Bernstein: Why Trump's lying is different

Carl Bernstein tells CNN's Jamie Gangel about why he thinks President Trump's penchant for telling falsehoods is different from lies told by past presidents.

Posted: Oct 23, 2018 9:31 AM
Updated: Oct 23, 2018 9:50 AM

President Donald Trump repeated Monday that he plans to offer a new tax cut plan before the midterms, even though no one seems to know what it will look like or how it might get through a Congress that only barely managed to pass his signature plan last year.

"We're putting in a resolution sometime in the next week-and-a-half or two weeks," Trump told reporters on his way to a campaign rally in Houston for Texas Republican Sen. Ted Cruz, his latest stop in a nationwide barnstorming tour to keep both chambers of Congress in Republican control.

The GOP has tried to make tax cuts and the booming economy a key selling point to voters. The President said the new plan would focus on middle-class Americans, as opposed to businesses, which were one of the main beneficiaries of his first tax cut.

"This is not for business. This is for middle. That's on top of the tax decrease that we've already given," he added.

Yet he acknowledged there would not be time for Congress to vote through new tax cuts before the November 6 vote.

"I'm going through Congress. We won't have time to do the vote. We'll do the vote later. We'll do the vote after the election," he said.

That's after he told reporters on Saturday that Republicans would unveil a new package "sometime just prior, I would say, to November."

The president, who didn't offer any specific details on his proposal over the weekend, left many in Washington befuddled over the surprise remark.

"Trump may be getting ahead of himself on this one," said Kyle Pomerleau, an economist at the Tax Foundation, a non-profit think tank in Washington.

Representatives from the Treasury Department and the White House Council of Economic Advisers did not respond to repeated requests for comment by CNN. A spokesperson for Rep. Kevin Brady, chair of the House Ways and Means Committee -- the lead taxwriting body in Congress -- also didn't respond.

A spokeswoman for House Speaker Paul Ryan referred questions to the White House.

A senior GOP congressional source told CNN that "there's no serious plan at the moment" with Congress out of session, but added maybe there is a "little discussion."

Lindsay Walters, a White House spokeswoman, said the President would like to see yet another tax cut for the middle class as part of the Trump administration's so-called "tax reform 2.0" plan. The first piece of the second wave of tax change was passed in September by the House, which included making individual tax cuts currently set to expire in 2025 permanent. The Senate has yet to take up the legislative proposal.

"As part of Tax Reform 2.0, the first elements of which were passed the House in September, the President would like to see an additional tax cut of 10% for middle-income families," Walters said in a statement.

The President's sudden mention of a tax plan echoed Trump's push in April 2017 to generate a tax cut proposal ahead of his 100th day in office, resulting in the release of a much-criticized one-page outline -- though that summary was later written into the tax bill passed in December.

Treasury Secretary Steven Mnuchin said in an interview with The New York Times on Sunday that he had been actively working on a plan with Brady, that would be unveiled "shortly."

"This is specifically focused on the middle class and not beyond that," Mnuchin said in the interview.

He did not offer any further details of what such a tax plan would entail or how it would be paid for.

Mnuchin noted that any plan in the works would be "different" than a bill that passed the House in September to make individual tax cuts permanent.

A big unknown is how the Trump administration plans to pay for yet another tax cut. Last year's $1.5 trillion tax cut is anticipated to add $1 trillion to the nation's deficit. The administration insists that the tax cuts will pay for themselves.

Last week, the Treasury Department released figures showing the federal budget deficit grew by 17% in the 2018 fiscal year, to $779 billion.

Jason Furman, an economist and professor at Harvard University's Kennedy School of Government, offered a ballpark estimate following the President's remarks, suggested a 10% income tax cut might cost nearly $2 trillion over the next decade.

The former top economic adviser under President Barack Obama noted, however, the exact details will depend on the details.

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 445047

Reported Deaths: 5955
CountyCasesDeaths
Hennepin924911470
Ramsey39703735
Dakota32788331
Anoka30811360
Washington20004225
Stearns17775185
St. Louis13546240
Scott1189996
Wright11548102
Olmsted1035775
Sherburne815765
Carver691436
Clay648478
Rice600166
Kandiyohi552871
Blue Earth538033
Crow Wing479673
Otter Tail453464
Chisago449732
Benton416785
Winona386246
Douglas372466
Nobles366746
Mower362328
Goodhue343657
Polk327756
McLeod323144
Morrison310043
Beltrami308746
Lyon299835
Itasca282643
Becker281738
Isanti281141
Carlton278143
Steele27119
Pine265113
Freeborn241320
Todd230929
Nicollet223336
Brown213734
Mille Lacs212845
Le Sueur208515
Cass206123
Meeker198533
Waseca188816
Martin169126
Wabasha16883
Roseau165316
Hubbard148338
Redwood139227
Renville136539
Houston135313
Dodge13304
Chippewa130832
Cottonwood126518
Fillmore12215
Wadena119416
Rock109512
Sibley10797
Aitkin107133
Watonwan10618
Faribault104615
Pennington97715
Kanabec97218
Pipestone93823
Yellow Medicine93314
Murray8655
Jackson85010
Swift83018
Pope7355
Marshall70115
Stevens6978
Clearwater68514
Lac qui Parle65616
Lake62915
Wilkin6229
Koochiching59010
Lincoln4821
Big Stone4543
Unassigned43468
Grant4257
Norman4228
Mahnomen4087
Kittson37019
Red Lake3164
Traverse2473
Lake of the Woods1801
Cook1130

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 303065

Reported Deaths: 4267
CountyCasesDeaths
Polk45335447
Linn17673274
Scott15356163
Black Hawk13648236
Woodbury12945175
Johnson1202149
Dubuque11300149
Pottawattamie8934112
Dallas881171
Story863434
Webster467471
Cerro Gordo462968
Sioux453356
Clinton448361
Warren437538
Marshall425561
Buena Vista391529
Muscatine386177
Des Moines380641
Plymouth348868
Wapello340898
Jasper319658
Lee313530
Marion301752
Jones269649
Henry263230
Carroll253034
Bremer242048
Crawford228122
Boone216217
Washington214231
Benton208544
Jackson190831
Mahaska190736
Tama185657
Dickinson184226
Delaware172236
Kossuth170543
Clay166019
Wright162724
Fayette159522
Buchanan158023
Hamilton157829
Winneshiek154819
Harrison154462
Hardin153929
Cedar151419
Clayton150748
Butler146424
Page143715
Cherokee138127
Floyd137936
Mills136016
Lyon133632
Poweshiek132324
Hancock128824
Allamakee126827
Iowa122822
Calhoun12209
Grundy120026
Jefferson119524
Madison11869
Winnebago118229
Mitchell115634
Louisa114130
Cass112541
Chickasaw110512
Emmet110231
Sac110215
Appanoose109638
Union108122
Humboldt104219
Guthrie102224
Shelby101326
Franklin101218
Unassigned9210
Palo Alto9019
Keokuk84325
Montgomery84022
Howard82519
Monroe80518
Clarke7817
Pocahontas77211
Ida73830
Greene6887
Davis68721
Adair68620
Lucas6468
Osceola6349
Monona63316
Worth5983
Taylor5919
Fremont5036
Van Buren49412
Decatur4784
Ringgold4269
Wayne41421
Audubon4108
Adams2953
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