Plus, we will talk democratic strategy on confirmation hearings and beyond. I think you have to be careful and particularly in a new administration with an untested president. How the president elect can test the limits. This is mtp daily and it starts right now. Good evening. Im in for chuck todd and we begin with breaking news. Donald trump and his legal team settled in the Trump University lawsuit. It appears the president elect will not have to go on trial before heading to the white house. Trump and his defense team agreed to pay 25 million, but the ags office told nbc news it doesnt include an admission of wrongdoing. Lets go to it with pete williams. Can you break it down for us. The trial that was going to start in california would be a huge distraction and they asked the judge to delay it. The judge has been urging all sides to settle and now a settlement has been reached. The attorney general announced the settlement a moment ago and said its 25 million not only for the case
The trump tax plan, one that could give business and individuals a big break but could also blow a multi, ready for this, trillion, trillion dollar hole in the federal budget. Youre in luck, im not just in d. C. With me ive got the best team in the business to break it down. I want to take you first to Nbcs Kristen Welker live at the white house. Kristen, we know President Trump is busy tweeting up a storm this morning. But talk to us a bit about his tax plan. What do we think is in there . Okay, steph, heres what we know so far. Todays announcement will essentially be a blueprint of the president s tax principles and priorities. Steve mnuchin and the president s top Economic Advisor expected to roll out the details a little bit later on this afternoon. The headline of this, steph, the proposed slashing of the business tax rate to 15 . Now heres the key. It will apply to big corporations and also Small Businesses as well as real estate firms, like President Trumps. Aides say the plan w