Tax cut. The president promises a middle class miracle. Claims the wealthy wont pay less in taxes. And its not good for me. Believe me. Thats not true. The details we have show big benefits for the top 1 , including President Trump. A tax hike for some in the middle class. And trillions more in debt. Tough questions ahead for treasury secretary steven mnuchin. Well break down the politics. Smoke out the spin. The facts that matter this week. Good morning. Before this week, President Trump got some pretty high marks for how hes handled the devastating hurricane season. On the scene in houston after harvey. Florida after irma. Earning praise from local officials and a bit of a bounce in his approval ratings. Then came marias cataclysmic hit on puerto rico. A category 4 storm that destroyed so much of the island. For days, the president was silent. He played catchup much of this week. Saturday morning, this storm on twitter. The mayor of san juan who was very complimentary only a few days
The president promises a middle class miracle. Thats not true. The details we have show big benefits for the top 1 , including President Trump. A tax hike for some in the middle class. And trillions more in debt. Tough questions ahead for treasury secretary steven mnuchin. Well break down the politics. Smoke out the spin. The facts that matter this week. Good morning. Before this week, President Trump got some pretty high marks for how hes handled the devastating hurricane season. On the scene in houston after harvey. Florida after irma. Earning praise from local officials and a bit of a bounce in his approval ratings. Then came marias cataclysmic hit on puerto rico. A category 4 storm that destroyed so much of the island. For days, the president was silent. He played catchup much of this week. Saturday morning, this storm on twitter. The mayor of san juan who was very complimentary only a few days ago, has now been told by the democrats you must be nasty to trump. Such poor leadership
That there are one time savings where you really have two choices. You can either use that money to reduce the deficit which is a la laudable objective so we dont discredit that as an objective or use it for one time expenses. What you cant do is lower rates as if the one time savings is genuine forever because you would in the next period of time be losing revenue. Thats why the president proposed pairing Business Tax Reform with an infrastructure initiative. I think there is the basis there where youve seen proposals on both sides that have elements of agreement. I think that its something the more we talk about across party lines and with each other the more we have an opportunity to get something important done. Very good. Senator thune. Thank you, mr. Chairman. Secretary lew, nice to have you here. Welcome back. I also want to welcome our new chairman and really look forward to working with him. As chairman wyden mentioned we worked together on a number of issues, Digital Goods an