tv Sunday Morning Futures With Maria Bartiromo FOX Business October 29, 2017 10:00pm-11:00pm EDT
over at fox news. that will do it for us on this special one-hour edition of "wall street week." have a great weekend. i'll see you next time. treat. >> abby: [laughter] >> maria: good sunday morning everybody. we have a huge week ahead as soon as tomorrow, there may be an arrest in the robert mueller russia probe. house republicans are expected to release their tax plan on wednesday, and congressional investigators take a deeper look at the obama era uranium one deal. good morning everyone the i'm maria bartiromo welcome to sunday morning futures. the wall street journal reporting at least one person has been charged in robert mueller's russia investigation. an arrest possibly coming tomorrow, where does the probe go now i'll talk with house majority leader kevin mccarthy and house counter terror subcommittee peter king and former arkansas governor mike huckabee coming up and i'll also
speak with congressman mccarthy about the republicans tax plan set to be released this wednesday, what are the remaining sticking points, we'll talk abe coming up. plus the road ahead for saudi arabia part of my conversation with the future king, crowned prince mohammed and what may be the start of a revolution of sorts there. all that and a lot more coming up right now as we look ahead on sunday morning futures. well, tax reform will be the talk of the town this week in washington as the house ways and means committee prepares to release its tax plan on wednesday. the measure will then go through a markup session before advancing to the floor. house leaders also hoping to address concerns expressed by the 20 gop lawmakers who voted " no" on the budget bill last week. joining me republican california congressman and house majority leader kevin mccarthy. >> thanks for having me on. >> maria: thank you so much for joining us. wednesday is a big day. can you give us a sense of where
we are in terms of the tax bill and what are the sticking points that remain? >> first of all we have to show how far we are on the tax bill. the house took up the senate budget so we could move two weeks faster to get tax moving. we have the criteria, we want it to be simple, we want it to be pro growth and we want to help the hard working americans, so we double the standard de discussion, so a family couple and they now get their first $24,000 tax-free. you want to lower that corporate rate down to 20 so we can compete around the world, latest studies show that means 4000 more dollars into the household income by getting that up. small businesses create more jobs lower that to 25% the lowest its been in 80 years and simplify it so people could actually just fill it out on a postcard. keep the home deduction, keep charitable, and expand child tax credit. >> maria: there is a point of debate obviously with the state and local income tax deduction and that being eliminated. what can you do to appease those
congressman and congresswoman in those high tax states like new york, peter king already said i can not vote on this. >> well the one thing that i'm from california. and a lot of that happens to do with the state politics more liberal raising taxes and having the federal government write it off. what you really want to look at and we've been sitting down with all those individuals, kevin brady numerous meetings and a lot of great ideas they proposed dealing with the property tax portion and the one thing you'll have to remember, if you double the standard deductions, if you lower the rates and you eliminate amt, if people look at the overall tax plant and they live in those states, they're going to like the final outcome of what it deals with, especially if you're that middle income hard working american. you're going to get a tax savings in the process and if you're eliminating the amt, that really offsets what people are doing when it comes to that so we're looking at property tax because some of the states have very high property tax and kevin brady is going to have something coming forward that the majority of those members are going to
like. >> maria: that's not enough though for peter king. you could retain the property tax deduction but he continues to say that new york pays into the federal government more than it's getting back that in fact even governor cuomo tweeted recently under this tax plan, every new yorker will get a tax increase so how could the president say this is the biggest tax cut in history when in fact a big portion of the country gets a tax increase by eliminating that deduction? >> there's two points you have to look at. first nancy pelosi said the same thing and she just got two because it's not true. actually it helps the middle class. secondly i come from california. the argument is you're not getting back your federal money? well first of all california and new york they have to live within their means. federal government borrows so they spend more than they actually bring in. secondly, what you really look at the biggest payments going out are to medicare and social security, so if you come from a state that has an old population , you're going to get more than what you come from, more than what you pay in. i like the idea of california being more prosperous and being a younger generation. that gives us a better future so
