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tv   Your World With Neil Cavuto  FOX News  February 9, 2017 1:00pm-2:01pm PST

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the dow is having another great day. the highest close in the history of the dow jones. there's that. a good day to peek at the 401(k). george clooney and his wife we have learned in the last hour having twins. so send them a dominoes certificate. >> neil: all right. thank you, shepard. we're looking at wall street and record territory. not only the dow but the s&p 500, the nasdaq. a lot inspired by what was going on inside the white house today. not the controversial stuff. i want to focus on the good stuff, the stuff that wall street likes. money. this is not about red or blue. this is about green and the prospects that they'll get their treasured tax cuts. no matter how you feel on this subject, this is what guides this market and it is what has guided it ever since donald trump was elected president. these guys are, again, about money, making money. and netting more money and maybe by extension you netting more money in your paycheck. growing indications today from a
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variety of fronts that those tax cuts that were looking dicey are on. they could be big. and they could be sweeping. in fact, historically sweeping. so wall street loved that news. later on in this broadcast, we'll talk to the guy who is the central orchestrater of that, the man that runs the house ways and monies committee. he will be here to outline what is on tap and what he's thinking up. meantime, the fox business network in new york city on what exactly got this all moving today. >> it is the tax talk, neil. there's no doubt that's thei i h issue that brings new york and washington together. we see movement when there's talk. the movement was higher. in record highs after comments made by the president and his press secretary. watch. >> we're going to be announcing
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something i'd say the next two or three weeks that will be be nominal in terms of taxes. >> it's been since 1986 that something like the has happened. it's the first time that this nation has seen a full comprehensive tax reform in a long, long time. >> those remarks from sean spicer in response to a briefing room question. they're very important. when the president made his comments earlier in the day, the question was just he talking about corporate taxes bringing the rate from 25 to 15% or was he talking about individual taxes going lower? spicer used the world "comprehensive." in addition to what you just heard, the reference to the reagan era tax cuts of the 80s. that seemed to answer that question for the time being. to be sure, we're a long way away from having a tax reform package passed in the white house. the white house took a big step in wall street's mind in talking
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about it and talking about delivering the plan over the next few weeks. in talking to investors over the past few weeks, they had thought even that part of the process would be dragged out a lot longer. neil, back to you. >> neil: thanks, connell. as he pointed out, you can almost time this to the exact tick and moment when the tape got out of president trump talking about tax relief coming. the markets took off. this is something they have been wanted and planning on. so the closer things look for that, they went up. if it's dicey or problematic, they run down or stall. whether this is the case of getting head of themselves, any one's guess. let's go to gerri willis. let's get sort of the landscape here from you, gerri. they seem to be thinking big, they're back on. that should alleviate some concerns that some have had. what they don't know is how historic. when we hear "big" and
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"comprehensive" they're high water marks. >> they are. keep in mind the last time we had comprehensive tax reform in 2014, it died the same day. the david camp proposal. here's what we're maybe talking about. here's the commonalities with the trump program and the republicans program. it would be tax reform for corporations. dropping the tax rate to probably 20% from 35%. individual tax rates would go down as well. not only that, reduce the number of tax brackets from seven to three. the highest at 33%. different from today when it's almost 40%. so big questions about whether the death tax would go away. possibly it would. alternative minimum tax might go away. we don't yet know about the border adjustment tax. what might happen to that. that remains a big question. something republicans are committed to. >> neil: all right.
