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Company and not employees, we could deduct a lot of our expenses and then under this plan pay 15% when somebody sitting next to us is paying 35% under this plan, or 35.6. there is a built-in unfairness right on the top of this one. ali, you saw that steve mnuchin wouldn t guarantee the middle class wouldn t be affected by this. what do you make of his lack of a guarantee there? it depends where you are and who you are. if you deduct, like, student interest or you deduct a student loan interest or you live in a state where you can deduct certain state deductions like we were just talking about, this may actually adversely impact you. you re going from 39.6% on your marginal tax rate to a top marginal tax rate of 15%. in theory that should be a savings but that depends on what deductions you re giving up. the one people use is the main interest deduction. so until we see more than a page, we can t really tell if people s taxes are going up or ....
He joins us now live. good morning, thanks for being with us. good morning. good morning to all of you. thank you. we ll have you back on to talk more about your book. but when we see these polls, the realclear politics average of all these polls, this lead for donald trump i mean it s, it s defying so many, what, so many pundits have been saying since the very beginning they didn t even think he d get in the race and look at him now 35.6%. is it that people just believe exactly what he says, that he s no nonsense? i think it s because he is touching a chord with the same people that are conservatives who believe that we have three major problems, and as someone said earlier, he is a fiery candidate. they want some fire in our president. to attack three big problems that mainstream usa and the conservatives recognize, but the political establishment basically don t do anything about. number one, this is a sluggish economy. it is not the new normal. donald trump projects the fac ....
You. there is a prn poll that has trump 35.6. we don t know what this poll is. but it, you know, the polling at this point is all over the place. get a little clearer this time next week. right. why would you say that trump would flame out? i mean he is still getting big crowds. he still draws a lot offed what is that based on? because i think that there is not enough there there. i think. oh, come on there there. what does that mean? he is entertaining. and he is like wash ago car crash and that keeps everybody engaged. he is very much an outsider and very critical of the establishment and that draws people to them. it s hard for me to see them being somebody who actually gets the nomination. i just don t think that he is somebody who is putting forward really reasonable and specific plans. things like, again, we go back to bill the law thing. it isn t a plan. i have to challenge that. if i were president i could bill a wall. i know. you could do anything. thank you. ....
You. there is a prn poll that has trump 35.6. we don t know what this poll is. but it, you know, the polling at this point is all over the place. get a little clearer this time next week. right. why would you say that trump would flame out? i mean he is still getting big crowds. he still draws a lot offed me attention. what is that based on? because i think that there is not enough there there. i think. oh, come on there there. what does that mean? he is entertaining. and he is like wash ago car crash and that keeps everybody engaged. he is very much an outsider and very critical of the establishment and that draws people to them. it s hard for me to see them being somebody who actually gets the nomination. i just don t think that he is somebody who is putting forward really reasonable and specific plans. things like, again, we go back to bill the law thing. it isn t a plan. i have to challenge that. if i were president i could bill a wall. i know. you could do anything ....
To come in the form of changing deductions and loopholes. the president says exactly the opposite. so one side is going to have to give. any bet which side it is likely it be? on that issue i think the republicans are going to have to give. it was a key issue in the election. and remember, it s unsustainable i think politically for boehner, forget the economics of this. i know people say that should be the only issue here. let s talk about the politics of it. it is unsustainable for boehner and the republicans to be in a position where they are blocking a tax cut for 98% of the americans because they want it protect tax rates of the top 2%. that may be right or wrong on its merits but politically seems pretty clear. you see more and more conservatives and republican office holders who are caving on that. maybe it wouldn t go up whole 4 1/2% from to 39% from 35.6 but i think it goes up to 37%. here s the point. in return boehner will ....