you really got to compare apples-to-apples. that's an argument that doesn't play when you're talking about state and local tax deductions. if you're lowering the rate, letting people keep more of what they earn so if i go from giving the first 12,000 tax to 24 that helps me save to buy a new home, helps me determine whether i want to send my kids to private school and other and then i lowered the rate you're paying from 10% to 0, from 15-12 i'm actually keeping more of my own money so it offsets any difference when it comes and actually lets me keep more and grow the economy. >> maria: is there a way that you could sort of adjust that to a cap on certain incomes so if you make more than $200,000 then you will not be able to deduct that but if you make below $200,000 you can in fact keep that deduction or you just not generating enough revenue to put caps? >> we want to look at overall and the one thing you have to remember only about a third item ize, after we raise the standard deductions, fewer will itemize in the process too because they have a better
savings. we were looking at the property tax. there's a lot of different ideas going forward i say let's look to see what kevin brady brings out on wednesday but the one thing very important those members that come from the state they have been so productive in expressing what their districts are looking at, we've been looking at the numbers they've been expressing what they want to see and at the end of the day their voice is being heard in what we're able to put forward for them. >> maria: do you want to change contributions into a 401 (k)? no, i think 401 (k) is very important. what we are going to find out in ours we'll raise the amount that you could put in. the more than individuals can invest their own money, the better off we are in the long term. they have more capital, they can protect themselves in the future and not looking to govern it. >> maria: is that a real significant amount of money you can save? i recognize you're talking about a budget that was half a trillion dollars overspending the next year's budget half a trillion dollars overspending. you need to look for as much money as possible to pay for the tax cuts, but will you really get money by doing anything to change 401 (k)?
>> no look the way we deal with 401 (k) there's two ways to do it. einstein said there was only one miracle in this world the time value of money so the more you put away earlier the more you'll have later and if you can do it and not be taxed later on there is a way to make americans more self-insured, have greater resources, so the way we'll look at the 401 (k), we will protect it, expand the amount that you can invest but we'll also give you an option to actually not be taxed later in life, not to have that tax burden hovering over you in the future but actually have greater income in the future. >> maria: some of the issue is that you've had all of these surprises in the budget right? you had to give money, the u.s. gave money to puerto rico, texas, florida, california wildfires. you're just become from puerto rico tell us about what you saw? >> i went down to the virgin islands, to puerto rico and key west. it was a bipartisan trip. it's devastating because puerto rico we were dealing with even prior to getting hit by two hurricanes. their grid system is probably
the oldest one, the least efficient, and one that we need to not rebuild as is but put a new 21st century grid system in there. we went further into the interior than any congressional delegation. >> maria: i'm looking at you here on this plane overseeing the florida keys. >> and this is bipartisan so that's the democratic whip as we're actually flying up in the air, that's a coast guard plane where they open up the back and let us hang out to actually look at the damage to get a real view going about a thousand feet. it is devastating what its caused down there and what you really want to look at we would look at certain areas that have been wiped out but the house next door survived perfectly because of new building standard s. the building standards matter so when we go back and make investments here, we should prepare ourselves there will be a future hurricane some time in the future. its happened before and it will happen again but we should prepare ourselves, so we're not repaying the exact same thing. >> maria: i mean in terms of more money going out, can you
actually now look out to say okay this is what we're spending or you have no idea these are open questions in terms of spending? >> we're working closely with mick mulvaney at omb, and closely with the governors in those states as well and territory, and we want to make sure it's effective, efficient and transparent. we need accountability but we want to help these individuals just as any other american when they're injured as well. >> maria: let me end where i began and that's tax reform. lindsay graham this week said it's going to be a different republican party if we don't get this done. if you don't get this done by the end of the year are you expecting that you lose the election in 18? >> you should not vote based upon whether you think you win or lose an election. just do what's right for the american people. put people before politics and the one thing i've watched in the last eight years, growth has been so low. it's some of our worst years ever. bill clinton's worst year is growth year was higher than barack obama's best year. we just went through our second quarter of having 3% growth.
