tv Sunday Morning Futures With Maria Bartiromo FOX News September 17, 2017 7:00am-8:00am PDT
>> todd: all right we want to thank paul and our new york cit- >> pete: all the beer. >> abby: and someone outside one of our awesome viewers left me this cute book the little voice for my little girl. >> todd: great guests tomorrow. >> dagen: good sunday morning this week president trump will deliver this big speech in front of the united nations and lawmakers wrap up the pressure on james comey hi, everyone i'm maria bartiromo welcome to sunday morning futures. republicans say they're close to a deal on tax reform, will we get more details, ways and means committee chairman kevin brady will join me live coming up plus we'll get analysis on taxes also up ahead and north korea ratchet s up the tensions on its nuclear program can the u.s. get china on board? i'll speak with senator mike rounds of the services committee
and then the heat is on, jim comey needs to come back to the hill and testify. is the ex-fbi director in trouble over the clinton e-mail scandal? former attorney general will join me live as we look ahead right now on sunday morning futures. >> maria: well the battle over tax reform is heating up now as the so-called big six in the republican party remain divided over basic elements of the new plan including rewriting the tax code and long promise tax cuts. house republicans are still promising to release a plan next week. joining me right now is the chairman of the house ways and means committee congressman kevin brady. mr. chairman, it's always a pleasure thanks for joining us. >> thanks, maria. >> maria: well we know pretty much the principles you and i have spoken about tax reform now multiple times. what will we learn next week that we don't already know, sir? >> yeah, some pretty important things one you'll see details
about our business and individual rights that we propose going forward on tax reform, a dramatic simplification of how we tax so families can keep more of what they earn in our businesses can compete anywhere in the world and when, especially here at home. now, there won't be details on every aspect of the tax code. obviously the ways and means committee and finance committees will do that but i think you'll see some key details and clearly , unified consensus document about how we move forward on tax reform. >> maria: a lot of people have been weighing in in terms of what's important to them. last week, i spoke with senator ted cruz who had some ideas both on the individual rate which he's talking about a flat tax as well as the corporate side. he's talking about expenses. love to get your thoughts on those ideas. here is what ted cruz told me just this past weeklies en to this. i started by asking him, calling for a single flat tax, i'm reading through your ideas and i know you want to simplify in
terms of three brackets versus seven but you're talking about a single flat tax. what would that be? >> look, that would be my preference is just a single flat tax that's fair and uniform for everyone. it's a big standard deduction and then everyone pays the same simple rate because i think there's power in bold simplicity when businesses invest in plant and equipment and new buildings, right now they depreciate those over a number of years. one of the most pro-growth tax reforms you can do is immediate expensing. what that means is that makes it much easier for a former to buy a tractor. if you're a steel worker it makes it much easier for the company you work for to build a new steel factory. if you're a truck driver it's much easier to buy a new truck or a taxi or uber driver much easier to buy a new taxi or uber. >> maria: so what about that, mrs. chairman are you considering that? so we won. we welcome senator cruz's ideas and in fact the postcard style system that we are working toward and i think succeeding
and achieving that was one of the key elements he proposed in his presidential race and of course look expensing which is the ability to immediately write-off those major business investment capital investments is key to growth. i think driving the rates, you'll see this from the unified blueprint coming forward for the president and the senate as well we want to drive our business rates for every size business as low as we can and you'll see this. we want to drive the incentives for investment up as high as we can. you'll see that as well. >> maria: so you do like the idea then of expensing? >> well, absolutely. look you have two twin towers of growth in the economy. one is driving those rates down for every size business and the others unleashing the investment look we're about 30 year low in business investment and our productivity as americans the same level. we need to unleash that capital in a major way because that really drives productivity in wages in a way the rates don't
