tv Stephanie Ruhle Reports MSNBC October 28, 2021 6:00am-7:00am PDT
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dollar agenda. nbc news has now confirmed the president is on the verge of announcing a new framework for his human infrastructure bill. one that the white house says is expected to win unanimous democratic support. but expected, did you hear that, expected, under line it, that is the key word. we just got the details of what is in the framework, including the overall price tag of 1.75 trillion bucks. but as of now, there's no way of knowing if everybody is going to sign on. as we speak, this very moment, the president set to meet with house democrats behind closed doors on capitol hill. he's going to be looking to seal that deal. let's bring in nbc white house correspondent monica alba, big day, leann caldwell. and eugene daniels. monica, congressman dave cicilline was supposed to be joining us at this moment but he's waiting to talk to the
president. you got the details what's in this thing, what's in the plan? >> reporter: i can tell you that the president is delayed. he has not left the white house yet for that meeting with house democrats. that's significant because he has already pushed back his departure to italy and scotland because he's trying to hash out the final negotiations and details of this brand new framework we can report that the top line of this package has been scaled down from the original 3.5 trillion now to something in the $1.75 trillion range. there's a lot of headlines on what stays in and what's cut out. in the new framework the president is going to try to convince democrats to get behind, there will be universal prek, elder care funding, expanded child tax credit through 2022 at least. a clean energy funding and tax credit. there is at least $555 billion dedicated to climate in this
latest new proposal. smaller than what they wanted originally, but still one the white house is going to say is the largest investment ever made in a bill of this fashion. and there is some expanded medicare and medicaid coverage. what's notable is what senator bernie sanders and progressives wanted for hearing, dental and vision, not all of those are going to make it in. most notably what's out, there was no mention of paid family leave, that seems to be completely out of this framework. no free community college, there will be some pell grants, there will be investments in affordable housing, free school meals and something that will be interesting to be debated. there will be $100 billion proposed for immigration reform funding but that will be subject to some rules in congress about whether they can actually attach that to this. critical to remind everybody the president is going to lay this out later this morning but the bigger question is can he get his own party behind it first?
>> let's talk about that. let's be clear, we went through what was out of this and clearly lawmakers will be disappointed, however, $1.75 trillion is an enormous number and we cannot forget that is on top of the $1 trillion hard infrastructure bipartisan plan. what gives this white house confidence that despite that being a whole lot in there there's people who aren't going to be happy, why does the white house think they can get it done? >> reporter: they believe they're at a critical juncture, an inflection point here, there are only a couple hours left until he's wheels up for italy and scotland and they're making a gamble and a push to say this is our last dish effort this is what after months of negotiations we believe all democrats should be able to give a thumbs up to. very notably in this framework that we got from the white house in terms of what they believe they can, there are only two
lawmakers called out by name in it, that's senators joe manchin and kyrsten sinema, who the white house says they've negotiated with in good faith. so that means there's at least some a sit approval from them. but as we're hearing from progressives this morning in the hill team's great reporting there is skepticism because this is just an outline, this is bullet points and this is still a wish list in effect, there's no legislative text, they'll use this to guide that process which could still take weeks. so in terms of this being a pivotal moment the white house feels they're saying to their party, the time for talk is over and it's moving into an action phase, let's get something done. and they believe this gives the president the opportunity to go to europe and say we're on the verge of something great but as we all know that's not anything near a done deal. >> the time for talk is over. no cell phones in the rooms,
pencils dow down within pay attention. but let's stay on progressives. i want to share -- excuse me, moments ago how congressman jayapal talked about how she would like this to go down and she's representing the progressive side of the house, remember. >> do you need assurances that the senate won't change the reconciliation bill? >> yes, that has to be part of it. whether the assurances are coming from the president or the two senators, look i'm willing to -- he's our president, if he says he's gotten those assurances i think -- i don't know if i can get everyone to that place but i think we would have to trust him at that point but not without passing the two bills out of the house. >> sounds like the white house is saying trust me and jayapal is saying, i will. will that be the case for the rest of the progressive caucus? leann? >> reporter: so stephanie, i'm not sure if -- yeah, i'm not
sure if that was a direct i will. we'll see. i'm hearing from aides, from other people that they're skeptical about this. president biden has to walk in and do the most incredible sales job he's done in his entire life in order to get the progressives on board. aides just told me they have spoken to senator sanders and senator sanders is apparently telling progressives not to get on board just yet because of the lack of trust with senator manchin and kyrsten sinema that they aren't on board and president biden is going to say there's a broad framework. but they want to know if there's a commitment of those two senators to vote for this legislation and that is what these progressives say they have not yet heard. so it's going to be up to president biden to close this deal and to convince these progressives that they need to get on board. right now all these members are
