Months, they cant have a replacement. The democrats are very happy in some ways they are going to get rid of obamacare. This was the one big answer paul politically. This was one big answer, a new solution that was going to be revolutionary and change things for the better. Didnt work. They are happy. We had it for six years. Theyre happy to dump it off. Im more optimistic, there are a lot of pitfalls, we can go through them, if we have momentum, get one part down on the replace part, it creates the conditions for further things down the road. So i think that the main thing is that they need to show momentum. They have the repeal and show good things being done. Because our goal is not, the problem is, obamacare is like, closing down a nuclear plant. There is all this waste. You cant turn it off and walk away. You have to be careful with that waste because it can kill you in the meantime. So i think they just have to have the momentum. Paul the argument is, that you hear, and i hear is, okay, well
have this replacement deadline a couple years and that will concentrate the mind, political hanging will concentrate the mind. I know politicians. They think it will be the other politician that will being hung, not them. Nobody wants to take a difficult vote. I think there will be trouble for republicans to get this done. It is going to be difficult for year but lets start with a fundamental here which is that obamacare, the law, is not popular with the public. This isnt merely a political football. It is the health care system. While not everybody is involved with obamacare, those who are have had a terrible experience. Im not sure the democrats want to be seen out there simply being totally obstructionist and not allowing this process to go forward. The republican need to be transparent. They need to show momentum. Im hard put to see benefit for democrats saying we wont participate in this. Paul democrats cooperate, kim, you wrote a column this week saying that the republicans should not repeat of obamas mistake being totally partisan,
should reach out to democrats but is there any prospect they will get help . It is if they do this piecemeal. That is what republicans increasingly coalescing around. Rather than one big replace measure a piece here, a piece there, issues appeal to specific democrats and those that are up for reelection in two years time, put a lot of pressure on them in their home states. And try to turn this around on them as well, say, the only people who are in fact making america sick again are those of you who are helping us to fix the problem. So this is going to be their strategy. I think if they attack this on a little bit more of a piece, by piece, basis, they have a shot. Paul they can make progress. Thanks, kim. Still ahead, as the 115th Congress is sworn in, all eyes on the republican majority. After obama cares repeal well tell you what else is on the todo list for the gop. Vitamins and minerals. For the strength and energy to get back to doing. What you love. Ensure. Always be you. Keep from having another one. And im taking brilinta. For people whove been hospitalized for a heart attack. I take brilinta with a baby aspirin. No more than one hundred milligrams as it affects how well it works. Brilinta helps keep my platelets from sticking together and forming a clot. Brilinta reduced the chance of another heart attack. Or dying from one. It worked better than plavix. Dont stop taking brilinta without talking to your doctor since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. Brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. Dont take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. Tell your doctor about bleeding, new or unexpected shortness of breath, any planned surgery, and all medicines you take. Talk to your doctor about brilinta. Im doing all i can. That includes brilinta. If you cant afford your medication, astra zeneca may be able to help. To the majority, especially to our returning members, i want to say this, this is a once in a lifetime opportunity. The people have given us unified government. And it wasnt because they were feeling generous. It was because they want results. Paul that was paul ryan addressing his fellow republicans tuesday after he was officially sworn in as house speaker, with the gop of the presidency and both houses of congress for the first time in a decade, were back with a look at what they can do and what they must do in the first year. So, dan, lets step back, a year from now, if were looking back at that first year of congress. What would a successful year look like . What would they have done . I think first thing we should say, these republicans with the todo list bitten off more than any congress possibly can do in a year. Certainly they have to get the
supreme Court Replacement for Antonin Scalia confirmed. That is at the top of the list. Paul okay. Secondly i think should have a Tax Reform Bill done by the end. Year and perhaps some financial reform. Paul doddfrank, regulatory . Doddfrank. Look, obamacare was a big issue in the election. The economy was bigger. The republicans and President Trump have got to get the economy restarted. That means doing economic reform, getting the government off the economys back. How they will do that simultaneously with the sort of obamacare process, repeal and replace that we were just discussing, thats going to be difficult. Paul Supreme Court, tax reform, regulatory relief. What else do you want to see, bill . I think regulatory relief is part of a broader reform how the government does business in the obama years, we worked through the courts and federal agencies. What i am hoping the appointment of carl icahn there will be a unified approach across all agencies. Paul outside advisor, wall street investor. That is really what a lot of
