plus, we will talk democratic strategy on confirmation hearings and beyond. i think you have to be careful and particularly in a new administration with an untested president. how the president-elect can test the limits. this is mtp daily and it starts right now. good evening. i m in for chuck todd and we begin with breaking news. donald trump and his legal team settled in the trump university lawsuit. it appears the president-elect will not have to go on trial before heading to the white house. trump and his defense team agreed to pay $25 million, but the ag s office told nbc news it doesn t include an admission of wrong-doing. let s go to it with pete williams. can you break it down for us. the trial that was going to start in california would be a huge distraction and they asked the judge to delay it. the judge has been urging all sides to settle and now a settlement has been reached. the attorney general announced the settlement a moment ago and said it s $25 mill
the trump tax plan, one that could give business and individuals a big break but could also blow a multi, ready for this, trillion, trillion dollar hole in the federal budget. you re in luck, i m not just in d.c. with me i ve got the best team in the business to break it down. i want to take you first to nbc s kristen welker live at the white house. kristen, we know president trump is busy tweeting up a storm this morning. but talk to us a bit about his tax plan. what do we think is in there? okay, steph, here s what we know so far. today s announcement will essentially be a blueprint of the president s tax principles and priorities. steve mnuchin and the president s top economic advisor expected to roll out the details a little bit later on this afternoon. the headline of this, steph, the proposed slashing of the business tax rate to 15%. now here s the key. it will apply to big corporations and also small businesses as well as real estate firms, like president trump s. ai