to see you. happy fourth weekend. you, first, arthur. axios reporting that bannon told colleagues he wants to the top income tax bracket to have a four in front of it, meaning raising the top bracket to be 40% or more. how much of a middle class tax cut could that finance? i don t think it will financeny to be honest with you. these people in the top 1% find more shelters and more ways to get around taxes like they do now. in fact, they would lose money. in the last 100 years, whenever they ve raised the tax rates on the top % of incomers, revenues that have group have gone down and it hurts the economy. it doesn t make any sense whatsoever. so, jean, this coming from bannon, according to reporting. if the president were backing this, would he have the kind of support to push this through?
women, jean sahadi, and no one i would rather have up here talking about this except maybe stephen moore could join us, as well. we ll talk about what he said since he did advise the president. look, treasury secretary mnuchin said that tax reform is, quote, much simpler. much simpler than health care reform, and is he just talking about tax cuts? i think at the end of the day that s what he s talking about because who doesn t love a tax cut? even democrats love tax cuts. the white house is proposing real tax reform and they re going to run out of time and the people in the white house have never written a tax overhaul before. secretary mnuchin said he s doing it from scratch. okay, well that s a long process. so good luck. just so we know, the difference between tax cuts is you re going to pay less money and tax reform is what? tax reform means not just necessarily tax cuts, but
they thought they would get a trillion dollars just in the bank to work with which means they can t cut the rate as low as you would think which is a maybe 28% rate. look, i get that, you know, debt and deficit matters a lot, but some are questioning are we in a place, jean, where deficits don t matter because i will quote the president to the new york times magazine. here s what he said recently. we re going to prime the pump in order to get the economy going and going big league, in other words, spend money to make a lot more money in the future. that s right, and that s a very democratic kind of position when you look back to the recent history. that s correct. and you know, you have the house caucus which are very much deficit hawks, but after the failure of obamacare appeal and who knows what they ll do next, they re reassessing where they ll put up a big fight and my guess is it will come in the spending fights and there are two budgets to pass between now and the end of
perry, the texas governor who is running for the gop nomination. not in the newspaper hard copy, a lot of americans get, but in the online edition. he talked about the president and his birth certificate and he said he believes the president was born in the united states, but a little less confident on that birth certificate. of course, released earlier this year by hawaii after a request from the president. he went on in that interview to say i had dinner with donald trump and he doesn t think it was real. trump was flirting with a bid for the gop nomination and part of that was a push for the president to reveal his birth certificate and questions whether the president was born in hawaii. an interview released by cnbc john harwood, their top political guy. here s what perry said, take a listen. my grades ended up on the front page of the newspaper, if we re going to show stuff, let s show stuff. but, look, that s all a distraction. i get it. i m really not worried about t
increases are a job killer, particularly when you have over 9% unemployment. norm orn steen, that is disingenuous to say the least, that he realized they were a job killer, why he extended the bush era tax cuts. there s one reason only the president extended those bush era tax cuts and that s because he needed a deal to extend unemployment. this is the kind of misinformation campaign that is continuing on capitol hill. i sent out a tweet a couple of hours ago, i said, could anybody, anybody provide me with research, not opinion, but research that tax increases kill jobs. please send my way if you can. i haven t gotten anything that is of substance that s been sent my way. tell me if you know of research that indicates that tax increases kill jobs because there are no tax increases anywhere in this bill that covers the next ten years. no, of course, we re seeing a lot of disingenuousness across the board. a lot are the talking points, republicans repeating all the time. we