president trump has done an amazing job eliminating a lot of this regulation, cutting the federal register, getting growth back up there. tax is the part that will keep more money in americans hand getting small business moving again and more jobs created at the end of the day, i'd love to run on that. >> maria: i've got a text from one of the congress men who said i'm hearing bits and pieces of this tonight while i'm at dinner and there's a story on political that says gop tax bill in secrecy. are you going to have another situation where we saw in healthcare where nobody knows what's in this bill until wednesday and then there's all of these fightings? you've got the real estate lobby saying look, we don't want you to make all of these changes in terms of the real estate business. how are you dealing with all of the lobbyists? >> that is just simply a democratic talking point because think of this. we put our framework out there before the election. we did a conference all day where every member came in and we walked them through it. we have put out our postcard to the american people. this has been out there for a number of months sitting there and what's more importantly here
, those that want to keep their loopholes, yeah they will argue and pay lobbyists a lot of money but this is exactly why this president won the election, because he's listened to the middle class. he's fighting for the middle class and that's what this plan will do, create more jobs, put america competitive around the world and think of those trillions of dollars that come back and invest in america instead of other countries. >> maria: what if you don't get these congress men from the high tax states? what if they vote no on the tax bill? do you have a major problem you need to appease these people to actually get their vote? >> they've had really good arguments and been very constructive in talking about trying to find the best policy going forward and their ideas are put into this tax bill and i think when you see it rollout you'll see that their input made a difference, especially there and anybody that's living in those states look at the entire plan. >> maria: because the 20% corporate rate is a serious decline, and that's going to probably empower businesses to spend money and invest in jobs.
>> the latest study comes back and says conservatively $4000 for a household and think of this. if your rate is lower, if you get to keep more of what you earn, double tax-free at the very beginning, you're collecting more money into your pocket. so if someone's picking one item in the tax bill, look at the whole bill as a whole and you'll actually save money. >> maria: so is the 20% rate is that in jeopardy or are you getting mostly agreements on that? >> we're getting agreement. >> maria: real quick congressman on robert mueller' investigation we're supposed to get the first indictment tomorrow. the wall street journal is asking for him to resign. your thoughts on this investigation, is it still a witch hunt? >> i don't know where he's going it brings a lot of questions to mind especially who he hired at the very beginning a lot of individual attorneys who played in politics who have given money on the democratic side. the one thing i do know for sure , let the investigation go where it may. this president won the election on that he connected with the american people. no other influence involved. but the idea of what i've
watched with the democrats have been doing raises a lot of doubt of what they played in this election. >> maria: it sure seems that way good to see you majority leader kevin mccarthy congressman, the majority leader in the house. we'll take a break and when we come back more in the mueller probe in the moment house committee member peter king will join me and then follow me on twitter at maria bartiromo@ sunday morning futures , let us know what you'd like to hear from congressman king and guests this morning we're looking ahead on sunday morning futures we'll be right back. 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.
