competitors and jumped with bunch of special interest provisions that don t ultimately work. what we are trying to work is establish every year a congress that looks at tax code and asks how can we be more competitive as a country, many innovative, and so this first year, 2.0 is about permanence for middle-class families. we think we can do more families save earlier and more throughout their life, tax reform that we had done some work on, the senate had done work on. paul: can you pass that through the house, do you plan to pass that through the house before the election or have to wait until next year? we do my understanding leader mccarthy wants to bring to the floor after august break. in july we will spend time just as we did with tax reform with members of the house listening to them and laying what 2.0
competitors and jumped with bunch of special interest provisions that don t ultimately work. what we are trying to work is establish every year a congress that looks at tax code and asks how can we be more competitive as a country, many innovative, and so this first year, 2.0 is about permanence for middle-class families. we think we can do more families save earlier and more throughout their life, tax reform that we had done some work on, the senate had done work on. paul: can you pass that through the house, do you plan to pass that through the house before the election or have to wait until next year? we do my understanding leader mccarthy wants to bring to the floor after august break. in july we will spend time just as we did with tax reform with members of the house listening to them and laying what 2.0
it s about the short term. they had to rush this through that s politics there s so many provisions here that won t survive scrutiny. why not take a few months? obamacare became popular because people realized that there are real benefits there. i think the longer this is out there, the more people are going to see all these special interest provisions. e.j., douglas, we are out of time. gentlemen, it s great to talk to both of you. good to be with you. come back in six months. we ll reconvene on those questions. we re keeping a close eye on the house floor for this historic tax vote. it could start any moment now. we re also following a deadly derailment after that train flew off the tracks in washington state. that common safety feature not in place at the time of the crash. and besides talking about that, there s a big question investigators are trying to answer. why was this train going more than twice the speed limit? a lot of tossing and squealing and rattling,
moneymaking business and they don t see this is good for them or for americans. instead i think you have is a republican donor class send this is what we want. we want tax cuts. in their delivering on the tax cuts. is not as though they just came up with this corporate tax reform out of the blue yesterday because i needed to pass something. barack obama talked about the importance of corporate tax reform. bill clinton as well. our system is out of whack with the rest of the world and was hurting us. i think you talk about tax reform, you ve got to keep in mind that the actual rate of these corporations are paying as much lower because the deduction is a complicated system it makes no sense. that s what you want to lower the rate and not at some of the special interest provisions. this is actually, let s be clear. this is not a tax reform package. it does not reform the tax code. what it does is it continues many of the special interest rates and gives special
so while corker waits for hatch to write him back, democrats are saying that republicans just used this provision to get corker s vote. i don t know how it got in. what we know they are behind closed doors. a whole army of lobbyists surrounding them. the longer they re in there the more you see the special interest provisions. corker insists that isn t the reason he decided to vote yes and the majority whip john cornyn says to take one provision out of a 1,000 page bill doesn t have any proper context. bill: give us the time frame, the structure. what has to happen before the vote begins? next up this afternoon the bill will be before the house rules committee. that s where they will chart out the course for a vote that is expected to happen in the house tomorrow. from there over to the senate and then the president s desk and if there are no problems with that, then they can finally start talking about