tv Boom Bust RT December 1, 2017 4:30pm-4:58pm EST
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this is from the campus at stanford when start with the text will show you did. use a major differences between the house and the senate you think we're going to get a bill by the end of december. larry i do think there will be a strong push whether they actually get it by the end of december if it slips into twenty eighteen we'll have to see but i do think that republicans are commit something out they of course across the first hurdle this week with a vote in the budget committee on the senate side so i do have confidence that they will be a tax bill now whether it's going to look more like the senate version of the house version that remains to be seen but certainly i think the political and the policy momentum is there why robin is the end of december so well donald trump trying to give everybody a little christmas present but what they what they feel to realize though is that he keeps turning this as the the big cut for the middle class so what they don't know is that this christmas gift will be very small by my calculation about eleven
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hundred dollars is what they'll save on their federal taxes but those of us like myself who itemize and do tend ninety nine s are going to get the shaft and where if you this bill is great if you don't own anything but if you own property it itemize this bill is really not going to be good for you so i know that it's important for him that he delivers because they've had no measurable major legislative wins they need to give something back they promised and promised and promised to their constituents they've blocked on obamacare they need to get something done and i think that we will see something but like i said i think it's going to fall short of what he's promised on the campaign trail larry what about republican support for the plan lunny has a rooted or is it picking up we don't seem to know the democrats the to keep infested not attend the meeting with the president. yeah i don't anticipate any democrats will support this i do think that the republican supporters remained pretty steady as your viewers probably know there are
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a number of republicans that have been a little bit wobbly their support has been questionable so that's people like john mccain of arizona lisa murkowski of alaska susan collins of maine bob corker of tennessee ron johnson of wisconsin now all of these people have said in some form or another larry they want to get to yes they want to get to a point where they can vote for this legislation so i do think that even though there's been some shakiness there i think you're going to see most republicans come together the problem is in the senate you can only afford to lose two republicans before this thing goes down to defeat it was the same dynamic we saw with the debate over obamacare so you know watch to see where this ends up going but my sense is that even the shaky republicans are likely to come back to this because there is some substantial middle class tax relief here most americans the vast majority over seventy percent take the standard deduction you're going to see a doubling of the standard deduction through this tax bill and so i do think that many many republicans are going to see this as an opportunity to vote for middle
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class tax cuts which is not to say the bill is perfect i think there's a lot of things about it that do need to get fixed in the conference committee but ultimately i think a lot of people are going to have a very difficult time voting against tax relief rather than is is senator mccain again the stumbling block to. it's not just him it's eight. was appropriate to name those off there are also a couple that were left out steve daines of montana he's unhappy with the pratt pass through business income tax rate. and representative lankford of oklahoma says that it's going to explode the deficit he's a deficit hawk just like corker corker just came on board though and said that he's good with it as long as as long as there's a backup plan and that it does actually deliver the zero point four percent growth that was promised because if it doesn't that he wants a backup plan and then representative flake says that he's got can say it's our concerns again about exploding the deficit and then marco rubio no one's talking
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about him but he still to this point to this day saying that he's unsure about this and then representative mark i feel pretty sure that she's going to fall in line with this because of basically quid pro quo because her father always wanted to get the arctic drilling in alaska and she's basically using this as a means to get that through and i believe that if she does get that single issue that she will follow him on board but they can't afford to lose to lose but those two let me larry kudlow know him pretty well known economic commentator republican one of the president's outside economic advisers admitted this some time so this plan will hurt a lot of people why is this is such a difference going on here let me. well you know larry is great and i think that he . has a lot of insight on this so what i would say is clearly in some places you know if
