were going to do when they elected to you serve them. what the president is doing, as you say, not doing something on the daca issue, that was unconstitutional what president obama did. whether it s now on the csr payments, the insurance bailouts. of course now on the iran agreement. neil: but, i mean, i guess what i m asking is, will congress do something? i know there s they better. neil: the senate has far more rules, i know that. but even on the tax cut thing, i m beginning to wonder whether the votes are there. what do you think? i think the votes are definitely there in the house. the frame work that was unveiled a couple of weeks ago is where we want it to be, bringing it down. we said in the freedom caucus show us a tax frame work that cuts taxes that, simplifies the code and one is that conducive to producing economic growth and we ll support the budget and move it along. what we told the voters we would do. i m confident it ll get through the house.
harder to let the other stuff go. let s turn now to health care and the story trump s party bypasses him on health act. just a few days ago he tweeted don t give up republican senators. the world is watching, repeal and replace. they re not exactly going to do that, are they? what are they going to do and what does it reveal about the president s leadership of his party? looks like the senate right now, especially the senate health committee, it s chaired by a tennessee republican named lamar alexander, they announced yesterday that they are going to move forward with hearings in september about stabilizing the insurance markets with respect to this jargon term cost sharing reduction payments. they ve called them insurance bailouts, what they re kind of designed to do is to reduce the total out of pocket costs for a lot of people on the exchange,
interrupt how could they have any leverage if they couldn t get military pensions? they didn t have the votes to get the minimal things how could they get insurance bailouts? had the republicans been able to agree among themselves in the house to pass a prohibition on a bailout of insurers, harry reid would have tried to stop it in the senate. imagine him having to make the case and obama having to make the case willing to risk the breach of the debt ceiling and the first time in american default in order to preserve the bailout of insurance? make that case harry see how long it is going to last. they did it with tom cruz tim cruz. abolishment on obamacare not overwhelming majority. bailout of insurers overwhelming majority of americans who will say no
democrats are fighting back against another attempt by republicans to roll back a part of obamacare, pointing out that republicans are complaining about a part of the law they actually helped create. waxman, lever, and miller say the rules on insurance are hypocritical and they accuse gop leadership of hi pock ra si. some republicans want to end certain protections for insurance companies during the rollout of obamacare, which they call, quote, insurance bailouts. one idea is to threaten the debt default, but democratic congressmen say democrats are denouncing a model they created in 2003 to smooth out rate increases in prescription drug coverage under medicare. let s bring in the top democrat on the commerce committee, henry waxman, the eighth most senior member of congress, welcome. thank you. pleased to be with you. great. i want to talk to you first about the cbo report, your colleagues holding hearings today. your reaction to this debate
yes, people look a little longer. it is the fair thing to do in a very unequal economy. ken, stay there. it is no surprise americans struggling to find jobs are angry. wall street got their bailout and let s look at what wall streetbailout. the taxpayer funded insurance bailouts for aig and freddie mac and fannie mae. they paid it back. the bailout prevented a complete collapse, but it prompted this in lower manhattan. we got sold out. the banks got bailed out. we got sold out. that anxiety and anger permits. let s look at what main street got. americans in their homes with varying degrees of success. working americans got to keep more of their own money thanks