It never got done. Who would object to trillions of dollars being brought back into the country . Nobody. The biggest tax cuts and reform in the history of our country. This is bigger than president reagans many years ago. Im very honored by it. Democrats dont like tax cuts. They want to raise your taxes. They dont want to lower your taxes. They want to raise your taxes and they want to spend money foolishly on things that we dont need in many cases. The president being very loose in his speech earlier today and as the lawmakers leave washington for christmas, major battles are set for when they get back in january. However, the president is on offense after passing this massive tax cut bill. Joining us now, fox news chief National Correspondent ed henry. I got to tell you, im excited and exuberant about this. The president began speaking and we cut to it. Millions of people heard what he said today and he was just being trump. He has been on defense for a large chunk of the year. The
That about wraps it up for this hour of msnbc live. Right now its time for am joy with joy reid, russia, taxes, collusion, we got it all. Take it away, joy. The bottom line is this is the biggest tax cuts and reform in the history of our country. Everything in here is really tremendous things for businesses, for people, for the middle class, for workers. Good morning. Welcome to am joy. Just before departing for his christmas vacation at his private club in maralago, where the initiation fee is 200,000 and annual dew dues ruu 14,000, President Trump signed into law a major tax overall which will line the pockets of the millionaires and billionaires who make up the trump cabinet. Folks like Steve Mnuchin and Jared Kushner who stand to squirrel away millions under the new tax scheme. Not to mention the millions republicans will shovel into trumps own bank account through the bill. 11 million a year according to a New York Times analysis. The middle fifth of american households will get a
Republicans has gathered secretly for weeks in the capitol in an effort to build a case that Senior Leaders of the Just Department and the fbi perhaps criminally mishandled the contents of a dossier that perhaps alleged ties between donald trump and russia. A subset of the republican members of the House Intelligence Committee led by chairman devin nunes of california has been quietly working parallel to the committees high profile inquiry into russian meddling in the 2016 president ial election. They havent informed democrats about their plans, but they have consulted with the houses general counsel. Youll recall the president himself has slammed the fbi in recent weeks saying it was quote, in tatters and that it was a shame whats happening at the fbi. Well, today some House Republicans offered their own critique of the fbis role in the russia investigation. The fbi should be cooperating with us. The Justice Department should be cooperating with us. What are they trying to cover up .
It is true the tax bill may destabilize obamacare by reducing the incentive for young, Healthy People to buy insurance. The Congressional Budget Office has said repealing just the individual mandate will likely raise premiums to help cover older, sicker people. But it will also save the government money as people drop out of the subsidized obamacare marketplaces. Now, by admitting the tax bill was a vehicle for hurting obamacare, the president may have also handed democrats a powerful talking point for 2018. None of that got in the way of the republicans big celebration yesterday. Something this profound could not have been done without exquisite president ial leadership. This has been a year of extraordinary accomplishment for the trump administration. Were going to make this the greatest presidency that weve seen not only in generations, but maybe ever. President donald trump delivered a great victory for the American People. All friends. I mean, i look at these people, its like were
Government function is on the line with added division over defense spending and disaster aid and health care for children. The deadline is 39 hours from now to get it done. At least one House Republican dares to hope the house and senate can hash things out in a day and a half. Charlie dent saying it would be an act of political malpractice after a successful tax reform to shut down the government. Suzanne malveaux, you are there and you talked to these folks, and are they going to get it done . Reporter they hope so. This is one of the things they dont want to happen, and you cant imagine such a success and then a dark cloud over it. They started in earnest at 8 00 this morning, and then they are keeping the government going and the deadline looming. What may happen, if they have to kick the can down the road on some of the more important issues, its a short temporary fix and a continuing resolution to fund the government until january 19th. Here are some of the Things Holding up the