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Examining Trump & Clinton's Tax Plans; World Series Heads to Wrigley Field; What Impact Will the Spouses Have on 2016 Race?; Pence and 47 Others on Board Plane Unharmed. Aired 6:30-7a ET
Aired October 28, 2016 - 06:30 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
MANU RAJU, CNN SENIOR POLITICAL REPORTER (voice-over): Recent polls in Florida make that case.
[06:30:02] One found Clinton ahead of Trump and Rubio barely leading his Democratic challenger, Congressman Patrick Murphy. A separate poll had Trump ahead and Rubio winning re-election by ten points.
What makes things more uncomfortable his bitter primary fight with Trump.
SEN. MARCO RUBIO (R), FLORIDA: We have a con artist as the frontrunner in the Republican Party.
RAJU: At a debate this week, Murphy made his strategy abundantly clear, consistently invoking Trumps name.
REP. PATRICK MURPY (D), FLORIDA: Donald Trump. Donald Trump. So, what is it going to take for you to un-endorse Donald Trump?
RUBIO: Basically the answer to every question tonight by Congressman Murphy is Donald Trump.
RAJU: But Murphy now getting a last-minute cash infusion with a super PAC tied to Democratic Leader Harry Reid, promising to make a seven- figure donation to an outside group.
Murphy already putting $1 million of his own money to pay for this Spanish-language ad with President Obama.
BARACK OBAMA, PRESIDENT OF THE UNITED STATES: Salga y vote por Patrick.
RAJU: Now, Alisyn, Obama wants to really beat Marco Rubio, coming here today to campaign for Hillary Clinton and Patrick Murphy, but this state is so difficult for Democrats because it's so expensive and they have much more winnable states on the map right now, which could be one reason why Marco Rubio ends up winning re-election -- Alisyn.
ALISYN CAMEROTA, CNN ANCHOR: Right, so much energy being invested into Florida right now. Thank you for all of that, Manu. So, up next, your taxes. The presidential candidates have
dramatically different plans about what to do about your taxes. So, who will let you keep more of your money? We're going to show you in your money, your vote, next.
[06:35:33] CHRIS CUOMO, CNN ANCHOR: Friday treat of substance for you. It's time for your money, your vote. The foundation of both economic plans for the candidates is going to be the tax plan.
So, let's take a look at how they would affect your wallet.
CAMEROTA: Get out your abacus. This is going to be some math for you this morning. Donald Trump says that he would reduce the seven tax brackets that currently exist down to just three.
CUOMO: So far I got it.
CAMEROTA: Well, listen to this. Those tax brackets, here's where it gets complicated, would be the 12 percent bracket --
CUOMO: I like that one.
CAMEROTA: -- the 25 percent bracket, the 33 percent bracket. He also said that he will increase the standard deduction.
Now, for the wealthy, he has some added morsels in here. He will repeal the alternative minimum tax. He will repeal the estate tax. And, then, of course, he also wants to repeal Obamacare, which has various taxes.
CUOMO: All right. So, what are the headlines for Clinton? She promises her tax plan will not raise taxes only, though, on households earning less than $250,000. That's the main difference. Trump says, "I'm going to lower taxes for everybody." She says that's not the smart to do. You should target them. Okay.
So, she's going to raise them on the wealthiest. How? She's going to implement a Buffett rule. The rich would pay 30 percent of their income in taxes.
CAMEROTA: Meaning that Warren Buffett will no longer be in a lower tax bracket than his secretary.
CAMEROTA: That's the Buffett is based on.
So, then, there would also be an extra tax on income of more than $5 million.
CUOMO: Right. So, the super rich would get an additional tax.
She's also going to raise the estate tax. We know that is, that's the amount of money you can transfer at the end of your life. Also, the gift tax, OK? She's going to raise that. Capital gains taxes on stocks held less than six years, which would be a new dividing line between long insurers.
CAMEROTA: OK. So, let's look at who wins, OK, in each one of their plans. The nonpartisan Tax Policy Center says that in Trump's plan the wealthiest people would get the biggest tax cuts. Those with incomes of more than $3.7 million would see their tax bills cut the most by 14 percent. Most businesses would also get a huge tax cut from him.
CUOMO: Trump also says taxpayers can't claim deductions for each of their kids. So, some working families could possibly deduct less. And the minimum tax bracket at 12 percent goes up from 10 percent. The Trump campaign says they're going to work with Congress to make sure no one pays higher taxes under his plan. So, his proposal now is just a starting point.
