FIRST GUEST TONIGHT IS THE FIRST FEMALER?
FROM THE STATE OF MASSACHUSETTS AND THE MOST PERSISTENT.
PLEASE WELCOME SENATOR ELIZABETH WARREN!
( CHEERS AND APPLAUSE ) ( BAND PLAYING )
>> Stephen: WE COULD JUST DO THIS ALL NIGHT.
THANK YOU FOR BEING BACK HERE.
THE LAST TIME WE WERE TOGETHER WAS MAYBE JULY OR SOMETHING OF
2016?
>> IS THAT RIGHT?
>> Stephen: IT WAS OVER A YEAR AGO.
>> HAS IT BEEN A WHILE?
DONALD TRUMP WAS NOT PRESIDENT OF THE UNITED STATES
THE LAST TIME YOU WERE ON.
>> I REMEMBER THOSE DAYS.
>> Stephen: YEAH.
HOW LONG HAS HE BEEN PRESIDENT NOW?
>> Stephen: 45 YEARS.
YEAH, THAT'S WHAT I THOUGHT.
>> Stephen: IF MY BONE DENSITY IS ANY INDICATION.
>> THAT'S RIGHT.
THEY WERE DOG YEARS, NOW THEY'RE TRUMP YEARS.
IT'S GOING TO BE HARD.
( APPLAUSE ) >> Stephen: USUALLY THE
PRESIDENCY AGES HIM.
WE'RE THE ONES GETTING OLDER VERY QUICKLY.
>> EXACTLY.
>> Stephen: HERE'S THE THING -- SOMETIMES THERE ARE
TIMES WHEN YOU AND THE PRESIDENT AGREE.
THERE ARE SOME RARE THINGS YOU GUYS AGREE ON.
>> WOW.
>> Stephen: FOR INSTANCE, JUST THE OTHER DAY, HE TWEETED THIS,
HE SAID: POCAHONTAS JUST STATED THAT THE DEMOCRATS LED BY THE
LEGENDARY CROOKED HILLARY CLINTON RIGGED THE PRIMARIES.
LET'S GO F.B.I. AN JUSTICE DEPARTMENT.
THAT MUST HAVE FELT GOOD, THE PRESIDENT AND YOU AGREED ON
SOMETHING, BECAUSE JAKE TAPPER DID ASK YOU IN AN INTERVIEW DO
YOU THINK THE PRIMARIES WERE RIGGED AND YOU SAID YES!
>> SO LET'S DO BOTH HALVES.
THE FIRST HALF, DONALD TRUMP THINKS IF HE'S GOING TO START
EVERY ONE OFFTHESE TWEETS TO ME WITH SOME KIND OF RACIST SLUR
HERE THAT HE'S GOING TO SHUT ME UP.
IT DIDN'T WORK IN THE PAST, IT'S NOT GOING TO WORK IN THE FUTURE.
( CHEERS AND APPLAUSE ) >> Stephen: FAIR ENOUGH.
NOT GONNA WORK!
( CHEERS AND APPLAUSE ) >> Stephen: SO LET'S GET INTO
THE SECOND HALF OF WHAT HE'S SAYING.
JAKE TAPPER ASKED YOU IF YOU THOUGHT THE PRIMARIES HAD BEEN
RIGGED AND YOU SAID YES.
WOULD YOU LAKE TO -- >> LET'S CLARIFY.
WE HAVE A PROBLEM AT THE D.N.C.
AND NEW HEAD OF THE D.N.C.
I SAID, YEAH, THERE ARE SOME THINGS -- WHO SAID THERE ARE
THINGS WRONG AND WE SHOULDN'T HAVE A THUMB ON THE SCALE AT THE
D.N.C. AND HE IS GOING TO PUT IN NEW RULES TO MAKE SURE THE
DEMOCRATIC PARTY IS THE PARTY OF THE PEOPLE SO WE CAN FIGHT
FORWARD ( CHEERS AND APPLAUSE )
AND THAT IS EXACTLY WHAT WE WERE DOING A WEEK AGO TUESDAY WHEN
DEMOCRATS WON ALL ACROSS THIS COUNTRY.
( CHEERS AND APPLAUSE ) AND THAT'S WHY WE'RE HERE.
IT'S TRUE.
>> Stephen: SO THE ELECTION 2018 MIDTERMS ARE LESS THAN A
YEAR AWAY.
>> THAT'S RIGHT.
I'M UP FOR REELECTION.
>> Stephen: YOU'RE UP FOR REELECTION?
AR( CHEERS AND APPLAUSE ) >> Stephen: ARE THE PEOPLE
BACK HOME AS ENTHUSIASTIC AS THE PEOPLE IN THIS ROOM BECAUSE IF P
THEY ARE YOU DON'T HAVE TO CAMPAIGN.
>> I SURE HOPE.
SO I'M OUT THERE.
