bret: on the domestic policy, the talk of a gas tax for infrastructure. we have heard this many times before, and it is sort of like lucy and the football and charlie brown. it s always pulled away because republicans never want to go down that road. breaking up big banks, that s another big hurdle for congress. i don t think this is probably the right moment for him to further stuff the legislative pipeline. he s got a couple big lumps in there now. in the form of health insurance reform and tax reform. central to his agenda before he starts talking about anything like this. you look at the gas tax, it s hugely controversial. it falls hardest on the people who have the least and they are struggling to get to jobs every day and so on. it s a regressive tax by its nature. breaking up the banks, that might be a good idea depending on how it was done but it s hard
they keep calling it 21st century glass-steagall. as i followed the issue, it kind of means whatever you wanted to mean. it means a new banking regulation scheme and they are going to collect 21st century glass-steagall. won t necessarily separate investment and commercial banks as rigidly as the old one. put that to one side. there s a lot of divisions about it. the gas tax is a really interesting proposal. i think it s a good idea and as he pointed out, the money would be, he said if it were a dedicated to highways, the way the system works, it automatically gets dedicated to highways because that gas tax feeds the national highway trust fund. the reason we are having to scramble for this money is that the gas tax has not been raised since 1993. i m like everybody else out there. i hate to pay it but the truth is that s where we get our money for highways and it s long
was inappropriate. you stand by the claim? take it the way you want to. i think our site has been proven strongly and everybody s talking about it. you don t have to ask me. i have my own opinions. you can have your opinions. i want to know yours. you are the president of the united states. that s enough. thank you. bret: that was not on the gas tax, that was on surveillance. talking about breaking up big banks. we are looking at that. some people want to go back to the old system. were going to look at it. we re looking at her right now. dodd-frank is going to be very, very seriously changed so that banks can go back to loaning money. bret: i asked brit this, one a president says they are considering, it s a totally different deal. the glass-steagall thing,
i said it has to be. donald trump sworn in on that as president was hundred days ago. the president s reelection campaign today marked his 100 days with the $1.5 million advisor to tout his and compliments and look ahead. after health care, tax reform is the next big agenda item. we are all here for the same thing. breaking up big banks may be on the agenda. before meeting with community bankers at the white house, president trump reiterated a campaign pledge to look at resurrecting the provisions of the 1933 glass-steagall act which separated emotional and investment banking to protect clients. looking at something, he mentioned it on the campaign trail. shouldn t be a surprise to anybody but it s something that s being looked at. what was a surprise today is when president trump said he would be willing to consider an increase in the national gas tax to pay for highway infrastructure.
overdue to be increased. bret: i know you are a gas tax proponent for 35 years i don t think it s going to go anywhere because there is so much resistance in congress but it s what we need. the french foreign minister said 30 years ago when talking about the budget deficits and the debt of the united states said what a country where you could solve its problems with a 50-cent gas tax. this has been sitting out there forever. bret: for the people who say this is regressive and hits the poor more. there is regressive. i ve advocated for years that you do two things at once. you have a huge gas tax, a dollar a gallon, and then you immediately refunded by lowering the rate of the social security tax. it works out to a $14 a week extra expense on gas and you get it back by lowering your withholding, so nobody is held