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tv   MSNBC Live  MSNBC  April 21, 2017 11:00am-12:01pm PDT

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draining it as trump promised on the campaign trail. the city of lights shaken again by terror. isis says it's behind the murders of a police officer on paris' champs-dylesses. donald trump will sign two new executive orders this hour aimed at gutting some of the regulations adopted after the 2008 financial crisis. like most of the 25 executive orders he's already signed, these will have little effect except to look for ways to rescind the rules. now, at the same time, he's turning to the behemoth of a fight, health care. it failed on its first pass last month. but the plan has skeptics on both sides of the aisle. >> it is a very aggressive timetable, so i don't know. >> this is a terrible plan. it will hurt people in my state. >> and then there's the budget
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battle looming on capitol hill, a showdown that could lead to a shutdown. democrats ready to fight the president's demand for a down payment on a border wall. we've got a great team of correspondents and journalists ready to break this all down. nbc's kelly o'donnell is at the white house. former democratic congressman and professor at the university of michigan harold ford. david nakamura, white house reporter for the "washington post." kelly, let me ask you, because the president is nearing 100 days and he's in the need for a big legislative victory. today he's signing new executive orders but these are intended to have very little impacts. let's look at health care. why renew the toughest fight of all fights if all you need is a win before day 100? >> reporter: i think that's part of the move in terms of day 100, and we can tell you the president just did an interview
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with the proeshassociated press. this was an off-camera interview and some news are coming off the line right now including the president saying he will unroll a corporate tax cut next week, so add that to the 100-day list. frankly, there are differing views on the likelihood of this working from different corners of washington and different interests. what we hear at this point is that the white house would certainly like to see a repeal going forward, in part because they believe it gums up the works to do other things like tax reform and tax cuts the president has just foreshadowed to the associated press. i'm being told by associates who are directly working on this that legislative language is expected to be circulated among house republicans tonight, and that the best-case scenario, according to the white house and certainly the capitol side of things will have a differing view, is that likely next weekend or into the following week if it gets to a vote. what they don't want to see
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happen is that scenario play out a second time where there is a bill, there is an expectation for a vote and it doesn't happen. how is it different now? different sources are saying different things. the trips home may be a factor, some adjustments to the language may be a factor, but i'm also told kind of the weight of having, in the words of one source, screwed it up last time playing out for some republicans in wanting to get this done, describe tg ing it as a bottleno accomplish other things. it's not a clear path, it's not an easy path, and according to my sources, it's not a 100-day path. it's a little beyond that. but the work on keeping the government open and with the president's new comments about tax cuts, there will be a lot of energy happening. and that may be part of the white house 100-day plan to show maybe not things completed but a lot in the works. chris? >> kelly, thanks for that, and kacie, imt to want to go to he
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care in just a minute, but let's listen to this. not only does he plan to unveil a massive tax cut next week but i'm looking at the quote now. he believes the tax cuts will be bigger than any tax cut ever. understanding congress has been home for a couple weeks, will this come as a surprise to them? >> chris, it obviously depends on the context. if this is in the context of tax reform, i think that's potentially what had been expected, and i think you can certainly expect democrats to push back by saying that this tax cut, whatever it may be, they sort of argued that the basic republican framework for reforming the tax code amounts to big tax breaks for corporations and for individuals who are on the higher end of the income scale. so one question i think that we should try to focus on as he kind of unveils this plan is, is there more of a middle class tax cut than maybe we expect? there were some indications early on.
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i would say this was months ago before the transition, that it was possible that president trump, kind inform honof in hone voters who backed him during the campaign, would potentially be willing to cut taxes for people who make less money more aggressively than he did for people who make more as part of a way to try to convince democrats to get on board with this plan. now, i think it would be difficult at this point for him to do something like that, but i think that's something to watch as he moves forward with this. >> kacie, if you can stand by, i want to come back with health care, but i want to get reaction from our panel here. not just tax cuts for individuals and corporations, harold, but the tax cut will be bigger than any tax cut ever. what do you make of that, especially in light of the fact that health care is hardly a done deal and there was so much talk they needed the savings from health care in order to get the kind of tax cuts done, the tax reform that he wanted to do?
