Transcripts for MSNBC Morning Joe 20240604 10:46:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
additional $80 billion of funding that biden and congress are providing to the irs all this green are the extra revenues that they project they will collect between now and 2031, $177 billion of extra revenues, which gives you a net cumulative of $100 billion of deficit reduction over this period of time, between now and 2031 not only are we going to get, w hopefully, people to pay their fair share of taxes, we ll make a noticeable dent in the budget deficit, which we all know is a huge problem that needs to be addressed. so it is a win-win for everybody except people who are trying not to pay what they really owe to the irs. yeah, some important numbers in there perhaps most important of all, steve, to your second chart, four-minute hold times we re down to with the irs only take so much of that music. that s some good news. former treasury official, morning joe economic analyst, steve rattner, thanks so much. ahead, we ll look at the
back on all other purchases and with greater spending potential , keep making smart ideas. brilliant reality. card from chase for business make more of what s yours wondering what actually goes into your multivitamin at new chapter innovation, organic ingredients and fermentation fermentation formulated to help your body really, truly absorbed the natural goodness. new chapter wellness. well done. did you know there s no t in sketches never had. this is gps. the global public square. welcome to all of you in the united states and around the world. i m fareed zakaria coming to you from new york. today we ll devote most of the program to the global power struggles. we are witnessing america versus china. america versus russia. that will give you a republican roadmap for how to compete with china, with david mccormick, former top treasury official hedge fund ceo
welcome back to morning joe. we are expecting more key inflation adata after the labor department report rose consumer prices rose 0.1% in march. it marks a slowdown as the fed weighs its next move on interest rates. joining us to make sense of the numbers, former treasury official, morning joe economic analyst, steve rattner at the big wall with his big charts steve, good morning. what are you looking at? good morning, willie. well, we had inflation numbers sorry yesterday, as you said, and the news was basically pretty good. let s look at it a couple ways first, we have headline inflation, which is all the prices put together. you can see there, we climb that mountain these are year-over-year numbers. then we came down the mountain you can see the monthly increases coming down. this decline is heavily driven by things like energy, gas prices having peaked after that terrible time about a year or so ago, food and so forth