tv Cavuto Coast to Coast FOX Business July 14, 2017 12:00pm-2:00pm EDT
it's 200 feet across. i don't know how deep but that is a sinkhole and a half. and on her way out as we go to neil cavuto i thought i would use the sinkhole as a metaphor for the gop. that's pretty good. i must say that's pretty good. have a great weekend. my best to your great crew. we are watching the sinkhole. they are nowhere near what they would have to to get this thing through. there is a lot of wheeling and dealing on this. we are on top of markets. yet again adam shapiro following this drama from the white house. the wheeling and dealing is already taking place it started just as they released the bill yesterday in this morning from
the president who has been phone calling and speaking to senators who are on the fence. let's start first with the president's tweet this morning. he said in a tweet tweet republican senators are working hard to get their failed obama care there failed obama care replacement approved i will be at my desk pen in hand. you also tweeted that they're working hard those senators who might be on the fence to buy in to the revisions to the better care recreation act. that has brought some of the moderates in because it doesn't provide for cheaper insurance plans. here's what lindsey graham said about it. the new idea is much better. it repeals the employer mandate. his provision is a good one. there are still concerns about the bill. here is what i hope we can do as republicans.
you are ready had two a senators who are essentially say no to even letting the bill go to the four -- go to the floor and the debate. they can only lose one more senator. but dean heller from nevada seems to be the key and all of this. can they win him. can you get him to guess what he faces a tough reelection in the future and he's concerned about what are some of the potential cuts in medicaid. and john hoban from north to dakota they dakota they were all in a meeting yesterday trying to figure out how they can get those senators to guess if they can't get all of them to guess thank you very much. adam shapiro on the floor with us right now. the republican senator tim scott. i hope you are doing well.
on this measure that you know of it how do you feel. i think we have made significant improvements in three major categories. it will preserve and save medicaid. you can choose to head insurance or not because of the end of the individual in mandate. it estimates that if 30% drop in premium as our plan kicks in in 2020. there are things very attractive in the bill but as you know we are one vote away from the straw that breaks the camels back. even to consider how to improve the existing form of the belt. now what ever concessions as you know better than i were made to win over moderates. there are enough moderates still annoyed at that they're not coming on board.
the fact that some of the taxes. the upper investment on income. who earn over $25,000. that chase. what you say. there is no doubt that those two taxes that you just described our worth $240 billion that should never been a part of that in the beginning the question is do you tackle that now. in other words you are telling those who areç leery about that we will address that with the tax reform measure. and then have a conversation and then hopefully tax reform now includes dealing with those
taxes that we have not dealt with in the health care bill. >> what is interesting about that is the moderates that might sign-up because the funding that you get from keeping those taxes in place. it's what keeps the extra money for medicare and there. if you take that all the way there. you're going to pull the rug out from under me. the tax reform tactics that we must get past the finish line is something that will bring more revenues to the government because of the dynamic growth. if we believe in the curve and the lower taxes. the higher incomes and more jobs than we can bet on our economy. if we fail at this objective of replacing obamacare with something that is durable we will have failed on a very important responsibility.
ensuring that the average american has access to healthcare if they wanted. and having an america first approach to healthcare that disentangled us from government centric approach is incredibly important. the health insurance mark as market as we know it. if this doesn't work or you don't come to an agreement. enough senators are still not satisfied the move onto tax cuts after this. there are two things i think we ought to keep in the back of her mind. either you are voting to continue obamacare or you are voting for the alternative. if you vote no they are ensuring that it continues for some time that we will not be happy about.
the worst part of obamacare is the individual market. there will be a move from right and left to cobble together reform that will address some of the challenges in the individual market which means that we will be putting time, energy and money back into a formula that does not work called obamacare. if we fail here we come right back in my opinion to the healthcare conversation and we do that in a bipartisan fashion with democrats holding the ace. your neck in a give up on it until you get something done on your own. before you even tackle tax cuts. i am very certain. spending a few years in the insurance industry that if all of the markets are collapsing there will be a major push from congress to fix that. i think so.
has a long game. we must turn to tax reform. there is over half of million dollars in corporate revenue in 2008. we are losing revenues whether or not we get tax reform done and they will accelerate. with defined not a panacea by a formula but a formula that reduces the likelihood of inversion in order to be successful. >> i am not heard that before. >> two former new york republican senators say that. what do you make of this bartering back and forth it means that whatever guarantees worst to belated now can essentially be rescinded later. the taxes that remain in effect now can be removed in the tax reform. i totally agree with you.
tim scott has impressed me for a long time now. that is probably the best republican senator interview that i've heard thus far on the healthcare bill realizing how important it is to make sure that people don't have things taken away. just important things that we want to make sure that our lower income americans have. i think the smart democrats are starting to talk about as well. i'm grieving freely. i thought it was incredibly interesting but mitch mcconnell has been playing a game with this has happening now and it can go wait later. the medicaid cuts for the more centric moderate politicians
this may not even go into effect. the problem is i don't think the american people are going to buy that. i think it's too dangerous an argument for them right now. and also the ones you are trying to win over. whatever you do to get those votes they could be dissuaded to think. the politics are complex and this is baked was baked into the cake of obamacare. some of the millions of americans would end up needing medicaid because we have an economy that was slow. i don't know if they pounced on it enough.ç the medicaid enrollments went way up. they never went down. we haven't really been able to revive the economy to the point that we can put these together.
it is a particularly difficult circumstance. that is a problem. anytime we put government in charge of these programs it would be inefficient ineffective and relative. what if they feel at this. and senator schumer who is very unlike jessica would get things done. they have the home process. and the democratic majority in the senate is never going to give the votes needed. i'm not at all sure. it could be done they will have
to look at breaking the filibuster. they have to break this. i've been reading really interesting pieces about how important their to be in all of this. he is leaning hard on dean heller about this. you have the far right. the politics and principal. we have a lot of senators up in the state who need to get something done. i think senator schumer is counting on obama care owing to ground. and the republicans been republicans being blamed to it because they already are. into the affordable care act.
