biggest one-year increase in the national debt in history. and donald trump was the self-proclaimed king of debt in his businesses. he warned us. he loved not paying those debts. and now he is the king of debt in government, and he s not going to pay those debts either. taxpayers are eventually going to pay those debts, and that doesn t feel like winning for trump voters. and so donald trump can t talk about the national debt now, not one word about it. and donald trump does not campaign as the triumphant winner of a giant tax cut for the super rich because most of donald trump s supporters didn t get in on that tax cut. they can t feel it. and for many of them, it was actually a huge tax increase, in many cases, the biggest tax increase of their lives. if you re a middle class homeowner in new jersey, in new york, in california, and many other states where your financial planning has always depended on the deductibility of state income taxes and property
his businesses. he warned us he loved not paying those debts and now he is the king of debt in government, and he s not going to pay those debts either. taxpayers are eventually going to pay those debts, and that doesn t feel like winning for trump voters. so donald trump kaernt tacan t t the national debt now. donald trump can t campaign as a tax winner for the super rich because most of donald trump s supporters didn t get in that tax cut. they can t feel it. and for many it was a big tax increase. if you re a middle class homeowner in new jersey, in new york, in california and many other states where your financial planning has always depended on the deductibility of state income taxes and property taxes you can no longer do that. you don t have those deductions anymore. donald trump took that away. and the loss of those deducts means an increase in your annual tax bill of tens of thousands of
the country. worse in this state because the republican congressional people took votes that were adverse to the interest of the citizen of this state. that tax reform bill had a penalty for new york and other democratic states that eliminated deductibility and raised taxes for everybody 30%. i would like to see the democratic party be less negative because trump is doing the best negative case that we can ever do and start to be more affirmative about what the democrats will do when we get in power. the negative is part of the equation. it is the positive affirmative and i believe that is why the democrats have lost in the past. we have not had a credible vision that people believe would make their life better. and at the end of the day, not enough to criticize the other party.
money laundering depending on how it was handled. there may be tax issues related to the deductibility of those expenses. if they were deducted as legal expenses for tax purposes when in reality it had nothing to do with legal services rendered but instead was the reimbursement of the $130,000 that too is going to be a problem and i think what you re seeing here is that rudy giuliani was sent out there to try to hang a lantern on this in an effort to get out in front of it because they know that we were about to get to the bottom of it and/or the information was ultimately going to be disclosed because it was obtained by way of the fbi raids. rudy giuliani didn t say money laundering but he did use a curious word when he described this money, he said it was funneled. it was funneled through michael cohen s law firm or through the retainer. did your ears perk up like mine did when you hear the word funnel? absolutely. when i saw michael cohen s denial, written denial, many
government has done to states like new york eliminating the deductibility of state and local taxes, where they really targeted 12 states in this country, all democratic states, all blue states. a and call eight tax cut and then raise taxes on our people 25%. so money is tight this does not require additional resources. it does not require legislation. we have the data. it s just a collaborative sharing that we can do on our own, four governors signed off. it s just a function of executive authority. so we re doing it. and i think it s the recognition is worry not going to wait for the federal government. i don t believe they re going to do anything meaningful. i think at best they take some incremental measures which are political crumbs, just to throw out to the crowd. but even the definition of the issue is absurd. and what this administration is