big demanding and remaining obsticles. plus, the dismantling of obamacare has begun. where does healthcare go now after president trump s executive order all that and right now as we look ahead on sunday morning futures. president trump decertifying the iran nuclear agreement that kicks the issue back to congress which now has a 60 day window to make the next move and though the united states did not actually walk away from the nuclear deal, the president is leaving that option on the table , so far the move winning praise from our closest allie in the middle east joining me right now is israeli prime minister benjamin netanyahu. mr. prime minister it s wonderful to see you thanks for joining us this morning. good to be with you. maria: you congratulated and commended the president s action on this deal. why was it so important for president trump to make this move? iran is the foremost terrorists state of our time. it hangs gays, jails journalists and has terrorism throughout the world and wild agrees in the middle east. to have a regime like this whose economy is 30 times the size of north korea, to have a rogue regime like that, a choir, an arsenal of nuclear weapons in 10 years time which is what the iran agreement now provides iran to do is a terrible thing so i commend the president for taking a historic and bold decision to avert this danger. you could have kicked the can down the road and said it s not going to happen on my watch so i ll just let it go but he didn t and he s faced up to this danger and i think he gave an opportunity for all of us in the middle east and beyond to fix this deal. fix it or nix it because it could be very very dangerous if it just went through. maria: i m glad you mentioned north korea. i m going to ask you about that in a moment but the idea he should fix it or nix it really surprised some people he left the door open to look if congress can t come up with something we ll walk away. watch this, mr. prime minister. i want to get your reaction as we examine these flaws in the deal. president trump: i am directing my administration to work closely with congress and our allies, to address the deals many serious flaws so that the iranian regime can never threaten the world with nuclear weapons. in the event we are not able to reach a solution working with congress and our allies, then the agreement will be terminated maria: mr. prime minister would you rather see this deal terminated or do you think they can amend these serious flaws that the president refers to? i m focused on the goal. the goal is to prevent iran from ever acquiring nuclear weapons and you could achieve it either by fixing this bad deal or by ni xing it. i don t particularly care which one but it s the result we want to have and there s several key things you want to make sure. one is that you don t remove the restrictions on iran s nuclear program just by changing the calendar. you want to see a real change in iran s behavior. that s eliminating the so-called automatic sunset clause on restrictions. the second thing is prevent iran from developing intercontinental ballistic missiles that are only useful for nuclear weapons and you can do that. the third thing is equally is to see that you have real inspections right now iran, you know, iran doesn t allow you to inspect military sites. it lets you inspect everywhere else so where do you think they hide these things so these are some of the key changes that have to go through if you get it fine if you don t get it cancel the deal. maria: this is a really important point that you make because tom cotton of arkansas is now looking at some of these flaws as a way to come up with a bill to actually change this and it is the sunset clauses, insufficient enforcement and the silence on iran s missile program, so do you think that they will actually be able to come up with an amendment that iran will follow? do you really believe that we will be able to start viewing their facilities? i think that what have you is immense leverage. people don t recognize that. you have immense leverage and not only because israel and the key arab states in the region support what the president has done. you said israel supports the president. absolutely but so does saudi arabia and the emirates and when israel and the arab states agree on something you should pay attention. it s a historic moment. the leverage you have is based upon the fact that the united states is a great superpower. it s the world s greatest power. its economy is nearly $20 trillion. the iranian economy is 2% of that so when various countries including your allies have to choose between crippling sanctions on iran or cutting themselves out of the american market, well it s a no-brainer what they will choose. that s part of the leverage that you have and the president is right to put that forward now and to say i m not going to authorize the continuation of a very bad deal that will give a rogue criminal state the powers to threaten the united states mainland. we ve seen what happens when that goes through. i m going to act now, again fix it or nix it, exactly the right thing to do. maria: but that s not what we re hearing from some of our partners on this deal right? what are you going to do? what should the president be doing to work with the other five countries who are basically saying look, we re fine, just keeping this deal as is. i m talking about europe. i m talking about china. so if the u.s. even puts snap back sanctions back in place , what does it really mean if the other countries involve in this deal are not agreeable? well look, i think the reason they say they want to keep the deal is because they think that changing it would mean canceling it but the president said something very astoot. he said well unless you change it i m going to cancel it so you want to save the deal start fixing it and that s exactly the so it takes time until governments actually understand the significance of what the president put forward, but he has said i, the president of the united states, will not allow this bad deal to go through, so the only way you guys can save the deal is by helping it, fixing it and that s something that i think will have a great leverage down the line. maria: so you do leave maybe right now. maria: you believe that for example, they will join in on perhaps potentially snapping back sanctions against iran then well i think if the u.s. decides to do that on its own it can do so by its own because it has such immense economic leverage and i think the europeans once they think about it we ll see that the president is giving them an opportunity to avoid something that is very bad for them today. you know, you don t want none of us as leaders should sacrifice the long term or even the middle term or the short-term and the short-term yeah, it s comfortable. they have business ties with iran and so on that are developing but in a very few years, iran will be this huge power. we declared this is iran that says death to america, death to israel you re the great state and we re the little and i suppose europe in between is middle side i hope they re not offended but we re all under the guns they re developing ballistic missiles not to fire against us we already have that is to threaten europe and threaten the united states, so either people come around and think about it or they say we really don t want this bad deal to go through. we really should act now to correct it. maria: the president also said look, their favorite term is death to america, death to israel. the president actually said that in this speech. are you expecting iran to take retall yeah tori action as a result of this move? against who? maria: against the u.s. , israel or anybody? are you expecting a reaction from the iran revolution architecture it guard? well, i think a can speak as the prime minister of israel and if they act against us that would be a very big mistake. maria: already we ve heard rhetoric to that, calling any commentary against this deal stupid. i mean a lot of commentary already coming out of iran. should the country be afraid? should we be worried that in fact this is going to stock even more violence? no i think it s the opposite. i think it reveals iran, the pressure iran has come under. up to now they were living in heaven. the radicals controlling iran were getting money flowing in 50 billion they got and it s just upfront but down the line they get hundreds of billions of dollars with oil contracts with projects and other things and so all of a sudden this bonanza has stopped and now they re under pressure and i think that s important. look, i drew a red line in the u.n. against iranian enrichment and everybody said wow, is that going to cause a problem but in fact iran backed off and they never crossed that line because they know the power of crippling sanctions and other things that they would have to confront, so i would say right now, the ones who should be worried is iran not the u.s.. maria: the president also mentioned north korea you mentioned north korea at the beginning of our conversation. he said look, if you allow something to keep going on it will only get worse. it will only get worse and more dangerous as we ve seen with north korea. do you believe iran is working with north korea on its missile program? well it did in the past for sure. there s no question about that but i d rather not discuss ongoing intelligence. i think the important thing is remember that when the deal with north korea was signed in 1994 was hailed as just a breakthrough north korea s neighbors would be more secure, north korea will stop the development of nuclear weapons. that turned out to be false and in fact, the same celebratory words were said about the deal with iran including the fact that iran would now join the community of nations, it s going to moderate its activity but since the deal with iran was signed a nuclear deal was signed , iran has been like a tiger unleashed from its cage and it s not joining the community of nations. it s devouring nations left and right so i think that standing up to refusing to go along with the bad deal is a good thing and an important thing even a historic thing, certainly important for world peace. maria: and mr. prime minister real quick we re about to speak with steven mnuchin the u.s. treasury secretary and of course this deal gives the treasury further sanction opportunity against the revolutionary guard because of its support for terrorism. what do you want to see out of the u.s. treasury right now? that is a very important step and i will commit we like to see it implemented obviously because the revolution architecture it guards are the main instrument of iran s aggression throughout the middle east. they re firing rockets from yemen through their proxy that reach 700-kilometers right into the saudi arabia. they re trying to colonize syria and turn it into a military base against israel and against others, so iran s aggression continues unabated and in fact fueled by the megabucks they receive from this deal and that s nothing compared to what they will receive tomorrow unless we change course. beginning those sanctions on the revolutionary guards is a very important first step. maria: you make an important point because the land grab has gotten bigger. iran is in syria. it is in iraq mr. prime minister thank you so much for your time this morning. thank you, maria. maria: congratulations to you on this dynamic economy of israel despite the challenges you face. we ll see you soon, sir. it s a tiger come and invest. maria: thank you so much prime minister benjamin netanyahu. thank you. maria: and the fate of the iran deal now in the hands of lawmakers up next i ll speak with house foreign affairs committee ed rise with me coming up and then live with treasury secretary steven mnuchin about tax reform will we get it this year, what would you like to hear from all of the above follow me on twitter at maria bartiromo at sunday features stay with us quick break looking ahead right now on sunday morning futures. zar: one of our investors was in his late 50s right in the heart of the financial crisis, and saw his portfolio drop by double digits. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn t be able to retire until he was 68. the client realized, i need to get back into the markets- i need to get back on track with my plan. the financial advisor was able to work with this client. he s now on track to retire when he s 65. having someone coach you through it is really the value of a financial advisor. but can also loweresterol, your body s natural coq10. qunol helps restore this heart-healthy nutrient with 3x better absorption. qunol has the #1 cardiologist recommended form of coq10 qunol, the better coq10. maria: welcome back well it is now up to congress whether to to reimpose sanctions on iran and unravel the nuclear deal. some republicans are eager to take new steps to counter iranian aggression but some democrats are determined to honor the agreement with iran. let s bring in california congressman ed royce and mr. chairman good to have you on the program. maria thank you. maria: thank you so much for joining us. your reaction to benjamin netanyahu just now? well i think he laid out the important case here is that iran is moving forward with an intercontinental ballistic missile system and intercontinental means from there to here so as they test these systems out to try to get a missile that will hit the united states and boast about their intention to do so, they know they ve only got 10 years left in this agreement and we know that we can t get the iaea, the international inspectors into some of the military sites where we have suspicions about activity. we know also that iran is moving their cords forces and irgc, the iranian revolutionary guard into syria up against the border with israel while they re very already overthrown one of our allies in the region which was the government of yemen and are now flying missiles into rihad from there. given all of this action of course we ve got to strengthen this deal and not only do we have to strengthen it we have to do something to put sanctions on with respect to the ballistic missiles that they ve re developing. maria: all of the reasons the president would not certify this deal. this weekend, so how will you approach these very serious flaws that the president has mentioned and the prime minister of israel as well including the sunset clauses for example, which ultimately will enable them to get a nuclear weapon as well as the insufficient enforcement, the fact that we cannot view their military site. how will you approach this and change those flaws? so there s two parts to this . the first is what do we do about their ballistic missile system and that s answered by the legislation that i passed out of the foreign affairs committee and the house this last week. that will go to the house floor for passage into the senate and it had broad bipartisan support. the reason we re addressing that obviously is we can use our considerable ability to put u.s. sanctions in place, specifically on that. second, last week, we also passed legislation having to do with sanctioning hesbolla. that will needs to come to the floor of the house when we and will pass into the senate and that will allow us to cutoff the financing and begin the support network to curtail iran s proxy and then the last part which you just mentioned, we have to sit down with our european partners. i ve discussed this with some of the ambassadors, and so we need to talk with them specifically about extending out this sunset. we will lead on this but you might be surprised to note that the french for example, have also expressed some interest in expanding out that sunset so that that doesn t expire in 10 years. lastly, your point about getting on to the military bases. we have in the original agreement arguably and i led the opposition to the agreement on the house floor but there is a provision in there that if we enforce the hell out of this agreement, we could push the point that we need to have access to military bases where there is this kind of research going on. we need to do that. maria: real quick is iran going to retaliate here? well i think iran is already on the march. iran is already doing frankly everything it can with the $100 billion that unfortunately they got through this agreement. so the choice here is ours, curtail them or not but clearly, the impact is already there. maria: sir thank you. they re as aggressive as they can be. maria: mr. chairman thank you we ll be right back. psoriatic arthritis tries to get in my way? watch me. i ve tried lots of things for my joint pain. now? watch me. think i d give up showing these guys how it s done? please. real people with active psoriatic arthritis are changing the way they fight it. they re moving forward with cosentyx®. it s a different kind of targeted biologic. it s proven to help people find less joint pain and clearer skin. don t use if you are allergic to cosentyx. before starting cosentyx you should be checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms of an infection. or if you have received a vaccine, or plan to. if you have inflammatory bowel disease tell your doctor if symptoms develop or worsen. serious allergic reactions may occur. with less joint pain, watch me. for less joint pain and clearer skin, ask your rheumatologist about cosentyx. whentertaining us,es getting us back on track,hing? and finding us dates. phones really have changed. so why hasn t the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit or go to xfinitymobile.com. maria: welcome back. coming up in the program we are talking about tax reform. we will sit down with the treasury secretary steven mnuchin coming up this morning, so stay with us as we get an update on where the administration is in their tax package coming up steven mnuchin will join me live and president trump says he s ready to pull the u.s. out of the iran nuclear deal if congress fails to re negotiate this agreement, former connecticut senator job l ieberman has always been against this deal and he joins me now senator good to see you. steve: you too, maria. maria: thank you so much for joining us. how easy or tough will it be to get our arms around these flaws that the president has discussed including we can t even go view their military facilities to see what they re doing? senator: i totally agreed with the president s decision that sort of showed again elections have consequences. we went from the administration that stretched to reach this agreement and protected it almost at any cost regardless of what iran was doing to now. this administration which basically says this is a bad agreement for the security of the united states. i thought the president made the right decision, did it in the right way. he could have withdrawn the other day on friday but he basically said to congress, our allies and the iranians we re going to pull out of this agreement unless it changes because right now it s not in the national security interest of the american people. is it going to be hard to change it in congress? it will but honestly what can be done and what should be done shouldn t be there that hard. one we re asking the iranians to essentially agree not to develop nuclear weapons that was the whole purpose of the sanctions and the deal only puts a pause, puts the brakes on and says in eight or 10 years you can start doing things that will allow you to build nuclear weapons again. the supreme leader in iran says that he doesn t want to build nuclear weapons anyway. okay let s make that happen. second, how can you have an agreement that you have any trust in on something this important if you can t really inspect anywhere any time particularly the military sites where they would be cheating if they were cheating and this i rain january regime has had a bad record of cheating a lot on international agreements. maria: the prime minister ben am yeah in into a moment ago would not go into intelligence he may have right now in terms of iran potentially working with north korea. do you believe these two are working together in terms of a nuclear program? senator: well, we know enough on the public record to know they are. the extent to which iran and north korea are working together , it is the only question. in other words it s not whether they re working together. it s how much they re working together. i mean, we know that the top leaders of the i rain crane nuclear weapons program were in north korea when north korea did some of its first testing of nuclear weapons. we know north korean designs for intercontinental ballistic missiles have been reflected in the inter intercontinental ballistic missiles iran has sent up so there s cooperation there. the worst nightmare and i don t have any evidence but i ll mention it the worst nightmare is that iran has outsourced its nuclear program to north korea while it s on the surface observing technically this agreement. because there s stuff to be suspicious about, a lot of people laughed at former president bush when he talked about the axis of evil. i think it s pretty clear today north korea and iran are in alliance of evil aimed at the united states of america. maria: that s why i bring it up you re right the axis of evil is in my head from so many years ago because it s feeling like it is happening again. let me ask you about the revolutionary guard. treasury secretary steven mnuchin has a big job to understand what he can do in terms of the revolutionary guard how important is it to put sanctions against the revolutionary guard, talk to us about who they are and what they control in iran? senator: okay this is one of the really important things that president trump did on friday and friday was an important day. some say oh, he kicked it over to congress. no he took what had been statements before, made it official american policy, and said fix this or i m going to withdraw it and he has an absolute right in my opinion as commander-in-chief to withdraw from the iran nuclear agreement, because it s not even an agreement. it wasn t a contract both parties signed. it wasn t a treaty that congress the senate ratified. it was sort of simultaneous diplomatic promises. irgc was started out as a private military force created by the iranian revolution because it didn t trust the army and it has grown into one a massive military force with tens of thousands of troops in syria, killing syrians and yemen and iraq killing yemen and iraqis and it also essentially is the dominant force in the iranian economy so if our treasury secretary can sanction the irgc, it s going to hurt the iranians economically. it s going to dissuade a lot of global companies from going back and doing business in iran. incidentally president trump s announcement on friday one immediate effect? a lot of companies who were thinking about going in iran are going to hold back because the risk of doing so now is much higher. maria: i think you made great points we ll speak with treasury secretary coming up this morning to talk about that and by the way to put a cap on this i was really interested hearing prime minister benjamin netanyahu say that france is interested relook ing at all of these things because we also have to remember the other five players here but so far we ve heard from france apparently that it s interested also taking a second look here. senator good to see you thank you for your leadership we appreciate your time this morning. thank you. maria: senator joe lieberman. republicans are eyeing an end of year tax reform hoping to give americans the biggest tax cut in our nation s history treasury secretary steven mnuchin will join me live to tell me where that will stands in a moment. i was a good soldier. i had purpose and i loved it. you never told me you were a hero. i m not. i m only human you all right? i make mistakes no, i m not all right. i m alive because of you. we re brothers. we look after each other. thank you for your service. rated r. maria: welcome back. we turn to tax reform treasury secretary steven mnuchin confident a bill will be done by senator but senator ted cruz is warning the process could leak into the new year for more let s bring in treasury secretary of the usa steven mnuchin. mr. secretary good to see you thanks for joining us. secretary: good to see you as well always great to be with you maria. maria: we were talking about iran a lot this morning with prime minister benjamin netanyahu so i ll get to that coming up. i d like to get your take on things as well but let me start with the budget battle and of course, we ve got an important week coming up. what are you expecting from the senate this week in terms of the budget bill going down to the floor for a vote which of course would open the door to reconciliation and the forward move on tax reform? secretary: maria as you said we re looking forward to the senate s budget vote this week. it s a very important part because it does establish the reconciliation instructions for tax reform. i ve had the opportunity to speak to many senators about this and we re looking forward to them passing it this week. that will be a huge step towards tax reform. maria: so that allows you to take the tax reform bill through the reconciliation process. let s talk about that for a moment because recently, this deduction elimination of the state and local taxes has been a debate. where are you on that? is that going to holdup this bill? secretary: maria i don t think it s going to holdup the bill and as you know i ve had the opportunity to work with the president for over the last year and a half during the campaign on tax reform. its been his top priority. i ve been working on this since january, and we understand the issue on state and local deductions. as i said i ve lived in california, new york and i know the impact on both those economies and we re trying to balance on the one hand we firmly believe that the federal government should get out of the business of supporting and subsidizing the state and local deductions. on the other hand, we are sensitive to those economies and we re working with the house and senate on this issue. maria: i guess