I will try to pick up the baton here. Dont know if any took a peek at the New York Times. They view the whole tax cut, a total waste of time. Benny to the wealthy. This is not just New York Times. Playing out in one mainstream publication after another. Always gets left furious. Trump under fire over huge tax cut for the rich. Billionaire friendly tax plan. Trump opposes giant unfunded tax cut for himself. Then there is the issue of mainstream broadcast media. What they had to say about this. Take a listen. Proposed cut Corporate Tax rate focus after the love attention tonight, among the prime beneficiaries businesses like president rumps. On paper everyone in for a break. Personal income taxes. Corporate tax, savings for the rich and dead, but nothing how to impment ioray for it. Neil did you hear that, for the rich and dead, the la latter reference to the estate go away. Dead by the way already paid taxes so their heirs are taxed again. How is that for for a zinger . Does tax plan help trump and rich . Is that part of the debate. Did we go through this for john kennedy propose attacks cut materialized after his death that significantly goosed the economy . Here to debate all this extrump visor steve cortes. We have democratic strategist, tom baer. Tom, im sure you of the view loyal democrat that is a bit much, im sure. I dont know if its a bit much, bit little, emphasizing the media in this case is particularly inept because the media doesnt need any help at all opposing this. The republicans are opposed to it. This is not going to get through. Neil all republicans are opposed to it . I didnt say all republicans but a lot of republicans are opposed to it in both the house and senate. In the house it is particularly acute. They have to face the voters in 28 teen. Neil if republicans opposed it, ones concerned worsen the deficit not so much who it is targeted, right . That is correct. I think blow as hole in the deficit, trillions of dollars. What are we back to i think it is odd hearing a democrat blowing a hole in the deficit adding to the dent that grew 10 trillion. You are talking to me. I only dont have a label but i have a brain and frankly there are other element that are odious, which neil wait a minute you cited just now the debt and now you dont like, many will mention the same thing. But i find it odd the same concern wasnt there, maybe you particularly had it, but, democrat were largely acquiescing increase in the debt . Its a question of degree here. Sometimes the debt goes up and sometimes it really goesp. T this is blows a hole in the deficit that democrats, liberals, republicans should oppose. There are other elements of it. For one thing, it is not reconciliation because of into the future years. And so that it cant pass the senate. The question is neil, why are we spending our time on this onepager, which is a lot of aims but no specifics, when in the ordinary, regular order, we can sit down and create a needed change in the tax laws . Neil well the blueprint, go from the blueprint, house ways and means committee. Your point is welltaken. Steve, let me go to you what you make of this. He is right to say there are some republicans are concerned, unless these are paid for, republicans are going to compound this debt that grew mightily under president obama but will grow even still more and this is not the way to do it. Others simply say, wait a minute, whatever shortterm hit we experience well get more revenues down the road. Where are you on this. Neil, first i would say, compliment i give the Mainstream Media and left they are unembarassable. Incredible to me they are becoming deficit hawks after an administration which doubled the federal debt, administration which was fully support it. Neil do you worry about the aspect, steve. No, i dont. Neil short term it will add to the debt. We cant be pennywise and pound foolish. The only way to solve our debt problem, and it is a problem long term, only way to solve it through serious economic growth, something we have not had in a decade. The math doesnt work any other way. Neil what about entitlement growth. Neil, you and i know entitlements are not on the table, not on the table for republicans or democrats. If you dont attack entitlements, is Discretionary Spending isnt big enough. Neil if you dont attend to growth in spending republicans or democrats this could be exercise in futility, right . Two things. Discretionary spending this president put forth budget parameters which are aggressive cutting Discretionary Spending on agencies which would be cut in many ways. Albatross on america, epa which are restraining economic growth. On top of that, if we get growth which we need, 3, 4 growth which this president promised and i believe will deliver to the American People, faster growth solves so many problems, societal problems, debt problems and budget problems. This is blueprint is all about growth for the American People, it is why they elected him. Okay. Neil, let me just say, there are issues that relate to growth, that are very important, but my point is a simpler point, and, it is not inconsistent and that is, it cant pass. Now, if this is an intellectual exercise neil i wouldnt be so sure of that . As currently proposed, it cant pass. Im not talking about the house. Im talking about the senate. Since it cant pass, or is highly unlikely to pass, what is the point of having these intellectual arguments as neil you dont know that, right . You dont know that. I think they said about the same about Ronald Reagans tax cuts in the 80s unlikely giving sweeping nature they would pass. Well the answer is excuse me. Something will pass, and should pass. Neil but you dont think it is this. That is the point. Lets get to work on it. Neil your counter to that, steve . I think it can pass and it