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project 2025 tax project 2025 tax plan would cut taxes for households making more than $10 million a year. by an average of $2.4 million a year. which is great news, for the hyper wealthy. but what about for the rest of us? this is a visualization of the added tax burden for these

middle-class married couples with two children under project 2025 tax plan. families by that description that make anywhere between $35,000 a year and 175 a year would all see their taxes-- go up. a married couple making a collective $80,000 a year would see nearly $2000 more in federal taxes a year. the same is true for single americans. every american making between 75 and $85,000 a year would see their taxes go up. there is a very good reason that donald trump claims to have nothing to do with project 2025 every time he's asked. now, compare the nonsense in here to vice president harris's tax proposal. at the core of the proposal is a continuation of the biden

administration promise that no one making less than $400,000 a year would have their taxes go up at all. that is a key part of harris's tax proposal. but it is not just income taxes, we import a lot of things in america. what is donald trump's plan for how to deal with that? >> we are going to have 10 to 20% tariffs on foreign countries that have been ripping us off for years. we are going to charge them 10 to 20%. >> that is some knuckleheaded stuff. not only is trump going to impose a 10 to 20% tariffs on imports broadly, he said more specifically he will impose a 60% or higher tariff on all imports from china. trump is trying to sell that proposal as just another way he is "putting america first", the center for american progress crunched those numbers. and the reality is that comes plan doesn't shift the tax

burden to china as he would like to say. anybody who has a third-grade education understands that it shifts the burden to the consumer. if trump puts a 10% tariffs on goods from other countries across the board and 60% on all goods from china, the center for american progress calculates that would cost the average middle-class american family an extra $2500 a year just to buy the very same things they are now. and trump chose to go to more extreme route and implement a 20% tariffs, that would cause the average middle-class family $3900 a year for exactly the same goods they are buying now. whether it is in tax code changes or tariffs, the trump and project 2025 tax plan are essentially major tax cuts for the rich and huge new tax burden for the middle class and working poor. pay more for what you already

buy, is in fact the textbook definition of inflation, something we've been trying, mostly successfully i might add, to tackle. donald trump wants to basically impose inflation upon us as soon as he gets into office. meanwhile, here are kamala harris's plans to bring on the coast of living. eliminate medical debt for millions of americans. a ban on price gouging for groceries and food. a cap on prescription drugs. a $25,000 subsidy for first- time homebuyers. and a revival of the child tax credit. okay. that last one, the revival of the child tax credit, that is huge. you might remember the expansion of the child tax credit that was passed as part of the american rescue plan. it cut child poverty in this country by a whopping 46%. nearly in half. those expanded tax credits only lasted for six months. and then they just disappeared. despite all of the good that they did. plunging many american

children, in the richest country in the world, back into poverty. harris wants to not just bring those child tax credits back, but actually increase the amount parents get 41st year of a child's life, which is the most important. you may be thinking, that all sounds great, but how do we pay for it? that is actually where harris and trump's economic plan flip the script. for decades, republicans have sold themselves as the financial responsibility. with harris and trump economic lands, the opposite is in back- - fact the case. according to nonpartisan estimate, harris is proposing suspending-- spending about 2 trillion well raising about $5 trillion in tax revenue. that puts her plan, this is basic math, third-grade stuff. $3 trillion in the green all without raising the taxes of anyone making less than $400,000 a year. okay. now let's look at the right

side of this. the trump and project 2025 plan calls for about $5 trillion in tax breaks, while only raising about 3 trillion in terrace. the economic term for that is upside down pineapple. that means the trump white house would put the country to trillion dollars in the red, all while cutting taxes of the ultra-wealthy and increasing the tax burden on most by adding massive tariffs. that is an incredibly stark contrast. the question now is, how much of these very different economic vision for america will reach voters by november? and what economic messages will resonate. yesterday, the harris campaign launched a new economic focused ad, it looks like they are betting that one part of their economic vision that will really connect with voters are harris's plans on housing. >> most of my childhood, we were renters. my mother saved for well over a decade to buy a home. i was a teenager when that day

finally came. and i can remember so well how excited she was. i know what homeownership means. and sadly right now, it is out of reach for far too many american families. during the foreclosure crisis, i took on a big bank who exploded-- exploited people in the market and today, corporate landlords by hundreds of houses and apartments, then turn them around and rent them out at high prices. i will fight for a law that cracks down on these practices. we will end america's housing shortage by building 3 million new homes and rentals. we should be doing everything we can to make it more affordable to buy a home. not less.

