with columnists from the guardian, stephanie baker of bloomberg news and work of the sydney morning herald. so, cuts to income tax, corporation tax, national insurance and stamp duty and removing the cap on bankers bonuses. it will cost tens of billions and the government says it will boost growth, the labour party say it will reward the rich. stephanie, let s start with you. is this gamble for growth that s going to pay off? it s certainly a gamble, but i have doubts about whether it will pay off. kwasi kwarteng says he want to booth grouped by two and a half percent. but that s delivering a bit of a sugar rush, and i m not sure that will be sustained over the long term. some people have compared this to hitting the accelerator and slamming on the brakes at the same time because what you have is on the one hand, the bank of england trying to control inflation. trying to cool demand by hiking interest rates while the treasury s pumping money into the economy. so i think tha
through a $433 billion climate and social spending bill after getting the green light from joe manchin. promising the bill will not raise taxes or make record inflation even worse. last year you said the american rescue plan, the covid relief bill would not cause inflation. so why should americans believe you now and you say this new bill will not exacerbate inflation? i made sure that i don t make that mistake again, that s the bottom line. it does not raise taxes and i have said this before all we did was cause loopholes. this is a red, white, and blue bill, honest to god. jesse: a new study says that it will raise taxes on those not making $400,000 a year, but the white house says it will get by. that is incorrect. so the joint taxation which you guys heralded as an effective value when you are the infrastructure package is not to be trusted here? i said it is not correct because it will be incomplete. jesse: republicans slamming the spending plan even sayi
governor gavin newsom reportedly working to reel in big-money donors just in case an opportunity arises to secure a top spot in the party s ticket in 2024. todd: more about these opportunities in washington with more. good money, talk and kali. let s start with this. the white house wants to make sure that you know when prices go up, it has nothing to do with joe biden. when it comes down, he does get the credit, the white house advisor joe bernstein turns out that way. speak i very much disagree with that women care to think what s happening here the president was working tirelessly to address the largest constraint, probably the toughest constraint facing american households right now, the budgetary impact of these elevated prices, and were showing you here today the real results, partially the partially deprived from concrete efforts he s taken. speak of this after the white is a immigration director, kate barrington sent out a memo frustrated that are getting enough
lately he has a good voice. des moines, iowa, i don t know if you watched fox nation i watched speech in des moines. ainsley: what is the red. steve: he i think it s lighting. ainsley: what did you see? steve: red long light. ainsley: in the middle of the post. steve: the way they lit. ainsley: see, right there on the right. what is that, brian? brian: let me get into that. ainsley: is it a crane? steve: it s just the way the light is. ainsley: on the side of that building, i see. brian: looks like they are working on something and took the weekend off and they are not up yet. so, again, there is no water and no there is no sunrise. but i do get the sense that iowa is going to matter very soon. after november, on november 9th it s all going to be about iowa. steve: i used to work in downtown des moines when i worked for woi the abc affiliate. then owned by iowa state university even though it was a commercial thing it was kind of complicated. i worke