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>> maria: welcome back to wall street journal reporting the special council robert mueller has filed the first charges in his russia investigation. the journal reporting there could be an arrest as soon as tomorrow. want to bring in new york congressman peter king right now the chairman of the house subcommittee on counterterrorism and intelligence and member of
both the homeland security committee and permanent select committee on intelligence always a pleasure thanks to much for joining me this morning. >> thank you maria. >> maria: i've got to get into the salt issue with you on taxes but first let's talk about this robert mueller investigation. the wall street journal out with an op-ed on friday last week basically asking mueller to resign. let's take a look at that headline right here in the journal and i want to ask you your thoughts on this. it says that it is no slur against mr. mueller's integrity to say he lacks critical distance to conduct a credible probe of the bureau he ran for a dozen years. given all of his conflicts he could best serve the country by resigning to prevent further political turmoil over that conflict of interest. your thoughts congressman king? >> let me just say two things one i'm on the committee investigating the whole alleged russian collusion and i've not seen one bit of evidence we have michael cohen, whose president trump's attorney he answered every question been there for almost all of the witnesses not
one word of evidence linking in any way the trump campaign to any russian collusion and as far as director mueller serious issues have been raised certainly involving the uranium investigations coming up, the role the fbi had in that. i think there are issues here which he's going to have to address because it is going to involve the investigation in what the fbi was doing and not doing at a critical time during our relationship with russia when he was head of the fbi so i'm not calling on him to resign but there are issues he has to address and discuss them publicly. >> maria: but do you think he's going to effect you'vely address the fact that hillary clinton over saw the sale of 20% of the u.s. stockpile of uranium and then she was given $140 million to the clinton foundation. is he going to actually investigate effectively the fact that john pedesta's brother tony had a lobbying firm he was actually lobbying against sanctions against russia? all of these things are so front and center and yet we're still talking about the potential collusion with the president.
>> no, these issues i think bob mueller should come forward to the congress and explain how he addresses them because it's not a question whether or not the clintons what involvement they have but also the fact he was head of the fbi at a time we've been told an investigation is being conducted by the fbi as far as bribery and collusion involving the russians and yet, this was approved the cabinet and the treasury secretary, secretary of state and the president, did the fbi notify the administration the obama administration at the time this investigation was ongoing and all of the allegations are being made and if so what was done. >> maria: real quickly let me switch to the state and local tax issue you're really knee deepen. you heard what kevin brady just said is that going to be enough for you property taxes that they will keep that deduction in. it looks like that's what's happening but they're keeping the state and local deduction to be eliminated. >> well first of all let me tell you know one has spoke spoken to me on this at all.
we had one meeting with kevin brady on thursday and also steve scalise. i've heard nothing since then at all. kevin mccarthy did say about the property tax and again that is a step forward but by not allowing the state income tax deduction, that has to be fully analyzed because that is a major issue in my district also and throughout the state of new york, so this is coming out on wednesday. they've had nine months to put it together. this is a bill which is going to affect generations to come and the impact, its been 30 years since our last tax reform. we can't afford to have this go wrong so i'm not signing on to anything until a full package is fully examined by analysts in my district and not just from my district but also for adjoining districts the city of new york and new york state with all our economies interrelated and to lose that deduction which by the way goes against the principle we've had since 1913 that you don't have a double tax you don't pay tax on a tax and that's what's happening here. i'm still very concerned. >> maria: you've said new york gives $48 billion more than we
get back from the fed. you've said that over and over. you're going to vote no then if that deduction is eliminated, real quick. >> again, i would say the entire package right now i'm certainly not on board. this involves the future of my district for years to come. i'm not going to sign on and the fact we're getting it at the 11th hour raises real issues 11th hour raises real issues with by listening to an thiaudiobook on audible.ame and this guy is just trying to get through the day. keeping it together. losing it. upgrade your commute. ride with audible.
>> maria: welcome back. the feud between president trump and senators bob corker and jeff flake heating up as the white house fires back at their criticisms ahead of a critical week on capitol hill. will the war of words be a problem for the party on matt r es like tax reform. joining me now to discuss that former arkansas governor mike huckabee governor always a pleasure good to see you. >> good morning maria. good to be here.