businesses complain about, this Regulatory Overreach and so forth. The process has been corrupted as well, without the proper hearings and time and so forth. So, im, i have a lot of hope. I think its a businessman, donald trump understands the problems of the regulatory burden. He probably dealt with them personally. Paul anything else on the list, joe, that you think, they need to get done . And what do you think they will get done . Are you optimistic as these two guys . I think they might end up overloading their bandwidth. I think they have to do those big things. You heard paul ryan say the people elected us to get results. They have to keep that goal in mind with every, every bill they pass. They have got to get growth from 2 to three to 4 in order to get wages rising. That is what they will be held accountable for. Paul kim, i want to read a donald trump tweet this week about a big ethics flap on capitol hill where congress, republicans tried to change a
rule to modify an outside ethics watchdog. Trump weighed in with this. With all that congress has to work on do they really have to make the weakening of the independent ethics watchdog, as unfair as it may be, their number one act and priority . Focus on tax reform, health care, and some other things of far greater importance. So thanks a lot, mr. Trump. You know, weighing in like approximately p. E. Against the republicans. The republicans stampeded and caved and changed their mind. Will that happen to republicans every time, they will scatter like wildebast when donald trump make as tweet . They ended up putting up a bill they hadnt laid the groundwork for it. The press said democrats were able to redefine it for them. This is the not moment they
should have been doing it. This is you dont run in immediately say well tackle a priority they hadnt even talked about really publicly before. So he had a point and they scattered. You make a good point is that, he has got a lot of power via 140 characters on twitter and i think at times he may use that to impose some discipline. But it could spread a lot of disarray within the Republican Caucus too. I think this is leadership issue. The leadership said dont do this. The rankandfile overruled them. They did it. And then they reversed themselves. They should have said if you dont want to do this, dont do it. Makes it clear politicians on capitol hill are perfectly capable of running off the rails. I want to make a point in defense of Donald Trumps tweets and so forth. He wants to change washington. The washington doesnt move. The process extremely difficult. They would rather do nothing. Trump is like taking a two by four to the side of the head of a donkey. That is what his job will be. He will have to do that to shake them up to get them to move. Paul now, what about paying for the wall, bill . That story came out later in the week. There is a wall on the mexican border. He is saying, well, well get congress to pay for it. Be reimbursed. Paul not the mexicans after all. He is saying the mexicans will pay later. Paul sure. We have been dubious about this. If youre going to build through the wall with the legislative process, let congress do it. Paul it is an american wall. He may pay the price. Look at priorities from opposite point of view. What is the worst thing that can happen to donald trump and presidency, a year from now, the working people that put him in, my life hasnt inproved. I dont see job prospects. I dont see this this is side of joes argument, Economic Growth. They really need to do things and things that will get the economy moving. The stock market seems to be reacting pretty well to his things but it has to go down to ordinary people. Paul thank you, bill. When we come back, Republican Leaders countying down to the Trump Presidency and gearing up for an historic opportunity. Is a time for a tax overhaul finally here . Well ask economist art laffer next. Seeing is believing, and thats why
were opening more Xfinity Stores closer to you. Visit us today and learn how to get the most out of all your services, like xfinity x1. Well put the power in your hands, so you can see how x1 is changing the way you experience tv with features like voice remote, making it easier and more fun than ever. Theres more in store than you imagine. Visit an xfinity store today and see for yourself. Xfinity, the future of awesome. Were going to be working with the congress over the course of the first several months to construct the kind of tax reform for businesses and individuals that will unleash the boundup energy in the american economy. Paul Vice President elect mike pence this week putting tax reform at the top of the gops ambitious agenda, promising to
