Hasnt been done because we broke every record. Its the largest tax cut in the history of our country. I guess its very simple. When you think you havent heard this expression, but we are making America Great again. Charles joining me now, one of the writers of the tax bill, congressman, congratulations. That was a really i thought that was a great ceremony. The have you cans didnt spike the ball it was subdued and subtle. Sit was heart warming. Tim scott was emotional. Orrin hatch was emotional. This was something of a saga to bring this across the finish line. We have members who have been working on this for 15 years. The stars aligned, it was possible. For nose on the house ways and Means Committee, we have almost a generation of members and this is the culmination of their career in congress. Charles for the main stream media and your rivals across the political aisle, this was suppose to be dead on arrival. We have been reporting, at t, boeing, bank. America, wells fargo, they are giving out bonuses. Did you expect this kind of response . I did. If we do a history lesson. Lets go back a few months ago. We had everyone from our former speak tore people of on your own show saying this was a pipe dream its too difficult in todays world. The polarized politics, the carveouts in the current tax code and those waves of lobbyists coming at us. But i would love it in the subdued if nature of the members of the ways and Means Committee as we talk about this. This so much more than a win for the Republican Party. When if the United States grows, it does well, its good for the entire world. And we desperately need the growth. If we stay at that 1. 5eu9 growth predicted for the next decade, we are in incredible financial trouble. Charles lets talk if you can. You mentioned carveouts and compromise. What kinds of commitment is there to go back and get rid of amt for individuals, maybe get rid of the estate tax and get rid of carried Interest Despite the squall street opposition . A lot of americans would like to see those components out of this bill to make it better for the middle class. There is going to be a lot of data well need. Carried interest, the value changes dramatically fit comes in at the Capital Gains rate and the marginal tax rate. Charles there are the fat cats upon wall street who take helicopters seem to be paying a lot less money man main street. Can it be fixed . If you do all the percentages the hard working middle class is doing better as a percentage. The highincome earners do pay the vast majority, 8090 percent of all federal income tax. I believe we can do better. But there will be everything from technical corrections to we see where we are revenuewise. Charles you deserve the victory lap. We appreciate it and we hope there are more chances to make it an even better bill. But its historic. The one thing i most of wish for right now is sleep. Its been a long few months. Charles we want to bring in our panel now, tammy bruce, and katrina pierson, America First policy spokesperson and former Campaign National spokesperson. I thought President Trump was very subdued today. And he went out of his way to congratulate his colleagues. Many of those folks he has had runins withinr with on other issues. This is something the president has been talking about since the beginning of the campaign and he managed to deliver. It took everybody he was thanking to do that. When the democrats are claiming the sky is falling the American People sleep better at night knowing they have a president who cares about them. Charles report phrase we heard, dont get the perfect be the enemy of the good. You are going to have a lot of folks who will say, hey, there will be more bites at the am. Are you still confident of that . Tammy yes, i am. The democrats were saying things that were false and today its come to fruition. We are seeing a remarkable reaction to an imperfect first step. Imagine what can be accomplished if you just focus on what we know is a correct dynamic, which is allowing the American People to keep more of their own money and allow businesses to sha thrive in this country. Im loving armageddon. If this is armageddon, i want more armageddon. Charles wells fargo, at t. Before the morning, i believe there will be hundreds of thousands of americans who got a 1,000 bonus for christmas. A lot remains about the gop selling this. Thats the next part of this. You remember when you came on the Trump Campaign he was a decided underdog, and you found the message to break through the logjam. I dont know what speaks louder than waking up in the morning and having more money in your bank account. There are several Companies Already not just paying out bonuses. These are bonuses to nothing Management Union representatives. 200,000 employees. And you will see wage increase. And you will continue to see that. It will help combat that media narrative which has been bogging down the poll numbers on this particular bill. Like i said, having money in the bank and seeing your paycheck go up will be a communication. Tammy the republicans werent doing a victory lap, they should. They must be enthusiastic. They must make sure the American People see what this is. Already they are seeing the results. President trump as a party kick and screaming dragged them through this. Charles he proved his leadership style works in the private sector and it works in the government as well. All the public disagreements within the Republican Party, and now we have this legislative victory. But a lot of people are arguing over the direction of the party self and and the conservatism in the age of donald trump. When i saw that news come across, i was floored. You are an amazing candidate to take this job over. Lot of people think its a proxy for whats going wrong in the go up self. Let me start by saying jim demint was, is and will always be a personal favorite of mine. I have