Transcripts For MSNBC The 11th Hour With Stephanie Ruhle 202

Store my President Biden gets tonights last word. The 11th Hour with Stephanie Ruhle starts now. Did evening, once again, and thank you for joining us for a Special Edition of the 11th Hour. Im Stephanie Ruhle live from Carnegie Mellon University In Pittsburgh where today, Vice President Kamala Harris laid out her economic vision for this country. We will have my full Oneonone Interview with her in just a couple of minutes. But first, there is major Breaking News in new York City tonight. The mayor, eric adams, is expected to face federal charges as early as tomorrow. Adams said that any charges against him would be entirely false and based on lies. I want to bring in former u. S. Attorney joyce vance, who spent 25 years as a federal prosecutor. Joyce, i leave new York City for one single night, and the whole place goes on fire. What do we know, and where does this whole situation go from here . Right, so clearly you cant ever leave again. What appears to be the case here is that Federal Prosecutors have gone to a grand jury, they have obtained an indictment that has been sealed. That is why we dont know any of the details. Of course, while it is sealed, No One on the Government Side of the equation can release any details about the indictment or even its existence. So it is very likely that what we are learning comes from the Defense Side of the equation, but certainly not from Law Enforcement or prosecutors. What does it tell you that this is the same Department Of Justice that Donald Trump accuses of Conducting A Witchhunt against him, is now indicting a democratic mayor . Right, look, Donald Trumps allegations serve Donald Trump. And they are stirred simply not the truth. I am a 25 Year Veteran of the justice department. Federal prosecutors have a northstar, and that is the rule that you can only indict a case when you have sufficient evidence or you believe you have sufficient evidence to obtain a verdict at trial and to sustain that verdict on appeal. Every federal prosecutor i know evaluates their evidence against that standard. They dont worry about if it is a democrat or republican. They are worried about doing justice. That is what the Southern District Of New York will have had in mind as it conducted this investigation and prepared this indictment. Thank you, joyce. We will be all over this tomorrow morning, but for now, lets come back to pittsburgh. Because there are 41 days until election day, and today in a speech at carnegie mellon, Vice President harris gave details about her economic vision for the country. Afterwards she sat down with me for an exclusive interview, her first Oneonone Interview with a major network since becoming the democratic nominee. Sit back and take a look. Madame Vice President , you just laid out your economic vision for the future. But still, there are lots of americans who dont see themselves in your plans. For those who say these policies arent for me, what do you say to them . Well, if you are hard working, if you have the dreams and the ambitions and the aspirations of what i believe you do, you are in my plan. I have to tell you, i really love and am so energized by what i know to be the Spirit And Character of the american people. We have ambition. We have aspirations. We have dreams. We can see what is possible. We have an incredible work ethic. But not everyone has the access to the opportunities that allow them to achieve those things. But we do not lack for those things. But not everyone gets handed stuff on a silver platter. And so, my vision for the economy, i call it an opportunity economy, is about making sure that all americans, wherever they start, wherever they are, have the ability to actually achieve those dreams and those ambitions, which include, for middleclass families, just being able to know that their hard work allows them to get ahead. Right . I think we cant, and we should aspire to have an economy that just allows people to get by. People want to do more than just get by, they want to get ahead. And i come from middleclass. My mother raised my sister and me, she worked hard, she saved up. By the time i was a teenager she was able to buy our first home. And, you know, homeownership for too many people in our country right now is elusive. Gone is the day of everyone thinking they can actually live the american dream. So, part of my vision for the economy is lets deal with some of the everyday challenges that people face and address them with Common Sense solutions, such as affordable housing. Over the last four years there have been tremendous economic winds, and youve just laid out a big plan. But still, polling shows that most likely voters still think Donald Trump is better to handle the economy. Why do you think that is . Well, here is what i know in terms of the facts. Donald trump left us with the worst economy since the great depression, when you look at, for example, the employment numbers. It was during covid, and employment was so high because we shut down the government, we shut down the country. Even before the pandemic. He lost Manufacturing Jobs by most peoples estimates, at least 200,000. He lost manufacturing plants, ask the autoworkers how he lost auto plants. We have grown over 20 new auto plants. He has an agenda. Lets just deal with it right now, going forward, not to mention what happened in the past. He has an agenda that would include making it more difficult for workers to earn overtime, an agenda that would include cutting off access to Small Business loans for Small Businesses and an agenda that includes tariffs to the point that the average Working Person will spend 20 more on Everyday Necessities and an estimated 4000 more a year on those Everyday Necessities. To the point that top economists in our country, from nobel laureates to people at moodys and Goldman Sachs have compared my plan with his and said my plan would grow the economy, his would shrink the economy. Some of them have actually assessed that hiS Plan would increase inflation and invite a recession by the middle of next year. So, the facts remain that Donald Trump has a history of taking care of very rich people , and im not mad at anybody for being rich, but they should pay their fair share. But Tax Cuts for the billionaires and the top corporations in our country. And that not really paying much attention to middleclass families. My perspective on the economy is when you grow the middle class, Americas Economy is stronger. And there is empirical evidence to prove my point correct. And let me ask you about taxes. Because lots of people will say i dont like Donald Trump, but he cut my taxes. He did not just cut corporate taxes, he cut individual taxes. Now, that expires next year and there are some people confuse, saying i dont know whats going to happen next year. Under a harrahs administration, at what Income Level should someone expect their taxes to go up, and that state and