meacham. that report goes on to say that fully half of all the benefits of this tax cut will go to the top 1%. fully 30%, almost a third of the entire benefit of this thing, will go to the top 0.1%. it s kind of hard to believe that the president continues to say this won t benefit the rich when it is if you have two eyes and a calculator, you can figure out that it absolutely will. right. i m not exactly sure how the lower quintiles are going to be positively affected by the repeal of the estate tax. i can tell you the top 1% do very well with that. also the elimination of certain gift taxes. my sources told me this week that at a white house meeting with lawmakers, gary cohn pointed to steve mnuchin and told the lawmakers, we re not going to benefit from any of this. that was shocking to the lawmakers who know that they re worth ruffle $200 million and $3 billion respectively. the analysis isn t precise, because the proposal the president has laid out does not have all the detail
to be positively affected by the repeal of the estate tax, but i can tell you that the top 1% do very well with that. also the elimbs of certain gift taxes. my sources told me this week that at a white house meeting with lawmakers, gary cohn the white house economic adviser pointed to treasury secretary steve mnuchin and told the law maurks we re not going to benefit from any of this. and that was shocking to some of the lawmakers that were there because they know that those two guys are sold man sacks executives and are worth roughly 250 million and $300 million respectively. the tax policy center analyze is not exact lg precise because the proposal does not have all the details there. the legislation hasn t been written yet. so you can t do a perfect score on it. but these estimates show what anybody who looks at this can see, which is that there is a huge skew toward the wealthy getting most of the benefits from it. right. you just have to look at three things, the repeal of the a
will go to the top 0.1%. it s kind of hard to believe that the president continues to say this won t benefit the rich when it is if you have two eyes and a calculator, you can figure out that it absolutely will. right. i m not exactly sure how the lower quintiles are going to be positively affected by the repeal of the estate tax. i can tell you the top 1% do very well with that. also the elimination of certain gift taxes. my sources told me this week that at a white house meeting with lawmakers, gary cohn pointed to steve mnuchin and told the lawmakers, we re not going to benefit from any of this. that was shocking to the lawmakers who know that they re worth ruffle $200 million and $3 billion respectively. the analysis isn t precise, because the proposal the president has laid out does not have all the details there.
what more did we learn this week about those lost e-mails and the legal jeopardy for the irs? yeah. paul, starting with the grassley point, i think what we really learned here is that lois lerner was willing to use her position there at the irs for political retribution. senator grassley was one of the senators who was really sort of after the irs about what their practices were, including about gift taxes, and later about conservative groups. so the fact that she was so eager to get him into exam, as she put it, really raises some questions about her motives there. it was even too much, dan, for the irs itself, which said, whoa, ms. lerner this is all in a letter that house ways and means chairman, dave camp, released. and the letter back from her colleagues at the irs said, lois, for one thing, senator grassley probably is not breaking the law. and we don t really think we want to get into attacking in effect the former ranking member of the senate finance committee. i mean,
levy joins us with more. collin, who else have we learned about the lost e-mails and the legal jeopardy for the irs? paul, starting with the grassley point, i think what we really learned here is that lois lerner was willing to use your position there at the irs for political retribution. senator grassley was one of the senators who was really sort of after the irs about what their practices were, including about gift taxes and later about conservative groups. so the fact that she was so eager to get him into exam, as she put it, really raises some questions about her motives. it was even too much, dan, for the irs itself, which said whoa, whoa, whoa, ms. lerner. this is all in a letter that dave camp released. the letter back from her colleagues at the irs said, lois, for one thing, senator grassley probably is not breaking the law. and we don t really think we want to get into attacking, in effect, the former ranking member of the senate finance