Also in this playlist...
This transcript is automatically generated
-- what it looks like when people do their taxes and if you're like millions of procrastinate -- Americans today is today.
That you are zipping through Turbotax.
Filling -- your tax forms rushing to the post office and generally being crappy apple.
And this is power play and and Chris firewall and happy about that and -- access by the way Internet.
And that the way you fill -- your taxes this year.
For a lot of people will have a consequence about your health care and your health insurance.
Next year and possibly years to come well it's true because today is sort of and if it's new entitlement program for subsidized health insurance.
You discussed that we will talk about that in general taxing us.
We will do that we will talk about the roll out.
We saw on Sunday on practice and in other places the roll out.
On a big bill to change America's immigration laws and the white -- talk about political prospects for that AM hadn't.
Because I know you want to.
Maybe you don't know that you want to get that you will we're going to talk about the president's nominee.
To lead the Department of -- -- -- as Republicans are -- for -- in an effort to try to.
His nomination we will do all of that we will have our -- -- commiserate it will be great.
I know what will be great and it was great because we have contact we have with us today of course Matthew he is the.
Editor of the Washington forgave him and energy and the editor in chief editor achieved in -- so you know so that the so the managing editor doesn't get too spunky you -- that he knows where he's actually.
Big chief but Matthew knows what's what so we appreciate you making time for us but the person who knows what's what this -- Russia.
He is and I don't have my sheet in front of me right now but I think I could do it from memory.
You are did the principle of solidarity strategies.
You are former advisor to John Edwards presidential campaign.
And do something -- what's another good point of fact.
Latino activist Latino activist OK -- like unions he likes Latinos he's a Democrat who thinks that you -- TriBeCa trifecta this counts.
OK so guys here's the question I heard about this much power -- -- which the Internet can have just for following me -- six Twitter.
Challenge and implementing the president's health law is that it functions at the intersection between.
What do you make.
And the coverage you have and the vehicle as Justice Roberts pointed out -- that it supreme court's decision.
For implementing this comes a lot through the IRS.
So for millions of people chuck who did their taxes let's say an HR block -- another tax -- As they were doing -- -- even if they're doing and Turbotax.
Somebody said now by the way you know that if you're up to 400%.
Of the federal -- -- -- that 89000 dollars for -- for their house.
Then you're gonna fall into this bandwidth where the regulation.
-- the new -- they either the new entitlement program or penalty for not joining could fall into place.
Does this have an effect on the way people think about the law.
I think keep it could have an effect I think that it's a good thing that people who have been warning health care will have access to give health care.
But I think that if you think about anything you think about taxes and having to pay out money.
And then you think about a system that people probably haven't seen the full benefit us because it hasn't been fully implemented there's a lot of questions and -- you.
Couple that -- tax day of people giving the government their hard earned money in hoping that they get their services -- do rendered.
It's never a positive positive who's gonna take a lot of education I think -- get to that point.
I believe that that is so now I wrote today Matthew's death.
The cost to Americans.
But filling out and doing their taxes and then again -- -- in my paperwork today.
I'm I'm an undocumented coast.
The cost is -- 160 billion dollars a year is what Americans pay to be -- compliance.
On their taxes.
Now that is impart some Malarkey as Joseph Biden -- -- because it includes estimates of -- hours that are devoted 228 dollars now.
My Tomlinson and watching the masters is not necessarily work twenty hours but it's a lot of spent a lot of money there's a lot of aggravation and -- that help a woman is more complicated.
Yes -- it is down and there's so much coming down the pike you mean -- your your excellent explanation.
Had me running to my account because it's so confusing.
You do that you have a few X factors at work here.
One is that you went through that.
How they're gonna calculate the subsidies.
SAB -- determined you are going to have a subsidy to purchase insurance on your state exchange.
Problem number one.
A lot of the state exchanges -- set up don't exist and in fact.
The federal government which has to step in according to the law to set them up is behind schedule so people conceivably.
Could be getting subsidies for exchanges that don't exist starting next year.
Right probably about 25.
Billion dollars I think -- -- the first round the -- this problem under two is once you get your subsidy.
You -- have to declare that subsidy in your next year's taxes.
And I think this is another issue with compliance and complication.
It because some people vote might get the subsidy in January of martian and they filed following march to remember it.
Things like this the third one is just adding to that level of complexity all the new taxes that are coming to play.
Not for the people who -- going to be purchasing insurance on the exchange but for the people really -- For the insurance of their purchasing.
Which -- the hiring comes -- -- on top of the rate increase an already took place on January 1 there also gonna be paying to new taxes.
An increase in their Medicare payroll tax we -- pay that nine tenths of -- percent.
It adds up right and then -- surcharge on investment income.
So you know point three point eight but when -- Ronnie Ronnie finally released his tax returns and is about the size of -- book -- Those tax returns -- didn't get even more complicated.