will. This will appeal to democrats, particularly 10 Senate Democrats who have to run for reelection where trump won. Neil i dont think you will get one democratic vote. This will keep in line with fractured nature of washington these days. Either all republican or not. I dont see a democratic vote. But i would be pleasantly surprised. Youre confident it will. You could be right. I think well get democratic votes. The reason why i believe, i think you will have pressure from lab bore Union Leaders say you know what . This plan makes a ton of sense, particularly if we involve infrastructure in whole negotiating process. It make as ton of sense for american workers. Neil middle tax cut leave evil rich like guys likes steve, would you be okay with it . There has to be tax reform and it has to induce neil that is not what i asked, if it was for the middle class, just middle class not upper income. No. I think we need, the one point about this is really not tax reform. This kind of oneoffs here there and other place. We are all interested in tax reform. Our Internal Revenue code is disaster. Its an enforesment is even worse. That is the middle class. Neil all right. When you have something goes whole hog doing away with the, the alternate minimum tax, estate tax, i dont know of hi hod carriers or teamsters or workers or labor unions. Neil alternative minimum tax was rope in billionaires around hundred millionaires and now it is taking upwards of 10 million americans. That is true. Neil maybe they had to address that well see. Jury is still out on this, but,. Ill say. Neil the battle is on. Gentlemen, thank you both very, very much. Thanks. Neil to that point how this all fares out, i had to chance to talk to House Minority whip steny hoyer, he says this is deficit busting going nowhere. Listen are you confident or do you see the possibility that some democrats can vote for these tax cuts . Not now, neil. They estimate the cost the atrillion dollars. And 6 trillion. Neil over 10 years. Over 10 years. That is 600 billion a year. Essentially what theyre saying it doesnt have to be paid for. Neil now to republican senator john barrasso, middle of all this, not Republican Policy Committee chair. He is very, very important person to navigate all of this. Senator, you might have heard what prior guests were saying. Steny hoyer saying deficit bust egggoer nowhere. That is a little rich from democrats, piling up debt from administration of all stripes. What do you make this will be a tough sell to members within your own party . Well were all of tax reform. When i think of tax reform i think of lower rates and simpler process. That is what the American People want. We want to get the economy moving. Growth does a lot. I want to see details. We dont have that yet but the best news i had in wyoming standing in line behind line at store. Buddy came in, how are things going . Great. People are hiring. Get people working, tax reform is the way to do it, to incentivize people to make investments, get people back to work. Have people keep more hardearned money, decide what to save, what to spend. What to invest. I want tax reform. Neil to democratic point there might not be republican votes, even though you guys control the senate in the house, albeit in senate by tenderest margins, it would be tough to argue members revenue neutral right from the getgo. Could that be a problem . For some it may be. We need to see the legislation, get writing. Get a score on this. Well all make our own decision. But you have a united group of us who want tax reform. Neil but is it enough . You have 5248 margin in the senate there. You cant afford more than a couple to peel off here, right . Do you think you have got the numbers . Youre quite right, senator, remind we dont even know what were dealing with here. Broad parameters of a big tax cut, might, might as things stand now, not revenue neutral at least in the near term. Do you think all your members would be in agreement to deal with that, swallow, that and move on . Well. In the senate it would be an open amendment process. People will bring amendments to the floor. Neil sure. To try to improve it. To strengthen it in ways to help stimulate the economy, stimulate investment. Getting people back to bork, higher paychecks, all of those things to help economy. Way more tax revenue is in, more people working not by higher rates. I like what the president is promoting. Lower tax rates all across the board. A fewer number. Three different tax brackets. Continuing to preserve on of the deductions important for charity and real estate. Eliminating the death tax. These are things very popular. I think things will encourage more investment in the economy. Neil all right, senator, thank you very much for taking the time. Well seal how how it goes. Still early in the process. The timeline by the way, on a lot of this, folks, a late summer sort of a start on this in serious momentum here and have a vote in the fall. Couple of openendedded developments would be whether retroactive to beginning of the year. Whether a fight over some of these deductions that might phase out especially for those who write off state local taxes which in high taxed states like new york and california and new jersey, that might not be greeted so favorably because already, the complaints are piling up in those same publications which i was alluding, many in the Mainstream Media from the getgo, too much taxing, too much a waste of time. Well have more after this. Why pause a spontaneous moment . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. Predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement development. A lot of people are talking about the great things happening in argentina. President macri chairing g20 summit next year in bain buenos. I think ive been invited by you. I dont done a long time. We look forward to being there. But the incredible check path that argentina is now on is something for, the world to watch. I know an important part of president macris campaign was promise to increase security in argentina. I promised him were going to strengthen our partnership to combat narcotics trafficking, money laundering, terrorist financing and corruption. The risks of our increasing dependence on the internet, president macri and i agreed to launch a new Bilateral Cyber Working Group which will help the protect security and economics of both of our countries. We will work on our that very hard. Our companys Internet Users and global Cyber Community will all getting together. Well be working diligently. Its a great day, two friends, friends known each other many, many years, i wont tell you how many years, i knew him when he was young. He knew me when i was pretty young. And we know each other well. And it is a great honor to have you and your representatives here with us, mauricio. R. Preside [speaking in native tongue] [speaking in native tongue] neil all right. Donald trump will speak shortly. He is speaking spanish. I pass along what he said. You have Business Network and were big admirers of that network. Nonstop live coverage on the economic and Important International developments. I have no idea what he is saying here. But this is a very important relationship and these two leaders go back, close to 30 years they have done business with each other and number of transactions, back in their private corporation days. Financing as well, a number of real estate deals, not directly with one another but part of the same. So again this comes at a time when of course this whole north american freetrade agreement is being call the canadian, mexican leaders are not too happy with what they seem to be thinking as abdication of that deal on part of the president and rescinding that deal. The president said that is not the case. He is not rescinding the deal. He wants it renegotiated. Well have updates from canada. Canadian Prime Minister trudeau said he thinks he can work this through without this erupting into something more severe. This nafta agreement itself woultually include the entire region of latin america and that argtina would have been a beneficiary as well, but again, critics came to the point, those in the Labor Union Movement in this country came to the point, they said it was disproportionately helping others and not the united states. Back this meeting. Reporter time frame in mind nafta renegotiation . It will be sometime soon. Thank you. Thank you. Thank you folks. Thank you very much. Neil that is english for thank you very much. President acknowledging, stating obvious from his counterpart from argentina he is too is a big fan of fox Business Network. I will get angry email. He didnt say that. Prove it. Meantime, weve got former bush 41 Campaign Advisor mark serrano, Jonathan Hoenig on this nafta deal being renegotiated. The canadians are optimistic, jonathan, means the agreement isnt shelved but reworked. They better hope so, right . What do you see happening here . Americans should hope so as well, neil. You cant be a little bit pregnant. Youre either for free trade which is freedom or not. Historically in the last couple days the president is not. For fair trade like john edwards or leftists. He is for smart trade like obama was. Weve seen it so far in lumber, in milk. I really fear, neil, canadians should fear he is making same mistakes of Herbert Hoover who turned stock market crash into the Great Depression through protectionist trade policies. Neil mark, obviously the president is taking a different tack on this. He thinks what has been onerous to american businesses this is his opinion, canadians will try to correct, mexicans will try to correct, will they . Obviously these things, tension escalates and gets worse. If you believe in free markets, nafta has to be fixed. You look at manufacturing jobs lost in our 63 billiondollar trade deficit with mexico. That is not acceptable. Why do you still have nafta with a tremendous trade imbalance . What the president is doing, employing art othe deal. Within of the 11 principles is know your leverage. What did he do . He put tariff on softwood lumber. After threatening to scrap nafta, what happens . President s of these countries call him saying dont scrap nafta. Lets renegotiate. He is winning on trade because forced these people to the table to fix nafta. That is the best thing for our economy. Neil i do worry though, kind of to jonathans point, mark about danger of renegotiating international agreements, whether its immediately justified or not because then wont other countries start saying all right, they renegotiated this, they will renegotiated this, cant take americans at their word when they sign a agreement, another president comes in undoes the agreement. Know what i mean . If you fix an agreement, there is greater trade balance it will be good for both parties because we continue to do trade with them. Otherwise we shutting down our markets through these tariffs. That is not good for anybody. I dont agree with that. I think well have a better deal. Neil jonathan told me to ask you that. Let me ask you, jonathan, the canadian Prime Minister said, there is flash, no question, broad range of options available to canada in terms of trade retaliation. It we were to work collaboratively with the united states. This on the heels of the president going africa canadians on lumber i wonder where this goes, what do you think . There is basic miscon songs, neil, trade is always winwin. The president is coming in with a force. To marks point, force is taxes. That is all the president can do. This is Central Planning this. This is somethi