the dana: it s in the new tax bill with the republicans had yesterday. there s a lot of debate. i don t recall marc short a moment ago answered whether it raises it or doesn t, but the commentary suggests the top rates are going up. dana: you wrote about and you did a big piece on a new gilded age. what does that mean and how to the parties try to address that? you know, when you think about what s going on today and whether it s an economy like hoover or politics like donald trump s, we are in an age of disruption. you are seeing social and technological accelerating change. if you go back and try to understand when this has ever happened and how does it turn out in american history, what you find is to go back to the gilded age. in the gilded age, two elections of a 20 year period where the winner of the electoral college was not the winner of the popular vote. sounds familiar? you had red states and blue states. back then, read was on the north, blue was on the south. now
i think repealing the individual mandate is something that republicans have stood for four years ever since obamacare past. i do not see that as a lock. dana: you wouldn t mind listening to pelosi and schumer, nancy pelosi and chuck schumer yesterday? republicans ambushed the american people with his half-baked tax bill written in the dark to be raised through congress before it is understood. it raises taxes on the middle class. millions of middle-class families across the country. borrows trillions from the future. this plan is a tax burden that ought to be on the backs of the wealthy and the biggest corporations. but instead, it drops it squarely on the backs of the middle class. dana: we are about to see the battle of the sample tax family. republicans will put forward what they think will happen under the bill. the democrats will do it on their side as well. is there any possibility that democrats will be willing to
very small sliver of the country. they are going to be looking for what we call the distribution staples, who wins, loses. like we talked about before, you will see the battle of the sample families, where republicans will talk about in 2018, a two parent household making $60,000 seeing a big tax cut. democrats will find families that have significant itemized medical expenses where they might get a tax increase because they are losing mass detection. you will see all of these examples out there. it s going to be really challenging for taxpayers and voters to figure out everything that s going on. dana: my next question to you is chairman brady was doing an interview with political earlier today talking about how the president has said to him on many occasions and other members saying they want to include the repeal of the individual mandate from from a in this tax bill. maybe it s okay in the house, but what happens over in the senate side? there are some senators like senator con
look at the details of the plan, we are now hearing reaction from capitol hill from nancy pelosi. let s listen. today they have started to unveil a tax bill designed to plunder the middle class to put the to put into the pockets of the wealthiest 1% more money. while republicans ambush the american people with the half baked tax bill written in the dark to be raced through congress before it is understood, we already know some of what to be the truth. it raises taxes on the middle class, millions of middle-class families across the country, borrows trillence from the future, from our children and grandchildren s futures to give tax cuts to the wealthiest and encourages corporations to ship jobs overseas, and the budget ransacks medicare. she just slammed the bill.
democratic leader blasted the g.o.p. tax proposal. while republicans ambushed the american people with this half-baked tax bill, written in the dark to be in congress before it is understood, we already know some of what to be the truth. it raises taxes on the middle class, millions of middle-class families across the country. i bumped into a number of house lawmakers in the hallways who say they are very excited to get going on a major item on their agenda. they say this is not a done deal. plenty of work to get done. they are excited to get rolling. we are too. mike emanuel, thank you for that. let s dig right into this. let s start out with this. the median household income in this country, $59,000. so they are talking about an $1182 tax cut for the median household.