none of these people should be doing this, none of this. this should stop. but the question is who s going to stop it at this point? who s going to stop it? who s going to stop it? guess what they are there to do, tax reform. the outline, the nine-page outline is now out. we don t know you and i haven t gotten a chance to tick through it just yet, but we have to say this is a real plan. for months we ve been saying we had one page and now we have nine. we had the napkin before. now we have something that s closer to real in terms of actual language. look, this plan is the beginning. this is like in terms of negotiating if you really understand president trump, he likes to anchor the negotiation, so he s trying to originally on corporate taxes he wanted to anchor it at 15%. that s not where he s anchoring. he s anchoring at 20%. for the most part corporate tax rate, 20%, there you go. so he s already moved to 20%, which is where we knew they would have to move. boy the
big tax cuts and big spending. does the president s math add up? we will see. his budget will come out some time in the next week or two with all the lines in the budget and where these cuts are going to come from to make up for the loss of revenue from some of the tax cuts and also the big increase that you just talked about, an infrastructure spending and defense spending. when the president talked about infrastructure spending of a trillion dollars in his speech tuesday night, a key phrase was there was public and private. so i think he thinks he can get substantial amounts of money from private investment in infrastructure, for example pipelines and things that don t require federal money. is that realistic? to be able to count on a combination of federal and private spending? i do. i think there s a lot of private sector capital projects that are ready to go. a lot of these just require the
good morning, everyone, i m poppy harlow. i m john berman. great to see you. so this is a president that wants to spend some money. a lot of money. he wants to pay a whole lot more for military expansion. he wants to cut taxes big league, and at the same time he wants to introduce a trillion dollar infrastructure plan. this is a plan that actually has some bipartisan support. to launch our national rebuilding, i will be asking congress to approve legislation that produces a $1 trillion investment in infrastructure of the united states, financed through both public and private capital, creating millions of new jobs. how does this math add up? here with us to discuss, former obama administration council of
hear what our hearts have to say and our feelings have to do. reporter: thank you very much. so that it s clear, this senate and this house will likely pass this law, and will become law on august 1st. chris? jacob, thank you so much as they continue their march to the state capitol in austin. we go to our daily briefing on politics. the nbc team has their questions to president trump tonight. mark murray joins us now. the trump administration did release the budget outline yesterday. there are concerns on other side how the budget priorities add up. does he need to address those concerns tonight? yes, chris, that is one of the big questions i have for tonight, how does he make that math add up? as you mentioned he s called for an increase in military spending to boost $54 billion with cuts made up from some nonmilitary spending, but when you want to increase military spending and
it roundly. i ll leave it to others to judge making connections between what someone is not doing and what happens out there, but if you re the president of the united states especially, you ve got to condemn it immediately. senator casey, good to see you. and that s so much. thanks, chris. coming up, the big questions heading into tonight s presidential address. the white house calling for that massive boost in military spending but does the math add up? that and what else to watch for next on our daily briefing on politics. and jacob rascon is live. they have come from as far away as texas and el paso and are marching against sanctuary cities and the strict penalties against those that don t obey. et taxes in decades,