Incredibly sobering piece, anybody could be subject to retribution. Dont forget, you can watch outfront, any time any where, just go to cnn go. Acc 360 with Anderson Cooper begins right now. Good evening, thank you for joining us, a busy day at the white house, the president announcing his tax plan but what will it mean for you and who will pay for it . And about the president s unusual statement that hes looking at options to break up the Appeals Court where judges have blocked some of his kb executive action. But we begin with a meeting at the white house that was so unusual that not even President Trump all but summoned them there for a briefing on the increasing tensions with north korea. Some said on leaving that they thought it was just a photo op
for the white house. Just today north korea conducted an artillery drill, designed to annihilate the u. S. Imperialists bases of aggression, their termology. What more are you learning about this briefing at the white house . Well, anderson, it was important at least at the white houses view for optics that the senators all came over here to in building. I was told by a Senior Administration official, that optics were indeed a central reason, not just for domestic political reasons, but to send the message abroad to north korea and china and elsewhere that the u. S. Government was speaking with one voice here and the level of gravity of this meeting was heightened in view of the white house by having it all over here. I talked to some senators afterwards, including some democrats who were not nearly as
take away from the meeting . Anderson, i seriously felt like i could have gotten all that information by reading a newspaper, i did not see any new information coming out of that meeting to me, it felt like a dog and pony show more than anything else. Kwhwhy do you think the whit house would do that . It might have to do with his first 100 days in office. But those that kairm there to brief us, came back to the capitol to brief the 400 members of congress and i talked to some of my former colleagues in the house and they said there wasnt anything new in their briefing either. Was there not a room big enough at the senate . Theres actually not a room at the white house thats big enough for 100 senators, we have that room here in the senate, here in the capitol complex. But they didnt talk about any Military Action in this briefing. Essentially youre saying this was a photoop or Something Else to put on a list of accomplishments of the first 100 days. They successfully got 100 people on three busses and tying up traffic in washington, d. C. To get us over there for a briefing. Do you think the white house carings more about optics. Si wish the white house would actually care more about getting stuff done instead of coming out with rhetoric and tweets, lets come out with some real policy that can actually move forward. For a long time ive been talking about the need for infrastructure investments, lets talk about that. Ted cruz says north korea is one of the most dangerous spots at the moment. The white house is ratcheting
up the rhetoric, what happens when north korea does something that they have tested a missile, are we then bound to attack them . Im just very concerned that the white house is Ratcheting Up Rhetoric but has not come to the house or the senate or the members of congress with a real plan on what they would like to do. Thats the one place where he seems like hes willing to initiate Military Action, my concern is that hes moving forward without any real plan and that anything that he does will be much more knee jerk. Look, if north korea does anything that will endanger japan or south korea, we have a treaty or alliance with those two nations and of course we will come to their aid, if they try to attack the United States, of course we will come and defend our home land. But i didnt see anything in the briefing today that talked to any real specific plans that the white house had for what theyre
going to do to get north korea to actually scale down their nuclear capabilities. Coming up after a short break, more big news from the white house, the president s tax plan or outline might be a better word, what is in it and what a lot of people are pointing out is not in it. Were keeping them honest next. And then later, President Trump says he absolutely wants to break up the 9th Circuit Court of appeals, and well talk about whether thats something the president can actually do, ahead. When you have allergies, it can seem like triggers pop up everywhere. Luckily theres powerful, 24hour, nondrowsy claritin. It provides relief of symptoms that can be triggered by over 200 different allergens. Live claritin clear. So i stepped on this machine and got my number, which matched my dr. Scholls custom fit orthotic inserts. So i get immediate relief from my foot pain. My knee pain. Find a machine at drscholls. Com. Mone hundredts thousand times a day, sending oxygen to my muscles. Again so i can lift even the most demanding weight. Take care of all your most important parts with centrum. Now verified non gmo and gluten free. Now which learn he has no intention to. The president has no intention, the president has released plenty of information and i think has given more Financial Disclosure than anybody else, i think the American Population has plenty of information. You can decide for yourself if you have plenty of information, we dont know how the president s bottom line would be affected by this tax plan, and keep in mind, we dont know one really important thing, the price tag, there are cuts and how it would be paid for, Bullet Points with about 350 words or so. The theory is that its going to pay for itself by stimulating the economy, there will be new tax revenues, company also hire more workers, thats the idea, thats the cheery. All we got today was the broad details and the cuts. There is real concern about the plan mobile exploding the deficit, which is interesting considering what we heard from then candidate trump during the campaign. We owe 19 trillion as a
