THE REPUBLICAN TAX PLAN HAS BEEN REVEALED IN THE EARLY POLLS
I'VE SEEN HAVE IT AT LOWER THAN 33% APPROVAL, REPUBLICANS ON DAY
ONE HAVE THEIR WORK CUT OUT FOR THEM.
LET'S SEE HOW THEY DO WHEN
FACED WITH SOME FAIRLY OBVIOUS SURFACE LEVEL CRITICISMS
LIKE IN THIS CLIP.
>>THE BOTTOM LINE IS 18.6 IS WHAT COMPANIES REALLY PAY
BUT IF THEY GOT A DEDUCTION BECAUSE AT 20
OF MEANS THEY WILL PAY LESS, IF THEY GOT THAT DEDUCTION HOW
DOES IT MAKE IT INTO PEOPLE'S POCKETS OTHER THAN SHAREHOLDERS?
>>WE ARE CLOSING LOOPHOLES AND CUTTING SPECIAL INTEREST TEXT
INDUCTIONS.
>>PLEASE ANSWER THE QUESTION, THE DIRECT QUESTION, BECAUSE
WHEN IT COMES TO CORPORATE TAXES YOU AREN'T ACTUALLY CLOSING ANY
OF THE LOOPHOLES, YOU WERE JUST LOWERING THE RATE, SO THOSE
CORPORATIONS WILL STILL BE ABLE TO EMPLOY ALL THE LOOPHOLES AND
ESSENTIALLY PAY EVEN LESS, HOW IS CUTTING --
>>THEY WON'T BE ABLE TO USE THOSE LOOPHOLES, WE ARE
TAKING THE LOOPHOLES OUT OF IT.
>>THE ONLY LOOPHOLE I SAW WAS ELIMINATING DEDUCTIONS FOR
ENTERTAINMENT EXPENSES.
>>WE ARE CLOSING LOBBYIST LOOPHOLES, DOING AWAY WITH
SPECIAL INTEREST TAX DEDUCTIONS.
>>SPECIFICALLY --
>>MORE
FAIR, MORE SIMPLE, I'M TELLING YOU A LOT OF THOSE DEDUCTIONS
AND LOOPHOLES, WE ARE CLOSING THOSE, WE ARE SIMPLIFYING THIS.
>>PLEASE TELL ME ONE CORPORATE LOOPHOLE YOU ARE CLOSING.
>>WE ARE CLOSING MORE THAN ONE.
>>GIVE ME A SPECIFIC ONE, SIR.
>>THIS WILL SIMPLIFY OUR TAX SYSTEM.
>>I'M ASKING FOR A SPECIFIC EXAMPLE OF A LOOPHOLE.
>>THIS BILL STILL HAS TO BE MARKED UP BUT THE FRAMEWORK THAT
HAS BEEN ROLLED OUT SHOWS US WHAT WE WILL BE LOOKING AT, THIS
IS WHAT THE WAYS AND MEANS COMMITTEE IS WORKING ON AND
MARKING UP, WHAT WE WILL BE VOTING ON THE FOUR THINGS
GIVING.
I CAN ASSURE YOU THIS IS MUCH BETTER THAN WHAT WE'VE GOT NOW.
>>THAT WAS AWESOME.
I HEAR YOU, WE ARE CLOSING ALL THE
LOOPHOLES.
GOOD, GIVE ME ONE.
>>I WILL GIVE YOU MORE THAN ONE.
LATER.
>>THIS IS HOW THE REST OF THE INTERVIEW WENT, LET'S WATCH.
>>SHE TRIED, SHE HAD GOOD AIM.
>>NICE 26-YEAR-OLD REFERENCE.
>>IS IT THAT OLD?
>>WHERE IS THIS REFERENCE IS TOO SOON.
>>IF NOT GOOD BECAUSE HE SHOT BACK.
>>THEY AREN'T CLOSING ANY OF THE CORPORATE LOOPHOLES.
IT'S
AMAZING, THE ENTERTAINMENT LOOPHOLE IS LIKE NOTHING, $38.
THEY SAID THE WHOLE POINT OF TAX REFORM IS THESE AREN'T TAX CUTS,
THIS IS TAX REFORM.
WE MAKE IT MORE EFFICIENT, YES IT APPEARS
WE WILL LOWER THE TAX RATE TREMENDOUSLY FOR CORPORATIONS
FROM 35 TO 20%, THAT'S A RECORD-BREAKING CUT, BUT IT'S
OKAY BECAUSE WE WILL CLOSE THE LOOPHOLES.