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hadley, one of the things that comes up is whether they can be afford to be reaganesque. at that time we didn't have the deficits or debt that we have now. the thinking seems to be that they're going to roll the dice here and that it might not be necessarily the kind of thing paid for up front. what do you make of that? >> well, over the course of the past several years, so many american families have had to live within means that have been limited because their wages haven't been increasing. we need to ask washington to live within their means. the problem with washington is spending. they're look for better growth and more jobs and higher wages and washington will take a tough look at spending. >> neil: when we look at this here, the idea is people have to see it in their paychecks and -- to act on it and for them to see
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it in their paychecks, it has to be meaningfully enough that they will go out and buy or save or whatever. what do you think of that? >> i do agree. that's generally the idea. the democrats, when they think of tax cuts, it's middle class tax cuts. gave tax credit to single working families a few hundred dollars. i think that small business tax cuts should be in mind. something that democrats have championed. >> neil: so you think democrats will go along with this or this will be divided along party lines? >> it depends on trump's proposal. all of the proposals i've seen have been around big corporations and tax cuts there. that's reaganesque to your point. so if it's focused on that, that's not something that they're in favor of. if it's a broader tax cut, you know, lower basis in the u.s.,
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small businesses, working class families can benefit from, probably a lot more room for conversation, absolutely. >> neil: bring you up to date. a big market advance today for the major averages. all be in record territory. optimism that tax cuts are coming and will be comprehensive. the devil is in the details, as i said. that man at the bottom could be providing them for us. the house ways and means boss, kevin brady of the state of texas. he will be crucial in this debate. all the tax action starts in the house and more to the point in his committee. he will be here around only here to outline what they are working on and how soon they hope to work on it. meantime, mother nature because while those bye orders were piling up somewhere, the snowflakes across much of the northeast, we've got you covered right now with that. brian is at j.f.k. we talked to molly line in
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plymouth, mississippi. want to begin with brian at the airport. it was all but shut down i guess, right? >> that's right, neil. when airports and weather mix here in the northeast, it affects everybody nationwide. we're talking about 4,000 flight cancellations nationwide with winter's first big storm up here. nearly 700 flights cancelled here at john f. kennedy international. there was a full grounds stop here from 11:00 a.m. to 3:00 p.m. today just about. now they're starting to let flights into j.f.k., international flights is what we're seeing right now. most of the flights were from jet blue, delta and american. this is a live radar over the new york city area. not many flights at all. all three major airports, la guardia, j.f.k. has been affected by this. and newark has been accepting flights in. boston, logan dealing with major cancellations as well. look at this. this is a misery map aptally
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named by flightaware.com. new york city is the worst place in the country right now to be flying to and from. flight delays out of j.f.k. about five hours. washington dulles, about 1 1/2 hours. the good news, many airlines cancelled flights before today in anticipation which means we can expect a busy weekend with many people that have booked their flights for saturday and sunday. so make sure you plan accordingly and call your airline. also good news, many of these airlines have waived fees to help people change their flights. neil? >> neil: that's good news. thanks, bryan. let's go to molly line. they're still deep in this stuff and will be another few hours, right? >> absolutely. this is the brunt of the storm. we have an ambulance here in
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plymouth. one of the big problems we're dealing with is not just the snow but the wind. we're expecting 12 to 18 inches here south of the city of boston. by the time it's said and done with winds gusting up to 50 miles an hour. a lot of power outages. things are being hit from the top of the cape to the bottom of the tape where provincetown is recording outages. take a look at main street. this blast of winter white. the white-out conditions. they're so concerned and asking people to stay off the roads, to stay off of the roads and prevent the accidents. we'll keep the first responders from having to get out there and rescue people. this is expected to be the biggest storm in two years. this is really what they're looking at. the deep snow as well as the high w creating the problems. neil? >> neil: molly line out in massachusetts where it's not over just yesterday. all right. we have more, first of all on
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what's going on with the tax cut and what it could mean to you. kevin brady here on that. also keeping a very close eye on day one for jeff sessions as the attorney general of the united states. he will be key in so many of these battles after this.
