Sunday School 10/22/17

I took a stroll over to the middle school complex today, to check in with Maria Bartiromo, who had an exclusive sit down with president Trump which was broadcast today on Sunday Morning Futures. Here are some highlights.

First, they chatted about the chances of getting tax reform; here's Trump's take on things:

We’re doing very well, we had a fantastic vote as you know and with the budget, is, indirectly passed, it’s going to go through a little bit of an iteration but I think it’s going to end up I think again doing very well and I think we’re going to get our taxes, I think it’s going to be well, hopefully, before the end of the year but maybe much sooner than that.

You know there’s a great spirit for it, people want to see it, and I call it tax cuts it is tax reform also but I call it tax cuts, it’ll be the biggest cuts ever in the history of this country and I think that this tremendous appetite, this tremendous spirit for it not only by the people we’re dealing with in Congress but for the people out there that want to see something $5000, it can be $5000 average per individual, per group, and so I’m really looking forward to it, let’s see what happens.

Bartiromo noted that today is the 31st anniversary of the Reagan tax reforms, which as we've been told was the last time we had anything of this magnitude coming forward. And, she wondered if Trump had the votes.

I think we have the votes, I think that Rand Paul actually is going to vote for the tax cuts. I think that other people – you know, we had tremendous enthusiasm this time, you know health care I was told was tougher, but it was close. I mean so far I would say it’s not even a contest and I will tell you, speaking of health care, I believe we’re going to get that also. It’ll be in the form of block grants to the different states and it’ll be a wonderful healthcare, it’ll be a tremendous health care managed properly in smaller doses where you can really do it much more individually so I think we’re going to get that also in a little bit later probably in three or four months from now but I do believe we’ll have that long before the election in ’18. As far as taxes are concerned you see what’s happening it’s really doing well, great enthusiasm. 

Recognizing that Trump had favored, then opposed, then favored and finally opposed again the Alexander/Murray bipartisan effort on healthcare, Bartiromo asked him about his 'souring' on that.

Well, I’ve looked at it very very strongly and pretty much we can do almost what they’re getting. I think he’s a tremendous person, I don’t know Senator Murray, I hear very very good things but I know that Lamar Alexander is a fine man and he is really indebted to do good for the people. We can do pretty much what we have to do without, you know, the secretary has tremendous leeway in the, under the Obama plans, that’s one of the things that they did because it was so messed up they had no choice but to give the secretary leeway because they knew it had to be he or she would have to be changing all the time and we can pretty much do whatever we have to do just the way it is so, uh, this was going to be temporary prior to repeal and replace, we’re going to repeal and replace Obamacare and I think we actually have the votes.People are criticizing me for saying that I think we actually have the votes for that, you know we were basically one short and I think we’re gonna have the votes for that also Maria.

As to his petty squabbles with everyone, noting that his supporters feel the "bickering and the feuding" get in the way. She asked if she thought that was the case.

Here's what the Arguer-in-Chief had to say about that.

No and sometimes it helps to be honest with you so we’ll see what happens in the end but I think that actually sometimes it helps, sometimes it gets people to do what they’re supposed to be doing and, you know, that’s the way it is. I just want what’s right and for the most part they want what’s right too so we’ll see what happens but I do believe we have the votes for healthcare at the appropriate time and I think that we’re going to have the votes for taxes and I will say the fact that healthcare is so difficult makes the taxes easier and the Republicans want to get it done and it’s a tremendous tax cut I mean especially for the middle class and especially for business. We have, you know we’re losing our companies we have companies leaving and I have to say since I’ve been elected that’s really stopped that’s really slowed down. There’s a tremendous enthusiasm for business in this country so a lot of things have changed.

Bartiromo came dangerously close to declaring a war on Christmas - she nearly did.

She asked Trump whether, if Congress doesn't get the tax thing done, "should they forgo Thanksgiving and Christmas, should they be here if they don't have a bill on your desk by Thanksgiving?"

Well I think they should have and I think they will, I think a lot of things are happening unless you know it’s going to be right after that but I don’t even like them leaving but I will say this, I want to get it by the end of the year but I would be very disappointed if it took that long. It could be substantially less than that depending on what happens when we send the bill back to the House, you know they’ll send it back and people are gonna go and make 200 suggestions as opposed to maybe no suggestions because it’s a great bill, it’s going to be a great bill and we’re adjusting, we’re adjusting so that there’s no way that the middle class doesn’t greatly benefit. Every once in a while there’s a method under which, you know it could be that there are some people in the middle class won’t benefit as much as we want them to benefit and we’re making certain adjustments but I think we’re going to have it sooner rather than later.

After talking about a Paul Ryan interview in which Ryan said Trump was looking for a "fourth bracket" Trump pointed out there are already four brackets, it's just that no one will talk about it.

Well he really said that on the basis that I wanted it or was thinking about it because I wanted to make sure that the middle class gets taken care of so in that way yes, but actually we do have four brackets because we have a zero bracket and people aren’t including that so actually it would make it a fifth bracket as opposed to an eighth bracket on the - on the other side, on the other way I call it our competition which is the competition of the past No I think that, I think that when Paul says that we may not have that but I would rather do that than do anything to hurt the middle class.

The last question in this part of the interview had to do with Trump's fear of cutting taxes for the rich. She asked, "If the top earners pay 80% of the taxes, why are you so afraid to cut taxes on the top earners?" Trump's answer was, well, classic Trump.

I think this, look, you know I’m very happy with the way I’ve done prior to this in my civilian life, other people... look, it’s about me and representing rich people, let’s say, you know, representing, being representative of rich people. It’s very interesting to me, you know Bob Kraft was down, he was very nice, you know, he owns the Patriots, he gave me a Super Bowl ring a month ago which was very nice…he left this beautiful ring and I immediately give it to the White House and they put it someplace and that’s the way this, but he said to me, he’s a good man, he said to me, 'you have to do us all a favor, give the tax decrease to the middle class, we don’t need it, we don’t need it, we don’t want it, give it to the middle class'. And I’ve had many people, very wealthy people tell me the same thing. I’ve had very few people say “I want more, I want more” they really want to, see, you know the middle class has really not done very well over the last long period of time and so when Paul mentions maybe one more category which I’d rather not have, it may not happen but the only reason I would have and he does say this he’s very plain nobody said, if for any reason I feel the middle class is not being properly taken care of. 

The interview continued, but I'll be honest, I haven't finished watching it. It was challenging enough to transcribe the part I did. But I promise, I will give it a shot, and will let you know what he said about corporate taxes, if nothing else.

See you around campus.