>> Stephen: WHAT ABOUT 2020?
( CHEERS AND APPLAUSE ) >> LOOK, WE'VE GOT TO BE REALLY
CAREFUL HERE.
I GET THE POINT ABOUT TRUMP YEARS AND WHAT THIS FEELS LIKE
RIGHT NOW, BUT WE'VE GOT FIGHTS IN FRONT OF US RIGHT NOW.
WE CAN'T PLAY THIS GAME OF EVERY FOUR YEARS WE'RE GOING TO GET
FOCUSED AND ACTIVE IN POLITICS.
RIGHT NOW -- RIGHT NOW -- I MEAN, LIKE, THIS PAST WEEK AND
THE WEEK COMING UP, WE'VE GOT TO FIGHT ON TAXES WHERE THE
REPUBLICANS ARE TRYING TO PUSH THROUGH A TAX BILL THAT HAS A
TRILLION AND A HALF DOLLARS IN GIVE WASTE FOR GIANT
CORPORATIONS, FOR BILLIONAIRES, AND I WANT TO PAY FOR IT BY
HAVING WORKING FAMILIES' TAXES INCREASED.
EVERYBODY UNDER $75,000.
AND HERE'S HOW I SEE THIS, THIS ISN'T ABOUT NUMBERS BUT VAL
YIEWSSMENTS I DON'T BELIEVE ONE MIDDLE CLASS PERSON IN AMERICA
SHOULD HAVE HER TAXES RAISED IN ORDER TO DO TAX GIVE WASTE TO
BILLIONAIRES.
THAT'S -- GIVE AWAYS TO BILLIONAIRES.
( CHEERS AND APPLAUSE ) >> Stephen: TRUMP SAYS HE
WANTS TO GET A HUGE TAX CUT FOR CRMS.
WHY CAN'T IT A HUGE TAX CUT FOR DEMOCRATS?
>> ALL YOU HAVE TO DO IS ACTUALLY READ IT.
IT IS A TRILLION AND A HALF DOLLARS IN CUTS.
>> Stephen: DON'T MAKE ME READ TAX POLICY.
( LAUGHTER ) >> FOR GIANT CORPORATIONS.
>> Stephen: WHAT ABOUT THE TRICKLE-DOWN THEORY?
I MEAN, COHN HAS SAID THIS IS TRICKLE DOWN, THAT YOUOU GIVE TH
MONEY TO THE TOP OF THE FINANCIAL PERMID DR. LET ME --
PYRAMID -- LET ME FINISH BEFORE YOU TEAR IT APART -- THAT THERE
IS A BUCKET AT THE TOP OF THE FINANCIAL PYRAMID OF AMERICA AND
IF WE FILL THE BUCKET, EVENTUALLY IT WOULD DRIBBLE DOWN
TO THE REST OF AMERICA.
THIS IDEA HAS BEEN SOLD TO THE AMERICAN PEOPLE AT LEAST THREE
TIMES IN MY ADULT LIFETIME.
WHY CAN'T HE JUST SELL IT AGAIN?
>> THAT'S EXACTLY WHAT HE'S TRYING TO DO.
FINK YOU LOOK AT THE SHOTS OF HIM RIGHT AFTER HE SAID IT'S
TRICK TOWN AGAIN, HE SAID IS ANYBODY BUYING THIS?
BECAUSE WE HAVE THE DATA, TRICKLE DOWN DOESN'T WORK.
WE HELP THE RICH GET RICHER, THE RICH GET RICHER.
>> Stephen: THE THEORY IS THE RICH TIP PEOPLE MORE.
THAT IS LITERALLY THE THEORY.
( LAUGHTER ) >> HERE'S THE DEAL, WE ACTUALLY
HAVE RECORDED THE C.E.O.s OF THESE BIG CORPORATIONS OVER THE
PAST FEW MONTHS HAVE BEEN DOING THEIR QUARTERLY CALL REPORTS
WHERE THEY TALK TO THE ANALYSTS ON WALL STREET AND SAY BUY OUR
STOCK BECAUSE WE'RE DOING A GREAT JOB AND HERE'S WHAT'S
HAPPENING, AND THEY HAVE BEEN ASKED ABOUT, SO, IF YOU GET A
TAX BREAK, WHAT ARE YOU GOING TO DO WITH IT?
AND THEY SAY, WE'RE GOING TO GIVE BACK A LOT OF IT IN
DIVIDENDS OR STOCK BUYBACKS TO PUMP UP THE PRICE.
THEY DON'T SAY WE'RE GOING TO HIRE MORE PEOPLE, WE'RE GOING TO
INVEST MORE HERE IN AMERICA.
THEY SAY, WE'RE GOING TO MAXIMIZE OUR RETURNS TO OUR
WEALTHIEST SHAREHOLDERS.
