scads of new people is probably a fantasy. i don t know. barack obama proposed a corporate tax rate reduction in 2012 and a lot of democratsy on board because the corporate tax rate is not competitive. if you re alluring business from abroad, reducing the tax rate to something that is competitive and ensuring protection for intellectual property, they all should generate economic activity. if they don t, we have to throw all the theories out the window. jeffrey goldberg, thank you. we look forward to your new show, nodding with katty. huge. huge. thanks to one vote. morning joe is coming right back. at fidelity, trades are now just $4.95.
health of the country. the economic health of the country. the one thing i was worried about this bill was that they would put in a delay for the tax rate reduction. they did not. it starts on january 1st, 2018, which means we won t have the recession that we had in 1982. so i m expecting strong growth starting right away. now, if you look at what i mean by strong growth, from january 1, 1983 to june 30th, 1984. that s a year and a half period, u.s. real gdp grew by 12%. that s at an 8% annual rate. i think we ll have growth far higher than almost all the pundits are projecting. far higher. number two, between august of 1982 and 1999, november, the stock market was up 1,340%, or
gillian: extends beyond the differences between the house and senate versions of the bill. senator was right in that respect. ambassador bolton pointed out, the heart and soul of the senate version of this bill was the corporate tax rate reduction from 35-25%. i spent a great deal of time haggling over every percentage point on that scale. resident trump went out on saturday and said to reporters, business tax all the way down from 35-20. it could be 22 when it all comes out. you will see what ultimately shakes out. as under the difference of two percentage points. economists have now pointed out that would make a difference of about $200 billion of additional revenue. it sounds like the president is not really committed to the senate republic s version of this bill. kennedy: will look at this bill to the president s desk?
maria: welcome back republican lawmakers hoping they can iron out key differences between the house and senate tax bills during conference beginning tomorrow night, both chambers must agree on a unified tax bill before it can reach the president s desk for signing. art lacker is a former reagan administration economic advisor joining me now thanks for joining us. good to see you maria. boy what a good interview with marsha blackburn isn t she wonderful? maria: she was terrific. she s amazing she will be a great senator. maria: it looks like she s got the front row seat here the front runner so far. way ahead. maria: help me with this tax plan in terms of the senate and the house what strikes you as most important and how will it be different than what lands on the president s desk hope physically in the next couple weeks. there s one thing that bother s me a lot about it maria. i love the bill so don t get me wrong. i m way way plus on it but the delay of the corporate
perfect than this in the market. the market understands this well in the american taxpayer is wondering which side of the story is true. the truth is this is a big, bold progrowth tax plan and i would like to make sure it is per minute. not just for corporations but individual families and the corporate rates a big win good also for pastor entities. the corporate reform has meant c. corporations, the smaller family business, llc, partnerships at the individual rate. this gives to 25% as a much simpler way for corporations to be tax. 100% appreciation. for companies to expense. arthel: for corporations as per minute amount of the tax rate reduction for individuals and particularly the middle class that is just temporary. the race will go up after several years. correct. the senate bill that is their plan. this is the budget gimmick they fall short.