roger altman from salt lake.en moore, economic adviser for the trump team, and you say what, steve? >> well, you know, mike was saying at the start of the segment don't expect any new ideas from hillary clinton, and that's because there are no new ideas. what you just heard from the clinton campaign be, let's see, more shovel-ready projects, raise the minimum wage, more tax increases on the rich, more free things. you know, bill, that sounds an awful like what we've done for the last eight years and, obviously, the results have been disastrous as donald trump has talked about -- bill: steve, answer this then, okay? >> yeah. bill: her plan, $275 billion in new spending. that's infrastructure, right? as i just pointed out -- >> let me just stop you right there -- bill: let me get to the question, and you can answer it, okay? trumps has said he wants to spend more than that. is that a good idea? >> let me start with hillary on infrastructure. did you know, bill, under barack obama we have spent almost $800 billion o

let's bring in larry kudlow, informal adviser to donald trump, and roger altman, evercorps executive chair, informal adviser to the clinton campaign. good to have you both back. susan will jump in here as well. larry, we just spoke with mr. kruger, and i asked him about the estate tax in particular, which is one of the things mr. trump would do away with. it affects a very small, very wealthy percentage of the economy. my feeling on the estate tax, frankly, is that i don't think death should be a taxable event. and that much of the income that is built up in an estate has already been taxed. he took a different point, which is to say that the step up in basis means that a lot of it hasn't been taxed. what's your response there? >> wait, wait -- >> the step up in basis doesn't affect the estate. >> first of all, that's a capital gains issue. >> yes. >> second of all, they have been taxed every year on the income of their business. >> right. >> so when you're taxed at death, you're double taxing. regarding the capital gains and the so-called step-up, that depends on what rules are in p

roger altman, thank you for joining us. you all for joining us. >> we leave you with ashleigh banfield and "legal view" starting now. >> hello everyone. i'm ashleigh banfield. welcome to "legal view." 89 days, folks, count them, before this election is settled and three days after donald trump unveiled his economic plan in detroit, it is now hillary clinton's turn to do the same thing. in a little over an hour, t

roger altman, thank you for joining us. thank you all for joining us. >> we leave you with ashleigh banfield and "legal view" starting now. >> hello everyone. i'm ashleigh banfield. welcome to "legal view." 89 days, folks, count them, before this election is settled and three days after donald trump unveiled his economic plan in detroit, it is now hillary clinton's turn to do the same thing. in a little over an hour, the democratic nominee for president is going to talk about whether her plan for what she calls an economy that works for everyone is actually going to resonate. the story of the hour right now is trump's newly incessant claim that president obama and hillary clinton founded isis, not were responsible for, founded isis. and i know words are important and sometimes people just might misuse them or misstep. we'll get to that, mark my word. this is a claim the clinton campaign says echoes the talking points of vladimir putin, the president of russia. mr. trump just wrapped up an address to the home builders conven

my pal roger altman which is a dear friend of mine and smart guy, he's adopting this tax the rich stuff i don't want to take the side of argument that i want to pay more taxes because i don't. but fair is in the eye of the beholder. >> look at the politics of that. hillary clinton found a way to -- i don't know if you want to use the word demagogue it, whatever you call it. she said, and donald trump wants to give millions in tax breaks to corporations. and how do you from a political standpoint say, you know what? one of the reasons why our companies are leaving this country is because they're able to go abroad and pay -- is that something that would sell to the american public? >> i do. i think it has to be spelled out, it has to be messaged. clear points. but they know this. if you're taxed to death here, you're going to move to ireland. okay? just make it as simple as we can. and by the way, they're growing at 7% a year. >> do you like the tax holiday opposed to -- >> what's the tax holiday? >> the 10% repatriation. one shot. >> i'll do repatriation. it's in trump's plan. 10%. >> i