always aren't always able to achieve so really let's drive both of them as strongly as we can. >> maria: let's talk about individual rates for a moment mr. chairman because there's been a discrepancy on really what you determine as rich. i mean the president has been very clear this past week saying look, my priority is the middle class. i want to lower individual rates in the middle class as much as possible but i was looking at the tax foundation data and the last dollar of the highest earn ers is $131,000. do you consider $131,000 among the highest earners and the people that are not going to get a tax cut? >> well i certainly don't, and i don't believe anyone does. one, we are unified around a very strong middle class tax cuts. i want to lower the rates at every level so people can keep more of what they earn and we can grow the economy. i just honestly believe washington takes too much of what people earn and frankly they also waste too much of what they take while they've got it and for us to grow this economy, drive a major middle class tax
cut and really create jobs in a way we've not seen the long way, let's try to lower those rates, create that growth at every level. >> maria: so how are you dealing then with the deductions and eliminating of deductions? last week on the morning program , i had on two congress men, one on both sides of the aisle and they could not agree on number one, eliminating the deduction of state income, eliminating the deduction on mortgages, they couldn't even agree on a 15% corporate tax rate so where are you on this debate? so look, we're going to have difference of opinions there, but i think you'll see the unified document between the president and senate republicans and ourselves. you'll see a dramatically simpler tax code for families and businesses. the only way you'd do that in a growth way is just jet us in a special interest provisions for some so we can lower rates for everybody and moving towards a postcard-style system we're really nine out of 10 americans will be able to use that simple
postcard style approach one has tremendous support i think from the american public and i think is going to grow the economy as well. >> maria: yeah, i understand the simplicity end of it for sure and certainly the corporate rate decrease as well. the individual rates now, i think people have some questions because the president seems to continue to reiterate how he doesn't want any tax cuts for the rich and in fact, we both know that the highest earners pay the majority of taxes. the tax foundation right here is telling me that 10% of all taxpayers, the highest earners, the top 10% pay 70% of the tax. isn't that right? so can you really do a tax cut plan and not include the highest earners? are you really cutting taxes if you aren't cutting taxes on the rich? >> well look i think it's important again so we try to lower rates at every level so people can keep more of what they earn and it turns out too, as we know from the reagan tax cuts which were bipartisan and president kennedy's approach as well, when you lower rates for every american including the
middle class, you drive the economy in a major way. that's what we're going for, maria as you know growth in jobs and paychecks and leap frog america to the lead pack is the best place on the planet for that job investment we want to achieve those and i think you'll see in the unified tax reform approach, we're doing exactly that. >> maria: so you're looking to lower taxes on everybody so the next question becomes how do we pay for it and of course, that brings you to the question of revenue neutral. do you need to have this tax plan revenue neutral which would mean of course if you're going to lower taxes you're going to have to find revenues somewhere else over a 10 year period, what's your take, or do you not need to be revenue neutral? >> so yeah i want to focus on families and businesses to be able to count on this tax code so they can make the long term decisions to grow their success and grow the economy as well. the best way to do that is to balance within the budget and there's two ways you do it. one, we will get economic growth
from bold transformation tax reform. that's good but we also have to get the special interest provisions, loopholes, exclusions, so that we can lower the rates for everybody. that's the work that we continue to do and at the end of the day, if we make this permanent or as much of this tax reform as permanent you'll get the greatest growth for the greatest years, that's my focus. >> maria: we're already seeing people anticipate that and things have already started to turn toward that 3% number in terms of economic growth you're looking at. give us some kind of a structure we could actually understand? you're going to come out with more details next week. what does that mean in terms of a bill? when does the bill come down to the floor and then get to the president's desk, sir? >> yeah, perfect question. so here is the sequence at the end of next week ways and means committee members will be coming back working on the final details of tax reform moving forward. the week of september 25, the president and republicans and house republican tax writers
will bring out our unified framework and will be all of the core elements of tax reform and then we turn to the budget. that really needs to be completed by mid october because that gives us the runway, the rules that allow us to land tax reform on. when that budget is complete, the ways and means committee will bring forward and begin action on tax reform. >> maria: so then we will know whether or not you're going to use reconciliation where you'll need only 51 votes versus 60 votes needing democrats in? >> well i will tell you what. one, no budget, no tax reform. it's clear that that's clear and if republicans don't unite and move this budget so that we can move tax reform, i'm convinced the president will look elsewhere but for partners to deliver on this so this budget is incredibly important but using reconciliation maria doesn't preclude us from including democrats and their ideas in tax reform. in fact their communities are getting hit as hard as
