Certain way. So they of course passed the bill overnight around 1 00 or so in the morning. Sent it back over here to the house of representatives where we expect them to start voting just about an hour or so from now. And we expect that the results will be similar. We just saw the House Speaker paul ryan walk past here. He has been in what i would describe as a jubilant mood. This is a major accomplishment for him. But of course a source of concern for a lot of americans who are wondering how this will affect them. This is a major tax break for businesses and proceed poe nepo that brings us in line for the rest of the world, but critics say that it will add to the deficit and its not clear that individuals will keep the tax cuts in 2025. Yeah, well talk about the deficit more in a minute. But first i want to get the take from the white house with metet alexander is like 200 feet away from me. We know republicans are coming over this afternoon. This will be a serious victory lap. What else are we hearing about this event . Reporter welcome to the white house although youre here all the time. On so at 3 00, this will be a bill passage event. We often talk when the 12 days of christmas. For this white house and for republicans, this thing could stretch out over about 12 days. Potentially this event this afternoon, perhaps in maralago right before christmas, were hearing rumblings about the president doing something enon christmas to demonstrate the gift he has given to americans and then early next year there could be another formal signing ceremony here at the white house. Obviously weve seen the new polls showing that 41 of americans think this tax cuts bill is a bad idea, just 24 in favor of it. The president this morning again on twitter basically saying that it is the fake news that has been siding with the democrats on this and in his words he said this is truly a case where the results will speak for themselves. But it is a gamble and time ultimately will demonstrate to a lot of americans just how well this really works. What is notable here from the white house, you talked about the triumphant nature and jubilation weve seen among members of the president s staff privately behind the scenes here, what is significant is just how different this event has been, the way they have handled this one, versus the Health Care Bill way back several months ago. That prematurely the house celebrati celebration. Today they are waiting until it is all done, bringing everybody together and then celebrating as one. In terms of a News Conference this afternoon, the president tweeted there would be one at 1 00 p. M. Weve heard privately there could be something at 3 00 p. M. The way the president views a News Conference and the way we reporters view it a little differently, were hoping that he will take some questions this afternoon. And you know as well as anybody the president may make remarks and then maybe he opens it up to questions or maybe he wont. So well see. With us now is our panel for the next 60 minutes. Matthew nessbaum, and also shannon, im glad you didnt have to walk far. Let me start with this is a win no matter how you slice it for donald trump and republicans, but how long is the honeymoon . Because ultimately they will have to glrapple with the deficit. And look in 2018, first of all people wont be getting the tax refunds until they file their 2018 taxes. So if you are expecting your taxes to go up, just wait for the democrats to say hey look, we found one working mom in this state in new jersey whose taxes will go up. You told us our taxes will go down. Look at this poor person here. And they will trot these cases out just like the republicans did with obamacare. Remember if you liked your plan, you got to keep it, here is someone on person who lost their plan. So it will be a short lived victory because the democrats will start pouncing on this. And Savannah Guthrie asked paul ryan about this very issue. Are you saying that the growth youre going to get from this tax cut will equal the amount it would cost on the deficit side so that it is a wash, so that youre not adding to the deficit at all because of this . Nobody knows the answer to that question because that is in the future. But what we do know is that this will increase economic growth. That is an encapsulation that the bet the purchases are making. Thats right. And in some ways weve seen this script before, the obamacare comparisons of once people feel the benefit, they will like it a lot. Thats what the democrats said again and again about obama c. A. R. E. They paid the price at the polls for on about six years after that. And when paul ryan says we can nt lo cant look into the future, nobody has a crystal ball, but when you look at pass press department, they will have to deal with the debt issue. And we have lot of nonpartisan analyses that say this will increase the debt. Nonpartisan analyses that say this will increase the debt. Paul ryan said well turn to medicare and entitlement programs to bring down the debt. So i think republicans know that it will add to the debt. To say otherwise doesnt make any sense. So one thing ive heard myself even this morning is frankly some griping. There is frustration that there continues to be discussion about how this bill benefits the wealthy, which it sddoes, and n enough emphasis on the fact that tax brackets are going down for almost everybody at least a little bit and by the way temporarily. So when you look at where President Trump is with this, the headline from the Washington Post says it kell, can he resgrekts his presidency after this, no longer the legislative looser. Does this change what happens for on the president down the road . It does take the idea that the republicans cant govern, cant get anything done, it does say ta that off the table. But okay, you did govern, you got something done, what did you get done. Did it fulfill its promises of lowering taxes for the middle class. And with the money that is going to corporations through the tax cuts, did that translate into higher wages, into hiring. Or did it translate into share