that is precisely the presidents message today, certainly one of the key ones. 3.5 trillion is a gross number that leaves out the impact of a full set of pay force, that is measured that raise the revenues necessary to offset that cost. so when you really want to talk about the impact on federal budget, of course you have to look at both sides of the ledger. and it is not just the revenues, that are raised only on people who are above 400,000. it is as you said, one part of this is tax compliance. i was looking at some numbers before i came on, 20% of evaded tax-ism, in a typical year, that is over 160 billion dollars. accrued to the top 1%. we know that we have attack system that has rewarded wealth over work. decadent acadia. and this president has long campaigned on rolling back the high and most agree just parts
trouble, they could face disbarment over their actions in that trump case in michigan. but here is something else to watch. tomorrow morning a whole different slate of pro trump lawyers are going to face their own, totally separate sanction hearing before a totally different judge this time in colorado. these are pro trump lawyers who filed their own lawsuits wanting to overturn the 2020 election. they brought their suit against the voting machine company dominion, and facebook, and facebook ceo and his wife and election officials in georgia, michigan pennsylvania was sick and wisconsin, they were all in on it. the deep plot to get rid of the election. they filed the suit as a class action. they named all registered voters in america. and they sought 160 billion dollars, you ll be shocked to hear that that case was a laughed out of that court.
incredible because that s a whole big untapped market of .5 billion people. many of the specifics of the deal are still unclear. secretary mnuchin says he expects u.s. and china to release more details soon. white house had says it agreed to scrap tariffs on about 160 billion dollars in chinese imports that were scheduled to begin tomorrow on items coming into the u.s. from china like smart phone and other electronics. the u.s. also agreed to cut rates on some existing tariffs. and maintain tariffs of 25% on about 250 billion dollars in chinese imports. in exchange white house says china pledges to buy billions more in american agriculture. though there are skeptics republicans senator marco rubio tweeted, quote, the white house should consider the risk that a near term deal with china would give away tariff leverage needed for broader agreement on the issues that matter the most. such as subsidies to domestic firms and tech transfer and blocking u.s. firm access to key
speaking in qatar today, secretary treasurer steve mnuchin says they ll fully execute this deal next month and they want to make sure they implement phase one before discussing a phase two of any trade deal. mnuchin also says the u.s. and china will soon release more details on what they ve just agreed to. many of the specifics of this deal are still unclear. the trump administration says it agreed to scrap tariffs on about 160 billion dollars in chinese imports scheduled to begin tomorrow on items coming into the united states, like smart phones and toys, other electronics, the u.s. will also cut rates on some existing tariffs that will maintain tariffs of 25% on about 250 billion dollars in chinese goods, in exchange, the white house says the chinese government commit today buy more american agriculture and other products. the white house says china also agreed to structural reforms on protecting trade secrets and technology and on currency rates. those skeptics say they doubt
whole big untapped market of .5 billion people. many of the specifics of the deal are still unclear. secretary mnuchin says he expects u.s. and china to release more details soon. white house had says it agreed to scrap tariffs on about 160 billion dollars in chinese imports that were scheduled to begin tomorrow on items coming into the u.s. from china like smart phone and other electronics. the u.s. also agreed to cut rates on some existing tariffs. and maintain tariffs of 25% on about 250 billion dollars in chinese imports. in exchange white house says china pledges to buy billions more in american agriculture. though there are skeptics republicans senator marco rubio tweeted, quote, the white house should consider the risk that a near term deal with china would give away tariff leverage needed for broader agreement on the issues that matter the most. such as subsidies to domestic firms and tech transfer and blocking u.s. firm access to key