THEY DIDN'T, IT COMES
OUT TO TRILLIONS IN TAX CUTS FOR CORPORATIONS AND THEY
DIDN'T CLOSE THE LOOPHOLES.
>>ALSO IF IT'S GOING TO BE THE SAME THING, WHY ARE YOU DOING
AT?
IF YOUR BIG ARGUMENT IS WE WILL DO THIS BIG TAX REFORM BILL
AND IT WILL BE THE SAME IN THE END, DON'T BOTHER.
>>YOU WILL SEE WHY AND THE NEXT CLIP.
I KNOW IT IS A DIFFERENT
THING BUT IN TERMS OF LOOPHOLES THEY DIDN'T JUST NOT CLOSE THEM,
THEY ARE KILLING THE ALTERNATIVE MINIMUM TAX WHICH IS DESIGNED TO
STOP PEOPLE FROM USING LOOPHOLES.
>>THAT'S A GREAT POINT, JOHN.
>>I TRY.
THE CONCERN IS THAT THIS IS ACTUALLY GOING TO BE A
MASSIVE OVERALL TAX CUT, WE KNOW WHAT THAT IS, IT'S TRICKLE-DOWN
ECONOMICS ALL OVER AGAIN.
WATCH SOME MORE DODGING, AND YOU WILL GET AN ANSWER TO YOUR
QUESTION OF WHY DO THIS AT ALL?
>>THE BUSH TAX CUTS DIDN'T RESULT IN GROWTH OR HIGHER
WAGES, WHY ARE YOU CERTAIN THIS WILL BE DIFFERENT?
>>FIRST AND I JUST COMMENT, DID THE SPEAKER SOUND LIKE A FORMER
CHAIRMAN OF WAYS AND MEANS?
I KNOW YOU WERE GETTING RAMPED UP.
>>THAT WAS AWESOME ON 18 DIFFERENT GROUNDS.
ONE IS THEY
ASKED THE TAX CUTS DIDN'T WORK LAST TIME UNDER BUSH, THAT'S A
FACT, WHY IS THIS DIFFERENT?
AND HE IS LIKE, KEVIN BRADY, COME
ON.
AND HE'S LIKE I'M NOT ANSWERING THIS.
HE COMES UP AND
LOOKS LIKE MINI ME, EXCEPT MORE BALD.
>>PAUL RYAN HAS HAIR.
>>ALSO THAT AWFUL USED-CAR SALESMAN
SMILE, IF YOU ARE DIRECTING A MOVIE AND YOU WANT TO HAVE AN
UNCTUOUS POLITICIAN YOU DO THAT, BUT THEN YOU OUR LIKE
THAT'S A LITTLE TOO MUCH, BRING IT DOWN AND WE WILL GO AGAIN.
>>AND PAUL RYAN PREVIOUSLY GOT CRITICISM, TAKING THIS PICTURE
OF ALL THE REPUBLICAN INTERNS AND THEY WERE ALL WHITE --
I'M BEING UNFAIR NOW.
>>I ASSUME HE'S A CONGRESSMAN.
>>I WOULDN'T MAKE THAT ASSUMPTION BUT I COULD BE WRONG.
>>I THINK IT'S IMPORTANT TO POINT OUT THAT THE QUESTION THAT
WAS ASKED, ALTHOUGH IT WASN'T ANSWERED IT WAS ALSO INHERENTLY
FLAWED AND INCORRECT, THEY SAID THE BUSH TAX CUTS DIDN'T WORK,
BUT THEY DID WORK, YOU ARE JUST ASSUMING WHAT THEIR GOAL SHOULD
HAVE BEEN.
IF YOU WERE THINKING IT WAS SUPPOSED TO MAKE JOBS AND
ALL THAT, IT DIDN'T WORK IN THAT, BUT IT DID TRANSFER MONEY
TO THE MOST WEALTHY PEOPLE IN THE COUNTRY, SO WHY WHEN
THEY DO IT AGAIN?
>>OF
COURSE THEY CAN'T ADMIT THAT, SO HE GOES WHAT WAS YOUR QUESTION?
>>THEY AREN'T GOING TO PIN HIM DOWN NECESSARILY BUT HE
WILL HAVE AN INTERESTING DODGE HERE.
>>THE LAST EXPERIMENT DIDN'T LEAD TO GROWTH OR HIGHER WAGES
OR JOBS, AND FACT THE OPPOSITE, SO WHY --
>>THIS IS A COMPLETE REDESIGN OF THE CODE, SO WE CAN SIMPLIFY IT
SO MUCH THAT 9/10 AMERICANS CAN FILE USING A POSTCARD CELL
SYSTEM, LOWERING THE RATES, PROTECTING MORE OF THE FIRST
DOLLARS YOU EARN, MAKING SURE YOU HAVE STRONG MIDDLE-CLASS
RELIEF, BUT IT'S MORE THAN THAT.