>> maria: we know how important this tax reform plan is. kevin brady will come out with a plan on wednesday. we know how important the agenda is to the american people, and yet these fights between the president and these senators, aren't they dancing on or walking on egg shells in terms of impacting the way they vote? >> i have no idea why bob corker and what in the world jeff flake has to be thinking when they go after donald trump in the midst of this discussion of tax reform >> maria: exactly. >> they may not like him that's their perogative but my gosh, maria it's time to do something for the american people acting very selfishly, acting very different and they need to grow up and quit getting in it with donald trump. he's always going to hit back harder than they have the capacity to hit and do something , earn their paychecks, and move on. it's as simple as i can put it. >> maria: i totally understand what you're saying but at the end of the day this is about getting his agenda executed, and
if he loses votes because of personal matters, look we know what happened with john mccain. senator mccain blew up the healthcare bill because there's a personal fight going on. i mean, i asked the president this when i sat down with him a week ago, when we were at the white house and i asked him how important it is to have better relations with the senators watch this governor i have to get your reaction to what he said. >> your supporters say you know, he's got fantastic policies we want to see this through but the bickering and feuding gets in the way so obviously the feuding with senator corker, i think there's a personal thing going on between you and senator mccain. do you worry that this bickering and feuding gets in the way of your agenda? >> no, and sometimes it helps to be honest with you so we'll see what happens in the end but i think actually sometimes it helps, sometimes it gets people to do what they're supposed to be doing. >> maria: bottom line here, governor are they going to need democrats to vote yes on this
tax bill? do they have the votes? >> governor: well i think they do because i can't imagine a republican would go and even claim to be republican and then vote against a tax cut for all of the people who will benefit including the people who need jobs, the people who need a better job who need a better wage, all of whom will benefit from the tax plan, so you know at the end of the day, what are they thinking when they do this? but you know here is what i wonder. why is it that some of these republicans are so anxious to get a tongue bath from charles schumer and the national media which is what they get if they are willing to go criticize president trump. why aren't they more interested doing what their constituents at home want and look at the number s. corker and flake went to the toilet with their approval ratings and their home states once they decided they will spend their time attacking the president rather than solving the problems of their citizens and home states. >> maria: well let me switch gears and ask you about what's going on with the robert mueller investigation governor because tomorrow we may very well get
the first indictment? what are you expecting to see you saw the clip earlier from the wall street journal that's basically saying look, mueller is way too conflicted with his relationships within the fbi having run it. he needs to step down particularly since we've been following this witch hunt of an investigation looking for collusion with the trump administration that doesn't exist and all the other collusion is right in front of our noses with the democrats. >> governor: well i think that it's easier to find big foot than it is to find collusion between the russians and donald trump. the fact is what they really need to be looking at is the $972,000 that obama for america paid the perkins law firm why hillary clinton paid them $5.6 million in 2016 that same law firm who in turn funded the fusion gps research on the dossier that turned out to be total fabrication. there is some smoke but it's not in the camp of the trumps.
it's in the camp of the dnc and hillary campaign. if mueller doesn't go after that , then i think that he shows that all those people he hired who were hillary donors were in fact there for the democrats in trying to protect her rather than protect america. one important point, maria i feel like we've got to focus on. people have said particularly democrats and a lot of the media people but then i repeat myself. well, hillary is not elected so it doesn't matter. well it does matter for the simple reason. this is not about who won the election. this is about who broke the law and broke faith with the american people. >> maria: you know, i have a question actually. i mean, this whole dossier, i'm glad you brought up this dossier because i want to know what evidence came from the dossier which now we know is a completely fabricated piece of nothing did the idea to wire tap trump tower come from anything from the dossier which now we
know was fabricated? this is an important point. >> governor: well, yeah, there isn't anything that's come from it. i mean it's proven to be-- >> maria: no but they got approval. go the entire harry potter series. >> maria: they got an approval to wire tap trump tower based on what? the dossier? >> governor: that's a good question we need an answer to and if they did, then wherein the obama administration was the push to do the wiretap and let's be clear about a wiretap. we're not talking about just tapping a phone but listening in and having surveillance that could be in many many different forms, but why was that done to whom it was done, who had a look at it and how high up did both the approval go and the surveillance actually end up? those are important questions and again, forget the politics of it. this is important because any time an american's liberties , their civil liberties are trampled upon by a federal government who can do pretty