on one hand, if you have a deduction and you re able to deduct your state and local taxes, it sort of gives the governor of that state or the mayors in that city free wheeling to just raise taxes or leave taxes wherever they want. secretary: that s true maria and i know that people in new york and california will say that they send more money to the federal government that they get back but that s because more rich people live in both those states and the way the tax system works, i think you know. the top 10% pay 80% of the taxes in this country. maria: yes, i do know that and i ve been saying that a lot which brings me to the conversation of aren t some people in this country going to pay higher taxes? if in fact you eliminate that deduction and then you come up with this fourth bracket, you know that s what rand paul and i were talking about this past week. listen to what senator paul said about the idea that if you do eliminate that deduction and come up with another high bracket for the millionaires, you re actually not cutting taxes. listen to this, sir. senator: i think one compromise might be for those below a million dollars, they get to keep the deduction or you get to keep apart of it maybe seven points of it instead of the full 12 if you re in new york or california. there s all kinds of compromises but to me the bottom line isn t so much which solution, it s just you don t have a significant number of middle class folks getting a tax increase. i think that kills the deal. maria: 100%, he s talking about the bring its tax cut in history and yet you re going to remove that deduction and you re going to come up with a fourth bracket what about that a fourth bracket for the millionaires, you are talking about higher taxes, certainly for the highest earners they get a tax increase agreed? senator: the top 1% pay about a third of the income tax. the top 25% pay almost 90% of the income tax, so if you take this class warfare of theology and say oh, we re not going to cut taxes on those who are successful guess what you won t cut taxes because that s where all of the taxes are paid so i m a big believer yes you should cut the top rate. maria: so what about that secretary mnuchin? are you going to cut the top rate? secretary: well maria as you know, right now, we set the top rate at 35% and the idea there was that in the high tax state, that would not be a tax cut and it wouldn t be a tax increase for them, but we re going to work through these issues. we look forward i ve had conversations with senator paul and others on this and as you know i ve said from day one its been the president s objective that this is about a middle income tax cut. this is not about a tax cut for the rich. maria: right, and in terms of the estate tax, that s something i know you re facing some pushback in the senate. are you going to be able reverse the estate tax and do away with that or do you think you ll have to keep something like that in just to get the votes in the senate? secretary: well maria, this has been an important republican doctrine for a long period of time. it s partially a philosophical issue. it s partially an economic issue there s a lot of people that do have family businesses that we want them to be able to pass it on whether they re farms or small businesses. on the other hand as i said this week, obviously the estate tax when we talk about no cuts for the rich, we re talking about the income tax system. the estate tax system is just fundamentally unfair, people pay about 50% taxes every year and then they pay another 50% taxes when they die but this will be one of the issues we continue to discuss with congress. maria: so it s double taxation basically? secretary: it s beyond double taxation. maria: yeah, so in terms of the pushback, secretary mnuchin, is that really what you re seeing state and local tax deduction, the property tax deduction, and potentially the estate tax deduction or is there other disagreements in terms of this overall package? secretary: maria the good news is we have a consensus with the leadership in the house and the senate. as you know we ve been working on these issues all year. these are difficult issues. tax reform hasn t been done in 31 years. if this were simple, it would have been done before, but president trump is committed and i am committed to getting this done this year and we are confident that that s going to occur. maria: we re already seeing anticipation of a better economy getting better numbers 3.1% gdp. secretary mnuchin i want to take a quick break but when we come back i want to ask you how you get to 50 votes. are you going to need democrats? how do you see the path towards passage? we ll talk about that when we come right back. secretary mnuchin is with me this morning on sunday morning futures stay with us. maria: and welcome back we are back for more now with treasury secretary steven mnuchin and secretary mnuchin you ve been very clear that your priority with this tax bill and this reform package is about job creation and it is about growth and you believe that we will see growth as a result of cutting taxes and that will help pay for the plan. is the idea of being revenue neutral or deficit neutral off the table at this point? secretary: maria not at all. the math is very simple. we have a trillion and a half dollars that will be in the reconciliation. there s 500 billion that s the difference between policy and baseline, and we think that we should be scoring this to policy , so that takes the number down to a trillion dollars negative. we think there s $2 trillion of growth that will take this to a trillion dollars positive and if you don t believe in our growth and you believe in half the growth, it will be revenue neutral, so those are the simple numbers. kevin at the cea is working both internally and with a bunch of economists and once we come out with all of the details of the plan, it will be fully scored, it will be fully supported. maria: what kind of behavior are you expecting in terms of change from managers of businesses, from ceos that are the job creators in this country , if they do in fact see a much more attractive environment if they take money back from overseas, $3 trillion coming back to the u.s. because of the tax plan, or a 20% corporate tax rate or a 25% pass through. what will they do? secretary: maria as you know the stock market is at record highs and there s no question that a significant component of that is in anticipation of us getting tax reform done and regulatory relief done as well so i think the market is anticipating we ll get this done & companies are already beginning to invest. this is about making a competitive business tax system. as i ve said before, we have one of the highest corporate tax rates in the world, we tax on worldwide income, we have this crazy concept of deferral where if you leave your money offshore you don t pay u.s. taxes so not a surprise we have international companies sitting with trillions of dollars offshore so we call this as much of a jobs act as it is a tax act. this is about creating american jobs. maria: secretary, would you explain the road to passage here you need to get to 50 votes and we know that it is long and hard fought process over healthcare and at the end of the day, john mccain votes no, some people who we thought would vote yes voted no, and the deal falls apart. so given what we know about a feud between senator corker and the president maybe mccain did something for personal reasons i don t know. is the president perhaps potentially damaging the chances of closure getting the votes required by the feuding? secretary: not at all maria and i ve had many conversations with senator corker on tax reform. he s been incredibly helpful in regards to where we are in the budget. i think he was part of the agreed upon compromise to get the budget out of the budget committee and on to the floor and i think the senate understands the importance of this and i would also just comment i hope we get a lot of democrats on board as well, because cutting taxes for the middle class and making business taxes competitive for jobs. i think that s something that democrats understand as well. maria: so do you think you will get democrats perhaps from some of the states that the president won like in north dakota? would heidi heitkamp be there, could congressman donnelly be there? secretary: i m not going to comment on any one senator where they would be, but as you know we ve invited democrat senators to come along on air force one with us and go to the tax speeches and they understand in these states how important this is for their economies and for their constituents. maria: so do you think you could be seeing a mix of republicans and a couple of democrats in terms of voting for the tax bill? secretary: i would hope that s the case as i said this is critical to the economy and i would hope we get many democrats voting with us. maria: let me turn to iran secretary mnuchin because of course we know you ve been authorized you further sanctioned the revolutionary guard for its support of terrorism. here is what the prime minister benjamin netanyahu just told me about that. that is a very important step and i will say we like to see it implemented obviously because the revolutionary guards are the main instrument of iran s aggression throughout the middle east. they re flying rockets from yemen through their proxies that reach 700-kilometers right into the rihad in saudi arabia. they re trying to colonize syria and turn it into a military base against israel and against others so iran s aggression continues unabated in fact fueled by the megabucks they receive from this deal and that s nothing compared to what they will receive tomorrow unless we change course. beginning those sanctions on the revolutionary guards is a very important first step. maria: are you planning on instituting those sanctions, sir secretary: i am maria and let me just explain that most people may not understand this but sanctions and terrorists financing are a very very important part of what we do at the treasury department. i probably spend half my time on this. so as it relates to iran i ve had the opportunity with part of these discussions both at the national security council with secretary tillerson, with secretary mattis, with director pompeo. we ve had many discussions i ve participated with the president in the oval office on these discussions and i fully support president trump s plan here. this is very important. i ve just finished three days of meetings with my counterparts here in washington at the world bank and imf meetings and i ve had very direct conversations with my counterparts around what we re trying to do with iran. maria: do you think they will be on your team? will they agree to sanctions as well? secretary: i think they completely understand there s an issue in regards to the term of the deal. i think they also understand that iran is violating u.n. sanctions outside of the deal and we re going to be working with them on that. maria: secretary, thank you. thank you so much secretary steven mnuchin back in a minute. thank you. maria: welcome back time for the panel ed rollins former campaign manager for the reagan bush ticket in 1984 lee carter president and and and partner at the communications firm. good to see you both. executive order last week from the president on healthcare, your thoughts? my thoughts are he basically is living up to the law. money has near been appropriated it was authorized in the bill do get companies but never appropriated if you don t appropriate it until legal and federal court told him the justice justice department said you can t spend that money. i think it s fascinating the way he s doing this from daca to this using executive orders to push congress to do their jobs, but the bottom line is congress needs to coming to and get healthcare donor else people are in a lot of trouble so this is very interesting move on the part of the president and a strategy he has to move forward to get things done. maria: so you think this is the right move then? i think it s at the federal court you can t spend money not been appropriated by congress. congress sued obama and the bottom line he s undoing all these executive orders that were not properly executed biowoman a maria: a word on tax reform we ll hopefully see the budget bill go to the floor and the senate this week they ve been on vacation so once that happens the doors open for reconciliation. steven mnuchin was pretty confident he will get the votes your thoughts? i think he s a little overly optimistic. i think there s a long ways to go and they haven t been very good at counting votes so far and they have a hard battle ahead. maria: hard battle ahead? i m concerned because when we talk about removing deductions on the wealthiest you ll get conservatives who say this is not a typical conservative bill so he might lose republicans and that s a big concern and when he has many democrat democrats i don t know who they are maybe one or two. maria: well there s donnelly, heitkamp, there s minnesota chin but none publicly said i ll support the president. i think if they were they would be out talking about it. maria: if they don t, aren t their states, their states were won by president trump. it doesn t matter i ve done this for 50 years. there s no guarantee because a presidential campaign wins it the senator can go different. maria: sounds like you re skeptical of the tax reform? i think they have a lot further way to go than the treasury secretary. i hope he s right. i m skeptical i want more details and hear them selling this plan better. i do think there s issues the way they present it for the conservatives to take on especially when you talk about the wealthiest not getting a tax cut and i think there s a lot of democrats who are easily saying this is for the wealthy not for everybody else so a lot of talking points aren t being taken. maria: we ll leave it there, lee carter ed rollins great to see you both an abbreviated session today. i ll see you tomorrow fox business networky mornings with maria 6:00 a.m. see you then. in : . : . the story alleged he wanted. [inaudible] that was just fake news by nbc. i never wanted that. they give a lot of false news lately. it s disgusting the way that press is able to write whatever they want to write. i have looked into it and you might want to start looking into it to mr. president. did the story or the president s response go too far? new troubling sexual assault allegations against harvey we
later on in the program, author and journalist god an chang joins me and i ll ask him about president trump s successful trip to asia and decision to designate north korea a state sponsor or terrorism we look ahead right now on sunday morning futures. and the gop tax bill which would lower the rates across the middle class is now in the hands of the u.s. senate. after the break they will come back this upcoming week and decide the fate is far from certain though as a few key republican senators have already come out against this bill. others say they are leaning against it. so, can the gop get everybody on board and be a successful tax plan and change the code? joining us right now the man behind the tax overhaul, texas republican congressman kevin brady he s chairman of the house ways and means committee. mr. chairman good to see you again happy thanksgiving. thank you, hope you had a great thanksgiving. maria: listen, we want to talk about this tax bill we know in the upcoming week the senate is going to get down and dirty do you think this bill when you all go to conference and you compare the house bill and the senate bill, is it going to look much different? tell us where you are, mr. chairman. i know there are things you re talking about these state and local tax deductions. you re talking about what ron johnson has a problem with the difference between the corporate rate and pass through rate. give us your status check. so i m really encouraged by how pro growth both of these tax form plans are and again both of us are driving towards the agreement we reached with president trump earlier this year. i think there are so some differences that we ll want to reconcile on the individual rights that the senate has seven brackets, we have four. how we address our small businesses in a major way we ll want to do the best we can there as well and then of course how we design and redesign i would say our international tax code so our companies can compete and win anywhere in the world including here at home. those are three areas i know we re going to want to spend some time to find common ground. maria: but what are you going to do with the fact that 6 million from california use the state and local tax deduction? new york as well feeling like they pay into the federal government a lot more than they get back. when the final bill is all said and done, ready for a broad vote , you re not going to get those people on board who say their constituents are seeing higher taxes like peter king who we will speak with momentarily as well as others in california, illinois. is there room for movement on that state and local tax deduction, sir? so at the end of the day, i think we re going to be able to prove that we can provide tax relief for all americans regardless of where they live and so we have been working very carefully with our high tax state lawmakers. i know too those high tax states are already rethinking how hard they tax their citizens because congress is actually for the first time saying look, why don t we rather than have high tax rates and everyone just subsidize and pay each other s taxes why don t we lower the tax rates for everybody and just pay your own. it is a new way of thinking, but we are working with our high tax state lawmakers to make sure there is real relief and at the end of the day, i think the house bill did a very good job of addressing this issue. i think we can do better and we pledge to work with our state high tax state lawmakers to do exactly that. maria: you re saying there is potential you will make changes to meet the president s deadline obviously his priority is getting this done this year. here is what he told me a couple weeks ago mr. chairman watch this. tell us where we stand on the tax plan right now? president trump: there s a great spirit for it people want to see it and i call it tax cuts so it is tax reform also but i call it tax cuts. it will be the biggest cuts ever in the history of this country, and i think that there s tremendous appetite, there s tremendous spirit for it not only by the people we re dealing within congress but for the people out there that want to see something. maria: and yet, he wants that on his desk by the end of the year. you think you can do that even though senators like ron johnson have an issue. he wants change in terms of the corporate rates, the business rates. yeah, so maria i believe we can. i predict we will have a new tax code for the new year and for a new era of american prosperity. we deserve it. americans deserve a new tax code and i ll tell you whether you re a new yorker or california, illinois, we re continuing to see our jobs and our plants and our research march overseas it s time to end that and i think any senator, any member of congress who defends the status quo look i think americans are hungry for a new code. maria: let me ask you this mr. chairman. the president and you as well keep saying this really for the middle class. the tax cuts are going to impact the middle class and they are going to put more money in their pockets. we get that but at the same time , we had an economist on my morning program this past week, stephanie palmboy and she says look, the top 20% in terms of earners spend more than the bottom 60%. they re the ones spending the money and they re not really getting the relief because you ve got the top ed in some cases seeing their taxes go higher because of this elimination of the deduction. here is stephanie got to get your reaction, mr. chairman listen. what s concerned me is that all of the focus has been on the corporate side which is great again. you know, we do need to reform the corporate tax code. it doesn t do enough for consumers, especially at the high end. i mean i hate to say this and we ve talked about it before but the top 20% do, they spend more than the bottom 60% of consumers maria: what about that, mr. chairman? are you cutting taxes on people who don t pay taxes and raising taxes on the people who pay taxes? the answer is no. we provide tax relief at every level. i know the house tax reform plan that we passed 70% of the tax relief goes to those families making less than 200,000 so sort of that range of middle class from the low tax to the high tax states that we all worry about so we deliver in a good here but we deliver tax relief at every level and you have to look underneath that rate itself because we re continuing the mortgage deduction, charitable deduction, the property tax deduction we eliminate a number of those provisions. i actually did impact and raise taxes on our more successful americans because we make those changes underneath the rate you have to look more carefully than you did in the past and at the end of the day everyone will keep more of what they earned. maria: i totally believe that moving the corporate tax rate the way you are hoping to will actually have broad impact and move the needle on economic growth but let me ask you got to get to the spending side of this mr. chairman because you guys just passed a budget really narrow margin $47 trillion budget and yet, not a lot of spending cuts, sir. people are wondering when in fact the $20 trillion in debt we talk about so much becomes a priority when will that be, sir? yeah, you know, i think it is in this tax reform plan. here is why. look, every business that gets itself in trouble has to do two things and cut its spending and it has to increase its revenue. tax reform is all about increas ing that revenue and i also will tell you that just as taking a step back to a comment you made when you look at our high tax states. many of them are also economic engines in the u.s. economy so when you lower those rates so our businesses whether they re main street businesses or they re competing around the world can compete and win and reinvest those dollars back into the united states, all of which they can t do today you re going to see growth in state and local revenues, you ll see it in individuals and families pocket books you ll see it in higher paychecks along those main street businesses, so look, there is a lot from an economic growth standpoint that this tax code really drives. maria: look, you ve got, you had $1.5 trillion to work with. that was what was agreed upon for your tax cuts. $900 billion of that are of the business cuts and i believe that because i do believe in the fact that when you create an environment for business that s more attractive they will in fact turnaround and invest and hire more workers. i get that but at the same time, when you re looking at this tax plan, people want change but you do seem to have lisa murkowski in the senate on the plan. they is agreeing to eliminate that individual mandate. do you think that makes it in the final bill? well look, we ll see we re anxious for the senate to deliver on tax reform, how they do it, the design they bring to the table. look we re just urging them and encouraging them on. the house as you know has passed the repeal of a mandate repeatedly so there s strong support here in the house for it and look there s a case to be made this is all about eliminating taxes on low and middle income families and individual mandate does hurt many of those families who can t afford don t want obamacare, so we re just encouraged the senate is acting and we hope they deliver this week and really anxious to get to a conference and find the common ground. maria: it s a big victory for you once you do pass this. is the next priority infrastructure or welfare or what? what s the next priority when you look into 2018 once this goes through? yeah, i think both of those, maria. infrastructure is a key part of our economy. we know more needs to be done but we need more qualified workers. we think a lot of them are trapped in the government today so we re anxious to help them get to that good paying job. maria: mr. chairman good to see you thanks so much. thank you, maria. maria: we ll be watching the developments chairman kevin brady. the gop lawmakers say it will have damaging effects because it eliminates deductions for state and local taxes being done at the expense of high tax states like new jersey, new york, new york congressman peter king will join me next and follow me on twitter at maria bartiromo at sunday futures let us know what you d like to hear on the program stay with us as we look ahead right now on sunday morning futures. statins lower cholesterol, but can also lower your body s natural coq10. qunol helps restore this heart-healthy nutrient with 3x better absorption. qunol has the #1 cardiologist recommended form of coq10 qunol, the better coq10. maria: welcome back the gop tax victory in the house puts president trump one step closer to achieving the largest overhaul of the u.s. tax system in three decades but 13 republicans join democrats in voting against this bill sighting the elimination of state and local deductions as one reason for their opposition. one is new york congressman peter king joining me now good to see you thanks for joining us very welcome maria thank you. maria: so walk us through what the problem is here. i recognize that a lot of people use that state and local tax deduction, in fact when you look at california which is the largest user of it 6 million californians use that deduction. what s the story in new york, how much will an average new yorker s tax go up without that deduction? we re still trying to compute that but it s definitely going to go up. i d say the average homeowner could have an increase of over a thousand dollars maybe more than that to 3000. again it s difficult to fully compute it right now but there s no doubt it will be increases and believe me, as much as