admired and respected him and i appreciate with he did at the Heritage Foundation. I dont think we can lay what we see going on in our country at his feet. We all know we want to see a different tone in our country, conservatives by nature are optimistic and positive people. One of the things i hope to do here at the Heritage Foundation is to take the research, the data and analysis with some of the most of stellar scholars on the planet and make sure that information is informing the policy debate on capitol hill and make sure the news that we have in terms of the good data, and the good analysis goes to every corner of america. I want to make sure we take our conservative message to minorities, to women, to the youth of this nation. We have to broaden the base of the conservative movement. And i look forward to doing that. Charles the conservative movement is a message that resonates with everyone in this country. It has nothing to do with where you are from. But there is a lot of debate over that message. You are being diplomatic and i understand. You just got in the job. But will there be some serious tugofwar for the heart and soul of the party and conservatism Going Forward . Lets separate the Republican Party from the conservative movement. They are two distinct things. One of the things i love about this job is i get to step way from politics and go to policy. Some people in this town are obsessed with power and politics. Im looking forward to people and policies. Charles we are looking forward to all the things you bring to the job. I have known you for a long time, congratulations, really appreciate it. Thank you so much. And merry christmas. Charles after months of republicans touting the economic benefits of this tax plan. The big question is, will it live up to expectations . Well debate it next. Well be right back. The markets change. At t. Rowe price. Our disciplined approach remains. Global markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. Whcold sore. Et you . Grab lunch . Cold sore. When a cold sore takes over, campho pheniques topical anesthetic plus antimicrobial action soothes pain fast. Whats for dinner . Meat loaf. Camphophenique on, cold sore pain gone. Charles the gop passed this tax reform bill. The question is exactly how will this impact americans and the economy. On the individual side there is optimistic outlook. You have the estimate that middle income and top earners will receive 61 billion in tax cuts the next 10 years. And will add 1. 4 trial to the deficit. And only spur. 8 gdp in the next 10 years. You seem optimistic about this bill all the way through. Are you happy with the final product . I am. We are going to get Economic Growth like we havent seen in the last 10 years. Last three quarters the economy has started to pick up. But this will be the shot in the arm the economy needs. The drop in the top income corporate rate will increase wages by thowts of dollars just for an annual salary for a worker. Thats on top of the tax relief granted on the individual side. It will give consumers confidence and give them more buying power. Charles are you as optimistic . I am. Its not the perfect result. I would like to see more tax reform than tax cuts. But it will boost the market and the economy. Charles february people see more money. They have more money and probably feel confident about it. Oil going down, they are not sure if thats if thats temporary. Consumer spending is starting to pick up in august. The tax cuts are going to allow people to have more money in their pockets. The market sees that. The first order of impact from the markets will boost the market through buybacks. In august they were spending on Capital Investment because they were doing better. Charles thats one of the reasons Fourth Quarter gdp will be over 3 . 200,000 employees, boeing will invest 300 mill. Wells far go, 15 minimum wage. Is this what you expected . They opened the floodgates already. This is instantaneous. I hope it continues. I want to be clear. When im talking about the wage increase for workers. Thats supposed to be basedden 0 productivity. Thats supposed to be because of productivity. Its not the expectation that businesses will sprinkle their tax relief on their workers in the form of a direct payment but thats good as well. Charles are you suggesting this will give businesses the confidence . They havent had the certainty and infrastructure to actually invest it. You have got 35 Corporate Income tax rate. Of course you are not going to do anything with your money. Now that there is certainty moving forward, i would see a lot more of that. Where does the market go from here. At the most of, 25 . I think the market has a good ways to go. There has been a nice rotation as it is. It will rotate back and forth. This is very positive outcome. Charles coming up, well break down some of the hidden and most of crucial elements of the bill outside of taxes. This was more than just a tax bill. Can you say anwar . I dont want to sound paranoid, but dya think our recent online sales success seems a little. Strange . Na. Ever since we switched to fedex ground business has been great. Theyre affordable and fast. Maybe too affordable and fast. What if. People arent buying these books online, but they are buying them to protect their secrets . . hi bill. If that is your real name. Its william actually. Hmph affordable, fast fedex ground. President trump we essentially repealed obamacare because we got rid of the individual mandate which was terrible. That was the primary source of funding obamacare. We have tried to get that passed. They tried with ronald reagan, they tried with everybody. They never got anwar. But we have anwar in this bill. And we have tax reform. Charles the repeal of obamacare, the individual mandate, and opening up anwar for oil drilling. Here to discuss, robert christie. Along with christopher bradford. Christopher, let me start with you. According to the cbo, removing the individual mandate could mean 13 million fewer people buy Health Insurance. It will be a shot in the arm for people who could not afford it. The republicans have said if you want to call the individual mandate a tax, well repeal it like its a tax. The cbo is not giving enough credit to americans. 