much anything they want to do, all of our liberties are at stake and we better never forget that. >> maria: it's a great point governor huckabee god to see you thanks so much. >> governor: thank you, maria. >> maria: we'll see you soon. coming up next the u.s. and the mid east signs a progress in saudi arabia letting women drive declaring war in extremism and i'm just back and i witnessed what could be the start of a revolution. hear part of my conversation with the crown prince, the future king as we look ahead on sunday morning futures this morning, 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? ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone
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investment management services from td ameritrade. >> maria: welcome back. i am just back from saudi arabia where i spent the last week. i witnessed what seems like the beginning of a revolution happening there. i was honored to interview the future king of saudi arabia, crown mohammed, crown prince on stage at the kingdom's future investment initiative conference during our interview he sent a message to the saudi people on the world that he is leading a new vision in saudi while being interviewed by me, a symbol of freedom in my jacket and pants, not covered up. the country was buzzing about his remarks. >> you have an incredibly beautiful country. you have the resources but you are having radical ideas some
might say, recently you've announced that you will soon allow women to drive. you are allowing foreign investment in your beautiful country. why now, what triggered this change in thinking? >> first of all, i don't want to get out of this topic and discuss politics outside of the scope of today but i'll just be very brief. saudi arabia was not like this prior to 79. saudi arabia and the entire region, you have the awakening project spread after 79 for many reasons. today is not the right day to discuss them. we were not like this in the past. we only want to go back to what we were. the moderates islam that is open to the world, open to all the religions. >> [applause]
>> 70% of the saudi people are less than 30 years old and quite frankly, we will not waste 30 years of our lives in dealing with extremist ideas. we will destroy them today. >> [applause] >> we want to live a normal life , a life that translates our moderate religion, our good customs, we co-exist and live with the world and contribute to the development of our country and the world. this is something that there are steps that we have taken in the past that are clear. i believe that we will eradicate the rest of extremism very soon so i don't think this is a real challenge because we represent the moderate teachings and principles of islam and we have the right. the right is on our side and everything that we deal with, so i don't think that we're concerned. >> [applause] >> maria: wow. that was history in the making my thanks to him, crown prince
mohammed. president trump announced $400 billion in new deals at the close of his recent trip to the mid east in saudi arabia included as the two countries move to strengthen their relationship. the crown prince respects president trump. they share a common enemy they both say and that is iran. joining me right now is ian brem er, author of superpower, three choices for america's role in the world and do you think that's accurate? they share that common enemy, iran? >> oh, no question, and the u.s. saudi relationship which has long been good has gotten stronger under president trump. remember, it's unheard of for an american president to first go before any other country and treated him like a king. >> maria: and then go to israel by the way. back to back which was incredible. two weeks ago on this program, ian, i spoke with israeli prime minister benjamin netanyahu and he said the same thing. listen to this. >> 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. i think it's a historic moment. >> maria: is it? could this be happening? >> well look there's no question that if you are one of the gulf states, you don't have big problems with israel today the way you used to. it's not your priority. you're most concerned about iran and the rise of terrorism in your own backyard. israel, palestine is a long long forgotten priority and so they're willing to talk to the israelis behind the scenes much more than before. benjamin netanyahu feels like he's in a comfortable position. >> maria: real quick can the saudis get this done? he's facing pushback. >> it was so interesting the most important takeaway from your interview is the fact the crown prince recognizes his country as it is right now is not sustainable and we all want him to succeed. the ambition is kind of staggering and breath taking, some of the stuff is great and
very long overdue but let's be clear. saudi's society is really conservative and the support that exists internationally for the crown prince is a little more consistent than what he has within his own country. >> maria: let me ask you about asia. president trump is expected to go on his far east trip a week from today, i guess next saturday. he's going to japan, china, southeast asia. he did $400 billion in deals with the mid east when he came back from saudi and that area. will he do deals in china what's most important? >> this will be the most important foreign trip of his presidency to date. not only because it's a meeting but also because he's heading into asia with a real crisis, which is the north korea issue so number one, everyone wants to know what kim jong-un does or doesn't do while trump is there. is he going to test a weapon, is