walking in behind me, and, you know, it depends on what faction of the party you're coming from and what they're saying. i just saw representative josh got jeimer, a moderate out of new jersey said he's running out of red bull and still has the chall pain on ice. there's still a lot of questions here, it's going to take president biden to make the sale inside. we'll see if he can do that. >> you can tell the congress that is a cocktail, red bull and champagne, who doesn't like that. eugene help us understand the strategy because people say something is better than nothing. this isn't just something. it's 1.75 trillion bucks. if they don't back this, are they prepared to have nothing instead of something? >> i think that they really believe that they have enough power, especially in the house, to make this agreement whatever they continue to try to form
this agreement. it is $1.7 trillion, which even as we're saying that, that's just so much money. and the fact that we talk in trillions when you're a kid and that feels like a made up number. there's things in here they'll be happy about, the no prescription drug reform a huge issue. the no family paid leave because they feel they were promised things and those are out. there's frustration, we've talked about it, about how much attention has been paid to joe manchin and kyrsten sinema, and they feel like they haven't gotten the same amount within the guise of bernie sanders also a key senator. and he's someone to watch here. if bernie sanders, continues to tell people, don't get on board progressives, don't say we're with this, then there is no deal. right. they are calling this the white house, they're calling this a deal when it's a proposal, a
framework. there's no deal. when i was on the call today with senior administration officials one thing they would not touch with a 10 foot, 20 foot, 50 foot, 100 foot pole is whether or not key senators looked at the framework before, and i asked that on that call. so we're going to see as president biden starts to cell this to them in minutes whether or not they're able to get a deal before he leaves and they'll come out and give their take on it. >> all right. as we are looking at our screen, president joe biden made his way out of the motorcade, he's inside the building. it's game on. this is going to have to be the best sales job he has ever pulled off in his life. sahil, how is the president going to get this done? there he is walking with speaker pelosi, who he's been working with for decades. >> reporter: so far the white house and democratic leaders have tried to add votes by subtracting from the bill,
specifically the votes of joe manchin and kyrsten sinema who have their fingerprints over a series of items that have been cut from this major package. but there is danger if they go too far in that direction they could subtract votes by subtracting from the package. a key person is senator bernie sanders to keep an eye on because as he goes so goes the progressive caucus. and he's drawn a line on hearing and dental benefits and it looks like they'll talk about vouchers as a work around. also important to bernie sanders is medicare being able to negotiate drug places, democratic leaders have zigzagged on this, been back and forth as to what that looks like. it won't be the house version we know that. but democrats insist there's going to be some version of medicare negotiating drug prices there. so president biden has to make the case that this is a good
bill, a transformative bill, that as far as progressives are concerned this is as close as they can get to another new deal style agenda. president biden has an enormously difficult task because he is trying to pass a new deal style agenda without new deal style majorities. he has no votes to lose in the senate, only three votes to spare in the house of representatives and there are so many demands, so many conflicting demands, the issue of paid leave was dropped yesterday, the latest casualty of the bill. there are a number of democrats who are angry and disappointed about that. i have not heard anyone threaten to tank the bill because of that. because you probably like universal pre-k, the child tax credit, you don't want to see the bill crash and go to zero over that. this is down to president biden to resolve the differences that senator chuck schumer has struggled to do and nancy pelosi has struggled to do. a big test coming up for president biden here. >> do you think dropping paid
family leave could end up tanking this? it is something lawmakers have been passionate about. it's not necessarily a surprise that joe manchin wanted it out. we have to remember joe manchin represents the reddest of the red trump states. and when you think about that hard-core trump voter and joe manchin is able to win some of those votes, they're not on board for paid family leave. so we shouldn't be surprised about manchin. but do you think any lawmakers who have been pushing for it could be so angry they say no to the president's offer? >> it's really possible. that was a key provision we've been talking about for months. there are a lot of things that came in and out but the paid family leave, the white house, the senators and members of congress have said is key to like the survival of america. that is key to making shire that parents are able to live in this country. and that -- so to say that goes
out of the bill to get joe manchin's vote, a lot of people are frustrated by that. i don't know if it's enough to tank the bill. something that this white house has tried to make clear, this is not their last bite at the apple. i don't know how much it's going to pan out for them that this is likely the last bite at this kind of level of apple and that's what joe manchin said he wants to do paid family leave through some other process. it is possible that you get some republican votes on paid family leave. this was a key -- this was something that president trump actually worked on. he signed a bill on paid family leave. and so, there may be some work they can do with republicans on that. but that's something that president biden is going to have to convince these progressives, people that have been fighting for paid family leave that is something he's going to be able to do. like you have said, all of this