move ahead on a overhaul in the trump administrations first month. It is something that republicans in congress have been advocates and planning for years. Economist art laffer is chairman of Laugher Associates and was an Economic Advisor to president ronald reagan. He joins me from nashville. Arthur, great to see you again. Good to see you, paul. Thank you, its fun. Paul Stock Market Rally since election day has been big. What are investors looking for anticipating . I think theyre anticipating tax rate reform. I think theyre anticipating a lower Corporate Tax for sure. When you discount those profits coming forward it leads to a fairly attractive stock market. I think this stock market reflects their optimism about the future. Paul should which be concerned there is a stall in the rally last three or four weeks . Not really. We had a similar situation when reagan came into office and the market then went way down, as you may know in august of 1982. The market hit its trough. It was down from reagan coming into office to august of 1982. Then boom, it you had the biggest boom of all time. Paul is Corporate Tax reform and tax reform more broadly, is that for you the centerpiece of this growth agenda. Is that one thing they have to get done to insure growth . He really needs tax reform, you do, but obama care is serious regulations are serious. I hope he symbolically gets rid of the death tax. That would be a shot across the bow well have a major change in policy going forward. The death tax is just disgusting. You collect no money and put barriers everywhere. Corporate tax down to 15 , paul, will go a long way bringing back prosperity. Paul trumps tax rate is 20 , excuse me, republican rate is 20 . Strums is 15. If they do 20 can you live with that . Of course i can. It is such a low bar. Let me say, paul, this
administration has such a low bar, it would be an act of fearless aggression if they could worsen the economy. You just cant do that. And not only is it a low bar for the economy, just like we had after jimmy carter, but they dont have any chance of losing congress in two years, in 2018, because the tilt is way against the democrats. They have four years to get this economy going. And that is the single and only thing they need to do. All these optics and all this other stuff is just nonsense. If they get the economy growing, they will win reelection in landslide in 2020. If they dont, they wont. Thats it. Paul that really does focus on tax reform. Youve been a free trader all your life, art . Yes. Paul you view it as one of the pillars of an Economic Growth country and an Economic Growth strategy. So what do you make of this plank of the Republican House tax bill, which is the first one that will move, Border Adjustability . Which means you levy a 20 Corporate Tax rate, if that is the final rate that turns out to
be on imports but you dont levy that tax on exports . A lot rebate it. Rebate it to exports. Paul a lot of people, retailers say it will raise prices for consume isers. It is protection it. How do you respond to that . The truth of the matter a Border Tax Adjustment is a nothing policy. What youre doing tax on imports the is same thing as tax on exports. That is Learner Stem Mitry theorem. A tax on exports they offset each other. This is way to pandering to people who want protectionism without having protectionism. Border tax adjustment is not a problem, but tariff as a standalone is very serious problem. Paul but The Border Adjustment is first order of business until Exchange Rates adjust, it will raise prices for retailers who import their goods, walmart and others will it not . It could, it could. You will have an adjustment globally to the new Border Tax Adjustment. That is exactly what they do with the vat in europe. So it is very common practice to be done. I hope it buys off the protection its and gets them out of the way so we can focus on good things like tax reform and freer trade. Paul look it, on the trade side, youve got a lineup of people, Peter Navarro in the white house. New office of trade we havent had before. Bob light highser, a Steel Protectionist lawyer at Trade Representatives lawyer. Wilbur ross, another steel owner who is at the commerce department. That is a quite a lineup, very different line up of Trade People You Saw in the Reagan Administration or frankly in any administration in a long time. How much does it worry you . It does worry me. This is one economic area that bothers me. The bills have to go through congress. They have to go through the house and senate and committees. There will be a lot moved race there. The one thing really is true, the Trade Agreements that have
been done are really onesided and they really are bad. In japan, nontariff barriers, it would cost you 50,000 to retrofit a u. S. Car to be able to be sold in japan. That is protectionism in the extreme. You can see what it is doing to japan. Their economy is really the worst every. Paul exempt we dont have a trade deal with japan. That is the whole point to get the tpp to reduce the Trade Barriers and trump doesnt want to pass that. It excludes all the nontariff barriers and excludes Currency Manipulation. You know very well japan devalued the yen to explicitly improve their Trade Balance and which is a silly idea to begin with and hurts japan yet Currency Manipulation is excluded from these deals. What i would like to see china and include all these countries do a real trade one like kennedy round tariff, dropped all tariffs by 35 , something major