13 million americans will now have a choice to make. If they want to get coverage or get taxed or find for not pursuing Health Insurance options. That gives them the freedom to choose and there will be incentives for people to choose outside of just penalties. This is a good thing for republicans. Republicans shouldnt celebrate too much. The president went too far when he said we basically repealed obamacare. Charles but its a critical part of it. Some folks are saying the republicans are slowly strangling this bill or letting it hang out to dry. What are your thoughts on this . As it relates to the individual mandate. This an excellent move for the American People. You saw for the first time in American History the government came in and said america you have to buy this good or this service because we say so. There is something about liberty and freedom. There are aspects of it i dont like. Its come prehencive and sweeping. And most of importantly it delivers on a promise the president and the republicans said if you give us the honor and the power and ability to lead, well lead. This was a very, very strong step forward. Charles we got inventory numbers out. They are near 10 Million Barrels a day in america. This is the most of oil we have ever been able to drill. Chris, you were there during the fight over anwar. How important is that for energy and economic and security independence. This is huge. This is a battle i was dealing with in the 1990s. This will stimulate the economy in alaska and significantly reduce our dependence on foreign oil. At a time when we are talking about National Security issues, this move with this bill and this provision will stimulate the economy and make it a lot safer for america to have a strong sense of oil supply. Charles they off yuftsly have a wind in their sails. Liberals and activists will fight them tooth and nail. They did just open up anwar. Its been a battle between alas cans and liberal activists for decades. But dont expect them to start drilling tomorrow to pull that billions of barrels of oil out of there. They are going to be tied up in lawsuits by the left. They will try and hold it up and do as much red tape as possible. But this is donald trump ending his year on a good note. Hes done pane war which republicans have wanted for decades, and he passed tax reform that will likely last for decades. Charles along the waive he changed the perception hes a duck out of water in washington, d. C. It looks like hes learning how to play the game and hes also bringing his own skill set as well. Congress battling tax reform, but Government Shutdown looming large. Could daca be the thing that shuts down our government . Well debate that next. Today were out here to test peoples knowledge about type 2 diabetes. So you have type 2 diabetes . Yes i do. True or false. Type 2 diabetes more than doubles your chance of dying from a cardiovascular event, like a heart attack or a stroke. That cant be true, can it . Actually, it is true. And with Heart Disease, your risk is even higher. In fact, cardiovascular disease is the 1 cause of death for adults with type 2 diabetes and Heart Disease. But there is good news. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Thats good to know. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. Isnt it time to talk to your doctor about jardiance . Absolutely. Ask your doctor about jardiance. And get to the heart of what matters. We had a long discussion about funding. I dont see a shutdown scenario. I see there is work to get to 218 votes with republicans only. This would be easier if you had democrats willing to come across. There is ongoing discussions. There is not a deal yet. I cant tell you they will be whippingen thping whipg on tr in the next few minutes. I cant guarantee well reach the 218 threshold. But we are going to work on it and hope to funds the government tomorrow. Charles that was two minutes ago about this effort to funds the government before midnight friday. Congress race to pass a shortterm spending bill. And avoiding the embarrassment of a government must down. Fox news has been told the house will engineer a stop gap spending bill. A bipartisan bill on daca will be negotiated on the senate floor next year as well. Ford, let me start with you. I guess the democrats are wedded to the idea of some sort of daca bill. But we did hear from senator jeff flake that he has a Firm Commitment from Mitch Mcconnell that daca will be at the top of the list for everyone to discuss. Would that be for republicans and the democrats as well . Ford it would be foolish to have a Government Shutdown. That would hardly make christmas great again. Here is my thought on daca. This has to be done right. Fixing daca means you have to end chain migration. Because if you dont errands chain migration well be back at this daca problem again. And democrats know they have the upper hands. Charles dave brat said hes confident the government will stay open. The cbo said if we keep the daca program in place, it will be 26 billion to taxpayers and create chain migration of an additional 80,000 people of. Thats goes against the new National Security initiative President Trump announced. This is something that has to be fixed correctly. We cant do that in 48 hours. We are talking about a continuing resolution. Thats something thats not foreign in washington, d. C. They are pushing it out to midjanuary. I think it makes a lot of sense to do that so some of these issues can be debate. There are senators in conservative states, some of which donald trump won by double digits. I dont see them falling on the sword. Charles i think we have had 6070. It almost makes the process a sad joke. When they talk about it, its about the kids. But 40 are over 19. In fact more than 64 are over 19. Its not like a lot of young kids and their parents will be sent out. It becomes even more complicated with respect to that. And how the average american despite the economic rebound is struggling. Tammy these individuals come in, they get scooped up by ms ms13. The cbos report which you mentioned. Lets make sure the audience knows that number. 