>> trump administration officials, like homeland security secretary kelly, who we just heard from, have been making the rounds before congressional committees this week. to talk about president trump's 2018 budget proposal. one of the headlines in "the hill," sanders-mulvaney clash heatedly over trump budget. as white house budget director mick mulvaney testified before the senate banking committee today. senator bernie sanders asked why america's richest family needs a tax break. here's some of their exchange.

mr. sanders: before we go further, i find it a little bit unfair that mr. mulvaney and many people in the trump administration disparage the director of the c.b.o. when it was tom price, the former republican chairman of the budget committee, who appointed -- who appointed dr. hall in the first place. let's get that clear. mr. mulvaney, as you know, the united states today has more income and wealth inequality than any major country on earth. top .1% now owns almost as much wealth as the bottom 90%. 52% of all new income today is going to the top 1%. but your budget thinks that it is good public policy to provide $52 billion in tax breaks to the wealthiest family in this country, a family already worth $128 billion.

you think that a family like the walton family, where one guy there owns four ferraris and one maserati that are worth more than d 65 million, are just in desperate need of massive, massive tax breaks. en think that shelled aidleson, who among other things contributed $5 million for the trump inaugural, is in need of a massive tax break, as well as the koch brothers. so my question is pretty simple. i want you to tell the american people why you think it is a good idea to give $3 trillion in tax breaks to the top 1% at a time when the rich are becoming much richer, while at the same time you're going to throw 17 million children in this country off of health insurance, because of the unconscionable cuts that you are making to medicaid, why you're going to throw seniors in the state of wyoming or the state of vermont off the meals on wheels program, maybe the

one nutritious program that they get a day, why you're going to throw women and low-income babies off of the w.i.c. program at a time when infant mortality rates in this country are already high. do you really think it is a great idea to tell a low-income pregnant woman that you're going to take away the w.i.c. program, take away nutrition programs from children, in order to give a massive tax break of $52 billion to the walton family? please explain your logic to the american people. mr. mulvaney: i'll see if i can handle each of those in reverse. actually, let me deal with the c.b.o. first. i can't disparage who i don't know. i don't think i've ever disparaged the director -- mr. sanders: you made a dismissive remark about him. even the c.b.o. you appointed the director. mr. mulvaney: i'm telling you that the results are awful. mr. sanders: but you appoint him. so let's go with that. mr. mulvaney: i measure performance by results, mr. sanders. if you continuously -- mr. sanders: your opinion is that the results are terrible. i'm suggesting that it was a

member of the trump administration who appointed this gentleman. not some kind of radical democrat. mr. mulvaney: so we can agree the c.b.o. puts out bad data. mr. sanders: no, we can't. we can agree that you guys are beating up on a man that you appointed because you don't like his results. but anyhow. get back to the question. why tax breaks for billionaires -- mr. mulvaney: because they're not right. w.i.c. serves all participants. there's no change there. meals on wheels is not reduced at all. the change that we make is through the -- mr. sanders: you eliminate the block grant and that funds the program. you tell me that doesn't have an impact -- mr. mulvaney: the program is funded through the old age or senior nutrition program through h.h.s. which we don't change. mr. sanders: that's not true. mr. mulvaney: it is true. the cdbg program is a block grant to the states and some states do choose, choose, to use some of that -- mr. sanders: and you eliminate that program. the bottom line is -- mr. mulvaney: senator, i mean, if you -- mr. sanders: go ahead, answer the question. mr. mulvaney: the total money

for meals on wheels that comes from cdbg is 3%. that's it. i don't know how you can possibly could be can be -- contend that we're -- sandsapped you're eliminating the program that funds not only meals on wheels but many other programs at the discretion of governors and -- mr. mulvaney: i would be more than happy to have long discussions about cdbg's. you asked about medicaid. the slashing of medicaid, the dramatic cuts to medicaid, is a slower growth rate of medicaid. there's one year exception during the affordable care act where, excuse me, the american health care act, where the bill calls for the end to expansion and there's a small reduction that year. but generally speaking, medicaid spending goes up every year. mr. sanders: so does health care inflation. we go through these games every single year. inflation is going up a lot faster than money you're putting in. bottom line is, tell me, let me get back to one question. why do you think the walter family needs a $52 billion tax break? multimull my guess is you're basing that --

mr. mulvaney: my zpwess you're basing that -- mr. sanders: the repeal, exactly. mr. mulvaney: if we want to have a talk about why we're repealing that, i'd be more than happy. mr. sanders: tell me. mr. mulvaney: ordinary people are paying more. mr. sanders: ordinary people do not have a wealth of $128 billion. that's none at ordinary person. mr. mulvaney: the average increase across this nation -- mr. sanders: answer the question. the wealthiest family in america gets a $52 billion tax break as a result of the repeal of the estate tax. tell the american people why you think that's good when you cut medicaid and you cut programs for kids. mr. mulvaney: we don't cut medicaid. we're talking about repealing obamacare. the results -- mr. sanders: 23 million people off of health insurance. that's right. mr. mulvaney: a c.b.o. number that i think you just agreed could be wrong. mr. sanders: i didn't agree to that at all. why does a billionaire family get a $52 billion tax break? please tell the american people. mr. mulvaney: because we think it's wrong that ordinary folks lose coverage. and we want to get rid --

mr. sanders: ordinary people. is the walton family an ordinary family? mr. mulvaney: no, they're extraordinary. but ordinary people are losing money under obamacare. mr. sanders: i asked you why they're getting a tax break. mr. mulvaney: because we repeal obamacare. mr. sanders: no, you end the estate tax which applies to .2%. mr. mulvaney: i'm sorry. i thought the assumption was wast we were looking at the tax reductions contained in -- mr. sanders: no, that's not what we're talking about. we're talking about the repeal of the estate tax which you just mentioned. mr. mulvaney: the budget assumes a deficit-neutral tax plan. because when we wrote the budget, we did not have nearly enough specifics to assume what you're assuming which is the specific reductions. yes, the reductions. yes, the proposals that the white house published about three or four weeks ago, the principles we set forward, does include a reduction of the estate tax. mr. sanders: repeal. mr. mulvaney: you're right. a repeal. but it's mathematically impossible to take those

general principles and assume a direct impact on a particular family. you can't do. it nobody can do it. i've seen estimates from groups that is say -- mr. sanders: that's not -- true. we don't know when people are going to be dying. that's for sure. but you can -- mr. mulvaney: we don't know people are going to be diing? mr. sanders: you don't know when somebody is going to be dying. mr. mulvaney: pretty sure they're going to die eventually. mr. sanders: that we can be pretty sure of. mr. mulvaney: at least we agree on something. [laughter] mr. graham: that was borderline fascinating. [laughter] ved [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2017] >> regardless of your background, remember where you came from. hold on to the way so many of you reached out to mentor young persons through the kobe cares about kids. hold on to the way you engaged in this community. make sure to bring that commitment to whatever walk of life you choose.

>> bravery, not perfection, was the key that unlocked every door that i had walked through since. it took me 33 years to figure out that brown girls can do white guy things too. >> you are here because of a lot of help, you also understand that now is the time to help others. that's what this is all about. >> saturday night at 8:00 eastern, 2017 commencement speeches. this weekend speakers include former california governor arnold schwarzenegger at the university of houston. former vice president joe biden at kolbe college in maine. irls who code founder. arizona governor at embree riddle aeronautical university in joint base andrews. santa fe mayor at new mexico highlands university. and michigan governor rick snyder at adrian community college