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>> neil: any minute, any hour, any time, we're told on the day jeff sessions was formally sworn in as the next attorney general of the us. the three-judge panel's ruling could come momentarily, how they feel about the president and what he's doing to vet those coming in the country. some say ban them outright. the read on that coming right
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now. kevin? >> yesterday jeff sessions said she was against a muslim ban as a religious group. he said he would stand up to the president if he tried to do something unlawful or constitutional. jeff sessions is the guy that help put together and craft president trump's extreme vetting policy, which they're working on and now may try to implement. speaking of that, everybody is talking about, well, this could go to the supreme court. remember, the current executive order is only temperature. 90 to 120 days. the president could extend the vetting policy. that would allow him to revoke the order and all of the lawsuits would be dismissed. >> neil: let's say this gets pushed up to the supreme court eventually. i'm sure the expectation is that neil gorsuch is sitting on that court. what if he isn't? it's a 4-4 tie.
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>> yes, but it takes time in order for there to be a hearing. it would have to be granted and there has to be some consideration of that. you have to assign a date for the hearing. that sometimes takes weeks or months. you have the decision making itself. looking the order will have expired by the time that takes place. if there's no case in controversy a lawyers say, the supreme court won't render a decision. they may not even take the case because of that because there's nothing for them to resolve. >> if you don't mind my switching gears on the near gorsuch situation. he's getting an unusual amount of positive democratic backing after the president's remark about demoralizing of the so-called judge.
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the dust-up on that not withstanding, isn't the story here that that will engender more democratic support and that this whole nuclear option then becomes a moot point? >> it was wise for neil gorsuch to say that he was demoralized discouraged. obvious he will say that. judges need to be criticized. sometimes they get so used to being elevated on a bench, they are above criticism and they're not. >> neil: it happened apparently in a senator's office and much has been made of the fact of what goes on there shouldn't be repeated elsewhere. it got outside and other people have confirmed the remarks and caused the dust-up with the white house, disavowing those remarks. i can't keep up with that. what i am wondering is whether in a weird sense, it helps the case for gorsuch in getting more
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democrats to approve him. >> it does. it shows his independent judgment. he's not going to be carrying water for the president. and you know, look, it's risky to read too much for words that he offers for the senator. look, anybody that knows this guy says he has a keen legal mind. he's strictly adheres to the law. he won't be influenced by anybody. the least of which is probably the guy that appointed him, the president of the united states. that is something that you're right, that democrats will want. i bet that a nuclear option won't be necessary here in large part because i think democrats want to preserve the filibuster. so i don't think they want to give that up quite yet. >> yes. maybe save the battle for the next pick. gregg jarrett, thanks. >> neil: in the middle of this,
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>> him directing his department of justice to implement to stop crime and crimes of violence against law enforcement officers. it's a shame what has been happening to our great, truly great law enforcement offices. that will stop as of today. >> neil: there were many on the left that seized open this today to say that the president has not spoken out for those that
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have ben attacked by police. and that this is getting it backwards. i don't think my next guest will agree with that. he's james craig. he's the detroit police chief. >> hi, neil. >> neil: what did you make of that reaction from some on the left that this was tilted toward the police and not the victims of police, you say? >> you know, sadly i'm not surprised. i wish i could say -- that's been the problem. when you talk about the anti-police rhetoric and you talk about the issues we've seen the last couple years here in america involving law enforcement officers, law enforcement has been painted with a broad brush. one bad incident or one incident is not a bad incident. law enforcement is corrupt, they're violent and they're attacking the community. it is so unfortunate that that's the kind of response. where is the outcry?