ETTES OUT THERE AND ALL WE HAVE TO DO IS TAKE A LOOK AND SEE IT.
WE GOT INTO A FIGHT OVER HEALTHCARE WHERE REPUBLICANS
SAID IT'S JUST FINE TO KNOCK 25 MILLION OFF THEIR HEALTHCARE
COVERAGE, THAT THAT WAS JUST REALLY COOL WITH THEM.
ONE POLITICAL PARTY, DEMOCRATS, SAID NO, HEALTHCARE IS A BASIC
HUMAN RIGHT AND WE FIGHT FOR BASIC HUMAN RIGHTS.
( CHEERS AND APPLAUSE ) I DO THAT.
NOW, THE IMPORTANCE OF THIS IS THAT WE DIDN'T HAVE ENOUGH VOTES
OPEN THE DEMOCRATIC SIDE TO STOP THE REPUBLICANS WHEN THEY WERE
READY TO ROLL BACK HEALTHCARE.
BUT WHAT WE DID DO IS WE GOT PEOPLE ALL AROUND THE COUNTRY
ENGAGED IN THE FIGHT.
WE GOT DEMOCRATS AROUND THE COUNTRY, BUT LET'S BE BLUNT,
REPUBLICANS, INDEPENDENTS, LIBERTARIANS AROUND THE COUNTRY,
VEGETARIANS AROUND THE COUNTRY --
( LAUGHTER ) -- WE HAD EVERYBODY, AND PEOPLE
GOT OUT THERE AND SAID, I BELIEVE HEALTHCARE IS A BASIC
HUMAN RIGHT, GOT IN THE FIGHT AND WE SAVED HEALTHCARE FOR
25 MILLION AMERICANS.
DEMOCRACY DID THIS.
( CHEERS AND APPLAUSE ) >> Stephen: WELL, I THINK, IF
I'M NOT MISTAKEN, I HEARD THE STATISTIC TODAY SOME POLLS ARE
SHOWING ONLY ABOUT 25% OF RESPONDENTS IN POLLS LIKE THIS
TAX BILL AND THAT 52% OF AMERICANS STRONGLY OPPOSE.
>> THAT'S RIGHT.
>> Stephen: WHICH IS REALLY EXTRAORDINARY FOR PEOPLE TO BE
PAYING THAT MUCH ATTENTION TO THE SUBSTANCE AS OPPOSED TO THE
MESSAGING OF A TAX BILL.
BUT DO YOU AGREE THAT SOMETHING HAS TO BE DONE WITH OUR TAXES?
BECAUSE OUR TAXES ARE TOO COMPLICATED.
PEOPLE DO WANT TO BE ABLE TO DO THEIR TAXES ON A POSTCARD.
THAT IS WHAT THE REPUBLICANS PROMISE.
WHAT YOU COULD DO TO ACHIEVE THAT END?
>> IF THE REPUBLICANS STARTED OUT AND SAID LET'S DO WHAT WE
CAN TO MAKE TAXES FARER FOR MIDDLE CLASS FAMILIES, THEN I AM
ALL IN.
I WILL JUMP IN BOTH FEET, READY TO GO, I WILL BRING THE DONUTS
AND WE CAN HAVE THE MEETING AND I'LL BRING DUNKIN'.
IT WILL WORK, RIGHT?
( APPLAUSE ) BUT THAT'S NOT WHERE THIS TAX
PROPOSAL STARTED.
THIS TAX PROPOSAL STARTED WITH THE DONORS TO THE REPUBLICAN
PARTY, AND THEY HAVE BEEN REALLY BLUNT ABOUT THIS.
>> Stephen: THAT YOU HAVE TO GET THE TAX CUT OR YOU GUYS ARE
OUT.
>> FOR RETURN ON INVESTMENT.
AND WHAT THESE DONORS TO THE REPUBLICAN PARTY ARE SAYING,
EITHER YOU PRODUCE A TAX CUT RIGHT NOW THIS TIME, OR COME
2018 ELECTIONS, YOU'RE NOT GOING TO GET THE SAME KIND OF
DONATIONS THAT WE'VE GIVEN YOU IN THE PAST.
IN OTHER WORDS, THIS TAX CUT STARTED AT THE TOP TO PAY OFF A
HANDFUL OF BIG-TIME REPUBLICAN DONORS, AN OUR ONLY CHANCE TO
FIGHT THIS THING BACK IS JUST LIKE IT WAS WITH HEALTHCARE,
MILLIONS OF PEOPLE ACROSS THIS COUNTRY OUT THERE TWEETING AND
POSTING AND PROTESTING, TAKING TO THE STREETS AND SAYING NO.
( APPLAUSE ) THAT'S WHAT IT'S GOING TO TAKE.
>> Stephen: WE'VE GOT TO TAKE A LITTLE BREAK.
WE'LL BE RIGHT BACK WITH MORE ELIZABETH WARREN.