Sean spicer, would the president be okay with a package with a time line in which the tax cuts would be enacted and people would feel it in 2018 and not 2017. A bit of ambiguity. Heres spicer. Theres two issues. Fiscal year 17 and calendar year 17. For tax purposes, its calendar year 2017 that theyre probably most concerned with. The president as we work with congress will have those details to be able to flush out. Something that they have to work can congress on. President trump dropped news on this whole conversation just moments ago telling reuters in an interview, speaking about the border adjustment tax, which is a big question in this. The president said, and im quoting from reuters here, it could lead to a lot more jobs in the United States. As that article dropped, spicer talked up the merits of it
saying it benefits workers, americans and the economy. Nothing from the white house yesterday, but certainly it appears theyre starting to talk it up just a bit. Neil . Neil very interesting. So that is not dead in their eyes yet. Thanks very much. Blake burman. By the way, donald trump will be addressing the nation next week and probably spelling this out tuesday. The next morning, were going to regroup with the Treasury Secretary again, Steve Mnuchin and get his views on what the timetable will be. The wind at our back and they hope behind their back will be the fact that the president will have just spelled out to the nation that timetable. I stress that timetable. Look what happened to the markets. They were up to record territory again. The tenth straight day running. Even delayed, theyre not denying. Theyre not red or blue. Theyre about green. The more money they make, the happier they are. They seem to like the idea theyre on the table and still likely a 2017 event. What isnt known and this really didnt come up with exact details at the white house powwow, with all the fortune 500 manufacturing ceos, about a dozen of them, was whether that rollout will be retro active. In other words, the tax cut will be retroactive to the beginning of the year. A lot of those manufacturers were encouraged though even in good kidding fun by what they were hearing out of the president. Take a look. Did you bring any more of those jobs back . Theres nothing like what you do, the caterpillars are the best. When we raise the dollar and we let other people manipulate their currencies, its the one thing that stops you, doug, right . Well take them on. Bring them on. Were trying to talk President Trump to doing the apprentice. That was my assignment at nbc. President trump goes up to a par 3 on his course. He said im the richer golfer in
the world. Thats a then gets a hole in one. I have to say, you know, ive seen ive seen the magic before. Thanks for the opportunities and bringing the language business back to the white house. Im here to make chemistry great again. Thanks for your help. Youve been great. The last fellow saying he wanted to make Chemistry Sexy again. The man that runs dow chemical. The prospect of seeing a President Trump, he was calling it unlikely and not happy with the tone of the election. That was then and this is now about some encouraging developments going on in this country with this president. Take a look. The opportunity in this economy to grow more than the 2 rate is there. What ive noticed about this president is thats what he
the Natural Gas Prices here help us a lot. We could do more in the downstream if there were a lower Corporate Tax rate. Were very, very keen on seeing that Corporate Tax rate come down from the high heights today. Neil finally on regulations, this president has been keen on that. Youve been keen on that. We talk about the import tax thing, that might not happen now. How do you think that will fall out here . Retailers were and still are against it. It was going to pay for a lot of the stuff the administration has wanted to do. Any thoughts on that . Yeah, look, were pro border adjustment tax. Every country in the world has a v. A. T. Of some sort that plays like a border adjustment tax. Its totally not fair that we pay something going into one country as an importer and they dont pay anything coming in here. So some people like that, is in the offering from the president
and the cabinet. Whether its the way the house plan is or not, we dont know. Were pro the house plan and we are certainly going to keep lobbying for it. We do believe netnet it will make us more competitive. Neil a remarkable turn around whats going on here. This is a man that said of the president in our Election Cycle a year ago, march 2016, that the president ial cycle quoting here is bringing us the kardshian presidency. Now smitten by the president and what hes doing. This president has met with these type of ceo forms 11 times in the 30odd days hes been president of the United States. 11 times. That compared to 18 for the entire eight years of Barack Obamas presidency. So obviously the president is comfortable in these venues. Some of these ceos comfortable in these venues. No matter who they supported,
like i said, doesnt matter red or blue, theyre green about making money and their Companies Making money and shareholders making money and themselves making some money. That is what is going through the markets. Former Ronald ReaganEconomic Advisor art laffer is loving it. Its a remarkable turn around for ceos that were in the dow ceos case anxious. Not so much now. What to you think of that . Theyre not so much now. Its amazing, isnt it . I love your example, its not red, its not blue. Its green. Money, money. Thats it. Economics is about incentives and neil you said that about bill clinton. Why you liked him. Hes got that. He sure did. Neil you get that. Absolutely correct. Bill clinton did a great job as president of the United States and we saw a huge rise in the stock market and the economy and employment. Trump is going along that way as well. The one thing that bothers me,