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>> this is probably smart politics. if you're able to focus the conversation around tax cuts and you're able to identify for everyday americans what translates in the bottom line, and you're moving on health care. you can tell people, look, we need to get health care taken care of and then we can look at the bottom line. if trump is serious about corralling some blue dog or moderate conservatives to his side, this is probably a smart approach. and if you're trying to convince freedom caucus members to modify as well, they may say, if that's the way to tax cuts, let's do it. >> you can agree with what former congress had to say, but then you have a situation where a big chunk of republicans are in no way going to vote anything if it means it's going to cost money they don't think we have. >> i think harold is right in the sense there is no faster way
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to rally the gop around him than a big tax cut. it's the pillar of domestic policy. if he can do that, good luck to him. but i do believe on the surface there is a white flag on tax reform. you saw there was chatter about big business and high earners, that they could actually do a big deal to lower rates and simplify. so if it's just a big tax cut funded by deficit spending, it's not great long-term policy. it could contribute to long-term growth but it's not a long-term solution for the administration. >> in terms of the politics of it, look, if he was serious about this, he would do this when they got back from break. he would invite mcconnell over, perhaps brady, to say can we do this together. he's doing this for his own purposes, but this is a smart move politically in the scheme
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of things. >> smart move, do you think, david nakamura? >> we are leading into next week which will mark at the end of the week his first 100 days. he hasn't had any major legislative successes and he's done -- >> can he get away with that if he says at least, look what i'm doing. i propose to save you a ton of money on taxes. we're going to do health care, but it's going to be health care that doesn't blow up your plan. you know the way he could frame this. is this frameable even without him actually signing a bill? >> i don't know that you can get away with it. it tends to be week to week we have a different political narrative that's going on. he wants to sort of control that narrative going into this important week. but i think people will be saying, how are you planning to get all this done? you've talked about health care before, it hasn't happened. you made other promise as well along the campaign trail that you haven't gotten done, especially those that involve congress. he may put a lot of it up there, but beyond the 100th day it
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still matters. how you get all of this done is the big question, and there is no direct path we see of having any of this get congressional support. >> let's go to health care, kacie. this is how the white house is framing t. tait. take a listen. >> the plan gets better and better and better, and it's gotten really good and a lot of people are liking it a lot. we have a good chance of getting it soon. i would like to say next week. >> it's better. you've got people at the table negotiating with each other, different provisions, there have been amendments added to the bill since last month, and it is better. and it's good that it's happening. >> so the talking point, kacie, they have down which is that it's better. i don't know what better means. i don't know that anybody has actually seen the final details of the plan, but what are we going to watch unfold as we head to the 100 days in terms of health care? >> we haven't seen legislative, chris, and fine, the plan is
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being made, quote, unquote, better. how many votes does that lose, how many votes does that gain? in the end, the pressure in the white house is how they want to claim legislative victory. 100 days is not equal to 216 days. at the end of the day, that's all that matters here. while we have seen adjustments to central health benefits and its community readings and other things that involve preexisting conditions, it's possible we may see legislative language on that. i think it's clear the people still want to continue to talk about this. but at this point i do not see a scenario where we're at a point where it seems like leadership is ready to put the bill on the floor. the people say, don't make us vote on this bill that's going to go down. until we see more, there is no way to know this can move forward in a way that can be successful. >> and as you know, the white
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house is trying to put health care back on the table. are they being set up for failure? are we going to see pushback like we did before, which is, why did you even do that at this point? >> if you want support for the extender and the death ceiling, you can't go after obama at the same time. the wall, i think, is a little more cylinder. so don't think government pad are going, but obamacare, i think is toxic. >> let's see what mulvaney had to say about this. let's take a listen. >> we have a list of priorities. it won't surprise people what some of them are. we want more money for defense, we want to build a wall, we want more money for immigration law enforcement. if they tell us to draw a line in the sand, i think that's a
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good indicator of where the next four years are going to go. >> can democrats go back to their constituents having not made a fight against the wall? >> i think democrats will have to put up a credible alternative. we have a challenge at the border, we have to deal with it. i think the most telling thing from ms. mull vr. mulvaney's co you can tell he's running politics that are split. assume democrats vote against what he wants, which i hope they can find a compromise. two, republicans have done more to generate support, excitement, and frankly rallying around for obamacare than they would have done in the first six years trying to get things done. it's amazing how we found.