i want to thank you both very much. the big anchor is enough. i've have it with this. the real problem is this gridlock and the inability of the two sides to come together and get anything done. he was particularly critical of republicans who are ruining things. not so much the world but the bankers. you always pay
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>> we have it up about a little bit. we are looking at a little bit of the banks. a lot of these guys had been reporting these numbers and kicking off today. they were all up better than better than expected today. what troubled us is the so-called guidance. where they see things going in the future and their they kind
of surprised the inlets by saying you know what, were not so keen on the feature. and jamie diamond for example. partly blaming washington. there would be much stronger growth if there were more intelligent decisions. i cannot repeat them. i have a standards here. two gentlemen of course never ever use bad words. what he is sane as i could be looking at a much better future we could be looking at a much better future if these guys got their act together.
i think it's more of a lesson for washington. hey guys. said to me. a guy has a great's age. when you dig into these earnings they are actually stellar in my book. not only are they relatively cheap talk about the stocks collectively but they are growing and ps there has been zero change to regulation and these banks are already booming. i have a conservative outlook. and to keep my expectations under control. push some of these reforms through. i like the sector here. he made a lot of good points. they are actually why the market won't go up will go up a lot more from these levels. without the with out the things that he's talking about.
but he is indirectly said you will not have a collapse because we don't get those things because we are in a strong enough economy that is still not strong enough to drive interest rates higher. you saw the text tech stocks coming back. that is what he is concerned about. nursing short-term rates go up. there is not enough growth to make long-term rates go up. they get to a flat yield curve. that's what it looks great now and it might not in a year from now. one of the things that came through. that was actually a bit of a downer for some of these guys. so whatever strength they experienced did not come from mortgage lending. it would've been the case. is that telegraphing some basic economic troubles. we have seen and some other data that has come out that will telegraphing something. the housing market is sort of an
unique situation right now. inventories are really low. there's not many transactions as we would want to see. there hasn't been a lot of volatility in the capital market. here's the point. if you look back 15 years ago and a lot of these companies they are a lot smaller and weaker they didn't have the multiple revenue streams they have now.ç all these big conglomerates. now they have the ability to shift their income streams and hopefully the regulation comes in to treating away from mortgage. i like that. i think their future is actually a lot brighter than people are painting. a lot of people have been hedging their bets. they are dropping some of the technology here. that banking would pick up the slack. and this probably would keep going. what do you think. >> the tech weakness which
didn't last very long. they should've gone further. it was a basically earning momentum growth. the whole amazon prime day they created a hold mother spending -- another major spending holiday. that is ultimately what drives very expensive growth stocks. at this point with the rates also not going higher want to thank you both very much. and then we have these black swan developments that swan developments that could change everything including the investigation into meetings with russians and all that. now we are learning that at that meeting there was an additional russian. one tied to the intelligence community. the former independent counsel robert ray. think again.
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some more revelations coming in. they could now confirm that there was another entity at that meeting with donald trump junior.ç he was known to u.s. authorities. he was even working with a visa expired and it was not deemed a big deal. the former counter intelligence officer. it was also sitting in on this meeting that included the president's son. and of course paul metaphor. whether the participant of the meeting is there.
the first thing that should've been done. if it would qualify. this is politics. i think he is right about that. lindsey graham was trying to say if this is a russian entity equal to the fbi with that. and of itself especially after the meeting was over. i might just pick up and put a phone call that way.
we've come to discover what this guy is doing. that is a legitimate source of inquiry. i'm sure the special counsel is reviewing that. my guess is that somebody in one of the lawyers wanted to leak that to the media. who is doing the linking? there is a lot of people still coming through. with a special counsel's investigation. i know information takes you on paths that they did not originally envisioned. it always raises suspicions even though it might be suspicious of
what else. the drip drip. it is a disaster. at least not desirable at a minimum. investigations are complicated things. if they come in contact with something that is under investigation. it's the way the human mind works. after talking with all of the possible information. what you know at the beginning is only a small fraction. it raises your ten on awful lot awful lot of talk about collusion.
who will apply more to business. i don't think they have their antenna. her meeting with somebody from russia. where they may have information about hillary clinton and the clinton foundation. and donald trump himself had raised that. if you're in a campaign under those circumstances what you had been interested to take them out. and you are particular interested in his in attendance. with regard to this additional development i don't think so. i guess not too long ago they
were saying this is been linked within the white house. even mentioned jared kushner is doing it. it would come up and then released it. it gets really crazy. >> as you will know high-profile matters where there is a lot riding on the results cause people to do things that they would otherwise do this was hidden from public view. it's no secret to anybody that lawyers within the white house leak that the fbi leaks that the lawyers involved in representing that. it is human nature. it wouldn't be a surprise. do you know who was leaking it. sometimes you do and sometimes you don't.
if you have lived a little like we both head. it comes as no surprise. do you ever look at!dhese developments and say this is can it drag on for a long long time. it may not be realistic but experience has shown living through this and having seen other independent counsel in the country's interest this is desirable if we can get to some nifty -- significant resolutions. the country expects that deserves that if possible. it is in a take time but a lot of other people have said don't expect anything other than this. i think if we learned during the clinton years that is not good from the it should be avoided.
i think largely much of that is not particularly relevant. i know it makes the news every time that happens. there's no evidence to suspect. a nominal topic of investigation is the president's firing. i'm not try to lead you on. but would it make a difference we know this meeting occurred at the trump tower. what if he bumped into these guys after and said hey may seen you. i think as many people had recognized in the modern world. tweets, text messages e-mails anything that they can do you are busy get it got it could happen. and inappropriate investigation looks at things like that.
it's revealing up intent. understood. he is now. if i thought it was necessary to do that as part of the investigation that would be done. he was so good at his job that both sides ultimately hated him. it's quite an honor. when we come back we have a new debate going here. it turns out that they are running out of money fast. it might have hit the hat trick of entitlement disaster. after this. yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does.
