well, i think my efforts paid off and we closed a gap and i was pleased about the result. we will see if it changes wages and hiring, but what we know for sure is even with pass-thoughs, the majority of income goes to the top 1%, so that s who is benefiting from that. whether it benefits for everybody else is a maybe and not a certainty. the top 38% pay 25% of the total tax burden, so if you are going to make your business tax system more competitive, lower the rates, that s going to benefit the people that pay the tax. 1% pay 38% of the income tax and that s where a lot of the tax benefits will go but the economic benefits will go throughout the economy and benefit the middle income americans. let s see what happens in the final bill and the loopholes because that will show you have an interest in having
permanent. and this is what critics are saying. isn t a statement of your priorities? the real reason that you make the individual cuts, temporary, and then start after 2025, otherwise the deficit will be too big. it was going to go over some people say it is a budget gimmick but is it is a statement of priorities that you made the business cuts permanent and individual cuts temporary? we could have done exactly opposite and be the individual cuts permanent and cut back on the business cuts. chris, you cannot do that if you want to fix the business tax system. going from a worldwide system to a territorial system. you cannot switch back in 10 years. this is all about the byrd rule and how we calculate things. this is not about the deficit. because we think this is all about creating growth and we create economic growth to pay down the deficit. this is technical issues in the senate. the corporate site is about jobs. this is the tax cut and jobs
if you want to fix the business tax system and go from a worldwide system to a territorial system you can switch back in ten years. this is all about the bird role in how we calculate this. this isn t about the deficit because we think this is all about creating growth and will create economic growth to pay down the deficit. the white house and congressional leaders have their work cut out for them. republicans can only afford to lose two votes in order for us to pass the senate and already five gop senators have said they have concerns with the bill along with ron johnson who says he will vote against it changes are made. those senators along with others will receive a lot of pressure from outside groups over the next week to vote against the bill. rick. rick: the president still frustrated tonight about the lack of credit he is getting for running the release of those ucla possible players. reporter: yes, so much so that today he tweeted that maybe i should have left them in jail
permanent. and this is what critics are saying. isn t a statement of your priorities? the real reason that you make the individual cuts, temporary, and then start after 2025, otherwise the deficit will be too big. it was going to go over some people say it is a budget gimmick but is it is a statement of priorities that you made the business cuts permanent and individual cuts temporary? we could have done exactly opposite and be the individual cuts permanent and cut back on the business cuts. chris, you cannot do that if you want to fix the business tax system. going from a worldwide system to a territorial system. you cannot switch back in 10 years. this is all about the byrd rule and how we calculate things. this is not about the deficit. because we think this is all about creating growth and we create economic growth to pay down the deficit. this is technical issues in the senate. the corporate site is about jobs. this is the tax cut and jobs
if you want to fix the business tax system and go from a worldwide system to a territorial system you can switch back in ten years. this is all about the bird role in how we calculate this. this isn t about the deficit because we think this is all about creating growth and will create economic growth to pay down the deficit. the white house and congressional leaders have their work cut out for them. republicans can only afford to lose two votes in order for us to pass the senate and already five gop senators have said they have concerns with the bill along with ron johnson who says he will vote against it changes are made. those senators along with others will receive a lot of pressure from outside groups over the next week to vote against the bill. rick. rick: the president still frustrated tonight about the lack of credit he is getting for running the release of those ucla possible players. reporter: yes, so much so that today he tweeted that maybe i should have left them in jail