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john: welcome back as america reports rolls into a second hour for this tuesday. i m john roberts. good to spend another hour with you. aishah: got it right. aishah hasnie in for sandra smith. betsy devos says democrats have simply not learned their lesson since governor youngkin pulled off an upset in virginia. ask her about that. also, the huge price tag on president biden s student loan handout. john: begin with breaking news of the major hurricane taking aim at the sunshine state. by and large, we are looking at really, really major storm surge up and down the west coast of florida. inland flooding, interruptions in things like power, we cannot unring the bell if you stay and you end up getting washed away with the historic storm surge. john: florida governor ron desantis warning folks do not overlook ian as the tampa area braces for a storm not seen in a century. the category 3 hurricane moving north, 115 mile an hour winds after blasting cuba this morn ....
217-217 would be a tie. democrats with only lose three votes. golden will vote no. they lose one there. they might lose one there. nancy pelosi usually passes the big bills with tight margins here. as to the cbo score question that you raised, that didn t seem to have any negative impact on some of the moderate democrats who said they would vote no. if you had a coalition of 5 or 10 who wouldn t vote they wouldn t have put the bill on the floor. it adds 367 billion dollars to the deficit according to the cbo. there is a provision that they could not evaluate. it has what it sometimes terms as handcuffs. a way it has to go about evaluating the bill. sometimes it is called static scoring, static evaluation and says democrats want to beef up i.r.s. enforcement and could ....
Chart 2: Wealthy Taxpayers Rely Less on Wage and Salary Income Than Any Other Income Class Chart 3: Changes In Tax Rates Have Little Effect on Revenues Chart 4: Rich Pay More Following 1920s Tax Cuts Chart 5: Rich Paid More Under 1960s Kennedy Tax Cuts Chart 6: Reagan Tax Cuts Generated 31% More Tax Revenue From the Wealthy Chart 7: Higher Tax Rates, Lower Revenue Introduction One of the most important fiscal policy debates developing in this election involves the question of whether changes in tax policy have supply-side effects. In other words, will lower tax rates increase economic growth, resulting in more jobs, higher wages, and bigger profits? If the answer is yes meaning that lower tax rates cause taxable income to rise it is reasonable to argue that a tax cut will be at least partially self-financing. The extent to which increased revenue from a bigger tax base helps offset the revenue loss from lower tax rates then becomes an empirical qu ....
You accept static scoring, would be the 1.5 trillion. i actually do not think that we will have a deficit or debt created out of the tax bill over a ten-year period of time. going into 2019 more companies are going to be hiring employees. we have the tightest labor market in a couple of decades and you re seeing wages rise. he did in paul s defense it in 2017 go to the senate majority leader and the president and say, i want to do entitlement reforms and there was significant push back not just from senate leadership and the president but also from house republicans. i think paul has stayed true to his word, but as speaker he can only do so much. if he doesn t have the votes, you re not going to see us move forward on entitlement reform. on immigration, last point, we had a real chance to not have to deal with this border wall debacle on the cr. we had a full border wall funding with permanent daca relier relief and fixes that the far right and democrats were ....