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i know a lot of folks who get there and say i pay into these things. but the two medicare and social security right now they could be the world of hurt. a lot more than you are hearing. gerri willis with new details. almost broke. the trustees for social security and medicare announced that the two programs will run out of money and soon medicare hospital insurance trust fund will be empty in less than 12 years. it goes broke a year later. there pain benefits through 2024. the treasury secretary said the president's plan to bolster the rate. social security and medicare account for more than 40 prepare
-- 40%. that amount is a one way track higher than the u.s. population ages. now not everybody agrees with the treasury secretary. there's what the former cbo director says. listen to this. any possible increase in economic growth would go nearly far enough to extend these programs definitely. in the 1960s there were four workers for each social security beneficiary. it is expected to fall to just two in coming years. they provided them to 60.9 million. it is something. then of course they keep putting it off.
thank you very much. all of this comes at the same time there is a back-and-forth about medicaid and what to do with it. a program that has grown substantially. the melt and that a lot of people would be getting medicaid. the economy did improve and medicaid reliance just kept growing and growing. that is just part of the problem. in the senate measure much like the house manager -- measure the rate of growth that is being slowed here. in the medicaid spending still shows it growing. just that alone is a cruel and unusual punishment. you can never get the stuff addressed. when we turn into that kind of thing. what do you make of this back-and-forth oddly on medicaid
the same day you get the news on medicare and social security. into the first point which was just made we have to do something about our major entitlement programs. they are all huge important components of getting our debt under control. unfortunately there is no action on social security and medicare. has promised not to touch those programs that is really a huge step in the wrong direction. in the discussion about repealing and replacing health care reform. in terms of the policy debate. one of the hard choices that has been included in those reforms is to make changes in medicaid and the pushback is huge which demonstrates i think your main point here which is it is really difficult politically to make any change to these programs that people think that they are entitled to. that is all good but when we are
warned repeatedly that they are either heading towards insolvency. there is no responsible discussion like that. >> there is no bravery on either side. how do we do this. there was a time when maybe it goes backç. they raise the retirement age. it really doesn't do the trick. somehow it agreed on that. long before there is can be a big crisis erupting. there are couple of keys none of it make it a slamdunk. this is really hard.
when we made reforms to social security last time there was an action forcing moment. we do not want to wait until the last minute the baby boomers have already moved ahead. they commissioned that it was good to go ahead and make those calls and it was up to the president and congress whether they wanted to follow up on it. i do think that outsourcing and moving some of these tough choices outside of congress had it sent in a bipartisan way where people don't think it's for either political agendas really. it's too easy to demagogue against. what are we trying to do we were trying to fix the debt and there were a lot of reforms included in that. if you are trying to fix social security on its own that would be the goal. one of the problems we're we are having right now with healthcare reform debate the big changes
where we would have about a hundred million dollars of savings in medicaid. but it is. with almost that much in tax cuts. you're really doing that fiscal picture. should we cut spending i think that is when to be a harder argument. every time they tried to give attacks. i would argue that it makes more sense to look at tax reform in isolation and entitlement reform in isolation or a grand bargain but not some segment of cutting entitlement. that's actually interesting. you may have heard about this build up to a fighter and the
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it wasn't as good as the ones in los angeles that preceded the one out and brooklyn. it is a forest up a press to her. they are streaming. if you are interested in watching. it was not organized. they missed the entire thing. it was kind of ugly and they surrounded it. they needed to end on a high note but it's meant to sell this fight. they did not even show up for the press line. can you imagine that interview by the way.
i'm a usc fan. the whole thing is weird. what not that kill boxing. i don't know anything about any of this. everybody said they are an expert. these are two people playing different sports. that's the analogy i keep coming back to. it would be like american football players he was an amateur boxer and he's known for his ability to hit. precision beats power. i encourage people to go watch it.
they want to get above. to do the crazy stuff. if they saw this and sell this and hit a record next. there be at least a 4.9 million paper views sold. the last one was mayweather pakula. he could walk away with maybe $400 million the highest payday in your if the fighting was $3 million. he's gonna make a hundred million dollars from those. when they rigged something that they don't let the ultimate fighting do it i think it's karma.
>> let me just state the obvious. boxing is already dying. mcgregor got defeated and he's lost three times. he got beat by nate diaz. that's probably right. mayweather made about a quarter of a billion dollars on the pakula fight. he could make way north of thisç they are having the press to her to convince people that mcgregor can beat mayweather if you want to be the man he beat the man.
