talking about it would blow $1.5 trillion hole in the defic deficit. now some estimates have it over $2 trillion. how does susan collins support that? it seems to me holding all but two republicans in check is a pretty tall order. so add to heidi s smart points, when you think about the core problem here for senate republic can leaders, there are those who think the tax plan is progrowth. others think it adds top of the deficit. speaker ryan said put aside your concerns about the deficit. we need a growth bill for 2018. the other problem they have is even if they can reconcile the problems and convince the deficit hawks, you may have moderate members who think the plan is too friendly to corporations. if the democrats could get a
it help this or that group. every group should be helped by economic growth. i think marco rubio s clip you just had was excellent right on point. i want everyone to pay more taxes. those people who don t have jobs all of a sudden get jobs, have income and pay taxes. those who have jobs will get higher incomes and pay more in taxes. all the corporations will as well because they use less deductions, less tax sheltering, less takes evasion and pay more in taxes. this is a growth bill that will yield lots and lots of revenues over the next 10 years and it is the way of saving the budget, creating prosperity and bringing jobs back to america which is wonderful. sandra: we re wondering if there will be big differences in these two plans that we know what democrats think about the details in the house bill. listen to top democrats chuck schumer and nancy pelosi here. we say to our republican friends on this tax bill, as
be revenue neutral. we have a lot of senators that think that in order to grow the economy, we need to get the tax rates down and accelerate costs recovery, which as you mentioned what our bill would do. that will get the growth back in the economy. meantime, we have to deal with some deficit. that s there s different points of view in our republican conference on that. we ll sort through that and get a pro growth bill and better paying jobs. neil: just getting the corporate rate down to 15 or 20% from the get-go might not be revenue neutral. that too could get complicated, couldn t it? it could. there are some things that can be done to broaden the base that would act as offsets.
was pressed on it on wednesday he said this plan will pay for itself. we will have enough growth, new economic activity and enough elimination of those deductions and special deals, it will pay for itself, he didn t back down from that. no, he didn t. i give him credit getting to the supply side point. a lot of people were skeptical. i think gary cohn is sensitive about the tax cuts for the rich label. this is not a tax cut for the rich bill, this is a growth bill and he deserves a lot of david: will it pay for itself, this bill? it will pay for a lot of tax cuts. if you have a bigger economy, you can pay for more government. when allow or middle-income person aside from additionalin jobs, they are going to like what they see here where it s the standard deduction has doubled 10% bottom rate and we won t have as many as these taxes where you re essentially forced to higher a tax preparer,
it is an orderly process. we ll make our decisions in due time. i like that. so that s very trump-like. he is a leader. i hope tax reform and repatriation of bringing those dollars here in a grand tax deal and beginning to get republicans and democratics together. in 1986 you had a very conservative republican president and they came together to do something historic. i think that the first 100 days will be very important. something big has to happen. i m voting for fundamental tax return. i m not talking about corporate tax reform. i m talking about a real bill that sets that s really a growth bill that gets the economy going again. and you sure need real votes