26 billion in less than a decade is what it would cost. They thought they would get the issues in. Rand paul said the nsa dynamic and fisa court, he would filibuster if that was part of it. So well have this stop gap, but january is going to be busy because the president has to know we did not sign up to give amnesty to millions of individuals who will ends up cost 26 billion of taxpayer money. Charles ford, we are talking about stop gap measures and kicking the can down the road. It goes a shorter distance each time. How do you envision an ultimate compromise . Ford essentially the democrats will hold their grounds thinking they can retake the house in 2018. They will try to obstruct trump and impeach trump. They are not interested in governing. Because the republicans are the majority in both houses of congress, they have to find a way to bear the burden. With daca, the kids are a magnet for the parents. This is not a uniquely american problem. Immigrants fan refugees come here because we have the best benefits. Charles thank you very much. If you dont see you, have a great merry christmas. The major averages while they were down slightly. I have got to tell you, Everything Else about our economy is looking great. The question is will the retail consume percent step up to the plate . 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This is Cancer Treatment centers of america. And these are the specialists were proud to call our own. Treating cancer isnt one thing we do. Its the only thing we do. Expert medicine works here. Learn more at cancercenter. Com Cancer Treatment centers of america. Appointments available now. Charles there was an anticlimactic reaction to the stock market. But many thought we were going to see massive profit taking. The russell 2,000 closed higher today. Stocks bolted out of the gate this morning. They got a huge boost from existing home sales up 5 . Its the biggest number in a long time. Wall street was look for a decline. This is the strongest page for sales six december 2006. Its a great proxy for Consumer Confidence. Even brick and Mortar Retail are coming back including gap. Up 63 from their lows of the year. Bed, bath and beyond beat the streets on revenue and earnings. The stock is down but great, great news. The question is, is the consumer back . Brick and mortar found a way to survive in the age of amazon. You are always my goto person on this kind of stuff. I have been thinking about you because i have seen these brick and mortar stocks come back. Now im hearing direct to consumer. For one, these retailers have really pared down. People were freaking. But that was all about kind of cutting the bottom line in check. Once those retailers started closing down and consolidating, we saw the consumer coming back and really spending their money. Also retailers are restructuring everything thats in the store. Speaking to your point about direct to consumer. Even the way you pay for things. People Like Companies like paypal have this thing called one touch. You touch your phone and everything is paid for. 70 any consumers are doing 70 Million Consumers are doing that. Charles these Consumer Confidence numbers have been mind boggling. But on wall street they call that soft data. Will we see people start to go out and spend . I noticed credit card use is about to go up. Its a red flag if we use credit cards too much, but also its a sign of Consumer Confidence. You have to look at the savings rate. When you have an effective Corporate Tax rate that comes down from 35 to 20 , it increases the per Family Spending in the United States. When we had a Corporate Tax rate of 35 , it has an impact of 3,000 per family. The logic behind that is families are going to start spending more. That combined with the Consumer Confidence being. You may be the perfect storm positivity. Charles right after the bill was passed, at t pledging a 1,000 bonus to 1 Million People. Does that also give a boost . If while work at at t and i get an extra thousand, will i spend it . If there is going to be a boost it will probably go to credit card debt. I dont know it will go into savings. That was also a shortterm boost for them for money. More money, more confidence. Charles that could make a good song. The bitcoin rollercoaster keeps going crazy. We are going to talk to the online retailer at the forefront of this crypto currency. He saw it before anybody else and they said he was crazy. When you have a really traumatic injury, we have a short amount of time to get our patient to the hospital with good results. We call that, the golden hour. Evaluating patients remotely, is where i think we have a potential to make a difference. We would save a lot of lives if we could bring the doctor to the patient. Verizon is racing to build the first and most powerful 5g network, with ultra lowlatency that will enable things like precision robotic surgery from thousands of miles away. As we get faster wireless conctions, wh i move my hand, the robot onhe other side itin a way that was justb no. To opera on a patient will mimic t movement, with almost no del. O knew a scalpel could work tusands of mis away . Wifiso if you cant live without it. T it. O knew a scalpel could work tusands of mis away . Why arent you using this guy . It makes your wifi awesomely fast. No. Still