local Tax Deduction that is currently capped and matters to a lot of people in blue states, they are going to lift that cap . So, first of all, when it relates to anybody making less than 400,000 a year, your taxes will not go up. Your taxes will not go up. And in fact, under my plan, taxes for 100 Million americans will actually be cut, including 6000 a year for young couples, for the first year of their childs life, and a taxcut, a tax credit, essentially. By expansion of the child tax credit. And why is that . Because during the first year of a young couple, of a childs life, they are going to need help buying a crib, buying a car seat, and we all benefit when they are actually able to do what they naturally want to do to take care of their child. And extending that child tax credit, or you mentioned housing before, getting that extra money for a first home. If you Cant Raise corporate taxes, or if gop takes control of the senate, where you get the money to do that . Do you still go forward with those plans and borrow . Well, but we are going to have to raise corporate taxes. We are going to have to raise, we are going to have to make sure that the biggest corporations and billionaires pay their fair share. That is just it. It is about paying their fair share. I am not mad at anyone for achieving success. But everyone should pay their fair share, and it is not right that the teachers and the firefighters that i meet every day across our country are paying a higher tax than the richest people in our country. Bill gates just added this week. If he was in charge of taxes he wouldve paid more. But how do you find that line, to make sure corporations are paying their fair share, but they are not leaving our country . Listen, i work with a lot of ceos. I have spent a lot of time with ceos. And i want to tell you, that the Business Leaders who are actually part of the engine of Americas Economy agree that people should pay their fair share. They also agree that when we look at a plan such as mine, that is about investing in the middle class, investing in new industries, investing in bringing down costs, investing in entrepreneurs like Small Businesses, that the overall economy is stronger and everyone benefits. Part of my plan for the economy is investing in new industries in a way that we have partnership with the private sector. I have worked with the private sector my entire career. Even as Vice President , working with some of the biggest banks and biggest Tech Companies to increase by billions of dollars the money going into community banks, to increase access to capital for Small Businesses. Why do those biggest corporations and ceos do that . Because they know those kind of investments, like in our Small Businesses, in startups and entrepreneurs actually strengthens Americas Economy overall, and everyone benefits. This is not about bilking anybody, it is certainly about saying lets make sure we create opportunities for everyone to grow wealth. I believe that it is not sufficient and it should not be our goal to just make sure everyone is working. That should be the baseline, that should be a given. And lets create an economy where people have the ability to buy a home, to start a business. To take a nice vacation from time to time. Right . For people who want to buy a home, yes, getting a 25,000 kicker would be great. But it is not just affording a home. We dont have enough in this country. You are absolutely right. And one of the main problems are regulations and rules, strict, strict rules at a local level. How does the federal government cut through all that Red Tape and get down to, i know, the suburbs of pittsburgh and say we have to a build affordable housing here. How do you connect the two . You are absolutely right. Across the country people are rightly concerned about the cost of housing. Homeownership, to your point, we need more supply. That is, without any question, part of the solution. Creating more supply under my plan includes creating tax incentives, to work with the private sector and homebuilders. Part of my goal and the plan would be to create 3 Million new Housing Units for rent and for ownership by The End of my first term. It includes also what we must do to cut Red Tape, you are absolutely right. It takes far too long and there is too much bureaucracy associated with homebuilding. And i say that as a devout public servant. I know that we have to reduce the red Tape And Speed up what we need to do around building. And that is going to require working from the federal level with state and local governments. And it is going to be different in different places, depending on the needs of that community, the needs of that local government, that municipality. But working in consultation and coordination, and also around incentives that we can create, for example, some of the work is going to be through what we do in terms of giving benefits and assistance to state and local governments around transit dollars. And looking holistically at the connection between that and housing. And looking holistically at the incentives within the federal government to create for local and state governments, to actually engage in planning in a holistic manner that includes prioritizing affordable housing for working people. When we come back, a whole lot more of my exclusive interview with Vice President Kamala Harris. We will talk about Donald Trumps broken promises for Union Workers, abortion, immigration, tariffs, and even the Vice President s time working at mickey ds. The 11th Hour getting underway on a very busy Wednesday Night from Carnegie Mellon University In Pittsburgh. Meet the jennifers. Each planning their future through the chase mobile app. Hellooo new apartment. One bank for now. For later. For life. Chase. Make more of whats yours. Thursday Night Football on prime. Its on. Ready to have some fun . Yeah, lets do it. The Dallas Cowboys take on the new york giants, as Thursday Night football is on. 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Tell your doctor if you are or may become pregnant. Disrupt the Itch Rash of eczema. Talk to your dermatologist about rinvoq. Learn how abbvie can help you save. We are back with more of my exclusive interview with Vice President Kamala Harris from pittsburgh. Let me ask you about business that matters a lot to this town. U. S. Steel. When you think pennsylvania, when you think pittsburgh, youve got the Liberty Bell and u. S. Steel. The japanese company wants to buy them. You are opposed to this idea, many people are. But if the deal is not go through they is that people can lose jobs, they could close mills, they could leave the state of pennsylvania. That is like moving the Liberty Bell to newark. So which is most important . It is most important that we maintain Americas Ability to have American Manufacturing of steel by american workers, for a number of reasons. Which includes, again, back to the point of growing our economy and how i thi