. -- thatident has twice .ere big for chairman brady the 401k issue, are you at all concerned about this rollout when you see the choices? i am not because we are working very closely with the white house on this. with the big six, we work very hard on the perimeter and design decisions on what goes into this. the tax writers are working on the details to make this work. we are working very closely with the white house. there will be knows the prizes from our partners in the white house. thanks a lot, everybody. appreciate it.

announcer: nancy pelosi also addressed the resolution at her weekly press briefing. sen. pelosi: good morning everyone. aally one that marks transformative moment for our country. this morning, when the republicans voted to advance the budget they put forth, they drew a line in the sand between the middle class and working very wealthy the

and corporate america in our country. it is really unfortunate, but it is an opportunity for the american people to understand more clearly what the debate is here in washington dc. on one side of that rain -- line in the sand, we have the republicans in congress who are, in their dna, committed to a mission of giving tax breaks to the wealthiest people in our country. that is the budget they put forth. cuts will go to the top 1%. also is an insult on the middle class on estate and local tax reduction's. it affects everyone. if you live in the district of columbia and you own a home, you will be negatively impacted.

,he district of columbia 137,000 people. i assume you live here, or if you live in maryland -- if you virginia, one million people are affected. district of columbia, the production is $15,000. you will no longer have that deduction. if you live in virginia, the is overreduction $11,000. if you live in maryland, the average deduction is $12,000. you will lose that deduction under this plan. it has been reported by the realtors that the value of your , it would lose 10% of the value of your home.

you can think the republicans in congress for that. they misrepresent what they are doing to middle-class. what they are doing is looting them. looting your home. ripoff of the middle class. do you know why? there are some many people in the middle class. if you take some of their money multiplied by a certain amount of people you could give a tax the disparitying in our country. at the same time, you are increasing the national debt. becauseransformative the amount of money, the trillions of dollars that increase the debt is very hard to come back from. under president obama, we came back. under president clinton, we came back from the deficit that

existed. his last budgets were either in balance or in surplus. office andush left the deficit was $1.4 trillion trillion. you are talking about an inordinate amount of money. $4 billion in terms of the debtit as opposed to the that would be increased by trillions of dollars. then we go to president obama who reverses that, and now we come to president trump. -- the piepie crust chart. who pays? the middle class. it is a they are saying middle-class tax cut is not

true. it is wrong. when the come forth with their tax bill, we will see more clearly. what the republicans did today an open past to this assault, shake off, shakedown, a looting of the middle class. arnold torn be wrote about history assimilation nations -- of civilizations. in one of his presentations, he talked about societies and governments that were creative leadership, where people could thrive and succeed versus in situations where they were there for the rich and powerful. that is not a good thing for a country. the republicans

are taking us down. we want to do tax reform. we want to do it in a way that , thatr, that has fairness has simplification, that has growth, that reduces the deficit, create good paying jobs and keeps america number one. instead, we have a budget put forth that does not do that. it isisrepresent that good for the middle class, which it is not. hopefully, when the tax bill comes up, the public will be aware of what to look for in it. know how they pay the price for wealth fromnsfer of the middle class to high income, 1%, as the wealthy corporations in our country. it is stunning, it is really startling.

it is a massive con. ifwant to make sure that they engage in this, the american people know how it affects them. this is not about politics. this is about the american people and how policy affects them. tabled, let's go to the to create growth, good paying the deficit and keep number one and reduce taxes on the middle class. that is probably about all i will have to say a must to have questions. i am so proud of our governor. he wrote to say how bad this would be. not only do you take away the deduction from individual filers, but you keep it for corporations in this bill.

individual filers, if you have homes that you have taken deductions and local taxes, you lose that to corporations. they keep it. whose side are they on? it is a moment of definition. it is a moment of definition. we will not allow them to misrepresent the facts on this tax bill to the american people. heartbreaking, because we could have come together to do something in a bipartisan way that could have been sustainable. we cannot do tax reform without bipartisanship and sustainability. so they can act upon their personal and professional decisions. i will take any questions. >> given what you have seen of

the framework, if republicans stay on the current track they are on, is your primary goal to see if failure at this point? sen. pelosi: we are here for the american people. we do not want that impact to be on the american people. the problem with the tax bill is not just the harm it does directly to the state and local tax deduction, that is just one example. also, because they take us so deeply into debt, the opportunity for our budget to invest in education -- it will necessitate trillions of dollars being cut out of medicaid. i have to trillion dollars coming out of medicare. it will have a cost to education. health andut the well-being of our families and the future of our country in terms of education being essential.

