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Series of bizarre attacks. the feds say they still don't know who is targeting americans. that's ahead this hour on "shepard smith reporting." i'm trace gallagher. president trump praising the new tax plan and praising the biggest tax cuts in history. he also promised to make the tax codes simple, easy and fair and he says the u.s. needs to encourage companies to stay in america. >> one team, one people and one great american family. this can be remembered as the moment we took control of our destiny and chose a future of american patriotism, prosperity and pride. >> the white house and republ...

The tax codes aren't just rates anymore because the complexity. when we simplify it, it changes it. so again, at the end of the day, we'll continue to make sure this is fair and lowers those rates. >> neil: chairman, one of the provisions in here is to address the high tax situations in a lot of big stakes like new york, illinois, california, new jersey, et cetera. removing the deductibility for the state taxes paid in those states, a lot of your colleagues from these states, that could be a nonstarter, too. by my count, 60 plus republican congressmen that could be affected by that or at least...

All well president trump gets ready to speak about tax reform at an event in indianapolis just a few hours from now. some details of the plan emerged yesterday when the president personally appealed to house lawmakers to get behind this proposal. >> our plan is based on four very crucial principles. first, we must make our tax codes simple and fair. it's too complicated. people can't do it. american taxpayers waste 6 billion hours each year complying with the tax code under our plan. the vast majority of americans will be able to file their tax return in a single page without extra record-keep...

Re-election and i think a lot of that, you know, has to do with the way that republicans are perceived right now in washington with their repeated failures to do the things that they promised. so i think it's just interesting in, you know, what's going to happen in the years ahead and can the republicans really hold on to their majority? i think that's going to be interesting. >> neil: they got to get those tax codes through whether you like them or not. that's going to be their holy grail right there. bre, always good seeing you. thank you very, very much. >> thank you so much. >> neil: all r...

In the short term. we are seeing 9 economy grow. the economy has been struggling for way too long. the growth in this country for 10 years has been does mall. we lower taxes, you will see tour economy grow at significant rates. chris: the president said he wants to cut taxes on the middle class, not necessarily for the wealthy. but a new report says this plan will cut the top rate from 35%. are they cutting the tax rate? >> he's eliminating all the deductions that most of often the wealthy take advantage of. our tax codes picks winners and losers. x getting rid of those deductions the people a...