>> oversees all federal housing and transit programs. senator, good to see you again. >> good to see you too, great to be with you. >> there's a lot of things in the economy that are transient. you can adjust them with interest rates, you can do various things, including fighting inflation or fixing recession. housing is in intractable. it's an infrastructure problem, government activity, this is really the thing that i think a lot of people feel holds them back. young people in good jobs who have no likelihood of being able to own a house in america. >> that is exactly right. every day, americans are trying to figure out how to afford their lives. and one of the biggest issues is, can they afford their rent or mortgage or realizing the american dream of buying their own home? and the reason that we have such a struggle with this is because we have such a significant housing shortage

that started back in the foreclosure crisis of 2008 and 2009 when construction collapsed. and we haven't ever caught back up. so what i really admire about what vice president harris and governor walz have proposed is that it is a common sense, practical, very realistic proposal for how we can get at this by boosting housing supply and setting a bold goal as you laid out, building 3 million new apartments and houses over the next five years. and then getting after corporate landlords that are swooping in and buying up homes and turning them into rentals, jacking up the price, not maintaining them very well and having a huge impact on communities. in places like atlanta, georgia, 30 or 40% of the homes are being bought by these big corporations. and that is reducing opportunity for everybody. so they laid out a really good plan. in comparison, donald trump, who is a convicted criminal,

was sued for housing discrimination. he didn't do anything about this when he was president. >> so, a few problems here. when we talk about inflation, a lot of prices have come down. but when you add housing to that, whether it is on affordability from a purchase perspective or renting, have you seen my rent? that is one of those areas that is really a problem. forget the idea that there are a lot of people who they idea of owning a home is escaping them, this rental issue is very serious. if you are not a homeowner, you are stuck renting and that's really hard. >> that's exactly right. and when you are not building enough supply in order to meet the demand, prices are going to go up. that's what we are seeing. in my hometown of minneapolis, minnesota, where they have made zoning changes so that it is

easier to build apartments and more housing, we have seen a lower inflation rate overall. because we are getting on top of this housing supply problem. but this is something we can do across the country. and that's what vice president harris is laying out. >> kind of unbelievable, the median price of a single-family home in america, at which half of all homes are higher or lower, 495,000 right now. 77% of united states households could not possibly afford to live in the median home. >> that's exactly right. vice president harris has said the dream of owning your own home is part of the american dream, part of the way that you can build wealth in this country. and we also know that that dream has not been available to everybody. the long history and legacy of redlining has limited opportunities for so many people, which is why it's important that we have a comprehensive plan like vice

president harris has laid out, to really get at this and make that available to everybody. >> one of the interesting things about minnesota is it has done some of these things, as you said. it has done it with the tax credit, with all of these things that we've learned about your state in the last few weeks. and yet it is still a remarkable business friendly state. if you do those things, businesses will run from your state, that is absolutely not true in minnesota. >> that's exactly right. i'll tell you, i travel all over minnesota all the time. and what business people tell me is one of the biggest limiting factors that they face is they are trying to recruit talent, especially in small towns and rural communities. there is no place for people to live. how are you going to recruit a family to work in your company when they can't find a good place to live? it is very much part of the business strategy in minnesota to have housing that everybody wants to live in, is affordable, along with

childcare and paid family and medical leave. other things that governor walz has accomplished here in minnesota that make this a very business friendly strong economy state. >> you study housing, i want to ask you. this idea of providing people with money for a down payment makes a lot of sense. but in a shortage environment, what do you make of the witticism that could cause more housing inflation? now you have a lot more people who will buy that limited supply. >> well, truly, this is why it's important we have a comprehensive plan. if you only provided support for down payment assistance and you didn't get after the fundamental problem of not having enough supply, then you would. but what i appreciate about the proposal is that it's comprehensive. you have to get that root problem of housing supply. and it's complicated, you need to have better tax incentives for private developers to build

housing, you need to create more innovative opportunities for local communities to build housing that isn't totally built off the profit. you need to reform local zoning laws so you can build duplexes in communities and do that more affordably. so that they can actually get billed. you have to have that comprehensive approach. >> tina smith is a democratic senator from minnesota. we have a lot to get to, including a totally normal thing for donald trump to do. selling pieces of the suit that he wore while debating president joe biden. first, the supreme court sent jack smith back to the drawing board for his criminal case about the 2020 election. now, the special counsel is back with a brand-new criminal indictment. the former justice department official marion accord will be here to explain next. ay.