neil: all right. we've got a health care scramble going on, don't we? south carolina senator tim scott was visiting earlier, talking about what goes many and out of this. i want you to listen very carefully to the needle he was threading on taxes. so in other words, you are telling those who are leery about that, we'll address this with the tax reform measure, maybe remove it then? >> absolutely. there's an opportunity for us to gain momentum through the passing of this health care legislation and then have a conversation and then, hopefully, tax reform that includes dealing with those taxes that we have not dealt with in the health care bill. neil: all right. did you catch that? it was actually a brilliant
negotiating point, but i do want to raise with my next guest, texas republican congressman brian babbin, what it seemed the senator was saying was this: all right, for you conservatives not very happy about swallowing, keeping two key taxes in the health care law in place, relax, we can rescind them later in the tax reform package we cook up. i'm kind of cutting to the chase. what do you make of that? >> you know, i intercept that statement just -- interpret that statement just like you did, neil. of course, the thought of keeping these obamacare taxes just doesn't sit well with me. and, you know, the biggest problem of not only the taxes, but the insurance regulations and the insurance mandates, as much of this thing as we can repeal and replace, the better off we're going to be. that's just the simple facts of it. neil: are you worried, congressman, and i understand it -- it's actually a smart negotiating point, but for moderate colleagues of yours in
the house, if it ever gets back to you guys, or in the senate they might say, well, wait a minute, this is the means by which you wanted to keep more medicaid available, and now you might be pulling the rug out from under that later. i could definitely see the method to it later, but you see my point, that moderates will say, wait a minute. >> well, you know what? i'm not a moderate. i'm a conservative. so i want to see, i would love to have a clean repeal, obviously. that's not going to happen. we've done our job in the house of representatives, we've sent it to the senate, and i'm optimistic. i think we're going to get to a point here that we'll have something that they, that we can look at. i'm many favor of -- i'm in favor of senator cruz's amendment which will give freedom and, or you know, the ability for americans to choose a plan that doesn't have all the essential health benefits and some of these insurance regs. why does a 25-year-old man need
maternity insurance? why does every family have to have drug rehab coverage? that's just absurd. and so if we -- the more that we can get rid of, the better off we're going to be. neil: are you confident that this can get done? >> well, i'm not going to say i'm super confident, but i'm relatively optimistic because, you know what, neil? we've been campaigning on this for seven and a half years -- neil: oh, absolutely. >> we've got, this thing is going down. half of the insurance companies that were insurers are now gone. one-third of the country doesn't even have but one choice. this thing is in a death spiral. pretty soon no one's going to have coverage. the past president told us that if you liked your doctor, if you liked your policy, you could keep them both. none of that's happened. and there's a lot of fear mongering going on. so i would just ask the listeners and viewers out there, don't pay too much attention the what you're hearing on the
mainstream media unless it's fox news. let's put it like that. [laughter] neil: or fox business. congressman, thank you. always good seeing you. >> you bet. thank you, neil. neil: by the way, i don't want to take credit for this, but i do want to take a peek at what's going on in the markets right now. shortly after we had tim scott on and he was looking at some middle ground and whatever tax hikes might still be in effect and that could be renegotiated out after they approve this within the tax reform package, it might seem like a common sense solution, but the markets went up on something. and i'll pin it to that because it's such a novel approach to all of this. it probably is not. i don't want to overstate it here, but it was a very interesting way to say we can swallow keeping these taxes in we only have to to swallow them for a little while, so everyone get onboard with this now. it's an interesting take. meanwhile, senator scott also saying that if this fails now, they're not going to stop. they're going to keep going right back at it. take a look.
>> there will be a move from right and left to cobble together reforms that will address some of the challenges in the individual market which means that we will be putting time, energy and money back into a formula that does not work called obamacare. so if we fail here, we come right back, in my opinion, to the health care conversation, and we to that in a bipartisan fashion with democrats holding the ace. neil: so essentially what senator scott was saying there, we either do this, republicans, right and get it done our way, or we risk having to address a problem that will not be done our way. either way, obamacare as we know it is imploding. i'm cutting to the chase here. the president of citizens for governance, mark meckler. on what the senator was saying first on the tax thing, that it's hard to swallow but maybe, when i had mark meadows on
saying he would be open to keeping a plan that kept those taxes largely on the rich in place, maybe he was telegraphing in parentheses because i know we can deal with it later on in the tax reform. what do you think of that? >> you could say maybe, but i would just is you to look -- ask you to look at history, neil. -we ever concern when have we ever been asked to swallow our medicine and then it got better later? how many times have we been promised that? every single cycle, and every single cycle they deliver or keep the bad stuff, and we never get what we're promised. so i think it's a joke, it's a fraud on the american people. neil: so you would not, if those taxes remain in effect -- the 3.8% surtax do the medicare surtax on the wealthy -- you would say no? >> i would say, absolutely no. but the republicans have the ability to the pass a straight repeal bill, multiple times during the obama administration
they put it on their desk. they're now proving themselves to be complete and utter frauds. they can't do it when they have a president that will sign it. that means they're frauds. neil: all right. well, as half-assed as this process has been, the argument is something is better than nothing. what do you think of that? >> you know, i hear that over and over, the congressmen say, well, the people sent us to washington, d.c. to do something. i don't know any voter that says i know my congressman or senator to do something. they say i send my congressman or senator to do the right thing. so i would rather see them do nothing than the wrong thing -- neil: but doing nothing -- i know what you're saying, but i just want to get to the gist of this. they say by, the republicans, doing nothing assures something that gets even more intractable and more into the fiber of this country and harder to address later on unless you replace it with something. as bad as this is, it's better than that. you say what? [laughter] >> yeah, and i don't agree with that. when it becomes this bipartisan
thing because now the republicans have their hands and their fingerprints in all of it, it becomes harder to repeal it at that point because you have all these republicans that have bought into it, that have voted for it, that have argued for it. what we have right now is a democratic disaster, we have the republican electorate that wants it repealed, and we need to keep it there. they're just going to muddy the waters by continuing to mess it up. neil: so do you worry -- and i know you're not a market guy, although you're pretty savvy with the markets. they've been running up. this is my opinion, mark, but largely on the belief that health care reform is going to happen. might not be everyone's cup of tea, but it will happen. and they also think that tax reform will happen. so they're betting it. i'm just judging from what's going on. they think all the bad headlines notwithstanding, it's going to happen. what do you say? >> you know, i've never been a fan of the markets predicting the behavior of politicians. i mean, that's just vegas, right? their just betting -- they're just betting the odds -- neil: that hurts, mark.
that's my whole life blood there. but that's okay, go ahead. [laughter] >> if you look at history, right? tax reform doesn't happen. not serious tax reform. generally speaking, we've had very little effective, serious tax reform over my lifetime and your lifetime. so betting on the odds of tax reform happening subsequently seems to me a very long-shot bet. i understand the markets are betting for it, but in my opinion, they've been running up against economic reality and running opposite to economic reality for most people in this country for a long time now, neil. neil: wow. well, that hurts my feelings. mark, always good seeing you, my friend. [laughter] thank you very, very much. all right, on this rally notwithstanding, stocks are at session highs right now. and, again, a lot of this could be pegged to tim scott who might have offered sort of an olive branch to some of the conservatives, particularly conservative senators who don't like the fact that a couple of big taxes on obamacare are still there. he offered this approach, that can always change. vote for this, in tax reform it
could be changed later. i want you to think after what he is seeing here, was it might -- because it might tick off some moderates who say, wait a minute, this money you're going to have courtesy of keeping those taxes in place is the means by which you're continue to funding medicaid. that's not how the markets are seeing it. they're seeing it as having their cake and eating it too. which, if you think about it, it is an equally dumb expression. more after this. think again.
