i do not want the trump tax cuts perpetuated, but i don t want anybody to think if we don t address those right now, that they re off the take. we will use them for something at some point. you can t use the wealth tax and tax the billionaires, which is what we should be doing and let corporate american off the hook. corporate american will be paying because of the overseas tax and some of the other provisions that are very technical to go into right now. we ll know more tomorrow to see what makes the cut, and then worth the time to go into it. there is also the issue of the debt ceiling. that s a separate issue. but in terms of how you get it through the congress to president biden s desk may be separate, maybe not. congress acted to raise the debt league through december 3rd. after that minority leader
well, i consider it utterly sev essential that the debt be raised. it s inconceivable that the u.s. says it s unwilling to pay the bills it s agreed to spend. it is about paying the bills that result from past decisions of congress about spending and taxation. it would be utterly catastrophic, something that has not ever happened in the history of america. our assets, our treasuries are regard as the safest assets on the planet, because america can be counted on, always has, to pay its bills. i personally believe this is as responsibility that republicans and democrats should share, that it s something that both parties
mcconnell says you re on your own. a default would be devastating for the american economy, for the world economy. are you willing to attach raising the debt ceiling to the social safety net package? or if not, to use reconciliation which means only 51 votes needed? that s one path. we ve hoping you have to bipartisanship. we didn t participate in giving a tax cam to the top 1% part of this debt is about 3%, the former president when he was in