We come up with a belt that a conscious the goal of the president and we will take it and move forward with it. We are moving on the tax reform. Lets get to work. The responsible thing, lets get back to work and do what we told the voters who are going to do. We never stopped working. All throughout health care as well we will continue to make improvement. We are planning to move this on the ways and Means Committee in the spring. Maria the drama in d. C. Sending wall street futures indicating a lower opening for averages today. Investors are nervous, wondering when the details come out on tax reform trading on a sixweek low of the dow industrials down to 33 . Expect a decline of better than 100 this morning. Investors really wondering what happens now in terms of tax reform and whether therell be a similar fight on that front as there was in health care. New details on the london terrorist attack at the tear is service what app before his attack. Police cannot get to the messages because they are encrypted. New questions over privacy coming out. Uber puts the brakes on the self driving cars testing this morning after a crash in arizona. I love finish has North Carolina clinching the last five. All of that coming up this monday morning. German attack about it, pollster lee carter is here. Mr. Schultz. Mr. Shaw said that confirms media chairman, steve forbes. Great to see everybody. Good morning. Good morning. Maria do you believe tax reform is the policy right now, steve forbes . It has to be. People feel by yearend in 2018 with the elections coming out. I think they have more imperative to do it than ever before. Maria is there more Common Ground on tax reform supposed to health care . No. They agree on the tax cuts, but the border adjustment tax they keep pushing a 20 National Sales tax on imports, which would be a disaster for working families. It got to drop that come especially after the Health Care Debacle and stick with what we know is that of an untried disaster is tax. Maria the uncertainty about where this goes next. A big show had this morning. Our top story, republicans turning to focus tax reform after House Speaker paul ryan pulled the gop bill from the floor on friday. Chief of staff Reince Priebus and kevin brady talked about this sunday, urging the party to move forward. Obamacare as we know it is imploding and exploding and every other object if you can provide. Its going south and it would be nice to get democrats on board. At the end of the day, its time for the party to start governing. There may be repealed only those, but that would require a democrat senators to support repeal and that is not going to happen. Lets move ahead on tax reform. It is exciting. Its why we came here. The number one priority for the president and republicans as well as congress. Im in the field that we are the most comfortable on. Maria the wall street journal this morning reported the white house may start courting support for moderate democrats due to lack of support from far right conservatives. And your congressman lays out in. Good to see you. Thanks for joining us. So what is the password to enact tax reform . G of the time of the timeline you envision . To regular order, the house ways and Means Committee can present a bill for hearings and markups. An important Lesson Learned for wealthy experience with health care is that any member, and a rankandfile member for leadership who has an idea, there is a passion, something they want to inject in the process. They should get involved early in the process to make sure voices are heard as opposed to waiting until the end of the process and trying to find something they could use an excuse to get to know. Steve forbes was here in the house of representatives, i dont think youd be waiting until the day before the vote to talk about the border just ability tax. Maria thats a really good point. Thats a whole issue. A lot of people didnt know what was in the bill. Your party in seven years to come up with it. Are we going to see a similar fight over the border adjustment tax as a child of the Health Care Bill . Thats when the markets wonder if the entire agenda is in question. Two things i would say. With regard to the Health Care Bill, it was just over 100 pages. The process started at the beginning of 2016. Leadership had open forums for any member of the house to participate in. As part of the better way agenda. There was no reason for anyone to be blindsided by any of this. As far as the border just ability tax, that conversation has started already. You have individuals who may be had an issue with the fact that 85 of seafood is imported. How is that impacted by the border just ability tax when you cant really get the seafood from within the United States. Part of this has to do with where does the Corporate Income tax rate be . If you are not expert he would support if youre a net, you wont. But if you are a net importer in the Corporate Income tax goes from 35 to 20, for some net importers, they might be a little more in favor of it. There are a lot of other pieces unrelated to the border just ability tax regardless of whether you arent order or exporter. Congressman, steve forbes here. Why the world which bring up attacks untested sylhet working americans, raised the price of eight simple car or truck over 2000, raised the price of gasoline. Why in the world which he do Something Like that . Why are you such slaves to the cbo and why not just a straight vanilla tax cut instead of putting in a tax that will divide the base of the