he going to icbm, test a bomb and how do the americans react to that was the number one thing >> maria: good point, wow. >> we can really see escalation as a consequence of that and number two is how much time is trump going to give china to get something done on north korea before the u.s. starts moving on u.s. china trade. by far the most important issue for your viewers, so i think that this is a really big one. i just came back from tokyo. his relationship is awesome and certainly that at the beginning of the trip is going to go very well. the rest of this will be a lot harder to orchestrate. >> maria: do we have a policy with china, away from north korea or is this basically our policy is what are you doing to reign in north korea? >> our policy from china from day one if you remember a year ago people thought there was trade war between the u.s. and china. when trump was willing to take the call, when he's president all of that. then, with the visit things got much better but they got better
predicated not between the two men but predicated there was going to be some support from china on resolving the north korea issue and i'll tell you know one believes that either the chinese can reign in the north koreans or that they are willing to push the north korean s hard, cutoff all their energy. >> maria: i mean come on. >> but nobody thinks that the chinese are going to cutoff all their energy potentially risking escalation or even fragmenting the north korean regime so it's a question of time. this won't last for four years. at some point the chinese will be seen by the trump administration as having failed on this issue and then we have a problem with it. >> maria: we'll be watching that ian great to get your insight as always. the house intelligence committee meanwhile following the money trail and the russia investigation. will questions over russia come back to haunt the democrats as we look ahead on sunday morning futures we'll tackle that with our panel stay with us .
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>> maria: welcome back okay the house intelligence committee reaching a deal with fusion gps. that's their research firm behind the trump dossier. to see the company's bank records it comes amid revelations that fusion was first paid to conduct research during the 2016 election on then candidate trump by the conservative washington free bacon and then it was paid by hillary clinton's campaign and the democratic national committee. want to bring in our panel on that kaitlyn hugh burns is national political reporter for real clear politics, ed rollins former white house advisor to president ronald reagan and fox news contributor pleasure to see you both thank you so much for joining us so is the whole russia thing turning on the democrats? explain what's going on right now ed? >> ed: clearly up until this point in time it's all about trump and trump's people and now clearly we're finding out this fusion which is a opposition research company and former reporters was being paid by the democrats and by the dnc and by
the clinton campaign who also denied any knowledge of it, at the end of the day, four things will happen this week that have big consequences one is who gets indicted tomorrow in the trump world and the second is who is the lobby its in washington who worked with the fbi under confidential informant in all this stuff and that's supposed to be disclosed this week and then the fusion bank records who did pay them and what have you it's the third thing. the fourth thing obviously is the budget bill which-- >> maria: oh, right and then there's that. >> ed: and then the new fed chairman, so-- >> maria: big week. >> ed: this is a rollercoaster week which is what last week as and obviously you've had one with your three major interview the president, interview the prince, or the prime minister of israel just as a side bar. >> maria: it's been an incredible few weeks for me. >> ed: good time to contract negotiate. >> maria: [laughter] listen in terms of this russia probe
though let's get to it. you've got an indictment coming tomorrow but the fact is theres all this other collusion that has occurred. i mean and this dossier, why do we call it a dossier anyway? is that just a fancy way of calling a document garbage? was it all made up? >> well there are arguments to be made some of it well other elements could have been it hasn't been completely disproven i think republicans have lacked a counternarrative this whole time to the allegations surround ing trump and russia, and so you're seeing house intelligence committee, you're seeing republicans say we've had majority in congress for a while now. why are we not being more proactive in going after this so i think among the republican party base this is a way for them to have a counternarrative. i do think, however, though that with this indictment coming down tomorrow and again, we don't know who it is. >> maria: we don't know who it is. >> and we don't know what the