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neil: all right. retail sales a little bit, you know, kind of confusing to follow. in the aggregate, they were down two-tenths of a percent, that is the second month we've seen that. and apparently, this was across the board with a lot of shoppers cutting back at clothing stores, supermarkets, restaurants. but year-over-year, they are up and up substantially in terms of retail activity which confirms a continuing improvement --
although it might be slowing. meanwhile, fox news confirming, as you have probably heard, that there was another person at that meeting with donald trump jr., and that person was a russian and was a former intelligence official within russia. we don't know how high up. but, in fact, goes back to the soviet days, the soviet union days. so at least to the '80s. former whitewater counsel robert ray mused about this on this show. anything raises your antenna? >> not yet. neil: not yet. >> an awful lot of talk about collusion. there's no such thing as a federal collusion statute. neil: collusion applies more to business. >> yes. neil: so nothing untoward to at least the former special counsel of whitewater, but further developments, as would my next guest, utah republican congressman chris stewart. congressman, very good to have you. >> good to be with you, neil. thank you.
neil: it always is like a drip, drip, drip, and i guess nothing untoward yet to be considered, but do you think it would be better for all of this information, any meetings involving anyone at any time to get it all out there because however this gets to us, it gets to us, right? it gets to those who say, wait a minute, this looks weird. does it look weird to you? >> no doubt about it, i agree with your idea. let's just get this out. i thanked donald trump jr. and was grateful that he put out these e-mails as quickly as he did. they've got to go back and be very careful in looking at every meeting or anything associated with this. who was there, who was involved, what did they say, what did the e-mails say and just get it out. i mean, look, there's this thing right now that we're experiencing where you've got a lot of to americans who go to bed every night dreaming that donald trump is going to be impeached, and they wake up in the morning, and they're disappointed it hasn't happened. and i've been saying for a long time there's a lot of other important things.
i wonder the if a year from now we look back and say, you know, we ignored north korea, we ignored another meaningful story as we focus on russia. i know you guys don't do that, but a lot of americans do. i think this is one of those times when they're probably going to be disappointed again. but get the information out as quickly and as forthrightly as possible. neil: you know, i don't congres, this comes at a time where people are saying -- and, again, nothing is proven that was illegal or unusual here, but it was a russian calling for this meeting, a russian lawyer who both parties knew, and then we find out about this ex-soviet counterintelligence officer. and they stress ex, former, but it begins to start looking weird to those who want and assume nothing but worst when it comes to donald trump. so it feeds the beast, so to speak. where do you think this is going? >> honestly, i don't think my view on that has changed much. i mean, i've been saying it, sitting on the intel committee,
we've been looking at this since september, nearly a year now. and i've been willing to say over the last couple month, look, i don't think there's collusion. i don't think this is something that's going to rise to the level where it threatens the president. i still believe that. but it does raise some questions, and i think those questions, to be fair to the american people, those guess should be answered -- those questions should be answered. but again, it's this drip, drip, drip, trying to delegitimize the president. it makes it more difficult for him to accomplish his goals, which i support, by the way, and want to help him. let's get it all out, get the report to the american people, and one way or another, let's move on. neil: you're talking about the president's agenda, your own agenda, sir, which which includes health care reform and getting these tax ruts through. your own views on the investigation notwithstanding, where do you think the likelihood that you get either or both of those key sort of tenets of the republican platform done this year? >> well, i'm actually more optimistic than a lot of people, and it's not either/or.
it really has to be both. and the key to that, the foundation is health care reform. we just have to do that. we promised the american people we would. there's $780 billion of tax cuts there that we then use in the tax cut package. you have to do health care reform fist. and it's like when -- first. and it's like when we were in the house and we couldn't do it as easily as we thought. but there were so many of us who knew we had to do this. the senate just simply has to do that. i've talked to many of the members who are reluctant, and i think they're going to find a way to do it probably in the next week or so. once we've done that, then you have the momentum, you have the kind of psychological and the political momentum to say, okay, the next thing, tax reform. which i think is as important as anything else we could be considering and better for the american people that, certainly, the tax structure that we're living under now. i'm actually, neil, optimistic that we're going to find a way to do it, because the political reality is you just have to. neil: yeah. everyone knows you have to, but it's sort of like diets, right?