anyone, wanted to vote for across-the-board tax cuts. i believe in tax cuts and john kennedy s tax cuts and i believe the bush tax cuts of the early 2000s. they work, but not at the expense of a whole region of the country and that s what s happening here. in new york, in my district alone like 48% of the people itemize and many of the homes, even though they re modest homes and the salaries aren t that high you could have people pay 15, 20, $25,000 in combined property and state income taxes and obviously there s homes higher than that so individuals get hurt and also the entire state will be hurt as far as revenue. maria: is there any reason to believe that congressman as much as this hurts and you are going to see your constituency higher taxes since they can t use that deduction any more is there any reason to believe this is actually the right thing to do because these high tax states hide behind the fact that they could use that deduction? i mean look at new jersey. the new state legislative comes in and first thing mr. murphy said when he won governor of new jersey is i m going to get going on my higher taxes and raise taxes on the millionaires and get that millionaire tax going and yet, after the news of the tax plan hits, the state legislature, the new jersey senate president says we re going to have to reevaluate everything. if the federal bill repealing the state and local tax deduction becomes law, i m just saying that what s happening in washington is concerning the hell out of me he says, so in other words what i m saying is over time, maybe the elimination of this deduction will get these governors and these assembly people to say you know what? i ve got to cut taxes on a state level because they re sky high and hide behind the federal government. yeah, but it s not exactly like that. i agree that murphy coming to new jersey that would have been guilty of excess there and we ve gone through eight years of chris christie where he did try to put some controls on spending the fact is theres always going to be higher taxation in states like new york and new jersey because of the fact that we get short changed on federal revenues. we ve gone over this before, but new york gets $48 billion less from the federal government and pays in revenues and other states get twice as much almost twice as much back as they put in, so we have to make that up somehow. if we can get that $48 billion back in new york that would make it a lot easier for us to reduce the revenues or to reduce the tax rates. so that s all part in there and i m saying treatise alec wallly and i don t think it benefits the entire country when you have one whole region of the country and in fact having a redistribution of wealth away from us. maria: you make a lot of good points congressman. i know what you re talking about living in new york by the way. let me ask you this. do you expect the senate bill to look very different than the house bill? because susan collins said look, i think we should leave that deduction in there. what do you think stays, what do you think goes when senators come back this upcoming week? i would hope first of all i have great regard to senator collins and i m glad she s brought this up because in some ways she s a lonely voice on the republican side on this issue in the senate but again she s said she believes that it can be found to do it maybe a slight adjustment in the corporate tax rate but again i think the problem here was right from the start. they saw this large amount they could take and i was going to finance the tax cut. i mean they are talking about they can go up to 1.5 trillion and 1.3 trillion they claim is coming from salt. i mean to me it was too easy a target and also from states that let s face it don t have that many republicans in them. maria: yeah. so the money was there and i think that was part of the thinking but senator collins our vote is central for them to get to 50 they probably have to get senator collins and i hope she can hold out. maria: let s talk about the impact and let s say hypothetically speaking the elimination of that deduction stays in the final work that goes to the president s desk. are you expecting mobility in new york and new jersey and california? in other words a lot of people are predicting we re going to see an exodus if people leave high tax states. why would you pay for example, what is it 57% when you look at state and local at 17% and highest earners at almost 40%. 57% income tax why are you going to pay that when you could go to florida and pay nothing? so are you going to see an exodus of people that will depress real estate prices, that will mean taking money away from education, so what do you think, impact? yeah, there s already been some of that but i ve spoken with a number of businesspeople that i guess they call themselves the 183 club in they make sure they re out of the state to move out of the state they won t have to pay the income tax and this is again it was already developing but it s going to i think i could see a mass exodus coming. the whole week i ve been home since this vote was cast, i ve been hearing from rankin file trump voters people who own their homes and people who are hard working wage sweeteners but i m also hearing it from the business community big people in the business community who feel this will terribly impact them and they are talking about moving their address to north carolina, florida wherever. maria: wow. and that then will have a compounding effect because it will be less state revenues available that means local governments have to raise property taxes and really a vicious cycle and again it s a massive tax cut to the country but a big hit on one whole region of the country and i think it s bad. across-the-board. maria: certainly not the effect that lawmakers would like to see. congressman good to see you we ll watch the developments thank you so much. maria thank you as always. maria: congressman peter king we ll be right back. stay with us sunday morning futures right here. definitely you. (santa) ho ho ho! shop like a pro at the bass pro shops cyber monday sale! check out basspro.com for incredible daily deals plus free shipping! when it comes to travel, i sweat the details. late checkout. .down-alternative pillows. .and of course, price. tripadvisor helps you book a. .hotel without breaking a sweat. because we now instantly. .search over 200 booking sites .to find you the lowest price. .on the hotel you want. don t sweat your booking. tripadvisor. the latest reviews. the lowest prices. president trump: today the united states is designating north korea as a state sponsor of terrorists. should have happened a long time ago, should have happened years ago. in addition to threatening the world by nuclear devastation, north korea has repeatedly supported acts of international terrorism including assassinations on foreign soil. maria: that was the president following his historic 12 day trip to asia. the president declared north korea a state sponsor of terrorism called on the rolling nation to end its unlawful nuclear missile developments and gordon chang says north korea could have nuclear capabilities to hit the united states within nine months joining me right now thanks for joining us. thanks. maria: why didn t it happen sooner when the president deemed them a terrorists state sponsor? there s a lot that goes into this. there s a very complicated definition of terrorism for purposes of this list. state department needed to work through that and they just picked a time when they could also talk to japan, south korea, china, all the countries in the region laying the ground work on the president s 12 day trip, so that s why it happened after the trip, not during the trip. maria: so tell me what the implications of this are, declaring them a state sponsor of terrorism means what in a practical manner? well there are a handful of sanctions that come into play when a nation is put on to the list and you know a lot of these measures are not important in and of themselves so some actually duplicate sanctions already in place but the important thing here is that the president has a long and consistent campaign to cutoff the flow of money to north korea this just adds to the pressure. also, it adds to the pressure of the sanctions that were put in place by treasury this past week , so this is important. we re starting to see they re having an effect on north korea so for instance junior officials in part of the regime s favored class are not getting their rations from the special distribution channels. at least according to anecdotal reports but all the anecdotal reports are in the same direction that the regime is, running out of cash. we re not there yet of course. it s going to take several months but the trump campaign to cutoff the flow that s actually working now. maria: i see, so the president seemed to have a good trip. he came home talking about $250 billion in new deals between chinese and american companies when he was in beijing how would you characterize the president s trip? well the trip was really good because he reassured allies and got two very difficult friends of ours, the president of south korea and the phillipine president, there are our allies but they were moving in directions we didn t like. in beijing, he sort wilted in terms of the public comments but behind the scenes american policy was very good. we told the chinese where to get off on a number of issues including sales to taiwan and actually chinese agents operating on u.s. soil. we told them to stop it. that s a very good thing because they ve been here a long time, been doing a lot of things just in consistent and violation of american sovereignty, so the president s trip was really good laid the ground work for some important things that have to go on. what goes on now is really difficult. he laid the ground work. maria: i m wondering what the sanctions mean though, really, because somebody mentioned to me the other day look who cares about sanctions against north korea? the leader does not care about his people, so what does he care he s getsing sanctioned? are they effective and do they work? well they will work if the president continues putting pressure on north korea s back like russia and china. and it s not just russia and china. it s countries in africa and around the region that are actually supplying money to north koreans through various means and the president worked very hard to do that to stop that and so this is going to be important. it s not very sexy but it s a very sort of ground and pound game. you go to all these countries and get them to close consolates , embassies and you get them to not import north korean labor and to make sure they don t sell certain items to the north koreans. treasury and justice department have a lot of work for them to do. maria: the president uses tough talk to make a standpoint and make a move. is that working? what i m visualizing right now is the enormous armada that we have off of the korean peninsula sitting there. i m sure china doesn t like it obviously north korea doesn t but basically sending a message. we are ready should you make a mistake north korea. is that right? yes, well we have three carrier groups near the korean peninsula. three carrier groups is important because with two you can not conduct around the clock operations with three, you can. now the only issue there is some of those carriers have been on deployment for quite some time and will have to be withdrawn but what it does is sends a message that we are prepared to strike if necessary. now, i think the president s pressure campaign will work over time. it will take maybe nine months to a year to do that but you know, basically what he s saying is that all the tools in the american tool box will be brought to bear against north korea and for the first time we ve got a president who is willing to use all these elements of national power against not only the north koreans but their supporters and backers around the world. maria: you re right so do you think north korea has shown any evidence that it s actually backing down in anyway yet? not really. maria: hard to say? people say for instance they haven t launched a missile since september. maria: that s what i m referring to. the chinese i think sop them from doing that because in the run up of the communist party the 19th national communist the chinese ruler demanded absolute calm because he wanted to consolidate his position didn t want anything to interfere with that so i think they told the north koreans thou shall not and also right now, the north korean military is preparing for its winter training cycle. they don t launch missiles this time of the year, so i think that it s a combination of things why north korea has been so quiet in the last several months. the real test is february when they really start up sending off missiles into space again. maria: oh, okay so we will be watching that gordon good to see you. thanks maria. maria: gordon chang is the author of nuclear showdown, north korea take takes on the world. coming up a handful of gop senators enough to scrap their version of the tax bill still withholding their yes vote. what will it take to turn them around, we re headed back to capitol hill next to see a look ahead on sunday morning futures today. back in a moment. maria: welcome back. okay washington is returning to work this upcoming week following their thanksgiving break. a handful of conservative and moderate republican senators remain, however who are still not committed to their version of the tax bill. so can this pass and reach the president s desk before christmas joining us right now is lee z eldan. another new york republican congressman who has a no vote on the house bill good to see you thanks for joining us. thank you, great to be with you. maria: what do you want to see out of the senate bill or see when in the next couple of weeks get down and dirty in conference to really come up with one piece of legislation to put in the president s desk for signing? how do you want it to look different? well for one, there are a lot of really good changes on the corporate side that you ll see on both the house bill and the senate bill. on the personal side, there are some aspects that are a little better than the house bill others that are a little bit worse. the senate brings back the medical expense deduction that s good. they have the mortgage interest deduction cap at a million dollars and the house version is at 500,000, and the senate proposes to fully eliminate the state and local tax deduction where the house version made progress in having a $10,000 property tax deduction cap, not enough progress for me but i d love to see us go even further than the house version. they are also talking about some of the changes that need to be made on the pass through rules and sense a for johnson, he s been outspoken in the need to make sure we re delivering more relief for small businesses. i think that we should be treating people who would be in the personal service space more like the person who maybe say a widget maker and where you have a 39.6% bracket and you re a new yorker and in the personal service occupation, then when you look at losing your largest item of the state and local tax deduction, if you had a mortgage interest deduction cap of 500, you don t have any more medical expense deduction but and then on top of that the pass through rules aren t applying to you because you are in personal service, then you ll see a big tax increase and then there s also the big impact important for middle income americans as well, when you start talking about district like mine and you had congressman king on which is half of my district itemizes and uses state and local tax deduction. maria: i think you make all good points. let me talk a little about the business cuts, 20% corporate 25% pass through. senator ron johnson said this doesn t make any sense and i m wondering why they re both not the same rate. when you look at the pass through companies this isn t just your hardware store on the corner. cargill employs 150,000 people that s considered a pass through , so why do some companies get a 25% rate and others get a 20% rate i don t understand that. and others would be paying a higher rate than that. so i think that it would be great to be able to level the playing field more, where we have an important shared goal across both chambers and the president trying to bring the corporate tax rate as low as possible and where i was supportive of the president going on to the 15 in the original proposal now to 20. i do know from conversations with people are advocating for reducing the corporate tax rate they would be thrilled if at the end of the day it was at 22 so i think we need to look at level ing the playing field as much as possible and that is one thing i ve heard as well is the comparing the 20 to 25% rate and even the pass through rules at the 25% rate depending on the occupations. maria: what is the process at this point? they come back next week in the senate. they will mark up their bill. then the house and senate has to get together to come up with the best parts of both plans to make one plan; correct? walk us through the next couple of weeks. so if the senate were to say pass a tax bill as early as this week, right away you d have conf irees appointed. a conference committee between the house and senate would start meeting as quickly as possible to come up with a version of the bill that not only is agreed to at the conference committee but can be passed by both house and senate with the goal of having a bill on the president s desk by christmas. it s an ambitious timeline but it s doable if the senate passes a bill this upcoming week a conference committee starts meeting right away and they make a ton of progress quickly. you can get there. maria: if you were the last holdout, and they needed your vote in order to pass any piece of legislation are you going to vote no? you know you re all going to get out of a job if you don t get this done. yeah, i want to know what kind of changes are going to get made. the bill in its current form immuno-oncology pose if there are no changes that are made to it, i continue to oppose the bill. i would love to be able to improve the bill, i would love to be able to vote yes on a bill that gets us as close to perfect as possible but for me as i crunch the numbers i m not voting to raise taxes on this many of my own constituents i just won t do it. maria: congressman good to see you sir thanks so much. thank you. maria: we ll see you soon. so will the president s agenda take another step forward this week? we ll discuss it with our panel on deck right after this short break. we re looking ahead right now on sunday morning futures stay with us. (vo) the best gifts come with a special box. purchase $999 or more at helzberg diamonds and get an xbox one s, with 3 months of xbox game pass and xbox live gold. at helzberg diamonds. while supplies last. maria: welcome back. well this holiday shopping season also comes as donald trump is marking his first year as president, how is the trump economy shaping up right now and what should we expect? bring in our panel democratic strategist jessica tarlow is with us along with james freeman , both are fox news contributors good to see you both. thank you so much for joining us so i ve got a report from goldman sachs expecting four 2018 fed rate hikes because growth is getting better they re looking at the u.s. jobless rate down to 3.5% in late 2019. things have gotten better james. for sure. it looks like according to the atlanta fed forecast we re into our third quarter in a row of 3 plus percent growth that s new that we didn t really see that in the obama years, so it s still too early to claim that trump-onomics is working but all the signs are good. maria: one big sign is the tax plan jessica they have to get this across the finish line. they definitely do at this moment when you look at someone like john mccain who have rev el ed in his role as decision maker right on the healthcare bill where it was the last minute and the sly smile as he dropped his vote you don t know what s going to happen and he hasn t been that vocal about where he falls to say i want regular order and i want to go through the process. there s some outstanding senator s that need to be wooed, ron johnson, susan collins, even though lisa said she s okay with the individual mandate repeal which is very odd as it hits alaska very hard, susan collins is going to need some work and there s the deficit types and i ve heard as well that jeff flake it s not just about the deficit he wants to have it changed that the middle class tax hikes will go away in 2027 to have that formalized so a lot of concerns but no doubt it s looking good for trump at least for him to say it s working. maria: do you worry that these personal fights back and forth with john mccain, back and forth with bob corker are going to impact the agenda james? is that going to get in the way? it s a risk. maria: talking about healthcare right? yeah, i think it s a totally different at least a different vibe and i think more than that where you looked at the healthcare vote and they had real differences. i think the republican caucus and the senate is very unified on the idea that they do want this tax cut. yes, they are discussing details of it but i think they want to get this when they know they kind of have to for next year s elections so i think that it gets done and i think bob corker has made a commitment with his colleagues regardless of what the president is tweeting to cut a trillion and a half dollars in taxes, so i think that happens and john mccain, i don t see what the big objection is but he s always a wildcard so you never know. maria: we re looking at 2020 donna brazile making some comments this past week, she thinks there are more than 50 people who will run against donald trump. what do you think it looks like? 50 seems high but i hope we have at least 10 good ones. democrats really need to get it together. the generic ballot right now has us up 13-15 points going into 2018. if we can continue that, if donald trump doesn t get a big win as we said in tax reform looks like it should be the one certainly for the businessman president, then democrats are looking really good in 2020 but we don t have a barack obama yet we haven t had our 2004 dnc convention moment where we have our star and so 50 is high but i would like a solid 10 and it will be interesting to see the dynamics and we ve talked about this a lot as republicans clearly have their issues we have our own with the progressive left coming after this interest left as it were dianne feinstein is a great example of what s happening to her in california with challengers from the far left of the been it sanders camp so while a few months ago we would have said we ll see corey booker , we now have the far left eating them alive saying that maria: elizabeth warren. really an attack dog mode and they ve used donna brazile s book as a vehicle for that. it was rigged, bernie would have won, blah blah blah. certainly i think the scales were tipped i don t think you can rig 4 million votes but i understand the argument and why people felt disenfranchised by the process so we have to do better. maria: james? the president needs the tax cut to deliver the robust economy he s promising. that s one issue voters tend to give him very poor marks on everything except that and fortunately for him that tends to be what people vote on the economy but he s got to deliver there. i think where he s vulnerable is if the democrats choose to nominate a moderate, john hick en looper from colorado, somebody you could sell to middle america. maria: sherrod brown is my favorite. i don t think there s much risk they re doing that because you re seeing a slow motion take over of the party by bernie sanders and a lot of senators thinking about 2020 backing his single payer healthcare plan and i think the full on kind of rant that sanders represents, if that becomes a democratic party message i could see trump winning again and maybe winning big. can i just add to your point while i said the tax reform bill is critical to the success for the republicans we now have a non-partisan study out that says 50% of people will have their taxes raised. maria: i don t know if it s 50% that s crazy. i think it was the tax policy center that said that but maybe that s when the tax, maybe it s because it won the middle class tax last in 2027 but either way there s great messaging coming out of the left about how this is, tax cut for millionaires and billionaires. maria: we knew that was coming but that s another talking point. but the american public doesn t favor this plan so i wonder if it does happen if they will still want a time for a change and that s what happens to the natural flow of things anyway we could have a wave election. i think what you re going to get is these dualing studies are maybe important in the discussion right now. the bottom line is going to be does the economy grow and create jobs or not and i think if he gets that big corporate rate cut even if a lot of folks in the media, a lot of washington analysts don t like it he s going to get that growth and be very tough to beat unless democrats go kind of against where they ve been going and maria: change their messaging we ll take a break and more with this great panel, we re looking ahead this morning on sunday morning futures back in a moment who are these people? the energy conscious people among us say small actions can add up to something. humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caretakers, advocates too? turns out, it s californians it s me and it s you. don t stop now, it s easy to add to the routine. join energy upgrade california and do your thing. maria: and we are back with our panel jessica tarlow and james freeman. you mentioned the 3% quarters that we ve seen i think it s partly because of regulations. this president has been the least regulatory president and in congress, they laugh about the number of pages that president obama increased in terms of regulation, they say it s equivalent to 15 king james bibles, james? yeah, so we ve gone from the most regulatory president ever in terms of number of pages of rules and proposed regulations and final regulations spewed out in the federal register to essentially the least. you don t want to quite say this is ronald reagan because that s the gold standard but in terms of year one slowing down the federal machinery of putting out red tape this is a remarkable performance and it has a lot to do with i think growth picking up investment corporate investment picking up. maria: they re loosening the purse strings but they need every vote this is through executive order. they need every vote in order to get a win on the board and now we re facing this senate race in alabama and roy moore jessica, so we don t know where that vote is. no, we don t. the polling right now looks good for doug jones and he was up about eight in the latest fox poll and another poll as well, but you don t know what happens and hillary clinton was up in a lot of polls in certain states and that didn t work out. the big shift has been apparently with republican women i think it s up to 20% and alabama are now saying they re not going to support roy moore anyway, any more. kellyanne conway was on tv saying we need this vote because of the tax reform proposal, president trump seemed to say the same thing when he talked about it last week as well. that puts him i believe in a very precarious position. i thought this would have been an easy one. accusations of child molestation go so far beyond sexual harassment. maria: the accusations? i agree they are accusations across-the-board with all of these men who have been accused and some of them admitted obviously to certain things and not to others starting with charlie rose said yes to some and no to others. maria: wow. but the point is the president taking a stand on this and he has to say something. i think that it s so disheart en ing i guess to hear we just need this vote and i do understand that, but you are talking about lives and the lives of a child where this happened and you know, he deserves his day in court. we know the alabama voters will decide. maria: i was surprised to see ivanka trump weigh in. and then the president not follow her. maria: that s right. yeah, they re unproven. he s denied them but they do seem credible and they re quite disturbing. maria: mick mulvaney said it was credible that s what s really odd here. yeah, i think he probably loses. it is another argument to try and get that tax cut bill done before december 12 when this happens. they seem to think they re going to need his vote which i guess maybe should make us a little more concerned about the tax plan but i think they get it done. i think he probably loses, but i can understand if there are voters who are saying that you re dumping another big story like this on us right before we have to decide and we have an allegation and it s being denied and puts them in a tough spot. but what he could have done and what i thought he would have done since when that seemed strange, he could have said, you know, i told you from the first place which he loves, i said luther strange was the right guy and write him in and gop could have a write in candidate campaign. on the other hand maybe he s decided moore is going to win. maria: that s true too. james freeman, jessica great to see you on this long holiday weaken end that will do it for us on sunday morning futures have a great rest of the weekend i m maria bartiromo and i ll see you tomorrow morning bright and early on fox business network mornings with maria is 6:00 to 9:00 weekend. stay with fox news here is mediabuzz with howie zar: one of our investors was in his late 50s right in the heart of the financial crisis, and saw his portfolio drop by double digits. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn t be able to retire until he was 68. the client realized, i need to get back into the markets- i need to get back on track with my plan. the financial advisor was able to work with this client. he s now on track to retire when he s 65. having someone coach you through it is really the value of a financial advisor. television icon charlie rose fired. cbs news and pbs take charlie rose off the air after least a woman accused him of sexual harassment. they called and said are you okay? i m not okay. after reading the article in the post it was deeply disturbing, troubling and painful for me to read. charlie was apologizes for inappropriate behavior and how did this conduct stay secret for so long? and as the white house fires one of their own for
general jack keane will join me live and the dnc, donna brazile blasting critics after her book revealed a big divide in the democratic party mike huckabee will be here as we look ahead right now on sunday morning futures. and tomorrow, the senate is beginning its markup of its tax plan which we heard about last week. meanwhile the house is hoping to vote on its own version of the plan by the end of the week. many questions still remain one of the biggest is will the plan actually raise taxes on some americans? i m joined by right now by the president s chief economic advisor gary cohen. gary good to see you. great to be here. maria: thank you so much for joining us so give us a status check the senate is going to start its markup this upcoming week. what does that mean in terms of your timing tell us how you visualize this moving forward? gary: as you pointed out that s exactly right but we had a really good week last week. the house got the bill through the ways and means committee so the bill in the house is out of committee which means it will go to the full house next week, or this week i guess this week right. maria: this upcoming week. gary: we re going this week and the full house will start debating their version of the tax bill this week. the senate will be in committee for the entire week. we think by the time they leave by friday and go home for thanksgiving, we will have the bill out of the senate finance committee, so hopefully by the time we get to thanksgiving recess we will have the tax bill completely out of the house through the senate finance committee. maria: there are a couple of differences like for example, the senate wants to delay the 20 % corporate tax rate for one year. what do you think stays what goes when you actually put these two bills together the house and senate? gary: that s up to the conference committee. this is the normal way that bills are legislated in the house and the senate. the house has their version. the senate has their version. they will both get through a final voted version and probably end up with the conference committee and those will decide what stays and what goes and they will pick and choose the different parts that they think are important and they will pick the pay and come up with a compromised bill and go back to both chambers and both chambers will vote on the exact same bill and that s how we will end up with a tax law. maria: let me get down and dirty with you on these details because you ve got $1.5 trillion and that was agreed upon in the budget to spend on tax cuts, 1.5 trillion. $900 billion of that 1.5 trillion is the business cuts so is it fair to say that you are raising taxes on people like me, people like you, and millions of others in new york and new jersey and california as a way to pay for a 20% corporate rate? gary: maria what people are missing is we have a trillion and a half dollars net. what s in this bill, what s hidden in this bill, you have to go through and do the math is theres over $5.5 trillion of tax cuts and then there s over $3 billion of base broadenners, so there are a lot of moving pieces within the bill to get to the trillion and a half dollars, so you have to look at the bill in its entirety. you can t just say oh, it s x or it s y. it s a combination of everything that gets us to that trillion and a half dollars. maria: i understand that because the 20% corporate rate is going to impact everybody. you hope it moves the needle on economic growth. the elimination of the amt, you hope will hit a lot of people but the fact remains when you eliminate the state and local income tax deduction, i m getting a tax increase. if you re in new york, you probably are getting a tax increase so you re raising taxes on some people to pay for corporate tax cuts. gary: remember what our objective was. the president had two main objectives. number one a middle income, hard working middle income americans deserve a tax cut. they deserve to keep more of their hard earned income. both bills do that. number two, we lower the business tax rate. we lower it for corporate and we lower it for pass throughs. we lower it for small and medium size businesses in america. we need to do that because we re not competitive with the rest of the world. we need to be able to compete with the rest of the world. we need to allow our companies to be able to sell their products around the world. the tax rate that our businesses are paying today make them non- competitive. when they become competitive with the rest of the world do you know what they do? you know this very well. they will grow their businesses, they will expand, they will buy more equipment and more importantly, they are going to hire more people and pay them higher wages. that s how we re going to grow the economy. that s how we pay for the tax bill. maria: the committee for responsible federal budget says the tax cuts that add to the debt do less to grow the economy than fiscally responsible reform and may hurt the economic growth over the long term. she basically says sure you ll get some growth but growth cannot pay for this that s why have you to raise taxes on some people right? gary: we believe we re going to get enough growth and more than enough growth to pay for this. look, this goes back to how do you grow the economy. you grow the economy by making your businesses all businesses, small, medium and large businesses competitive. allow them to compete on a level playing field. allow us to sell our products around the world and allow us to hire our people and pay them more money. that s how we re going to pay for the bill and grow the economy. when we do that the history shows us we grow our economy and we re able to start paying down our deficit when we do that. maria: i m just wondering if this is going to mean a mass exodus out of places like new york which is what people are expecting because certain people are going to pay higher taxes when they lose that deduction. do you expect a mobility do you expect mobility people moving out of new york because they re saying why am i paying 53% when you include state, local, and you go to florida and pay no income tax? gary: maria that s been happening already. if you look at the texas and the florida, those states have been growing at a much rapid rate. much more rapid rate. if you re a business person today looking to expand, you look at the states that provide you with competitive advantage because of the tax differential so that s already been happening , so if businesses expand, they ve been looking at the tax differential that s been going on already. maria: you make a good point during the commercial by how come florida has been able to manage itself so well with no state income tax? here is your partner in all this steve in mnuchin treasury secretary had to say about this when i asked him a similar question this week. steven: for people who makeover a million dollars in the high tax states, there will be a tax increase. the president s focus is this is on a middle income tax cut. this is about businesses being competitive obviously people in this room will benefit from the business tax, but this is not about tax cuts for the rich. maria: and yet, you ve got as a result of the elimination of that deduction people like congressman king, peter king of new york saying i m a no vote. do you have the votes here? you ve got roy moore facing incredible allegations, sexual allegations. you ve got rand paul on the senate side with broken ribs because of an attack by his neighbor. once again we re faced with a situation of is this healthcare again? are you going to get the votes? gary: maria i m confident we ll get votes. we ve got the bill out of the ways and means committee with 24 votes on thursday last week. it was 24-16 so look, so far every vote has gone the way we thought it would go. we re optimistic that we re going to continue to get the votes and time is going to tell we ll be in the senate finance committee this week and we ll be in the full house this week. maria: how scary was last week s elections for your team when you see the democrats taking new jersey, taking virginia, taking again mayor deblasio in new york city is this a signal of what s to come in the 2018 election? gary: i think the elections once again are screaming at washington saying look, we want you in washington to get things done in legislature and again, this a loud wake up call for everyone in washington that they want washington to ledge us late this why we have to get tax reform done. maria: when you look at what s gone on in terms of the spending side of the story half a trillion dollars over spending in the 18 budget, obviously at some point somethings got to give. you ve got these entitlement programs going broke in the next 12 years. when does the debt become a priority? i know your priority right now is growth but when does the $20 trillion debt become a priority and does that mean you have to cut the spending on entitlements? gary: right now the president is concerned about growing the economy. our first three priorities are about growing the economy. we ve started with reg reform, we re going into taxes and when we get done with taxes we re talking about infrastructure as soon as we get done with taxes i ll be back here talking about spending money on infrastructure because our infrastructure is behind where it should be. those are the first three priorities of the administration we do believe those three priorities are going to make us dramatically more competitive in the world which means we can grow our economy and when we grow our economy we will have dramatically more revenue coming into the system. hopefully we can save that revenue and not spend that revenue and start paying down the debt. maria: let me ask you this because you mentioned regulations and this president has been really the least regulatory president he s already pushed the number of federal pages the federal register down by 30% so he s cutting regs and i do believe that s one of the reasons we see a 3.1% economy right now. when you look at the technology sector, the tech sector, the googles of the world, the facebooks of the world they know more about us than ever before. they are incredibly powerful. should they receive more regulation? heavier hand from government? gary: look i think congress is looking at that right now and they re talking about what should be the impact on these companies and what business model do these companies have and what business line are they in? if they re competing with businesses that are actually regulated that s the question that congress is trying to figure out right now and i think that process is going through a normal process and we ll let that process continue to go. maria: should the doj be forcing at&t time-warner to do something different in order to get that deal done? gary: look the white house is not involved and it s up to the doj what happens there. maria: let me ask you gary you re on the short list of the chairman federal reserve the president named jay powell as the next chairman of the fed. how do you feel about that? did you want that job? gary: i m excited that he is the next chairman of the federal reserve bank. i m excited to work with jay. the president made the right selection in choosing jay for that job. maria: and there s a lot of talk you ll get tax done and leave the administration. are you making plans for your next gig here? gary: i m really happy executing the president s economic agenda. i think we re making an enormous amount of progress. we had two consecutive quarters of over 3% gdp growth and that s because of the president s economic agenda and i m happy to be part of his plan. maria: gary of you get this done it s historic legislation. the world is watching and we re watching to see this will have an impact on economic growth. when do you think people are actually going to feel it. the tax plan passed and i feel different. like i have wiggle room in my life my personal life because taxes just went down. gary: we hope that people feel it beginning of next year. one of the important aspects of the tax plan for every business is they can start 100% expensing next year, when companies can start expensing they re going to think about spending money and building out factories, building out equipment, hiring people. when that starts running through the economy we think people will feel job creation and wage pressure starting next year. maria: they may not feel the 20% though. does that save a hundred billion dollars just by delaying it one year? gary: even if that gets delayed a year everything else in the bill goes into effect january 1. full expensing goes into effect january 1 so expensing becomes even more valuable if the 20% is delayed. maria: gary good to have you on the program. thank you so much gary cohen going through the tax plan with us we appreciate that. thank you. maria: we ll take a break and come back former interim dnc chair donna brazile fires back at democrats slamming her now, governor mike huckabee jeans me on that follow me on twitter at maria bartiromo at sunday morning futures let us know what you d like to hear as we look ahead on sunday morning futures back in a moment. what started as a passion. .has grown into an enterprise. that s why i switched to the spark cash card from capital one. now, i m earning unlimited 2% cash back on every purchase i make. everything. what s in your wallet? but can also loweresterol, your body s natural coq10. qunol helps restore this heart-healthy nutrient with 3x better absorption. qunol has the #1 cardiologist recommended form of coq10 qunol, the better coq10. when you re close to the people you love, does psoriasis ever get in the way of a touching moment? if you have moderate to severe psoriasis, you can embrace the chance of completely clear skin with taltz. taltz is proven to give you a chance at completely clear skin. with taltz, up to 90% of patients had a significant improvement of their psoriasis plaques. in fact, 4 out of 10 even achieved completely clear skin. do not use if you are allergic to taltz. before starting you should be checked for tuberculosis. taltz may increase your risk of infections and lower your ability to fight them. tell your doctor if you are being treated for an infection or have symptoms. or if you have received a vaccine or plan to. inflammatory bowel disease can happen with taltz. including worsening of symptoms. serious allergic reactions can occur. now s your chance at completely clear skin. just ask your doctor about taltz. maria: welcome back former interim dnc chairman donna brazile on her book tour defend ing her decision to reveal hillary clinton s campaign was pulling the strings at the dnc for noorly a year before clinton became the official party nominee. brazil says she made the right decision to tell all and tell the truth and pointing out that she was only the very latest of several influential campaign players to release a tell all on the democratic party. let s bring in former arkansas governor mike huckabee a fox news contributor, republican presidential candidate. good to see you thanks for joining us. governor: thank you very much maria. when i saw the book and saw it was called hacks i m thinking she should have picked a different title. hillary s book was called what happen. donna brazile s book should have been named what really happened because that s what it s all about. maria: it s interesting she names it hack because they were hacked but then instead of obviously giving their computer to the government, the might and power of the u.s. government, the fbi and cia to find out what the heck really happened during that hack they gave it to a private company who answer only to them to that a private company could only answer to them and see what was on that laptop so that still bothers me that they didn t use the might and power of the cia to find out what happened but that s a whole other conversation governor. what is going on with the dnc right now? we saw this victory last week. they are feeling empowered. does that signal something to come in 2018? governor: look they had a good week and i think it would be disingenuine us for me or any other republican to depend it didn t matter. you bet it mattered more so than the elections for governor in both new jersey as well as in virginia were the fact that you saw a number of seats within the legislature flip and that indicates something more important than simply one statewide race. neither of which were big surprises, neither of those states were expected originally to go to the republican but when you start seeing flips in the legislative branch that means you re talking local politics where it matters. here is the question. was that president trump, i think not. i think it s a completely inept congress who is so far failed to deliver on even the simple things like tax cuts and tax reform which ought be the easy lay up for republicans in congress. maria: we just heard the blueprint for the tax plan gary cohen seems to think this will happen over the near term. he s got the roadmap to take us there. let me ask you this even with all of the dnc disarray going on with donna brazile saying go to hell to her colleagues and the p odesta group shuterring they may go out of business by the end of the year, the ceo on thursday told staffers clean out your desk by november 15, there s that and yet, the republicans have been able to raise money despite all of their shortcomings and these terrible poll numbers on the congress. you ve got the republicans raising money no debt, you ve got the democrats unable to raise money even though they did have these victories last week and they ve got debt. governor: well, the republicans are in power. when you re in power you raise money. doesn t mean people love your ideas they re defending themselves. let s be honest. anybody that s in power gets money. it s one of the fundamental things i hate about politics and hate about washington and hate about the political system driven more by self-interest money than ideology. now to be fair one of the problems that the democrats have is their meetings look more like a meeting of the advanced version of the aarp, than they do of a political party of the future. even saturday night live is doing a pairity the average age of leadership in the democratic party is somewhere just south of 80. that s hardly the party to say okay, kids, come along with us because we re hip, we re cool, we re with you. i mean they ve got a real problem in terms of attracting people for leadership because they frozen people out and i think donna brazile s book has a very important message to democrats. i don t think they re listening and frankly as a republican i hope they don t but the message is we got to get rid of some of these old guys and replace them with younger folks with new ideas. maria: we will see about that governor always a pleasure to see you thanks so much. we ll talk more about that governor mike huckabee. up next member of the republican leadership senator roy blunt on whether gop lawmakers can come together and pass tax reform looking ahead on sunday morning futures right now. maria: welcome back senate republicans are set to begin marking up their version of the tax bill this upcoming week. there are some key differences between this plan from the senate and the house gop s version. joining me is missouri senator roy blunt. he is vice chairman of the senate republican conference, a member of the senate appropriations committee. sir it s good to have you on the program thanks for joining us. good to be with you again maria. maria: what are your most important items here that must be in this bill? well, i think the two over riding principles of what has to be in the bill is that hard working families, hard working individuals see more take home pay right now and that at the other end of the bill we re doing whatever we need to do to make our economy more competitive and the other way to get butter take home pay is to have better jobs to start with. if we meet those two criteria, this bill will be a great success and i think based on the senate bill and the house bill and those coming together i think we can do that and a lot of economists are telling me that s exactly what s going to happen if we pass a bill that meets those criteria. maria: so you know, when you look at this bill you ve got $1.5 trillion to spend in terms of tax cuts 900 billion of that is the business cuts. is it fair to say as i asked gary cohen a moment ago, is it fair to say that you are raising taxes on certain americans as a way to pay for the business cuts of 20% on the corporate side? well you ve got a lot of shifting around going on where $4 trillion or so of things get shifted one way or another. there s a lot of moving parts here but none of it is worth doing if we re not going to make our businesses more competitive and create better jobs, so if that 900 billion if those two numbers are right if the ultimate purpose of that is to create jobs for people that are paid at the individual rate, that s what we ought to be doing more take home pay now, more competition later and part of that competition is to get us more in line with all the countries we compete with. you can t have the highest tax bracket in the competitive world and expect to be as competitive as the people that are at 20% or below. maria: but i have to ask once again something i say continually and that is the highest earners the top 10% pay 70% of the tax, so are you not cutting taxes on the people who pay taxes? you re cutting taxes on people who don t pay