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We ve heard from the house is not reaganesque. it s not like the reagan tax cuts of the 1980s. harris: you feel you know enough about it to say that. stu: i know enough about the house plan that s for sure. senate may well try to change it. there are limits to how much they can change this. the essence of this plan is not reaganesque for the following reasons. not everybody gets a tax can you. we were promised that. that will not be delivered. harris: who gets left off the list? stu: people paying taxes already. the people who pay most of the tax currently, that s the top 1% to 10% of income earners, they will still be paying about the same amountor even more if this house version is passed. harris: you know a lot of people in the country don t have sympathy for the 1% to 10%. stu: absolutely. they get no sympathy whatsoever. tax the rich. that s the new mantra these days. harris: is that enough to keep it from going forward? stu: no, it s not. the problem with taxing t
harris: ok. real quickly, corporate tax, where are you with it? stu: it s supposed to go down immediately to a top rate of 20%. we re hearing the very disquieting report in the washington post this morning that the senated might delay that forea year. that would not be good news for american corporations and not good news for the stock market. harris: $1.7 trillion is what it costs in terms of deficit is the new number we re getting. c.b.o. score, not everybody lives or dies by that. stu: you can do the math. every which way. harris: see how that shakes out. stu varney, we ve been here more than a decade. this is tv history. we ve never been on tv together. i m grateful, sir. thank you. this is fun. tomorrow, we are going overtime, o.t., baby, in d.c. i ll be in our nation s capital on the same day g.o.p. senators could roll out their tax plan. we ll be talking with republican lawmakers about the chances of actually getting legislation to the president s desk by the end of
Brian: it s so hard. ainsley: texas university decision to move a 9/11 memorial because it could trigger someone. this morning the governor is getting involved. steve: yep, and the dow jones industrial average breaking another record yesterday close closed above 22,000 for the first time ever. stu varney says there is something that could possibly end the winning streak. what is it? don t stop me now want to have a good time don t stop me now or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try new parodontax toothpaste.
yes. brian: watch what happened to new york city. everyone s pension plan and a lot of people have a pension plan of sorts. that goes up. iras going up. 401(k)s. steve: hiring? more hiring because you have a rich stock market with rich profits. jobs going up. tomorrow morning, you are going to get a jobs report, how many jobs did we create in the month of july, probably going to be pretty strong. could be a quarter million. ainsley: you talked about corporate tax. that would be great. what if the tax reform happens and i think is he breaking it down into three brackets. what does that mean for us? if that actually happens, that s more money in our pocketbooks. everybody who currently pays a dime in federal income tax will pay less in federal income tax. that s money in everybody s. half the population pays federal income tax. they will get more money in their paychecks. they will spend it that is a stimulus. brian: watch stuart varney he plays on the cloud on fbn.