WE ARE JUST PUTTING HIGHER
OCTANE FUEL IN AN OLD CLUNKER, WE PROPOSE TO DRIVE A NEWER TAX
CAR THAT CAN COMPETE AND WIN AGAINST ANY COUNTRY IN THE
WORLD, SO THAT REDESIGN FOR SIMPLICITY, FAIRNESS, AND
COMPETITIVENESS, I PREDICT UNDER THIS TAX REFORM PLAN AMERICA
WILL FAULT FROM 31ST IN THE WORLD TO THE TOP THREE AS THE
BEST PLACES ON THE PLANET FOR THAT NEXT NEW JOB, THAT
NEXT NEW MANUFACTURING PLANT, THAT NEXT NEW RESEARCH
HEADQUARTERS, THAT IS WHAT IS DIFFERENT.
>>THAT WOULD BE GOOD FOR CORPORATIONS.
>>SHE ASKED A SPECIFIC QUESTION, LAST TAX CUTS UNDER BUSH DID NOT
CREATE JOBS, YOU GUYS, REPUBLICANS, SAID IT WOULD, AND
IF YOU REMEMBER AT THE END OF BUSH'S TENURE WE LOST 8 MILLION
JOBS BECAUSE OF THE CRASH, SO NOT ONLY DID IT NOT LEAD TO
ECONOMIC GROWTH, IT LED TO A CRASH, NOT JOBS.
SO WHAT EVIDENCE DO YOU HAVE THAT THIS WILL LEAD TO JOBS
SINCE IT DIDN'T WORK LAST TIME?
>>I HAVE A POSTCARD.
>>I HAVE A POSTCARD, A NEWER TAX CAR, I DON'T KNOW WHAT THAT
MEANS BUT IT SOUNDS GOOD.
>>WHEN YOU'RE MAKING A CLUNKY ANALOGY, DON'T PUT CLUNKER IN
IT, IT IS TOO ON THE NOSE.
>>I PREDICT WE WILL GO FROM NUMBER 31 AND A CATEGORY I JUST
MADE UP TO NUMBER ONE IN THAT CATEGORY.
WHAT ABOUT JOBS?
FOR THAT WE GO TO THE NEXT CLIP.
>>THAT MIGHT SEEM LIKE A BIZARRE -- WHY DO THEY KEEP
COMING BACK TO THE STUPID ONE PAGE THING?
IT'S IMPORTANT TO
NOTE THAT IT'S NOT TRUE, YOU WON'T BE ABLE TO FILL OUT A
POSTCARD, BUT THEY REALLY WANT YOU TO THINK YOU WILL BE ABLE
TO.
I DON'T THINK IT'S A STUPID STRATEGY, I THINK IT'S AN HONEST
STRATEGY WHERE THEY ARE BETTING THAT YOU WILL LET TRILLIONS BE
TRANSFERRED TO CORPORATIONS AND THE WEALTHIEST PEOPLE IN THE
COUNTRY BECAUSE YOU REALLY JUST WOULD PREFER NOT TO HAVE TO FILL
OUT AS MUCH PAPERWORK.
LAZINESS WILL TRUMP FINANCIAL SELF-INTEREST.
>>THAT WAS THE SOUL OF THE HERMAN CAIN CAMPAIGN.
>>EVENTUALLY THEY WILL BOIL DOWN EVERYTHING TO ONE TWEET.
>>WE ARE GOING TO NEED THE 280 CHARACTERS.
>>THEY PAINT IT AS SIMPLICITY, DULL OR A, FILLING OUT TAXES IS
A PAIN IN THE ASS, BUT THE REAL REASON IS IF YOU ONLY HAVE ONE
PIECE OF PAPER YOU CAN'T HAVE THAT MANY TAXES, AND THEY DON'T
WANT TAXES ON THE RICH, AND IF YOU ONLY HAVE ONE PIECE OF PAPER
FOR ALL YOUR LAWS YOU CAN'T HAVE A LOT OF REGULATIONS, YOU CAN'T
SAY -- THE CRIMES ARE MURDER, RAPE, ROBBERY, AND I RAN OUT OF
ROOM, THERE IS NO ROOM FOR FINANCIAL CRIMES.
IT'S PART OF
THEIR SLASH AND BURN STRATEGY, IT'S CLEVER BUT IT'S NOT
POLLING WELL BECAUSE THE AMERICAN PEOPLE HAVE SEEN TAX
CUTS FOR THE RICH.