maximized employment and the measurement of inflation used by the fed over the past year has shown iraq as of one point one percent year over year that's around one point one percent of an increase edging it closer to the target of two percent but what does this do while it slows consumer spending as people delay purchases anticipating a price drop the fed kicks off its last policy meeting this week and this inflation situation will no doubt take a prime spot on the table the fed bumped up interest rates twice this year but one is not expected on the heels of this powell. we need to talk about death and taxes or the death of a tax bill rather some say the talk from both sides of the political aisle are killing at other say it's just on hold and need some reorganizing but something

that both sides can agree on is reform is over or do we need to act fast joining me to discuss here in the studio is connor brantley executive director of america's youth pac and from st louis we've got ed martin joining us former missouri state g.o.p. chair and the president of eagle forum thank you so much for talk with me ed i want to go to you first we've got a republican president time for you to step up here i want to touch his tax reform basically which was a lot of people said a press release we got kind of a one pager how are we supposed to do anything comprehensively with that. well look i mean i think when donald trump ran on an america first agenda and on taxes it was the same thing if you if you listen closely and these are policy preferences one is get the tax corporate tax rate down so that american business so that businesses stay where american jobs are all right i'm going to go now to connor i want to get his thoughts on the republican president essentially the one pager we got. on these on these taxes we've heard some more details from capitol

hill on this but how are you going to actually bake a cake with these ingredients i mean i'm supposing you're pretty skeptical on what we've got so far yeah absolutely i mean you correctly pointed out it's pretty much a press release and we've seen this sort of proposal before it's the same thing that we sold during the bush era it's the same thing that republicans talk about every four years every two years really and basically what it is is it's another version of trickle down economics so more tax cuts for the wealthy and in fact we have the great thing about the bush tax cuts is that they've happened and we now we have measurable proof of what of what actually happens and we saw where seventy three percent of the tax cuts stemmed out of the bush the bush era tax cuts went to the top percentile in the book so this is just more of the same nothing really new and quite frankly i'm not surprised eighty percent really. you know so let's talk about some of the five hundred thousand dollars faces nearly a forty percent tax in this nation. is that rich or is that wealth i mean what are

we talking about you know two people make plenty of money but still they're at their tax brackets don't you think these tax brackets are going to speak even if the tax and spend crowd they're going to say look we need to lower these brackets and increase business tax i mean isn't that something the democrats can get behind absolutely and i have said publicly many times that i think there's a lot of room for cooperation here i think there's bipartisan agreement that the corporate tax rate is high the united states has one of the highest in the developed world but there are are serious issues with what the republicans are proposing and again in all. back to the trickle down economics theory about if we give people at the top more than wall do better down the line which is proven not to be true and in fact when the bush tax cuts took effect income inequality grew significantly which is which is a huge part of the problem that we're facing right now and the tax rebates now in two thousand and eight which were supposed to correct a lot of what. a lot of time and i want to go to you on this we're talking about

these bush era tax cuts what you say to those accusations that you know that it's trickle down it's bush era tax cuts it's going to increase the deficit what do you say to that. well look i mean the biggest the biggest problem we have in this country is the corporations that are using the tax burden to get overseas and stay overseas russia look america first i started to mention we want jobs in america which means the corporate tax rate puts all of our businesses at a competitive disadvantage after that the estate tax is so unfair because it taxes people twice really more than twice so all of these things but i disagree with connor it is shown especially under reagan when you on leash the tax code and stop the preferences for corporations and others everybody is lifted now i agree we ought to make the corporations be fairer get rid of loopholes and all but what we need now most of all is tax reform and so he disagrees with you on this and you have mentioned in the past that you feel that these if they rely on consumer

spending often these tax cuts that just motivates people to buy foreign products but isn't that kind of like an america first approach to that for sure but the problem those is that when you the idea is that if you put more money in the consumers' pockets they're going to spend the rest saves more and or save more which is great for the individual but if you're looking at is a holistic approach when people are saving more they're not spending and when they are spending a lot of it is on foreign made products so while yes there is an economic advantage to cutting taxes i think everybody can agree with that cutting of taxes across the board including those the very top really doesn't do much to boost the economy and in fact it actually does a lot more harm in fact in two thousand and six we solve value of a dollar begin to decline because of a downward pressure put on it by the deficits in large part created by the bush era tax let's talk about those loopholes you mentioned we both know that the rich guys at the top can hire the lawyers and use those loopholes and what if we say ok

you're going to finance a lower taxes for certain brackets but no more loopholes and do you think that that's a valid argument and using the moderates who voted for trump but still. i want you to they they are moderates and so do you think that that's a way that democrats might be able to sell something like that absolutely look i am and why are we hearing more about this so i am all for eliminating loopholes and you can see the children do i think i'll cross that i've got a something but the problem is that actually if you read trump's one pager it's basically creates a whole a whole new loophole i think yeah i think the answer is yes i mean there are areas where they can work together that being primarily one of them the loopholes and exactly what talk about this repatriation tax you're talking about you know alleviating taxes on business but what about bringing them back and giving them no one's going to want to leave ireland when you've got a one percent tax ok that's not going to happen but let's say this repatriation tax what do you think about this so i mean look i think at the end of the day what what

we can't do is say we can't be one sided now right because we know that at the end of the day is what trump does have a valid point and so that people like bernie sanders they have a point when they talk about that but at the end of the day we have to be reasonable and we have to understand that if we if we impose new taxes especially whether it's foreign made american made that eventually goes down to the consumer so this isn't a sort of a one size fits all check the box and saying read my lips no new taxes that we're going to push one maybe but in a different way at reuters yeah absolutely real quick twenty seconds what do you think about cutting recess until these guys and girls get their get their assignments done oh i think it's i think it's a shame really i do i mean i think that we sent them there with a big agenda and if they're not going to do it might as well go home exactly i agree and it's interesting to see if trump's threats on twitter well ever come to fruition. you know if we don't and we know how to hold our breath on that thank you so much brantley executive director of america's youth pac thanks for joining us.

but now after negotiations scheduled to begin next month a number of trade issues between canada and the united states are already the subject of debate in. the circles on both sides of the border although all indicators point to a modernization rather than a rewrite of the agreements negotiators are preparing for some tough talks coming up so we've got to bring an r.x. he's alex and i live action with more on this for us coming from toronto now look what are some of these issues that may cause friction between the u.s. and canada during these negotiations we've talked trade talked resources across the board but what's really come to the surface now you know is that we've talked about this at length already you know that there's some improvements to the good to the agreement to include new tax as well as when it comes to any type of deficit we know that the united states would like to see those be wiped clean but there are other factors in there as well and really it comes down you know one of the top

factors is the agricultural industry in particular dairy canada has these tariffs and when it comes to a certain degree the american milk coming into this country it is doing big time with duties and tariffs that's one aspect of it another aspect of it would when it comes to new technology one thing that's not included in the if that is ultimately filtered milk well that's used in cheese and other dairy products that was actually being flooded through a loophole into canada the canadian the dairy industry complain that all this american product coming in here was killing the industry to the tune of two hundred million dollars annually so they did their own thing and they come up with their own laws and agreements that then hurt the american industry when we're talking about imports into canada so of course the american dairy industry wants to be able to have more oxus to the canadian market market should already any country should also wind that's another big one this is a little bit of a touchy issue when it comes to canada with the wind for example of british columbia only british columbia and winds can be.