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there are some republicans that love it and some democrats as well who want to see a change. >> it's hard to defend chuck schumer on these bills. he shouldn't need votes from democrats. >> it's basic arithmetic, and they couldn't convince their party on health care, and now they may face a government shutdown because they can't convince their members to vote with them on this very important issue. >> kelly o'donnell, thank you. time now for today's micro pulse shutdown. 97% now say no, 3% say yes. you can still cast your vote. we're keeping our eye on the white house because the president is going to leave any moment to sign those executive orders at treasury. we'll bring it to you live when it happens. after the break, paris on edge.
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we go live to the champs elysees where the vice president is calling it a cowardly act. and 1 and a half behind a curtain. family: surprise! but only one of them will make a life long dream come true. great things are ahead of you when your health is ready for them. at humana, we can help you with a personalized plan for your health for years to come. aleve with direct therapy- tens device- a relief from lower back pain. i put it on my back. i feel this electrical pulse grabbing at my muscles. it was more powerful than i was expecting it to be. it worked. i believe aleve. learn more and read reviews at aleve.com.
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that big manhunt is under way in paris right now for other suspects in the champs-elysees attack. he showed no signs of radicalization despite a long prison record. one police officer was killed, two others critically injured.
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the gunman was killed by return fire and isis was responsible for the attack. i understand the prosecutor there just finished a news conference. what did we learn? >> reporter: a very disturbing portrait of kareem shorfa. he was the 30-year-old man who killed a police officer at the champs-elysees right here in central paris. we know he has a lengthy criminal record. he's been in jail for most of the time, since 2001. he's had four very violent criminal convictions since then. and, in fact, despite that the police knew him very well for all these violent crimes, he was never known for having islamic radicalization. he was never known for eie
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forie espousing islamic rhetoric. last night he shot at police, killing one of them. he lived with his mother and they arrested three of his family members. they found weapons inside of his car last night, and they actually found a note next to his body espousing idolation for isis. now a professor at george washington university, author of "red line," george rubin is a former secretary of state currently a member at george washington university. thanks for joining me. all of this happening as you have a presidential election coming up in france. and president trump responded to the shooting today and he tweeted this. i'm quoting, another terrorist attack in paris. the people of france will not take much more of this. will have a big effect on
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presidential election. peter, from a diplomatic standpoint, what do you make of that tweet? >> i'm not sure he's accurate about that. security already is a major issue in france and in europe given what's happened there in recent weeks and months. whether that pushes the french electorate towards an extremist toward maureen le pen, not necessarily. the favorite right now is emanuel la cron, though he has to survive the first round. the top two obviously go to a runoff next month. >> do you agree with that? i'm wondering, joel, does this, do you think, have a big effect on the election? if for no other reason, obviously terror was not exactly put aside. they've had, unfortunately, a series of terror attacks in france and in paris in particular. but by bringing it so brutally
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to the forefront and in such an iconic location, do you think it has an effect? >> well, chris, thank you for having me. it is very disappointing that the president would be calling out a violent terrorist attack as a motivator for an electorate to vote in potentially a very far right candidate who could lead to the breaking apart of the european union. we have to be very careful at these moments to ensure that we as americans and our elective leaders are demonstrating empat empathy, coming up with solutions for how to defeat terrorism. terrorism is going to be defeated through cooperation, through multi-lateralism, through law enforcement engagements, through strong institutions. we need to make sure we're building up. right now no one can predict where the french will be in a couple days, but certainly our message should not be one of let's tear it down, it should be let's build it up together. >> barack obama talked on the phone to the candidate you
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mentioned who has this pretty razor thin lead in the polls, and he tweeted this picture of that phone call. there were people who were saying this is le pen versus matt crohn, sort of a proxy for plt obaserv former president obama. do you buy that at all? >> notwithstanding what we saw last year with brexit move back to the nationalistic or native-istic politicians. we had one break in the netherlands where they had that choice and resisted it, and every indication here is that macron is well pleased to defeat him in a final runoff. he survives this first round of elections this weekend. i'm not so sure that donald trump is necessarily going to be all that helpful, you know, to
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marine le pen. then again, they do see eye to eye on certain things. they have great sympathy for each other. but i also think europe is very wary of the trump effect, so to speak. >> joel, by putting his tweet out, by talking about it, does the president at least appeal to his base here in the united states? he's sort of reinforcing the whole idea that the world is a dangerous place, that terrorists can strike anywhere, any time, and that his tough talk and tough actions are a good thing. >> well, it certainly appeals to the basin stingt to want to lash out at ng that goes badly in the world rather than providing solutions. the problem here in this case and with this tweet, again, it essentially is a one-off statement. there is no strategy, there is no engagement. how are we going to defeat isis?