Just as we begin this process which I think will take years of trying to figure out how this -- works.
All right capture one of the things that is much discussed in Washington is that in order to get a full year budget deal.
To get the requisite increase in the debt limit that in any.
To get to the next election.
And they've got to spend another three point 63 point seven trillion dollars.
To get up a plan for that everybody keeps -- -- -- tax reform.
We need tax reform.
Now that is defined differently by different people.
To the president tax reform means closing loopholes on millionaires and billionaires.
And companies and take that money and spend -- on projects.
For Republicans it means keeping everybody's effective tax rate the -- But simplifying the package is there a real possibility for tax reform of some definition.
This year you know I do think that that's one of the issues that both the Democrats and Republicans can come to some agreement if they were sensible.
I think there's a piece of both in middle America where people understand that.
Corporations and rich people should pay their fair share but you shouldn't overburden everyday working Americans as well and keep in there as you said their total tax rates.
-- -- leased at an even keel yeah so I think that there's waste on both sides and I think that coming in this is SM.
Hold thinking that what he's come to a comprehensive plan that fairly affected everybody.
And there was no middle ground there but there truly is it I mean without taken away a person who all they have is their home.
And the only real -- -- the people like -- have is owning something owning a house where you can.
Claim your interest that's the only thing I've ever known about corporate loopholes or.
People loopholes but how that's what real people see -- when you start talking about.
-- talk about health care talking about other things there is a middle ground there to where we could come and change our tax code that was fair for everyone to keep industry and business -- but also keep middle American workers being able to.
Make it live right now that you -- All of those that we have award at a rotten one of the tax code and and as -- -- everybody agrees on.
That's -- the individually agree that our tax code.
And but there's a reason -- thinks the reason it's thinks that special interest groups have fought for and now will defend until the death.
Each loophole each carve out -- there's -- side it's there one.
So for example.
Even on the idea of simplifying taxes.
There will be a lot of the counselors country and there -- to be a lot of people who are making money off that 136 billion dollars that's being spent every year on tax.
They would not that it would not help their business to see taxes in the United States go to a -- -- kind of like I made this I've paid that here's what I get back that right.
Sure and if you ask me what are the chances this comprehensive reform vs all the other half -- comprehensive reforms Washington's dealing with right now I'd say the chances of tax reform.
Are fairly lo -- with one caveat which is that you know a few weeks ago Dave Camp the head of the house -- Ways and Means Committee which -- stands all right.
And Max Baucus the -- at his senate counterpart.
Who wrote a on op Ed in Politico is saying basically now's the time.
-- for tax reform and we're agreed and I know people spoken camp and he is convinced that there's some type of tax reform he wants to do -- I think he wants to stake his claim him.
Kind of get.
Pushed Paul -- slightly out of that the spotlight say -- -- a big deal committed to so I think he's interested in the problem though is that two parties are so.
-- as you pointed out Chris.
So clearly different on -- what tax reform even means I find it hard to mention -- come to an agreement and of course so that means all the accountants and tax.
Repairs can rest easy.
Matthew thank you for that slim solace we thank you for your time and we thank -- with us -- We're gonna do this battle -- so today we're going to bring -- next another another human of the right.
To come and the stuff we're gonna talk about immigration will you stay in the dunking Booth it would vehemently it would be his slider added I think -- -- -- my -- okay.
We're gonna do that when we come back -- stick -- That's the honesty is the forgiveness of something amnesty is anything that says.
Do it illegally will be cheaper and easier here's -- people need to understand under the existing law today if you are legally in the United States you are not prohibited from getting a green card and ultimately getting citizenship.
The only thing is you have to go back to your home country you have to wait ten years and then you can apply for and all we're saying is we're gonna create an alternative to that.
That was Marco Rubio on FOX News Sunday with Chris Wallace saying this is no amnesty.
And he was there talking to conservatives.
Who say you're gonna give away the farm you're gonna know border security is going to be an amnesty -- the problem is just going to stay as it relates to illegal immigrants.
And this is power -- now rubio.
Is out of a bit of the land and he hung out there a whole day on Sunday talking to all of the Sunday shows including Chris Wallace.
And his argument was look conservatives.
If you don't like.
Our exact plan please propose something different because the status quo won't work and he was a little fish I think.
With people like Jeff Sessions and other Republican colleagues and business and it who are crying foul on this plane as it rolls out so will it.
That's what's in it what's going to be in it.
About people who should we talk to people you know I think -- Your approach is still with us and now I have my -- in front of me I can say that he's of the Latino project pack he's not just the Latino activists he would as a that's good.
And Jennifer core.
I don't know that she has -- but she knows she is the executive director of the Hispanic leadership network.
This is part of a generational effort by conservatives to recruit Hispanics into their -- is this fair.
