PG128: Senate Tax Bill, Flynn Makes a Deal, Who's Running the CFPB?

The Politics Guys

Michael Baranowski

Politics, News

4.5 • 772 Ratings

🗓️ 3 December 2017

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, Mike and Jay start off with a look at the Senate tax bill, which passed by a vote of 51-49, with 'no' votes from every Democrat and one Republican (Tennessee's Bob Corker). Jay is a lot more optimistic about the economic growth potential of the cuts than Mike is, though they both agree that corporate tax reform is necessary. They also agree that there will be a House-Senate compromise leading to a bill for President Trump to sign. In the end, Mike fears that the resulting law will significantly increase the national debt as well as make a bad economic inequality situation even worse, though for the sake of the country he hopes he's wrong and Jay is right. Then it's a big announcement about the future of The Politics Guys. Mike and Jay talk about why they're going ad free and how they plan to expand the show. After that, the Guys discuss the plea deal entered into by former Trump National Security Advisor Michael Flynn. Jay doesn't think there's much there, but cautions that we'll have to wait and see what potentially damaging information Flynn may have on other Trump administration officials. Mike views this as another in a long line of instances where the cover-up may be worse than the crime. He doesn't see this as ending Donald Trump's presidency and expresses concern about the 'normalization' of presidential impeachment. The show closes with a discussion of who the rightful head of the Consumer Financial Protection Bureau is. Mike was really hoping that the law supported the claim of CFPB Deputy Director Leandra English, but after reviewing the evidence he agrees with Jay that President Trump had the right to make CFPB foe Mick Mulvaney the acting head of the bureau. We hope you'll check out today's sponsor: Brooklinen. Politics Guys listeners get $20 off and free shipping by going to http://www.brooklinen.com and using promo code TGP. Listener support helps make The Politics Guys possible. If you’re interested in supporting the show, go to http://www.politicsguys.com and click on the Patreon link.Support this podcast at — https://redcircle.com/the-politics-guys/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Give the gift of a world of knowledge this holiday season with The Economist. Get access to
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0:25.7	to take advantage of this gifting offer ending soon.
0:29.2	Ending soon. Welcome to the politics, guys. I'm Michael Baranowski, a political scientist at Northern Kentucky University.
0:54.5	Right, I'm joined today by my regular co-host, Jay Carson.
0:58.1	Hi, Jay, how are you doing today?
0:59.6	Good, Mike.
1:00.3	How are you?
1:00.8	It's morning in America, Mike.
1:02.8	Well, you know, I'm doing great.
1:04.7	This is our delayed version of the show because there was so much to take in.
1:11.6	I mean, the big thing, obviously, is that it looks like Republicans are going to get their massive tax cut now that the Senate has joined a House in passing tax cut legislation.
1:21.6	And, of course, there's still a House Senate conference to get through.
1:25.6	But at this point, it seems very, very
1:28.3	likely that for better or worse, Republicans are going to have their first major legislative win
1:33.8	of the Trump presidency. And, you know, I thought, Jay, that what we could do was sort of go through
1:39.3	sort of the deals that were made and kind of the last minute fin ang angling at least the high points, so to speak, of it.
1:46.1	And then we can kind of get into our deeper thoughts, our analysis of,
1:50.2	is this good or bad and that sort of thing, if that works for you?
	...

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