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these this is an artificial deadline. it doesn t have to be done this week. i think, may i say that i think there could be a deal, and yes, if this is a less ambitious overhaul. we are trying to look at the biggest overhaul since ronald reagan signed the tax reform act of 1986, a less ambitious bill, fewer moving parts, and less retooling all of the aspects of the tax code, you make get something doable. one quick point, i think nancy pelosi and chuck schumer are more immune to the taunts and insults of president donald trump because they come from that more. right. they could give it as well, not that they would necessarily, but they get the psyche of somebody like that, and they have dealt with versions of trump a lot longer, especially chuck schumer, he can decode
important. they re important because that s one of the great benefits to the middle class. [ inaudible question ] well, maybe it is and maybe we ll use it as negotiating. what do you suppose that people in trump s base hear when they hear that? he just admitted that 401(k) s could be on the table after saying they re not going to be on the table. a more interesting question is what are republicans in congress thinking when they hear him do this sort of thing when when they can t even put forward a coherent piece of legislation without trump just pulling the rug out from under them. this is not the way tax reform is done. i m very familiar with the tax reform act of 1986. believe me, president reagan did not go on tv and just unilaterally take certain options off the table. he allowed his treasury secretary to do the heavy lifting so there was some coherence to the administration
potentially go after the amount of money people can put in their 410ks and reduce that shurting a lot of trump vote, a lot of people, period. this was donald trump talking about that issue literally reversing himself on it mid-sentence. take a listen. 401(k)s to me are very important and important because that s one of the great benefits to the middle class. chairman of the house ways and means committee said this morning [ inaudible ]. maybe it is. maybe we ll use it as negotiating. what do you suppose that people in trump s base hear when they hear that? he just admitted 401(k)s could be on the table after saying they would not be on the table? a more interesting question, what are republicans in congress thinking when they hear him do this sort of thing? when they hear can t even put forward a coherent piece of legislation without trump just pulling the rug out from under them? this is not the way tax reform is done. i m very familiar with the tax reform act of 1986.
soviet times, there is one crucial difference. that is that the people who are in charge of russia today, they want to steal in russia but spend in the west. members of the soviet didn t keep their money in western banks or buy high class reality and luxury cars. these guys do. they want to undermine and attack and violate the most basic norms of democratic society but they want to use the privileges that democratic society offers for themselves and families. the sanctions put a stop to that hypocrisy and double standard. this is why they have been obsessed. within three hours of his inauguration, vladimir putin signed a decree trying to stop the act from being passed. now there have been several countries since then who have followed the u.s. in adopting similar measures.
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