Yes this is there hit it is actually -- a national organization that he's Hispanic community on Centre right if she's okay both Hispanic.
One democratic one Republican this is how we like OK good -- Question for you guys.
Then let's start with the basics.
Rubio is been working very hard to preempt the criticism from the right Jennifer.
She he knows it's coming it's already begun he took his first round -- that he was joining the gang of eight Q&A and he took all of the -- most of the night and going around to do Rush Limbaugh's and everybody to go do that now he's back -- he says look.
This is not.
Exactly what anybody wants but it's as close as we can come will that stick.
I think it will anything we've learned the lessons of 2007.
And having senator -- at the table to have conservative solutions for immigration reform is -- -- -- that -- gonna comment I think the environment is completely different.
Than it's ever been where we're gonna have -- bipartisan solution.
And we have more Republicans than I've ever seen coming on board and supporting immigration forms I think the today.
Well let's -- some kind of a low threshold I think more than ever before but yeah -- -- there with the the Republicans do seem convinced -- that if they don't do something now.
This will be sort of a generational toxin that if they can't find a way to talk to Hispanic voters about something other than immigration.
Is right now it seems like it's -- is that every time they're trying to reach out to visit -- -- -- off the table then there's no are going to be there.
Campaigns for twenty years -- Mexican up from Texas I've been to a national politics they have they cannot survive at 30% number.
They just can't message that that's the motivation I think of some of the Republicans have every -- and are trying to do this for the right reasons and in -- portion.
There's -- -- Democrats let's not -- our guys from the south who -- are doing this for certain reasons as well the Latinos are going in every congressional district in every senate race at Marco Rubio wants to run for president he has to carry Florida he has to carry Colorado or Nevada or one of those three states -- -- can very long term if you just talk about the specifics of this deal.
When he -- he wouldn't get angled look.
We're not just gonna send everybody back homers eleven million undocumented what we will do -- -- make him have to pay a fine.
Have to go through this process we are not giving them amnesty they went to the dictionary definition of what amnesty really -- which was Smart on his bike path but it.
Long term Republican Party cannot survive losing.
The Latinos at 25% and if they can take this off the table it opens up so in this scares me to death as a Democrat because then it opens up having to have real conversations about.
We can go to church and the tax code and -- you've been up front about this and that that we could live debate this -- other.
We've -- well.
Outlook and coming from we're gonna President Bush's campaign in 2000 forward at 44% and the Hispanic vote I know what we're capable of doing and so.
Again and we see though this is good policy it's not it's not for political reasons.
But there is -- little looking into it.
You -- there is that there is -- criticism.
That and and rubio has talked about this -- like -- -- better though they Sunday we've been briefed by people close to the bill we've heard lots of this and there is still a feeling on the right anyway that.
These promises of triggers an enforcement mechanisms are.
Not really there that these are illusory that by the time you -- that you end up with a legalization.
And then after that you're trying to do it.
But see there's a few senators are coming out against this.
For the most part the other senator Republican senators are holding their fires witnessing what he's in the legislation and how they can be proactive what we've been hearing is that more -- than not will support despite partisan think -- good.
On the left.
Labor groups did something unexpected which was to get behind the idea -- the guest worker program this was something that in the past had been sticking point.
He can't do it is otherwise things like agriculture would get totally -- if you get a sudden.
Change in the law.
-- to get this done you need a business and labor basically on the same team to say look we're gonna have some kind of a guest worker program but it's got these conditions it.
That had to adopt to that question -- you chuck is.
Will labor stay here are they are they willing to stay in this because there's starting to be some noises out there from labor groups that say.
We don't like where this Disco.
From what I'm hearing haven't been in those meetings but from what I'm hearing is that they won't they know that the system is broken they want it fixed I think there's ongoing negotiations every -- not only the negotiators they had with the chamber but negotiations.
Going on with the leaders within the democratic party of what this bill looks like -- it leaves us and it has to go to the house side and then is there a limit on certain types of visas and -- other caps talking about negotiating with stale.
And then also these very low wage workers and these other types of visas and I think that what I'm hearing.
A lot of different things from a lot of different -- and I think the devil's in the details that's a horrible answer but that's true and.
And that's reality is that over the next it's really going to be six months let's face it that's really going to be it's going to be four to six months.
That this plays out those details will come out you never know which one day of the the collective process so let's just go with the prediction.
And we'll start with you -- -- Bill or nova I think that there will be down and I think it will -- -- -- her since chuck.
I do believe there will be sunny optimism on -- outing Monday to hear more -- is it different we thank you both from the conference that you're good at what you do.
Okay we're gonna take a quick break and when we come back somebody else who's good at what they do.
Peter -- will be here and -- will give us an update on what is proving to be a surprisingly contentious.
Nomination for President Obama Thomas -- will be the Labor Department.