is about salesmanship and getting everyone on board saying we're not done yet with all the things that didn't make it into this proposal. >> as the president continues to make his way in, walking with speaker pelosi and steny hoyer. it's not just about does this package include everything people want, it's also about are we paying for it? we cannot forget we've got social security on the brink. it is going to run out in the coming years and all sorts of lawmakers are worried about that. there's concerns now that the billionaire tax is out, the corporate minimum tax, that new 15% base, is that going to be enough to pay for this thing? >> reporter: steph, yesterday we spent all day trying to figure out what this new billionaire income tax was going to be and how it would work. and trying to understand it. and it's not going to be in the bill. but what they do say is that
they have nearly $2 trillion of pay fors in this legislation. they say that new surtax on the millionaires and billionaires is going to raise over $200 billion, they say the 15% corporate minimum tax is going to raise $325 billion. the biggest pay for they say, $400 billion is irs investments that close the tax gaps and so that's irs oversight for people to pay their taxes. this is just a graph. we haven't seen a report, seen anything from the cbo, from the joint committee on taxation, we're just taking the white house's word here at this stage, but how you pay for it is going to be critical. one thing that's not really big in this legislation is precipitation drug pricing. that was expected originally to take up -- cost -- or give them
$700 billion of revenue in order to pay for this massive legislation. right now, in a very scaled down, slimmed measure because senator kyrsten sinema opposed it, they only allocate $145 billion in the prescription drug pricing component. so that is much smaller than most democrats really wanted on that issue. and so, you know, like we've been talking about, there's a lot of questions. we just got confirmation from an aide to senator bernie sanders who said he absolutely backs the progressive position in the house of representatives that they should not vote for this bipartisan infrastructure. remember this other trillion dollar bill that speaker pelosi wants to vote on today. that progressives should not vote on it until there is legislative text of this $1.75 trillion mega bill and so getting back to president biden he has to figure out how to get his members on board.
because even though they're not voting on this $1.75 trillion bill today, they did want to vote on the other roads, bridges, highway, legislation. and i still at this point in the morning, it's still early, i don't see how they get that vote, steph. >> we're not going to have that legislative text today. if we don't get it, you said before, the president is putting everything on the line here. if he gets on that plane, if he heads overseas without getting anything done, what does that say to the american people and the world of the control he has over his own party? >> reporter: yes, it certainly looks like president biden wants to be able to tell world leaders he's at least close to doing something that he is on the brink of getting a major deal done. and that requires, obviously, getting the votes in congress, the president and the white house have a megaphone, they have the loudest microphone in the world but they don't have a vote in congress and they have to resolve a host of differences
here. i would keep my eyes on several key figures in terms of determining whether or not president biden can say they're close to getting this done. obviously senator kyrsten sinema has had an issue with a lot of tax proposals is he going to be satisfied? senator joe manchin had a problem with a price tag higher than a trillion and a half, is he satisfied with the price tag? and senator bernie sanders needs to be placated that these measures are addressed to his liking. the progressive caucus is critical to unlocking the votes for the bipartisan infrastructure bill and they have serious trust issues with senators kyrsten sinema in particular and to a lesser degree joe manchin. they're not willing to accept their language on a framework. several members of the caucus want to see the senate fully pass a reconciliation bill before they consider voting for
that infrastructure bill because they're worried about the process in the senate where unlimited amendments can be offered and if a single democrat defects, you can remove or change a provision in this build back better framework. so there's still a long way to go between now and getting the bill passed, president biden has the task of resolving the trust issues. and there's the issues expiring at the end of the month, they want to pass the infrastructure bill because that extends them. several members i talked to said no do a short term fix because they're not willing to vote. it's a wide chasm for the president to fix. >> all of you stay close. we are all over there. especially you, eugene, you didn't wear that jacket by accident. with that look you need to be on
the show all hour long. lawmakers are close, they've been close for a couple of months now, the hard infrastructure package on the shelf getting dust while we have crumbling infrastructure across the country. we are staying all over this, democrats meeting with the president right now behind closed doors as he announces framework for a deal and urges them to get something done. we'll bring you any updates as we get reactions from inside that meeting. up next, how did a live bullet end up on the "rust" movie set? that one question investigators are digging into after the tragic shooting. we'll go live to new mexico for the latest. l go live to new mex the latest i don't know. i think they look good, man. mm, smooth. uh, they are a little tight. like, too tight? might just need to break 'em in a little bit. you don't want 'em too loose.
