Voters in here. See what they had to say a little earlier. This time, i voted for john ossoff. Theres a little message being sent by me and others. No question about that. I also do think there needs to be a check on donald trump. So there you have one voter i talked to who said, look, i want toe a check on donald ump. A lot of the voters i heard from today, they do cast this as a referendum on the president himself, on donald trump. Several republicans i talked to said, you know, god bless donald trump. I will say, this isnt necessarily trump country. Trump didnt win here by as much as tom price did, the congressman who was reelected in 2016 by a 20point margin. Trump won by 1. 5 points. At the same time, it does tell you potentially gives you a sense of the energy that the democrats have. Thats what it is going to take if they are actually going to try to make a dent in the Republican House majority in 2018. Ali . Encourage folks to make their voices heard and to make history here in
let s bring in lawrence. there were discussions what to do with the tax code at the highest end. there were some references to some of the proposals you made but the question didn t go directly to you. what about your wealth tax and if you re putting a wealth tax over $50 million, what would be the tax income rate and tax bracket that would accompany that? so let s start with my wealth tax. so here s my proposal. it says that anyone who s got a fortune above $50 million, they re good on their first $50 million, but the 50 million and first dollar, they ve got to pitch in 2 cents, and 2 cents on every dollar after that. that is the top one tenth of 1%. take a deep breath and let me tell you what we can do with 2
people who had those type of businesses right now pay tax, a personal tax income rate. there will also be an increase in the child tax credit that will be determined. the president says it will be more than that. they will also eliminate the so-called marriage penalty, eliminate the death tax, eliminate most itemized deduction, but it will keep the mortgage and charitable deduction. the president making clear that this is not a tax cut for the rich. and fact, by limiting many of the deductions, the highest earners will come out about even even though their marginal rate goes down and the president is holding out the possibility that the very tippy top income earners may end up paying more. he met with the ways and means committee yesterday and laid out his driving principle. listen here. first we must make our tax code simple and fair. it s too complicated. second, we will cut taxes tremendously for the middle class. not just a little bit, but
the initiative to have him release those returns so we can see what kinds of connections he has with different countries around the world. as far as i m aware, the president says he s still under audit. financial times reports the administration s timetable for a tax reform hit a setback. the treasury secretary, steve mnuchin, is pushing back the target date of august, calling it not realistic. joining me the founder of americans for tax reform, an organization that opposes all tax increases. good to see you. good to be with you. the issue of tax reform, there was a sense after health care failed and they said, we re moving to tax reform. i thought, if you thought health care was hard, taxes aren t easier politically. i d argue it is. you have a consensus among the house, senate, white house, the corporate tax income rate at 35% is out of line with the rest of the world.
work into jobs a lot of things they say cost money. make it easier for low-income workers to get transportation to work. how do you match that up with the commitment on the republican side to tax cuts and particularly lower tax rates at the top? math doesn t add up. spending money on those things you have to be able to tell conservative con stitstituencyies there s no top tax income rate of 28%. it depends on how you re spending your tax money. i want to spend tax money on the eitc and more vocational education and that s not the real source of spending in this country, josh. the real source of spending is out of control entitlements not just part of the safety net for the poorest americans. frankly, we are not able to honor commitments to the least of these in the united states with an ironclad safety net which we should be proud of unless we start to take on the problem in a realistic way. you have been writing about this. i ve read your stuff and