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Think this is going to be part of it? >> obviously, the fact that republicans are trying to do at the same way that they did health care, budget reconciliation, that is an indication, it means you only need 51 votes, certainly in the senate, they don't think they're going to get much democratic brian, so they figure they are going to have to do just what the republicans, chuck schumer and nancy pelosi have made it very clear that they do not want a tax bill that adds to the deficit, this one almost certainly will. republicans say that the growth will pay for it. if you go back to the reagan ta...

Act. he promised a huge tax cut, one that would cause a sort of reshaping of the tax landscape. i was hoping for the postcard size tax return. apparently that will be the case for many americans but not for all of us. do i like everything in there? no. do i like the concept, the principal of a huge tax cut so as to regenerate the economy? absolutely. do i think it will pass? yes. i think even my small government bodies in congress, particularly in the house who do not want to be the deficit increase will vote for this tax. >> bret: the freedom caucus has already kind of sign-on. speak of the p...

Get a 13% increase in earnings. this is one of the reasons in addition to optimism about tax reform, deregulation and other issues, that the stock market's been rallying since the election. everybody has been factoring in very strong corporate profits in 2017. >> a lot of people are frustr e frustrated that the tax cuts will lead to, possibly lead to a deficit increase. investors don't seem to be too worried about that. >> investors don't -- the thing i think they don't worry about is if the "wall street journal" story is true, that they're going to look at ways to bypass the usual ten-year co...

>> this is what republican dozen. they cut taxes. it is what they're born to do. knits their dna. >> one thing republicans don't like to do which steve is more comfortable with is letting the deficit increase. here's how it will pay for itself. listen to it in his words envelop this will be paid for by a combination of economic growth which will be around 3% or slightly higher and a combination by reducing massive amounts of deductions and special interests. >> i never want to scare my viewers away by talking about gdp growth. i understand everybody doesn't want to talk about it. right now, in...

Count count country. i'll be working for tax reform if it's in the best interests of our country -- >> neil: you think they should be paid for? what meadows is saying this quest to make revenue neutral immediately might not be so crucial. he seems to be saying tax cuts create revenue and revenue comes in later on. what do you say? >> i don't have a bright line. if you talk about there being a huge deficit increase, i can't be for that. i recognize these deficits and debt are taking us down a path to a debilitating future that will destroy what it took 200 years -- >> neil: so the last thing yo...