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back to our breaking news. president biden inside that democratic caucus meeting right now as he unveils a new framework for his social spending plan. we're watching every moment in there. we'll update you as soon as we get new information. but right now developing out west this morning, police in new mexico are saying the fatal shot fired by alec baldwin on the set of the movie "rust" was, in fact, a real bullet. no criminal charges have been filed since the shooting that killed halyna hutchins but authorities say it is still a possibility. >> nobody's been cleared as of yet. again, there's three people that handled the firearm prior to the
death of ms. hutchins. so those people will be interviewed, are the focus of the investigation, and so nobody's been cleared as of yet. >> joining us now attorney katy fang and clay van sickle, he's an armorer. but i want to start with miguel almaguer my colleague in new mexico. give us the latest on the investigation. >> reporter: stephanie, a major question here is how did that real, live bullet get onto the set of a production when they're not allowed on movie sets. it was a serious misstep in what led to a fatal accident. on the set of "rust" investigators now confirm alec baldwin fired a single live bullet that travelled through the body of halyna hutchins and became lodged in director joel
souza. baldwin was handed a colt 45 revolver he was told was safe to use before squeezing the trigger. >> we believe we have in our possession the firearm fired by mr. baldwin. we also believe we have the spent shell casing from the bullet fired from the gun. >> reporter: according to a search warrant, the revolver was put into baldwin's hands by assistant director dave halls. he said the colt came from armerer hannah reed gutierrez. halls said hannah showed him the firearm but he only recalled seeing three fives. the two people who handled the weapon in this case whose job it was to ensure safety obviously made serious missteps, shouldn't they face criminal charges? >> we can't say that at this point. >> how come? >> because the investigation is
not complete. we know that mistakes happened. we're not sure who did it, when they did it, how they did it. >> reporter: at the scene, investigators questioned 16 cast and crew members inside the church where hutchins, a cinematographer on the rise was killed. 600 items of evidence were recovered, including three guns and 500 rounds of ammunition, both blanks and suspected live rounds. with authorities now investigating reports "rust" staff may have been taking live target practice while not filming any potential criminal charges could be weeks even months away. this morning the investigation still unfolding in a tragedy that should have never happened. >> should have never happened. >> reporter: a major question here is how did that -- a major question here is how did those bullets get onto the set and who put that bullet into the chamber. that's a big part of the
investigation. that could take weeks to unfold, stephanie. >> clay we'll go to the bullets in a second. but first, walk us through the procedure, what is the procedure supposed to be for handling a gun, p even if there's only blanks on set? >> the procedure is long established safety protocols that have been in effect for decades in the film industry. and it's very simple. the armorer is the ultimate responsibility for the weapons on the set. every time they pick up a weapon, they ensure it's cold. if it has to go to the set, they walk to the first ad, the safety officer on the set, they inspect it to ensure it is also cold and empty. then they announce it on the radio, call it out in a loud voice, colt gun on set, does anybody want to inspect it? at that point any cast or crew member may inspect the weapon. from there the armorer takes the weapon to the talent that needs to handle it, confirms with them
it is cold. at that point i check with camera, audio, anybody else in the area they can confirm it's cold. there's at least three, often many more checks of any weapon a set, whether it's going hot with blanks or whether it's cold. this should not have ever happened because of those safety protocols that are in place. >> in what scenario would there ever be that there would be live ammunition kept on set? that part makes no sense. >> i 100% agree. >> the sheriff said there was live ammunition. why would that be? i can't imagine they bring poison to the set of "romeo and juliette". >> there's no reason to have live ammo at all. there are extremely limited circumstances where it's allowed and that's usually specific special effects shot where they're filming bullets in slow motion, things like that. but on a scripted set like this,