neil, the payfor concept. It should not be done on a static basis. Fay for, what you have happen, youll pay for three years out when the economy grows like mad. When we did our tax cuts in 81, we didnt have a pay for. We cut tax rates and let it go. When the economy boomed, thats when we got our pay for and the residents came in and all that. Thats what he should be doing and not worry about a border tax adjustment. Cut the personal rates and get it going. A lot of people look back at the great days and they say the problem with even republicans at the time with all that money that was coming in To Washington is they spent it and then some. Should there be provisos in there where they cant do that . Either party. I dont know what you mean by exactly all that money coming in. The border tax im sorry. The revenues you get from tax cuts. Youre right. It takes awhile for the money to come in but it does come in. It comes in in huge amounts. We had an enormous time. If you look at the value of wealth, the wealth in america during the regan era, enormous prosperity. Thats what you want. They dont have to spend it all but its Fun Spending Money when you get richer, isnt it . Neil a lot of people look at the reagan years and saying this is an opportunity you dont want to miss to address our debt and to get the growth going so we can start chipping away at it. Part of the establishment that always a bad word these days, but the sentiment being that they have to be revenue neutral. You said thats its not revenue neutral. Neil explain that. Theyre looking at these phony types of tax increases that will hurt the economy and cause revenues to fall. You want to do the tax cuts. They will be revenue positive because frankly, if you cut that corporate rate from 35 to 15 as the president has promised,
believe me when i tell you, youll get more revenue neil what if its 15 . Were hearing the market is priced for perfection. They are expecting a 15 corporate rate and expecting the top rate to go to 33 from over 40 of you including Obamacare Sur taxes. If its less than that, they might have a hissy fit. What do you think . I dont think so. I want to see it go to 15. Neil all right. He obviously was not paying his taxes. Out he goes. I apologize for that. The bottom line here, heres what we know very quickly, folks. They are agreeing in principle on a into sweeping tax cut for corporations that would bring the Corporate Tax rate to 20 . Were hearing the administration would like it to 15 . The markets seemingly are happy with 15 to 20 . Its lower than we have now. All key tax rates would be condensed to three. They think that will ignite the economic boom, the likes of which we have never seen since Ronald Reagan. The last meaningful tax reform we had, 1986. I wasnt born. Okay. I was alive and well. Quite the adult. That was then. Were keeping tracks of things south of the border. We had our Secretary Of State there. The department of Homeland Security secretary there. Theyre chewing the fat with their counter parts in mexico trying to make nice over an issue that has really bothered the mexicans. Not the wall, the president s plan to vet immigrants and to chase them down after this. Their business becomes our business. Thats why we make more ecommerce deliveries to homes than anyone else in the country. Here, there, everywhere. United States Postal Service priority youSecretary Of State and secretary of Homeland Security in mexico trying to make nice with the mexicans. Not so much as nice but to try to make the mexicans understand where were coming from with the better Vetting Process and including Hiring Ice Agents to go after criminals here. The mexicans dont like that. Think think this is something they should take up with the united nations. Whether anything happens today to ease that anxiety, i dont know. What do you think happened today . Did we ease any fears down there . What do you think . It was the first meeting, neil. This was going to be a rocky start. I dont think there will be anyway after the campaign rhetoric, the president was tough on mexico. So i expect it to be tough. Saying that out of the white house, the president s comments today, saying that, i think that this could be a real area where tillerson and General Kelly could be a breakout start. Looks like the white house is
running the middle east and china policy really out of the white house. Doesnt appear that tillerson has been in those meetings. Theres a lot of opportunity for him as relates to mexico and central south latin america, for him to make a great deal for the administration. Before tillerson was named Secretary Of State, he was lauded for the deal that he made on behalf of his company with russia. Hes negotiated deals around the world. This is a Smart Business man. So i think getting mexico to pay for this wall will be incredibly tough. If youre going to put anybody in charge of negotiating this, tillerson is a good choice along with General Kelly. Theres all sorts of ways to get them to pay for it. They seem particular, the mexicans, annoyed about what will be a new Immigration Vetting thing on the part of the administration. More to the point, anyone coming into this country or for that matter already here. Some are so angry that they wasted time to take it up with
the white house and go to the u. N. Thats bluster. Remember mexico is in the middle of a political election themselves. You saw the person the third highest in the polls before trump was elected is now at the highest. People in mexico want to be the toughest to stand up for trump and stand up to mexico. You have to look at the comments to the u. N. And the broader context of wanting to be seen as tough. Thats tillerson will have to play the good cop to trump being the bad cop. Something important to remember, the economy is fragile in mexico. S will clearly a massive drug problem. A problem with Central Americans coming into mexico. When you look at what will happen over the next year with this Election Cycle in mexico, were going to need to support
