tax law is an area where if you make a slight drafting mistake there is an industry of people very well compensated to take advantage of that. this is a university of chicago professor who says, is there a trillion-dollar hole in the senate tax plan? right. you re not reading that incorrectly. he argues, based on sloppy drafting, that there s literally a trillion-dollar hole in the thing. can you be confident they re not going to pass something that has some massive, massive error at the heart of it? no, i think that s exactly right. and after all of their criticism of read the bill, which by the way i think is always a legitimate thing to ask of your legislator. did you read the bill? and it is true that you ve got to work with staff for them to help you interpret certain aspects of the bill. sometimes they re referring to a different part of the u.s. code. so i get that it s technical and sometimes it s a gotcha question. but let s be clear. there literally is no bill text. thi
because it s so complicated and there s so many different pieces to understand. so what we try to do is just to say, you know, a tax bill is always a political document. whether it s the democrats or the republicans who are in control. but what this bill does, it does more than ostensibly raise or lower taxes or spur growth, do things to the economy. there are big social changes, ramifications, that are embedded in the bill. that will affect decisions people make about health care, education, and all sorts of things abortion, the way that churches communicate in the public sphere based on politics and their tax-exempt status. this is a broad-reaching piece of legislation. right. in a lot of ways, there s all of these it s like a christmas tree bill. you want to get a lot of different constituencies behind
versus lindsey graham 2016. i think he s a kook. when all in starts right now. this is kookland. good evening from new york, i m chris hails. right now at this very moment the senate is debating the most-ambitious rewrite of the tax code in over three decades. and nobody, and i mean nobody, knows precisely what s in the bill. or what exactly it would do. in a session on the floor, om lawmakers scrambling to get legislation passed before it can see the light of day, before anyone can figure out what s in it. adding to the urgency is the increasingly unhinged behavior of the president of the united states, whose pen they still need to sign a tax bill into law. this bill that they re debating right now, that they plan to vote on tomorrow, is why, for the past year and a half, republicans have chosen to tolerate donald trump s destabilizing, dangerous conduct. nothing he s done has outweighed the singular goal of getting this thing passed.
drafting, that there s literally a trillion-dollar hole in the thing. can you be confident they re not going to pass something that has some massive, massive error at the heart of it? no, i think that s exactly right. and after all of their criticism of read the bill, which by the way i think is always a legitimate thing to ask of your legislator. did you read the bill? and it is true that you ve got to work with staff for them to help you interpret certain aspects of the bill. sometimes they re referring to a different part of the u.s. code. so i get that it s technical and sometimes it s a gotcha question. but let s be clear. there literally is no bill text. this isn t just a matter of the individual member not poring over 500 pages. staff hasn t seen it. it s not available because it isn t written yet. so the one thing i wanted to add is that it is a miracle that democrats and the resistance across the country have been able to make this so close. a lot of people i think had a rou
most-ambitious rewrite of the tax code in over three decades. and nobody, and i mean nobody, knows precisely what s in the bill. or what exactly it would do. in a session on the floor, lawmakers scrambling to get legislation passed before it can see the light of day, before anyone can figure out what s in it. adding to the urgency is the increasingly unhinged behavior of the president of the united states, whose pen they still need to sign a tax bill into law. this bill that they re debating right now, that they plan to vote on tomorrow, is why, for the past year and a half, republicans have chosen to tolerate donald trump s destabilizing, dangerous conduct. nothing he s done has outweighed the singular goal of getting this thing passed. not his bragging about committing sexual assault backed up by accusations from over a dozen women on record, nick collison his attacks on the u.s. intelligence committee or deference to vladimir putin or mounting evidence his campaign tried to collude