've not looked for campaign statements. I would be surprised based on the way they've litigated all his other criminal and civil cases. I wouldn't be surprised if they agree to very much. They will agree that things were narrowed and it was good that smith eliminated the entire section of the indictment that relies on the pressure of his own doj and attorney general, but they will seek to argue about some of these other areas and i think it's likely the judge will have legal briefing on that before she makes any decisions about whether any kind of factual development the evidence is necessary. Trump has said that the witch hunt is back in whatever it is he talks about. But he said this is against the doj and their own office of legal counsel direction by virtue of the fact it's within 60 days of voting. It is 60 days of some people voting. Where does that go? trump's team pulls a lot of things out of a hat. This was an ongoing case. This is not a new action being taken to bring charges for the first time or to take an investigative step and a taste in a case that has not been charged and do so within 60 days of early voting. The 60 day rule is not actually a rule. It's a norm and a practice. The rule is you don't take any affirmative overt action in an investigation that could be perceived to be done to put the thumb on the scale of an election. So by default that's kind of a 60 day type of norm. But here this is not the first time he's being charged. This is just a modification of charges that of been out there for more than a year. He's going to say that, but there's no merit. Thank you for joining us and making it more clear. She's the cohost of prosecuting donald trump podcast. Nothing to see here. George conway is joining me next. Going to kick in? you need astepro. Astepro? it's faster, bro. 8x faster than flonase. It's faster, bro! it's faster, bro! it's faster, bro! it's mom to you. Astepro starts working in 30 minutes. Astepro and go! in fifth grade, i lost my front teeth. I was devastated. After dentures and fixodent, i can smile to anybody. I confidently teach and compete in karate. I'm proud showing people my smile. Unnecessary action hero. . . The nemesis. Showing people it appears that despite my sinister efforts, employees are still managing their own hr and payroll. 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Trump is selling trading cards of himself. They are $99 each. If you buy 15 of them for $1400, you get a physical one and a piece of his suit. His campaign named robert f. Kennedy jr. And tulsi gabbard to his transition team. George, that is something. $1500. And you can get a piece of his suit from the debate. It leaves me speechless. I mean, that is who he is. He's a scam artist. He's in it for himself and the graft. He has no dignity and no honor and he's just scamming the public like has been for years. That is trump basically he doesn't seem to have any idea what to do in the campaign. He's not running against joe biden anymore and he wishes he were. 's campaign staff wants to mute him between questions during the debate. He's just flailing and now he's busy distracting himself by selling thesis pieces of fabric. It's a great campaign strategy. Keep going with that. Tell me about tulsi gabbard getting a key role and rfk jr. What is that? there are a bunch of republicans who for the last several years have been supporting anyone who's not donald trump and with the ascension of kamala harris, is this his version of that that i people that identified as democrats supporting me? because neither one of them have been associated with democrats for sometime. I guess so. I mean, if he thinks it helps to have someone who's recently disclosed to have taken off the head of a whale and put it on the roof of his car and tossing a beer cup and central park and if he thinks that is good for his campaign, i'm all for 70 more days of this. If you were writing a script, they would reject this. No hollywood producer would take this and no studio. I'm not even sure i believe what i'm hearing. We were having a discussion about the reworked indictment. Jack smith has reworked it because he's trying to be in compliance with the supreme court about official acts by presidents. What you make of it? i mean, i agree with your discussion. They've streamlined the case and taken out the things that the supreme court basically throughout. The conversations with the justice department. I don't think they needed to get a guilty verdict on the charges that they brought. The fall selector scheme and the attempt to pressure vice president pence, who was not acting in an executive capacity. That is more than sufficient to put him away for number of years. And ultimately there might be more satellite litigation going up and down to refine what is in balance and what is not in balance. At the end of the day, those charges, there will be a core set of allegations that will pass muster because they do not involve his official acts as the superseding indictment points out. The january 6th rally was privately funded. It was a campaign action and was not an official act. His expectations were not official. The lying and submitting a false electors those were not official. Those were the acts of a corrupt candidate. At the end of the day, if he's not elected president in november, this case will go to trial and he will be found guilty and there will be