CAMEROTA: OK. Also the median households would see a tax cut of about $1,000.
So, who gains the most in the Clinton plan? Let's look at that now. Lower income families would see new tax credits to reimburse them for things like child care and elder care. You heard her talk about all
CUOMO: And the wealthiest Americans are going to pay more. The Tax Policy Center estimates that 90 percent of Clinton's tax increases will fall on the top 1 percent of earners. The median earner would see a tax break of 110 bucks a year.
CAMEROTA: So, the Clinton campaign suggests that programs that are funded by the rich would mostly help middle class Americans.
CUOMO: Now, as for the federal debt. The Tax Policy Center says Trump's plan will increase it by $7 trillion over the next decade.
CAMEROTA: That's a problem.
They say Clinton's proposals would decrease the federal debt by $1.6 trillion over the next decade. Now, keep in mind, that's before, though, Clinton starts to spend on any new proposals or the tax cuts or Trump cuts any new spending.
CUOMO: Right. So, the point there making is here it is on paper. But now once they implement those things and do things with the money and the savings, that could change the impact on the debt. And again, you can go to the Tax Center website and you can see the analysis for yourself, OK?
CAMEROTA: The math is now complete.
CUOMO: Abacuses away or whatever the plural of abacus is.
Just ahead, a look at the role the candidates' spouses are playing in the race. We discuss, next.
(COMMERCIAL BREAK) CUOMO: Time now for the five things to know for your NEW DAY.
Number one, the NTSB is investigating why a charter plane carrying Republican VP nominee Mike Pence and 47 others skidded off a runway at LaGuardia Airport last night. Happy to say no one was hurt.
Donald Trump telling his supporters the election should, well, be canceled right now and he should be declared the winner. Meanwhile, Hillary Clinton campaigning for the first time with Michelle Obama.
A wild scene erupts at the site of a controversial North Dakota access pipeline. Authorities in riot gear arresting 117 protesters for refusing to leave an encampment near the project. They also used pepper gas and high pitched sirens to force out those demonstrators.
Brothers Ammon and Ryan Bundy, along with five others, found not guilty of federal conspiracy and firearm charges over that armed takeover of an Oregon wildlife refuge. The Bundy brothers still facing trial over charges in Nevada.
Apple unveiling its revamped Mac Book Pro, the first in four years. The laptop have many new features, including a touch bar at the top of the keyboard allowing you to control Mac apps with your fingertips. The devices are also lighter, thinner and faster. The price tag, fatter, up to $2,400.
For more on the five things to know, you can go to NewDayCNN.com for all the latest -- Chris.
CUOMO: For the first time in 71 years, the World Series returns to Wrigley Field tonight.
[06:45:05] Andy Scholes leaving the dream has more in this morning's "Bleacher Report".
I still can't believe all the great stuff you got to cover in the last year.
ANDY SCHOLES, CNN SPORTS CORRESPONDENT: Yes, I know, hoping to make it back to the World Series pretty soon, Chris.
And I'll tell you what? It's all tied up in a game apiece now that it shifts to Wrigley tonight. Both the cubs and Indians, they're well aware that nearly every cubs fan has been waiting their whole lives for this moment.
(BEGIN VIDEO CLIP)
JOE MADDON, CUBS MANAGER: I know the people who have been waiting for this for a long time are going to savor it and hopefully on our part, we could do something to make it even better.
TERRY FRANCONA, INDIANS MANAGER: I think it will be a tremendous atmosphere. I thought the one in Cleveland was, too. I think it's good for baseball. I don't think there's going to be a ton of people cheering for us. (END VIDEO CLIP)(
SCHOLES: Now, cheapest ticket to get in to Wrigley Field tonight going for just under $2,000 right now on the secondary market. Now, the Cubs are going to be without super slugger Kyle Schwarber tonight. His knee is not 100 percent. So, he can't play in the outfield. He just gong to be a pinch hitter. First fight tonight a little after 8:00 Eastern.
Former Titans running back Eddy George wielding a giant sword before last night Titans/Jaguars game. Jaguars playing as well as their jerseys looked in this one. It was really bad. Marcus Mariota two touchdowns for Tennessee and Titans were up 27-0 at half-time. Pretty big snoozer. They're going to win the game 36-22.
Alisyn, back to you.
CAMEROTA: Nothing is a snoozer, Andy, in sports. All fascinating to me, at least. Thank so much for all of that.