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in early july, in early july, the conservative majority decided to grant president and ex- president immunity from criminal prosecution for anything they do that could be construed as official act. leaving one big western, could the criminal cases against trump proceed? today, special counsel jack smith filed an indictment in one of those cases. his criminal prosecution over his alleged attempts to overturn the election. the new indictment refines the special counsel's original argument in an attempt to put it in compliance with the supreme court decision. the new document adds language highlighting the personal nature of some of trump's alleged election interference. including the use of his twitter account. smith also edits out some actions included in the original indictment, that occurred in the oval office and

they removed former assistant attorney general jeffrey clark as an unindicted co- conspirator. but one thing that hasn't changed, the charges. the new indictment charges donald trump with the same criminal counts as the original. so what is different? joining me now is former acting assistant attorney general for national security at the department of justice and co- host of "prosecuting donald trump" podcast. good to see you. i need you to tell me, what is different, what has happened? >> as you were just indicating, what the department of justice has done now through special counsel jack smith is really trying to bring this indictment into conformity with what they can glean from the supreme court decision on immunity. focused on the areas where the supreme court provided some guidance. for example they got rid of any kind of allegations involving former president trump's communications with his own

justice department or executive branch, because the supreme court said that is within his constitutional authority. other areas such as his pressure on vice president pence, his pressure on state legislatures and state legislators and his statements to the public, they eliminated some things and added some things. they focused on the fact that the allegations involving pens involved him in his role as president of the senate, which is an article one role which is not an executive branch article. to say when he is pressuring mike pence about the certification, he is doing that while mike pence is in a role outside the executive branch and it's a role that the president had no official responsibility for. similarly in other areas, trump was acting as a candidate, not

the president. for example, in some of his interactions with state legislators and officials and eating behind the fraudulent elector scheme. similarly with his tweets and public statements, they alleged in his personal capacity, as a candidate and they always require as a january 6th speech as a can spring-- campaign speech. privately funded and organized. these are all things to try to put them on the side of unofficial acts or rebutting presumptive immunity of official acts as the supreme court outlined. >> as a former prosecutor and acting assistant attorney general, talk to me about how this case proceeds and doesn't become about endless interpretations of the supreme court decision about official acts. as opposed to the underlying matter. you can see donald trump's

defense, you know, litigating all of that stuff. whether it was official or not. ultimately given those charges, that is their best chance. >> ordinarily, we would take the indictment, which again, this superseding indictment was returned by a new grand jury, not the same one that heard the evidence. there is no taint from the previous grand jury. and you would normally look to those allegations and assertions as an except those. this is a different world. we are talking about immunity of a supreme-- president after a supreme court decision. we will know more friday when the parties are supposed to submit their joint proposal. they are still to be proposing next steps. but i think you're right, i think that mr. trump will be trying to argue that these changes that jack smith made in this new indictment don't eliminate the problem of

official/unofficial and they will want to litigate. what they will not probably want to do is really have evidence on that. and jack smith may say if he is contesting these, we may need some evidence. >> this thing we are going to hear about on friday is called a joint status report. is there some sense that donald trump's team at least agrees that this new set of indictments is cleansed of the things the supreme court is saying? >> i have not yet heard of any statements coming from trump legal team or even his campaign. but i haven't looked for any campaign statements. i would just be surprise, based on the way his legal team has litigated all of his other criminal and civil cases. i would be surprised if they agreed to very much. they will agree that things were narrowed and it was good

that jack smith eliminated the entire section on the indictment that relies on the pressure of his own attorney general and department of justice. what i think they will seek to really argue about some of these other areas. and i think it's likely the judge will have legal briefing on that before she makes any decisions about whether any kind of factual development through evidence is necessary. >> mary, donald trump has said already, whatever it is that he talks about. the point he was trying to make is that this is against the department of justice's own office of legal counsel direction. within 60 days of voting, certainly not of the election but we are within 60 days of some people voting. where do you think that goes? again, one is never surprised by donald trump's team because they pull a lot of things out of a hat. >> first of all, this was an ongoing case. this was not a new action being taken to bring charges for the

