president obama last night, i m not sure what the strategy was. shannon: you remember the moment senator booker turned to the former vice president and said you have been clinging to make president obama wanted to talk about your involvement in the administration. booker saying to him you don t want to be associated with him when you don t want to to be tagged with one of his policies but you re spending a lot of time associating yourself with him. obama continues to stay out of the endorsement game. that is tradition but when your record is being assaulted, i would think the president would weigh in and talk about how proud he is of his own record. joe biden if he has been a little bit quicker could say i m proud of everything he did. he could explain the record number of deportations, was it an accounting gimmick, they counted people they turned back at the border as deportations to inflate those numbers?
and why they went after president obama last night i m not sure what the strategy there was. you remember when senator booker turned to the former vice president and said you have been clinging to president obama and wanting to talk your involvement in the administration and whenever negative things, deportations that happened under the obama administration, booker saying to him you don t want to be associated with him when you don t want to be attached to his policies that spending a lot of time otherwise associating yourself with him but the obamas they out of the endorsement camp. that is kind of tradition but when your record is being insulted i think the president would weigh in and talk about it. i m personally enjoying it. he could ve said i m proud of everything we did, the record number of deportations was an accounting gimmick, they counted people they turned back at the
little bit more tension to come. my last question to you is about something that the house republicans, some house republicans are planning to do. congressman mark walker had an op-ed in the wall street journal today asking for you to do something. he said that last september the house performed the constitutional duty and passed all the appropriations bills required to fund fully the federal government. we sent the bills to the senate before the beginning of the fiscal year and mr. mcconnell sat on them. the package mr. trump sent yesterday is good and his base should be encouraged in this moment of fiscal restraint. hopefully the pack soldier the first of many. now congress must do its job. he is talking about $15 million about a rescissions package that is to me looks like accounting gimmick to make it look like there is actually funds cut from the federal government. where do you stand on that? the congressman of course is incorrect that senate republicans didn t want to pass a
this goes to the heart of the president s argument. what i m hearing happening behind the scenes is every time members of congress take a new plan up to him that may cut middle class taxes in some way, he essentially is rejecting it. that seems to be very much undermining the way in which they pay for any of this. absolutely. there s about half a trillion dollars in deferred tax revenue through the year 2020 that republicans were hoping to take advantage of by essentially shifting when people pay their taxes. remember on a 401(k) contribution, you don t have to pay the taxes up front but you do have to pay the taxes on them when you withdraw. so the revenue comes in later. this is why they really like this idea. they re not raising taxes, just shifting when you pay for the taxes. so essentially it s an accounting gimmick. that is why this was so popular as they find ways to pay for these cuts. again, this is why tax reform is so hard. everybody wants the candy of eating the tax c
gross income on the front end because it s tax deductible and then you pay the tax when you retire, decades from now. the roth ira you pay the tax when you put the money. in and you take it out tax-free. so, if suddenly they reduce the amount of money you can put into an ira or 401(k), it will encourage for people to get a roth ira and pay the tax upfront than a couple of decades from now. this was an accounting gimmick, if you will, to take those taxes that would be paid in the future and pull them forward, thereby reducing the amount of that would add to the deficit. the president was pretty clear. let s not monkey around with it boys and girls so we end up with something like that and leave it alone. figure out some other way to reduce the size of the deficit. it occurs as a result of this. martha: that s what it all comes down to. clearly for paul ryan who is trying to figure out the numbers and how much revenue they need. so, and, therefore, how many tax cuts they can put into