At a rally in cedar rapids, iowa. In South Carolina ralph norman held Mick Mulvaneys seat. Nancy pelosi under fire down playing this weeks special elections. Take a listen. By all accounts, if youre a republican, this is not good news for you, it shows where the as a rule washington vulnerability is on the republican side. David joining me dan henninger, bill mcgurn and mary kissel and dan freeman. I love nancy pelosi, maybe you can have one victory but four in a row, thats kind of hard to take. Yeah, the old saying goes, four more victories like this and we are undone. [laughter] why is nancy pelosi a savvy politician saying such ridiculous things and i think the reason is because she has nothing else to offer. What they have been doing in all of these elections is teeing it up on referendum on donald trump and since the election, the democrats whether in washington or anywhere else have been running solely against donald j. Trump. What we discovered in georgia, thats not working. The democrats have to come up with Something Else and at the moment it is well known, they dont have much of anything else in terms of substance or policy. And bill, the question is whether they need somebody else, and particularly somebody other than nancy pelosi. Donald trump is having a field day. He sent out a tweet pleading with her to stay, lets put up the tweet if we can essentially, please let, i certainly hope the democrats do not force nancy p out, that would be very bad for the republican party. Please let crying chucky stay. [laughter] he set up a race as special election. Arrogance of the democrats running a guy who didnt live in the district and so forth, youre going to get donald trump gloating when hes vindicated. Hes going to fun with this. In fairness, i say nancy pelosi herself isnt the problem and if you look at how they played her in the election of the republicans it was San Francisco values, so the problem, i think, the democrats have so twofold. On the one hand they have liberal values that are not the values of most americans, america is a center right country and doesnt play outside San Francisco. Second, whats their strategy . Resistance. Its just not its not a persuasive thing. I dont think theres anyone, maybe, jon ossoff doesnt live, anybody who cares about the Russian Investigation of trump, if you look at the if you take donald trump and Hillary Clinton and nancy pelosi out of the equation, the democrats lost a thousand seats. Extraordinary. Thats not because republicans are geniuses, its because americans are saying what youre offer asking not for me. They thought that was a winning thing even though that brand, by the way, the trump name has made billions of dollars for the trump family over the years, it was part of the reason he was elected, but now some democrats are having second thoughts about beating up on the brand itself. Democrat tim ryan who we should mention is looking for Nancy Pelosis job came out with an interesting comment saying that essentially the Democratic Party is now more toxic than donald trump to which you say . To which i say, again, its not just the brand, its the ideas that are behind the brand and essentially the Democratic Party is a party of coastal liberal elites. A third of the house delegation is from new york, california and massachusetts and im waiting personally for the Democratic Party to rediscover its inner bill clinton, you know, the pragmatist, the guy who doesnt just resist, who identifies with average americans, who doesnt just want to spend money all of the time, who could get on board with Something Like welfare reform or a pragmatic fix to obamacare. I just dont see those people in the Democratic Party anymore. Jon ossoff tried to go there late in the campaign and nobody believed him. If four losses theyve had is two of those candidates, the democratic candidate on the left of the spectrum, two were trying to convince people they were moderates and so they dont succeed no matter which ideology they try to use. I think they do want to rebrand, a more moderate image but they do have the challenge and the reason nancy pelosi is still the leader in the public face is shes the greatest fundraiser in political history outside of president ial candidates, she has pulled money in cities like this, la and San Francisco. So are they really going to turn away from that funding constituency more toward a voting constituency . And thats not an easy thing to do. Well, dan, one point is this may stop the obstructionism, at least the democrats seem to realize that just being obstructionist, having no message, just being antitrump doesnt win elections. Yeah, it might at the senate level. I think they are pretty dug in over in the house but at the senate, you know, moving forward to tax bill, its possible that some of the democrats that are on the bubble, heidi, in north dakota john and in indiana may decide they have to move towards the center. If the economy is strengthening and if the republicans do pass the tax bill, give another booster shot to the economy, the democrats unless we have been saying here in the past five minutes come up with something stronger, they could have a really difficult time in 2018. Bill, very quickly, incentives matter whether youre talking economics or politics and the one incentive that politicians have above all others is getting reelected. If they try obstructionism and doesnt get them elected or reelected, they are going to turn to Something Else. Yeah, although i think, look, Something Like 95 of guys get elected. Now we have been so polarized that a lot of people are in semistate seats and so forth. Mrs. Pelosi, she doesnt have to change. Her seat is safe. Its just not going to play. They freaked out over a guy running in the mayorial primary. Very interesting task. When we come back as the gop tries to push ahead with its agenda, Senate Republicans releasing their Health Care Bill details coming next [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. When heartburn hits fight back fast with new tums chewy bites. Fast relief in every bite. Crunchy outside. Chewy inside. Tum tum tum tum new tums chewy bites. We rbut we are not victims. Ack. We are survivors. We are survivors. We are survivors. And now we take brilinta. 