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what's our policy in syria, what's our policy in iraq? how will we work with sittthe syrians, how will we work with iraq? nothing explains the criteria of how this president's vision will enhance security. it leaves an opening, and a very vacuous opening for those who want to demagogue and say europe must be the problem, syria must be the problem to engage in these issues that gets the job done. >> the ruling party there threat understa ened a super strike. potentially a missile test over the next couple days. the special sniffer planes are
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out to detect any type of explosion or deployment. how does this play out? what are the u.s. options here? because the president talked tough, too, about the possibility of a preemptive strike if we got signs they were ready to do another nuclear test. >> there is no question that north korea is on a dangerous trajectory. all tests, even those who fail, teach you something and get you closer to an actual capability. fortunately, for all of us, there is still time to deal with this. right now the north korean missiles are primarily a threat to fish in the sea of japan. the information i have is that they really do not necessarily, at this point, directly threaten any piece of american territory, but they're obviously moving in that direction. the options are not very good. i think if there's been an encouraging sign in recent days, at least the united states has begun to start to pull back on its rhetoric, because what you
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have in recent days, yeah, north korea was escalating its actions, and that's a dangerous way to go. we need to find out how mike pence's trip turned out. i think without any great prospect of an exchange of fire. the attorney general and the head of homeland security getting a fresh look at deportation units. and another breakdown in the trump era. that after a quick break. if you have moderate to severe plaque psoriasis, isn't it time to let the real you shine through? introducing otezla, apremilast.
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i'm chris jansing in new york with a look at the top five headlines. at any moment in d.c., trump will head over to the department. that's where he will sign new
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orders. he's amazed that a judge, quote, sitting on an island in the pacific ruled against president trump's ban. >> i wasn't diminishing the judge or the island of hawaii. it's a beautiful place. gimme a break. an american charity worker returned to washington overnight after being free from a three-year detention in egypt. this week she was acquitted of child abuse charges which international aid organizations had long said were completely untrue after negotiations between cairo and president trump. she visited trump in the oval office this morning. in the middle of an ongoing fight in the pace of executions. they put to death convicted murderer adele lee of lethal injection just before midnight. they denied a stay of that execution. they expect to execute two plaintiffs inmates starting on
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monday. former president barack obama will return to the public eye on monday. he's going back to his roots twofold, holding a community organizing event at the university of chicago. president trump just finished an interview with the ap where he said, quote, dreamers must rest easy about his immigration policies. homeland security john kelly are at the border. in an interview with msnbc, he defended the first dreamer to be deported back to mexico. >> he had status up until 2015, i believe, but because of his irresponsible behavior, by the rules set up by president obama, he lost that status. >> there was a tour on the border area set up yesterday in
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el paso. gadi schwartz has had time with ice. what will they be doing today? >> reporter: they'll be going over the border and finding two fences surrounding san diego. meanwhile, elsewhere in the country, apprehensions of immigrants are going up. we went along with ice's enforcement and removal operations team in southern california to see exactly how that works. here's what we saw. on any given day in los angeles, the first immigration arrests happen before the sun comes up. nine teams like this one span, southern california with lists of immigrants with criminal histories targeted for deportation. >> we don't do raids or sweeps. what we're doing, again, and what you're seeing happen this morning is targeted enforcement
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operations. >> reporter: ice agents waiting for this man to walk out the door before moving in. >> just relax. >> reporter: david marin is a field officer director for ice and he's worked under four presidents. >> if you are in this country illegally, you should be deported. >> reporter: ice agents tried knocking on a window. but the woman inside flashed a card like this one saying they won't cooperate without a warrant. the agents step down. she basically showed you a card from an attorney. >> it says don't she won't talk to ice. of course we're going to abide by that. >> rodriguez is a felon with a history of burglaries and drugs. >> translator: no one is perfect. everybody makes mistakes.
