resistance effort. that s tomorrow at 10 pm eastern here on msnbc and streaming on peacock. peacock is tonight s last word. the 11th hour with stephanie ruhle starts now. tonight. bombshell testimony from a murder suspect. taking the stand in his own defense, telling the jury he lied and stole, but he didn t kill his wife and son. will they buy? it then the tucker tapes. congressman jamie raskin is here to respond to speaker mccarthy s move to put forward the thousand hours of january 6th footage into the hands of one fox news host. and disgraced crypto king sam bankman-fried with four new criminal charges, some related to political donations. as the 11th hour gets underway on this thursday night. good evening once again. i m stephanie ruhle. we begin this evening with more moving testimony from a defendant and a double murder case making national headlines. alex murdaugh, the former well to do south carolina lawyer accused of killing his wife and son took to stand in his o
[applause] all right we have unanimity! but just two weeks later mike pence is saying, maybe not. well, i respect the speaker s commitment to take social security and medicare off the table for the debt ceiling negotiations. we ve got to put them on the table in the long term. meanwhile, the washington post reports, the biden white house has been discussing the coming social security shortfall which is a reality. they met with senator bernie sanders to discuss his plan to uncapped social security payroll taxes on high earners. back with us to discuss, jason johnson, politics professor at morgan state university, and mark mckinnon form advisor to both george bush and john mccain, his co-host of the circus on showtime.
used it to get this public commitment from republicans. so folks, as we all apparently agree, social security and medicare are off the books now right? [applause] all right we have unanimity! but just two weeks later mike pence is saying, maybe not. well, i respect the speaker s commitment to take social security and medicare off the table for the debt ceiling negotiations. we ve got to put them on the table in the long term. meanwhile, the washington post reports, the biden white house has been discussing the coming social security shortfall which is a reality. they met with senator bernie sanders to discuss his plan to uncapped social security payroll taxes on high earners. back with us to discuss, jason
every dollar earned would be subject to payroll tax. why is this the only assumption is employee versus employer side? because rich people don t like to pay taxes and they are powerful. a payroll tax is there to fund social security. if you raise the cap you d raise 0.6% of gdp. that happens to be the exact size of the social security shortfall. if you eliminated it, you would in one foul swoop close the social security tax gap, that would be it, you d be done. it would be finished. now, if you say you don t want to do it because you d prefer to raise retirement age, that s your prerogative, but that would be a very big step towards fiscal responsibility. so i feel like what i heard you just say and what we have started talking about last week is the idea on the one hand
be subject to payroll tax. why? why is this the only assumption? rich people don t like to pay taxes and they re powerful. it s worth saying. remember, of course, the payroll is there for social security. if you raised the cap you raise about 0.6% to gdp. 0.6% happens to be the extra size of the social security shortfall. if you raised the tax cut, you would in one fell swoop close the social security tax cut. that would be it. you would be done. you don t have to cut benefits. it would be finished. if you don t want to do that because you refer to raise retirement wage as opposed to taxes, that s your prerogative. that s a very big step towards fiscal responsibility. so i feel what i heard you just say and what we talked about last week is this idea that the republicans appear to be willing to actually increase taxes on people who make 100,000