helped expand opportunities for insurance in this country. republicans never liked them in the first place. number one goal is to repeal them or at least reduce them. congressman, joe scarborough here. hi, joe. why would democrats do anything to help the republicans keep the government open when they re not going to do it on your terms? basically democrats in the house would be doing the bidding of the freedom kaung caucus to inc the debt ceiling essentially. whether or not we have leverage. if republicans can convince the freedom caucus to vote for a short term spender that doesn t increase spending for the new year, they ve demonstrated they ve been able to do that. if they come to democrats with a bill that is lacking in the issues we care about, whether it s c. hncht i.p., community health centers, the issue in puerto rico and the virgin islands, florida and texas,
here. what is the upside to this tax increase? let s try to be positive this morning. because we ve been i ve been attacking it for raising the debt, for being the wrong tax cut at the wrong time, increasing income disparity. is there a chance that actually this could grow the economy, this could help work iing class americans? is there any tax cut in history that suggests that? i don t think so, joe. i mean, the upside i m refracting this through politics as usual. republicans look like they could do something. in particular, donald trump looks like he could do something. this is a not bad ending to a very bad year. but, no. i mean, this is great news and i don t mean to put my thumb on the scale here. it s great news if you believe that corporations are people, obviously. this is potentially good news if
we don t know t. dynamics scoring being what it is the notion that corporations will simply sit on this windfall and won t reinvest in capital doesn t make a lot of sense unless are you really terrified of what the future will bring. we have a lot of indications they shouldn t be terrified of what the future will bring we ve had some stability in the commitment i am hopeful. but it is hope. i don t think anybody else has anything more than that. joe, we will find out about the impact of this tax bill within a fairly reasonable period of time. maybe six months to a year. can you get a sense of it. that the corporate tax rate going to 21%, corporate tax rate getting cut is a good thing. i don t know about 21%. it s a good thing, but as casey pointed out, noah alluded to, what will happen to the money that corporations make? are they going to hire more people or, more importantly, over the next six months to a year, if you are out there, makeing $75,000, $95,000.
minute here. people also see a double standard deduction. so what that likely means is that most people will file a more simple, simplified version of their taxes. it will be less likely you will itemize your deductions, but this is also something that s going to hurt people in high tax states. we talked a lot about this, places like new jersey, potentially connecticut, where joe is. where you can t deduct as many state and local taxes as you would have under current law. so i think the central question here is what are businesses going to do with this windfall and republicans seep saying, look, they will hire more people. they will increase wages. democrats say, they re going to help their shareholders. you know, our economy is shifting in kind of a fundamental way. there are a lot more people working in the gig xi. they don t necessarily have salary and benefits. they re not necessarily paying taxes like american versus traditionally. i think there will be a real question here for co
would rather talk about getting some help. the panel is going to stick with me and still to come, will signs of the democratic wave wash up on the shores of michigan? that s in tonight s states of play. but first, congressman joe crowley is standing by. we ll talk to him about the republican tax reform plan coming to the floor this week. as we go to break, protests from the press corps over access in asia. i want to underscore this. doug mills tweeting this giant black frame. he says, this is what it looks like today in da nang vietnam. blank. i just want to point out to all of you this is not the normal way of doing business and should not be considered acceptable.