live ammo should never be on set and it's clear it was. >> how do officials determine whether this crossed the line from a horrible mistake to criminal negligence? >> so the difference between something like a wrongful death claim that could still be brought in a civil court is when you're looking at criminal charges we look at the intent of the possible defendant or the prospective defendant. for crimes you have to have the intent, what we call the mens rea in latin. the idea under the law, you intended to cause the harm. but there are statutes available in new mexico for example, negligent discharge of a gun. and what the investigation is going to reveal after everybody looks at the evidence whether there was an intent to be so
grossly negligent you had no concern about the safety of the people on set. we have search warrants many of them. most of them face to alec baldwin not being an actor in the criminal charge. most go to the armorer. but new cast, new production company and crew came in just the day before, they walked off that set because we heard there were budgetary issues. maybe more towards a civil cause of action, but less maybe towards criminal charges in the case. >> who was the producer of the movie? alec baldwin. they're the ones that decide the budget and cut them. why is the focus only on the assistant director and the armorer. why not alec baldwin? he fired the gun and he was a producer. >> it doesn't appear that alec baldwin would have had an independent duty or obligation to have to verify. i understand there is a gun
safety protocol, but if he was not aware and he actually took possession of the firearm and he reasonably relied on the armorer or assistant director to give him a cold gun, then the criminal intent is probably not going to be there. but he may be looking at negligent hiring, apparently the armorer, this is only her maybe second time serving in the role. so there's exposure there but i don't think it's criminal in nature. >> clay you went through the protocols with me. alec baldwin had a gun in his hand and nobody shouted cold gun, looked at it, none of those protocols were met. >> cold gun was called according to the affidavit, the ad called out cold gun after he picked up the gun off the armorer's cart, which is unheard of. absolutely should not ever happen. the armorer should have an unbroken chain from them to the
talent and back and the armorer should have shown mr. baldwin that gun was empty and cold, if they didn't that's on the armorer. going back to inexperience, that could factor in and the hiring of somebody who's so unqualified or inexperienced could have also led to this. >> makes no sense why on earth would there be live ammunition on a movie set. thank you both so much. we are so all over that breaking news. keeping an eye on capitol hill where president biden meeting with democrats right now. we'll bring you the latest. plus some great news. and hope on the horizon. covid cases and hospitalizations are down big time, not just in a few states but across the country. with a kid-sized vaccine potentially just days away. promising new signs this morning. prisoming new signs this morning.
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we've got some good news on the covid front this morning, new cases are dropping dramatically nationwide as a growing number of states plan to start vaccinating younger children as early as next week. greg gutierrez is live in brooklyn at a pop up site opening today for school age kids and mark cline is with us. tell us about the pop up site for kids and the dramatic drop in cases across the country. that's hugely positive news.
>> reporter: yeah. it's exactly right, stephanie. so yes, as you mentioned cases dropping around the country and also many states are planning ahead in anticipation of the cdc potentially signing off on the vaccine for younger children ages 5 to 11 years old as early as next week. today more vaccination pop up sites like this one are opening up throughout the state. the if governor saying more than 100 such sites are set to be opened across the state about 20 or so were announced yesterday. and the governor saying that if these -- the cdc does sign off on the vaccines for younger children she didn't anticipate the need for mass vaccination sites that the state will mostly rely on pediatrician offices, local pharmacies to meet that demand for the vaccine. stephanie, as you mentioned, since september 1st, covid cases across the country have dropped by about 57%.