republican communities. they have good ideas on tax reform so we should continue to engage them and their ideas as we go forward. >> maria: we'll be watching everything. mr. chairman it's good to talk with you again thanks so much. >> thanks maria. >> maria: appreciate it kevin brady joining us meanwhile new calls this morning to get james comey back before congress after senate republicans say he plans to clear hillary clinton before even interviewing clinton herself. should he be forced to testify? former u.s. attorney general alberto gonzalez will weigh in after the break live. remember follow me on twitter at maria bartiromo at sunday futures, let us know what you'd like to hear as we come back stay with us we're looking ahead right now own sunday morning futures. hi...so i just got off the phone with our allstate agent, and i know that we have accident forgiveness. so the incredibly minor accident that i had tonight- four weeks without the car. okay, yup. good night.
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gop congressman trey gowdy wants former fbi director james comey back before congress that to testify in the hillary clinton e-mail case this after the senate judiciary committee and transcripts had transcripts that said that comey wrote a memo clearing clinton before he ever interviewed her or other key witnesses in the case. joining me judge alberto gonzalez former u.s. attorney general under president george w. bush and also the author of the book true faith and allegiance a story of service and sacrifice in war and peace. and you certainly have sacrificed as well. mr. attorney general good to see you sir thanks very much for joining us. thanks, maria appreciate it. >> maria: i want to play for you the sound bite from trey gowdy. he was on america's news room on fox news this past week. listen to this i need your reaction to this, sir. >> what i'm saying is theres sufficient factual basis to bring him in and ask him when did you make up your mind you were not going to charge secretary clinton? i can tell you because i've seen with my own eyes he made up his mind before he interviewed her.
how far back whether it was two weeks or two months quite frankly, bill is immaterial to me. he did it before he interviewed the last witness. >> maria: what's your take on that judge? >> well i think whether or not a prosecutor would find some kind of wrongdoing by the former director i think remains to be seen quite frankly it's unfair to the process and to james comey and the investigation as to whether or not what should be the outcome here. oftentimes in connection with the investigation, investigators and prosecutors have a pretty good idea about where they go with an investigation. they know though at the end if they don't have an interview of the primary person involved if he had not interviewed hillary clinton there would have been serious questions raised why didn't he interview hillary clinton so i would say you make up your mind early in the process but it's not unusual. you certainly develop a feel about where the investigation is going to go and so again, a lot of merky information so i do
think that it's not inappropriate for congress to ask the director former director to come back and clarify some of these questions. >> maria: i mean this is really bizarre because both sides of the aisle are mad at comey because they feel that he was the judge, the jury and the executor all at once basically saying we're not going to prosecute and having that memo that indicates that he already had made up his mind before he actually did the interview. is it typical though your honor to basically plan an interview based on what the subject wants? in other words hillary clinton apparently did not want to be recorded. she didn't want it to be on the record. jim comey did not do the interview himself. i mean, they agreed to all of these things to get her in the door. is that right? >> well, i think that there are many certainly many former high level doj officials who believe that there were many mistakes made by director comey in connection with this
investigation, his involvement in publicly having that press conference and then interjecting himself just weeks before the election, so there are many things that happen here that really are extraordinary. now, as to whether or not any of this raises to criminal wrongdoing connection with the leaking of some of the fbi memo and pre-judging the case, whether any of that raises to criminal activity really i think from the public record, i think it's a stretch, but there are serious consequences that may arise nonetheless for example, the inspector general the department of justice is undoubtedly looking at jim's performance and they very may welcome out with a harsh indictment of the way jim exercised his authority as fbi director and interjecting himself as the prosecutor in this case when in fact as the head of the fbi they are the investigators. the officer pressed with the responsibility is charged with assessing whether or not any lawyer within the department of justice fulfills his obligation
