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Thank you very much again for being here. Thank you, gary for joining us. Bright and early. The topic is taxes, taxes, taxes. Well start off with alabama. Original. We had a lot of discussion about taxes with your colleague last night chl well go over that ground and more detail. And ask more some of the more longer term questions. Let me start off with something i did ask secretary last night. See how you answer it. Why is now a good time to be cutting taxes to be increasing the deficit significantly. Know estimates vary. This is a 1. 5 this will Immediate Tax cut. 78 of gdp. Total revenue is about 17 . Quite low. The economy is close to full employment. This is seems an unusual time to add such a huge amount to the deficit. Why now . So let me take that question into piece ts. You ask a loft different pieces in there. Lets start with the core issue here. When you look at whats happened to the u. S. Work force since the recession, ....
Too close to the Election Year but then the republicans were doing the same even passing simple bills together. So start by asking the question is there any point to buy partisanship anymore end what point does it serve . Bipartisanship means when you pass a piece of legislation that will serve the pass the test of time now one supports the other the other Party Immediately begins to try to unwind it. If you can get 70 or 80 percent success on the other side there is always some overlap then again that will stand the test of time and for what it is worth in the Foreign Relations committee, we never start a process without a bipartisan way with a marker on the intel committee. Do you agree . I agree. If there is one thing i have learned and why we do have had careers in the business with the idea to say i will take i ....
In the Senate Subway and the doors are closed and youre trapped taking questions from me. Well take questions from Facebook Live and the New York Times. Lets get into it. So we kind of take it as an article of faith that bipartisanship is good. Polling says we want people to work across the aisle. This is a good thing. We like bipartisan bills. But when we get into the nittygritty of governing, thats not really always the case, even though it has a positive connotation. I know that when democrats were in charge, republicans would say, we dont want to give them any victories, its too close to election year. And then when the tables turned, republicans were in charge and they dont want to help each other. Even pass simple things, simple bills together. We have to start by asking the question is can it happen and is there any ....
Lets get into it. So we kind of take it as an article of faith that bipartisanship is good. Polling says we want people to work across the aisle. This is a good thing. We like bipartisan bills. But when we get into the nittygritty of governing, thats not really always the case, even though it has a positive connotation. I know that when democrats were in charge, republicans would say, we dont want to give them any victories, its too close to election year. And then when the tables turned, republicans were in charge and they dont want to help each other. Even pass simple things, simple bills together. We have to start by asking the question is can it happen and is there any point to bipartisanship anymore . And what function does it serve . Senator corker, do you want to start with that . Sen. Corker sure. Bipartisanship means when you pass a piece of legislation, it will stand the test of time, when you pass a piece of legislation when you have no support from the other party, the othe ....