first time or to take some sort of overt investigative step in a case that hasn't been charged. and to do so within 60 days of early voting. and i will say, the 60 day rule is not actually a rule, it is a norm, it's a practice. the rule is you don't ever take any affirmative, overt action that could be perceived to put the thumb on the scale of an election. that is a 60 day type of norm. but here, this is not the first time trump has been charged. this is just a modification of charges that have been out there for well more than a year. of course he's going to say that, but there's really no merit. >> good to see you, thank you for joining us. so that i could maybe relate it to another person. mary mccord is a former assistant acting attorney

general for national security of the united state department of justice. she is the co-host of "prosecuting donald trump" podcast. nothing to see here. donald trump. george conway joins me next. ed. call leaffilter today. and never clean out clogged gutters again. leaffilter's technology keeps debris out of your gutters for good. guaranteed. call 833.leaf.filter today, or visit leaffilter.com.

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busy. he talked about the debate, not the one next month, the one that happened 61 days ago with the former democratic candidate joe biden. and then, there was this. >> purchase 15 or more of my trump digital trading cards and we will mail you a beautiful physical trading card. it's quite something. each physical card has an authentic piece of my suit that i wore for the presidential debate. people are calling at the knockout suit. i don't know about that. but that's what they are calling it. we cut up the suit and you are going to get a piece of it. >> okay. donald trump is selling trading cards of himself. digital ones. they are 99 bucks apiece. if you buy 15 of them for $1485, you get a physical one and a piece of his debate suit. while trump was hawking nfts,

his campaign named robert f kennedy and tulsa gabbard to his transition team. joining us now, george conway, contributor at "the atlantic". george, that is something. pay 1500 bucks and get a piece of his worn suit from the debate. >> it leaves me speechless. >> not much does that. this one is new to me. >> i mean, that's what he is, that is who he is. he is a scam artist. he is just in it for himself. no dignity, no honor, he is just scamming the public like he has been for years. and that is donald trump. and basically he doesn't seem to have any idea what to do now in the campaign. he's not running against joe biden anymore, he wishes he were.

his own campaign staff wants-- between the questions at the debate. now he is busy distracting himself by selling pieces of fabric. i think this is a great campaign strategy. >> keep going with that. tell me about this rfk and tulsi gabbard getting key roles after they endorsed him, not much of a surprise to anybody. what is the technique there? there's a whole bunch of republicans who for the last several years have been supporting anybody who is not trump and obviously with the extension of kamala harris, there was more of that at the convention. is this his version of that? two people who identified as democrats now supporting me. >> right, i guess so. if he thinks it helps to have

somebody who has now recently disclosed thawed off the head of a whale and put it on the roof of his car in addition to having tossed a baby bear cub body in central park and then having chomped on roasted dog. if you think that is good for his campaign, i am all for 70 more days of this. i mean, you couldn't make it up. if you are writing a script for insanity, they would reject it. no hollywood producer would take this movie. no studio. i'm not even sure i believe what i'm hearing. >> what you make, we were having a discussion about this reworked indictment. because he is trying to be in compliance with what the supreme court said about official acts by former presidents. what do you make of this? >> i agree with your discussion

with mary. they streamlined the case a bit, they have taken out the things that are the supreme court obviously basically throughout. the conversations. i don't think they needed it to get a guilty verdict on the charges. the false elector scheme and the attempt to pressure vice president pence, who is not acting in an executive capacity. that is more than sufficient. there may be more satellite litigation to refine what is inbound and what is not inbound. but at the end of the day, those charges, there is going to be a core set of allegations that will pass. because they simply do not involve his official acts of

the superintending indictment spells out. it was a campaign action, not an official act. his expectations were not an official act. those were the acts of a corrupt candidate. at the end of the day, if he is not elected president in november, this case will go to trial and he will be found guilty and there will be sufficient evidence that this is not the only realm of the official immunity that will suffice >> citizen trump has got some bad stuff to look forward to on that front. there was a conviction today, the first writer to enter the capital on january 6th was sentenced to more than four years in prison. he said the election was marred with fraud but i think the lesson everybody should be