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you know, neil, i had two a officers murdered in the last quarter of last year. certainly the detroit community stepped up and certainly gave a lot of support. but we need more. police officers shouldn't go to work wondering whether or not they're going to make it home. there's a problem. so the highest level of leadership needs to step up. certainly i have a chance to listen to president trump at major city chiefs yesterday. he visited with us. he certainly gave his support to law enforcement that the madness will stop. this is about creating safe cities and neighborhoods. >> neil: what will it mean -- the details of this executive order escape me. i know jeff sessions is with him and will have a 180-degree opposite sort of pursuit than his predecessors in the obama
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administration. what do you envision him doing? there is sadly, you know, an incident and always happen, as you know. we have an opportunity and a choice to either make a national federal case of it or to localize it and look at it there. what do you envision? >> what i think -- the shift needs to happen. we need to focus on hiring the right police leaders and the various cities. it's like any company. if a company is failing, you get rid of the ceo. in this case you put the right police chief and the right executive in the seat to do the job the way it needs to be done. many departments have civilian oversight anyway. >> neil: how does this work in detroit? you deal with men and women. it's police on african american youths or african americans, period, or just, you know, law
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enforcement running amuck. that is the rap you get in the media. not all media, i should stress. what do you tell your guys? >> first of all, detroit police department is considered a constitutional police department. we've gone in and provided the necessary leadership. what is so critical, when you talk about the support of the men and women that do the job first, we have to provide unwaivering support. that doesn't translate into dismissive or dismissing errant behavior. you hold folks accountable, police officers accountable. that's not reflective of an entire police force. when you give the support to those doing the job the way they need to do and you're transparent with the community you're serving and protecting, it's an equation that works beautifully. so i'm excited with the change. i think it's well overdue. i'm been in several cities that
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have been under consent judgments. some too long. the real key is holding police leadership accountable and providing support to the men and women that do the work. what we've seen in so many cities -- and i can name a few -- that when the morale goes down and police officers don't feel supported, certainly violent crime is not being adequately addressed. i've seen it in too many places. >> so many places indeed. james craig, thank you. detroit police chief. very good having you again. thanks. >> always a pleasure. >> neil: more coming up, including what got markets in a buying flurry today. i'm not talking snow flurry here. just a buying wave after wave after wave. something they have wanted and we're getting worried about seems to be back on the front burner. the next guy is the chief chief, kevin brady from the house ways and means committee chief is next. at old dominion, we see freight...
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>> neil: president trump is important. but this guy on the screen is more important. kevin brady. anything tax cut related starts and actually stops with him. he's next.
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>> the legislative affairs team and the president and congress have talked. there's a large conversation
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going on to achieve bipartisan support for a package of this nature. >> neil: what sean spicer is referring to is a big one, a comprehensive one. one that can't go anywhere unless this is the guy going and doing a lot of what he's doing already. the things is kevin brady has been doing this for years, folks. things materially change with the election of donald trump. he's working behind the scenes to see if this could become a reality. looks closer and closer to becoming just that. kevin brady, the man that heads the house ways and means committee. good to have you. >> thanks for having me. >> neil: you braved the snow. >> yes. >> neil: you had no idea what you were in for. >> a little different in texas. >> neil: yeah. a little. and the markets loved the news that the tax cut that looked dicey is not so dicey.
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where are you on this? >> it's exciting. the president is going all in on the economic growth. clearly regulatory reform. the announcement that he's going to make an announcement on tax reform is critical. we've been working closely on it. >> neil: would it echo what you've been doing. >> we're going to same direction in a good way. >> neil: so you're not on different pages? >> i'm pretty positive about where this is going. for businesses that want to know, this is going to happen this year. this is really important. >> neil: all right. it is going to happen this year. you mentioned that you're kind of on the same page, i'm paraphrasing here. but does that mean corporate tax reform, individual rate changes are done together? >> that's my strong preference. there's growth in both. there's growth in both in a
