before. the republican argument is if you cut taxes on these corporations, they re going to take a lot of money they have sitting in offshore bank accounts, bring it back and invest in the u.s. but there s just not a lot of proof in the last 20 years that that has happened. we did tax cuts in 2001, in 2003, after the financial crisis, and they did not create that kind of real growth that ends up paying for itself. meanwhile, you are going to get a bigger deficit. that s something people on both sides of the political spectrum are talking about. the congressional watchdog, the joint committee on taxation, came in at the 11th hour, which is one of the reasons that passing this bill in the senate took so long, and said look, we re not buying these very optimistic growth projections that the republicans are putting forward and we think that this bill is going to create a bigger deficit. so you say that the big corporations or the wealthy really do benefit the most from this. yes. so
donald trump s plan for rush russia. what they did according to the indictment is conceal the fact they were lobbying in the united states. and then they according to the indictment didn t want to pay taxes on their millions. so they laundered the money through offshore bank accounts. and they evaded taxes. this indictment said that $75,000 went through offshore bank accounts and alleges that paul manafort laundered $18 million. so that s the issue here. and the other point is, for those who want to say this isn t about russia, the ukrainian politician they were representing was a russian-backed politician opposing the forces that wanted to bring ukraine into the u.s./nato orbit. he was the putin guy. and when he was ousted from power, he fled to moscow where he lives today as far as we know, hallie. ken, i want to go to carol quickly with reaction to the reaction from donald trump.
july, they took out binders full of documents and mirrored his hard drive. copied the contents of his hard drive. took pictures of the soups hanging in his closet. they are very interested in looking at his money, offshore bank accounts. they re interested in him on tax on potential tax charges. flynn has been looked at for his disclosures of his foreign travel. his disclosures of his foreign lobbying. and so those issues, disclosing to the government or failing to disclose to the government on federal forms is a felony. and so there s exposure there. the white house is trying to the president has said paul manafort didn t even work for me very much that long. they are really trying to distance themselves from paul manafort who was a campaign chairman for key points in the campaign. quickly, on mike flynn, this is the first time i ve seen any reporting that reveals that the
documents and copied his computer files looking for evidence that manafort had set up secret offshore bank accounts and photographed the expensive suits in his closet. later in the story, here is more detail on that. quote, it is unusual for a prosecutor to seek a search warrant against someone who like paul manafort had already put his lawyer in contact with the justice department. to get the warrant, robert mueller s team had to show probable cause to a judge that manafort s home contained quote to be allowed to pick the quote to be allowed to pick the lock and enter the home unannounced, prosecutors further had to persuade a federal judge that manafort was likely to destroy evidence. if the times is right in this reporting tonight, why did prosecutors believe why were prosecutors able to convince a federal judge that paul manafort
was underway when armed fbi agents started knocking on his door. i don t mean his front door. he first learned the fbi raid was underway when agents knocked on his bedroom door. abc was first to report that back in the first week of august. here is the question. how did the fbi agents get all the way into his bedroom door? according to the new york times tonight, fbi agents were given permission to pick the lock on his front door in ordinary toer into his house without knocking. quote, paul j. manafort was in bed early one morning in july when federal agents bearing a search warrant picked the lock on his front door and raided his virginia home. they took binders stuffed with documents and copied his computer files looking for evidence that manafort had set up secret offshore bank accounts and photographed the expensive suits in his closet. later in the story, here is more