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>> reporter: he tells us his wife has cancer and he has five children. he doesn't know what's going to happen. he's the one who takes care of his wife. he doesn't know what's going to happen with his daughters. >> this man has been convicted of selling drugs and he's been deported four times. he says the reason he keeps coming back is because of his daughters, and what are they going to do? judges have ruled in several cases their use was unconstitutional. >> our preference would be to take these individuals into custody in a secure environment into a jail or some other facility. >> reporter: news of any deportation leads to fear. high profile removals like reyes who was deport ed in front of hr kids, or this one who was taken
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back to mexico. what about people with families here? >> that's an unfortunate consequence of the immigration laws. our job isn't to write the immigration laws, it's to enforce them. >> reporter: it's bringing change, giving more leeway to agents on who should be targeted. >> we've sort of shifted in that spectrum of criminality. it now includes everyone who has not only been convicted of a crime but those who have entered here illegally, whether they've been convicted of entering illegally or not. >> reporter: does that mean ice is prepared to go after everybody? >> if we do get that order and that's what we're told to do, we're going to do it. >> reporter: leaving millions of undocumented families living under an american contradiction. we are a nation of laws and we are a nation of immigrants. since president trump took office, around 16,000 immigrants
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with criminal histories have been arrested, and so have 5,000 immigrants without criminal histories. those numbers are up from the last two years, but they are also not as high as they were in 2014 under president obama. chris, back to you. >> gadi schwartz in san diego, thank you for that report. and as we've been saying, wow, countdown on. 100 days for donald trump. he claims he accomplished more in the first 92 days than any other administration. but does that claim square up with the facts? this is humira helping to relieve my pain... ...and protect my joints from further damage. humira has been clinically studied for over 18 years. humira works by targeting and helping to... ...block a specific source... ...of inflammation that contributes to ra symptoms. it's proven to help relieve pain and... ...stop further joint damage in many adults. humira can lower your ability to fight infections, including tuberculosis.
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what follows is my 100-day action plan to make america great again. we're going to suspend immigration from terror-prone regions, middle class tax relief and simplifications. we want $1 trillion in infrastructure development over the next ten years. repeal and replace obamacare. remember, i said mexico is paying for the wall. also, we're going to protect our vital infrastructure from the new thing. it's called cyber attack. >> so those were just some of the big agenda items that then-candidate donald trump planned to get done his first 100 days. we're eight days out from that and he has signed 28 bills into law with at least 24 executive orders with one more expected
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and two memoranda. but health care, that hasn't been repealed and replaced. his travel ban has been blocked by the courts. tax reform and infrastructure plans have yet to reach congress. no one seems to be in charge of the cyber security plan. so what has the president actually done? joining me to talk about it, msnbc political analyst for tyler democratic strategist, jamal simms. good to see you both. i want to start with a look -- he has signed a lot of bills, more in recent history of anybody than fdr and truman. but then you go behind the facts which that number would support what he says, that he's gotten more accomplished. but the majority he meant to sign was to roll back legislation. he's named a couple va hospitals. in reality, how is he doing? >> legislatively, not very well. there are 28 bills but they have
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to be some significant achievements. to be fair, he's not fully responsible for that. congress has to pass a bill that lands on his desk. but he is held to 100 days which he's now lamenting, but that's what he promised in the campaign. he said he would repeal and replace obamacare in the first 100 days. >> he's not lamenting, he basically said it was a media creation, and we just played that sound from him in the gettysburg speech where he says this is my 100-day action plan. he said it. >> the 100 days was actually started by fdr. he used it as a political ploy and he fulfilled it. he would actually send bills up to the congress. they would pass it the same afternoon and they would be on his desk by evening. but it was a remarkable time, we had huge majorities and the country was in crisis. donald trump doesn't have that, so legislatively, i would say he got some pretty poor marks.