taxes? well, there are going to be more people in the individual in the zero bracket. there will be more people that take advantage of the new deductions about 70% of the taxpayers now that file don t file itemized anyway. the estimate on this bill is that 90% of the taxpayers that file will take advantage of that new double deduction which means the arguments about things like state and local tax deductibility and million dollars of loans that whether that can be deducted or not all are focused on the 10% that will still be filing the itemized returns. maria: let me read you something from the committee for responsible federal budget. she says fundamentally the senate bill suffers from the same fate fall flaws the house bill and tries to cut taxes by $1.5 trillion over the next decade with no plan to pay for these cuts. as recent dynamic scoring has shown, there s no way economic growth can pay for more than a fraction of this cost. how will you pay for this? well, i saw and visited her about it last week and other economists i respect as well disagree with that. i had larry cudlow come in and have coffee with republican senators very excited about what this could do to grow the economy. larry lindsay whose frankly pretty negative on the economic growth very positive and it doesn t take much growth to offset any deficit. this is all based on growth that s well below the 70 year growth average so if we get anywhere near the 70 year growth average, there won t be a deficit. there will be a significant surplus and i think that will address the concerns that we both would have about deficits. maria: well let me ask you a practical question and that is whether or not you have the votes senator. let s face it, we aren t expect ing senator john mccain to vote yes on this. we re not expecting jeff flake. we re not expecting bob corker. you just have senator rand paul now gotten beaten up by his neighbor unfortunately, what a terrible story that is poor rand paul has broken ribs right now. do you have the votes to even get this going? we will have the votes and we re highly motivated to do this. i don t think your predictions on those individuals are right and frankly once we get 50 republicans we ll have three or four democrats vote for this as well. they re not just going to vote for it as long as there s a chance republicans will once again be embarrassed by not getting something this important to our agenda and the economy done. i think we will get this done and we will get the 50 votes and right now we re in the process of finding out how do you pass a bill in the house, how do you pass a bill in the senate and then how do you take all those moving parts and put them together in a way that should be very focused on doing everything possible to get not just 50 but 52 republican votes and you ll add democrats to that if that happens. maria: you think you ll get the democrats representing the states that this president wants , like in north dakota? i don t think we ll get all 10 but my guess is we ll get somewhere close to a handful of democrats if we pass a bill. maria: good to see you this morning thanks so much. nice to be with you. maria: we ll be watching developments senator roy blunt. coming up the house side of tax reform congressman peter king stops by and explains why he s not on board with this house plan. he s voting no as we look ahead on sunday morning futures with congressman peter king is up next. remember that accident i got in with the pole, and i had to make a claim and all that? is that whole thing still dragging on? no, i took some pics with the app and. filed a claim, but. you know how they send you money to cover repairs and. they took forever to pay you, right? no, i got paid right away, but. at the very end of it all, my agent. wouldn t even call you back, right? no, she called to see if i was happy. but if i wasn t happy with my claim experience for any reason, they d give me my money back, no questions asked. can you believe that? no. the claim satisfaction guarantee, only from allstate. switching to allstate is worth it. maria: welcome back the house is gearing up for a vote on its tax plan this week some lawmakers are not happy with the plan. particularly those from high tax states like new york, new jersey , california. joining me now is new york congressman peter king. always a pleasure to see you thanks for joining us. thank you maria. maria: you ve heard the plan this morning you heard gary cohen at the top of the program. are you going to vote yes for this bill? right now, i m definitely voting no and when i find infuriating is people in the administration and house and senate leadership say that because we lost virginia and long island and in new jersey the answer to that is to pass a tax reform bill which is going to raise their taxes. they are the areas that are hurt the most. my suburban district voted for barack obama twice, voted for donald trump by nine points. it was a 14-point turnaround and they are going to lose most of their property tax deduction, all of the state income tax deduction, the family of four will lose $18,000, the individual exemption, medical bills you ll lose that especially if they have someone with a long term illness. all of that this is going to have a devastating impact on areas like mine and long island and it s unfair and when people say it s a high tax state one of the reasons we re high taxed is because so much of our revenue that goes to the federal government doesn t come back to us. we get $0.79 back on the dollar. other states get much more back than they contribute into the federal government. new jersey gets about $0.61 back on every dollar so we get murdered on one end and now we ll get it again by taking away the property most of the property tax deduction and all of the state income tax deduction, plus the individual exemption and those tax exemptions, they have been there those tax deductions have been there since 1913. maria: right. i just wish they wouldn t call it the greatest american tax cut in history, when we know that so many people are actually getting a tax increase. now congressman, i asked treasury secretary steven mnuchin about this and i basically said what you just said that new york gives $48 billion more to the federal government than it gets back and new york is getting a tax increase. here is what he said listen to this. steve: i think fundamentally we believe that the federal government should get out of the business of subsidizing state taxes and that s the reason to do it. we re getting rid of the amt for a lot of people in new york. they do pay the amt, so that is an offset, and we ve run a lot of numbers. we re very sensitive to people who make two and $300,000, that they re going to get a tax cut in new york. as i said, this room people have done very well for the last eight years this is really focused on the american worker who has had no wage increases for the last eight years. maria: is there any wiggle room on that in your view in terms of putting a cap on income so those people who make 300,000 , $400,000 a year, maybe they can still deduct that state and local but maybe over a million you can t are you still working on that and is there room for wiggle there? steve: the house has a version. my expectation is the house version will get passed and the house version, they added a deduction for real estate taxes that was something we were very focused on for the middle class. maria: what about that, peter what did you think of his answer congressman? it made no sense. first of all, your families in my district making over $300,000 , they could be police officers, firefighters, school teachers, two incomes in the family, usually at least one of them has a second job besides that and they again, very high expenses to begin with and as far as the amt, the fact is that three times more people take the real estate income tax deduction than are hit by the amt, so that won t help them at all and also this is like a class warfare. i mean was john kennedy and ronald reagan who said that a rising tide lifts all boats. since when did republicans become the party of class warfare? we re falling into this democratic trap so we re going to tax the rich but if you look at it, they re determining the rich to be hard working, middle and upper middle income people and yes, a family may be making over $400,000 and they re in their late 40s and broken their neck for the last 20 years working their way up and they weren t born with a silver spoon in their mouth. they re not hedge fund people these are hard working people and they get screwed by this bill and i m not going to vote for that. i didn t run for reelection so that i can go to my constituents and say that i raised your taxes to help people living in other states that already get subsidized by new york. maria: you make a really good point because for you this is not just about a tax plan and having a legislative victory on the board for the republicans. this is about your seat. the democrats have already targeted your seat in the next election. your seat is on their list. they want new york your congressional seat to go democrat. peter: i felt this way before i was targeted i would feel this way no matter what. i ve said all along that we should not be having this tax plan but you re right and it s going to be other members of congress who may not have as much seniority may not have the same name or republicans living in suburban areas in new york, in new jersey, they re going to get hit with this and it could be a tsunami against them but again it s a politics. it s wrong. we should be the party who encourages hard working middle income people to work their way up make extra money so kids can go to school and again since we are subsidizing rest of the country just annoys the hell out of me when i hear republicans saying we can t be giving benefits to the high tax states. we wouldn t be so high if we didn t us iodize the rest of the country. maria: it is true the republicans have been the party of lowering taxes and here you do have increasing taxes for a portion of the people and the republicans have been the party of fiscal discipline and i don t see the fiscal discipline in this budget and in certainly in this plan in terms of getting your arms around the debt at some point so let me ask you this congressman, because you had a really tough year. the entire party. i mean you tried to get healthcare done. you came right up against the edge to get healthcare done and it blows up in the senate. you need a win legislatively on the board for the republicans. let s say you re the last vote that they need. you re still not going to vote yes for this bill? you just can t. congressman: if i m the last vote then they better restore the state and local tax deduction. otherwise they re not getting my vote. maria: at what if they do i can didn t go to congress to hurt my constituents. maria: i understand that. i get that but would you be willing to negotiate on some kind of a cap which allows some of your constituents to keep that deduction? would that make it is there anything other than the whole thing in there that would bring you to yes? just so you know, six of the house republicans from new york, we sent a letter to the house leadership saying that we could accept something which left in all of the state income tax for the next four years and then begin a certain phase down for those making over $400,000 and with property tax leave that in forever. leave it in income on state income tax if they want to make deduction after four years but give us at least four years to get moving and after four years have some sort of phase down but leave most of it in. and no response at all like talking to a blank wall. maria: no response wow congressman thanks for joining us. none. maria: thank you for laying it all out we appreciate it very much. congressman peter king right there. take a break when we come back president trump changing his tune on north korea as he nears the end of the 13 day asia trip trading with kim jong-un over the weekend on twitter. retired general jack keane will be against the nuclear program and take a look at the president s trip as we look ahead on sunday morning futures, next. - [announcer] what if the vacuum head was reborn? shark has added a rotating soft brush. so while deep-cleaning carpets, you can also grab large particles, pull in piles and directly engage floors. duo clean. invented by shark. duo clean. this is not a cloud. this is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. this is a financial transaction secure from hacks and threats others can t see. this is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. this is not the cloud you know. this is the ibm cloud. the ibm cloud is the cloud for business. yours. maria: welcome back. president trump trading barbs with north korea as he wraps up his 13 day asia trip with a visit to the philippines. the president taking to twitter after a statement by the regime s foreign ministry called him an old lunatic. mr. trump fired back tweeting this why would kim jong-un insult me by calling me old when i would never call him short and fat? oh, well i try so hard to be his friend and maybe some day that will happen. joining me right now is jack keane he s a retired four star general of fox news military analyst and chairman of the institute for the study of war. general great to see you thanks so much for joining us this morning. good to be here. maria: as we continue honoring our courageous and wonderful veterans thank you so much, sir for your service to our great country. thank you, maria. maria: what s your take on the president s tweet on that? look, i know the president has been back and forth calling this guy rocket man, whatever, but is it really necessary to make jokes like this? what do you think that gets him? i think they re pretty irrelevant statements on both sides. they certainly don t add to any policy formulation and they get people, they make people nervous because it appears that we re not measured, we re not deliberate, we re not in control when i really believe the president and his team truly are so i don t think they matter all that much. i think we re quite used to them by now and it s background noise maria: it does feel like they re getting a lot done though by the way. when you look at this trip for example, he signed $250 billion in deals already between u.s. and chinese companies when he was in beijing? yeah. i think the trip is largely successful. the president went out there, the major thing he went out there to do is send a loud message that the united states leadership is back into asia pacific that we are going to de nuclearize north korea without a catastrophic war and pushback on chinese aggression which has been trampling on all of our allies in the region for a number of years now and correct the trade imbalances that exist out there and this was a step in that direction, the number that you just mentioned with china. the rest of it on korea and certainly on chinese aggression in the region, we will not know for some time whether the president has been able to move the ball at all in those areas. maria: i mean that s really where he needs them to move the ball and there was some speculation that after the congress in china was finished, the big celebration of the country that the leader president xi would focus on reigning in north korea. what do you want to see china do specifically that it hasn t done so far to actually show the world that yeah, we are on board with this. jack: i think what the president is probably asked them to do privately and what these discussions have got to be, i need you to do more. i need you to shut everything down with north korea even though it risks economic collapse and i need it to be done faster. those are the two things, more and faster and we re going to see in time whether he s had any impact on that at all. what it really comes down to maria in my view does xi really believe that president trump, if china is not able to de nuclear ize north korea will take military action, does he think that is a serious policy decision for the president? if he believes that, then i believe president xi is likely to move the ball and do it faster and do more towards de nuclearizing north korea. if he doesn t believe it we re right back where we have been in the past. maria: yeah. that north korea will have nuclearized missiles and they re going to bet the united states will accept them. maria: incredible. great analysis there. let me switch gears for a moment before you go. general and get you to talk a bit about the readiness of our army, navy, air force, et cetera given the fact that we ve been talking about budget issues all morning with the tax plan and the budget passed recently. do you believe that there is sufficient money budgeted to modernize our military? you think about these accidents that we ve had in terms of the navy. jack: what s happened now is that the national defense authorization act has just come out of conference this week and they have plussed up the president s budget by $30 billion. that s a little bit less than that we, we need about a hundred billion dollars plus if the president added 54 billion to the obama s base budget they ve added another 30. that s a good start. that s a good down payment if we can get that passed but here is the problem. you can t pass that $84 billion plus up with the budget caps we have right now. maria: right. jack: they have got to be removed by the appropriations committee and its got to be done by 1 january. if we don t do it by 1 january that budget goes all the way back to 549 billion, not 640 billion. we lose almost $100 billion. that is an absurdity. we ll never rebuild military unless the congress removes the budget caps so that we can grow the budget. maria: we ll be watching that that s obviously very important. general always a pleasure to see you thanks so much. good talking to you maria. maria: general jack keane there a busy week ahead for republicans on capitol hill this is the week both houses of congress fine tuning their tax plan, our panel will weigh in next as we look ahead right now on sunday morning futures. it was tough getting out there on stage. i wanted to be clear. i wanted it to last. so i kept on fighting. i found something that worked. and keeps on working. now? they see me. see me. see if cosentyx could make a difference for you- cosentyx is proven to help people with moderate to severe plaque psoriasis. .find clear skin that can last. don t use if you re allergic to cosentyx. before starting cosentyx, you should be checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms. or if you have received a vaccine or plan to. if you have inflammatory bowel disease, tell your doctor if symptoms develop or worsen. serious allergic reactions may occur. never give up. see me. see me. clear skin can last. don t hold back. .ask your dermatologist if cosentyx can help you find clear skin that lasts. maria: big week ahead on capitol hill want to bring in our panel ed rollins former white house advisor to president reagan a fox news contributor susan ferechio, washington school inner good to see you both. thank you. maria: your thoughts on the tax plan as it is? i don t see any democrats to date there weren t any democrats in the ways and means with 24 votes which 24-16 was the vote so i don t see the promise of the democrats and i think that it s a fight. i think they may get it but it s a fight and they have to see what the final version is. maria: the final version will look different than it is today right? it will. maria: what s your thoughts? the major differences will be the corporate tax phasing that the senate is offering will somehow be changed because the house bill has it take effect immediately and they don t like the senate delaying it and they will be negotiating there. maria: that saves a hundred billion dollars by delaying it. until 2019 but i also think the state and local tax issue which peter king was just talking about is a really big deal in the house the senate strips out property tax deductions as well that will lose probably too many house members and i think what will happen is that will be put back in or the state and local tax deduction phase out thing that king was talking about is possible too. that s going to have to change i think, so the other prediction i make is that the estate tax which is gone in the house will stay in permanently for the final version with the higher cap. maria: what happens in terms of the votes, now you ve got roy moore on ice with the sexual allegations. what are your thoughts on that ed rollins? ed: my sense is that as the president said if there s any truth to this, he needs to step aside. he s not going to step aside if they can t prove it. the washington post found the story 20 newspapers in the state that haven t found the story i m sure they re looking for it but the problem you have is the base is very very strong and he s been a very significant player and that community so he may not go away. if he doesn t it s a very close race and we lose that race september 13, september 12, i m sorry december 12 is the election, december 13 is the new senator so it s him or a democrat and that changes the dynamics dramatically. maria: and practically speaking if they lose one seat they re down to 51 votes they can lose one republican and still have the vice president as a tie breaker if it s a tied vote, so that is a big problem for them because they have a very small majority and there are people like susan collins of maine and others who may not like the tax plan, so it makes it much harder in the senate and that s where we lost the obamacare repeal. maria: exactly do they get this done? ed: i think they will but it s going to be awful close and a long ways to go before it s all finished the thanksgiving vacation far more likely than the healthcare because remember, they re giving things to people in this instance instead of taking away and always easier for congress to do that. maria: ed final word? ed: there are members who absolutely need this bill so they will basically have something to run on. maria: great to see you both thanks so much that will do it for us today sunday morning futures have a great sunday everybody. i m maria bartiromo i ll see you tomorrow morning bright and early mornings with maria is 6:00-9:00 a.m. eastern on the fox business network join me there tomorrow morning mediabuzz right here right now howie kurtz after the short break. from capital one. now, i m earning unlimited 2% cash back on every purchase i make. everything. what s in your wallet? i can do more to lower my a1c. .. which may worsen kidney problems. i choose once-weekly trulicity to activate my within. if you need help lowering your a1c and blood sugar, activate your within. ask your doctor about once-weekly trulicity. we danced in a german dance group. i wore lederhosen.man. when i first got on ancestry i was really surprised that i wasn t finding all of these germans in my tree. i decided to have my dna tested through ancestry dna. the big surprise was we re not german at all. 52% of my dna comes from scotland and ireland. so, i traded in my lederhosen for a kilt. ancestry has many paths to discovering your story. get started for free at ancestry.com. i can t wait for her to have that college experience that i had. the classes, the friends, the independence. and since we planned for it, that student debt is the one experience, i m glad she ll miss when you have the right financial advisor, life can be brilliant. ameriprise howie: a media earthquake over a washington post report that alabama senate candidate roy moore sexually molested a 14-year-old girl 40 years ago. ess it s not just one person. it s multiple people. i don t see how he can represent alabama in the u.s. senate. roy moore who has lived his whole life as the holiest man in