some people -- you don't have to worry, sir, but they know they have to lose weight, right? and they don't do it. >> yeah. well, some. but you know what? many people do. neil: i generally don't like those people. i generally am not a fan of those people. [laughter] congressman, thank you. seriously, very good having you. >> thank you. neil: president trump is tweeting out that the health care push as the media keeps focusing on russia, again, he's putting the hard sell on here. america rising political action committee executive director alexander smith, real clear politics port caitlin huey-burns. the president's making it clear, caitlin, that this is a no-brainer. you gotta do it, got that, gotta, gotta do it. and he'll be very angry if they don't do it. can they pull this together for the gipper, so to speak? >> certainly, putting the pressure on these lawmakers as they're home the weekend kind of assessing the details of this bill, there is no room for error here. remember, you already had two republican senators, collins and
rand paul, saying that they won't even vote yes to get onto in this bill. that means only one person could say they don't want to get on the bill either and it fails, or even if they move on to it, those are kind of the numbers that we're looking at here. you're also hearing, you know, what else could the president have done here to help sell some of the merits of this bill, particularly as you have, interestingly, republican governors in states like nevada and ohio expressing concerns about bill. the president hasn't really traveled around the country hosting these kinds of town halls that we've seen others do. but he is certainly trying to the put the pressure on here. i'm just not sure -- neil: yeah, well, everything hangs on it. >> right. neil: the market seems to think it's going to happen, that they'll find a way to do this. alexander, one of the issues that has come up and might be a reason for the markets to advance is the senator tim scott idea. look, trying to assuage conservatives that are concerned about keeping those tax cuts on
the wealthy that paid for most of obamacare in place. but, but, but, assuring them there is a way to address those later on in tax reform, maybe rescinding them. how do you think that would go? >> you know, i think it's incredibly important that the republicans do pass health care reform. this is one of the main issues that every single republican campaigned on in the 2016 election including president trump. so i think it's critically important that they do that. i think what's interesting is when you look over at the democratic side and see the kind of vise grip that they're in. look at their de facto leader, bernie sanders. this is a guy that is forcing so many democratic senators and leaders to the left on this issue, pushing them towards a single-payer health care. and we're seeing -- neil: well, he's not the only one. dnc chairman perez and everyone else, they've all gone the karl marx route. caitlin, the one thing i do worry about is, obviously, the extreme base has taken over both sides here, so overtures to
moderates in the senate is only going to get you so far because conservatives are the ones back in the house who i hear are getting ticked by what they're hearing getting compromised now. how bad does that get? >> right. even if they are able to pass manager out of the senate, they do have to reconcile it with the house version. i'd also note that this bill is not quite done yet. if they are able to get on the bill -- which is, again, a big question here -- what the amendment process will be like, what additional things they will offer in this bill remain to be seen. but you do have a lot of reluctant people, moderates but also a couple conservatives, wondering about things like the taxes in this bill -- neil: right. >> also wondering about whether there is enough money directed from keeping those taxes to fight opioid addiction and medicaid. it's interesting to see the trouble that republicans are having in terms of obamacare now being the law of the land. any of these votes will certainly count because you have a president ready and willing to sign them, and it's difficult to
take this away from people. that has been the argument -- neil: well, you're right about that. and that's the history of anything the government does. >> exactly. neil: very easy to give, very hard to take back. alexander, by hook or crook, tim scott was saying we are going to get this health care thing done, we've got to get it done. it would seem to indicate to me that if you're waiting for republicans to acknowledge the obvious, that they're having a hard time with this, put this aside and move on to tax cuts, that's not going to happen. they either, you know, rise or fall on this or it's done. what do you think? >> yeah. i mean, look, i think that the republicans really do need to pass something here. otherwise other priorities like tax reform and infrastructure planning the president's talked about, i think, are in real peril. i think that the good news is though that in terms of reaching out to the other side to get the votes that they need, there are ten senate democrats or ten states where trump won where democrats have seats up. and i think that those present tremendous opportunities for
republicans to reach across the aisle. because on the one hand, these democratic senators are kind of in a bind. they're in between their donors in new york and san francisco who want them to have a more extreme single-payer plan, and on the other hand, there are voters in those states who want them to work with republicans and who are desperate for obamacare reform. neil: right. and i can understand the longer you keep a big government program going, the harder it is to dismantle it. so i do understand the logic to that. but i also understand the logic of math, and if the numbers aren't budging -- caitlin, you touched on the notion that there are a couple of republicans who won't even allow a procedural vote to move forward because i think rand paul is among them, i think susan collins as well -- >> right. neil: two clear no votes. but to go the extra mile and say, you know, leader mcconnell, we don't even want a procedural vote on this, we hate this so much. i mean, that's pretty strong. >> yeah. and that's pretty kind of telling about where the party is on this right now. you also have republicans
arguing, you know, let's get on the bill and then kind of debate these things later. i wouldn't be surprised if you saw pressure put on people to get on this bill and try to make the reforms later. but what's been interesting to watch, too, is for all the talk of potential bipartisanship, democrats have said they won't entertain that possibility if republicans keep up the pledge to repeal the law entirely. and so that's kind of the sticking points here. so while we like to talk about the prospect of bipartisanship, i don't think many people on capitol hill where i was all this week are really holding their breath on that one. neil: is there a sense, too, that the president might lose his mojo? by that i mean it's one thing the if you're very popular, as the president is with his base, but if it looks like his poll numbers are going down, members in the house and senate are less afraid of them, they're less intimidated. they stop returning phone calls. of lyndon johnson dealt with that, richard nixon dealt with that. >> right.
neil: there is precedent for a president's declining poll numbers to hurt him in working on legislation. on that, i'm just curious, alexander, where you see it going. >> yeah. i mean, i think it's important to remember the lesson of the 2016 election which is i think that the american electorate is far less ideological than some would have you believe. i think that a what the american people voted for in 2016 was change. they wanted a big reformer to come in and shake up the way things were done in washington. so i think that in terms of, you know, the president's own personal popularity, i think that matters less than where independents are on this issue. and independents have overwhelmingly in the last couple of cycles voted for republicans because, mainly because of obamacare. and so i think that, you know, really voters are going to hold us accountable as a party. if we don't get this done. and i think that, you know, the president is instrumental to making that happen. neil: all right. alexander, final word.