Do that when we come back.
So stick around.
The agreement struck between assistant attorney general Peres and mayor Coleman at that closed door meeting was -- not only.
In the withdrawal of the deal would also.
The -- weakening of the whistle blower lawsuit potentially worth 200 million dollars to the federal treasury that.
-- what a congressional report.
On a deal struck.
Between eight Minnesota housing authority and the Department of Justice civil rights unit.
Under Thomas who realize sessions in this hour by what mechanism -- as this -- it was controversial at the time.
Because of its huge monetary value but also its relation to what to the way the federal government deals with housing discrimination.
And it was a big event but it's getting to be bigger -- a bigger deal now -- Republicans are looking to block mr.
From becoming the next secretary of labor you know how I know all of that because it.
-- it is and that's why because it reduces reporting on this welcome to the picture -- -- -- and yet he's supposed to sit in front of the senate for confirmation hearing in three days yet and so tell us about this -- this report from the house goes about its analysis from Republicans in the house it's -- -- the chairman of the house oversight committee Bob good -- -- Republican from Virginia and then over the senate.
-- Chuck Grassley is part of this also and basically.
They lay out sixty some odd pages of evidence.
Where they say that Tom Perez wants so badly for the city's Saint Paul basically to withdraw this this discrimination.
He flew out.
And convince them there to these Republicans -- convince the mayor to drop their appeal to the Supreme Court.
And in exchange.
The Department of Justice would not get involved with some whistle blower lawsuits that were filed against the city.
In this case or in another state another case it's -- several -- and so but the but the point here is that that's quid -- -- and I -- to do that right to trade one lawsuit against another and when you look at the it was February 12.
Of point fault that.
Peres flew out to Saint Paul six days later.
The DOJ came out and said -- were not we're not gonna get involved in these whistle blower cases.
Even though that DA's office the state attorney of Minnesota want to yeah recommended that and then one day after that.
The -- saint Paul -- through their Supreme Court appeal so why I mean people like money it's popular.
200 the million dollars why why didn't -- -- 200 million dollars for the government.
Further treasury good question.
But basically -- -- these Republicans are trying to say is not only did.
Whistle blowers get stiffed here but also taxpayers and it's very appropriate it's tax day.
Need to get my name.
Don't do it but just skip -- -- -- on you at that time I think I wanted to -- I will be paying my taxes.
He wants you to know Internet that there is a business taxes -- -- either they're basically saying that these Republicans are saying that lawmakers and whistle blowers are just getting short in that state.
-- it beats the accusation.
From many Republicans is that in winning this suit.
He would have lost a tool because the evidence that would have come -- this would have gone to the Supreme Court if they would proceeded with this lawsuit.
Against the housing authority in Saint Paul they were risking losing the statute forever and always because they were gonna end up in front of the Supreme Court that might say.
You know what this is a -- arrangement anyway so he'd made a decision.
The allegation from Republicans is that he made a decision to -- that 200 million dollars in -- so there are in in a settlement because.
Things could have bounced up into the Supreme Court and he could have ended up with a decision that would have taken a lot of our way.
From the civil Russian player and he is the head of the civil rights division and DOJ and he basically he thought -- -- -- This this marathon -- claps yeah.
You're not quite -- you -- made it.
Thank you are right my thanks as anyone that thinks Republicans will get votes for an amnesty bill are.
Something Jennifer corn was not -- on anything she was absolutely clear that she just happens to think she said it was good policy she said that she also happens to know.
That Republicans are -- this issue out.
In Hispanic voters -- nothing else and whatever they think may be right or wrong.
Political expediency does still carry a lot of weight in this town okay.
I'm humble Jonathan Hunt is up next that's true.
It's Monday so there's -- Charles that's also true.
But truth be told it is also -- for our points today.
Our points tax and spend.
Tax and spend 246.
Dollars that your first -- -- That is the average cost of the 2000 and well itemized -- Four American taxpayers that's how much people -- that want to itemize their deductions it was only 843 dollars.
Four people were -- -- the EZ form -- itemize their deductions.
That's up 11% -- was up 11% the year before the estimation as we talked about earlier.
With the new health law requirements and other things that -- 11% increase is gonna go up a lot this year and them go up and up and up and up and this is getting very expensive.
100 billion dollars that's the second.
Two American citizens to individual taxpayers that they take out of their pocket every year to pay to get their taxes that that's a lot of money.
That's a lot of money especially that she's going into a service industry that doesn't buy much other than a couple of desktop computers.
And here's your third PowerPoint six.
Point one billion -- six point one billion pounds that is the estimate by the IRS but.
How many hours are spent in -- year.
By human beings in this country getting -- taxes for -- so that's a lot.
They'll lock -- -- -- -- -- has a lot this year power points thanks for making time for us that we'll see you back here tomorrow.
Filter by section