taking away from this, you can say what you want but you can't try to overturn it. in arizona, the fake electors are trying to get their charges dismissed. in michigan, six have been renominated by the republican party to be presidential elections-- electors. places like michigan, arizona and in pennsylvania, the republican party is going down that road that you've been recommending. >> absolutely. it's just completely self- destructive and completely insane. i mean, they are just doubling down on everything that the courts have rejected and voters have rejected. and it is just, i mean it's just following donald trump over a cliff. and it's sad to see that happen to the grand old party. maybe some good will come out of it someday when i think there just has to be a new party that has formed. >> you are one of those people

who think it has to burn to the ground. >> the republican party has rotted to the core. it is just so dysfunctional. i mean, it is an anti-american party. it is a dysfunctional, delusional, anti-american party and we need a solid center- right party in this democracy, where you have two party system and a system that basically has two parties. so i think we need a new party. we need something to take the place of the republican party which is just steadily rotting and disappearing before our eyes. this is going to be compounded by if trump loses the election which i hope and expect he will. he emerged the rnc into his campaign. >> and his family. good to see you. >> thank you. >> george conway.

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heaviest cross-border attacks since the war began. stoking fears of a wider regional conflict in the middle east. but by monday, both sides had backed off, as diplomats in cairo continue negotiations to end the conflict. which over the past 10 months has killed more than 40,000 and injured another 93,000 people. despite multiple rounds of negotiations mediated by the united states and other allies in the region, it is unclear whether we are any closer to a peace agreement then we were on this day three months ago, when president biden first announced a multipronged proposal that was reportedly backed by israel. according to the new york times, despite a full born diplomatic push, israel and hamas replaying-- remain far apart on several critical issues. joining me now is former deputy national security adviser to president barack obama and co- host of "god save the world". thank you for being with us. i don't know how any times you and i have had a conversation that sounds like this over the next several months, only to be

foiled by the fact that there is not meaningful product-- progress, who are just incentivized to end this war. >> ultimately, those are the two decision-makers. and netanyahu does not want to agree to a cease-fire that ends the war. maybe he will take something short-term, limiting the scope in terms of how much movement and israel still having full control of gaza. that is the kind of proposal that we hear leaking out of conversations that netanyahu might be okay with. and seymour won't agree to anything that doesn't completely end the war. that's a pretty big distance. the reality is that that's been the distance the entire three months. >> you're right. i am agreeing, that has been

the distance since we started. i guess, what is the point at which the cease-fire or benefit of a cease-fire at the encouragement of all the allies involved outweighs that problem that you've articulated? >> i think this is a problem that is kind of leading into the policy. first of all, it was described by joe biden as an israeli proposal three months ago, it was next described as an israeli proposal by the prime minister. so there's been something very strange where it's not only the united states that is asserting this is an israeli proposal. maybe israeli negotiators are open to these but as long as the prime minister is not, you are going to have a hard time ending the war unless the united states makes a cease- fire and objective in and of itself. in other words, we are going to start through our arms division and un security council perhaps to try to muscle this into a

cease-fire. i think the other concern i have is that there is so much discussion around the cease- fire, and all of the drama and talk that lead to the same outcome that the bigger question of what happens in gaza one month, three months, six months from now? who is going to be in charge? how is it going to be rebuilt? these are bigger questions actually, to get at how you actually end the war. and in ways that help rebuild and help the palestinians get the kind of dignity and self- determination that kamala harris talked about in her convention speech. those questions have come to be pushed aside a little bit. even if you achieve this cease- fire, you don't resolve any of those bigger questions. so i think there has to be a step back. >> you could potentially stop it from getting worse in the immediate future. but gaza needs to be rebuilt

and people need to be fed and docket polio, which is now going around. to your point about kamala harris, she has used some language that encourages people she might do something differently than joe biden. she is still a member of this administration until she's not. so what space does she have, and what motivation does she have to do anything differently than joe biden has? >> i think she doesn't have a ton of space to lay out different policy proposals then the administration she serves him. i think what she has incentive to do is to set a different tone. even in that speech, you heard kind of an equal amount of time on the is really perspective and palestinian perspective, which i think has not always been the case from biden. you also heard the need to work for palestinian dignity, not just to have the war end but to have them not living in the mass privity-- poverty.

you heard her say self- determination, running their own lives, and ultimately running their own state. law. ultimately, i don't think she can lay out a 10 point plan for off from where joe biden is. you can indicate here are the values i'm going to bring to this, here tare the priorities i'm going to bring to this. here's the tone i might set when we get through the election itself.

