consistent with the advice we ga irve to preserve credibility and if there comes. i think there likely will some time over a few years, a moment when the treasury secretary s credibility as he makes an economic or financial assertion is important i think people will look at him and see a man that believes in lab curve. see assertions beyond those that george bush once labelled as voodoo economics. that s got to be a concern as we look at our economic and financial future. you make an important point about treasury secretaries and their words, one of the requirements in living by that is to be very careful not to comment on many things. you get as treasury signature, there are questions thrown at you all day about things that don t have with your job. that s one of the areas you
families? i think it will be a boon for the middle class. the family deduction is going to double from 1000 to 2000. that is a huge boon for the middle class. i also think cutting the corporate tax to 20% will put more money into the economy and will allow businesses to hire more individuals and give individuals pay raises. i think it will be a boon for the entire economy which is good for everybody all the way down the line. anybody who s a fiscal conservative or a deficit hawk understands you cannot cut taxes and not also cut spending. this voodoo economics, simply click do not work out. put herself further in debt to china, loose sovereignty, go against all the promises of the 2015 election. the republican base has shown they have no interest in the establishment of the party
permanent. what s the rational for having corporations have that urgency of knowing they don t have to worry about what s happening in washington while families are going to have to worry about what politicians do for six or seven years? sure, those are the kinds of things being worked out by congress senate and house rules can become law. and the non-negotiables for us are met in both bills and we consider that good news. but the choices that the senate has to make in order to acquire a coalition to make this law are choices that the senate has to make. and we don t want to get in front of that process. value one way or the other whether the corporate tax cuts. [ inaudible question ] i think tax cuts permanent of course will have larger positive effects. i ll give you the last one. kevin, you melded politics and economics here quite successfully. and i would ask you political and economic question. you talked about growth covering what the congressional office and joint commit
supported from the beginning regular order, because he doesn t think we have to wait until the thing is law to learn what s in it. the right thing to do, expose the bills to scrutiny and debate and senator johnson, i met with him yesterday in his office, has serious concerns, and it s appropriate at this point in the legislative process ta bring those forward. i m hopeful people will work it out and even democrats will vote for. i m not sure about the etiquette for follow-up. i ll try to limit people to one because there s a lot of hands. trickle-down economics will work this time when it hasn t worked before? so trickle-down economics is something that i guess people who criticize the idea that taxes affect the economy will use to carrick size approaches like the one we re pursuing, but i don t think the idea that s celebrated by even the non-partisan staff of the oecd, lower margin the rates you get economic growth is voodoo
slashed. we ve had wages slashed since like 1999 in real dollar terms. we have to put the squeeze on employment, the scarcity of implement will raise rages. we can t keep doing amnesty that bring more amnesty that bring more people into the country and keep working-class wages low either. i think there are millions of high-paying career jobs for a lot of people and that s going to be fundamental for a lot of people. ragin, when he d cut from 70-20 percent, the predictions were voodoo economics. jobs were created, a period of peacetime and revenues doubled to the federal government. look, if he does everything else i think that covers the economy. what do you think about the battle that s been going back and forth schumer, pelosi and the president dana we don t get the wall, we don t get any deal on anything. what is your general thoughts about what s been happening all