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My heart is worth brilinta. If you cant afford your medication, astrazeneca. May be able to help. Republicans believe we have a responsibility to act and we are for our constituents, for our states and for our country. David Senate Republicans released a much anticipated discussion draft of the Health Care Plan on thursday seven weeks after the house passed their own plan to repeal and replace obamacare. So whats inside the senate bill and how does it differ from the houses version, lets ask troy, former deputy of secretary and Human Services under g. W. Bush. How would it change obamacare . David, thanks for having me on. In contrast to nancy pelosi as youre saying with day one is not victory, they want an actual victory, how this would change in contrast to obamacare, it would reduce taxes and reduce spending and mandates and overall size of the deficit and hopefully reduce premiums thereby requiring the government to subsidize less. Thats the overall big picture of the bill. Lets hope it works out once they release details. Some things it does not reduce is money for insurance companies. Theres an extra 50 billion by mt. Account over next five years of help for insurers that are going to be forced to continue to pay for folks with preexisting conditions, right . Yeah, i think youre talking about the stabilization fund. The fear is that the insurers will continue to exit the market as they have been doing in Affordable Care act. The problem is that the insurers are very nervous about the markets remaining stable and so they are putting this money into making sure the insurers stay in the game for now. Is it fair for critics whether left or right to call bailout of insurers . You know, politics being politics, youre definitely going to get some of that but i think the overall goal if you can get the markets stabilized then over time you wont need to provide any additional money for insurers but they can get their money through premiums or people incentivized to purchase them on their own without subsidies. The dirty little secret of obamacare among others was the fact that medicaid was used, an expanded version of medicaid to ensure people who couldnt be insured directly. Whats happening with medicaid in the senate bill . Thats a really good point. Weve had a little bit of a game where weve had people in medicaid and expanded medicaid be getting rid of that fiction, if youre in medicaid youre in medicaid as it is and other people are suppose today get tax credits to get them into the individual market. Also the big changes in medicaid are coming a little later so governors can deal with it and youll have experimentation by governors so they can be innovate innovators. Things like eliminate at least for one year. Theres divisions within republicans, the game is to get to 50 republican votes, they have no democrats working with them. Theyve got to make sure they get 50 republicans on board and i think the planned parenthood compromises a way of getting the symbolic support that they want but its not necessarily going to change the game longterm for planned parenthood. The key political factor in what they want to do is lower premiums. Thats the thing that hurts americans most. In fact, premiums have gone up, deductions, medicaid has gone up more percentage wise but will this do anything to get premiums and deductions down . The theory is that it will. We have some evidence in that the cms actuary, part of hhs but not a nonpolitical party of hhs scored the house bill which is similar but not the same and said that would reduce the growth size of premiums, reduce amount of premiums and so that is a good thing, if you reduce premiums, you dont have to subsidize as much but you never know how these things are going to play out until the legislation is actually written and signed by the president and implemented. Theres another thing, a lot of doctors tell me that they are thinking of quitting being doctors because of malpractice laws are so generous in this country. England has ways to prevent that, loser pays and stuff that maybe wont be a part of this, but anything in the senate bill that would adjust frivolous lawsuits, malpractice suits . Youre talking about malpractice reform, a part of the plank overall and cannot get in this bill, its not something that would fit with the socalled budget reconciliation rules, as i call them the budget reason killuation limitations. Thats something that republicans are going to continue to pursue but a very heavy lift as the trial lawyers are a big funders as the Democratic Party and so theyre not going to give up on that easily. Democrat and republican, they