apart for so long? guest: what is really going to happen, the white house meeting they will have an agreement because there is a fall back plan. that is to say as speaker boehner said we will have an an adult conversation and we could have a plan they agree to tomorrow and that is why carney laid out the $1.6 trillion in cuts that people are prepared to make. right? now the question is, and they moving to this today, the question is revenue. what part of the revenue can we enhance that republicans will go along with? and i know they want to protect billionaires and millionaires and we should in the deal with these hoop holes that allow people to not contribute appropriately. chris: that is where you will find agreement, fixing the
what they are talking about are what are called revenue enhancers. the $6 billion we send into ethanol, things like that. there s a consensus in cutting that stuff. that stuff is limited. biden talks identified trillion dollars worth of use that would be acceptable. you won get to the numbers that you need to without more dramatic use. let s do what president clinton said and wall street journal agrees with. bill clinton said 35% of corporate income tax rate it s second highest in the western world. drop the rates of corporate rate down at the same time we get rid of these loopholes. you can get a republican deal on that. a short term deal on that. but if you go for straight increase for revenue you won t get any revenue from that. we have senator john cornyn not leaving any hoop holes.
code. ahh. this is actually new obama speak. the administration, the democrats have adopted to refer to tax revenue the government doesn t collect because tax deductions, credits and hoop holes. the president argues losing revenue by tax breaks is misspending. the things republicans are so concerned about. if you have some washington speak you d like us to clarify, send us an e-mail and we ll be right back. make a wish! oh. ooh. happy birthday todd. it s for a cough. from allergies.
representation that has to be bought. by the way, corporate america buys with $4 billion a year, representation, they buy representation you and me and our fellow citizens cannot buy in washington. and the result is a tax system that permits g.e. to book its profits and leave them offshore and not what is called repatriate and bring them back to the united states. no matter where the profits are made. that is what is happening here. so if i got an offshore haven i would be thrown in jail. guest: that is why it is important to buy loopholes so you do not go to jail. the loopholes exist because of our federal government, association g.e. employs firm i.r.s. employees and lobbyists to get the hoop holes so it is good business be but if you are a small business in this country, it does pay the 35 percent corporate tax, you are
the human race. all in starts right now. good evening from new york. i m chris hayes. look at this headline today from the washington post, the trump immigration plan could keep white in the u.s. majority for up to five more years. the census currently projects white people will no longer be the majority by 2044. the post finds under trump s plan whites could remain till 2049 buying a precious five years. cha is what donald trump s plan would do keep can the nation as white as possible for as long as possible. the plan is so important for him he is willing to shut down the government if he doesn t get it. if we don t change the legislation, if we don t get rid of these hoop holes where kirls are allowed to come into our country and continue to kill, gang members we re just talking about ms-13, there already many gang members we don t even mention, if we don t change it, we ll do a shutdown. it s worth it for our country.