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Saying, i told you so. if you re senator joe manchin, which is why he has been trying to be a one-man blockade, much to the derision of democrats and progressives alike, but one of the many reasons that he has been saying, no, particularly when it was never mind $7 trillion but even $3.75 trillion is, he he argues coming from a state where donald trump won by, like, 40 points that that isn t the way that democrats can win back and it s not the right prescription for the country. so, the answer to your question, alisyn, is, democrats who i talk to believe both. both they do need to deliver. the big thing is the bipartisan infrastructure bill. but they believe, they argue, wholeheartedly, that passing a bunch of programs that will, from their perspective, make ....
Elizabeth warren s wealth tax would raise less revenue than the campaign estimates. this was a study done by the penn wharton budget model. they found the revenue brought in by elizabeth warren for her proposed wealth tax would be much less than her campaign is suggesting. the new report says it would raise $2.7 trillion over ten years but according to elizabeth for an s campaign she says would raise 3.75 $3.75 trillion in federal revenue over the next decade. so some discrepancy there you can see. always great to have you join us, we appreciate it. just call it 20/20 vision. the second half of the 2020 sign unveiled in times square. if you are in new york you can take a selfy with the numbers until december 19th when they are hoisted up. the time is 15 minutes until the top of the hour. it is a 4 of our 12 days of ....
You look at things in terms of wealth, that s fine. but if you look at it in terms of spending, the issue changes. the 1% doesn t drive this economy much the government does not drive this economy. in terms of discretionary spending, they re only spending 24%. the consumer is driving it. about 4%. there s 46% of the people in this country that control 77% of all discretionary income. about $3.75 trillion a year. that s more than germany makes in a year. there s plenty of money in this country. there s no shortage of money. it s just in the wrong hands. we re not putting it in the right places. the big idea is talking about creating the hole in the economy. allison, my little lefty spirit is just down with the occupiers. but i the very notion of if you put ten occupiers in a room, you get ten different ideas, you ve been covering it as a journalist. how do we get sort of this ....
Alexander, this idea of $3.75 trillion in deficit reduction with components for both sides. there would be new revenue, but entitlement reform which is something that has been worked on for months and many folks thought it was the last best hope and it got president obama s endorsement and not completely, but he said he is looking more to it, and it will run into two main problems so far that we have heard of. number one is the house representatives, and there is no indication of whether or not the house gop would accept this plan, because it has a revenue-raising aspect to it, and a lot of the republicans see it as a tax increase, and one gop aide said that they understand the cut, cap, balance bill will not go through the united states senate and they don t like the mcconnell/reid compromise to the debt deal, and there a huge appetite for something else out there, and this is going to suffice? it remains to be unknown, but two, it is a tight countdown to august 2nd and is there enoug ....
Thought had gone to the wayside here on capitol hill, and this morning the gang of six, again, and gang of seven rejoined by tom coleburn and lamar alexander, this idea of $3.75 trillion in deficit reduction with components for both sides. there would be new revenue, but entitlement reform which is something that has been worked on for months and many folks thought it was the last best hope and it got president obama s endorsement and not completely, but he said he is looking more to it, and it will run into two main problems so far that we have heard of. number one is the house representatives, and there is no indication of whether or not the house gop would accept this plan, because it has a revenue-raising aspect to it, and a lot of the republicans see it as a tax increase, and one gop aide said that they understand the cut, cap, balance bill will not go through the united states senate and they don t like the mcconnell/reid ....