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you live in california larry as you and i do you live in new york you live in states that have high state tax burdens if the state and local tax deduction is eliminated that's going to create some challenges certainly for people particularly in the upper middle class and the upper end of the income scale in states like california and new york and then you look to other provisions as well for example what they've had to do to curb some of the tax preferences around higher education i think that will create some challenges as well the question though larry fundamentally is what's the goal here and i think republicans would say look the goal here is to lower tax rates across the board broaden the base of taxation because that's how you get economic growth and job creation going and so the economic theory behind it means that there's going to be some difficulty tradeoff so those trade offs are difficult ones i think larry kudlow is absolutely right and that's why the politics of this remain very difficult and challenging even as we go up to the wire here on a potential vote in the senate and then the house by the end of the year we're
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going to have a lot of the big. moves. should. more have drawn is he going to win what's your read on the whole thing. you know if i had to read the tea leaves larry i'm going to be honest i think that he probably will win and the reason that i'm going to say that is because the polls right now show that doug jones is polling about one percent higher which is so close to that margin of error but these polls are the same polls that were showing that hillary clinton was going to win by ninety one percent so my point that i want to make to make this quick is that i think there are a lot of voters that are and barest when these pollsters are calling i think there are a lot of voters that are embarrassed to say that they support roy moore so i think when the polls actually turn out that they will probably vote for him i do want to point out that doug jones however is a conservative democrat he's been falsely labeled by the president as being a liberal and coddled up to dance in palosi so you know the that's not true but i
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do i think it sends the wrong message if roy board does get elected that this type of behavior even though it was forty years ago somehow gets a pass as a republican is e an embarrassment to you oh he's absolutely an embarrassment to me personally if i were a voter in alabama there's no way i'd vote for roy moore but i think you have to realize the position that a lot of republicans have taken is it's reprehensible behavior ultimately this decision is in the hands of the voters of alabama they're going to decide i tend to agree with robin that probably it is the case that the voters of alabama are going to send roy moore to the senate and then it becomes incumbent on mitch mcconnell of the leadership of the u.s. senate to hold him accountable to have an ethics investigation and hopefully to find some way to to to get him out of the senate but look if i were in the position of a voter in alabama there is no way i'd vote for this guy i think the accusations are
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credible and it's highly highly unfortunate that he has not dropped out of the race yet why it is do you think robin mr trump to use to support him. because he's only toeing the party line and he's doing what's best for him himself only he's not looking it's just about politics and about party with this president right now and that's most unfortunate donald trump of course had all those accusations against himself we never really saw where those led but roy moore is just absolutely reprehensible and to say when he came out and said and s n b c one of his one of his someone the spoke for him said that you just don't understand dating in alabama and that he had this young teenagers per the mother's permission to date her those sort of things just don't resonate and that doesn't
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that doesn't get a pass even in alabama i'm more interested to see what the effect this third party write in candidate lee busby by have on the outcome of this because he is a retired marine colonel and he brings a lot to the table he's way behind the eight ball but i'm curious to see how that might change things up larry money in the end though if he does send to the republican governors gun the support of the public to. yeah yeah. governor k. i.v. of alabama who was the governor who named of course luther strange to the senate when jeff sessions was confirmed as attorney general that's how we got into this special election in the first place is likely going to support a republican and i think look it's unreasonable to expect her to do differently i think the question then becomes how long is this all going to take and in my view larry what the republicans don't want is they don't want six nine twelve months of
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litigating rule in moore's indiscretions in his past that would be very detrimental to republicans in the senate and the republican agenda so frankly i think the best thing obviously the best outcome for republicans would continue to be a forum or would step aside i don't think that's going to happen if he gets elected i hope they can resolve this situation expeditiously and well robin is on the front page every day he's on everyone's tongue. he doesn't want to be you would probably be time's man of the year again. but the gallup poll shows him a should do seven percent disapproval rating how to use the democrats explain. donald trump. oh well how i explain donald trump and i'll add how i have always explained to him as that he did tap into a very visceral anger people were angry and hillary clinton just never did
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tap into that she sort of ran a feel good campaign and donald trump just tapped into those fears he tapped into a darkness he tapped into an anger and he did with his tweets people really did think that he was calling things as they were and they believed everything that he was saying hook line and sinker and i frankly saw this coming which is why on election night i went to bed at ten o'clock and said just wake me up when it's all over larry we'll continue the conversation with robin morrow and let me jan right after the break.
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