whoever wins in mexico. Support the Current Administration there. Because of the drug problem that could get significantly worse as the economy gets worse in mexico. I was just in bogata. The central and lat ten and South Americans are looking at venezuela melting down there with the problems as it relayses to communism. So a lot of problems this this part of the world. We need strong u. S. Presence. Perhaps tillerson can play a crucial and key role in this administration. Neil they were calming figures today. Well see how that goes. Morgan, great chatting with you. Thank you. Neil these are becoming almost a staple event. You can see a republican lawmaker hold a town hall meeting. Wellorganized protests pop up. There is a way to handle this. Meet the republican from virginia that thinks hes found one after this. Whats the best way to get two servings of veggies . V8 or a powdered drink . Ready, go. Ahhhhhhhh shake shake shake shake shake
done you gotta shake it i shake it glad i had a v8. The original way to fuel your day. Remember when you said men are supeyeah. Ivers . Yeah, then howd i get this. Allstate Safe Driving Bonus check . Only allstate sends you a bonus check for every six months youre accident free. Silence. Its good to be in, good hands. Neil all right. I want to show you a story of two different republican town hall meetings. Whats gotten to be common of late, a disruption. Take a look. [chanting]. Neil all right. You have throngs showing up. Theyre angry. They dont necessarily want to hear what you have to say. Then theres this. A former navy seal, virginia congressman scott taylor had a different approach to his town hall meeting. Take a look. Calm down, calm down. [inaudible]. Neil you know, it didnt get that bad. Maybe the fact that hes a former navy seal and he kept it cool and calm and they got to discussing things in a rationale way, which is doable in this very super heated environment. Congressman scott taylor joining us right now. Good to have you, sir. Good afternoon neil. Great to be with you. Neil that has to be unnerving. Many leaving under security escort. Its gotten out of control. When it got raucous, what did you do . What was your intent . Our third town hall was last night. There wasnt any shouting. Let me say its important that people have a seat at the table and respected that their voice is heard. You have to take precautions for safety concerns. We had some things that werent seen there to make sure that not only our people are safe but the people in the town hall itself. Thats the main concern. So there are certainly techniques where people ask questions, how you get them to ask questions. Instead of getting a microphone to a crowd. We had people write it open the index card. We would pull out and answer the questions. That being said, you have people that you would have the crowd, because its largely this crowd as opposed to my policies and the president s policies. They would shout if they didnt like something. Thats fine. You did have a couple people that are actually from the local Democrat Party that were trying to make people cheer and revel. Those folks, you have to isolate them. Neil how do you isolate them . Call them out. Call them out. Im from here. I know the people in that party. I can see them start to try to
get the crowd to chant unnecessarily. Not even for neil in your district . Are they allowed to be there or we always get the reports. I dont know what is true. People flood these events and theyre not from the said district of the congressman or woman. We were certainly you have to be careful. You want everybody to participate. Sometimes people get left out, of course. I didnt see any paid protesters. Im not aware of that. There were organic folks that have never been involved before, which is good. Thats a good thing. When i see somebody trying to cause a problem, ill call them out. Thats not helping for everybody. The whole crowd sees what theyre doing. Its contagious. So is the opposite. Doesnt take much for the crowds emotions to go crazy. When the whole crowd is cheering, when they dont agree with you, you let them vent. Neil i noticed you were doing that. A lot of your colleagues, congressman, have had it with this and being fed up or becoming a pinata. Some have cancelled their events. One congressman is only taking telephone questions. Im not sure if details on that. Dont hold me to that. That theyre getting twice shy by these developments. What do you think of that . Well, you know, let me first say i spoke to a lot of members of congress. Theyre legitimate safety concerns. Have to make sure everything is equipped and everything is okay for that. We should listen to folks. We should talk to them and let them vent. Ill tell you, i had three town halls. Each one was calmer and calmer. The first people who had to get it out and go crazy. Last night, you had none of that. Zero of that. Its waning. That could change on what happens in the environment. We should talk to folks, let them see us. Listen to them. Part of the job i signed up for we represent a lot of people and diverse opinions. Neil thanks, congressman. My pleasure. Neil theres a way to do this so everybody can feel their needs are addressed. He might have found it. The minnesota democratic congressman that says, you know, we might already have enough grounds to impeach donald trump. Are you kidding me . Hambone sally 22 hut hut tiki barber running a barber shop . Yes surprising. Yes whats not surprising . How much money David Saved By switching to geico. Fifteen minutes coul