trace: segues into this scott s plan. calls it the ultra maga plan. a lot of republicans not on board. he is saying it is going to cut down some of the social safety nets. what is your thoughts on the plan the and the republican support, byron. the plan, first of all, alien naivetied a number of scott s colleagues in the senate who do not, who do not support raising taxes on people whose income is so low that they currently do not pay federal income taxes anyway not a single republican signed on to this plan. rick scott idiosyncratic plan. on the other hand it is a gift to the democratic party and to the white house because rick scott is, in fact, in charge of the republican effort to win back the senate this year. and they can say look, this is what the guy in charge wants to do. it s what republicans want to do
publicize a plan from rick scott that democrats say would raise taxes on even the poorest americans. it has been slammed by mitch mcconnell. joining me now, carol lee and jo ling kent. carol, first to you. this plan to tackle inflation, basically this is a political speech, i think everyone would agree. the white house is on defense. clearly a lot of politics this year from the president. we just saw that exchange over rick scott who called the president a lot of names. in his speech, the president referred to rick scott as being from wisconsin. clearly, he is not. he is from florida. carol, to you. that s right. the president this is the second time in the past week the president stepped out to the
the war overseas and inflation surging around the world, last thing we should be thinking about is rewarding companies for exploiting the situation. while families struggle to pay their bills, some corporate executives are on earnings calls when investors on wall street cheering their record profits. and explain thousand they re using this period of inflation to cover the rise in prices far beyond what they need to do to cover their costs. and all this time, not even paying for a fair share of taxs in the first place. you want to bring down inflation? let s make sure the wealthiest corporations pay their fair share. my plan asks those companies to pay their fair share in taxes. congressional republican plan, let them off scot-free. if you weren t extreme enough for the congressional republican agenda, they put it in writing. it also calls on congress to put
american people. i get it. i get your frustration. his point was that i m trying my best. the other guys don t have a plan. that s right. right off the top of his speech, we sense the tone of urgency coming from the president. he said that inflation is the number one challenge facing americans across the country today. and that dealing with it is his top domestic priority. and what he tried to do in the course of that speech was try to lay out a plan, actions that the administration is trying to take to try to tackle inflation. so everything from, of course, releasing oil from the strategic reserve, trying to make drivers across the country less dependent on cars that run on fuel, and then various other actions that the administration hopes to take to try to lower prices of everything from food to drug prices, to child care, but john, we have to note that when we re talking about the white house plan, there is a huge note next to it because it
transfer of products from abroad to shore, from shore to the location where they re going to be used. so those products can move more quickly and cheaply. we haven t had enough truckers, for example, to deliver the lumber or other goods. that s why we executed a plan to get more truckers on the job. it reduces the time it takes to move the goods quickly. another problem we face is in some industries it s just there isn t enough competition. and i ve often said that capitalism without competition isn t capitalism, it s exploitation. we re promoting competition for everything from internet services to meat processing. there s basically four meat processors in the whole country. they process the meat that goes into the hamburgers you buy. they set the price. when there s no competition, they can set the price higher and higher. we re helping smaller companies get into the game to bring down