Hearing Shep News Today

I respect her family. i certainly respect ladavid who i called him ladavid from the beginning. they put a chart, ladavid. it says ladavid johnson. so i thought from the beginning, theres no hesitation. one of the great memories of all time. no hesitation. i think shes a fantastic woman. i was extremely nice to her, extremely respectful. >> what the president was talking about, when you make the calls, he does have an informational card in front of him that gives him points about the person w...

Were giving you can choice. >> one line of attack, the tax reform package will cause the deficit to explode. >> mr. speaker, see the math of your own budget. there aint no deficit reduction. youre only increasing the national debt. >> a vote on the budget expected tomorrow assuming it passes. were told we should see the fine print of the tax reform package a week from today, shep. >> shepard: thats before they vote on the tax package or after? >> no. were supposed to see the paperwork a week fro...

They also stress north korea must demonstrate a dramatic change in behavior before the u.s. would negotiate. >> they are not showing us that theyre interested in sitting down to talk. our position on this hasnt changed. it was the same last week and the same the week before. they need to show us that theyre serious. >> state department officials say the conversations with north korea began earlier this year in the process that freed otto barnbier, the american from ohio who died when he returned...

Thats where we are. >> so clearly sounds like theres wheeling and dealing going on on the final tax reform package. shep? >> shepard: if you pay state or local or municipal taxes, once you pay them, that amount is deductible from your federal income tax. theres discussions about doing away with that deduction. do we know where we are on that? >> that sounds fluid as well. one estimate is by doing away with that, you can generate $1.8 trillion the next decade or so. lawmakers from new york, new j...

>> yeah, well get details. hopefully in time to do thorough analysis. theres big ticket items out there that were looking at. you talk about deducting state and local taxes. we heard the president said earlier today, he wants to protect the 401(k) tax exemption. theyre all big items. changing one, removing the other, modifying or whatever, were talking about hundreds, thousands of dollars for the average family. >> shepard: tom from the associated press. nice to see you. >> thanks, shep. >> shep...

Does feel compelled to make the calls. the one thing i should have asked him, does he intend to make more calls. well save that for next time. shep? >> shepard: thanks, john. now back to tension between the president and a couple members of his party. a day after announcing his decision not to run for re-election. jeff flake says hes not ruling out running against the president. >> are you open to challenging him in 2020? >> thats a long way away. im focused on next 14 months in the senate. maki...

>> shepard: that wasnt a rule-out. senator flake said he did not vote for president trump in november but he didnt vote for hillary clinton either. peter doocy with the news on capitol hill. jill stein? who is left? >> i remember hearing shep around the time of the election that he would vote in evan mcmullen. but mcmullen, not the president, who is trump, the big reason that flake says hes stepping down. his republican colleagues are telling news the hallway, they still need flakes votes for th...

That a short time ago. heres his response. >> 401(k)s are very important. theyre important because thats one of the great benefits to the middle class. i didnt want that to go too far. thats why i ended it quickly. >> kevin brady said this morning, it could be on the table. >> maybe it is. maybe well use it as negotiating. trust me, that is one of the great things. you know, theres certain elements of deals you dont want to negotiate with. 401(k)s -- kevin knows it. kevin brady is fantastic. he ...

Policy positions on tax reform, the. believes that senator flake and senator corker will do the right thing and support tax reform, shep. >> shepard: the president talked about something that a lot of people have been curious about. that is how the tax plan is going to affect peoples 401(k) retirement accounts. >> this is what actually ignited the feud yesterday between the president and senator corker. monday morning, the president sent out a tweet saying that 401(k)s, which some people have be...