than awful little bills that have all the exclusions, all this stuff that makes no sense to my. Paul lets look ahead a little bit, art, to dow is now a little under 20,000. What do you see it going at end of the year . Do we see 22, 23, 25 . This year 2017 i think well be very happy if it is just up at all for the year. Paul really . Yeah. If you pass a tax bill, it wont really take effect, paul, until january 1st, 2018. Paul okay. That is when rates, if you know they have tax cuts next year, what do you do this year . Defer income and employment for a year. That exactly happened to us and reagan. We pass ad great tax bill that started on january 1st, 1983. Paul right. That caused the 8182 deep recession. So well have many so of those Delay Effects happening here. I think first year just to get their feet on the ground, get bills in place. Then i think by 2018, 19, 20, you are will see this economy skyrocket. Once it starts, you cant stop it. They will all join on board and it will be a race for the exit. It will be fun. Paul thank you, arthur, for being here. Good to see you. Thank you, paul. Paul still ahead, so how will democrats respond to donald trump and his agenda . Well get our first glimpse next week as the President Elects pick for some top Cabinet Posts face Senate Confirmation hearings. Or two scalps in the end. I heard schumer say we will cooperate on trade maybe infrastructure maybe so long public spending not private tax credits and closing the corporate the carried Interest Loophole Miner part of tax reform. I didnt hear a lot of willingness to cooperate on other things. What i heard was schumer saying so long as donald trump governs like a democratically we will did he happy to cooperate with him big question is whether that is going to last over time, trump is going to do things like on infrastructure and trade, that a lot of democrats are probably going to support are they going to realobstruct onin everything, i dont know breached pennsylvania michigan wisconsin brought to republican camp mainly for economic reasons, if he obstructs makes it did i to
say pass a tax bill, or get the economy going again, the general republican is not going to be aware of that in the they will blame donald trump, the president , he owns the economy. He said he would get things done as a matter of the same. Advantage schumer has 48 senators a lot 10 i think in 2010, red, 2018 trumps states scared. All he needs 412 democrats to have a filibuster and block my sense is Chuck Schumers bark worse than fight i think harry reed tougher the other guys i am not sure the same the problem at National Levy same problem that local Democratic Party has in some Disfun ShunnalBig Questions think of driven out saner people in the middle people left get hardened into policies if he has keith ellison, as head of dnc. Democratic national committee. Going to have a lot of problems. Endorsed ellison, schumer has i think going to have a lot of problems, within the party, and let me say not just, Chuck Schumer california hired eric holder, to represent them and fights anticipating, Eric Hold Heer was impeached didnt have a great record governing the shared in. I am not sure this is going to be obstruction thing going to play well may get few victories i am not sure going to help the party. Let me read the list of cab nominees chaeld Jeff Sessions bets. Education andy puzder labor Rex Tillerson state department, mull vein. Oandb, tom price hh. F. , mnuchin treasury mr. Brewit at epa any in particular, you think could be in trouble . I mean i dont know if one or the other will be in
trouble this is why they are demanding all pla hearings and questionnaires because looking for something that they might be able to pin on at least one of them and then they will surround that particular one and try to bring that one down they want to claim at least one of these nominees, but again, this the republicans have going for them bill makes a good point in their local state some senators that are up for election in 2018, five, by the way, in states where trump absolutely stumped Hillary Clinton nervous about being portrayed as people who are standing in the way of change, so you got guys like West Virginia joe manchin o improving some trump nominees, publicly, and i think this is what the republicans are going to hope for. All right contrast for 2009, republicans really didnt do much at all to stop at a democratic nominees even tim geithner had not paid all taxes still ahead another battle brewing on capitol hill
as President Elect trump narrows his list of potential Supreme Court nominees, and democrats hold open seat once held by scalia. There is yet a new standard now , which is to not confirm a Supreme Court nominee at all. [ crowd noise ] whoa. [ gears stopping ] when your Pain Reliever stops working, your whole day stops. Try this. But just one aleve has the strength to stop pain for 12 hours. Tylenol and advil can quit after 6. So live your whole day, not part. With 12 hour aleve. Life can feel like a never ending search for food that wont cause bloating, gas, or inner turmoil. Introducing pronourish. A delicious nutritional drink that makes a great mini meal or snack that has protein and fiber. And pronourish has no gluten or high fructose corn syrup. And is low in fodmap ingredients that can trigger digestive sensitivities. The search is over. New pronourish. Nutrition you can feel good about. Wall street Journal Editorial Board member colin levy with more despite the warning do