party. Not which you need right now. Well, something i learned attending a steve forbes for president kickoff at the waldorf in college was not to debate steve forbes on tax reform. It is just really important that for members to be able to get the impact of where 100 get spent for the net importer. Theyre supplying supplychain issues where they might be some of the products they use to manufacture from out of the country. And someone is approaching this with a very open mind. I want to learn everything about it now and i dont want to wait until the last minute so the final product is not only good, its also a good policy to get 216 votes. Into cvs for democrats will run against you raise in price for consumers giving tax breaks to boeing and ge to sell aircraft to mullahs in iran. 16 million taxfree. When you go to walmart, prices have gone up. Politically this is a disaster. Not just economically. Why go into something so uncertain . The Health Care Reform debate is a single industry. When you talk tax reform, if every industry. As far as the messaging use to the general public, you could make the argument is far difficult to do tax reform than it is health care because the fact that it does impact everyone. Why complicated unnecessarily with a brandnew tax never tried that was invented by about this economist in berkeley for crying out loud. I guess you definitely would have to have someone on the show on the ways and means ways and Means Committee who is a staunch defender of it. Maria we had kevin brady on yesterday. He was terrific in terms of laying out a timeline. The congressman, he was very clear there are positives here. The white house has not agreed to this yet. Its only a debate point. Is there any wiggle room to raise revenue ouster of the border adjustment tax gets knocked down . Youll have a battle of the way you had in health care. You have to calm the markets and people out there who want to see Economic Growth if in fact they border tax doesnt apply because there is a fair amount of pushback. Yeah, last week the house was completely consumed with health care. The week before that, same thing. As they come back to the capitol today, this would be a really good week for everyone to be able to talk to each other, asked the questions we need to ask. If having that component and that means that you cant get to 216 votes, then you are at a similar situation in which you had with health care. On the flipside, where its not the Freedom Caucus with the holdout, but it happens to be part of the minority is the best of leadership and thus advocates from order adjustability. I approach this with an open mind. I want to hear everyone out. At the end of day is not a good policy but a policy to get to 216. Train to the issue is are they going to be able to get this done in a timeline . Spin the order adjustment tax is a big issue. The interesting thing is a lot of its predicated on the dollar getting stronger. The problem with the dollar getting stronger as it has a negative impact on corporate earnings because passes earned overseas. Its not just come the ctr point, john q. Taxpayer that subset, multinationals. Asset prices will skew out that unnecessarily. From a mop its perspective will be in big trouble must make moves forward. Is the Republican Party able to be an Opposition Party or a governing party . Right now it seems like they are focused on an opposition but not getting things passed and what they want to do. Thats a big problem moving forward if they dont get something accomplished in. Maria do you need to come out with an assurance for the markets and people now questioning the entire agenda . I think the points being made about transitioning to be the party of opposition into a party of proposing good ideas than to be a governing party. Now that we are in charge, what ive noticed from my colleagues as you have almost everyone whos made the transition. 237 members of the house of representatives and ive used this number couple times, you have to get to 216 making the transition, which means if youre a member of congress, you have to realize you are not going to get your way 100 all the time. You have to be willing to compromise, negotiate, cut good deals. You dont have to compromise all of your principles when you are used to always voted no on everything. It is a little bit of a transition to be able to start voting yes. But for the markets, for the american public, they want to see that trees to get up on the board. Will you go for tax reform, infrastructure, strengthening military, taking care of veterans, when he do but wings on the board. Maria we will be watching. Take so much. Congressman leaves out and join us in washington. New details on the london terrorist attack. Using the messaging app that is before the deadly rampage. They cannot get to the messages because they are a group did. The new question this morning over privacy. Hitting the brakes, cougars suspending tests on fostering vehicles after one was involved in a collision. Details coming out. Maria welcome back. British police make another arrest this morning in connection to last weeks terrorist attack in london. Warren simonetti with details. Good morning. The 30yearold birmingham a total of 12 people have been arrested as part of the investigation thus far. All but three have been released. Meanwhile, authorities now say attacker cody massoud who youre looking at, sent a message using an Encryption Service to wipe out which left four people dead. A top official in the u. K. Calling on facebook