sufficient evidence that's not within the realm of the official duty that will suffice for a jury verdict. The citizen has bad stuff to look forward to. Michael sparks, the first one to enter the capital was sentenced to four years in prison. He said he was remorseful but said the election was marred with fraud. And you can do what you want about the election but you can't actually try to overturn it. In arizona the fake electors are trying to get charges dismissed. In michigan six are facing charges have been renominated by the republican party to be electors this year. So in places like michigan an arizona in pennsylvania, the republican party is going down the road you're recommending. If this is how you want to campaign, knock yourselves out. It's completely self destructive. And it's insane. They are doubling down on everything that the court to projected and that voters have rejected in the midterms. I mean, they're just following donald trump over a cliff. It is sad to see that happened to the gop, but maybe some good will come out of it someday when there has to be a new party. You think it has to burn to the ground. The republican party is so dysfunctional and it is an anti american party. It's a delusional antiamerican party and we need a solid center right party in this democracy when you have a two party system and one that so i think we need a new party is something to take the place of the republican party which is rotting and disappearing. This will be confounded by trump loses the election, and i expect he will. He's turned the rnc into his campaign. And his family. Good to see you. He's a contributor at the atlantic. We have more to get to, including the ceasefire negotiations to end the war in gaza. Has any progress actually been made? don't mind me. 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According to the times, israel and hamas remain far apart on several critical issues. Joining me now is the former deputy national security advisor to barack obama thank you, my friend, for being with us today. I don't know how many times we've had a conversation that sounds like this over the last several months only to be foiled by the fact that there's not meaningful progress in their protagonist in this, including benjamin netanyahu and the guy in charge of hamas, yes and more who don't want to end this war. Netanyahu does not want to agree to a ceasefire that ends this war and maybe he will take something shortterm in terms of how much freedom of movement there is for palestinians and israelis having full control and resume the war after few weeks. That's the kind of proposal we hear from conversations that he might be okay with. And the leader of hamas won't agree to anything that doesn't completely end the war. That is a big distance. The reality is it's been the distance the entire time. You are right. I agree. That has been the distance since we've started. I guess what's the point at which the ceasefire or the value and benefit of a cease fire at the encouragement of the allies outweighs that problem that you just articulated? i think it's a trap of a problem that's bleeding into policy. First of all, it was described by joe biden as an israeli proposal three months ago and it was never described as an israeli proposal. There's something strange words only the u. S. That has been asserting this is an israeli proposal and maybe negotiators are open to this, but as long as the prime minister of israel is not, you will have a hard time ending the war unless the u. S. Makes a ceasefire and ending it and objective in and of itself in other words, we will use leverage on israel through the arms provisions and perhaps tried to muscle this into a ceasefire. The other concern i have is that there's so much discussion around this ceasefire and all the drama and the talks that lead to the same outcome that the bigger questions of what happens in gaza three months or six months from now? who will be in charge and will be israelis have full security responsibility? how will it be rebuilt? these are bigger questions to get it how you actually end the war in ways that can meet israel's security concerns and help to rebuild and help the palestinians get the kind of dignity and selfdetermination, harris talked about in her speech. Those questions have been pushed aside when even if you cheat the ceasefire, you don't resolve any of the big questions. There has to be a step back. You could stop it from getting worse in the immediate future, but gaza needs to be rebuilt and people need to be fed and not get polio. Your points about kamala harris. She has used language that she might do something differently than joe biden. But as you pointed out, she still a member of this administration until she is not. What space does she have and what motivation does she have to do something different than joe biden has? she has space to play out different policy proposals. Has the incentive to do is set a different tone. Even in that speech you heard an equal amount of time. That has not always been the case. You also heard important words like the need to work for dignity. That means the ability not to just have the war end but also have them not living in mass poverty. You heard her say self determination. And then ultimately running their own state. She gave some signals. There are other things she could do. Then restrictions on military assistance going to certain units. The statements of intent and policy. Fits with her perspective of someone that is focused on law. Ultimately i don't think she can lay out a 10 point plan far off from where joe biden is. She can indicate the values and priorities i'm going to bring in here is the different tone i might set. 