{"id":222959,"date":"2017-02-23T15:05:00","date_gmt":"2017-02-23T20:05:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=222959"},"modified":"2017-02-24T16:43:01","modified_gmt":"2017-02-24T21:43:01","slug":"mnuchin-clarifies-pass-the-tax-cut-by-august","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2017\/02\/23\/mnuchin-clarifies-pass-the-tax-cut-by-august\/","title":{"rendered":"Mnuchin Clarifies: Pass the Tax Cut by August"},"content":{"rendered":"

RUSH: We\u2019ve got some clarification from Mnuchin. Yes, it was quick. Mnuchin says that he hopes to have the tax plan passed by August, not formulated. (interrupting) What do you mean? Are you being sarcastic in there? All right. Okay. (interruption) Well, that\u2019s when Reagan got his signed was in August. That\u2019s a big difference than having the plan ready to go by August and having it signed into law by August. Those are very different things, so that\u2019s good. Scott Baio, if you\u2019re still out there<\/a>, I have an idea that something\u2019s up.<\/p>\n

You know, Trump\u2019s addressing a joint session of Congress on Tuesday. It is the quasi-State of the Union show, even though Trump, it\u2019s his first term, not a State of the Union. It\u2019s that time slot, it is that scheduled speech within Trump\u2019s addressing next Tuesday at joints session. And I wouldn\u2019t be surprised if that is where Trump, when addressing the nation, starts telling Congress what he wants and what he\u2019s expecting and, therefore, what the American people voted for.<\/p>\n

Whether Trump calls out people by name in that circumstance, I don\u2019t know. But I doubt that Trump will let that opportunity go by without using it to light a fire under those on Capitol Hill. Because, as we just pointed out, they\u2019re not naive and blind up there. If they sense that there is an active effort or agenda to stop the Trump agenda from being implemented, they know it. In the White House, they would have full knowledge of this. They would know more about it than we would.<\/p>\n

They would know where it comes from; they would know what\u2019s behind it; they would know why. For example, are they up against donors to these members of Congress, ideological or what have you. The one thing that stands in the way of tax cuts… Now, folks, you may laugh about this. I\u2019m not trying to be funny, but you take a look this nation\u2019s budgets the last eight years, and they grew and they grew and they grew and the sad fact is the Republican Party gave Obama what he wanted.<\/p>\n

And in some instances, in some years, the Republicans gave Obama more than he asked for in the budget. People that live and work in Washington love government and they love government spending because that\u2019s power. That\u2019s purchasing things like votes and loyalties and what have you. They love it! In fact, many who are elected will tell you that their first job is to get reelected, the next job\u2019s spend money. A senator… I had a senator tell me, “You know what the great thrill of this job is, Rush? I have one 100th of the share of the federal budget to play with.”<\/p>\n

\"\"That\u2019s how he looked at it. So these guys love spending. The Republican side, too. We haven\u2019t seen any budget restraint from the Republicans, frustratingly so. Isn\u2019t that true? So you start talking tax cuts. Well, what does Washington think? “Well, if you\u2019re gonna cut taxes, you gotta have some spending cuts. You can\u2019t…” This is where we differ. They have this notion that Washington budgetary operations are a zero-sum game, that if you cut taxes by a dollar, that you somehow have to reduce spending by a dollar.<\/p>\n

And if you increase spending by a dollar, you gotta raise taxes by a dollar. They look at this as a zero-sum game, and it\u2019s a crock. Everybody knows that targeted tax cuts are going to expand revenue coming into Washington by creating more taxpayers, by creating more jobs, and by creating more government growth — and it\u2019s been proven countless times. Our tax rates have crept back up to where there\u2019s room to have marginal rate cuts.<\/p>\n

We\u2019re back up to 39% on the top end. Now, I\u2019ve talked to the chairman of the Ways and Means Committee, Kevin Brady, and he\u2019s got a plan, and his plan calls for a top marginal rate of 33%, and that probably is pretty much the Republican plan: 33% marginal, three rates. (sigh) Well, now that I say that, I don\u2019t want to attach that totally to Kevin Brady. But I have talked with him about it, and I know that there\u2019s room to cut taxes that will cause economic growth.<\/p>\n

And at some point… You know, you get tax rates down to 20% and you cut \u2019em further, you can\u2019t automatically conclude it\u2019s gonna create growth. It could, but you reach a point of equilibrium. But we after the Reagan tax cuts which took the top marginal rate to 28% in 1986. We\u2019ve crept back up to 39%, but the deductions have not been re-implemented. So there\u2019s plenty of room for rate cuts, marginal rates cuts. And the idea that the government can\u2019t do with less? See, we\u2019re thinking we\u2019ve elected people who don\u2019t think that.<\/p>\n

“We\u2019ve elected Republicans. We\u2019ve elected conservatives. They realize government\u2019s too big. They want to join us in reducing the size of government for all kinds of reasons!” But that, apparently, isn\u2019t the case. Trump knows this. Look, Trump knows he\u2019s going to have to make the trains run on time. Trump knows he\u2019s going to have to implement his agenda. And the going on this is gonna be rough at first.<\/p>\n

But if he succeeds and his agenda ends up impacting the nation overwhelmingly positively, then converts will come along, \u2019cause everybody\u2019s gonna want to be in the glow of success. But he\u2019s gotta get past — and this illustration of Obama repeal laws: Six of them were actually sent up to Obama with full knowledge that he would veto them, and there haven\u2019t been any sent up to Trump yet.<\/p>\n

Brief time-out. Much more straight ahead here on the EIB Network after this.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: That's a big difference than having the plan ready to go by August and having it signed into law by August. Those are very different things, so that's good. <\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[12,1],"tags":[],"yoast_head":"\nMnuchin Clarifies: Pass the Tax Cut by August - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/02\/23\/mnuchin-clarifies-pass-the-tax-cut-by-august\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Mnuchin Clarifies: Pass the Tax Cut by August - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: That's a big difference than having the plan ready to go by August and having it signed into law by August. 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