which owns the actor was the con tent at the message and its intended recipient is part of the investigation. Meanwhile, bluebird putting the brakes on a self driving car program after one crash in arizona on friday. The accident happened in tempe after the driver of a second vehicle made a turn without yielding. It was not the fall. Two drivers sitting in the front seat of the uber power which last the self driving volvo on his side. As a result, its granting drivers in arizona, pittsburgh, pennsylvania and san francisco, california pending results of the investigation of the crash. Apple is going to big win in one of its toughest markets after Chinese Court overturned a prior ruling against the tech giant said iphones thanks in bias did not infringe on Design Patents held by a defunct local manufacturer. The ruling comes after ceo tim club visited china pledging further investment in the country. Train to thank you so much. Apple is incredible. The victory that apple keeps happening over and over again. Your thoughts on the big win. I think it helps make sure when you go in the Marketplace Committee will not get trashed by people trolling and trying to find ways to see you and shake you down. Maria still come you dont have a lot of competition in apple stock. A predominant market share. They continue to innovate and maintain. Im curious when you see Something Like the wise path, is not an issue for apple in facebook and others who are not releasing information on encryption related terrorist attacks. I wonder if thats a problem for them Going Forward now, too. Pose terror they have to release it. They did in san bernardino. They cant get to that right now from the london terrorist. Well take a short break or become back on the futures indicate a loss at the top of the trading day after Health Care Reforms stall on capitol hill. The Administration Says its turning its focus on tax reform. What needs to be done to restore Investor Confidence on what the markets by him. 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Does your bed do that . Only at a sleep number store, where queen mattresses start at just 899. And right now save 400 on our most popular mattresses. Go to sleepnumber. Com for a store near you. Maria welcome back. We are watching markets this morning. The dow industrial expected to be done about 140 points after the help care belt was pulled as broad uncertainty over the rest of the agenda. Mitch rachelle is with us. Would he think the president needs to do to boost her confidence they are not going to go up against these battles and ultimately not get anything done. As some sort of the win. What happened last week the market selloff because traders were seeing what was happening, didnt like the prospects something would get done. Friday was somewhat baked in, but right now looking for a win. They look for momentum and to get the optimism that. I feel like both measures will be very important to to Economic Growth. There is some Common Ground when it comes to cutting taxes. The border adjustment taxes in issue. In the previous segment the real challenge is the hypotheses is baked around the stronger dollar. We could have inflation and the models that inflation will help pay for it. I need a bath when i say that to you. Maria whats the point of the border adjustment tax . It would raise a trillion dollars over 10 years. Kevin brady said it was then that they needed to raise revenue. That wasnt the point. They have a certain amount of projected revenue over 10 years of devastating 4 growth it done in the tax cut will do it. The other thing they are hung up on his trade if they think this will help her socalled trade allen and they dont realize when you disrupt Global Supply chains which are an incredibly complex as companies export and import parts to make a product than the typical car will go up 2500. It is not just the border border. Maria especially in the out of business. You make a really good point. The auto business has component that may go into the car. Across the border six, seven times. Theyve got components that have to go to mexico in the seekers over the border again. Its back and forth. Come on. They can come up with a fee for that. They are not going to charge seven times. This creates huge complexity, huge uncertainty. Why do that when you have to get a tax cut through to get the economy moving. Is other places they can do to generate revenue. They are talking about cutting and cutting programs that wont necessarily have an impact. The president talks about draining the swamp. Alter for ways to raise revenue. This is political suicide in many ways. No way this will get through. John kennedy and Ronald Reagan demonstrated. You dont tie yourself to a bunch of cats. Pass the tax cuts and enjoy the challenges and problems did speak thai cuts now in terms of budget cuts come your not going to get it. Do the big hill. The key thing is not washingtons revenue. Get the economy growing. When the economy grows, a lot of things are possible. Maria the president promised substantial Economic Growth. It may not be as big as he says. The National Association of business economics endsinglequote 2. 3 this year, 2. 5 next year. These are both below. You can look at this era obviously because they said 4 and 18. Where do you think . Will they get to 4 . We have to get the rates lowered in the economy jumpstarted. The one thing suspiciously silent and other better silent and other Better Things to trillion dollars on short but bring back into the United States was some