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Transcripts for MSNBC The Last Word With Lawrence ODonnell 20211105 05:32:00

any discussion of what the solution might be to try to raise more tax revenue to try and close that gap? i think there are a couple of things for people to know. one, there is a difference between the house, the joint committee, and taxation forcing, and reality. so you alluded to this, the provisions that would enforce the tax code, against the ultra wealthy and big corporations that are paying their fair share, those provisions are not necessarily scored in the same way as they would work in reality, and that is why you are seeing the white house say that they think that this bill will generate two trillion dollars or more than pay for itself. and that is because they re looking at how this will actually work, and because the taxation does not do that. we ll subscription drugs in the bill and that is going to be generating revenue so i think for the drink committee on taxation need to get the final final copy, which they ll be able to do tomorrow, in the house rules committee app

Transcripts for MSNBC The Last Word With Lawrence ODonnell 20211105 02:33:00

those provisions aren t necessarily scored in the same way they would work in reality, and that s why you re seeing the white house say they think this bill will generate $2 trillion, will more than pay for itself. and that s because they re looking at how this will actually work. and because of different accounting rules the joint committee on taxition doesn t do that. we also have some prescription drugs in the bill, and that s going to be generating revenue. so i think the joint committee on tax revenue needs to get the final, final copy we ll still be able to do tomorrow when the house committee approves it to get the final score. i feel very confident not only is this bill responsible in termsoffs making investments going to grow our economy. it s also fiscally responsible because we ve not only paid for everything we ve created additional revenue to meet future investment needs. congresswoman katie porter, thank you very much for joining us. and, you know, keep the phone open f

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