To how many changes the senate can impose on the house version because they ve got to make sure that the tax cut is no more than $1 1/2 trillion over a 10-year period. harris: is that why they want to put their own plan out? if you do, that the house gets to see what you do in their hands. stu: we re hearing some unfortunate things coming out of the senate. harris: you don t like this. stu: i don t. harris: why not? stu: i want a reaganesque tax cut that restores the growth and prosperity. this does not do that. as long as you have the people that pay taxes now paying more, even more in the future, you don t stimulate the economy like you could have if you re giving tax cuts across the board. harris: i know you say you think the president will sign this anyway. you know, he goes his own road. so if he looks at this and decides no, i m not unless it s across the board. no, i m not unless these certain things are happening. stu: he could do that. i don t think he will bec
Proposal. but white house budget chief mulvaney says the middle class has nothing to worry about. are you worried about the fact that according to some groups taxes may be raised on some groups? no, if that turns out to be the case. if we really believe it and our numbers show the same thing that taxes are going up in the middle class, we re not going to sign it. that s an easy answer for us to give here at the white house. harris: joining me new is stu varney, a man who knows his money and ours. so couple of things are happening right now. so they re marking up this bill, i watched some of it on closed circuit satellite. what i learned is if you have a big voice in that room, they ll spend lots of time on your particular state s issue. i don t know how much that fortifies the face s tax code but this is how it s done. and so we rejoice in the fact that they are talking at this point. but you say what? stu: ok. i say this this plan that we ve gotten and
harris: oh! stu: the reason is this. the top tax rate, as you know, is going to stay at 39.6%. no cut for that top level. not at all. 39.6. harris: they re losing some deductions, too. stu: very important deductions. state and local income taxes. they re gone! they re gone! harris: if there s a cap on interest rate on your home loan, that s a loss, too. stu: there s a cap on the mortgage interest deduction on your home. that cap is cut in half from a million to a half million. upper income earners pay the price. harris: those people you need because some of them are small business owners. but many of them, though, are as big as corporations. they re so wealthy. so again, i don t know that they get the kind of sympathy you re talking about. stu: they get no sympathy. no. but if you don t let those people take more of their own money. harris: across the board, everybody has to get a tax cut. stu: to be reaganesque, yes. that s what we went into this thing. that s what
Last night, the president urged all responsible nations to join forces and isolate the north. watch! we call on every nation including china and russia to fully implement u.n. security council resolutions, downgrade diplomatic relations with the regime and sever all ties of trade and technology. it is our responsibility and our duty to confront this danger together because the longer we wait, the greater the danger grows. and the fewer the options become. harris: rebecca is a senior fellow at the hudson institute. rebecca, thank you for being with us today. we are now at a hinge point on this trip because the president has already met with south korea. the japanese. he s now meeting he s in china. he s meeting with a man who has an incredible amount of power
Aisle. will the mainstream media, some of them, ever realize how out of touch they are with the rest of the nation? and as house republicans continue marking up their tax plan as we speak, you can watch it live in some quarters, their g.o.p. colleagues in the senate expected to release their own tax proposal tomorrow. i get teased because i watch a lot of c-span. will both sides be able to work together? what does it mean for your bottom line? your pocketbook? stu varney is next. there are some differences in the way the senate will approach some of the issues but you re looking at a bill that is pro growth. we want to get greater growth in the economy that creates better paying jobs, higher wages and more take home pay for american workers. people would stare.