to the american people to act with the highest professional ethics and professionalism and the office of professional responsibility may also come out with a harsh indictment so there could be serious consequences that arise here for director comey that fall short of any kind of criminal wrongdoing. >> maria: well i guess the broughter issue here and this is why i think viewers are scratch ing their head about this they look at some of the situations where they see wrongdoing, loretta lynch telling jim comey to call the investigation a criminal investigation. call that criminal investigation a matter, not an investigation and he did it. he went publicly and called it that we're looking at this matter instead of a criminal investigation. nothing done about that. they look at what has gone on with the irs and basically see ing just class week's news that the department of justice has decided they're not going to do anything else on targeting conservatives because she didn't agree with their politics. that case is sort of gone away and then we've got here jim comey, trey gowdy saying he
wants them back and it's not a major thing that the doj is looking at so i guess people are saying is the department of justice being run by republicans or are these obama holdouts? how come all of these stories that are against the democrats are never followed through? well let's just take for example , the irs situation. the decision not to move forward with the stretch of that prosecution is ultimately signed off by the head of the criminal division which is a trump appointee confirmed by the republican senate signed off by the deputy attorney general again, an appointee of this president signed off by republican-controlled senate so the fact that that decision was made tells me that they just did not believe there was sufficient evidence they could creditly prosecute that case and be successful in a court of law, so for me, it would be a stretch to say that they are not doing their job in terms of ensuring that justice is followed in
>> maria: welcome back. big week for president trump. he's gearing up to address the united nations this week. it is the sun general assembly. the rogue regime flying a second missile over japan on friday. joining me now is south dakota senator mike rounds, a member of the senate armed services committee. joining us, sorry with us, sir? >> senator: hi, maria. >> maria: good to see you senator. thank you very much for joining us. i see the president of south korea is speaking tow u.n. general assembly actually monday
the president has his speech on tuesday what would you expect from the president at the u.n. general assembly this week? >> senator: i think he makes it very clear that there are military options but that we would prefer to have a diplomatic solution that would be better for everyone. i think that's got to be his message to begin with. i think also he has to send a message to china that they do have a responsibility here and that they can help us to eliminate the possible use of military forces in the future based upon our own timeframe and i hope that that's the message that he's able to convey. >> maria: in fact, secretary mnuchin has been very clear saying look, if we don't get what we need from china, we're prepared to decline the numbers in terms of trade. we can stop trading with any country. that sort of frightens me a bit senator and i wonder what you think about putting additional sanctions on chinese banks, about pushing back on china getting real aggressive in terms
of trade. that impacts the united states negatively. >> senator: it does and the question is which is a better move? do we take the pain and the short-term in order to move them in a positive direction or do we possibly have a much more difficult outcome with a military action at a later date. i think most of us would prefer to take the short-term pain if necessary due to changes in our policies with china. we're hopeful that china would also recognize that long term, they have a rogue nation on their neighbor and that they are able to negotiate with us so that they don't see u.s. troops on that border. that's what they are concerned. look they want stability and right now they do not have the stability that they desire. north korea is not a good neighbor. they're involving corruption, they're involved in currency manipulation and look, they're one of the guys that right now
causes problems for the provinces in that part or next to that part of china and so i think china understands that they also have issues that north korea is the problem with and so i think that they do have an interest in trying to resolve this but they most certainly don't want us or south korea as their neighbor and i think that's the issue to be resolved. >> maria: but what about the capabilities of north korea at this point? kim jong-un is outlast week on friday saying he would like to this is from state media in north korea, he would like to turn the u.s. into dust and ash. ashes and darkness and then said we are ready to sink japan. i mean, these threats, how much should we take them seriously? >> senator: every day that goes by, he's going to continue to try to increase his capabilities , whether it be nuclear or the ability to de live a nuclear strike and i wouldn't rule out other types of weapons as well. i think look, he is not part of