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major way. in a simplification, leap frog back to the leap pack in the world, the best place on the planet for new jobs and investment. so the president will make his announcement. i'm hopeful we move those together. we're having a lot of discussions on timing and sequence. >> neil: but it's fair to say corporate and the individual rates are done concurrently? >> i'm sure home so. that is the best way to go. >> neil: and the president is of that mindset? >> he's looking at it all. >> neil: a very good answer. >> i'm not stepping in front of this president. >> neil: you said and well worth pointing out, all these you've been working on this with your colleagues, everything changed in november when donald trump was elected because then it looked doable, right? >> it is. we worked five years in the ways and means committee under paul ryan to be ready. last year when speaker ryan pushed hours republicans to have
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our solutions ready for when that window opens and on november 9th, the window didn't open. the voters threw a chair through it. now we have the opportunity to change the way we tax like we haven't had in a generation. >> neil: with has been talked about, whether you can get enough democratic support. one of the enticements we were told is that a infrastructure measure may be significant one, trillion dollar measure, would be rolled in to this same thing. would it? >> possibly. i would love to get democrat support on this. they're seeing the same struggling economy we are. those companies are leaving from their communities. college grads can't find jobs. they know there's a problem. they're in a bad place as a party and congress certainly. some of the members get tax reform in a big way. i don't know if at the end of the day they engage. we hope they do. we've invited them. if not, we'll have to move
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forward this year in the most pro growth -- >> neil: with or without them. you're doing this with or without them. >> we have to. >> neil: the president would have -- i don't know if this is true, sir, but to entice them, he would need a infrastructure plan. you're not necessarily of that mind. >> i want to bring them to the table. i know there's discussions on infrastructure. there's real interest there. i worry about using the tax revenues from tax reform, which we plowed back into being more competitive, lower rates. that discussion will happen. i know the direction we're going on this. infrastructure is important to the economy. certainly important to the president. >> neil: the other question comes up, will the tax cuts be paid for. >> yes. we designed our -- let's talk about the ways and means. the approach was to go bold, leap frog america back into the lead back.
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do it in a way that balanced within the budget, counting on economic growth. >> neil: dramatic -- >> real life in our grew, the joint committee on taxation. >> neil: and they're counting on revenue that might not come. in you say -- >> it's a reasonable analysis of the economy. there's no question with this bold tax cuts and the redesign, our economy will grow. the tax foundation estimates a 9% growth in the economy. 8% growth in wages, which is another big goal -- >> neil: 9% growth over when? >> a decade. 8% growth in wages over where they will be. the key thing with the reagan reforms, to lift the economy quickly, get to a higher altitude as an economy. so we designed this to create growth early on as well.
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>> neil: all right. stephen should be sworn in one day as treasury secretary. i talked about the fact that everybody gets a tax cut but might not appear the same for everyone. the rich, for example, would see taxes go down, but their deductions limited so it's an even see -- steven for them. are you of that mindset? >> if we simplify the code, we simplified the cold for everybody. you get back to -- everyone knows what each's deductions are. they're the same. >> neil: will the rich see a net tax deduction? >> depends. we're going bold on the rate cut. >> neil: are you of the chairman as the house ways and committee going to try to offset limits on deductions? >> we're focused on how simple we can make the tax code.
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so that's our primary -- the middle class and working class rate cuts are going to be significant. >> neil: so let's talk about what is significant. i don't know how much you can divulge here. we have seven rates now. >> yeah. >> neil: you want to knock them down to three. >> yes. >> neil: can you elaborate? >> president reagan, when he did his reforms, there were 14 to 15 brackets. he cut them dramatically. today we still have seven. tomorrow. lower them to three. lower the rates at each level. the top rate won't be nearly -- well, 44% in real life. >> neil: when you talk about the surcharges for obamacare. >> and that affects small business as well. 33 the top level because should the government actually take more than a third of -- >> neil: so 33 is the top level. the middle rate -- >> 25 is the middle rate. 12 is the next. >> neil: all right. the senate -- what i heard out of the senate, they had different numbers. some slightly higher than that.