>> we have a lot to talk about. stick around. we will continue our lnd conversation on the other side. ukrainian president volodymyr zelenskyy's plan to end . the w with russia. how he expects the united states to get on board and what is in that plan, when we come back. when we come back. and it could wake at any time. think you're not at risk for shingles? it's time to wake up. because shingles could wake up in you. if you're over 50, talk to your doctor or pharmacist about shingles prevention. we realize some home maintenance jobs aren't worth the risk. that's when we call leaffilter to protect our gutters. leaffilter's patented filter technology keeps debris out of your gutters for good, guaranteed. call 833 leaffilter or visit leaffilter.com

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ukrainian president volodymyr zelenskyy says the rapid incursion into russia this month as part of a larger plan to pressure russia and ending its years long war with ukraine. volodymyr zelenskyy says he will present his plan to president by the next month. back with me is ben rhodes, former deputy national security advisor to former president barack obama. this incursion into the kursk region of russia, first of all, nobody thought this was going to happen. they went in, largely undefended. there are ukrainian flags flying in russia, something that has not happened. russia has not had a foreign entity on its soil since world war ii. they are still not out. the russians have not managed to push the ukrainians back

into ukraine. >> i think what happened here, and the way it fits into what volodymyr zelenskyy said today, the ukrainians needed to flip the script. they were unable to dislodge the russians, who really have dug in along the front line of eastern ukraine and down into southern ukraine. instead of granting it out and fighting a war of attrition, russia has advantages. it has more people and it has more capability to manufacture the front line arms that are driving that war. they are making this play into russia. the weight in which it interacts with ending the war, everybody except there's going to be some negotiated process here. the ukrainian government recognizes it is not going to take back all of its territory militarily. therefore, they need something to bargain with. what they are doing, the reason this incursion interact with that is they want to be able to come to the negotiating table with a better hand than they had a few months ago and this

is part of how they are doing that. >> one of the things that has happened in the last few weeks is ukrainians using those f-16s we spent two years talking about to shoot down russian missiles and drones. there has been some sense. when you are in ukraine, the one thing you relate is while russia has managed to be there without taking over the ukrainian government, they don't have air superiority over ukraine. now ukraine has these f-16s. how big a deal is that? >> anything that produces the russian capacity to pulverize ukrainians from the air is a huge deal because part of what the russians are doing in this war of attrition is trying to make them ukrainian state not viable. they are going after its electricity grid, the ability to keep the lights on, the ability to keep the economy functioning, terrorize the ukrainian public across the country. if the ukrainians can gain some more advantage in the air and provide some more security, it really helps secure the viability and sustainability of the ukrainian state through

this effort. it also may help them along the front line as well. i don't think it will be an overwhelmingly decisive change but it put them on a stronger footing. >> as far as the u.s. is concerned, how does this, how does this end? there's danger, of course, if republicans are in charge after november that this war ends not in a way people are expecting because donald trump gives vladimir putin a free hand. what can be done between now and november, other than campaigning for kamala harris? >> it is important that the united states, for kamala harris to win the election. that is not a partisan comment, that is an objective piece of analysis. donald trump said he would end this war even before he was inaugurated if you went. the only way you could possibly do that is by cutting off support for ukraine, and he and his vice president, jd vance, have urged and force them to the negotiating table in the weakest possible position. i think everyone has to wait

until november to see who is going to be the american president because that will shape the negotiation and whether or not ukraine is coming into it in a strong position. between now and then, what the ukrainians will want is give us more leeway to use american weapons potentially even inside of russia or against targets inside of russia in places like kursk, give us more air cover, help us secure our air defenses. there are tactical things between now and november. the strategic western that the whole world is watching its who will be the next president? it reminds us of the global stakes in november. >> ben, thank you. ben rhodes, former deputy national security adviser to president barack obama, cohost of the podcast pod save the world. you can catch me back here weekend at 10:00 am. it is time for the last word with lawrence o'donnell. big news from jack smith tonight. >> i think you know, when there is a new indictment, that means andrew weissman will be the first voice you hear on this program during the next hour