the civilized world and most certainly, you can't assume that he doesn't have other types of weapons as well, but the reality is he at this point does not have the huge capabilities that it would take to actually deliver such a blow. he can cause us pain. he can cause our allies pain and most certainly with south korea and seoul, he has a significant conventional military force on the border. literally thousands and thousands of artillery pieces aimed at seoul, and they are hardened and it would be difficult to take those out so that's the major threat is our neighbors are at risk from this rogue nation. >> maria: senator before you go let me ask you about the domestic agenda because i know you've been working on a deal on subsidies. you'd like to get something out by the end of september. where are you on that? >> senator: we continue to work on a bipartisan basis. senator king and i have been working with the senator alexander and senator murray. we've offered to assist them in
trying to find a bipartisan solution to get us up to the point between now and 2020. it means providing direct congressional authorization for the use of the cost sharing arrangements, the csr's and then along with that a relaxation on the guidelines under section 1332 which are the exemptions that allow the states more of an opportunity to actually make improvements and pick some of the problems currently in existence. this works very well with what is currently going on with senator casey and senator graham 's bill and the two are not mutually exclusive so i like senator casey and senator graham 's bill. i think long term it's the best solution. it would be done on a partisan basis. the plan that we're working on right now would be a bipartisan approach to get us by a couple of years where we'll have people that really get hurt if we don't do something about those cost sharing arrangements. it's about 7 billion a year. >> maria: what about tax reform? you heard kevin brady at the top of the show. people are worried if a bill
gets to the senate and the senate once again stops it. >> senator: but we have a real interest in seeing a tax reform but i think most people in america want to see something on the bottom line. they want to see the opportunity for job creation but just as important, they want more money in their paychecks, so i think if nothing else, i still suggest that if nothing else happens let's make a down payment on a reduction in taxes collected from the personal income taxes. if you just take two points off every single tax rate, people in south dakota making 68,000 a year, four individuals in the family they would have an $800 reduction in their personal income taxes. it would mean about $150 billion back in the economy that could be reinvested but we still have to do something about repatriation of the dollars outside and there's clearly between 2.5 and $3.5 trillion that could be reinvested back into the united states economy. it is critical that we allow that money back in and if not, we have the economy.
>> maria: so will you vote yes with 15% corporate tax rate then >> senator: i would be very interested at seeing a corporate tax rate at 15% but i also want to see something with the pass through corporation, the small businesses. if we go-- >> maria: that would be much more powerful i would agree with you and on the individual side are you going to vote to tax cuts for everybody including the highest earners? >> senator: i have no problem in offering a tax cut to everybody. if we can't get it for everybody i'll take what i can get. i'm open for discussion but i think the real issue here is trying to get more money back into the economy and that means all segments. it doesn't mean everybody has to have an equal amount of a tax break. as i say if you take a look at just two points off every single tax rate somebody in the 10% category right now gets a 20% rate of reduction. somebody in the 39% category doesn't quite get that kind of a reduction but they still get something to put back into reinvest in the economy. >> maria: that makes a lot of sense senator good to have you on the program. thank you. >> maria: senator mike rounds
, always a pleasure to see you thank you for joining us. >> absolutely. >> maria: what did you hear from kevin brady that gives you more detail about that plan next week >> well i think the big six, kevin brady head of ways and means as well as the white house and senate folks they agree on what needs to be in the tax cut. what there's still a discussion about is how much rate reduction , how much full business expensing, getting rid of the tax and alternative minimum tax are consensus issues , how much do you reduce individual rates and do you make it retroactive to the beginning of this year? a lot of interest in that, and what gets made permanent and what gets made temporary. so, the good news is all the ingredients, the pro growth ingredients, the tax reform there's a consensus on what you don't yet have is how much of each of the ingredients and how big the pot is. how much tax cut can you afford
