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congressman, that s an important point about the trigger and it s one of the reasons why the trigger is such a terrible idea. because we don t know what s going to happen and if there is an economic youp downturn that is the event that would make the trigger go into effect and raise taxes at exactly the worst point to do that. right? so that totally out of congress control at that point. so as an economic matter it s a very bad idea to institute a trigger. the smarter thing to do is pass a fiscally responsible tax cut in the first place and find wasteful corporate loopholes to close in order to make sure that this thing balances out in the right way from the get-go. first thing s first, find out what s on the menu for lunch and then figure out what happens in the budget committee, i will get the popcorn. not sure what you guys are going to bring. i hope it s alcohol because you can drink it because i won t for the next month and a half. great to see you. thanks so much. great to ....
Small and the worker benefits when it comes to wages and increased job growth. so i think those are the key tenants of republican vision for tax reform that they have to keep hammering home. going back to the partisan part this is a popular bill amongst republicans and john is right, this is going to be passed with pretty much strictly down the line party vote. as long as there is that buoy republican support for this, there is a good chance for this bill to become law. but i know i keep hitting on this, congressman, and i want to get you on this, what is quintessentially republican if it s not talking about tax cuts is also, deficit and tackling the deficit. bob corker said this morning on fox that that, obviously, is one of his huge hangups and how he explains his case, listen to this. i ve been a deficit hawk for 11 years. what i don t want do is lose my integrity and actually help hurt our nation and our children when we have $20 trillion in debt. ....
That some of the small businesses might not be getting the big tax relief the big businesses are. here s an important statistic, kaishgts everyone should really keep in mind as we re having this discussion. a university of chicago economist found 69% of all pass through income goes to the top 1%. so the risk here, the risk here fizz you give more relief to those pass through entities, in fact, it does continue to tilt tax reform here, these tax cuts, to the rich and to the well off at the expense of the middle class and everybody else. and this is why, i mean this is just one element that is a hangup, a very important hangup, for a couple senators. this is why breaking this down piece by piece is so important. because it can just get lost in the jargon being thrown around right now, and it s important for everyone to understand it. christine, thank you so much. discuss the pass through and hangups. former republican congressman jack kingsen to here, a ....