twitter and facebook and how those platforms were used by russian hackers trying to influence american voters. we ll dive sb that in detail with two special guests. plus later, a look at pentagon media coverage. is the pentagon cracking down on access to the defense department? a former spokesman for the pentagon will join me live. but first, president trump and what is really his alternate reality about hurricane maria. maria made landfall in puerto rico 11 days ago. the island is still without power, communications are still scarce, people are still struggling there. this is a slow-motion crisis. and all the evidence suggests that both federal and local government responses were flawed and inadequate. but trump and his media allies are swearing that the response has been great and they are blaming the san juan mayor and the puerto ricans who, quote, want everything to be done for them. the president calls for unity in one teat tweet but attacks the media in the next tweet. fake news. the fake news slur is back. he s used it eight times so far this weekend claiming that journalists are disparaging first responders. at one point he explicitly said, to the people of puerto rico, do not believe the fake news. do not believe your eyes. that s what the u.s. president is basically saying. his aides are all over tv and social media promoting the government s relief efforts. pro trump media outlets are echoing this alternate reality claiming things are going great. but here s the thing news outlets that are actually reporting on the ground, that have actually dispatched correspondents, are telling a very different and much more nuanced story. that s why i say trump has an alternate reality right now about puerto rico, but we ve got to remain committed to the ground truth. so let s go there. first ta leyla santiago, cnn correspondent there for the landfall of maria, and has been there ever since. you were born on the island, able to get back to your hometown a couple days ago. it to ask you about that. first most recent comment from the president on twitter saying all the buildings on the island have been inspected. do we know if that was true? reporter: that was news to governor or it appeared to be anyway, when he was asked about that very statement in which trump says things are going great, on twitter, every single building, all buildings have beenment in ed. that appeared to be news to the governor when he was asked about that this morning. he actually said that s not the case. he doesn t know of such inspections. and he went on to say, brian, that he actually, the government here, hasn t been able to reach all of the parts of puerto rico because there are so many parts that are very, very remote, very difficult to get to. the first challenge was getting through floods and the debris on the road. now that much of that has become accessible by the way, many of the neighbors, the communities, the puerto rican themselves, now that much of that has been cleared, they still haven t been able to reach much of the island. let me go over some of the numbers. the cell phone towers, only about 11% of them have been restored. when it comes to power, only about 5% of the power here has been restored. so, you know, terrific job? i would say the puerto ricans and their community have certainly proven to do so in certain parts of the island in which the first responders have not been able to get to. what s been the hardest piece of this for you as a reporter? is it the communications difficulties? reporter: right. from a personal level, i m from here and it s hard to watch such devastation and destruction, but as a reporter, communication, that s what we do for a living and it s been so difficult not only to reach people but also to reach government officials. how do you hold them accountable when you can t even reach them? how do you get an idea of what actually is happening on an island of 3.5 million u.s. citizens when you can t reach all the mayors, when you can t get to some of the towns because of the communication? and even so, in talking to the puerto ricans, yesterday, when we were talking to people trying to get reaction to president trump s tweets, many of them had not even seen the tweets because their cell phones aren t working. they re not aware of what s happening. they re relying on word of mouth or for us to show them pictures to bring in, you know, the headlines so that they can see from our tools because communication is just such a barrier right now, not just for first responders, for the government, but to carry out journalism. leila, stick around. i want to continue this conversation and broaden it out about the coverage of the past 11 days. i found myself onnering what s the correlation between the news media s attention and the president s attentionsome i know in some ways this is a chicken and egg scenario. when maria made landfall, laie action was there, and you can see the coverage was not as high as for irma or harvey. there was a relative media calm right after the storm. people like leyla and cbs david begnaud continued to report. there wasn t a spike until monday. cnn and msnbc talked about maria more on air than fox. news crews alerted the rest of the country to the desperation of the citizens on the island. according to the washington post, the coverage captured trump s attention too. let s get into a the correlation if there is one with our panel. tara, do you see a correlation, the more television coverage there is of this crisis the more the president s tweeting about it? absolutely. the president consumes television all day long. he hates being criticized. and he has a very standard pattern. when someone criticizes him, he punches back twice as hard regardless of if that person is krit sizing him is a victim. and it doesn t there s nothing humane about going after someone who is stroug uggling wa humanitarian process and a crisis. essentially we re seeing a typical true pattern for donald trump. he s also tapping the fact to his base, puerto rico feels very far away. and it could come off as a political issue in some ways because, you know, a large basically it s a largely democratic island. and, you know, they may not have family in puerto rico, they may not be communicating with them about what s going on on the ground so, it s a no-loss situation for trump, just feeding red meat to his base right now on twitter. last night s snl, here was the cold open, the writers of snl came up with a very quick response to this san juan mayor versus president trump situation. let s watch this clip. to have to help people, we have to take care of america first. wait. you d know we re a u.s. territory, don t you? i mean, i do, but not many people know that, no. that s a joke, edwin, but does it sum up how people really feel? sometimes a joke is the best way to approach reality and to come across with, you know, a reality check for the media and everybody else. but i think if there is a lot of truth in the joke that they made. what about your view of the coverage of the past 11 days? well, the reality is that it was a little bit slow prior to it. there were very few outlets that had actually coverage on the ground. and then right after when it was clear the devastation and impact of the hurricane, very few others were able to send crews down there. there were difficulties in actually being able to report the story. yes, because the airport was closed, so there were a lot of difficulties. and shortly as the transportation was restored and communication were not restored, remember, there were no cell phones, so the whole thing was very difficult to catch up. thank you to all the ones that have gone down, because the coverage of this is going to make a big difference in how we move forward. informing people about it. tara, let me show you a sound bite from president trump at that alabama rally two fridays ago. this was a couple days after the landfall actually, i m not sure we have it, but two days after the landfall of hurricane maria, he ak knowledges florida and texas and says went one part of america hurts we all hurt. i found myself wondering where is that president trump today? you know, his mood, his whims, for president trump he s a very personal president and he hasn t shown that he has he s putting his political will behind puerto rico the same way he did with florida and houston because frankly it s not politically beneficial for him to get behind puerto rico. instead, he spnds the entire weekend creating a faux controversy around the nfl. and that topic ends up dominating the newspaper coverage, the television coverage, and in a way he s basically diverting everyone s attention to a faux controversy when there s a real crisis on the frouground. when it became apparent it was a real crisis, he s facing the real situation and the accountability of journalism is how that has come to light. there s this optics issue, i kind of hate the word optics, but the president used it on friday about tom price, saying he didn t like the optics of tom price s flying private jets. he s at his personal golf course this weekend and i think optics of that deserve scrutiny. exactly, especially for a person who spent the big part of his life not in public service and who actually criticized the president before him for, you know, golfing during crisis. it s amazing i forgot about that. that s right. and one journalist pulled up a tweet that trump put out in 2011 criticizing obama for golfing during a crisis situation as well. there s a tweet for every moment in his presidency. so let s look ahead, leyla, there in san juan right now, going out to other parts of the island. what story do you most want to tell now? what are we not maybe seeing right now in the coverage? reporter: excuse me, brian. it s just the need for medical attention. i wept to my hometown. excuse me. and i was able to see my family, and this s the relief i needed on a personal level, to hug people e and say i m glad to see you re okay, i m glad to hear you, because, again, cell phones are down. so many people in the u.s. right now are contacting me via social media to say please check on my grandfather or my aunt or my brother, my sister, they re elderly, we haven t heard from them. that s because, again, cell phone towers are a problem. but in my hometown, brian, when i was there, i found out the hospital was down. there s no hospital. when i went to shelter, the shelter has people living in classrooms. the generator had been out for six days. living in those classrooms you had people with cancer, hiv, die peets, children with asthma. president it s a nightmare nightmare jus doesn t seem to be enough. i haven t been able to find the words. moving forward, how to do we move forward on an island where the help may be arriving, the president may think we re doing a terrific job, in the meantime you have cancer patients in a classroom in the mountains in a town with no power, no medical attention, no food, the refrigerator went out when the generator went out, and so help is not arriving. when the government says it is hard to get to some of those areas, that s why we went in on a chopper to see for ourselves what can we what do we see when we arrive, when we figure out how to get there when the government doesn t? and what we found in so many of those places, we were the first to get there. they haven t seen the help. they haven t seen or felt any of this help supposedly being done and is a terrific job. and this is why it s no time for fake news slurs from the president of the united states. thank you to the panel. when kwoem back, some breaking news about the president. just when you thought you couldn t be shocked by a trump tweet. he says rex tillerson is wasting his time trying to negotiate with north korea. the breaking details after this. s work to do. so he took aleve. if he d taken tylenol, he d be stopping for more pills right now. only aleve has the strength to stop tough pain for up to 12 hours with just one pill. aleve. all day strong. .has grown into an enterprise. that s why i switched to the spark cash card from capital one. now, i m earning unlimited 2% cash back on every purchase i make. everything. what s in your wallet? for tech advice. dell small business advisor with one phone call, i get products that suit my needs and i get back to business. welcome back to reliable sources. snl is pack, and that means alec baldwin is back, playing president trump. santa anitale with, trust me, it may seem like what s coming out of my mouth is b-a-n-a-s, but the more chaos i cause, the less people can focus. they re all so tired. let me show you. how long ago did i declare war on north korea and the rocket man? four months. wrong. it was last friday. see, i m pending time. i m bending time. and there is truth to that joke. so much trump-centered news happens every day you might have forgotten his embarrassing loss in an alabama race last tuesday when the steve bannon and breitbart-backed candidate beat trump s pick. he deleted some of his tweets promoting strange. that same day the health care effort collapsed again. trump blamed it on an unspecified gop senator stuck in the hospital unable to vote pip guess he made this up because there was no hospitalized senator. it s true that cochran was recuperating at home after a medical procedure, but he was ready to fly to d.c. to vote anytime. the most embarrassing story of all was probably friday s resignation of secretary tom price. his exit followed impressive reporting by politico about all the private flights price took on the taxpayer dime. how s that for a refresh sh on the week? let s talk about wit seth man dell, operator for the new york post, and his wife, bethany mendel, contributor at the federalist. a husband and wife duo here. as if to prove our point about the overwhelming amount of trump news, we have some new tweets in the past couple minutes from the president. let s put them on screen because they are shocking by any standard. the president says, i told rex tillerson, our wonderful secretary of state, that he is wasting his time trying to negotiate little rocket man. meaning the leader of north korea. the president added, save your rex. we ll do what has to be done! i don t know what to say. bethany, tell me what to make of this. i think that i it s going to be really hard for me to be scared pi anything trump tweets anymore. it s sort of it s all so crazy that i mean, the week being so hard to recap, it s kind of what he wants it to be like. he wants it to be so hard to follow that people just stop following it. you think it s intentional. oh, yeah. absolutely. the news cycle is going so quickly that people are tuning to out because it s too much to process. seth, do you think it s intention nal also? i m not sure anymore. one thing that happens with trump is he is a this 24/7 guy and comes from the entertainment world so he doesn t take weekends off so and he also doesn t like to not be the focus of the news cycle, so he seeks to capture the news cycle even when it s saturday or sunday. even when it s not about him. right. i think that s something he did during the campaign. you know, hillary clinton would have there would be a bad story about negative story about hillary clinton in the times or somewhere and you think she d be reeling far day or the two but he would swoop in with a tweet and he has to trump abhors a vacuum, basically, is how to put it. so i think some of this is, yes, getting the attention, but also he seems to want to be playing some form of good cop/bad cop. i asked on twitter a few moments ago what people thought he was doing and that was the number-one response, but this isn t exactly how you play good cop/bad cop. or they re just not talking. that s another possibility that s sort of scary. indicating it would be a trump story. why not? that s interesting. what about this idea that the president saying what we learned yesterday was essentially that tillerson says he has a direct line of communication with pyongyang. that was a big deal. now we have the president dismissing that. does that seem threatening to you? i mean, everything is threatening when you have a mad man. and i m not just talk about trump. they re both mad men and it s all brinksmanship. so, you know, i don t believe a lot that comes out of the white house and about the white house, so you re a conservative writer. you don t believe most of what you hear from the white house? and about the white house. i think we don t know a lot of what s going on and there s a lot of news stories that are out that might not necessarily be true and probably aren t true, and one of them is i don t think we have a direct line to pyongyang or we would have known what was happening with otto warmbier before he got off the plane in a comatose state near death. but the state department says we do vit so, maybe that s dysfunction in the government? or they re lying. or they re lying. let s put his tweets back on the screen. i want to underscore how extraordinary this is to see the president calling out of his secretary of state. he s saying rex is wasting his time trying to negotiate with little rocket man. when i look at this, seth, i wonder, are we at the point where folks on tv should be questioning the president s stability? i think he may want them to question his stability, but again, i think he s playing the game wrong. it harkens back to mad man theory, which was the idea that usually associated with richard nixon that he wanted communist states to think that he would overreact to provocations and that something that they would think was irrational. he wanted them to know he didn t think was irrational, the way nixon try dodd it. the other one is itz hour. eisenhower is famous for saying take a hard line and bluffing. but one reason that people believed that eisenhower believed he wasn t bluffing is he would pull back the troops from say korea or somewhere else and then the threat of unleashing a nuke would come out so it would look like he was taking his people out of harm s way and threatening to fire, something like that, but most of all they knew eisenhower, they knew ike he had just defeated them, had just basically conquered europe more or less, and he he was a guy who was not to be trifled with and i think people understood that. i think that the scary thing about trump is we wouldn t necessarily have those troop movements because he doesn t have the experience as commander in chief or as a politician or as someone who s worked in government so, he might not necessarily play those cards before he just drops the bomb. so that s sort of the scary one of the thousands of scary things about a potential nuclear war started on twitter. and now we re talking about north korea instead of i was going to bring up jared kushner s revelation about his private e-mail use and all these other stories that broke during the week. poo veebt, right? we both have young children. is your home a trump-free zone? yes. you don t talk about politics? we use yeuphemisms. like what? we don t say his this name. the kids know we got a lot of mail from trump when he was running and i was annoyed at the volume of mail, but i don t think they know he s the president. i don t they re not there s no tension in the house about it. so the parents can worry about north korea. yeah. they re mad at trump wbecaus of the mail. my almost 4-year-old daughter told me sometime during the campaign, she saw a picture of trump and said, oh, that s donald trump, we don t like him because he snds us a lot of mail. that s about the extent of it. i haven t heard that one. i ve heard a lot of others. thanks for being here. jo after the break, breaking news on the nfl, the latest on a anthem controversy. has it spun so far off the original purpose we re forgetting why athletes are take agni in the first place? we ll talk about that after the break. when heartburn hits, fight back fast with tums smoothies. it starts dissolving the instant it touches your tongue. and neutralizes stomach acid at the source. tum -tum -tum -tum smoothies! only from tums t-mobile s unlimited now includes netflix on us. that s right. netflix on us. get 4 unlimited lines for just $40 bucks each. taxes and fees included. and now netflix included. we re drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don t. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. remember that accident i got in with the pole, and i had to make a claim and all that? is that whole thing still dragging on? no, i took some pics with the app and. filed a claim, but. you know how they send you money to cover repairs and. they took forever to pay you, right? no, i got paid right away, but. at the very end of it all, my agent. wouldn t even call you back, right? no, she called to see if i was happy. but if i wasn t happy with my claim experience for any reason, they d give me my money back, no questions asked. can you believe that? no. the claim satisfaction guarantee, only from allstate. switching to allstate is worth it. wul week long president trump reinforced his view nfl players should stand for the national anthem. in lon didn t, mos did but three dolphins players kneeled on the sidelines. a source familiar with the matter tells me many of the players who kneeled last week in protest of trump s comments about the league will stand this week or at least planning to stand at today s games. but they ll be standing out of respect for our country and military, not out of respect for trump. that s a quote from an nfl source. now, by covering these protests on television or in some cases by not showing the northeasterlies on television, is the media losing the thread on how this protest began in the first place? when colin kaepernick took a knee this time last year to protest social injustice and racism. let s talk about it with leslie lowery, a national reporter for the national post, and jason gay, a sports columnist for the wall street journal wooj. leslie, have journalists and players lost the plot? i m not sure the players have, but i think there s been space here where the owners as well as the league by and large with the assistance of the president have been able to pivot this to a conversation that s no longer about what colin kaepernick was talk about. we ve seen conversations about unity and team and sports and the language we use often when frankly it has nothing do with what colin kaepernick was talking about or many of the players who kneeled in response. for those of us in the media, this becomes difficult because you have to coffer this at various levels. there is a real and important angle to be covered talking about the first amendment and the president of the united states calling for a private corporation to fire its employees for political speech. that s real, right? the president of the united states said in tweets it s real, we have to talk and write about this. that said, i do think it s our responsibility, incumbent upon us, to continue having conversations, continue doing journalism about issues of racial disparity and policing, issues within the criminal justice system. there was a great piece today in the minnesota star tribune about police officers convicted of major crimes who are still working in minnesota. they found 140 of them. unfortunately, we re having a segment about the president and his tweets and not that type of work. no fault of yours, we have to cover that, but i think it s important that we continue having conversations about the core issues here, which are police and government accountability. it seems to me some of the players are trying to find ways to make statements even if they re standing during anthem. we saw the saints kneeling before the anthem today, for example. do you agree, jason, here in new york with me that there s a first amendment issue involved here? i don t think there s necessarily a first amendment issue literally with regard to the nfl. it is a private corporation, they do have restrictions that they can choose to do employers can restrict employees speech. they have not den that, and i think it s certainly think that broadly speaking when you consider the cultural impact of the nfl, they re fully, you know, allowed to g out and do this. we of soon them not restricted at all. i think what leslie is talking about here is very true, what we of soon in the last week is the issue getting muddled. you ve soon this protest version where players come out, they kneel, they knelt with their owner, jerry jones, the dallas cowboys, this message of unity, very apart from what kaepernick was talking about when he began his protest more than a year ago. this issue has migratedite quite a bit. what about what donald trump said about the nielsen ratings, the nfl ratings way down implying because of the anthem protest. is that true? i don t think that s true at all. there are people cutting the cord, people move eight way from pay cable television for many years. you know, even if you didn t watch espn you were paying for it so, i think a lot of people are cutting that cord. that s what s really contributing to the declines. brians, there are mirroring declines happening across the dial like nickelodeon or any other channels. what accounts for that? there s no controversy similar to this. a lot of broadcast dramas and comedies that debuted this week saw ratings declines from the prior year. systemic issues on viewership as more watch on demand instead of live. for the president to say rate rgs massive lu down, he s misleading folks. he s looking at the issue in isolation and probably a bit of self-servedness too. leslie, does this remain a huge national news story for the foreseeable future? one of the things that helps determine that is whether or not the president continues tweeting. do we give him too much power, wes? his tweets? he s the president of the united states. i would love to say we should ignore what he s tweeting or saying, but i think we also have to take him seriously. he is the most powerful person in the world. when he s throwing off missives, whether it be about rex tillerson and north korea or whether it be about nfl players, i think we have to take it seriously. and we have to because history is going to. history is not going to say this is that week where the president was range tweeting about colin kaepernick. this will be about the time the president of the united states wielded his power, you know, to in backlash to political speech he didn t like. right in there is actually some weight to these things and even though we get them so often, it s so frequent we start to lose that, this is real. you know, this week we had the president of the united states attacked the mayor of san juan, puerto rico, and last i checked i don t know if they ve even spoken to each other, so this is a mayor in the midst of a crisis, not necessarily getting a phone call but getting beat up on twit fwir president. this is real. history will remember this. so we have to cover these stories. your original question, i think we ll likely see players demonstrate and protest. will it be at the level we saw last week with these kind of unity celebrations? no. but that s probably a good thing. wes, jason, thank for being here. sorry i m out of time. i have a big story up next talking about facebook, russia, and fake news. what we heard from mark zuckerberg this week, how it lines up with what facebook is doing, trying to crack down on foreign meddling. we ll have all the details after this. facebook claims the company is working hard to figure out how to stop what happened last year where russian hackers were able to buy ads on a platform, target american voters with a ma variety of messages. i view this partly as media literacy and tech literacy problem. all of us as voters or citizens have to recognize those ads in the corner of the screen, they re targeted to us on an individual basis, and they could be coming from foreign actors, meddlers,ing to influence you even on who you ll vote for. lots to talk about here. you ve broken a lot of news in the past week about facebook and twitter, these companies trying to come to grips with how their platforms were misused by these russian hackers. what do you think is most important now looking forward in this story? well, look, first and foremost, you know, the big take-away i ve had from our reporting over the course of the last week is understanding how to think about this. russian meddling is so much bigger than the 2016 campaign. it s really a question about russians