the republican party. del caro joins us from san francisco. jedediah: good morning, tom. good morning. how are you? steve: going through the nine points see how close we are getting to it. first step is government spending and we do a lot of that. yeah. we do have massive. spend $7.6 trillion as a society in this upcoming year which is roughly four times what reagan s era spent when he said government was the problem. jedediah: number two our tax system that reduced incentives. yeah. we have massive tax systems. and hallmarks of socialist societies pour incentives. that comes from tax systems. trump did a good job starting with the business tax code. got to do better with personal so we have better growth. steve: reduce growth leading to economic.
republican congressman charlie dent of pennsylvania. great to see you. thanks for coming in. thanks, kate. great to be with you. thank you. you said over the weekend that you like what you see in the final bill. are you a definite yes on this? i m still reviewing the bill. it s obviously complex. what i do like, the fact that it brings the business tax code into the 21st century. it s long overdue that united states have a tax code that s competitive with the other major economies of the world. i do like the fact that for many americans, this will be simpler, that the standard deduction will be doubled and the rates will come down and an average family of four making about $73,000 a year will get a little over a $2,000 tax reduction. so that s good. the child tax credit is doubled and it s refundable up to $1400. there s things in here i do like. i think overall it has a very good chance of passing both the house and senate as i understand it. and one of the major driving force
the house and senate and the tha text has been available. i ve done meetings throughout my district, tax preparers and cpas and other experts to understand the ramifications of the bill and how it will impact positively both family budgets and our greater economic growth. the number one thing we have seen as you look at polls and the people who are against this by double dump its. 64% of americans think the wealthy will benefit the most. 17% only think it will be the middle class. 6% think the poor will. and corporations do get that big tax break from 35% to 21%. do you understand why in these polls the american people are skeptical that this is really about them and not about helping big business which is already sitting on some of the greatest wealth we ve seen in the history of our nation? chris, the bill design in both the house and senate clearly is to create a more competitive pro-growth business
and hope this were sells itself. maybe so. maybe not. doug, we don t know a lot about the bill, as of now. waiting to see the final version. right. but republicans are obviously trying to push it through really quickly. is there concern? should americans were concerned that this is just too much of a rush to change something so massive? i think the key change is first of all, jake s got the arithmetic right, but what s happening in conference doesn t change the basic character of the house or senate bill. what republicans are, in fact, relying on is a reform to the business tax code in the united states, both corporate and small business code, that will improve incentives to invest, innovate and do it in the united states, not push our patents offshore, not push production offshore. certainly stop pushing earnings and headquarters offshore. do things in the united states and as a result generate wage growth for the middle class.