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what is fixed? >> i think flattening out the bracket is critical. lowering the rates is critical. another step we take. we protect more of the first dollars that families earn. we increase the standard deduction. that's important to young families getting started. families retiring. we take one other step that i think may be the most pro growth secret in this proposal, which is after we have lowered the rates and flattened the brackets and protected the first dollars, for the money you earned from savings investment, we cut the rate in half again. one, we're not a nation of savers. we should be. secondly, understand the out it's incredibly pro growth in the local communities. that's -- we're going all in for growth. >> neil: you're talking like a big cut in tax rates, 20% for corporations. >> yes. >> neil: immediately those on the left come out and say, how are you going to pay for that? the government almost assuredly
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will be running up bigger deficits in the early years. you say what? >> there's only one way to do this and balancing the budget. all those hundreds of specials provisions and loop holes and exceptions for a few have to go away. so we can lower the rates for everybody. it's a mathematical -- you cannot keep all of these -- >> neil: how would you offset it on any spending though? would you look at commensurate spending cuts? >> that's spending through the tax code. >> neil: so everything is done through the tax code. >> yes. those are eliminated. so everyone can get a lower tax rate. the only way we can make this work and be fiscally responsible. >> neil: all right. but there's a possibility deficits get worse before they get better. >> possibly, but not necessarily. because a lot of the growth is front-ended. >> neil: so let me ask you another issue. this idea of a border tax. some call it, you know, import
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tax. i don't know what the accurate jargon is. it would -- it's very popular among many of your colleagues. do you like it? >> i do, but the point has been lost. actually, all of this goes to a key issue, which is our competitors. china, europe, mexico, they're beating us with lower rates. they don't tax worldwide. we double tax worldwide and they border adjust their tax. they takes their taxes off of products coming to the u.s. and slap one on ours. we're about the only country that doesn't do that. so today, a foreign product has a tax advantage over made in america products here and overseas. so what we're saying is, let's do away with that international tax code and have a simple test. if your product or service is consumed in the u.s., it's taxed at an equal rate. low 20% business rate. doesn't matter where it was produced, if it's u.s. or foreign company, for the first
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time, it's equal taxation. that has huge benefits. one, we finally get true competition. always good for the consumers. >> neil: do you know if the president is on board with that? >> he's had a couple different approaches. the latest is equal taxation. a huge benefit to this as well that most people i think will welcome, which is by doing this, we eliminate every tax incentive to move your u.s. jobs and headquarters overseas. just the opposite. we really re-establish us that magnet for new business investment. that's our goal. >> neil: so you hear the president is on board with doing a lot of the blueprint things you look at. would such a tax be retroactive to january 1? >> we want the most growth. if we move quickly, it will make sense to go retroactive. if it's toward the end of the year, we'll have to take a look at that. we want the growth to occur. i think the most exciting news is you've got a president
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willing to lead on tax reform. we have waited 30 years, frankly, to be in this position. >> neil: and a guy in the house that's been doing it for years. >> it's exciting. >> neil: kevin, thanks very much. big news there. you know why the markets are so excited. more after this.
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>> neil: it's fair to say that corporate and the individual rates are done concurrently? >> i sure hope so. that is the best way to go. >> neil: and the president is of that mindset? >> he's looking at it all. >> neil: a very good answer. >> i'm not stepping in front of this president. >> neil: a guy central to getting the tax cuts as the trump administration wants to see reality. craig smith with swiss america trading corporation. what he makes of kevin brady saying the cuts are on, they could be retroactive. nothing is stopping them. what do you think? >> neil, that was a great
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interview. you asked the right questions. i like how he said he didn't want to get in front of president trump. but i have to tell you, i've never been more encouraged of an interview. you have the same mindset. you have the man, chairman brady, that will work with this president to bring forth what we just heard. i'm convinced chairman brady listens to your program, neil. six, eight months ago, you and i talked about it. can you imagine if you went from the 35% tax rates we have around -- in america, the highest in the world and brought them down to 15 or 20%, every major corporation in the world will want to move here. >> neil: we're talking the top rate from going 40% to 33. the top rate is higher than that because of obamacare. 33, 25, 12. all rates slashed. now, you know, they can go back and forth with the senate, what have you. how doable is this? even with republicans sort of having a run of the table.
