child credit, you are taking a lot of people off the rolls, the income tax rolls, that you may never ever get down any lower than what it is now if you don t go any lower now. yeah, look, it s very hard to predict the political future. i think there is some risk of that; right? what happens whenever the democrats change the tax code, they make it more progressive and then republicans leave it with the progressivety it had before or sometimes go even further in that direction. right. i do think that s a problem. it is a one way ratchet, it seems. although i think that with republicans in control of the government, we can make a perfectly legitimate argument for across the board percentage reduction in rates and that would of course help everybody, and i hope that will always remain a possibility. okay. all right. a couple of other contentious issues, one the death tax, house repealed it after five years. you don t. senate going to prevail on that? too early to say. you know, i
lot of people off the rolls, the income tax rolls, that you may never ever get down any lower than what it is now if you don t go any lower now. yeah, look, it s very hard to predict the political future. i think there is some risk of that; right? what happens whenever the democrats change the tax code, they make it more progressive and then republicans leave it with the progressivety it had before or sometimes go even further in that direction. right. i do think that s a problem. it is a one way ratchet, it seems. although i think that with republicans in control of the government, we can make a perfectly legitimate argument for across the board percentage reduction in rates and that would of course help everybody, and i hope that will always remain a possibility. okay. all right. a couple of other contentious issues, one the death tax, house repealed it after five years. you don t. senate going to prevail on that? too early to say. you know, it is one of the moving pieces.
everyone should have skin in the game. wait a minute. just changed the entire tax plan then. did he really? he did. all over the place on this. here s the thing. think about this for a moment. making $47,000 a year because of circumstances, and there are 5 million job openings, they can do something to improve themselves. we re saying i m going to subsidize the fact you don t have the skills and never get them between not paying taxes, earned income tax credits and incentives to not improve yourself and hurts the nation. ben stein? very good point. i think that s a brilliant point and come to expect from my colleague mr. payne but i ll say it was the republicans under my friend again mr. nixon starting the idea of striking huge numbers of people off the income tax rolls and not sure about mr. trump because most people don t pay federal income tax.
6 billion. want 4.6 billion. the one thing i don t see in here is hiking taxes. we have the second highest corporate tax rate in the developed world behind japan. japan is at 40%, we are at 35%. we see how well it s gone for japan. note my sarcasm on that one. if you cut the corporate tax rate you might add some jobs here but how do you make up the gap? we hope you make up the gap by hiring more workers who then contribute to the income tax rolls. i admire the commission for coming out with that, because that is not something that we have necessarily heard from democratic leadership. megyn: we talk about ireland which has got one of the lowest corporate tax rates in the world. they get tax lessed if they set up in ireland. we ll see where this goes and more on the commission report as we get it. this is just the first leak. brian sullivan thank you. new details coming in right now on the riots in london. plus mere information on the timers that were on the mail