hospitalizations down 54%. from around that time. and we spoke with several doctors across the country that say this is encouraging news. but the cdc director reiterated yesterday because this is trending in the right direction that people should still remain vigilant as we head into the winter months with people gathering together for the holidays, stephanie. >> dr. cline, how are you preparing to roll out the vaccine for younger kids 5 to 11? >> thanks for having me back, stephanie. we're very excited about this. there are 28 million children between 5 and 11 years of age, who have not had an opportunity to take the vaccine up until now. and so we're going to be utilizing our primary care locations across the new orleans community. we'll be giving vaccine here at the hospital itself. and then there will be a variety of sites also in pharmacies and other public health clinics across new orleans and
louisiana. so as gabe said, there really are not planned for these mass vaccination sites because we don't think the numbers justify that. but there will be a number of locations and we'll make access as easy as we can. >> talk to us about the impact covid has had on young children at your hospital. >> you know, it was a rough summer. july, august, early part of september were incredibly intense. we had these dual outbreaks of rsv, another respiratory virus and covid. our icu was full. we had a number of children on mechanical ventilation. we had two deaths from covid here at the hospital. the staff were exhausted. it took quite an impact on us. and to have the numbers come down as precipitously as they went up is really a relief. and i'm encouraged by that. i'm encouraged also by the fact
that a new variant that's even more contagious than the delta variant hasn't been identified as of yet. so that gives me hope that the numbers may continue to trend down. there's still a significant amount of community transmission going on not just here in louisiana but across the country. we're not out of the woods. i keep telling people we may feel like we're done with covid but covid is not done with us. it's going to be with us for a while. but it would be great to be able to avoid these big surges that we've seen in the past. and hopefully vaccinating these 28 million children between 5 and 11 years of age will help us do that. >> the more of us that get vaccinated, the more likely we can live with covid responsibly. doctor, gabe, thank you both so much. right now democrats are meeting behind closed doors to figure out what's in and out of the major spending bill. next we go back to capitol hill to see where things stand. we're staying all over this
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back now to the breaking news on capitol hill. president biden meeting with house democrats behind closed doors. it comes after the white house officially announced a new framework for human infrastructure. and senator bernie sanders, well no surprise he could complicate things, after he told progressive members he wants to see the bill's text first. i want to bring in leann caldwell on capitol hill and jonathan allen. jonathan, to you first. i know both of you have been talking to sources inside that room all morning long. what's your take on this new bill? because when i look at it, it looks like a climate change bill with some social programs as a kicker. >> number one, the biggest anchor or engine of this bill at this point is the climate stuff about 555 billion of the 1.75 trillion. there are huge investments in
social programs, an expansion of the earned income tax credit and child tax credit. you'll see universal care for children and pre-k, also a huge piece of this. but really climate is the biggest engine of the bill. and, of course, what is going on this morning is an attempt by democratic leaders to sell progressives on the idea there is a deal on the reconciliation bill with the senators so they can free up the infrastructure bill they're trying to get done before terry mccal liv is on the ballot in virginia for tuesday and president biden leaves for europe. i talked to a democratic member of congress, said where does this stand, he said has bernie signed off on it? >> do they have senators on board, where is bernie sanders on this? >> reporter: well, that is the question. we're hearing from our sources,
stephanie, that bernie sanders backs the position of the progressives and that is until there is legislative text then they will not give their vote for the bipartisan infrastructure bill that speaker pelosi wants to vote on today. let me see who's walking behind me. congresswoman can you stop for the cameras. sorry i was trying to get representative custer who was in the meeting with president biden just now to see what was being said. we heard moments ago from another member, congresswoman carolyn maloney, that they are going through the bill section by section in that room behind me. president biden has been in there for 35 minutes so he is also educating the caucus on what is in this bill. and that is, you know, in the steps of how this is supposed to go, educating and convincing and persuading people to get on board. that is a huge task to do in an hour-meeting this morning. he's going to address the nation in this just a little bit. and again, it's these progressives.
they have already conceded a lot in this legislation, there's no paid family leave, no free community college. the social programs have been reduced dramatically as far as numbers are concerned. so he has to get them on board to vote for this bipartisan bill while also on board and convincing them senators manchin and sinema are on board. we haven't heard from senators sinema and manchin yet. we're staked outside their office. we're also not getting a lot of details of what's happening inside that meeting behind me, steph, because they had to drop their cell phones, and so the leakers were -- it's a black hole in there right now. we're waiting for people to leave, but there's all the outstanding questions and one thing that i do want to know, looking through the details of this legislation, for example, this home elderly and disabled care, the original proposal was $400 billion. what they have in this proposal now is just $150 billion. the biggest proponents of this like senator bob casey of pennsylvania, he told me