country, and were going to knock it down. I will do everything in my power not to touch Social Security and to bring down our deficits. Im the king of debt, nobody knows debt better than me. I understand debt better than probably anybody. I know about debt than practically anybody, i love debt. I am the king of debt, i love debt, and i love playing with it. I also love reducing debt and i know how to do it better than anybody, its tricky and its dangerous and you have to know what youre doing. I have made a fortune by using debt. If things dont work out, i renegotiate the debt. How do you renegotiate the debt . You go back and say, you know what . The economy just crashed, im going to give you back half. A lot of big pronouncements from the white house, but again, it really was one page bullet
points, less than 250 words. We obviously have to wait for more details. But the sort of big picture stuff, i think we can talk about which is in idea that the tax cuts can pay for themselves through economic growth. I know someones going to bring up ronald reagan, while the truth is the deficit exploded and reagan did raise them in 1983, bush 1 raised them and then bill clinton raised them and so did the deficit. So you have to balance this out, you have to accept the fact that while the economy may be stimulated, youre still going to end one a deficit. Does this benefit the people who voted for donald trump . Of course it does. I mean the reagan tax cut its to save taxes, an llc, i mean i have an llc. It may be good for me, but im not sure theres a lot of coal workers or miners that have llc. It was the reaganclinton combination that brought down the deficit, that balanced the budget eventually, that caused about 20 years of economic growth. Do you really believe these tax cut also pay for themselveses . You have to have the cuts in spending to go with them. Therein when Ronald Reagans political problem, because the republicans controlled the house, they didnt control the senate for the first few years, but they did control the house which controls the Purse Strings and that was tip oneill and he wasnt going to go down that path. And in the Clinton White house, we got there with balanced budgets. He doubled the federal
revenue. But he also ended the cold war, so that bill clinton could reduce defense spending, yes . Remember that . That just seems like a stretch to me, i mean we have to accept the fact that his economic plan did lead to a huge deficit, and ultimately taxes had to be raised to pay for that deficit. Because democrats would not cut spending. Im not im not even making this a democrat versus republican, im just talking about facts that at some point taxes have to be raised, right . Is it possible this thing is going to pay for itself . Alexis is laughing. I am laughing because i dont want to get in the middle of that conversation. The way i would characterize this in is in two factions, one this is all about stimulant. What theyre focused on right now, how do we increase jobs, how do we increase investment and how do we get spending going in the economy . And what we have witnessed since election day, if you look at the dow and the s p, they have priced in a real pro Growth Strategy that they have not yet been able to deliver. So what you saw today, particularly around Corporate Tax rates is how do we stimulate the economy, how do we create jobs, and what theyre talking about, just in terms of repatriating, bringing dollars from overseas back to the United States. If you look at Companies Like microsoft, oracle, they have hundreds of millions of dollars oversea, if you bring a couple of trillion dollars back into the United States that could be dividends that are in your Retirement Savings and other things. The other part of this is simplification, thats what they talked about today, so to me its about stimulant and simplification of the code so that we cannot spend 700 billion hours on filing your taxes. Its the first step in the right direction, but i like what they said, they were realists, they said were not going to get it done by august, if we get it done by the end of the year. So to me, i actually like the way they laid out the plan today. Matt . No, i think that its this is a very good start. I dont think that tax cuts pay for themselves, but i do think that it will generate some revenue, i think that this could stimulate the economy, put people back to work, which was one of Donald Trumps plans, the potential problem that theyre going to have, though, is, you know, the devils in the details, as you said, but in order to do this through reconciliation, which they want to do, it has to be revenue neutral. You can try to score it dynamically, and we could make an argument that using the