you think President Elect is going to nominate somebody from his Campaign List . Yeah, i think he will, he has a really good list there there is a lot of strong conservatives, i think those were well supported during the campaign i think they really are very interesting, to the base, some of the great names out there, you know, bill pryor diane on 7th circuit. Right. Those are often discussed as two leader accounts but, as we can discuss there are also some other ones out there that maybe personally interesting to trump. Will anybody i mean schumer defines mainstream his own way, is everybody on that list out of the mainstream by Chuck Schumers definition. By chuck shoourns definition no question anyone nominated by republican president is out of mainstream; right . So either way this is going to be an epic fight, paul there is no question about
that. A. Paul bill pryor a federal judge for a longtime i think thank you favorite for a lot of people, because he has real long track record. As an appellee judge not going to be Daifrd Substituteer Play not be william you know, Anthony Canady republicans burned before i think prior is maybe the favorite what do you think . Yeah i think prior is the leading contender for the reasons you mentioned they know this is going to be a big fight going to have a really big fight might as well get someone they are sure is going to fill the shoes of scalia, i think though we should not discount diane, because she is also very, very strong conservative has a long track record has a great opinions on the 7th circuit, on the First Amendment, she wrote the opinion in wisconsin right to life, you know very strong First Amendment opinion very good Second Amendment decisions up holding heller, up holding the
constitutionality of firing ranges so she is a real favorite, too. Paul there are some other very, very solid Circuit Court judges on. Larson michigan Supreme Court something of a wild card on that Supreme Court for about a year did clerk for justice scalia, but her judicial track record isnt as wellknown also younger only 48. That is right for sure, she strikes me as someone would be great secondround pick if another opening coming up would i be surprised if she comes up this time track record isnt that long to many hardeman out of pennsylvania a guy sort of a working class guy, someone might just appeal to trump on gut level, neil gorsich very well liked by conservatives very strong Writing Style and just considered to be sort of a high wattage supersmart jurist. Okay. Someone that might be in
the mix. Kim what about this idea that the seat is stolen democrats are saying look, the republicans stole the set too because they never gave a vote to Merrick GarlandPresident Obama nominee since scalia died in february is this going to this is going to raise the temperatureture on the democratically opposition isnt it. It is, i mean this is going to be their mantra all the way through, that and justification for everything that they use to oppose republican nominee will partly be the Ideology Shuck Schumer said out of mainstream partly hey you he never had the right to fill this seat because you took it from us. Now, again, whether or not that washes, whether or not the pressure on some democrats grows to not obstruct what is by the any measure look, too this is important paul, this is a seat already held by a very conservative injuryist republicans will make that point, that they are simply
replacing one with not changing the balance of the court so some democrats might be wary. Will Mitch Mcconnell o have to break a filibuster by democrats for the first time in history for Supreme Court nominee. If democrats try to filibuster, say Bill Pryor Diane Filibuster is gone. There is just no way he can allow that to happen. Have the votes for that . There is Senior Republicans john mccain i think more concerned about the legislative filibuster the reason for being a scenario they will not be able to oppose it on the Supreme Court. Thank you all when we come back we will go from Cal Capitol Hill to College Campus critics say title nine is at which timed to style of he free speech deny due process could changes be coming with a new administration. Nch of owners just say, show me cars with only one owner find the cars you want, avoid the ones you dont
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paul turning from capitol hill to the College Campus next guest says Outgoing Obama Administration has used the federal Antidiscrimination Law known as title nine, to style of free speech deny due process in Campus Assault Cases the Executive Director of permission to for individual rights in education. Author of the book twisting title nine, so welcome. Thank you for having me. You wrote for us recently, that there are Kangaroo Courts on campus in dealing with these kinds of Sexual Assault accusations what do you mean by that. Well, campus courts, even though many times, they are trying to determine the same facts whether or not a Sexual Assault or harassment occurred on campus they have very, very