if you go to current policy as opposed to current law. that's one way to have a larger tax reduction that's permanent, making sure you have accurate explanations of projections of how much revenue come from growth. that allows you to cut more tax rates permanently. >> maria: yeah. those are the debates that have to show a little ankle before they have the budget because a lot of republicans in the house are willing to swallow a budget that's not terribly attractive or aggressive or doesn't cut spending as much as i like because they know without the budget, you don't get tax reform , people want tax reduction reform but they need to be able to go to their constituents and say i voted for this budget thing not all that interesting but that was what was necessary to get to this rate reduction. >> maria: yeah but there's a real debate certainly among democrats about cutting taxes on the rich. the highest earners and grover you and i both know the highest
earners pay all the taxes, so if they're not going to cut taxes on the rich can you really say that's going to move the needle on economic growth since the rich pay all of the taxes? 70%. well, we know because 45 of the 48 democrats in the senate sent an insulting letter to the republican leadership saying we would like to work with you on bipartisan tax reform. it just can't be a tax cut, period. we're taking tax cuts off the table. it can't be pro-growth. that's off the table and it can't cut everyone's taxes. it has to pick winners and loser s so they've announced the democrat plan remember hillary ran promising more than a trillion dollars over a decade in higher taxes. obama's demand every time tax reform came up was 1.4 trillion in higher taxes. the modern democratic party wants higher taxes, the modern republican party wants lower taxes. tax reform as the president has said, we would love to have democrat votes for it but there aren't any democrat votes to pass it. >> maria: but we month that it's not just the democrats grover.
the republican party is also having debates and arguments over where this should go, whether or not it should be revenue neutral. >> well, they're healthy debates about how much is made permanent and that's where it's not revenue neutral it's deficit neutral in the years 11 and out. if you want any of the tax cuts it can be permanent, it has to be deficit neutral in after year 10. for the first 10 years as bush showed when he had a tax cut for 10 years rather substantial tax cut for 10 years it all disappeared. a lot of republicans would really like permanent. i like permanent too but i'd much rather have a 15% corporate rate for 10 years because i know darn well that when you get close to 10 years, the pressure on the congressman even democrats to extend good tax policy, pro growth tax policy will be overwhelming. now obama folded and gave us 85% , 90% of what we wanted on
making those tax cuts permanent even though he voted against them in the first place. >> maria: so do you think we will get tax cuts by year-end and do you think what's the most important element of this plan that you think will in fact move the needle on jobs and economic growth? >> sure. the three big job creators are taking the corporate rate and the pass through rate the sub chapter s, small business rate down as close to 15 as you can get. its got to be a substantial cut from 35 and 40 down towards 15. that's one. the second is full business expensing. that doesn't have to be permanent but if you do it for three years it will be so pro growth that it will like the research and development r & d tax credits will never go away and the third part is to allow american companies that have earned money overseas at three plus trillion dollars to bring it back to the united states immediately. that would be an incredible rush of adrenaline into the american economy and it will take money that's now overseas and bring it back to the united states and
it's our stupid tax policy that keeps that money away from america. we can easily fix it. the rest is very good but those are the three drivers. we will get all three because the republican house does not come back if they don't pass pro -growth tax cuts that give you solid growth going into the first six months of next year and the senate where the republicans could gain five, seven, eight seats you won't see those gains unless they deliver the growth that trump and the republicans promise. >> maria: so i think they know that and they want to get this done by year-end. sounds like you agree we will in fact see that in the coming months. >> yeah, politics and economics combined to say this has to happen. >> maria: exactly. grover good to see you thanks so much. thank you. >> maria: grover norquist. at the top of the hour media buzz. >> good morning maria president trump dancing with the democrats as friends chuck and nancy getting rare positive press except from conservative pundits
getting betrayed and espn boxing the situation after one of the host calls them the white supremacist and some blame the white house and that hillary tv blitz for her new book seems to be a lot of slowpitch softball coming up on mediabuzz. >> maria: we will see you in 15 minutes thank you meanwhile the president meeting with those top democrats talking immigration reform our panel will break down the potential deal over daca when we come back looking ahead on sunday morning futures back in a moment. what started as a passion to make something original... ...has grown into an enterprise. that's why i switched to the spark cash card from capital one. now, i'm earning unlimited 2% cash back on every purchase i make. everything. which adds up to thousands of dollars back every year...