multiple times that $250 billion is really what's necessary for this program to even work and be effective, but here they just funded it at $150 billion. so there's going to be a lot of questions, not just on where senators sinema and manchin stand but also if they can get the rest of the caucus on board. stephanie? >> i want to point out just about five minutes ago, congress com tweeting "we will deliver both the infrastructure and the build back better act to people across america but we cannot do that if we don't even have a bill." underscoring this idea that kind of it doesn't really matter what joe manchin says about what's in it, they want to see the details. thus far, john, does it look like funding the irs is the most significant pay in it? >> it does. out of the $1.9 trillion or so they can get out of revenues, beefing up the irs enforcement
is the number one, just looking at my notes here $400 billion would produce over ten years and global minimum tax at 15% which would be $350 billion over ten years. of course we haven't seen congress give money scores on this yet and no text yet, what the white house estimate is and alternate minimum tax for large corporations in the united states, 15% that brings in $325 billion over ten years, combined i'm doing back of the envelope math here about $1.2 trillion of that total $1.9 trillion in revenue raises. >> how significant is this corporate minimum tax? there's all this desite over should corporates pay 21%, 25%? we know there are over 50 major corporations that last year paid zero. i'm sure none of us paid zero last year but nike, salesforce, fedex paid zero. with this change, everyone, no matter what, will have to pay a
base of 15%. since janet yellen just worked to get over 130 countries, including china and ireland, to agree to a global minimum tax, how essential is this for the united states to do the same? if we don't? we're talking the talk but we are not walking the walk. >> sort of what we've done on climate change. the united states wanted everybody to participate in combating climate change and not necessarily willing to put up its own numbers on where it should. there are two sort of pieces to this tax regime aimed at the idea of a 15% minimum tax, one is on the global level taxing the foreign earnings at an even 15% rate which makes it more difficult for companies to try to locate their sales and their businesses in other countries to take advantage of better rates there, and then the other piece,
of course, is the 15% minimum tax for domestic companies that have more than $1 billion in profits, and that's something senator sinema was negotiating with senator warren, in here it appears that's something that sinema will go for and it's something that's going to hit a bunch of companies in new york and in california and san francisco and washington state, so that's pelosi, schumer and jayapal, going for that or sink it because of their constituents. >> crazy thought, leigh ann, we talk about what democrats are on board. any republicans, are there any republicans supporting this and if not, are they prepared to go home and tell all their constituents, nope, they don't care about elder care, they don't care about medicare, they don't care about the child tax credit or free pre-k? >> there are zero republicans who are even considering
supporting this, stephanie. >> zero. >> reporter: they call it the crazy tax and spending bill and in the bipartisan infrastructure bill, there were 19 senators who supported it in the house, we expect fewer than ten once it finally comes up for a vote. so there is absolutely no republicans who are even considering voting for this, president biden's agenda. stephanie? >> important reminder for our audience, republicans not on board. this isn't just about democrats. john, leigh anne, stay close. this thing is not over. it's not just the president on capitol hill today. oil ceos set to face questions about their role in the climate change crisis, exactly what they knew and what they covered up and what congress can do about it now. ♪girl, i don't know, i don't know,♪ ♪i don't know why i can't get♪ applebee's. now that's eatin' good in the neighborhood.
in about 30 minutes get ready for serious fireworks, top executives from exxonmobil, bp, chevron and shell are set to testify on capitol hill. the house oversight committee plans to grill them on evidence their companies knew for years and years that their products and efforts were hurting the environment and speeding up cli xhat change. josh lederman is on capitol hill. why are they doing this now, beyond fireworks and zingers and katie porter giving a beat-down, what's actually going to happen to the executives and their companies? >> reporter: the immediate
trigger for this hearing, stephanie, was that undercover video over the summer of an exxon executive cynically describing how the company undermined efforts through lobbying to address climate change. democrats wanted to hold this hearing for a long time, pining for the chance to drag these ceos before cameras, put them under oath and try to get them to admit their companies knew decades ago that the product they sell, fossil fuels, was contributing to global warming, and that they hid that fact from the public. of course, these ceos have no intention of admitting that under oath. a spokesman saying "our public statements about climate change are and have been truthful, fact-based, transparent and consistent with the use of broad scientific community." one key theme to watch is how house democrats want to draw comparison to big tobacco, they want to make this a moment like that 1994 hearing where the tobacco executives testified that they didn't think their
product was addictive but of course the executives from the big oil companies they plan to say that's completely unfair comparison. >> we will be watching fireworks all over the hill. the hearing begins in the next hour and focused on the president and democrats wrapping up their meeting, the president expected to speak in about 90 minutes. no republicans getting on board. it is on the line for democrats. i'm stephanie ruehl. jose diaz-balart picks up breaking news coverage right now. >> good morning, i'm jose diaz-balart. it is an incredibly busy day in our nation's capitol. president biden is expected to unveil a new frame work pour the safety net but is everyone on board? we'll find out where things stand. from bob