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Transcripts For MSNBCW Velshi Ruhle 20171028

President trump calling for the biggest tax overhaul since the 80s, with a key vote in congress, republicans are poised to release the much anticipated tax bill. Anticipated by us at least. The details are only starting to trickle out of capitol hill. Already generating some debate. Lets start there. The house followed the senates lead and passed a budget resolution by a narrow margin earlier this week, with these votes in place, republicans can now get a tax bill through with just 50 votes in the senate, effectively sidelining democrats. But the math behind tax cuts that would add 1. 5 trillion over the next ten years to the National Debt will be difficult. Some republicans are already saying they need to close 4 trillion worth of loopholes to make things work for them. So slashing the taxes on businesses will need to be offset somehow as will eliminating the estate tax. Both are pillars of President Trumps tax plan. Ali, we understand the argument for tax cuts for businesses, but at

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