business people is even higher than the rate corporations pay. so we definitely need to bring these rates down if we re going to be competitive internationally. matt, the tax foundation which advocates lower tax rates says that the cost of trump s cuts could easily total more than $7 trillion over the next decade. depends on what happens to the deductions. i m glad matt brought up question of the deductions. we aren t flying blind here. ever since bowles and simpson made the big push for tax reform in 2010, we ve been studying all different types of tax plans. we have a pretty good idea of what are the possibilities on deductions. mr. trump has taken the chair ability deduction and the mortgage interest deduction off of the table. so there really are not once you take those off the table, there really aren t a lot of deductions and tax breaks left to make up the difference. in fact, even for the romney plan which was much less generous, it was very, very
emphasizing, but his rate cuts are just so far off the charts in terms of revenueistic to thi be a net revenue razor. billionaire investor carl icahn says he endorses trump. trump says icahn would be his treasury secretary if he were elected. you also have grover norquist giving his blessing. of course he is the architect of the anti-tax movement, major player on your side of the aisle for republicans. yes. what s your take? do you give trump a thumbs up, thumbs down, on his plan? i think the plan is in the right direction. i think it is unfair to say it is going to cost all this money when he has said it is going to be revenue neutral. as a conservative i actually wish it wouldn t be revenue neutral. i d like to see us not worry so much about the revenue side of tax cuts. what we don t know, you got to look at two sides of the equation. it is not just what the rates are, it is what s going to happen to the deductions.
since reagan, but probably even before that. this will be a rocketship for the economy. let me bring in our political panel, martin sullivan, chief economist for the non-partisan group tax analysts and formerly worked for the congressional committee on taxation. martin, you ve said that the trump plan is not realistic on the revenue side. still no specifics on the deductions and the loopholes he would close here. are we really getting a specific plan from donald trump as some have called it when there are no specifics? well, tamron, you know, presidential tax plans are like preseason football. they give you a clue as to what s going on but they don t really count. all of these presidential plans are under realistic but i think mr. trump s plan is especially unrealistic. we can compare it to what mr.
passionately there should be absolutely no or all restrictions abortion bans should be put in place have felt that way and have been very animated about it. people who support planned parenthood on the other side of that issue are not moving because of these videos or this because of this testimony or because of carly fiorina or because of anything that s brought this issue to the fore. we need to get to presidential politics quickly here. this morning donald trump is defending his plan to overhaul the income tax system particularly against one of the chief criticisms in that it is disproportionately beneficial to the rich. we actually have had tremendous reviews on the plan by most people. most people are liking it and are supporting it. and it will actually affect the rich to a much lesser extent. the people that are in middle income are middle class, are middle-income people, are going to be the biggest beneficiaries. their taxes are coming down very substantially. trump s pla
purchase private insurance. in 2006, the basic heritage health care framework was established as law by a republican governor that was going to go out and run for president. romney didn t win in 2008. barack obama did. one of his first orders of business was health reform. his model was, i think you know this right now, the plan that was working in massachusetts, the romney plan, the heritage foundation plan. those subtleties may have been lost on the right. they were launched. the very conservative movement that had helped lay the foundation for the affordable care act has been nearly four years of all-out war on obama care. when congress was debating health care in 2009, republican senator, jim demint, predicted it would be obama s waterloo. we are going to break him on this. he hasn t stopped doing that