people who feel economically depressed and they can look at this right now and not necessarily know what they re going to get. it does seem complicated, even though they re talking about simplifying the tax code. obviously a lot of this is opaque. they re going to have to write some bills and fill in the details right now but there are going to be people to the not trusting the rhetoric coming from this administration, especially with voices on the right not to trust so sot so-called globalists. we always need temind our viewers, it is wall street that has funded steve bannon. the mercer family comes from renaissance, one of the biggest, most complicated hedge plans on the planet and that s who backs president trump. tim, give us the bull case for this plan. we need to see tax reform
trump would stand to benefit from his tax plan in three major ways. first, from his new brackets, which are narrowed down to three and give the top bracket a roughly 4.6% tax cut. second, he would save from the elimination of the alternative minimum tax, and, third, by eliminating the estate tax, which mainly benefits the wealthiest, wealthiest and maybe trump wouldn t benefit from that because he d be dead but his children would. all right, we a know gary kone former president of goldman and white house national economic advisers kept this theme this morning on good morning america. take a look. we are really solving for the middle class. everything we have done in this
words and choosing their words very carefully when we ve been talking to administration officials about this. they continue to use the word progressive. they keep saying that is not going to be any less progressive than currently. there aren t a whole lot of people who believe that when they ve looked at the framework that s been put out there right now. you re correct a lot of trump s voters steve bannon made a documentary about the banks and the rupturing of the economy and the reaction that that sparked. he was the one who was writing trump s speeches toward the end of the campaign when trump would rail against the big banks and the big banks stand to benefit immensely from the new tax cuts and tax reform the administration is putting out there. so that tension is still there between mnuchin and a president who made a lot of promises through populism to a base of
trump waived the jones act so they can get supplies but more ships are at the port but it doesn t mean they re getting in. i want to bring in contessa to explain that problem. you ve seen the video of desperate parents feeding their children crackers. there are 9,000 containers just stuck in the port of san juan right now. these are all refrigerated containers and they re freezers and refrigerators, each run by a generator. crowley, one of the biggest shippers in puerto rico, is using more than 4,000 gallons of diesel day to keep these refrigeratednits up and running they re full of medice and food. there are big distributors for food here that have a hundred containers of food just sitting here. the problem is the diesel. so while they need diesel to run the generators, the truck drivers also need that fuel to
to work. this morning we learned that president trump has decided to waive the jones act. that means ships coming from other than the united states can deliver goods to puerto rico and hopefully that means a faster recovery. we have mariana atencio at the airport in san juan. we are eight days into this. we know people have been trying to get out of puerto rico. can they? reporter: that s exactly right, stephanie. it s incredibly difficult to do so. can you see people that have been sit hearing for a couple of days now. when we got here at 6:30 in the morning, there was a line of a couple of hundred people waiting to get in. i want to start by reporting some news we re learning from our friends over at cnbc. we re learning that 3,000 container ships with those much needed supplies are stuck at the port in puerto rico. that is something we heard yesterday from every day people. we know the supplies are here, why are they not getting to us? you see that desperation here at