The nations purse pursestrings for the last four years. Jack lew on low on what might get the democrats on board and whether we will seek tax reform this year and if the dollar is heading for a rally or collapse we have a foxbusiness exclusive. The death toll is rising in the floor to keys as fema arrives on the scene but a source on the ground telling countdown that the human toll and the disturbing news we are getting on the florida keys chaos gasoline shortages are making that return trip back home a major ordeal. A man who represents 10,000 Convenient Store gas stations. Today, we are off to the apple store down on 14th street in new york city to find out what that diehard apple fans really think about dropping a thousand dollars for a new phone. All of this as the markets teeter to and fro around new record closes. Despite technical term here. Lets start the countdown. We are just getting word that the president has just greeted and spoken to a Bipartisan Group of house members in the white house right now. And as soon as we get what is called the tape turnaround we will get that to you. And the minute anyone of the participants in that meeting democrat or republican comes out they will come to the microphones that are in the driveway. Weve a shot right there. The cameras waiting there. Like a moth to a Flame Congress people tend to just gravitate if the press secretary Sarah Sanders respond to a question right now about whether he would bend on democratic demands that there would be no tax cuts for the rich this i get very interesting. Sanders just seen a few minutes ago the president s focus has never been on tax breaks for the wealthiest its always been on the tax cuts for the middle class. We are laser focused on stocks as they attempt to make history once again. Less an hour to go to the closing bell. Any gain makes it a record close. Be sure to stay with me throughout the entire hour. Fiftyseven minutes before we see that happening. Right now apple is more of the biggest losers. Apple is down about one and a quarter percent. It also has us heaviest rating on the s p. You see it toggling between green and red. It will set the path of technology for the next decade investors perhaps seen that as a bit of hyperbole for the moment because the delayed shift that they mentioned yesterday of apples new iphone. 101. 91. The retail and darling might be off the market no more jwm. That is a weird ticker symbol. Maybe it will be off the public market. They are jumping off the news by more than five and four tenths percent. They are in talks to raise 8 billion to buy a 68 stake already controlled by the family. President trump wasting no time exhorting congress to get on the stick and push through text reform. After months of resistance from both sides of the aisle now he is breaking bread and dining with the dems right now hes got the Bipartisan Group at the moment. His house in senate hosting senate and House Majority leaders. Just then we saw that confirmed from Sarah Sanders. We are about 60 seconds away from the sound of the president from inside that meeting but give us the 552nd assessment here. Here is the bottom line. From Sarah Sanders. There was a lot of pushback as to why is President Trump meeting with the top members of the Democratic Party at the white house tonight over dinner with no Top Republicans there. There was question after question on the and sanders pushback by same look President Trump is the leader of the Republican Party plain and simple. She even tried to make the argument at this point has done more for bipartisanship than president obama in the last eight years he was elected to bring people from both sides of the table. There is no doubt a concerted effort from this white house to learn from the failures of the obama care repeal and replace. They realize they might have to get democrats to the table at least as it relates to votes so the president well have democrats with him at that dinner table. This tape is just coming in a President Trump but the Bipartisan Group. This Bipartisan Group of democrats and republican lawmakers to the white house and we are trying to work things out together. As a positive think and its good for the republicans and the democrats. This group knows that very well. Whether we can do incredible things with what were doing in the bipartisan traction would be a positive. I think something that we all feel good about. I want to think them. He was there right at the beginning and i really appreciate it. For helping to organize this very important gathering the whole concept of what were trying to do is very important. Inspired by the example of our own citizens we should be able to come together thats why i was elected and thats why iran. And to provide jobs and opportunities to millions of struggling families. This includes tax reform that is per jobs, progrowth and profamily and pro american. Its very simple. We had four with four principles for tax reform. Taking the tax code simple and fair. Cut taxes substantially it will be the largest tax decrease in the history of our country for the middle class. Encourage companies to hire in grow in america and by doing that we are going to have to reduce the taxes for companies. Right now at 35 percent. In china