low standards for making those determinations, and part of that that low standard is driven by activity and mandates from the department of education. In washington, d. C. Paul all right, so as i gather they only require a prepreponderance of evidence basically completeness if 5050 case longest you get to 51 it is okay a very different standard than you would get in a general criminal court frequency. Is that is that the issue . Is that where it comes down to . Yeah, i think i think that is a big part of the problem, one of the the higher standard of evidence than preponderance one few Due Process Protections that students at so he will colleges were able to count on, before this 2011 Deer Colleague Letter that came out with this mandate we think, and we are actually involved in a lawsuit saying it violated the Administrative Procedure Act putting that mandate in place. And so what is happened now
colleges can be far, far less certain of whether or not a assault occurred or even whether it is they got the right person for the assault and still punish them. They have to do that because they life in fear, that if they dont do that, the administration the Antibody Administration will crack down on them Obama Administration will crack down punish them denying them federal monif they get a big controversial Case Government doesnt like. That is right the punishment is actually the withdrawal of all federal funds, the punishment that would be a dependability Death Penalty electromagnetic every university gets Pell Grants Loans so scary it never has been implemented before because a worry that if they dont follow these dictates that is going to happen to them. You would agree i assume Sexual Assault is a problem on
some campuses you are makeing about young people here young men in particular, some of them not very mature how do you i think the administration would say look we need this tough standard to be able to stop what is the rampant problem, on College Campuses what is your response to that. My response is that Sexual Assault is happening on campus that is really a matter for Law Enforcement. These are series crimes, they deserve Certifyious Investigation to conduct in competent way last count 130 lawsuits from students feel thick leff been unfairly found responsible for Sexual Assault on campus vast majority of whom were never prosecuted by police or outside Law Enforcement who ought to be investigating. Your organization is helping with lawsuits how are they proceeding in court are you winning those or is it too early to tell . Well, too early to tell
there has been a lot of motions backandforth, so we will see how that goes forward but we are in view offed in one case, particularly, you targeting that mandate for the department of education. If you were so your betsy devos new Education Secretary lets say confirmed you come in what do you do to to stop this . Do you how do you send a signal that this is going to stop you are going back to gis preobama standard . Well, because they didnt actually go through the proper procedure to get these written as official regulations actually simply as sending out a new Dear Colleague letter saying we withdraw preponderance Mandate Aspect of 2011 Colleague Letter they also need to revise the way they are defining Sexual Assault harassment right now so broadly over hearing a single dirty joke technically Sexual Harassment on campus
there is no way sustained under constitution they know that augmenting to stop Pro Mull Promulgating that. All she has to do is send guidance saying, that what you got that letter you got in 2011, and standards that the Previous Administration had done enforcing no longer apply. Is that is right, and it is you know while while it is sort of simple not going to be easy i think there will be a lot of political pressure, on them not to do that the right thing to do, and you know it is will send a Signcolleges Oug to come up with their standards do it best on campuses with Law Enforcement. Thank you, good to have you here one more break, when we come back hits and mais misses of the week. Stung 76 homicides 47 increase more death than l. A. And new york combined. This is also the city that began 2017 with the abduction of a man he was beat he and showed this on Facebook Live this is a testament the war on cops is working. The police are backing off, after all these politicized attacks leaders in cities increasingly deserve to give an explanation, to be residents that you are living in wartorn ghetto zones. Thanks, kim. Bill. Hit to all former president s you know for a while looked like none of the president s going to attend the inaugural we learned they will all attend except george h. W. Bush not well enough to come, these are important moments when you have a ceremony, and we should be grateful for all
for this note. Bravo to Hillary Clinton saying she will attend. Colin. Paul good news in ohio this week Governor John Kasich signed a law to citizens cant have property confiscated without being convicted of a crime, these Civil Forfeiture Laws A favorite tool of ptsdz like to use them to shore up budgets that has come at expense of due process and justice so kudos to governor kasich for getting rid of it. Thanks, dan. Paul, i am getting a hit to 10 Senate Democrats i admit a little bit like a Solar Eclipse nonetheless these 10 voted for Senate Measure repudiateing Obama Administration abstention from u. N. Security Council Resolution condemning israel settles, this is good on merits but paul also suggests, 10 democratically votes that obamas legacy could be in peril on other things if visit iran nuclear deal. All right remember, if you have your own hit or miss be sure to tweet to us, that is