education, any money spent on education -- nothing brings more money to the treasury than investing in education. that is a fact. they undermine that opportunity for investment. they are increasing the deficit, not saving money. we would hope -- i think that a , what these members walk the plank for is something they will have to answer for back home. i think the ability to have leverage would have been to theat this and go to speaker to say we want something different. they have enhanced and given leverage to the exploiters. question on immigration and

your negotiating stance between now and december. the speaker said he had told some of his colleagues about some solution to daca and conversations are continuing. what is your updated sense of where that issue stands and what your potential reference points are going into that? realizeosi: i did not the speaker backed off of that statement because people were taking comfort that something would happen before the end of the year. let me say something about our dreamers. they are a blessing to our country. the last two days i have had six meetings related to dreamers. do me a favor, thank your parents for bringing you here because you are such an inspiration to our country. they are so great. the american people recognize

that. over 80% want them to stay. high numbers want them to stay on a path to citizenship. tosident trump is inclined be supportive. i take him at his word. the american people support the dreamers, not because we were so persuasive, but the american people support the dreamers. i am optimistic that we will celebrate, hopefully sell it -- thanksgiving, maybe christmas. potentially withholding support for a bill? sen. pelosi: i said we are going to pass the dream act. our caucus is overwhelmingly supportive of dreamers. i believe if the speaker brought a bill to the floor it would pass overwhelmingly. many of our republican

colleagues support the dreamers. it is getting a vote. i would hope that the speaker would give us a vote one way or the other. we think we have them. can you comment on the president decision -- sen. pelosi: show me the money. what is the point? we passed a bill about opioids on this or that. medicaid, which is major funder of how we address opioids. as the governor of ohio pointed out, thank god for medicaid. it would also cut the funding for a substance abuse and mental

health agency that is there to address these needs. declaring an emergency means he can have access to funds, but the funds are $58,000. show me the money. ok, we all agree, we passed the 21st century cures act last year, we all agree that this is a place we have to go. i had the speaker write me a letter that we would continue to have the funding in the appropriations bill. but the president's statement or words without the money, so we'd like to see -- because this is -- and the thing about the opioid epidemic is in every district in the country, it's not like you can say, well, it's people in a certain area where it's warmer or colder or wherever.

it's all over the country. so hopefully the concerns of our colleagues will be manifested in the allocation of the resources. you have to have the resources. reporter: on the kennedy documents, we're still awaiting the national archives' release of those. but you read the warren commission years ago. did you have some nagging questions and what do you think the significance of this release will be? ms. pelosi: i have no idea. until we see what will be released. it was a sad, terrible tragedy in our country. yes, i did read the warren commission, because obviously as many people at that time, we were so stricken by the president's assassination. and that was a positive moment in our history. it made change because he was such an inspiration to so many of us. but i can't speak to something i haven't seen. so i look forward to seeing the -- reporter: does anything still matter 50 years later? will it put it to rest or generate more -- ms. pelosi: depends on what it says. i've heard different accounts where people have said, it's only going to contribute to conspiracy theories.

i don't know. when is it, today? reporter: we aren't sure. they haven't told us a hard schedule. ms. pelosi: i'm sure many people will be very interested to see. what a tragedy. reporter: on the budget, what is the status of talks with republicans in the white house on a deal to raise discretionary caps? and when will appropriators have real defense and nondefense discretionary levels in law for fiscal -- ms. pelosi: hopefully soon. hopefully soon. we have some discussions that are going on, the house and senate, democrats, republicans and the white house. as to when that will happen and it has to happen soon. we are insisting on parity. if they're going to lift the caps on the events side, we need the caps on the domestic discretionary side as well. reporter: what does the white house say to that?

ms. pelosi: really, i'm not going to go into those conversations. we're on a path and i'm optimistic that it has to happen soon so that we can have it done by the end of the continuing resolution. which is what the first or second weekend of december. they changed the date. i don't know if it's the first or second. reporter: a western issue, in the wake of the wildfires in california, congress has been hung up for years, sort of a permanent wildfire funding fix, a lot of debate about what kind of forest policy is tied to that. are you seeing any outlines of an agreement that could maybe get a solution to providing permanent funding for the forest service or prevention programs, stepping those up? ms. pelosi: i hope so. i certainly hope so. because for those of you not familiar with the issue, one of the problems is that funds will

be used instead of having mitigation to begin with in terms of how we can prevent this some of the money is spent on putting out fires, which is what we have to do. but we'd rather not have them in the first place. so just to have an overall -- i think it would be bipartisan. i don't see that as a partisan issue at all. because, well, we've seen the tragedy in our area. my colleague, mike thompson, his district was like an inferno. and he had some ideas about this. my colleague, jim costa, from southern -- from fresno area, has been on this case for a long time. so i think we can come to a place that has more anticipation, as well as resources to keep the american people safe. reporter: there's been a couple hang-ups. one has been the debate over what sort of forest policy things you attach to it.

