that would raise a quarter of a trillion dollars. $240 billion. there s a loophole in the system called stepped up basis. make a lot more $400,000 and i was going to pay x amount of taxes. if on the way to cash it in, i get hit by a truck and die, i was left to my daughter, there would with no tax paid. it s not inheritance tax, it was a tax due ten seconds earlier. we close that loophole, that saves us $400 billion over this period which is enough to pay for the child care tax credit.
welcome back. lawmakers are speaking out this weekend, questioning president trump s decision to let the saudis off the hook for jamal khashoggi s brutal murder. and the washington post, where jamal worked as a contributor, is calling on congress to act. trump defended his decision the other day, and notice who brought it up amid this q&a. it was cnn white house correspondent jim acosta. are you legislate the saudis get away with murder? murdering a journalist? no, no. this is about america first. they re paying us $400 billion plus to purchase and invest in our country. that s probably the biggest amount ever paid to the united states. don t you believe the cia they didn t make a determination. and it was just like i said. i think it was maybe he did,
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assessment that found saudi arabia s crown prince mohammed bin salman ordered khashoggi s killing, saying it could very well be the crown prince had knowledge of this tragic event. maybe he did and maybe he didn t. leaving for thanksgiving, the president defended his decision to side with the saudis. are you letting the saudis get away with murder? murdering a journalist? this is about america first. they re paying us $400 billion plus to purchase an invest in our country. that s probably the biggest amount ever paid to the united states. don t you belief the cia they didn t make a determination. maybe he did. maybe he didn t. they did not make that assessment. the cia has looked at it. they ve studied it a lot. they have nothing definitive. reporter: in a statement the president also appeared to buy into a saudi sphere of khashoggi, saying that jamal khashoggi was an enemy of the state and a member of the muslim brotherhood.
there is fierce backlash this morning from top republicaning after the president sided with the saudis over the murder of jamal khashoggi. the president has refused to accept the high confidence findings that the crown prince ordered the killing. it s about america first. they re paying us $400 billion plus to purchase and invest in our country. that s probably the biggest amount ever paid to the united states. don t you believe this cia? they didn t make a determination. just like i said, maybe he did, maybe he didn t. they did not make that assessment. we re going to fact check the president there shortly. but first we want to make this point. the president said he will not abandon saudi arabia in order to hold the saudis to account for the brutal murder of jamal khashoggi. the president is creating a false and misleading choice