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>> it's very doable. you almost guarantee yourself that the warren sanders wing of the socialist people of the democratic party are going to come out and say, this is tax cuts for the rich. this is trickle down -- there's no such thing as trickle down economics. that's a phrase from the democrats. it's called supply side economics. ask john f. kennedy if it worked, neil. he had an average of 5.5% gdp of his years in the office. ask ronald reagan if supply side economics worked. created 18 million jobs and 3.8% average growth in the terms. many higher than that. >> neil: how do you think wall street responds to this? >> look how they responded. look at the market today. more importantly, yesterday, what an incredible video, neil. you saw president trump in the oval office with the head of intel with his desk stacked with papers talking about intel
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spending $7 billion, creating 3,000 high paying high tech jobs in chandler, arizona. 10,000 support jobs. why? he knows he's not going to have to deal with the president that said you didn't build that. he's going to be dealing with a president that says how do i help you build it and make it greater and better? get our gdp back, neil and make us the great nation that we are because of free market capitolism. >> neil: craig smith, thanks very much. to his point, stocks were off to the races on indications that -- they seem to be on the same page, but we're not done with this chapter. charlie gasp parino is next.
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>> neil: the other questions, will the tax cuts be paid for? >> yes. we designed -- let's talk about
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the ways and means approach. the approach we took is to go bold. leap frog america back into the lead back but do it in the way that balances the budget and counting on economic growth. >> neil: so real life -- >> real life accounting. >> neil: he's the most important man in this tax debate in washington right now. some say arguably compared to president trump who supports what he's doing. kevin brady promising big tax cuts, possibly retro active, taking seven rates and slicing them to three. from as high as 44% to 30% when you include obamacare related taxes and the corporate rate slashes it in half to 20%. charlie gasparino, if he and republicans do all of that, then whoa! a big question is how doable and
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how soon. >> if they do that, probably the biggest tax cut since the reagan years, which redefined the tax code in many different ways. i'm sure what he also would like, representative brady would like, some degree of tax reform closing loop holes as well. i think that's what he means by paying for itself. here's where it's tricky. this is where the devil is in the details. we have to see exactly what comes out. president trump has a lot of spending priorities. wants a wall, massive infrastructure spending. there's a limit to how many taxes and reality can get through, the senate can get through without bursting the budget. before the tax cuts can kick in, there's a lag. we'll have a budget deficit. >> neil: he seems to acknowledge it could be awhile. and limiting the deductions on guys like you. but i'm wondering, he seemed the
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notion that tie it with a big infrastructure plan, whether donald trump wants to do that or not, because it's not integral to this. >> i know a lot of republicans in congress would like not to do the infrastructure thing. they think that is obamanomics. it failed and they don't like big spending programs. infrastructure spending has been done by president obama, president bush. didn't help the economy that much. so if you bifurcate it, do the tax cuts, do that first and then the infrastructure, guess what? the infrastructure thing might not happen or might get scaled back or something along the lines of what scott brown mentioned yesterday about repatrioting the corporate money. >> neil: thanks, charlie. for those that weren't able to
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catch that interview, it will be on our website. it's consequential in this period of hurling insults and nasty personality conflicts. this is big. this is what you're netting. this is what republicans want to do. see you tomorrow. about tresiba®. ♪ tresiba® ready ♪ tresiba® is a once-daily, long-acting insulin that lasts even longer than 24 hours. i need to shave my a1c. ♪ tresiba® ready ♪ tresiba® works like my body's insulin. releases slow and steady. providing powerful a1c reduction. i'm always on call. an insulin that fits my schedule is key. ♪ tresiba® ready ♪ i can take tresiba® any time of day. so if i miss or delay a dose, i take it when i remember, as long as there's at least 8 hours between doses. once in use, it lasts 8 weeks with or without refrigeration, twice as long as the lantus® pen. (announcer) tresiba® is used to control high blood sugar in adults with diabetes. don't use tresiba® to treat diabetic ketoacidosis,
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>> hello. i am kimberly guilfoyle with bob beckel, dana perino, greg gutfeld. this is "the five" ." president trump started his day off swinging against anyone who came in his way, taking to twitter, the president lashed out on senator john mccain and richard blumenthal. here's the background. let's start with mccain. feuding over comments the arizona senator made over the military raid in yemen. he has said it's a disturbance for the white house to characterize it as a success because one of our navy seals lost his life. it prompted this

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