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executive orders are telling departments what to do. here, department, this is what we want you to do. he puts it in the form of an executive order. remember he promised to stop immigrants coming from what he considers dangerous countries. i think that's justifiable. >> let me go to some accomplishments, because i think it fair to say he's gotten some things done. he secured the release of the usa worker out of egypt. that just happened. he did get neil gorsuch confirmed to the supreme court. he promised he would get a more conservative supreme court. withdrew from the trans-pacific partnership, revived keath stone xl pipeline. and he bombed syria after we saw many women and children getting gassed by assad. so many supporters would say he got a lot done. what do you say, jamal? >> the problem of what the president is up to is there is
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no strategy, there is no system in place, they're incompetent when it comes to getting people into the government, whether it's the department of defense or the state department. we don't even have nominees for many of the assistant secretaries, deputy jobs in place. there are broken promises from the people who supported him when it comes to health care and building the wall. and he hasn't done anything to reach out to a majority of americans who didn't vote for him. remember, this was a minority president who was elected by 46% of the people. he hasn't done anything to reach out to those folks who didn't vote for him and try to bring him into the coalition. the last thing is, we have an unfolding scandal with what's going on on with russia. i think this has been a horrible 100 days. >> i just want to make rick's point, which is that congress hasn't exactly done its job, either, and our democrats are starting to look exactly like the kind of congress that they complained about during the
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obama era, which was their main goal was not to get things done for the american people but to block the president from getting any accomplishments. >> here's the thing. when the democrats ran the state, the house and the congress, they got big things done for their country. they haven't been able to get anything major accomplished for the country. it's been incompetent, it's been broken promises and we've got scandal when it comes to russia and whether or not the trump campaign cooperated with the russians. this is anything but a good 100 days. >> we appreciate your comments, guys. have a great weekend. take a look at this picture just in to msnbc. this is staff that came to greet the president. any minute now he's going to decide, one, an executive order, and two, memoranda. similar things. we've sign lot of eos since trump took office, but are they
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just for show or are they triggering change? let's check the microsoft pulse question. should congress fund a border wall to avoid a government shutdown? 98% of you say no, 2% yes. still time to vote. we'll be right back would you like to overcome sluggishness? trubiotics can help you feel lighter, more energetic, by naturally supporting your digestive and immune health. trubiotics, a daily probiotic that helps restore the balance of good bacteria. trubiotics, from one a day. you had a long, stressful day, and now you need a little help falling asleep.
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an we are back live with a look inside the treasury department where president trump will like-an executive order that allows treasury officials to roll back tax rules imposed by president obama. cnbc economics reporter and a senior fellow on policy and budget priorities is with us. steve, what do we know about the three things that he's going to sign, how significant are they? >> potentially significant. i liked the way you said, aimed at. he did want the dodd-frank regulatory reform go. when you read the executive order, it was a little easier than this.
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>> the president is being introduced. jared, how significant do you think these orders are? >> it takes a long time for these orders to even become effective as executive orders because there's a comment period, so nothing's going to change in the near term. >> who knows how long this introduction is going to go on. steve, i don't know if you saw this ap interview that the president just gave. he's going to unveil a tax plan that includes massive tax cuts which a middle class american might think sounds good but what do we know about it if anything? >> it feels a little bit like he's letting the little calendar, the 100-day calendar take tate what they're going to do, we have been hear the august or even later tax bill, and now they're rolling it out. it appears to be the administration is hungry for some form of accomplishment or
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major accomplishment of the president's campaign promises before we hit that 100-day mark. >> our tendency is to hear that kind of statement and think that something is going to happen quickly, think that's more bravado, calendar driven that is an organized piece of work with coalition building behind it. >> economic growth from the proposed tax cuts would be so extreme, close to $2 trillion over 10 years that it would pay for itself. >> i think i hear some skepticism in your voice and i want to amplify it. that is what i call dynamic scoring abuse. that's that you score your tax plan to make it look like it has all kinds of growth. there are it doesn't look like it's going to raise the budget and the debt so much.