nope. Now were talking it gets you wifi here, here, and here. It even lets you take a time out. No no yes yes, indeed. Amazing speed, coverage and control. All with an xfi gateway. Find your awesome, and change the way you wifi. Charles bitcoin madness on display. Even as it becomes more main stream is a debate over whether its a currency or bubble. Overto be. Com is overstock. Com is one of the first retailers to allow customers to use bitcoin. You know, 2014, you said we are going to accept crypto currency and everyone said this guy is nuts. What i saw was the thing underneath bitcoin, this invention called block chain. Its going to change the world. I wanted familiarization with it so i started accepting bit coins so i could get a team of developers. Charles you developed different platforms within your business. This is the part where people i never hear from. Relatives that never call. My cousin from alabama call and say whats up with this bitcoin. How do you open an account and how do you buy crypto currency and what are the risks . There is the conventional world you know, then this a new universe of bitcoin crypto currencies of things built on the block chain. What we have, we are developing a worm hole between the two universes. We have a website 42 Million People will come to this month. We are developing different bitcoin and block chain applications. We want to be the toll bridge. Charles there is pushback saying a lot of people jumped on the bandwagon. Thats raising some red flags with the shares going up 2,000 . How will people understand ways real and what else not real. I aflood what the fcc is doing. We used to live in a country where guise drove around with a suitcase full of stock certificates. And so 80 years ago this country decided if you are going to sell securities to the public, the government has to look at them, bless them, sprinkle some holy water on them. This isnt a security, they wormed their their way through the rules. They are effectively secure. You are raising money to build a business. But by saying that, it means these tokens and coins will have to be security. But people will have to start issuing them and registering them as securities or have to trade on an exchange that is part of the block chain and sec compliant. The only exchange that is sec compliant. Charles they are giving me the wrap signal. People love this thing. The potential. People talk about a Million Dollar bit coin. Is that possible . Yes. The new universe is being created its the most of important change in civilization. Charles the u. S. Facing a looming spending shutdown. The u. K. Navy is at a low point it has not been in centuries. Why National Security and prosperity must always go hands in hand. Next. For the first time britain has no major warships outside of its own waters. The result of frightening defense cuts. Even now the countrys most advanced military vessel, the h. 2 boulevard Aircraft Carrier suffering from a leak. Many are left now wondering if britain has long kept long influence will continue in this deep decline. Joining me mow to discuss, greg healy, along with rebecca grant, a former official in the office of secretary of air force, currently the president of iris independent researcher. Let me start with you rebecca on this. Seems like the ultimate cautionary tale. As President Trump talked about the connection between National Security and economic prosperity, we could see as soon as britain lost its place in the world as number one Everything Else has fallen apart as well. Britain has questioned its military role and theyve had a lot of budget cuts. So, charles, right now the british navy is at 74 ships, we have almost 300. Thats smaller than the number they sent to the falkens30 years ago. Its no bad thing to be tied up at the pier with the six destroyers that are tied up if thats going to improve ship maintenance and operational availability. Theyre committe commit with the fighter to resuming carrier aviation. I expect to see them back strong. Never be where they were in the late 1800s, early 1900s where the sun never set on the british empire. In 1870 they were 34 million square kilometers. It was an amazing economic power and as that fell apart, so has the military might. Charles, look, when you think of the royal navy, the royal navy of my youth, you think about the swashbuckling of nelson, hawk, you think about battles like the nile, you didnt think about 20 warships tied up to the dock in portssmith. Its a pretty bad indictment right now. We had a couple of world wars since that faded away. Reck ba ka, all im saying is this concerns me. This concerns me in an era where just today, moments ago, dave pratt, as hes negotiating with democrats, they wanted to cut the Defense Budget. Is this the right time to be cutting the Defense Budget . Trump made very clear he wants to get rid of the damaging sequester that has cut into our readiness. And i want to see britain back. Theyre on the a team of our allies. They are still going to replace their nuclear detear rent. Theyre going to continue with that. But youre right, its a cautionary tale. It was a source of pride, a serious source of pride for the uk for a long period of time. Thank you both for your expertise. I really appreciate it. Thank you at home for watching us. Now lou dobbs is next. Lou good evening, everybody. A major victory for President Trump and congressional republicans. The house of represents today approved the biggest overhaul of the tax code in 30 yeeshes sending it to the president s desk where he is assuredly to sign it. Well discuss the historic achievement with kellyanne conway, she joins us here tonight. Also President Trump celebrating historic tax cuts as democratic obstructionists threaten a Government Shutdown. Congress faces a deadline of midnight friday to pass spending legislation. Dozens of democrats, however, are vowing to