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steve forbes is chairman and editor of chief and forbes media good to see you. >> good to be here. >> maria: a lot of people getting unnerved nerved by the meetings with chuck and nancy over immigration, taxes, healthcare what's your take? >> i think it's good news. i don't think we should get un nerved. we had a president for eight years who liked creating controversies about immigration, liked inflaming it as a political issue. maybe we have a president who actually wants to solve the problem so you look at a president who can sacred inly to his voters that i am enforcing the rule of law at the border but also, reach out and say for people who are law abiding and want to work here, let's let them in. >> maria: i guess, yeah, one of the issues is people are wondering if the president is going back and forth on some of his issues. first he said we have to have the rule of law. we're going to make sure to deport and we're going to make sure that we are following the dreamers act but if you're here
illegally you're not staying and then change. >> yeah, well i think okay, obviously build the wall pretty clear kind of one of his signature messages but i think of course people understand what he was, i think what he was really saying and what they want is we're not going to have a culture of law lessness at the border or by the president. you remember president obama basically creating a policy outside the law. if that's over, i think and president trump can show people as he can that illegal crossings are coming down, i think he's got a lot of room to maneuver on what would we like immigration policy to be when we have a secure border? >> maria: what should it look like, steve forbes, and also it could be a message that the president is sending to the gop. you can't get this done. i'm going to get this done where i can. >> well i think what he did on the debt ceiling was a good thing in the sense there was a slap in the face to the republican leadership and the cobias.
get your act together. that's going to be good in this tax thing that's going to be coming up in a couple of weeks a week or so. no more of this so that's a good thing and the immigration thing the american people on the so-called dreamers people who are brought in by when they're mine turpitudes i think most people support yeah they should have not be deported. >> maria: this is the only country they know. >> yeah, so i think there will be legislation on that but i think trump also recognizes that unless you get a big fat tax cut and the economy is visibly feeling to be doing better not just the gdp number every quarter and people don't feel it , what they really feel it that sets the stage one for more political capital and two, it lowers everybody's temperature. >> maria: but even there, steve, come on. the president keeps reiterating all week last week i'm not interested the highest earners. i'm not cutting taxes on the rich even though the rich pay all of the taxes so is he chang ing his tune when it comes to tax cuts as well? the key thing is what you actually get done. i think he's just right now,
saying the emphasis is not going to try to be the democrats always say you're trying to help the rich and so he's trying to take that off the table but the key thing is on the tax side, you're going to have to do it across-the-board like ronald reagan did years ago. you're going to have to also do something with obama and the republicans did six or seven years ago to make sure everyone feels their pay is going up as perhaps take two or three points as they did a few years ago off social security so everyone feels their pay is going up. you do something like that, people don't care what you do at the top. they just want to feel my life is getting better. >> maria: that's why making it retroactive would also make people feel that way. >> and that way it doesn't matter if you pass it in december if it goes back to january 1, good. >> yeah, i think what they got to realize here, i think they're getting to this understanding is you got to grow the economy so a year from now if people have more jobs, they are going to care less about immigration. they're not going to care what the rates are on somebody else. if they are seeing improved job
prospects, a better economy if their business is thriving, this kind of politics of envy we've been in for years now it really recedes. >> maria: we'll take a short break and come back and take a look at next week. stay with us on sunday morning futures. it's ok that everybody ignores me when i drive. it's fine. because i get a safe driving bonus check every six months i'm accident free. and i don't share it with mom! right, mom?! righhht. safe driving bonus checks. only from allstate. switching to allstate is worth it.
