consequences for workers access to the cash to b built to now piñera employee to actually cover the expenses we got, the thing i am mostl worried about. the news coming even as president biden and the countr get good news on the economy a a whole. we created more jobs in the two years and an administration that created th first four years and i think all of thi matters. it is no accident. it means our economic plans ar working and now the bigges threat to our recovery is th reckless talk, the reckless to my maga friends. they are threatening to fall o the national debt. in fact, planning to fall as some republicans seem to b doing puts us very much at risk the president referring t new debt ceiling demands from group of republican hous members second but economi gains in jeopardy. i will talk to congressman mar takano ahead about that as well all of that plus this. bring it on, all alone issue later who refused to quit when her teammates did taking on th state champi
instead, they are focusing their energy on culture wars vicious culture wars let s talk a little bit about the budget proposa because you mention that right cutting three trillion dollars i believe and i want to draw o that a little bit. when we talk about the negotiations with republican at the end of the, day you hav to get them on board in orde to fund the social programs th president wants to fund. you re looking at thre trillion dollars in the federa budget gap, and that s what th president wants to shape proposing a new 25% tax on billionaires and increasing th corporate tax rate from 21 that s 28% and quadrupling of the 1% ta on stock buybacks that too effect earlier this year let s be honest congressman, there is no way in hec republicans will get on boar with some of this, some of these proposals. so how are you going to find the social programs? while the social program, the president has proposed
zeroing out many programs, public broadcasting, arts and humanities, way down. and programs like meals on wheels and programs that really hit people where they are hurting. andrea, i know we will see and hear from you later. thank you for that. pete, peter, casey, thanks to you guys. i want to break this down with new york times political reporter nick comp story. big picture, you have a budget that is dead on arrival. in the last 24 hours we have two federal judges blocking president trump on immigration. you have republican lawmakers saying they won t support the health care bill he endorsed of the the republican chairman of the house committee says the president s tweet on wiretapping is wrong if taken literally. this morning on morning joe his u.n. ambassador had a hard time defending him. i guess maybe the overarching question is when you listen to him as we did last night in front of a rally, he was pretty defiant.
defense, our men and bem in the armed services. the cuts that finance that are going to meet a mixed reception. there are things like the national institutes of health that have strong by part san support and i don t see a great appetite for cutting $6 billion out of that. i think you are going the hear calls for more. this is not a complete budget. so there is going to be a thirst for more information about exactly what the administration wants. as you know, this budget, as it is right now, hits a lot of people who actually voted for donald trump, their rural voters, their low income voters. if you take a look it abolished a $3 billion program that provides food assistance programs, housing assistance, community improvements and development. homelessness programs. the white house says that some of these either don t work or are duplicative. but do you think that s something that you will be able to sell, that they will be able
impacted by the cuts in the president new budget proposa. it eliminates funding for arts sciences and programs that help the poor to member pay for a $54 billion defense increase and over $1 billion for the border wall next year. top republicans say it s dead on arrival but mick mulvaney defended the proposal on morning joe. can you talk about where you are concerned that perhaps some of these cuts may hurt american s lives, if anywhere? no. i think that we re actually doing exactly what we said to do to protect americans. but we don t balance the budge, but we do reprioritize spending. that s the message to congress. joining me now, douglas holty, former kong budget correct director, mccain 2008 budget adviser. now commissioner on the financial crisis inquiry commission. it s good to see you. give me your take on this budget as you see it. thank chris. i think you are going to see a lot of support for increasing fundsing for the department of