own the beltway, lets be honest about it. Its a tough haul. Selling insurance across state lines, the house side they said is going to have to wait for another another version of an obamacare cleanup before we get it done. Does the Senate Address this at all . Its the same problem, david. Its the budget reconciliation limitation that is dont allow them to do something thats not within the budget context. Thats not going to be in there. However, i think thats something that could be attached to a piece of legislation, a mustpass legislation and put it up for a vote and see if you can get it that way. So, i think, the journal editorial said this is not a free market utopia but i think this is a step and do additional stems down the road given regulatory pow irs powers. The end of the beginning. [laughter] great to see you, thank you very much for coming in. I appreciate it. Thank you. When we come back the republicans are facing a long hot summer as they try to deliver on key Campaign Promises from health care to tax reform. Can they count on members of their own party to move their agenda forward . Its not enough just to pass a bill that as Obamacare Repeal in the title. Weve got to actually have legislation that fixes the legislation that fixes the underlying problem introducing new parodontax. The toothpaste that helps legislation that fixes the underlying problem prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try new parodontax toothpaste. Here comes the fun with seadoo starting at just 5,299 and up to 500 rebate visit seadoo. Com today upbeat electronic music im living that yacht life life, life top speed, fifty knots life on the caribbean seas its a champagne and models potpourri on my yacht made of cuban mahoghany gany, gany, gany, gany watch this i just didnt run on obamacare lies, i didnt run on replacing it with more government programs. I didnt run on allowing the death spiral of obamacare to continue just to subsidize with taxpayer money. I think we can do better than this and my hope is not to defeat the bill but to make the bill better. That was rand paul, opposing the Health Care Plan. The gop tries to move forward this summer on two Campaign Promises repealing and replacing obamacare and overhauling the tax system. Can they count on support from their own members, we are back with dan henninger, bill mcgurn and mary kissel and james freeman. Either they are going to repeal or replace obamacare with Something Better or prop up obamacare because the exchange are failing and politically you cannot afford that millions of people without access to insurance. Look, donald trump is going to do a deal, if he doesnt do a deal with the right, he is going to do the deal with the left. Thats right. Health care is going to be key to the tax reform. The president has began to sell the plan and hes talking nice about some of his republican critics which he hasnt always done. Lets play a little snipped of an interview he had an fox friends on friday. They are also four good guys and friends of mine, i think they will probably get there, we will have to see. I think we will get there. We have four very good people that its not that they are opposed, they like to get certain changes and we will see if we can take care of that. We are going to take care of that, we can make a deal. Look, hes the dealmaker and you dont get a deal by trashing the people that you want to persuade to support you. I think republicans have to realize this is and an irish choice, this is not perfect. The alternative is not a better bill. I think that relates to the elections later. You know, we talk about the symbolism or the politics of the moments, at tend of the day, the republican fortunes are going to be made on whether ordinary people who are now struggling in this economy feel more opportunity and better about the future and that means lower premiums for a lot of people and it means tax cuts, you know, that help revive the economy and thats the reality. Its not just the legislation, we need to do something to do this and i hope President Trump realizes that this legislation is not just Something Congress is doing. At the end of the day, hes going to be judged by this whether he can produce. James, bill just talked about taxes, paul ryan came out this week and talked about, you know, really pushing forward on taxes and in a way that i havent heard from anybody except from people in the Trump Administration. That was great to hear. He did not mention the border tax. Is that did they finally weak up to the fact that people dont want another tax . Ic they are i think they are waking up to the idea that they are going to jump the beltway custom that if youre going to cut taxes, you to raise other taxes over here. I think thats what youre hearing from paul ryan, from the freedom caucus, not just tax reform but tax cuts. And i think that ought to be their focus. If hes not creating a whole new tax that didnt exist before like the border tax. Right, right. And i think they have to focus on their political futures. As we have been talking about what the special elections mean, whats going to happen next year, they have got to get the economic reform, the Economic Revival Program going if they want to get reelected next year, if they want to keep control of the congress and that starts with a big tax cut. Dan, it is across the board paul ryan was saying its going to be corporate, its also going to be individual, he mentioned the fact that eight of