all the groups. that s true. but the problem is that parts of the tax cuts that are primarily aimed at middle class families are temporary. they re only allowed $1.5 trillion to the deficit. they ve prioritized business tax cuts. a big corporate tax cuts. wasn t enough money left to do the family tax cuts for all years of the budget. only a few years. we ll come back and extend the tax cuts but sometimes temporary tax cuts do prove temporary. if they do that it will cost more than the $1.5 trillion they said. also some stealth tax increases that compound over time. the picture looks a lot worse for families if you look out to 2021 or 2027 than in 2017. not really seeing the whole picture on those charts. to be clear the corporate tax cuts they re talking about, those cuts would be permanent? they would be permanent. there s going to be an issue because of complicated senate rules things about whether they can be permanent through the senate. the senate has come up with a way to do
a walk. if senate democrats want to defend the status quo, that s certainly their prerogative but it means that republicans are stuck with having to pursue an exercise in the politics achievable. follow us here at fox news channel at the top of the hour, it is tax reform and do good, bring it down to 20%, to pay for that or to at least make that less expensive to some individuals, particularly those in blue states that are paying for it and i want to go for another quote staying that there s a stealth tax on the republican side and they write gop is repudiating reagan s reform and bringing top income tax back to 50%. you have to read the whole thing to understand that. voters might as well have elected hillary clinton. that s the wall street journal. i wouldn t subscribe to that
it is it a broad tax and certainly hits people with lower incomes harder because they re spending more of their income on gas. if you asked the question in 2004, you could make a case for gas tax. but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don t go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. if they do this, this is the quick path to being the minority party. hopefully they will wake up to that. at some point washington works for us and not them. why can t they sacrifice and spend less of wour money so we
number one, limit the amount you can put into a 401k. that would limit the tax break you get on that money. proposal number two, entirely eliminate the tax break for monti you put into an ira or 401k. you get the tax break when you take it out at far end. that would raise a great deal of money. the estimate is $410 billion. wait amount to is a stealth tax on the middle class. you are not just taxing millionaires and billionaires. you are reaching down into america s middle class by changing the tax breaks on their private pension plans. martha: you be undercutting the premise of the whole 401k plan which is to encourage retirement