So, one of them is a former model and the other a former president. Up next, the candidate spouses and the impact they may have on the 2016 election.
CAMEROTA: With only 11 days to go until Election Day, Donald Trump dropped a bit of a campaign surprise on his wife, Melania, on what her role would be in the final stretch of this campaign.
(BEGIN VIDEO CLIP)
MELANIA TRUMP, WIFE OF DONALD TRUMP: I might join him. We will see.
DONALD TRUMP (R), PRESIDENTIAL CANDIDATE: She is actually going to make two or three speeches. And I will tell you --
INTERVIEWER: Made some news right now.
TRUMP: It is. She's amazing when she speaks. She's an amazing public speaker. So, she's agreed to do two or three speeches and I think it's going to be big speeches, important speeches. It's going to be great.
(END VIDEO CLIP)
CAMEROTA: She's like, I'm sorry, what now?
Meanwhile, Hillary Clinton's Bill, also played a role in the campaign. How will the spouses affect the election?
Joining us now, CNN political commentator and senior writer for "The Federalist", Mary Katharine Hamm, and CNN political analyst and "USA Today" columnist Kirsten Powers.
Ladies, great to see you. Kirsten, I'll start with you. How effective do you think these spouses are?
CAMEROTA: Just drop it.
CUOMO: Just telling you when to wrap. You don't want to hear that.
CAMEROTA: How effective do you think these spouses will be in the campaign?
KIRSTEN POWERS, CNN POLITICAL ANALYST: I think for Hillary her most effective surrogates are the Obamas. And they're going to be much more effective on millennial voters who have a relationship with them. Millennial voters don't have a relationship with Bill Clinton. He's before their time and he's out of sync with them I think ideologically. And, frankly, from Hillary Clinton's perspective, Bill Clinton has a tendency to go off script a little bit.
CAMEROTA: We have an example of that. He, as you now -- well, with Obama care he has certainly gone off script a couple times recently. So, listen to him on the campaign trail this week.
(BEGIN VIDEO CLIP)
BILL CLINTON, FORMER PRESIDENT: What are the problems with the law? We can take them off. The co-pays, deductibles and premiums are too high and the drug prices are too high. So, what does she say we should do? We should bargain for lower drug prices the way the government can now with Medicare and Medicaid for everybody.
(END VIDEO CLIP)
CUOMO: Now, you know, this has been a really controversial thing, M.K. Let's bring you in here. The first time that bill went out of the box on this, he said some things that were arguably not true --
CAMEROTA: That is the craziest thing --
CUOMO: That may be true, but his numbers about who is getting crushed. How does this play to you for him to come out and acknowledge what is real, that the ACA has real problems and just how you can fix it because the chance of repealing it is very small.
How does it play to you?
MARY KATHARINE HAM, CNN POLITICAL COMMENTATOR: Yes, look, it's politically tricky. I think it's sort of nice to hear and Hillary Clinton did some conceding of those facts when she was in the second debate, saying, yes, the Affordable Care Act is not affordable, but it does a bunch of other things. So, let's talk about this.
I think Bill Clinton is more honest about it than she is. He is not at the top of the ticket and he's not following Barack Obama as the possible president. He can do that.
Look, I think the question about each of these spouses, all three of them are far from having to live a normal American life that appeals to normal American people, but it's sort of who can pretend at it best. I think Michelle Obama is probably closest at this point and also a question of who they're appealing to.
Melania can do a fine job on the trail and was done a disservice during the RNC when she got the speech that was not hers, and the campaign should have done better by her. I think she can do fine but she appeals mostly to the base. Michelle Obama I think reaches some women, college educated women outside the normal Clinton base that she needs.
And Clinton, I think -- the Trump campaign I had to say probably did some damage to him as a surrogate by having this whole national conversation about the sexual allegations against him. I think that probably did a little damage, en though I think he still has some cachet certainly among the blue collar white voters that they want.
CAMEROTA: Very quickly. I know it's not good etiquette to talk about the candidates' spouses particularly the people who might be first lady. She's not a politician. But do you think that Melania Trump is relatable to the base?
POWERS: I don't. And I don't have anything against her. Well, I don't think she's relatable to the average American because she is Slovenian super model, which is not really -- I mean, it's like your life, Alisyn --
[06:55:06] POWERS: And most people cannot and a very wealthy person. So, I think that I don't think she is relating to people but like Mary Katharine said, I think with the base, for people who want to support Donald Trump and want a character witness to say, I believe him, I trust him. But I don't think she's going to bring any new voters.
