Thank you very much again for being here. Thank you, gary for joining us. Bright and early. The topic is taxes, taxes, taxes. Well start off with alabama. Original. We had a lot of discussion about taxes with your colleague last night chl well go over that ground and more detail. And ask more some of the more longer term questions. Let me start off with something i did ask secretary last night. See how you answer it. Why is now a good time to be cutting taxes to be increasing the deficit significantly. Know estimates vary. This is a 1. 5 this will Immediate Tax cut. 78 of gdp. Total revenue is about 17 . Quite low. The economy is close to full employment. This is seems an unusual time to add such a huge amount to the deficit. Why now . So let me take that question into piece ts. You ask a loft different pieces in there. Lets start with the core issue here. When you look at whats happened to the u. S. Work force since the recession, yes we have created jobs. Were at 4. 1 unemployment ri
In the Senate Subway and the doors are closed and youre trapped taking questions from me. Well take questions from Facebook Live and the New York Times. Lets get into it. So we kind of take it as an article of faith that bipartisanship is good. Polling says we want people to work across the aisle. This is a good thing. We like bipartisan bills. But when we get into the nittygritty of governing, thats not really always the case, even though it has a positive connotation. I know that when democrats were in charge, republicans would say, we dont want to give them any victories, its too close to election year. And then when the tables turned, republicans were in charge and they dont want to help each other. Even pass simple things, simple bills together. We have to start by asking the question is can it happen and is there any point to bipartisanship anymore . And what function does it serve . Senator corker, do you want to start with that . Sen. Corker sure. Bipartisanship means when you
Lets get into it. So we kind of take it as an article of faith that bipartisanship is good. Polling says we want people to work across the aisle. This is a good thing. We like bipartisan bills. But when we get into the nittygritty of governing, thats not really always the case, even though it has a positive connotation. I know that when democrats were in charge, republicans would say, we dont want to give them any victories, its too close to election year. And then when the tables turned, republicans were in charge and they dont want to help each other. Even pass simple things, simple bills together. We have to start by asking the question is can it happen and is there any point to bipartisanship anymore . And what function does it serve . Senator corker, do you want to start with that . Sen. Corker sure. Bipartisanship means when you pass a piece of legislation, it will stand the test of time, when you pass a piece of legislation when you have no support from the other party, the othe
Be ironed out. Behind closed doors, negotiations are underway to get to 50 votes. For more on the latest, we are joined from washington. Welcome back to the program. Give us a sense of what is going on right now. We heard over the weekend that senator collins of maine was expressing concerns. The real action is going on behind closed doors. A lot of the debates you see to they as it relates tax bill is mostly theater. The real negotiations are between Republican Leaders in the house need to keep 218 votes. In the sen. S the senate need to have 51 votes. That didnt work when they try to repeal the Affordable Care act. They want to succeed here. They are going over various senators whoding are worried about the individual mandate repeal and high premiums. Others have concerns about red ink in the deficit. That is not sitting well with people like senator corker. As stop the Senate Returns on november 27. Sherry give us a sense of what happens when the Senate Returns on november 27. Be th
Please welcome them. [ applause ] good morning, thank you very much for being here. Thank you for joining us. So the topic of this session is taxes, taxes, taxes so well start off talking about alabama. Original, original, original. We had a lot of discussion about taxes with your colleague the treasury secretary but i want to get in more detail and ask you some of the more detail. Let me start off with something i said with s. E. C. Theecretary. This is a one and a half trillion dollar Immediate Tax cut. Federal debt is already at 78 of gdp total federal revenues is at 17 , quite low by historical standards, the economy is close to full employment. This is this seems an unusual time historically to be adding such a huge amount to the deficit. Why now . So let me take that question to pieces because you ask a lot of different pieces in there and lets start with the core issue here. When you look at whats happened to the u. S. Work force since the recession, yes, weve created jobs. Were