Why rob portman is hopeful. Mick mulvaney is warning. And steny hoyer is fighting mad. Theyre all here and only here. We begin with blake burman with the latest. Blake . Its clear here in the halls of the capitol as House Republicans mark up their bill and the senate will release their bill later this week. Theres a host of issues to work through. Earlier today, the club for growth, an influential Republican Group put out a note saying they have issues with four Different Things on the individual side of this House Republican plan. Here they are. Top tax bracket for millionaires with the possibility that those that make in the low Million Dollar range can see the top end taxed north of 45 . They take issue with a portion of passthrough profits would be taxed 25 . Growth. You had big deficits. It wasnt tax cuts that did it. Cuts create growth and growth creates revenues neil but you left out Ronald Reagan. I know. Deficits didnt grow with him. The first two years were high because we ph
yeah. we ll take a look at that analysis that you re referring to. every analysis, every fact that we ve checked, shows that they re going to see that relief and we ll double check that to make sure because the intent is to provide that relief for hard-working americans. that s why we kept the 39.6% rate on the books the bubble rate you heard a lot of folks at the 44% that will get impacted by it. dealing with the corporate rate we are reducing corporate taxation because we are the highest taxed nation in the world and we still do it on a worldwide basis. the last country that does that. that s why you see a mass exodus of american business to ireland and other countries like great britain getting ahead of us in regards to their tax competitiveness. corporate taxes is one complete argument, but mitch mcconnell and paul ryan have had to back off claims somewhat similar to this that 100% of the people in the middle class would see a tax cut because it s just not true. everyone will n
higher brackets. is this hillary clinton in office? we are not for higher brackets. everyone across the board enjoys a tax cut. the bubble rate says the millionaires don t get the tax cut aimed for low and middle-class people. it is saying we want to preserve middle-class tax cuts. a person in the top bracket, [overlapping talking]. they still get lower tax. that s the point. we don t like high tax rates either. we are trying to make all of this work. getting taxes down on businesses and jobs to level the playing field. the goal of the tax cut is to aim it to the middle-class. laura: upper income not getting a tax cut? not a tax rate cut. the president was clear about this. i don t want the top
laura: that s the big issue. it has to pass the house. laura: this is what happened with obamacare. you got it through. it dies in the senate because you have two people, senator mccain and senator flake who do not donald trump to an be a successful president. that s my belief. how concerned are you that for all of this work you have been doing, some people still don t like it, you did something. goes over to the senate and guys? how worried are you? i should have brought my other chart in my pocket. we passed more bills here in the house in the first 10 months of the trump administration than obama administration and both bushes. laura: what do you say to o connell? this bill can t be filibustered. the bubble rate are because we
sign it. so that s an easy answer for us to give here at the white house. our principles remain the same. we want lower taxes in the middle class, simpler and fairer in the middle class and we want the low corporate tax rate. neil: so you d say if it passed the house and the senate and there were people that could make a case that it s going to raise cases on some in the middle class, the president wouldn t and shouldn t sign it? your caveat is some people say. some people will always say that. say the committee the numbers we believe and why look at. we re not going to sign something that we think raises taxes. neil: do you think the bubble rate of 45.6%, the wall street journal made a big deal about, i know this can get overly picked apart. do you know if he was surprised by that and might say, you know, wait a minute. i have a problem with that? surprise is not the right word. neil: stunned? chagrinned? disappointed?