growth and investment. so if it keeps creeping up, will it depress what you want to do? our opinion of the has not changed. we are saying that we want the very best tax that can pass. and there are things at the house has to do with the senate has to do to get that last photo to across the finish line, that is up to them. the fifth bracket is not for their white house. we are not pushing or necessarily wanted but it is something that in the greater scheme of things at the house and senate says we have to take it then we will. if that happened you think that senator schumer in warren both complained that the tax plan doesn t do enough to the tax on the rich, do you think they could come on board? no chance. i have asked some democrats if they would ever go to lower the corporate tax rate and they said no. some democrats supported bills that schumer talked about, and actually lower the corporate tax rate.president obama talked about this. it is almost as since this is
will it depress what you want to do? our opinion of the has not changed. we are saying that we want the very best tax that can pass. and there are things at the house has to do with the senate has to do to get that last photo to across the finish line, that is up to them. the fifth bracket is not for their white house. we are not pushing or necessarily wanted but it is something that in the greater scheme of things at the house and senate says we have to take it then we will. if that happened you think that senator schumer in warren both complained that the tax plan doesn t do enough to the tax on the rich, do you think they could come on board? no chance. i have asked some democrats if they would ever go to lower the corporate tax rate and they said no. some democrats supported bills that schumer talked about, and actually lower the corporate tax rate.president obama talked about this. it is almost as since this is the president trump s administration as a republican
desk. look, we want the very best tax package that can actually pass. and if there s things the house or the senate has to do to get it across the finish line, that s up to them. that fifth bracket is not a priority for the white house. we re not pushing it. we don t necessarily even want it. but it s something in the greater scheme of things if we have to take it, we ll open discussions. reporter: and mulvaney said the only area not up for negotiation is insuring the middle class pays less in taxes. as for business, he said the white house would like to get the 20% or lower, down to 15%, but he said the house isn t willing to do that at this point. rick: garrett, how important is it for republicans to reach across the aisle on tax reform, and what are the what s the likelihood that it will amount to anything? reporter: well, at this point it s still a bit preliminary to see what these efforts result, because we don t know the full details of the tax plan. a lot of this will co
25%. by the president has said that 20% is the redline for him. some members of congress pushing for a higher tax brackets for the richest americans, which the president says he is willing to support. mick mulvaney told dana perino on fox news sunday that a lot of good negotiations still lie ahead. listen here. we are saying, look, we want the best tax package that can actually pass. if there are things that house has to do to get the last vote across the finish line, that is up to them. the fifth bracket is not for the white house. we are not pushing it. we do not want it, but it is something in the greater scheme of things, if we have to take it. then we will. one-story grazing eyebrows, the story in the wall street journal that some members are considering a cap on the yearly contributions that americans can make to the 401(k). as you can imagine, sending shock waves to the services market as to a bunch of people
class and jobs. if i feel the middle class is not getting what i want them to get, and that s going to be a lot because i want them to get really a lot, then i m going to do a fifth bracket which will give them more. president trump talking about his tax reform plan, so with house and senate budget plans now in place, where do we go from here? let s bring in our panel right now. brad blakeman, former deputy assistant to president bush, also joining us is a chief economics strategist with the wall street journal. thank you for being here one of the things that struck me his comments from the whole interview is the timetable he laid out. he suggested that he expects this to happen very fast. a lot of people are saying year end, maybe into next year. he said no, i want he wants to move even faster than that. he will be disappointed if it doesn t happen sooner than that. he sounds like a person who is pretty optimistic about the chances of getting this done. brad, in terms of w