CUOMO: I think the interesting dynamic is that Trump has a strained relationship with his wife optically, outwardly. The way they lied about the speech at the convention that wasn't her who was lying, it was the campaign that set her up for that. At the al smith dinner the only real shot Trump took at himself he took at Melania, his wife, who didn't see it coming. Did you see the look on her face when she said my wife gives the same speech as Michelle Obama, doesn't get the same applause?
So, you know, if anything, doesn't Hillary's relationship with Bill kind of work because she has been so forgiving?
HAM: I'm not sure it works that way but I do think that women probably watch that clip of Melania getting surprised by the face that she's giving a couple of speeches and go, that was not the super nicest thing to do to her. She is a person who is perfectly smart and speaks many languages and can go out and get the job done and I don't think the campaign or her husband has done a great job in helping her do that in this like brand situation for her. And think her getting surprised in that interview is another example of that. CAMEROTA: OK. So, here is Michelle Obama who I know you think is a
fine surrogate and perhaps the best along with Barack Obama making the case for Hillary Clinton yesterday. Listen to this.
(BEGIN VIDEO CLIP)
MICHELLE OBAMA, U.S. FIRST LADY: Yes. That's right. Hillary doesn't play. She has more experience and exposure to the presidency than any candidate in our lifetime. Yes, more than Barack, more than Bill. So, she is absolutely ready to be commander in chief on day one. And, yes, she happens to be a woman.
(END VIDEO CLIP)
CAMEROTA: OK. How about that first argument, Kirsten? More experience than any candidate in our lifetime. Does that pass muster?
POWERS: Well, I mean, if you look at the fact that she's a U.S. senator, she was the secretary of state, she was a first lady and she was certainly there in the White House and saw, she was playing somewhat of a partner role. Didn't go so well in some ways, but still saw everything that was going on there.
I think yes, you can make an argument that on paper that she has a lot of experience and then you add in all her experience leading up to the White House. She is a very successful lawyer. I don't know if you can say necessarily the most experience of anybody, but I think what she is getting at is this idea that you hear the Trump people saying she's never done anything. She just married Bill Clinton and now she's supposed to be president. That's not really what happened.
CAMEROTA: Ladies, thank you. Great to talk to you. Have a great weekend.
CUOMO: A lot of news. There are new poll numbers to discuss, as well. What do you say -- let's get to it.
UNIDENTIFIED FEMALE: We have an issue on the airport. We're getting help for you.
CAMEROTA: A plane carrying Mike Pence skidding out of control.
TRUMP: The plane was pretty close to grave, grave danger.
CLINTON: Dignity and respect for women and girls is also on the ballot in this election.
TRUMP: It was locker room talk. The microphone was not supposed to be on. Certainly, it was an illegal act.
OBAMA: They are trying to convince you that your vote doesn't matter.
TRUMP: She shouldn't even be allowed to run for president.
CLINTON: Donald, you're the one who got a lot to learn about everything else that makes America great.
ANNOUNCER: This is CNN breaking news.
CAMEROTA: Good morning, everyone.
We do have breaking news for you on this new day because the NTSB is investigating this morning a near disaster here in New York last night. This charter plane carrying Donald Trump's running mate, Governor Mike Pence, skidding during a rain storm at LaGuardia Airport. The plane coming to a stop just yards from a major busy highway.
CUOMO: The good news, no one was hurt. This morning, crews are hard at work trying to get the plane off the runway. As you see there. But they can't completely remove out why this happened.
CNN's Deb Feyerick live at New York's LaGuardia Airport with the breaking details -- Deb.
DEBORAH FEYERICK, CNN CORRESPONDENT: Well, Chris, we can tell you that the NTSB is on its way here and investigators taking a very close look to why exactly that plane overshot the runway. Those are the words that officials used last night. Why it overshot the runway and landed, essentially, where it did. The braking conditions were classified as good, which an official says is the highest classification. All of that is going to be under investigation as the NTSB officials arrive here within the hour.
TOWER CONTROLLER: We have an emergency on the airport.
FEYERICK (voice-over): A frightening experience for Donald Trump's running mate, Mike Pence. Flying in from Fort Dodge, Iowa, the Trump campaign charter plane carrying the Indiana governor skidding off the runway upon landing at New York's LaGuardia Airport.