Trump Can Make Deficits Great Again, Says PWC's Lieber

The transcript discusses the anticipated budget battles, highlighting a 65% increase in the deficit over 24 months. It notes President Trump's influence on the Republican Party's approach to deficits and a bipartisan consensus in Congress to increase spending. The discussion also covers the Republicans' strategy to capitalize on their current political momentum and the challenges they face in promoting a tax bill perceived negatively by the media. The focus is on the need to communicate the bill's benefits to the middle class and its impact on corporate investment in the US.

What is the main reason for the bipartisan consensus in Congress regarding spending caps?

• Both parties agree on reducing the deficit.

• There is a focus on increasing taxes.

• Democrats and Republicans have different spending priorities.

• Both parties want to decrease military spending.

How does the speaker compare the Republican Party's current situation?

• To a struggling sports team.

• To a divided government.

• To a successful business.

• To a winning baseball team.

What is the expected outcome of the Republican Party's legislative win?

• It will create more divisions within the party.

• It will be a capstone for many members' careers.

• It will lead to a decrease in public support.

• It will result in a loss of political power.

What challenge do Republicans face in promoting the tax bill?

• Negative media coverage.

• Lack of support from the President.

• Opposition from Democrats.

• Insufficient funding for campaigns.

What aspect of the tax bill do Republicans need to emphasize?

• Its impact on international trade.

• The benefits for the middle class and corporate investment.

• The reduction in government spending.

• The increase in foreign investments.