curve, these taxes will pay for themselves, but theyre going to have to find a way, maybe its the cbo score, but theyre going to have to show that its revenue neutral, thats not going to be easy to do to get through the senate. How does giving an Estate Tax Break to incredibly wealthy people, at this point its people who are giving more than 5 million in their estates, how does that Help Somebody whos they get hired by people who have the money to hire them. Poor people dont hire poor people. People who have money hire poor people. So kids who inherit large amounts of money, they dont just sit on that money. Theres a moral aspect to this. I mean if your great grandfather built up a farm and this gets passed down and then you are going to lose the farm because of taxes, thats a lot of buckings right there, because thats not fair. We know at the other end what happens. All this money go into the federal government and basically its divvied up by politicians who hand it out to their buds. Its like crony inch, thats bad. The estate tax actually does, and i dont know what his plan is, i mean if it would affect where the line is for him. But it currently definitely affects people who are not multimillionaires. It does affect people who, i have a friend who inherited a family home and had to sell it because she woucouldnt afford taxes on it. Look, our tax system is broken, theres no question, it needs to be looked at and needs to be fixed. There are some good things in this plan, i think the Corporate Tax hate should be looked at, and the Bigger Picture has to be considered about the deficit which actually does matter. So, youre saying like, theyre going to have to make it revenue neutral or definite neutral or
just do what bush did and have them expire. If you know theyre going to expire, youre not going to reinvest it in your business. Or that gdp is going to go to 3 from 2, thats what theyre counting on. The president takes his anger out on the 9th Circuit Court of appeals, he threatens to break it up. Well also discuss legal questions with Jeffrey Toobin and laura coats. Get your ancestrydna kit. Spit. Mail it in. Learn about you and the people and places that led to you. Go explore your roots. Take a walk through the past. Meet new relatives. And see how a place and its people are all a part of you. Ancestrydna. Save 20 through wednesday at ancestrydna. Com red line, 20 minute delay. Oh, no. Rhythmic Clatter cant get a signal . So annoying, right . Yeah, and im late for a job interview. Hey, man, can you just nix it, just for like two seconds . Thank you. You need verizon. They have the largest, most reliable 4g Lte Network in america. Its made to work in places like this. With verizon unlimited, we could video chat the interview in hd right here. Okay. Hey, man, ill cue you. vo when it really, really matters, you need the best network and the best unlimited. Just 45 per line for four lines. Im a people person. Drumming Resumes
sarah, what did President Trump tell you about the future of the 9th circuit . Reporter President Trump said that he would consider proposals that are now in congress to break up the ninth Circuit Court, there are republicans who have been trying to achieve this legislatively for years now, this is not a new idea, this is why i asked him about it. There are republicans who want to carve out a 12th circuit from states who are under the jurisdiction of the 9th. This is what trump called it was judge shopping, he said that the concentration of liberal leaning judges on the 9th circuit creates an atmosphere for politically motivated parties to get their preferred outcome. When President Trump said he wanted address the overreach of the 9th circuit, how he views it. This was based on a question
you asked particularly about breaking up the 9th circuit, sometimes hell say, oh, yeah, im looking into that or did he bring this up on his own . Reporter hes actually mentioned his plan to break up the 9th circuit previously. Obvio its not new that they have scene a lot of their Signature Policies halted by those judges so its not surprising that President Trump would back a preexisting republican plan to break up the 9th circuit, its supported by republicans like john mccain and dan sullivan in the senate. The first 100 days obviously are close to wrapping up. Did he time pleased with how things were going . How did he seem . I asked him to give himself a
grade and he did give himself an a. He stressed that he did get to sign several pieces of legislation, he said that by saturday, he expects that he will have signed 32 bills, and it seems like where a lot of that is coming from is the Republicans Congressional Review at to redo obama era regulations, but once the Congressional Review Act window closes, they wont be able to use that tool anymore after friday and the pace of legislation will likely slow a bit. I want to discuss this now with our cnn legal analyst Jeffrey Toobin and laura coats. The president s proposal to break up the 9th circuit, is this something he can do . He cant do it, congress has to do it. But this is not new, this has been proposed for decades to try and break up the 9th circuit and
break what is regarded as a little bit ral bastion in the court of appeals, but that can only be done by congress. Congress added an 11th circuit, they split up the 5th, so this is not something thats wildly unprecedented, its just not something that the congress has decided to do. Hes argued that its basically forum shopping, but in order to change and break up the circuit, it would have to be based on bureaucratic backlog or inefficiency, not on ideological progress of the United States. 18 of its 25 tsangs are appointed Bier Democrats which obviously are going to perhaps infuriate a republican president. But its not appropriate to break it up if its based on ideology as opposed to
injustice. President obama did it during a State Of The Union address, criticizing citizens united. Its about blaming the message versus the messenger, and basically what trump is doing is saying the messenger is the problem. How can someone criticize the judge . I love how everybodys getting the vapor over these judges. These judges are appointed for life, why shouldnt they where criticized . I dont know why donald trump cant criticiz