kate lip huey-burns, want to thank you as well. we shall see where goes. what's interesting in following these developments is the fact of the matter, wall street confident things will get done, maybe confident in the plan tim scott outlined with us, there is a way to make conservatives happy and moderates happy. moderates are being made happy with the idea we're going to continue we'ving up medicaid -- beefing up medicaid funding, opiate research based on the savings and money we are getting from keeping those tax cuts on the rich. but a wink and a nod made to conservatives, yeah, but we could take those away. those taxes we could take away later on. now, if you're a moderate and you were won over with the promise that that is the means by which you're going to protect medicaid, are you going to sign on to this knowing that the rub potentially -- rug potentially could be pulled out from under you? there is a flip side. and this battle goes back to win over conservatives, to win over moderates, it's very, very tough to win other both. more after this.
neil: iowa republican congressman steve king says you can fund a wall we want to build with among other things, food stamps, planned parenthood, a lot of people went aghast, at him. everyone concluded he must be for starving kids but comported himself very well in the interviews. put in perspective we waste a lot of money. we've seen proof of that with number of programs in serious disarray right now, including medicaid funding right now even after the meltdown you would think it would go up and people sign up get medicaid, that economy would improve that would go down. it never did. that is the kind of thing republican congressman from iowa getting at. he joins me right now. food to have you. >> thanks a lot for having me on. i appreciate it. neil: you're almost a care character out of the "pirates of the caribbean" now. how have you been handling the media fallout.
>> i have been business. i i have i will fall off this duck's back. they haven'ted point the out any substantive arguments. when you have families, nobody works, milwaukee, 36 blocks residential area, wasn't single employed male head of household and 40% of people on ebt cards, or food stamps, 40% are obese. we established the food stamp program to solve problem of malnutrition in america. now we're contributing at least if we haven't created it, we're contributing to obesity problem. we're not supposed to bring that up because a lot of those folks are democrats. they get ginned up by the other side. we have to open up the topic to get america on the right track. this is the administration to do it. neil: one of the things come up again and again, whether you support all the government efforts, no one said we shouldn't feed those genuinely starving and poor, but one thing happens with government
programs, whether you're on the right or the left, it is very easy to grow them. very difficult to slow them down. no measure ever been talked about to my knowledge has been to reverse that. it is just to slow the growth. that is seen as throwing granny off of the cliff, what have you. that is going on with medicaid, house proposal, senate proposal, for slowing growth of it. it is seen as being a knife in the heart for those who vitally need it. you're losing that pr argument. then democrats and liberals come back say you're keen on providing tax cuts for wealthy people but not for helping average people. you say what to that? >> i would say i recall in the previous decade when we brought tax cuts, bush tax cuts, that we were trying to find a tax cut for the lower income people but we found out in good number of those brackets they weren't paying any taxes at all. we were left with this conundrum, how do you cut income tax on people that aren't
effectively paying income tax? yes they're paying sales tax and other taxes. so that is part of it. and by the way, this tax that is in obamacare this they seem to want to leave in the senate that we stripped out in the house is just goes to, tax was added because of obamacare. there are at least 10 different taxes put into obamacare. the house wanted to strip them all out. democrats want to demagogue that. neil: these taxes are only few years old. >> that's right. neil: here is my bigger point with this. it is about government in general, congressman. it is very, very hard to dismantle something, slow its growth. that is concern of senator tim scott. saying we've got to get this health care thing right, every day i'm paraphrasing here, is a day gets more intractable, unwieldy to deal with. putting it off is saying we can't handle it, never will. what do you make of that? >> tim is right. he has done a lot to demonstrate his own skillsets. i thought through this thing.
i want full 100% repeal of obamacare. want to rip it out by the roots. i introduced legislation to repeal obamacare day after it passed. i bought a discharge petition in 2010. i got 173 signatures on it. i've been seven 1/2 years to rip it out by the roots. we're not getting this done, neil. because of establishment republicans banded together to keep parts of obamacare. but i think that we'll see -- neil: either of those two taxes, ones pay most of the fare for this. tim scott seemed to be offering the possibility that if they go he along with this, senators go along with this, when it comes to the tax reform thing they can get rid of them there. what do you think of that? >> i always think you should take care of those things when you have got the chance. when you kick the can down the road, delay it, you think you will have better opportunity, usually that opportunity doesn't materialize. on balance i will say this, we
aren't getting full repeal of obamacare. we'll end up with best we can get out of political configurations of the united states congress, coupled with presidency. what is left of it, socialized medicine left after this, i think we'll get it done, we'll label that the curse of obama. 100 years from now it will haunt us still, not giving 100% repealed and not giving people back their god-given freedom. neil: you think some form of government health care will the case? >> i think so. i would go, do any moral ethical thing to end this thing completely but the inertia of politics here, changed when we weren't able to bring my full 100% repeal to the floor early in january. had we done that every republican in the house would have voted for the full repeal. then they would have no negotiating position to preserve the essential health benefits or taxes that are being discussed now. and so that was tactically the
moment of demarcation for us. neil: even in the senate it passed with everybody republican save susan collins. congressman, thank you very much. good seeing you. >> thanks a lot, neil. neil: moon while in france a very different view on relationship that has gone from you know handshakes and how much i can crush your hand versus the other guy's hand to a full-blown bromance. after this. horseheadswivellychair.com
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neil: we got a bromance going on here, friends. whatever is going on here the press don't seeing it more than anything else. former strategy director prime minister david cameron steve hilton joins us. steve, your whole show is about the next revolution, but this might be the next unusual global pairing. what do you make of it? >> neil, certainly relationship revolution if you think back to how these two got off, starting with each other a few weeks ago. it was not the bromance you see today. as you described. but i think it is good news. it is good news for nerc that president trump is forging good relationships with important world powers like france, given the range of issues that they need to tackle together, not just economic but fighting terror and so on. but it is also good for france because it is not helpful when he see a rift developing as
