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One important thing to remember is the democratic leadership doesn t need for it to be constitutional to pass congress. for those trying to get the build back better deal done, if that s part of the revenue piece and it comes out later, it has come out because it already became law. our team was talking about this segment this morning, how we were going to talk about it here on the air, and i was reminded of what senator mitt romney had to say about this. let s play the sound and talk about it on the other side. you re going to tax people not when they sell something but just when they own it, and the value goes up. and what that means is people, the multibillionaires, will say, i don t want to invest in the stock market because as that goes up, i m going to get taxed, so maybe i will instead invest in a ranch or in paintings or things that don t build jobs and create a stronger economy. i m going to invest in a ranch or some paintings, it sounds like a good problem to have. is h ....
Negotiations with white house staff, not so much on capitol hill, very much focused with the white house and it s been a bit of a roller coaster trying to figure out where she is, what she wants. one thing that s exceedingly clear she is opposed to any rate increases in the corporate tax rate. that s a central component of the revenue piece of this bill, also has issued with some of the individual tax rates as well. speaker nancy pelosi responding to our colleague manu raju saying it s possible that this package will not include either of those, those are central pieces and they have to figure out a way to get her to yes or close to yes and as you know, john, when staffers get creative they come up with solutions but the question is how fast? your notes are fascinating every morning. you solve one problem and it somehow kicks another. thanks for kicking things off. joining me is cnn s dana bash and olivia knox. senator smarks one democratic ....
Revenue piece to it and if it doesn t address the middle income people in terms of their security, if it doesn t address workers security and climate. i m not sure what is it in and i can t say i will support it until i see it. but i do know we must have the provisions around climate and we must have health care and all the other reasonable provisions that progressives and others, many others, the majority of people in our country say that, yes, they want a big package. that s where we have to get to. all right. your reaction to the joe manchin statement on his sort of voting rights compromise that he laid out. stacy abrams support for that compromise includes, you know, some definition of voter i.d., getting rid of partisan gerrymandering and things like that. is that a baseline that you think is worth fighting for? we shouldn t have to ....
Omb. we got in here, i think we produced a blueprint that is consistent with the president s principles and priorities. but he s already made it very clear that we ll have a budget probably sometime in may that will outline the more specifics of the revenue piece, the entitlement piece, and the full details of all this. but that s eliminating a $20 trillion debt and tackling the current deficit is something that s going to take a little bit of time, something the president is committed to reducing. i think we talked very extensively about the president s commitment to protecting taxpayer dollars and using the more efficiently. this budget and a lot of the action the president has took on other projects including the f-18, the next generation of air force one shows the president is committed on very, very personal basis to getting involved in programs and policies, to reduce the deficit and respect taxpayer money. this is step one and it s a down payment on that goal. as for future ....
Politics. you can t touch that. it has to be a combination of the two. has to be a combination of the spending issue that s out of control, excessive and anything beyond what we ve seen in hft, that s what s exploding our national debt, that s what will hurt our next generation, that s what we ll leaf as a legacy to our kids. however, the revenue piece is important. there are thing we can do without government involvement. get government out of the way, let companies go. a subpar recovery has generated very little economic growth. that s part of the reason we have this issue. no question, stewart the entitlement issue is a massive concern and it s a tidal wave we ll face. there are things we can do today and congress is unwilling to do them because of partisan politics. the one thing that would really give us significant growth and that s what we all want, all 5%, 6% growth for an extended period of time what will give you that is significant cuts in personal income tax rates and a ....