that s correct. that has always been a philosophical underpinning of at least the republican party since reagan. even though the tax cut plans have always remained progressive under republican administrations even though they got into the same ball game of bestoeg deferredtach breaks to industries that the government picked, there was always this philosophy that if you earn your money, you deserve a tax cut because it s the government s money, not yours. a lot of them that was appealing for a long time to a lot of americans. republicans have now thrown in with the democrats and agree the wealthy should not get a tax break and they re going to decide, they say, who is too wealthy to deserve a tax cut and who is not wealthy enough they re willing to give them a tax cut into mial mcginnis is with us, as well. what s your reaction to what the president just told us? there s a lot of news in there. yeah, there s a lot of news in there and clearly, they are going to need tax reform to
they wouldn t even talk about the idea that they may change the percentage of your mortgage deduction. they know this could die with a thousand cuts. right. i think what is important to understand, what the white house put out today was a one-page, they called it a plan but it was essentially, guidelines to congress for when congress writes tax reform legislation which will be enormously complicated. and house speaker paul ryan has a border adjustment tax. not because he s a huge fan of the measure but he doesn t want to blow a hole in the budget. this doesn t address anything like that. so i think when congress tully takes this up, it will become. much more complicated. these should be thought of as guide lines. not a plan. the difficulty for democrats in the past has been, you can sit there and pick at these tax cut plans.
plan. but again, it s unclear whether or not this will actually benefit the middle class. it s broad plans and we re going to have live coverage of the details coming up we believe an the bottom of the hour here on cnn. we ll have live coverage of these tax plans about to be introduced, significant moment indeed. guys, thanks very much. pamela and christinea. the president has to tell his tax cut plans to congress. that could be a tough sell. hakeem jeffries of new york is joining us from capitol hill. thanks force joining us. you re on the budget committee. that s your reaction to what you ve heard so far about the president s tax proposals, his recommendations to cut taxes? well, this tax proposal as far as we can understand from the details presented so far, is really just a gift to corporate america and will not have anything meaningful to help improve the conditions of working families, middle class
and on wednesday, he lays husband his principles for tax perform. the mt. president of argentina visits the white house. and on friday, hosts a rally to celebrate his first 100 days. the rally in pennsylvania happens during the correspondents dinner. there s a flurry of executive orders coming this week. as many as six, we re told. but at least four, including on veterans, energy, agriculture and on trade. so, what s missing in all of that? any kind of house vote on health care. despite the activity on the subject last week, as much as they would like to see movement on obamacare repeal, senior republicans and white house officials say there s no expectation anything will actually happen before friday. we just mentioned the tax cut plans. the president is promoting the tax cut plans with this tweet. big tax reform and tax reduction will be announced next
administration. lew said donald trump aggressive tax cut plans could blow up the deficit. i suspect the environment in washington won t be focused so much on the fiscal gap for the next few months. but it s really important that we keep our eye on that. because if you open a big fiscal gap, the only way to close it is to cut spending or to raise taxes. the president-elect has produced to cut taxes significantly for individuals and businesses. he wants to spend a trillion dollars on infrastructure. during the campaign he said he would pay for it by cutting wasteful spending and all of that without touching social security or medicare. it will be interesting times. that is going to be a hocus-pocus trick. celebration of life for the late nba sideline reporter craig sager. even the pastor got in on the tribute with the wardrobe. more of the tribute when hines ward joins us this morning on