buybacks or dividends. So yes, they can say we got something done, but the down side to that is now they have to own what they got done and there is no more blaming anyone else. Senator Lindsey Grahams point, now republicans really do own this and that means donald trump owns it. He is a guy who loves to look at polls. Hes probably looking at the polls that show this tax plan is not popular with americans. Thats right. But he also is a guy who loves to sell. And we know that he will be out on the road and this gives him something beyond neil gorsuch to point to. And talking points dont always have to match the reality. So he can keep calling it the largest tax cut in history and keep saying the benefits are for the middle class and my taxes are actually going up even if those things are not true. There is not that same excitement from the base. I was at that rally he did in pensacola. And when you talk about the economy and tax cuts, yeah, there was motivation, but nothing like the wall, nothing like military spending, nothing like immigration. That is where excitement is. And tax cuts just isnt sexy and exciting for voters. Democrats are hoping to capitalize on that. You heard senator chris murphy talking about what democrats will try to do with this tax bill. Your prediction is right and democrats take the house and senate after the midterm elections, do you think that democrats will try to overturn this bill . Absolutely. We have to. Given the assault that is occurring here, especially on the east and west coast. I would hope that we would take a look at the entirety of the bill. But lets say republicans bets pay off and people see a little bit more money in their pay xhcheck and they like it, w is the democrats strategy then . Search we saw things during the obama era where the economy did get better from the recession, there were improvements, obamacare and a lot of people who got Health Coverage and yet a democrat wasnt reelected. So even when you have a president you can look at obamas presidency and see the blishme accomplishments still see democrats losing power. Do you think they will regret not voting for this . I really dont. It is easy to justify their no votes and their progressive base is so energized, i think standing against this bill is a good move for them politically. We dont expect any democrats obviously to vote for this thing when it hits the house floor. Were watching that. Were watching what is happening at the white house. A little bit of construction noise behind us, so forgive us for that. Ill ask shannon and matthew to stick around because up next, we have the house gearing up for that second vote. They want to get the bill on to the president s desk, but when is he going to sign it and what happens after that . I have a Top White House official joining me right here after the break to talk it through. I dont want to sound paranoid, but dya think our recent online sales success seems a little. Strange . Na. Ever since we switched to fedex ground business has been great. Theyre affordable and fast. Maybe too affordable and fast. What if. People arent buying these books online, but they are buying them to protect their secrets . . hi bill. If that is your real name. Its william actually. Hmph affordable, fast fedex ground. Essential for vinyl, but maybe not for people with rheumatoid arthritis. Because there are options. Like an unjection™. Xeljanz xr. A once daily pill for adults with moderate to severe ra for whom methotrexate did not work well. Xeljanz xr can reduce pain, swelling and further joint damage, even without methotrexate. Xeljanz xr can lower your ability to fight infections, including tuberculosis. Serious, sometimes fatal infections, lymphoma and other cancers have happened. Dont start xeljanz xr if you have an infection. Tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. Your doctor should perform blood tests before you start and while taking xeljanz xr, and monitor certain liver tests. Tell your doctor if you were in a region where fungal infections are common and if you have had tb, hepatitis b or c, or are prone to infections. Needles. A must for vinyl. But for you, one pill a day may provide symptom relief. Ask your doctor about xeljanz xr. An unjection™. Is happening at the house where the first of these tax bill revotes are set to start in about 20 minutes or so ahead of the final vote on the tax cut bill. But what happens after that, what is next for on President Trump and the republican agenda . Were joined now by marc short. Marc, thank you for being here. Lets start with taxes. This bill is coming to the president s desk. He may not sign it at the white house is what im hearing. Is he really going to sign a middle class tax cut bill as he calls it in maralago . There is a couple complicating factors. Typically a bill this size takes several days for congress to send to us, so we dont know when we will receive it. So that is a factor. But the reality is that it will be done. He is having the event here today done before christmas . He is having the event here at the white house to announce his completion. As far as the actual signing date, we wont know that until he receives temperature. So it could happen between t week between christmas and new years. Its, possible, but it will be done. And i know republicans are coming to the white house, very excited. But americans dont seem to be excited about it. Why not . Well, i think there is a couple things. They will become more excited when they begin to see the benefits in their paycheck. Even though some of your panel was talking about benefits being a full year out, in reality they will begin to see it in their paycheck in february. And i dont think that there is a lot of favors the Mainstream Media in the way that they present the bill. So it is us to factually . Yeah. Do you really think so . You cant deny this bill benefits the wealthy. This bill is targeted to middle income families. But that didnt make what im saying any less true. The benefit is received by everybody. Each income bracket is receiving a reduction. Lets take a single mom 40 years