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i don't think they're going to come up with anything close to those effects because the fact of the matter is tax cuts don't have that kind of magnitude. we have never seen that to be the case. >> the conventional wisdom among economists is that tax cuts will generate some growth but they don't pay for themselves. there is a very long history of that, and there is win tax cut, capital gains that might have paid for itself. when you reduce revenue, you tend to increase deficits along the way. >> this is not unique to the donald trump administration, it's not the first time when there's been a tax cut when that was essentially the argument that was made. >> liberals argue from the one side that government spending also generate revenue and growth, so both sides play that game a little bit, the republicans perhaps a little bit
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more extreme and perhaps the trump administration is ready to do adjustments on steroids here. there is something different now, which is the republican congress has instructed the committee on budget taxation to do this kind of scoring on parts of the tax bill. and that used to not be the case. you can find growth effects in these tax cuts but they tend to be deminimus, and when you put them in the wrong hands, you get this dynamic scoring policy. >> the president has been introduced, again, he's over at treasury today, an executive order and two memoranda being signed today, here's the president. >> thank you very much, steve, great honor, i must say. it's a great pleasure to be at the united states treasury
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department and meet so many dead indicated public servants. i went through that hallway with all the distinguished past secretaries. i want to learn about every one, but i hope we have one that goes down with one of the greats, hamilton is tough to beat, but we'll take it. thank you very much, the treasury department is the guardian of america's wealth. and a worldwide symbol of american prestige. this department was led by alexander hamilton, a man who understood that the government must protect the jobs of its citizens and the wealth of our nation. secretary mnuchin, who i known for so long, and he's so good and so smart. and so financially adept is
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working very hard every day to do just that, to protect the worki working people of america, and to protect our welalth from anybody, any country that -- put into service on behalf of the american people. and you'll see what i mean very soon. we have taken unprecedented action to bring back our jobs and to restore power to our people. we have rolled back many regulations from the power seccor -- that's going to happening over the next four to five weeks and we have undertaken a historic effort to protect our manufacturers and our workers from unfair foreign
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trade. protecting our treasury means getting other countries to finally pay their fair share for the global cost of defense and many other projects that for too long have fallen under our guidance and unfortunately fallen under the united states taxpayer expense, and we're going to end that, we're going to end it quickly, we want fairness, we don't want to take advantage of anyone, we want fairness. we're now in the process of rebuilding america, and there's a new optimism sweeping across our country like people have not seen many, many decades. we're here today to continue this great economic revival. i will be signing three presidential directives to further protect our workers and our taxpayers. the first executive action instructs secretary mnuchin to begin the process of tax simplification. such a big thing.
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people can't do their returns, they have no idea what they're doing, they're too complicated. this regulatory reduction is the first step towards a tax reform that reduces rates, provides relief our our middle class and lowers the business tax which is one of the highest in the world and stops us from so much wealth and product at this time. secretary mnuchin is a leader in our effort to make america competitive again, we're going to make it great again, we're going to make it strong again, we're going to make it safe again, we're going to make it competitive again. i'm also issuing two directives that direct secretary mnuchin to study the wall street regulations that -- they've done really, in many cases the opposite of what they were supposed to. these regulations enshrine too big to fail and encourage risky
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behavior. we're taking steps to make our economy more fair and prosperous for all. secretary mnuchin and -- earn a greet paycheck, have a job that they love going to every single day, and have real confidence in the future. together we will restore prosperity to this nation, a nation that we so dearly love, and to bring people who

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