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republican party center ing around bob corker, trying to get him on board, to vote against an amendment that was considered pro forma. as you noted, the issue, the debt. the deficit. senator corker has not made a secret of the fact that he has a problem with that. but they thought they had a solution, if the tax plan didn t create a growth they think it will, at one point tax increases would snatch into place. one problem with that, the senate rules do not allow it. the joint committee on taxation releasing a report that showed the dynamic growth in the bill. that is the key issue for republicans. the idea that their plan, even though it costs 1 1.4 trillion dollar. it could pay for itself. not so says the joint committee on taxation, it would only create $450 billion in added revenue, the plan would still cost a trillion dollars. senator corker making it very clear, he has needs a solution
this is perverse. it s insane. for the life of me, i don t understand why people aren t marching in the streets against this thing. i want to talk about deficits. it used to be that republicans care ad a lot about deficits. there s been independent studies on what this tax plan does to the deficit. it shows that it actually red e reduces revenues by $1.5-1.7 trillion. and adds 1.4 trillion dollar to the deficit by 2027. right now we have the highest corporate tax on effort, generating almost no revenue because people avoid the tax by moving factories to ireland. if we fix that and make the u.s. an attractive place again that is going to employee a hole in the deficit, it s just not economically rational. what do you make of what he
rectangle that surfed the web, played music, e-mails, took pictures and had a touch screen. we touch it with our fingers. reporter: that glass rectangle now copied by everyone while its app store given rise to a 1.4 trillion dollar giant. facetime, video messaging and cameras bringing people from all over closer together while sometimes distracting us from those a few feet away. and on its tenth birthday, here is a look at the original phone that forever changed the way we talk. it seems awfully small compared to what they have now here. i can t believe this is the first phone. pretty much the same. i know the design has changed a little bit. the cameras are better. we re going to be in the jettison s age very shortly. reporter: the iphone 8 rumored to introduce facial recognition and even faster processer. and now that we all carry more computing power in our pockets than it took to put a man on the moon, it s impossible to guess
fiscal sanity to this country. and that s the problem. he s not using tax at the moment either. some tax from my understanding, joe biden was instrumental in getting the tax cuts, extended he s got some diplomacy work behind the scenes getting it done and maybe he needs to be doing something in the background. certainly not standing up and saying, i won, you re going to do as i say, you know, and pull faces at people. megyn: last word john. let s not forget when he came in the the last fiscal year that came over from the bush administration, we had 1.4 trillion dollar deficit that had been a record surplus when bush took place, not blaming bush at all. plenty of blame to go around and recognize where we ve come from and where we re going. we need long-term spending cuts, we need to pay the bills that are wracked up. let s not rack up any more i think is the argument. megyn: good debate. appreciate it. coming up next, the professor