old with two children, they will receive a 1400 benefit. A family of four earning 7,000, a 2,000 benefit. That impact is much more when official. When you talk about absolute dollars and you recognize over 60 are paid by the top 5 , there is a different way to look at that numb. But for the average middle income family who gets that 1400 or 2,000 benefit, that is huge. There are other pieces to this. A lot of pieces. We lose popular tax breaks that will be an issue in some of these states. So bottom line though, its not just taxes because you have another deadline coming up to avoid a government shutdown. We do. A lot of people are wondering what happens with for example c. H. I. P. Can you guarantee that that program will be funded by the end of the year. S Childrens HealthInsurance Program will be funded. By the end of the year. Probably going to be a shorts term fix to get fuss to january and fixed in the larger january spending bill. And were hearing rumblings from the hill that there will be another punt essentially, that by friday they will do something short term to kick to january. I think that is probably where were headed. Unfortunately, weve had this conversation on your network before that congress job is to get the bill by september 30th. That is the deadline for the actual fiscal year. The president submits a budget in february. And so when the president submitted a budget that balanced over ten year, congress job was to complete the process and they were not able to do that so likely another punt into january. And when the senate catakes fisa and shorts term fund bill, is that rolled into one . I think that is you think certain. Clearly we need the reauthorization for fisa. That is expected that well get that done about that. And if it is in one big package, it will be problematic to to get it through. Im not sure when that. I think that where were probably headed is scaling back and as you said pushing more of this to january. So i think that there will be some things that need to get done before the end of the year and things that dont need to be done will be pushed to january. You have a lot on your plate come january. The president also wants to get something done on infrastructure, on for example entitle mtment reform. The president talked a lot about Social Security, medicaid, and a cut. Listen. Save medicare, medicaid and Social Security without cuts. Have to do it. I will protect and preserve without cuts Social Security, medicaid, medicare. Can the president promise, will you promise on behalf of the president that that will be held up, that there will not be cuts to medicare, Social Security . The president has been consistent. And thats why the budget did not have cuts to the program. The president is presenting to congress and will againbalanced budget. Ultimately there will have to be cuts to some of those programs based on some of the numbers. The numbers that we put forward continue to show ways that we are cutting discretionary spending. I think congress will look at it and maybe go different route, but the president in saying we will not consult the sbimgtsm et programs. I think the numbers show that ultimately people will be affected. But there is not a lot of support to make those cuts. So how hard of a sell is sbimgtsmensbimgt entitlement reform going to somebody. Our priority is continuing to fund the government and to have a solution to daca, we said we need Border Security and we need a solution to daca. I think that is more likely in january. You will also have our budget in february. And what about the infrastructure plan. That will be coming. I think that you will see that in the january time frame. I think that will be a part of congress in 2018. And in the wake of the terrible derailment in washington, but his budget request slashes by 13 . That is not hard to square. I think the reality is that amtrak is a program that high school has continued to lose money. You cant say here is one piece. The president knows we need to rebuild the roads and ampts. Airports. That is separate from saying amtrak has been a struggling program that taxpayers has been becaming out for years. So why continue to funnel anymore money into that program. Why did he tie a new infrastructure to this deadly amtrakderailment . Why did he tie the two together . I think that he is just saying that we need to make sure this is a priority in 2018 and i think we will. What is the First Priority . Because just listed about 17 things. We had a lot of priorities in 2017 as well. I know the media wanted to say there was little accomplished, but we sign over 80 on bills this year, we confirmed a spreemg cou Supreme Court justice and more Circuit Court judges than any in history. Just a minuting a go you said that is their first legislative achievement. 80 bills signed. First are you really going to argue that point . Yes, absolutely i am. This is the first accomplishment of that presidency. I will tell you that we have accomplished a lot in 2017. Even some journal iists are sayg hey, wait a second. More Circuit Court judges than any president. More in the first year. More Circuit Court judges confirmed than any president in the history of this country. So yes, there was a lot accomplished. And we have a lot on our plate in 2018. We talked about yesterday changing the judiciary for a generation given the people that you guys are putting in place. Im so comforted with that. And some not up to the standard of qualifications that i think a lot of folks would like to see. Are you going change your ve vetting process . Thath new petersomatthew peters widely undwaqualifieunqualified. Couple have not made it across the finish line and im not worried about that. Should the white house change its vetting procedures . The white house has great vetting procedures and well continue to move forward. Marc short, thanks for joining us. Always feisty. Were keeping our eye on the house floor where lawmakers could start that final vote on tax reform. And one key provision inside of it does nothing obamacare. Repeals that individual mandates that makes all americans have H