cut. and kudos to you for calling it a tax cut versus tax reform because it s all about the cut. the vast majority of high income beneficiaries from this tax cut come through the business side of the tax code so there s a large cut in the corporate tax rate. foreign earnings get zeroed out in this tax code. that s underreported. there s a big, new loophole if you don t own a company, the corporate tax cuts don t help you? go buy a company. that s where the money is. small lemonade stand. let s show you deficit numbers, jared. we heard about the deficit from the tea party. the new york times analysis. tax measure of trump could add $1.5 trillion to the deficit over a decade. yeah. i think that s probably lowballing it. and by the way, now that republicans in their budget have signed off on this, in the senate, it is moving over to the
beneficiaries from this tax cut come through the business side of the tax code so there s a large cut in the corporate tax rate. foreign earnings get zeroed out in this tax code. that s underreported. there s a big, new loophole if you don t own a company, the corporate tax cuts don t help you? go buy a company. that s where the money is. small lemonade stand. let s show you deficit numbers, jared. we heard about the deficit from the tea party. the new york times analysis. tax measure of trump could add $1.5 trillion to the deficit over a decade. yeah. i think that s probably lowballing it. and by the way, now that republicans in their budget have signed off on this, in the senate, it is moving over to the house where they re probably going to sign off on it, too. so, you know, these folks have made representations for themselves as fiscal hawks. fiscal chicken hawks coming to
argument that they need to do something, even if it doesn t benefit everyone? he doesn t. there s no way to square anything. i guess the question is does anything he says matter? and i think the answer is no. as colin paul said about iraq, you break it, you buy it. what the republicans are doing right now, they are about to own this thing. the way the democrats have owned this thing. they are about to discover the problems that the affordable care act was attempting to attack were fairly intractable problems that governors, republicans and democrats alike have to deal with every single day. so they are now going to inherit and bob was totally right. the big number on this is not the deficit numbers. it s not the 22 million by 2026. it s next year. 15 million people are getting whacked off the roles.
some comfort if he likes it and it s going to be his bill he will try to push for it i have do wonder on comprehensive tax reform if they should break that up. one of the things that everybody could agree on is the corporate tax reform politically, you will not get a lot of nice headlines for that i m assuming the markets would like it and economically that would make a lot of sense and middle class tax cut make it happen it is going to be more difficult because of the deficit numbers. eric: greg, take us 64,000 feet looking down. greg: i have a fear of heights. kimberly: and of being tall. eric: stage left watch what s going on on stage, what does he need to do to set american people on tax reform. greg: don t tweet tomorrow morning about this. no early saturday morning tweeting. kimberly: or tonight. greg: you know, the thing about taxes is you have to explain it. it s so boring to a lot it s boring but important. you have to explain what it s like to have control of
deficit numbers are good. sow how can the report be bad? someone like tom price, for example and mulvaney. you heard mick mulvaney mocking the report. hogan, i posed this question to sean spicer yesterday at the briefing. do you think republicans believe that the congress al budget office, whose job it is to figure out the price for legislation is legit or is this a political maneuver just from the white house side of thanksgiving? the c.b.o., if it gives you the numbers you want, you praise it. if they give you the numbers they don t, you deride it. it s like polling numbers. if they re good, you praise it, if they re bad, they re worthless.