's stick around, we will take a quick break. Volodymyr zelenskyy's plan to end the war, we will talk about what is in the plan and how he expects to get the united states on board, when we come back. What? the host is coming back. (♪♪) [birds chirping] [phone dings] meanwhile, at a vrbo. . . Oh my god. What? i got onekeycash on this house. Hmm. . . [water flowing] hmm. . . When other vacation rentals throw curveballs, try one that gives rewards. We realize some home maintenance jobs aren't worth the risk. That's when we call leaffilter to protect our gutters. Leaffilter's patented filter technology keeps debris out of your gutters for good, guaranteed. Call 833 leaffilter or visit leaffilter. Com if you have heart failure, farxiga can help you keep living life with the ones you love. Ask your doctor about farxiga today. 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Switch to reliable comcast business internet with security and get started for $49. 99 a month. Plus ask how to get up to a $500 prepaid card. Call today! why do couples choose a sleep number smart bed? can it keep me warm when i'm cold? wait, no, i'm always hot. Sleep number does that. Can i make myside softer? i like myside firmer. Sleep number does that. Your ideal firmness and effortless comfort, all night. Can it help us sleep better and better? please? sleep number does that. 9 out of 10 couples report better sleep. During our biggest sale of the year, the queen sleep number c2 smart bed is only $999. Plus get free delivery when you add any base. Shop now at a sleep number store near you. During a press during a press conference today, volodymyr zelenskyy told reporters that the ukrainian military's rapid incursion into russia is part of a larger plan to pressure russia into ending the war with ukraine. He said he will present his plan to president biden next month. Back with me is ben rhodes. This is something else. This incursion into the region of russia, first of all, no one thought it would happen. They went in, it was largely undefended. There are ukrainian flags flying in russia. Russia has not had a foreign entity on its soil since world war ii. They are still not out. The russians haven't managed to push them back into ukraine. What happened here, ukrainians needed to change the game. They were not able to dislodge the russians. They have really dug and along that frontline. Instead of grinding it out and fighting the war of attrition, there are more people and more ability to manufacture the front line arms that are driving the war. They are making the play into russia. The way in which it interacts, everybody accepts that there will be a negotiated process. Even the government recognizes it will not take back all of its territory. They need something to bargain with. The reason this interacts, they want to be able to come to the table with a better hand than a few months ago. One of the things is ukraine is now using the f16s that we spent two years talking about, to shoot down missiles and drones. There has been some sense, the one thing you realize, while russia managed to be there without taking over the government, they don't have superiority over ukraine. Now they have f16s. Anything that reduces the capacity to pulverize ukrainians is a huge deal. Part of what they are doing is trying to make it not viable. They are going after the electricity grid and the ability to keep the lights on. They want to be able to terrorize the public across the country. If ukrainians can gain more advantage and provide more security and really help secure the viability and sustainability of the ukrainian state through this effort. It also may help them. I don't think it will be overwhelmingly decisive. Incrementally it puts them on a stronger footing. How does it end? there is danger if republicans are in charge, after november. Then the war ends not in a way people expect because donald trump gives vladimir putin a freehand. What can be done between now and november other than campaigning for kamala harris ischemic most important thing the united states can do is for kamala harris to win. Donald trump said the other day, he would end the war, even before inaugurated if he wins. The only way he could do that is by cutting off support for ukraine as he and his vice president have urged. Then forced them to the negotiating table. Everybody has to wait until november to see who will be the american president. That will shape the negotiation and whether ukraine is coming in in a strong position. Between now and then they will want to give more leeway to use american weapons. In places like , give us more air cover and help us secure defenses. I am sure there are tactical things. But the world is watching us who will be the next president. Thank you. Is the cohost of save the world. That is our show. You can catch me back here weekends at 10:00 am. Now it is time for the last word with lawrence o'donnell. When there is a new indictment, that means andrew wiseman will be the first voice you hear on this program in the next ho.
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