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Elements of replace. it's not a full repeal and replace. it's repeal as much as they possibly can under the budget rules and pieces of replace. there are two house committees that will be moving forward on this package in the days ahead. they have been working through the weekend, days and nights over the last couple of days, trying to get specific elements right, elements that will pacify unruly conservatives, that will mollify conservatives about what this will mean for their elections going forward, but most importantly, creating a bill that will cover as many people as possible for as low ...

We're working on that now. i have a meeting later on today here on saturday to go over further work on that, but don't discount the value of the regulatory reforms at the same time. i think there's a lot more bang for the buck even there than there is in tax reform. there's good academic literature on that thing. yes, you're seeing the markets respond positively, but i don't think it's just because of the tax cuts. it's the regulatory reform and just the basic pro-business attitude, pro-growth attitude this administration is bringing to washington d.c. i think you're seeing the markets go up f...

They have to do everything under budget rules because otherwise they wouldn't have 61 -- excuse me, they won't have 60 votes in the senate. they'll only need 51 votes in the senate. but this bill is turning out to be pretty expensive. partly because the mechanism they're relying on is to give americans tax credits to be able to buy their health care on the individual market if they have to. that's different from a tax deduction because you essentially get the money up front the year before. you then pay for your health insurance. this is causing a lot of consternation among republican leadersh...

The vast majority of what republicans do for replacement. we're putting it together, and we will put it forward. i will do everything in my power to have a vote on it the day we repeal obama care. i not a vote on replacement and we'll see where i get with that, but there's a growing moment wrum yum both among senate republicans and among house republicans that we should vote on replacement the same day we vote on repeal. >> will you -- in the legislation that you have to put it in legislation, will it require 6 0 votes? in other words, when democrats oppose the new plan, will they be able to f...

About half the bills are his. there are consensus on at least ten, 15 different bills in congress. i think consensus is there. the bills have been written. let's put them together and have a vote on replacement. with regard to the president, all i can say is he called and said he agreed with me. we ought to vote on replacement the same day we vote on repeal. >> it's because a lot of the republicans they want to vote to repeal it on day one. they don't want to wait at all. they say, you know, we'll have plenty of time being to up with plans in the months that follow. you're totally opposed to t...