>> maria: welcome back. we are back with our panel steve forbes and james freeman, and steve you do expect the republicans to get a tax bill across the aisle. >> absolutely. big fat tax cut, why? because they don't want to become uber drivers after next year's elections. they know if the economies not booming they will have to as
they say pursue new job opportunities. most of them don't want to do that. >> maria: you're expecting it by year-end? >> yes. >> maria: james? >> retroactive. >> yeah, i'm a little concerned just because a lot of the rhetoric has been about how they're going to revolutionize our tax system and fax all of the problems and that to me sounds like a 2019 project. i think if the focus on cutting the rates, getting a big cut in that corporate rate especially get job growth going, i think they will be in good shape. >> maria: a lot of the white house people are out today trying to defend the president on this climate change story. last night, the wall street journal reported that the president, there are some people in white house saying maybe he won't withdraw from the paris accord. i actually tweeted out the story last night from the journal as soon as i tweeted out that story it said and now this, the journal saying that maybe the president is thinking about backtracking. sarah huckabee sanders tweeted back at me and said the president has been very clear we are withdrawing from the paris accord unless we get better terms. i'm just wondering if you think
these meetings with the dems is changing his mind on all of these things. you always have to worry obviously donald trump was a new york liberal for much of his life and so its always been a question of where is he philosophically, but i think the statement from sanders is pretty clear which is exactly what he said when he got out of it is, you know, we'll listen if there's a better deal we'll consider it but if it turns out he gets out of it i think people are going to start asking again, you know maybe steve bannon was serving something of a useful role in the white house in terms of pressing conservative policy. >> maria: you mean if he doesn't withdraw from paris if he stays in paris? >> if he stays in paris. >> maria: what do you think steve? >> with this whole daca thing? >> maria: yeah. i think he will stay out of paris. you can do daca, upset the base a little, but if you do two, too much. >> okay just in terms of upsetting the base we talked about the credibility he has. u.s. customs and border protection says illegal cross
ings year-to-date down 24%. >> maria: wow. down 41% last month, so this is what gives donald trump credibility when he does deals on immigration is to show people , i am enforcing the border. >> maria: that's really good numbers i'm glad you brought that up. steve? >> yes, and this also means in terms of the whole paris accord thing. he's sounding reasonable. if you come up with something pro-american, since we're the only ones reducing emissions in the world, not much they can do, so it's a face saving way for the europeans to say well maybe he will go our way. he isn't. he can't. well you look at the rebound in coal country. >> maria: good point. you look at everything, i mean the economy is kind of slowly, we hope, kind of getting out of the slow growth obama era but one real bright spot has been energy and specifically coal, and you look at the rebound in those areas it's really hard for me to see him saying oh, just kidding. actually i'll put you out of business just like obama and hillary want to. >> maria: that would be, that
might lead to uber. >> [laughter] >> maria: gentlemen good to see you both. james free man, steve forbes there that will do it for us thanks so much for being with me i'll see you tomorrow morning on fox business on mornings with maria 6:00ge a.m. be with there. stay with foxra news. here is mediabuzz, next. retirement. i help you get organized so your money could multiply. see? got it. who's he? he's green money for spending today. you know, paying bills, maybe a little online shopping... makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. ..
howie: president trump pushes an immigration deal with the democrats. he's hammered by the conservative media. >> i'm asking you who voted for him. is he this tone deaf? does he not know what got him elected? i'm telling you some of the staunchest trump supporters are out there and they jumped ship. >> republican leadership in congress, they have failed miserably and at every turn. >> for sure the hard-core trump supporters and the conservatives are ver