trying to wage an information war in our society, trying to pit us against one another, sow political discord, and they have taken advantage of social media networks like facebook, like twitter. we re likely to see they ve used google as well. google is conducting its own internal investigation to see what kit present to congress. they re using these platforms to try to divide us so, when we reported earlier this week there was a black activist account that was really backed by russians, when we reported that there were black lives matter ads that were targeted to the cities of baltimore and ferguson but were actually coming from russia, the point here is to try and sow discord, pit americans against one another, make democracy look weak in the eyes of americans, make democracy look weak in the eyes of pro-democracy activist in russia. and, you know, thinking about how we go forward, you bring up the point of media literacy, so often when i talk with the folks who have been researching this for a very long time, they always talk about the question of media literacy. how do we teach americans to be able to recognize real news versus fake news? not what the president says is real news versus fake news but actual real news first fake news because this problem is so big, what facebook and twitter have shown so far is the tip of the tip of the iceberg so, it s really the onus is going to be on citizens to understand how to read and consume news in the years ahead. you brought up fake news. let s define it since the president has exploited and reappropriated the term, fake news, julia, meaning stories that are made up designed to deceive you, classic example from the election being the pope has endorsed donald trump. now, do we have any sense that some of these stories, these made-up stories from the election, were linked to russia? we know some of them were written by americans just trying to make a quick buck. right. i think issue is bigger than russian story. that s one part of it. this truth platform, this microtargeting, means anyone can spread lies and misinformation. for instance, politicians could say one thing to one group of people and another to another. different competing campaign promises, right? they already are doing that, aren t they? i m doing a project to try to find out if they are. i think this platform is perfectly designed for information warfare, right? everyone is trying to wage information warfare. i think we have to figure out whether there are more structural ways than just trying to tell people to think critically. we re all subject to being manipulated. we wouldn t ask people how to figure out ho to assemble their car. we would have regulations about safety and zmoosh i get your point. not just about literacy. i don t think it s enough. it s an artifact of the fact people have used information warfare to start trusting our institutions so we re at point where people don t trust anything spop we need to rebuild that trust in a different way. dylan, are question we going to see these facebook ads we of heard about that were targeted? you heard one example about black lives matter messaging. are we going the see these ads for ourselves? that is the big unknown, and facebook doesn t want to show these ads, has no intention of showing these ads to the public or at least it hasn t so far. it is handing them over to congress soon, we understand. i think once congress has its hands on them it would like to at least give the impression that it s sort of studying those in a vault outside of the public eye so that it can do due diligence in the same way special counsel robert mueller is investigating these ads outside of the public eye. brian, you and i both know the way this works. things tend to leak out. things have a way of leaking out into the media, and i think that s what s going to happen here. i just want to touch really quickly on this point about media literacy and about the name of your show, reliable sources. you know, we talk so often about a crisis of leadership in american politics or even in the world, the media needs people who can come forward and establish a common narrative way there used to be a common narrative many the middle of the 20th century. figures in the media were so authoritative that they crossed partisan lines and sort of penetrate through this fractured media landscape we have that ranges from the far left to the far right. julia, are there any of those figures left? you, brian, are the first kand dit for that. i think way we get people to trust these days, things are much more transparent, i m a big advocate of putting out my data for publishing an analysis, the computer code we used for an analysis. as credible as we can be. thank you for being here. nor come in the coming days on the twit teshgs facebook front, and also on google. all of these questions about interference. up next here, an exclusive with colonel steve warren, a longtime military spokesman, who was just let go last month. what happened? stay tuned. how do you chase what you love with moderate to severe rheumatoid arthritis? do what i did. ask your doctor about humira. it s proven to help relieve pain and protect joints from further irreversible damage in many adults. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. humira has been clinically studied for over 20 years. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you ve been to areas where certain fungal infections are common, and if you ve had tb, hepatitis b, are prone to infections, or have flu-like symptoms or sores. don t start humira if you have an infection. ready for a new chapter? talk to your rheumatologist about humira. this is humira at work. .has grown into an enterprise. that s why i switched to the spark cash card from capital one. now, i m earning unlimited 2% cash back on every purchase i make. everything. what s in your wallet? reckless, irresponsible, breathtaking, those are the statement comments i m seeing about president trump s comments. wasting his time trying to negotiate with little rocket man. save your energy, rex. we ll do what happens to be done. joining me now for reaction to this, retired u.s. army colonel steve warren. he was a top spokesman at the pentagon until recently. we ll get into that in a moment. first, your reaction to what the president is saying on twitter? well, brian, what a way to run foreign policy. what a way to run international affairs. to send some instructions to your secretary of defense via twitter. maybe pick up the telephone and call the secretary of state might be a better way to go, about passing out your guidance on how to deal with this rogue nuclear nation. is this also an implicit critique of the secretary of defense, james mattis, given that mattis, i believe, has been talking about he has been talking about diplomacy leading the way. well, i think what you see is secretary mattis, secretary tillerson really providing the stability, the thoughtfulness, kind of the sober reasonableness that we need right now. this is a nuclear crisis, brian. and it s something that requires a high level of diplomacy, extraordinary sophisticated operations to get us through this legitimate nuclear crisis that we see here. and i think we see the secretary of defense, secretary of state working closely. we see them, having together, decided that diplomacy should lead this. the alternative is far worse and we see them trying to move this into the right place. originally we booked you on the program to talk about pentagon press access. there have been new restrictions on journalist there is. tell me what s happened. it s difficult to really call them restrictions. okay. what we ve seen there s been reporting inside the beltway press that has talked about less access. this is reporters complaining that they haven t been able to get the secretary of defense to stand behind the podium and deliver press conferences this is reporters noting that there have been fewer reporters invited on the secretary of defense s international trips he takes around the world. so the press are a little bit concerned that their access to senior policymakers and general officers is being restricted. whether or not it is kind of still remains to be seen. i think it needs to shake out a little bit more. what we have to understand here, i think, is that, you know, the secretary of defense is in a very tight spot. he s walking a very tightrope. on one hand, his positive, the president, has declared that the press is the enemy of the people. but on the other hand i think secretary mattis understands the pentagon is responsible for more than half a trillion dollars every year. there s million american sons and daughters in harm s way whether it s in war or war-in-training. we re in harm s way. the sengt understands he s responsible for all that have and has a responsibility really an obligation to explain to those mothers and fathers, to explain to those tax papayers what that s being used for. he has a tough thing to balance there. agreed. thanks for being here. please come back soon. we ll make more time. before we go, i want to mention the deaths of two legends. magazine industry is saying good-bye to two titans this week. first, hugh hefner. his controversial, famous magazine playboy set off a cultural revolution. you might not know about hefner, he championed the first amendment and gave a platform to some of the country s most celebrated writers. also new this morning, simon newhouse has died, chairman meritus of conde naste. we ll have the latest on newhouse s death. in tonight s reliable sources newsletter. sign up at reliable sources.com. patrick woke up with back pain. but he has work to do. so he took aleve. if he d taken tylenol, he d be stopping for more pills right now. only aleve has the strength to stop tough pain for up to 12 hours with just one pill. aleve. all day strong. for tech advice. dell small business advisor with one phone call, i get products that suit my needs and i get back to business. a heart transplant. that s a whole different ballgame. i was in shock. i am very proud of the development of drugs that can prevent the rejection and prevent the recurrence of the original disease. i never felt i was going to die. we know so much about transplantation. and we re living longer. you cannot help but be inspired by the opportunities that a transplant would offer. my donor s mom says you were meant to carry his story . shatters the competition. hydrating skin better 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while lawmakers are making a new push for kate s law would it prevent deaths like hers? congressman michael mccaul will join me coming up and the threat from north korea is real. national security advisor hr mc master says the potential for war is increasing every day what happens now? i ll speak live with former u.n. ambassador bill richardson as we look ahead right now on sunday morning futures. well, the house is set to vote tomorrow at 6:30 p.m. eastern to go to conference with the senate to hammer out one deal on the gop tax bill. after the senate passed its version, this weekend in the wee hours yesterday morning now both chambers must agree on a single bill that goes to the president s desk for his signature. let s bring in right now georgia senator david purdue who sits on the senate budget and banking committees. senator good to have you thanks for joining us. senator: hi maria. maria: congratulations to you and your colleagues getting this over the finish line last night. tell us how this went down. you passed a bill saturday morning without bob corker s vote. he voted no. senator: well, you know, i love sausage but i hate to see it made and that s what we ve been doing the last nine months but you re right saturday morning just before 2:00 a.m. we passed a historic tax bill first one since 1986 an i m very excited because this is so stimulating for our economy. our workers will become competitive again maria and as you talked in the last hour capital formation is coming out of the woodwork to support this economy so i am extremely pleas ed that we got this done. we ll go to conference next week we could have this on the president s desk within 10 days. maria: so a lot of conversation about the so-called trigger that your colleague senator bob corker wanted to put in the bill whereas if the revenue was not there, that you expect from this tax bill that a trigger would be in place to actually raise taxes. this was massively debated at the end of the day, it is not in the bill. talk to us about why you feel comfortable going forward without that trigger here. senator: well first of all, the jct, joint committee on tax says you only have to grow two- tenths of 1% in the gdp to more than pay for this and the c bo says four-tenths of 1% and what the president was doing all year was growing the economy, rollback regulations as you ve talked on your show go after energy which we ve done and now reform the tax package, so what we ve got is a situation where this economy is going to grow. i have full confidence that the business guy that lived to work around the world maria is going to be so stimulative. the rest of the world woke up saturday morning and took a deep breath because they were so afraid we weren t going to do this. america is back in business globally maria. maria: this is a good positive for sure, a lot of economists are expecting this to increase earnings and help the back drop for business so that business turns around and invests in r & d and infrastructure and hires new workers. how worried are you that in fact the savings businesses will see will result in those businesses buying back stock or increasing dividends as opposed to actually hiring new workers? senator: well maria i come from the school that all of the above is acceptable . this is capitalism. capital flow is very important in the generation of jobs and economic growth and that s what happens whether it s in dividend s or training or what but the people that i ve talked to in positions of power in the business world are saying look, we have been in a recession now for over eight years in some terms this is the lowest period of economic growth in our history. what these people have are pent-up needs in terms of job training worker training and so forth. capital investment in plant and equipment and what we re going to find is a lot of the ip will come back to our shores maria because of the details of this tax package but let me iterate this the benefit to the individuals is not to be ignored 68% of the tax cuts in this bill go to individuals such that a family of four this is two kids and a couple making a median income of $73,000 will get a 60% tax cut. a single mock making 41,000 with a child gets a 75% tax cut and we took 6 million people who pay taxes will come off maria. this is a great day for the middle class. maria: let me ask you to compare the senate bill versus the house bill. our viewers want to understand better how the final bill might look different from what you guys just passed in the senate. talk to us about the differences and how you see this bill looking differently once it gets to the president s desk? senator: well you know, to some degree maria, we passed that rubicon and in many ways over the last week the senate bill began to move toward the house bill which is a good thing in fact some people were saying maybe the house could go ahead and vote on the senate bill. we re not asking for that yet but it got so close that i think that s a possibility. look this committee, this group going to get together and rationalize whatever minor differences are there will do very quick work this week so i don t anticipate many changes. we moved in the salt area the state and local tax that we gave relief to some of the high cost states but also, i believe that we have taken out a lot of the differences so i think will move very quickly. maria: is there room to lower rates for some taxpayers here if you make a difference on salt, the state and local tax deduction being eliminated obviously is a big deal for some of these high tax states who may very well see higher taxes for some of their constituents. is there movement that you see happening in the next week that would lower rates for those individuals? senator: i really don t think so maria. the majority of people in the country are tired of subsidizing the high tax state and why should a couple with two children making an income exactly the same for the same couple with the same kid in california why should the couple in iowa pay more federal income tax? that s the case for the last 30 years. maria: yeah. senator: this moves to correct that to some degree. maria: at the same time though your colleagues on the left are calling this warfare. the washington post is out with a story today saying this is class warfare. we know that these are talking points from the democrats. we were expecting this but there s video that senators are saying that look, this is going to take us all the way into 2018 this is going to be our issue the fact that this is helping the rich and not doing enough for middle class families. they are going to be singing this song going into the 2018 elections. are you expecting the house to lose the majority as a result of this talking point? senator: maria, this is coming from the same people that taxed 8 million people in 2014 under obamacare, $2 billion and half of those folks make less than $25,000. this is such nonsense. they know that what just happened the 68% of these tax cuts are going to the middle class. what we ve got here is a situation where we re making america competitive again with the rest of the world. we re lowering the tax rate to 20% asia is already at 18 europe is at low 20s moving to that u.n. goes to 17 next year and the person that s going to benefit the most from this tax bill though is the person that gets a job maria. maria: i agree with you but look, we know what the left is saying and i want to ask you about this amt, because this is also very significant. the senate bill keeps part of the alternative minimum tax. why did you do that and isn t this going to mean that those people that we re getting a tax break are no longer getting a tax break senator? senator: well for the way we did it though for the most part it s the wealthy that the left is talking about got such a break. we ve put this back in there primarily to pay for an enrichment of cuts on the individual side just in the last two weeks maria, we took the cuts on the individual side this is in the middle class now from the median income and up we took it up by 20% from 3 trillion to $3.6 trillion we cut the tax code for the middle class so when you look at the math there is absolutely no support this is just for the rich and matter of fact even the repatriation tax we re talking about when it comes back in the u.s. the beneficiaries are going to be american workers. it creates a level playing field for the people who work with their hands every day across america. maria: but why was there no movement senator on the carried interest deduction? this is a deduction that obviously high earners use when it becomes real estate individuals, hedge fund managers , who are able to show income as capital gains rather than standard income at the top rate and that s not changed this deduction is in there. senator: well some of us really wanted to do that. it also affects other industries like energy and so forth, so when you get in the final hours of a bill like this, you had to decide are you going to shut this bill down or try to get the best you can get and that s what we ve been doing the last week so this is one that might get conversation in the conference as well, but again, it s one of those items that in our negotiations we looked at trying to make all of the chemistry work for all of the industries out there and this one didn t get put in there somehow. maria: real quick final question here give us the procedure this next two weeks what does it look like before this bill actually lands on the president s desk? senator: the house and the senate both will name a conference committee. they go together and work very quickly to work out any minor differences between the senate bill and the house bill and it comes back to then the house and senate we vote one more time and it goes to the president s desk but to me the senate bill got so close to the house bill i don t see a lot of controversy this week. i m hopeful we ll see the senate voting on this again by the end of this coming week maria. maria: wow this is exciting times senator good to have you on the program thanks so much. senator: thank you maria. maria: we ll be watching this big week ahead the verdict in the kate steinley trial putting the spotlight back on kate s law that passed in the house but stalled in the senate. could it prevent deaths in the future? i ll talk with mike mccaul one of the bill strongest supporters joining me next chairman mccaul. phone me at twitter at maria bartiromo at sunday morning futures stay with us we re looking ahead right now on sunday morning futures. hi.so i just got off the phone with our allstate agent, and i know that we have accident forgiveness. so the incredibly minor accident that i had tonight- four weeks without the car. okay, yup. good night. with accident forgiveness your rates won t go up just because of an accident. switching to allstate is worth it. 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(grunts of effort) can we do this tomorrow? if you have heart failure symptoms, your risk of hospitalization could increase, making tomorrow uncertain. but entresto is a medicine that was proven, in the largest heart failure study ever, to help more people stay alive and out of the hospital than a leading heart failure medicine. women who are pregnant must not take entresto. it can cause harm or death to an unborn baby. don t take entresto with an ace inhibitor or aliskiren. if you ve had angioedema while taking an ace or arb medicine, don t take entresto. the most serious side effects are angioedema, low blood pressure, kidney problems, or high potassium in your blood. tomorrow, tomorrow. when can we do this again, grandpa? well, how about tomorrow? ask your doctor about entresto and help make tomorrow possible. maria: welcome back the justice department is considering federal charges against the illegal immigrant acquitted of murder on friday. that s in the 2015 shooting death of kate steinley. the suspect had been deported five times before killing which he claimed was an accident. house homeland security chairman michael mccaul is one of the strongest supporters of kate s law a bill that would stiffen the penalty for anyone caught repeatedly entering the united states illegally. congressman mccaul joins us good to see you thanks for joining us thanks for having me. maria: we have a lot to talk about in terms of sanctuary cities and kate s law. let me get your take on what has taken place this weekend in terms of the robert mueller investigation. we know now the abc report on friday was erroneous, that the president directed michael flynn after the election one month before taking office. what s your take in terms of these developments this weekend? well with respect to mike flynn s investigation, you know this is an ongoing process. i hope we can wrap this up very shortly. i think the more disturbing report i heard come out was that one of the fbi agents assigned to the mueller investigation was reassure signed because of his political viewed. i worked in the justice department for many years and fbi agents should not bring in their own political bias into these investigations and the fact that this was one of the lead agents on the hillary clinton e-mail investigation, if true i think is very disturbing and possibly could call for reopening of that investigation. maria: this individual played a key role in the original fbi investigation of the trump russia matter. trump russia investigation even though i know loretta lynch wants us to call it a matter by the way. in addition he was not fired. he was moved to hr in the fbi, so what s that all about? they know that he s political sending texts to people, disparaging the president, pushing hillary clinton forward and yet he s taken off of that role but still in the fbi. he s in the human resources department. well i think it was correct to take him off this investigation with respect to how they handle him from a personnel standpoint leave that to the attorney general but again, i think this raises greater questions about the fidelity and the integrity of this investigation. you re never supposed to bring your personal politics into this sort of thing. i worked in the public integrity section and so not only the mueller investigation into the russian collusion now is being called into question but again, going back to hillary clinton s e-mails, perhaps that was improperly handled because of this political bias. i don t know the answers to all of that but it sure does raise a lot of questions that i think the attorney general now has to put this right. i found this as a former federal prosecutor again very disturbing and it does throw into question the entire investigation. maria: you think maybe it could be reopened then? i think the hillary clinton e-mail investigation if he was very pro hillary and anti-trump, this type of agent should never be assigned to this type of case maria: right. it s a political investigation. you re not supposed to put your political views into that type of investigation. again as a former doj guy, i find this troubling. maria: let s move on to kate steinley. we know that the killer here, the murderer, well he was found acquitted but he was deported five times and it opens up the question of sanctuary cities, mr. chairman, and why it is that san francisco refuses to follow the law of the land. well, this should never have happened. i m a father of five. kate steinley her father pleads help me as she died in his arms. this is one of those tragic things and to see a san francisco jury acquit this killer of the charges is even more tragic for the family and i think for the nation it signals a broader problem in our failed immigration policies. these