FIRST AIRED: October 19, 2017

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Transcript

00:00:00
>> Historic tax cuts.>> Trump's big push to cut taxes headed for a pivotal moment Thursday, as Senate Republicans prepare to approve a budget measure that would help them overhaul the US tax code without the Democrats.>> I'm honored to welcome,>> The day before the vote, Trump sought to sell six Democrats on his plan at a meeting with Senate Finance Committee Members from both parties with the top Senate Finance Democrats, says he made clear to the President that his party believes that the plan would only really benefit the wealthy, raise taxes on some middle class Americans, and increase the federal deficit.
00:00:33
Republicans hoping to pass the tax plan through reconciliation, which would require only a simple majority of support from the GOP controlled Senate. Otherwise, tax reform would need 60 votes and would likely fail.>> The motion is not agreed to,>> After their unsuccessful attempt to repel ObamaCare, Senate Republicans are desperate for a legislative win.
00:00:54
The first crucial step being the budget measure, which if approved would add up to one and a half trillion dollars to the federal deficit over the next decade to pay for tax cuts.>> If we're not going to be conservative, I can't vote for it.>> That's not sitting well with Republicans Senator Rand Paul, known for his staunch fiscal conservatism.
00:01:12
He's threatened to oppose the budget if it exceeds spending caps. His Republican colleague, Lindsey Graham, telling him on twitter quote, don't screw up #TaxReform.