is at 15 and we wonder why are we not competing well against china. That doesnt work. And bring back trillions of dollars overseas that we will bring back and we will bring them back quickly. So that this is money that everybody has agreed to bring them back for years but it never gets done. Were putting it down as part of our tax proposal. Another bipartisan project that is needed is infrastructure and infrastructure investment. Washington has allowed are at the structure to fall into a state of total decay in disrepair and its time now to build new role roads bridges and railways all across our great land. When we set aside our differences and it is amazing sometimes how little the differences are we put our country and we put the citizens of our Country First and thats what this is all about so we want to have a great new tax cut in tax reform simplification and massive cuts and we want to get our country working again. There will be nothing that can stop us. On top of that we will be discussing a little bit of healthcare i know some information has come to light. Ultimately we have some democrats we do want to do something very powerful with respect to obamacare is not worked. The rates have gone through the roof. The numbers that you look at no matter where you go and where you look healthcare is failing in our country and we are going to get and change and get a change fast. Infrastructure will be talking about and we will probably be talking about daca because we dont want to forget that. Its already been a week and a half and people dont talk about it as much. We want to see if we can do something with that in regard to immigration and a hundred thousand people that are now young people. Will see if we can do something in a bipartisan fashion so that we can solve the problem and other immigration problems. Tonight i will have to dinner with senator schumer and nancy pelosi and we will continue some discussions. A lot of things in the fire but i think right now first and foremost so that we can can beat again. Especially in light of the fact that we have to massive hurricanes the likes of which our country has ever seen. One was the biggest ever in water and one was the biggest ever in wind. You put them together and whip devastation in texas and florida. In other parts of our country by the way. I think weve gotten very high dash mckay marks with the way that we have handled them. They were big and powerful and is very unfortunate because of that more than ever we now need great tax reform in great tax cuts so we are here as is a group bipartisan to see what we can come up with. Thank you all very much. I appreciate it. [indiscernible] im a conservative. And im not skeptical if we can do things in a bipartisan matter that will begin great. It might not work out. But i think if we can do in a bipartisan matter. In some and some of the greatest legislation ever passed it was done in a bipartisan manner. Thats what were good to give it a shot. To see what we can do. If it doesnt work out great. Hopefully we will be able to do it anyway as republicans. [indiscernible] we want a 15 rate. China and other countries are. We will be able to compete with anybody. Nobody will be able to touch us. We would like to see 15 . Thank you very much. Much lower than that for individuals. In the rich will not be looking at all with this plan. Looking for the middle plaque middleclass and jobs. And were looking at jobs. I think that while wealthy will be pretty much where they are. If we can do that we like that. We are looking at the middle class and we are looking at jobs. Thank you very much. Did you just hear that it was almost the most crucial part saved for the last. He is giving a nod to exactly what democrats have said in the past that they would not entertain any tax reform plan if it includes tax cuts for the wealthy. I dont think President Trump couldve been any clear on that. Quote from the present. The rich will not be beginning at all with this. That is quite a statement from the president as some have been wondering now that he is engaging in discussions or at least conversations is probably a better way with Chuck Schumer and nancy pelosi who are behind the not 1 Penny Campaign what might that mean for the wealthiest of americans if there is some sort of deal is struck with the president. He would like to have a bipartisan deal. Two things on that. A few weeks ago give or take i ask Sarah Sanders that during the press briefing. At that time a few weeks ago i was told that he wants tax cuts for all americans meaning whether you make a lot of money or not. Today at that press briefing im not sure if you sought or not. I ask her a different but similar version. With Chuck Schumer and nancy pelosi made it mean that the wealthiest might not get as deep as a four. Thats what the predatory is priority is for the middle class. As we are getting closer to all of this and were hearing from the white house and specifically from the president if youre part of the wealthiest maybe you might not get as big a cut after all. And maybe you may have to pay more this is fascinating but he was transit on the 15 rate for the corporations so maybe that is the quid pro quo we with to run we do have a heartbreak here. We get reaction exclusively from the former treasury secretary jack low. Im vern, the orange money retirement rabbit, from voya. Im the money you save for retirement. Whos he . Hes green money, for spending today. Makes it easy to tell you apart. That, and i am better looking. I heard that. When its time to get organized for retirement, its time to get voya. You know win control . Be this guy. Check it out selfappendectomy oh, thats really attached. Thats why i rent from national. Where i get the control to choose any car in the aisle i want, not some car they choose for me. Which makes me one smooth operator. Ah still a little tender. vo go national. Go like a pro. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Let as listed to what President Trump just said to a Bipartisan Group of house members he was meeting with them at the white house in fact its still going on right now but it was specifically most about tax reform and he dropped quite the verbal bomb. It would bring us to a level where china and other countries are. We would like to see 15 . Thank you very much everybody. By the way lower and lower for individuals. And much lower than that for individuals. The rich would not be beginning at all with this. Are looking for the middle class and were looking for jobs. For the middle class and jobs. I think the wealthy will be pretty much where they are. If weave too g higher we willo higher. Looking at jobs. Thank you very much. The former treasury secretary jack lew is joining us. That is exactly what the democrats have asked for to at least come on board. It looks like the president is really serious about getting something done. Doing tax reform as hard. Its not a surprise for anyone. In order to have the real tax form. You to be able to take on some vested interest. Otherwise you end up making a mess of the fiscal pit shirt which weve seen before. I think democrats are very much white right to be saying that. You give them props though for what he just said. I think the idea that the way to lower rates is to make sure that you pay for it. I didnt quite hear him say that. That is to meet one of the core principles. I think the idea that the system already is more generous to the very wealthy then than is to others. At something thats very real. I hope he means what he says about the taxes for the rich not going down. Any rate across the board is can have a tremendous amount. He has been pretty specific out those are the people who are higher workers. The idea of cutting the Corporate Tax rate. The way to do that is to close loopholes and pay for it. Its very hard and expensive. We came to 28 . Getting to 28 customer a trillion dollars. Cost much more than that. How are you pay for it. As soon as President Trump have tweeted out. It was leaked from a private meeting. That september 25 he will have some type of a framework framework is a squishy word. He made it very clear that the budget has to come first. The budget of course is the tax reform. They obviously want to do the budget reconciliation so that i can roof to the reconciliation tool which would allow the house certainly to pass it and then moved on to the senate for only 51 votes it sounds like he doesnt want to bring democrats along. To give to make a choice. You put together a very different proposal if your goal is to do it with one party support. And to me bipartisan support does not mean picking up 12 or three. It means working with the leaders and what will bring a significant amount of support from the other side. There are four principles that ought to govern how tax reform is done. At least it is progressive when were done. It has to be paid for with revenue. The scoring has to be honest. It will blow a hole in the deficit. We ought not to open a new loopholes. The way that they have proposed. Its very expensive and could create an enormous loophole. We will take a quick break. It is considered welfare for the wealthy. Stay tuned we are back with lew. 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Com amlp back now with former treasury secretary jack lew. Pretty much a very meaty bombshell. He wants to see this. A budget has to originate and so as we look forward to loopholes which he just mentioned yesterday Steven Mnuchin said we are going to get rid of this socalled loop full loophole he said he would get rid of it for hedge funds but they are not our really the ones that use it. Private equity uses it way more. What did you make of that omission. When i was secretary we were proposing to eliminate it. We did not succeed. I think technically charlie is correct but you have to hold something long enough for something to qualify for that. Its not the principal target. I actually think the issue is not just carried interest it is the broad structure of our tax code which has really been quite lopsided for many years. There is discussion now about relaxing the estate tax. That is not your mom and pop business. Some people dont look at it is that government showing up at the burial ground. The reason that the tax is so generous to people. Right now if you inherit something and someone paid a hundred dollars for edits were worth a million dollars. Thats where a lot of the wealth in this country is at. That is a source of political and socia