charges are. i think that that issue is going to take center stage at a time republicans really can't afford it, because they have this tax bill coming out this week, the president as you just mentioned is going preparing to go abroad after really key important trip and this is hanging over and it just points to the idea that who knows what's coming next and it's kind of this living in fear of things just dropping down. >> one thing that needs to be made clear with comey with the fbi director had his meeting with the president and basically presented this document to the 17 memos they're all put together. normally opposition research is press clippings, bank loans that kind of stuff. it's not cellacio. u.s. information. in this document there was information unfounded or un proven. for him to walk in and say mr. president i think you should know this was pretty outrageous because if i was the president sitting there saying is this your document or whose is this in your first meeting and equally as important to turn
down he made that same presentation to president obama. president obama's team got very active in looking at everything after this and i think what you'll really find out that all of the stuff gets started by these documents that were not basically tested out and certainly the into b i basically will get a black eye if they didn't do that. >> maria: that's the question i asked before. did any reasoning to actually wiretap trump tower come from what was in the dossier? because if so, it's based on fabrication. >> ed: we don't know what started all of this. we don't know what went to the court that basically gave them the authorization to move forward. we don't know what the catalyst for all this was. my assumption was this document had a big role in all that and if it did, then i think the fbi failed on its mission. >> maria: big big big development if that's the case. let's take a break and we'll go back to the agenda. will all this impact the tax package we're all waiting to see on wednesday? more with the panel as we look ahead on sunday morning futures right after this. stay with this is what it's all about, jamie --
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>> maria: welcome back we're back with our panel caitlyn burns and ed rollins former white house advisor to president ronald reagan and fox news contributor, robert mueller fights with corker and mccain and jeff flake. does this get in the way of the agenda in passing tax reform ed rollins? >> ed: no question it does. this is a week like we've not seen in a while. i think there's so many distractions and by the end of the week, you can't predict today what's going to happen at the end of the week. it's just a crazy week and to a certain extent to try and put forth a tax plan nobody knows the details of it's very distracted. >> maria: what do you think? >> i think it's a really important point there's not a bill yet this week. we are supposed to get actual legislation but the budget vote was very revealing. 20 republicans voted against it which shows they have so little
margin for error in the house, let alone the senate and we were talking about earlier, the senate is really going to be the difficulty here and you talk to republicans and they're concerned a little bit about this relationship because they want to be able to present a unite front, because this tax bill is going to be a proxy for showing that they can govern bypassing legislation. >> maria: if these 20 or so republicans get together and say we're not voting yes on this tax bill because of the elimination of the state and local deduction , they've got a problem >> exactly and a couple of them are very top supporter of the president. lee golden for example, from new york voted against this budget. >> maria: peter king. >> exactly. >> ed: this is also the easy vote and the budget resolution 18 members already voted against the own house resolution. this is not the tax bill. this is not the detail of the tax bill. this is not, no one knows what's in a budget resolution but they will know what's in a tax bill and if all of a sudden you basically voted for eliminating state and local taxes and you
live in new york or california, new jersey or somewhere else your constituents remember. >> and the lobbying effort has not really begun in earnest right? that's going to be the really big key here too is you have all of the stakeholders involved, much more than healthcare i think. >> maria: so do you think they get it done? >> ed: i don't think they get it done this year. i do think they can get it through the house and i think they're foolish to try and make it a deadline by the end of the year at christmas. i think you need to basically try and the president has to sell this into the country and that's not been done yet. >> maria: what's next? big week this week. >> exactly. you'll have the legislation come out this week which will really be key because as we know the devil will be in the details and there will be a lot of different groups coming out talking about these details. >> maria: that's when the lobbying begins. >> that's when it really begins and it really depends on what the president is doing this week , right? that's why i say the mueller investigation has the potential to overshadow any goodwill they want to have in the house and senate. also preparing for this overseas
>> lou: good evening, everybody. we are coming to you from the swamp, washington d.c. and i can tell you we come here rarely and only for the most important of reasons and that is to speak today with president trump. president trump promised voters to drain the swamp, but he's finding the swamp fill would with creatures that are more cunning and elusive and more dangerous than he expected when he was campaigning for the job he how holes. washington d.c., corruption of all kinds is high on the