seemed to be the case between europe and the u.s. with the same kind of response to president trump you, as someone on the left and in the media have expressed here in the america. you saw that same being expressed in uk and elsewhere in europe. this important relationship between america and europe has done so much good is strengthened by the personal relationship clearly developing between these two. neil: but that relationship isn't developing between president trump, for example and angela merkel of germany. maybe to a lesser extent with theresa may in britain where the president seemed to choose his favorite leader. i could be making a stretch here so if you will indulge me but for some reason these two struck up a relationship that eclipses all those others. >> yeah. neil: if that is the case, and turns out that this relationship with france that ends up being the one to watch, what does that mean for england? what does that mean for germ he any? what does that mean for traditional europe? >> i think that, well, let's
take them in term. with theresa may, she personally would like to have a strong relationship with president trump. you saw that in the visit that she made a few months ago, which is very warm, very, very good relationship emerging there, just like we've seen in the last couple of days with macron. you remember the joint press conference and image of theresa may, trump were very strong. what has happened since then of course is that theresa may has been thoroughly weakened by an election that she called unnecessary. didn't need to call it. she did very, very badly and now she is very weak. she is susceptible to public opinion in the uk that doesn't like president trump basically. neil: i'm sorry. her feeling for the president notwithstanding, a lot of groups saying mr. president, we don't want you to come here? is this view widely-held? he is still going there next year, right? >> it is still wildly held in the uk. what is really interesting is
that, president macron of france, probably has the same domestic pressures but doesn't care. what is interesting that he is a very strong leader right now. remember what he has done. he has built a whole complete new political movement, number one. he is very self-confident leader. i think it is interesting that he can face down the domestic pressure that says we don't want trump here. we can't stand trump. theresa may, much weaker can't do that. angela merkel, for example, is facing election in september. for her the same political calculation. she doesn't want to inflame the anti-trump sentiment in germany before an election. perhaps after the election, after she wins, likely she will, you will see a strong commitment with america america to, working with donald trump. neil: we'll see about that steve hilton, sundays 9:00 p.m. he is ahead of a lot of stuff we take for granted "the next revolution." inciteful read globally on to
this thing. certainly on to it before i was. meantime north korea very mad at us for even contemplating sanctions. normally when that happens, the north koreans start launching more missiles and usually do it on a weekend. thiswould be the weekend. what do you make of that after this. [ [vo] progress is seizing the moment. your summer moment awaits you now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event.
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neil: all right. north korea doesn't much like this talk we're considering some even tougher sanctions, the u.n. as well. so it is considering corresponding measures, whatever that means. i think this guy would have pretty good idea. retired four-star general jack keane. general, what does that mean and how do we respond to their counter measures, whatever they are? >> i think first of all the trump administration has made a decision, a strategic one, not to respond to the latest military escalation which was a launching of an icbm test at least, and to continue down the path of tough sanctions, diplomatically engaging all the nations that are doing business with north korea and telling them to knock it off or we're going to keep you out of the u.s. financial banking system. and also to begin, and i mean just to begin to set the stage for china to push them towards doing something more than what they are doing with north korea
by actually sanctioning china. now we're starting with baby steps with china to see if they're going to respond. and i think they probably gave the president at the meeting, at the g-20 meeting some indication that they are going to be responsive. we'll be talking to the chinese next week on this very subject. so we're going to have a feel whether they will really do something or they continuing to game us. if they will continue to game us, neil, i think the trump administration will really get tough on china. neil: now the president was quite effusive in his praise of chinese president with the joint presser with the french president. what do you read into that? >> what i read? it he is still trying to work this thing. he still taking president xi at his word he would work towards denuclearizing north korea, even though we don't have much evidence of that, because as you have reported, the fact of the matter is that business with
north korea from china's perspective has gone up from january to june, some 10 1/2%. neil: doesn't look like we could even trust them, general, why do we bother? >> i think it is because he knows how tough it will be without many them. if there is opportunity to get them to work, i think he wants to try that. listen they're looking at chinese with clear eyes here. they know these guys have never come through in the past. they're not likely to come through here, but he is willing to give it a little bit of a more try. neil: we indicated that with nikki haley in the united nations we would act alone if necessary. what does that mean? >> we would have to do what? ,. neil: that we would act alone if necessary regarding north korea? >> yes. what that means it is likely, despite haley's protestationed and trying to get the chinese and russians not veto a proposed sank shun list, likely one or both of those countries will veto it. this will put the united states
acting unilaterally with sanctions. we would rather do it with the u.n. but probably never getting the kind of sanctions out of the u.n. we would likely be able to impose ourselves. at some point we'll be acting unilaterally anyway. neil: it is always deemed a war-like move to shoot down the missile when they launch it over their land. is a war-like move, general, to shoot it down over chinese waters or north korean waters? >> i think these military options from low of -- low-end option i would consider that low-end, are on the table. north korea, the hand they're playing neil, they're trying to convince us any military option we take, even a low-end option like that is a war provocation and they would have no choice but to attack south korea. i don't know if they would do that. but that is in fact what they have on the table. and they believe, by having that
on the table, indeed it's a checkmate to any military action that the united states will take. but i know for a fact that the trump administration has a lot of military options on the table from the low end certainly to the high-end. think nobody wants all-out war. neil: general, thank you very much. scary stuff. not so scary, what is going on corner of wall and broad. we're in record territory and then some. more after this. s. s. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. that's how you outmaneuver. dentures to real teeth.rent they're about 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99%
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neil: all right, stocks are in record territory yet again. this has been a very, very good week for the dow. all of the stocks that were getting hammered, have just come back. a market that refuses to get out of it, refuses to. trish: hey, neil, happy friday. lots of news going on. president trump back on his way to the u.s. and calling senators from the plane plotting them to get behind the republican bill as it hangs by the thread. the next few hours are critical. i am trish regan. we are moments away from air force touching down in new jersey. we are going to bring you the pictures just as soon as they arrive. again, awaiting on president trump to arrive. they are in new jersey. before he left france, the president tweeted, quote, after all of these years of suffering through obamacare, republicans senators must come through as they have promised. indeed, they must but two senato