people with big houses, that s a different matter, but i do want to point out something very, very important. when we re talking about the senate and the state and local taxes, those are all blue state senators who will not vote for the tax bill anyway and are anti-trump on top of that. if you re saying we re going to lose senate support from new york and california and maryland, you know, kind of so what? it doesn t change the passability of the measure. i m not addressing anything but, can you pass the bill on this, and, but i think that people will be looking at the home mortgage deductions as it goes through the process. here s the question, laura. if this does not pass, what does that mean for this administration? well, it definitely isn t a good sign for the administration. i mean, we could be entering december with no substantial win for trump or republicans. because, you know, again, going back to aca, something they haven t been able to accomplish. moving on to tax reform.
we ve laid it all out for him a dozen different ways you can raise the revenue from the richest american, as the president would describe them, without raising tacks. what s the biggest proposal you have put on the table since the election in terms of revenue from closing loopholes and deductions? oh, you could cap there s a lot of different ways to get there but you can cap deductions at a% of income would be one way to get there. you can eliminate certain deductions for those, the wealthiest in our country. could you do all of that. let me ask you a couple specifics. would you eliminate or limit the home mortgage deductions? there are a lot of options in terms of how to get there. i m not going to debate this or negotiate this with you but if you could sign the bill into law i would be happy to. we are trying to get those, but we haven t yet. charitable deductions? you are a wig charity guy. listen, the president has seen a lot of the options from us. a lot of them ar
a dozen different ways you can raise the revenue from the richest american, as the president would describe them, without raising tacks. what s the biggest proposal you have put on the table since the election in terms of raising revenue from closing loopholes and deductions? oh, you could cap there s a lot of different ways to get there but you can cap deductions at a% of income would be one way to get there. you can eliminate certain deductions for those, the wealthiest in our country. could you do all of that. let me ask you a couple specifics. would you eliminate or limit the home mortgage deductions? there are a lot of options in terms of how to get there. i m not going to debate this or negotiate this with you but if you could sign the bill into law i would be happy to. we are trying to get those, but we haven t yet. charitable deductions? you are a wig charity guy. listen, the president has seen a lot of the options from us. a lot of them are put on the table and i
a dozen different ways you can raise the revenue from the richest american, as the president would describe them, without raising tacks. what s the biggest proposal you have put on the table since the election in terms of raising revenue from closing loopholes and deductions? oh, you could cap there s a lot of different ways to get there but you can cap deductions at a% of income would be one way to get there. you can eliminate certain deductions for those, the wealthiest in our country. could you do all of that. let me ask you a couple specifics. would you eliminate or limit the home mortgage deductions? there are a lot of options in terms of how to get there. i m not going to debate this or negotiate this with you but if you could sign the bill into law i would be happy to. we are trying to get those, but we haven t yet. charitable deductions? you are a wig charity guy. listen, the president has seen a lot of the options from us. a lot of them are put on the table and i
i think the fever is starting to break. absolutely. you re going to see it, i think, on immigration reform, and i think you re going to see it on spending and taxation. and you don t have to effect or change basic tax rates. as you know, there s all sorts of things you can do on so-called tax expenditures dealing with home mortgage deductions, state and local taxes. and also, there s things obviously on the spending side, entitlements and certain domestic spending. this isn t that hard. this is, if you will, a mini-package. this isn t necessarily on the scale of simpson-bowles. it doesn t need to be to get us past this point, so this ought to be doable. john heilemann, obviously both sides have to give. everyone s been saying there needs to be room for compromise, figure out how to get there. is there the possibility of a deal without extending the bush tax cuts for people who make under $250,000 only? is that possible? well, i think the president wants a grand bargain. he wants