sanctuary cities that give those who come into the country illegally who are criminals, safe haven and cities like san francisco it is a public threat and it needs to change. we passed kate pes law in the house. i would hope the senate would do the same. we passed a no sanctuary for criminals act which is sitting in the senate. these things could be quickly moved and signed by the president and finally maria my border security billboarder security for america act needs to be passed quickly in the congress. this will get the border secure so we don t have people like this guy returning five times. he was deported five times with multiple felonies and brought back. he came back into the country and then perpetrated this killing and then unfortunately got off the hook by i think a bias jury in san francisco because they knew this was a referendum on sanctuary cities. maria: incredible and at this point are you expecting support there? kate s law is mandating jail time for someone who continues to come back after being deported. we need to get these killers, these criminal aliens off the streets to protect the american people and the safety of the american people. to me, i don t understand what the holdup is in the senate but i think with this jury verdict coming down it cries out for action in the senate. i know the president is very supportive and when signed this legislation tomorrow it put on his desk and it also cries out for why we need the border secure. we need the wall and we need my border security bill passed. maria: and do you think that will happen in 18? i do. i do. we ve been working very closely on that border, interior enforcement and we also have to deal with daca at some point. maria: congressman thank you so much for joining us this morning. thanks maria. maria: great insights chairman michael mccaul. we ll be right back. video-game dance music [burke] abstract accident. seen it. covered it. we know a thing or two because we ve seen a thing or two. we are farmers. bum-pa-dum, bum-bum-bum-bum i kept looking for ways to manage my symptoms. i thought i was doing okay. then it hit me. managing was all i was doing. when i told my doctor, i learned humira is for people who still have symptoms of moderate to severe crohn s disease even after trying other medications. in clinical studies, the majority of people on humira saw significant symptom relief and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you ve been to areas where certain fungal infections are common, and if you ve had tb, hepatitis b, are prone to infections, or have flu-like symptoms or sores. don t start humira if you have an infection. just managing your symptoms? ask your gastroenterologist about humira. with humira, remission is possible. wifiso if you can t live without it.t it. why aren t you using this guy? it makes your wifi awesomely fast. no. still nope. now we re talking! it gets you wifi here, here, and here. it even lets you take a time out. no! no! yes! yes, indeed. amazing speed, coverage and control. all with an xfi gateway. find your awesome, and change the way you wifi. maria: white house national security advisor h. r. mcmaster says north korea is now the greatest immediate threat to the united states. this after the rogue regime last week test launched a missile that u.s. officials say could reach washington d.c. let s bring in former ambassador to the united nations bill richardson also the former energy secretary under president bill clinton and former governor of new mexico. thanks for joining us this morning. thank you, maria. maria: how serious is this threat? what can we be doing about it? it s very serious. the good news is that for 74 days or so, the north koreans did not shoot a missile. now, i think that was because of some diplomacy by the administration but now for some reason they shot another more sophisticated missile and look it s a very serious situation but what i think i like here is mcmaster and tillerson talking more diplomacy. yes, they have to put out the word this is unacceptable what the north koreans are doing but then they re under mined by the president who goes out and says he s a sick puppy. kim jong-un i don t like the president being insulted either but this good diplomacy that maybe we re trying gets disrupted by the president s early morning tweets insulting each other, so it s an escalation is not good and it s happening again. maria: what about the fact that we ve got this enormous arm ada off the korean peninsula sitting there warships basically saying look, america is here should you make a serious mistake north korea. well that s fine. you know, i think we have to protect ourselves the japanese, south koreans, there s 25 million south koreans there, american troops in japan dependence also in south korea, troops in japan. you know it s a very strategic ally important area for us but i think what we need to push and i think the secretary of state has been trying to do this is a freeze for a freeze. in other words north korea cuts down on shooting missiles for a period of time and maybe we reduce a little bit of this military cooperation with south korea just a little signals back and forth get the two sides talking because i don t think a military option makes sense with the collateral damage. yes we would beat the north koreans. sanctions i think have gotten a little better the chinese are a little more serious but not enough so then i think the third option is diplomacy, especially in this time of escalation. maria: well what should we understand about this most recent missile test? the fact that it has gone it went as high as it went shows you that it s really powerful because the higher it goes, the more length it can correct? it can travel. that s right it went up 3000 miles and it can go 8,000 miles which would reach washington d.c. now what the north koreans i don t think have yet is the capacity to put a nuclear war head on it and nonetheless it s still a missile that threatens guam, hawaii, alaska, you know the continental united states so their technology is evolving very rapidly. now in trying to be an optomist i think kim jong-un who is a rational actor even though he s totally unpredictable i think his game plan is now that i have the capacity to hit the united states in some way, then i m ready to negotiate. that s my hope and this is why i think this period we should take advantage of this period and not overreact. maria: should china be doing more here? obviously, china is a trade partner to north korea. have they done enough in terms of cutting off certain important trade products that the north needs? china has done more than they have in the past, significantly more but not enough. they need to do two things. a total bannon oil imports. they refuse to do that. there s only a cap on that, but the key is enforcing the sanctions the sun has supported and china has supported. coal, seafood, north korean workers that live in china. 80% of the commerce going into north korea comes from china, so if they enforce that cross dashboarder smuggling that does exist in other words work to do this a lot more it would be significant but to those that say china has not done anything that s not true and i give credit to the administration. they ve pushed china in the right direction but it s still not enough so i think the best option is again diplomacy work something out short-term and then talk about the future de nuclearize the peninsula. it s going to be hard but we should try. maria: good to have you on the program. as always wonderful insights from you we appreciate your time this morning. thank you. maria: bill richardson joining us allegations of sexual misconduct rocking the media, rocking washington. congressman john conyers so far refusing to step down amid growing allegations. coming up tennessee congresswoman marsha blackburn will talk about her proposal for handling harassment on capitol hill as we look ahead on sunday morning futures back in a moment. [vo] quickbooks introduces rodney. he has a new business teaching lessons. rodney wanted to know how his business was doing. .so he got quickbooks. it organizes all his accounts, so he can see his bottom line. ahhh.that s a profit. know where you stand instantly. visit quickbooks-dot-com. maria: well mnuchin is getting worse sex scandals cast ing a dark cloud on congress as well as this new claims this morning of bad behavior and reports of payouts to make the allegations go away. politico reporting texas republican congressman make fare ntold used $84,000 in public funds to settle a sexual harassment claim by a former staffer meanwhile michigan democratic congressman john conyers rejecting calls to resign over multiple harassment claims this morning we see there may be more accusers there. tennessee congresswoman marsha blackburn is with me naming members of congress who have used taxpayer money for sexual miss conduct hush funds and also running for the senate seat that would be vacated by senator bob corker and she joins me now congresswoman great to see you thanks for joining us. sure. maria: let s first talk about what s happening in terms of the issues on the misconduct we ve got lisa bloom the attorney for the accusers saying there are more accusers saying that john conyers acted inappropriately. what s your take on this situation? my take on all of these situations, maria, is that these are things that these members of congress or their staff need to settle and they need to do this in a way that is not using taxpayer funds and then it is going to be up to those members, their families and their voters to decide when and how and if they resign, but the most important point for us is taxpayer dollars should not be used to settle these misconduct allegations and come to those office of compliance to those settlements and this is what representatives desantos and then gabbert, rice and cooper who joined with us in doing a bill that says you can not use taxpayer funds to pay for these sexual harassment settlements and if you did, you need to pay these back with interest and we need to bring some transparency and accountability to this fund and to the office of compliance. maria: especially since the american people had no idea any of this was going on. what exactly is that fund for? i mean is this all sexual harassment payouts or is this payouts for other things as well like asbestos and other issues that the american people were unaware of? you re exactly right. the fund is used to pay many different types of settlements and claims and it could be an american with disabilities act claim. it could be asbestos. it could be something dealing with capitol police or the architect of the capitol. our point is when it comes to the hostile work environment and sexual harassment, that those claims should not be settled with taxpayer funds. that should be the responsibility of that individual because maria, we re talking about things that are happening within the work of your official duties as a member of congress but taxpayer dollars ought not to be used to settle those filings and complaints and those settlements. maria: so how much of the fund has been paid out for sexual misconduct? we re not exactly sure and i will tell you chairman harper who is chairman of the house administration committee is really in behind this. he is doing a good job to get answers. we know that all total since 1995 there have been 268 claims paid. we know the total is 17 million. how that breaks out with different types of complaints and settlements we do not know. that s the information that we are hopeful to get. the chairman is working to get that for us and working with him , you have those of us who are members who are trying to structure the manner in which this works, the way members are utilizing these funds and to bring the accountability, transparency and eliminate the hush fund that has been there that has been utilized in some way, shape and form. maria: i want to get to your senate seat in a second but let me ask you this. do you think there is a double standard when it comes to congress in this situation because obviously, there were accusations against matt lauer he s been fired. charlie rose he s been fired. you know these companies in the private sector took no tolerance , zero room for error here and yet we ve got al franken hanging around, john conyers hanging around they still have their jobs so is there a double standard here when it comes to washington? you would think and it does appear that there is a double standard that is here and the utilization of taxpayer funds for personal bailout to settle these settlements is something that is a taxpayer bailout is one of my constituents said to me last night. this is not an issue of an your own time, on your own dime. this is an issue of on the people s times and on the people s dime. maria: you make a lot of good points this morning let me ask you congresswoman about your senate seat bid. you re running for the seat which will be vacated by bob cork erin 2018. why the move? why do you want to run for that seat? why do you want to be in the senate? for me, running for the senate is the opportunity to continue to work on those issues of safe family freedom, hope and opportunity and to bring accountability, legislative accountability and accomplishment to the u.s. senate. i think everybody is frustrated with the u.s. senate and we all cheered when they passed their tax bill on friday night, but maria, we have to get things through the senate and to the president s desk. the american people elected donald trump. the work on issues of healthcare reform, tax reform, securing the southern border, and dealing with the nation s infrastructure i am committed to those goals, i share those goals, and i am energized about this race. it is really going well. maria: why were you shut out of twitter just because you were talking about what you were trying to pursue in the senate? i was shut out because i used some pro-life language and they considered it to be inflammatory i was talking about a record of accomplishments that i have and sharing the select investigative panel where we shutdown entities and moved forward with eliminating the sale of fetal body parts and that is something that is not allowed. it is outside of federal statute and twitter considered that inflammatory and i was so pleas ed at others in the social media universe stood with me and it is a free speech issue. maria: exactly. do you feel that you were shutdown because of your conservative thinking? there is no doubt. they noted that if i remove the pro-life language they would put it back up and i said no i m not going to remove the pro-life language because i am 100% pro- life, so finally they changed their mind and they allowed the announcement to go back up. maria: we just tweeted out that you re on the show we ll be watching the developments obviously, big week for the senate this week. yes it is. maria: bob corker voted no on that tax plan by the way we ll be watching your efforts to claim that seat congresswoman good so see you. thank you. maria: marsha blackburn there. president trump another step closer to a big legislative victory with tax cuts coming up art lacker will walk us through what s different in that senate bill to hash out what this final bill might look like we re looking ahead right now on sunday morning futures we ll be right back. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it s our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. maria: welcome back republican lawmakers hoping they can iron out key differences between the house and senate tax bills during conference beginning tomorrow night, both chambers must agree on a unified tax bill before it can reach the president s desk for signing. art lacker is a former reagan administration economic advisor joining me now thanks for joining us. good to see you maria. boy what a good interview with marsha blackburn isn t she wonderful? maria: she was terrific. she s amazing she will be a great senator. maria: it looks like she s got the front row seat here the front runner so far. way ahead. maria: help me with this tax plan in terms of the senate and the house what strikes you as most important and how will it be different than what lands on the president s desk hope physically in the next couple weeks. there s one thing that bother s me a lot about it maria. i love the bill so don t get me wrong. i m way way plus on it but the delay of the corporate tax rate reduction is a big big big mistake. it s a mistake we made in the 1981 tax bill and it caused the great recession of 81-82. if you know they re going to cut taxes next year you ll for all of the income you can all of the sheltering you re going to keep it all and not change your corporate headquarters none of that stuff will happen until the actual tax rate drops from 35 to 20%. that s the one thing that worries me. maria: i totally agree why would businessman agers make long term investing plans? you re not going to make an investing plan for five years knowing you re not going to get a 20% rate for a little while. that s correct. maria: so do you think that changes by the time the house has it right away in 2018 at 20% well i hope the house wins on this one i really do and if my advice means anything i think these people should be very worried because we can ill- afford a bad economy in 2018 we had a terrible economy in 81- 82 and lost seats in the house and senate and wasn t until january 1, 1983 our tax cuts took effect and then we got the boom of the century and won the presidency but we had a very bad election in 1982 and i would hate to see the republicans have that same thing happen in the next election in 18 frankly we should pick up a lot of seats in the senate. maria: if the house loses the majority in 2018 nancy pelosi becomes the new speaker of the house and you know what the first order of business is going to be. yes i do. maria: impeach donald trump. i think that might be the case and i mean, we ve had enough of this type of politics. i was in the nixon white house in 70-72 and i remember all of the changes all of the stuff that occurs. when you re under threat it doesn t make for a maria: constant investigation how do you get anything done with constant investigation and in the executive office. let me ask you this same thing was true with bill clinton. it was really wrong of them to do the impeachment of bill clinton as well. it s too bad. maria: in addition to the 20% sort of delay here in getting to 20% is there anything else that you think will change in this as the final bill? for example, they don t entirely repeal the amt in the senate version. no they don t repeal the amt, and i would like them to repeal the amt. i m not as upset about the amt as i am about if they got rid of it and the senate did something great with the mandate they got rid of the mandate and that was really good and i hope the house accepts that portion of the senate bill. maria: but how do you pay for all of this art that s what the skeptics are saying a trillion dollars adding to the debt. if you don t do these things if you don t delay the 20% how do you come up with the pay for it? let me just tell you this is the biggest red herring i have ever seen in my life. either one of those tax bills will pay for itself many times over. what you re worried about and all these other people talk about is this phony accounting system done by the congressional budget office by the joint tax committee and i m unwilling to let any of that determine my thoughts for that. this will raise revenues dramatically because we ll get higher growth when we ever had surplus it s under bill clinton s phenomenal administration and we had the worst times under 74 under johnson, nixon ford and carter and under obama. this will raise revenues a lot. maria: i ve got a jpmorgan report in front of me saying they re telling clients earnings will be up 8-9% on top of the strong earnings period we ve ever seen as a result of the tax plan. and what about the 401 (k)? maria: that s why this market is up $6 million. this is what we ve all been dreaming of maria so let s not let them spoil it now. tell them don t do it please you re the voice of reason. maria: art good to see you sir thank you so much. great to see you maria. maria: we ve got a panel on deck next as we look ahead on sunday morning futures back in a moment. psoriatic arthritis tries to get in my way? watch me. i ve tried lots of things for my joint pain. now? watch me. think i d give up showing these guys how it s done? please. real people with active psoriatic arthritis are changing the way they fight it. they re moving forward with cosentyx®. it s a different kind of targeted biologic. it s proven to help people find less joint pain and clearer skin. don t use if you are allergic to cosentyx. before starting cosentyx you should be checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms of an infection. or if you have received a vaccine, or plan to. if you have inflammatory bowel disease tell your doctor if symptoms develop or worsen. serious allergic reactions may occur. with less joint pain, watch me. for less joint pain and clearer skin, ask your rheumatologist about cosentyx. now what? well, after your first reaction, consider your choices. go it alone, against the irs and its massive resources. hire a law firm, where you re not a priority. call your cpa, who can be required to testify against you. or, call the tax law firm of moskowitz, llp. i went from being a cpa to a tax attorney because our clients needed more. call us, and let us put our 30 years of tax experience to work for you. maria: welcome back we bring in an all-star panel now kaitlyn burns is a national political reporter for real clear politic former knock senator a fox news contributor thank you for joining us the tax bill here we are senator finally on the doorstep of passage, your thoughts? thank god they got a bill done, but it could have been much better maria. maria: you don t like this bill? look, it s better than nothing because it will help the economy but there are some inequities here that are horrific. maria: like the delay of the corporate rate. delay of the corporate rate and you re just not going to get this economy going it s a mistake, like keeping carried interest. that is giving people the lowest tax rate possible who haven t invested money. maria: and the rich. the rich that is over $100 billion that could have been used instead of going up the state and local taxes and wiping them out to help those people because middle income people particularly in new york and in the northeast are going to be heard. maria: i don t think it makes it to the final bill i ll be honest with you. i don t think the delay in the corporate rate makes it to the final bill. carried interest i m not sure about but that s a head stretch. m. can i tell you something and i say to republicans and democrats alike for god sakes you know it s a giveaway to a handful of wealthy people who are not investing money. that hundred billion dollars could be used to help working middle class families. maria: that s not even in the house bill so i don t think it makes it into the final bill. the carried interest deduction is there in the house bill and in the senate bill so it s not going to be eliminated. they should eliminate it. they could save a hundred billion dollars. maria: kaitlyn what do you think? my god wake up and stop being the arm and tool for lobbyists. it s wrong and i m a lobbyists but that is outrageous. maria: wow. well here is where the politics comes in because the tax bill for several months has been this proxy for governance. republicans have needed to show something for their majorities in washington, so on that note this is a very big deal. of course they have to be reconciled the house and senate versions before they get to the president s desk but this is a very big deal for republicans trying to show they can govern. they are going to have to face those political ramifications you were describing what this bill does for middle class americans, whether it is perceived by voters as something that is geared more towards the wealthy than middle class. we ll see what the economy looks like in 2018 and that will be a big indicator of how and whether this looks. maria: all the major firms are looking at 4% global growth in 2018. there s a lot of optimism about what s happening here. the tax plan as well as the rollback and regulation on friday major selloff because of an abc report renow know was misleading. right and abc had to offer a significant correction, the correction of course is that the president their reporting showed president directed this during the campaign, it turns out that it was not a campaign at all and very significant correction here i think the flynn news is also very important of course as the president is trying to to the an accomplishment that would be the tax bill that overshadowed by his top advisor. maria: well monday i would expect we get a rally in stocks now that they passed this but we ll see about that. listen republicans needed a tax bill. they can make a bill that i think is good for the business, better for the american people. they really have a chance to do that in conference. i hope they do it. maria: so in the next week and a half then. we ll see about that. great to see you both. good to see you too. maria: come back soon that will do it for us on sunday morning futures i m maria bartiromo. i ll see you tomorrow morning bright and early 6:00 a.m. on the fox business network join us for mornings with maria 6:00- 9:00 a.m. but stay with fox news right now mediabuzz with howie kurtz after this break. e e driving bonus check every six months i m accident free. and i don t share it with mom! right, mom? righttt. safe driving bonus checks. only from allstate. switching to allstate is worth it. .. howie: saturation coverage as mike flynn pleads guilty to lying to the fbi. why has the white house told you so many lies about this story. are aren t that s more dots after michael flynn. the dots go to kushner then the president. hyperbolic response by the media. just jump straight to the gallows for trump. howie: abc suspends brian