do you allow too much logging and overriding environmental rules for those. and also as i understand the speaker's been resistant to allowing some of these large wildfire disasters to go into the fema emergency budget. ms. pelosi: well, they should certainly go into the fema budget. they are a natural disaster and there's no question that they should go into the fema budget. that will be lively -- did you see say the speaker was reluctant to do that? reporter: that's supposedly -- ms. pelosi: as i said, this is deadly serious. in terms of our country, the value we place on our natural resources, for sure, but again, the impact it has on human life, first and foremost. so i think that we should be able to come to some terms on that. i see that little but separate than money coming out of fema. that's a different fight. but on management of forest,

etc., hopefully we can find common ground. reporter: just to get back to previous topic, in terms of the discretionary cap negotiation. is your hope or expectation that by the december 8 c.r.n. that there will be an omnibus able to be voted on? or would you expect there to be some more time to work out either another c.r., to allow for an omnibus to be done, or -- ms. pelosi: i don't see why we would have to have another c.r. because we know -- as soon as we get the caps, we know what -- how the allocation will be on the appropriations committee. hopefully, that would be made known to us. sometimes they don't let us know. but hopefully that will be made known. you'll insist upon it. and then we'll go from there. but we all know that we want to measure -- we have to keep our country strong. part of that is our military

might and what we do in the defense side of it. and the other part of it is the health, education and well-being of the american people. what we do on the discretionary side of it. so i don't know, dragging it out at the end, how much -- what we're going to know that we don't already know now. so let's just get on with it and remove all doubt. if it requires -- if we reach agreement at, and sometimes there's another week tacked on just to do the legislation, that's another story. but not to just drag out the conversation because the debate is a clear one. everybody knows what it is. reporter: if you're going to have an omnibus by december 8, don't you have to have those caps agreed to and locked in a little bit earlier? ms. pelosi: pretty soon, yeah. hopefully we will. hopefully we will. reporter: on j.f.k. ms. pelosi: why don't we do somebody else and then we can come back and then that's it.

reporter: on opioids you said show me the money when it came to the president's decision to declare a national health emergency, but administration officials said this morning that they were talking to congress about allocating more money by the end of the year for that. so, where would you stand on that? where would the caucus be on that? ms. pelosi: i don't know what they mean by talking to congress. i don't know who they're -- did they say who they were talking to? our appropriators and our authorizers, really a bipartisan way. i don't see this as a partisan issue, the opioid epidemic. it's in every district. and we came together on the cures act, a big piece of opioid authorization. but still, not so much money to deal with it. so i don't -- i can't speak to what the conversations are. let me just say, i'd be last person to be able to tell you what the white house conversations are, assuming it's the republicans in congress on this. but again, if we have the caps

listed, there's more opportunity for the national institutes of health, for samhsa, for opioids. these are some of the things that could benefit from that. but i have no idea what they're talking about. i don't know if they do. reporter: would the caucus support the notion of them coming to congress to ask for more money for this? ms. pelosi: would the congress support them asking for more money? sure, of course. but they haven't. i didn't see that in the announcement. you may have had a follow-up question with them, but i didn't see that in the announcement. but again, it has to be additional. you can't say, we're going to take -- as they're trying to do on schip, on the chip. on schip. they're saying, we're going to have schip, schip is state children's health insurance program. we want to pass chip, we want to authorize chip. we want to pay for it by taking the money out of the prevention fund, which is children's health, children's inoculation, children's test for lead.

things that benefit children's health, they want to take the money from that to pay for schip. while they're giving tax breaks to the wealthiest people in our country on offset. so tax cuts for the rich, don't have to be offset, they can increase the deficit. children's health, which is -- has its own benefit to our economy, has to be paid for by other children's health. and not only that, by undermining medicare and the health of america's families. so, where would this money come from? that's really the point. are we talking additionality, are we talking about cannibalizing other areas?

reporter: just real quick on j.f.k., i'm curious, in all your years on the intelligence committee or in the briefings you get nowadays, you have ever had a c.i.a. director or f.b.i. director come to you and say they were concerned about what may be released? ms. pelosi: no. we never even talk about it. reporter: they never brought it up? ms. pelosi: we were talking about, in the beginning we were talking about force protection. we were talking about force protection, using force protection. overarching issues, money laundering, related to drug trade, things like that that have an impact on supporting some certain groups and the rest. we were concerned about fighting terrorism. we're about the here and now and into the future. i've never heard anybody come in and say, everything -- you would just never talk about it. so, we shall see. in any event, stay tuned on this because this is a moment of truth for america. we're either going down a path that says the only thing that's going come your way is what might trickle down from tax breaks for the wealthy. you are going to fund those and

not only that, we're going to borrow from the future, our children's future in may case, my children and grandchildren's future, in order to go deeply into debt, to fund more tax breaks at the high end. it's really a tragedy actually. but, it is a differentiation. and so let's hope that the american people can weigh in with the republicans to pull them back to a position of fairness, simplification, growth, creation of good paying jobs, reduction of the deficit. thank you. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> the 2018 budget resolution passed the house to 16-to 12, with the speaker casting about.

1.3et federal spending at $2 trillion and requires committees to work on tax reform, which had artie begun. here is a look at some of the debate from the house floor. this runs about an hour and a half. tennessee. mrs. black: thank you, mr. speaker. i yield myself such time as i may consume. tennessee. mrs. black: thank you, mr. speaker. i yield myself such time as i may consume. i rise today in support of senate amendment house concurrent resolution 71, the budget resolution for fiscal 2018. passing a budget is never easy and has once again been a challenge this year. but i am encouraged with where we're now and i am pleased that the senate did its work by approving a budget. one that we can support in order to unlock tax reform for the american people. without question there are plenty of things that i wish were included in what the senate passed. ideas that the house put forward earlier this month when we approved our budget. for example, i still