is you end up trying to design a tax cut that benefits people who don t pay much in taxes. we ve got this huge percentage, bret, of an american income taxpayers who don t pay any income tax at all because over the years as republicans and thr allies have passed tax cuts, one of the prices they paid for doing it is lopping more people off the tax rolls altogether. you have a huge chunk of the populace that really has no stake in tax cuts. they don t care i am talking about income tax cuts. they don t really care what level the income taxes go to because they don t pay them. bret: but the administration would say because he would be stirring up the engine that they would therefore benefit. i agree with that, but that argument that the growth that s stimulated that s caused by tax cuts, the indirect benefits people, it s hard to quantify ahead of time.
disproportionately leaving the workforce. tucker: actually got kind of interesting from there. we will have more from that interview in just a minute. she s not the only person we spoke to. we also sit down with the treasury secretary steven mnuchin to talk about the administration s plan to overhaul the u.s. tax code. here s part of it. tucker: thanks for joining us. thank you. tucker: i think it s fair to say the last election was an expression of anxiety on the part of the american middle class, and the administration has said repeatedly they recognize that. how does this plan address the concerns of the american middle class? i think as you know, president trump from day one has been very focused on the economy, and absolutely convinced that we can get back to sustained economic growth by 3% gdp or higher.. the tax plan is center stage of his economic plan. this is all about middle income tax cuts, cutting business taxes and making u.s. business competitive with the rest
cost of child care has gone through the roof, and families just can t afford it, so women are disproportionately leaving the workforce. tucker: actually got kind of interesting from there. we will have more from that interview in just a minute. she s not the only person we spoke to. we also sit down with the treasury secretary steven mnuchin to talk about the administration s plan to overhaul the u.s. tax code. here s part of it. thanks for joining us. thank you. i think it s fair to say the last election was an expression of anxiety on the part of the american middle class, and the administration has said repeatedly they recognize that. how does this plan address the concerns of the american middle class? i think as you know, president trump from day one has been very focused on the economy, and absolutely convinced that we can get back to sustained economic growth by 3% gdp or higher. the tax plan is center stage of his economic plan. this is all about middle income tax cut
discussions about inflammatory. what s inflammatory is the north korean regime and what they re doing to threaten the world. the president wraps up with a meeting with the authoritarian president of the philippines. the president doesn t believe quote yelling about it in public is effective. the administration says it will be the biggest tax cut ever. the president is optimistic tweeting last night great tax cut rollout today. the lobbyists are storming capitol hill. the treasury secretary says the bill has plenty for lawmakers to agree on. many of these issues are not nonpartisan issues, about creating middle income tax cuts and a competitive business system to bring jobs back. we hope for and look forward to there being democrat support. one sticking point will
the mandatory cuts we ll have to take on. that s the tradeoff we have to think about. this is a once in a generation opportunity the republicans have for a tax cut. the biggest failing the media, we in the media and politicians on capitol hill have made over the past decade as far as the financial situation of america, you said it. we have an entitlement crisis. we have a $20 trillion debt. we have $60 trillion of unpaid a little bits coming up. and we re not going to pay for it. it s going to be able in their my children, people in their teens, 20s, 30s, 40s, crippled with this, and the economy is going to collapse down the road. it will. if we don t doing? about it. you brought up the curve. i spoke to art laugher yesterday. i asked him about this premise of income tax cuts, and the whole idea when reagan cut taxes was that you were at 70%, and