Pace for their best day in the month of november. And as mentioned, this represents a rebound. The averages were down two days in a row. S p 500 down last week for the first time in nine weeks. We see some buy the dip action. This is on pace for its best week since about seven weeks. Strong action. And in fact, we have a bloomberg terminal, although i do not see it, it was showing the fact this is really stands out, the russell 2000 was generally weaker. Here it is. Lastue, the russell 2000s record high in october, taking a slide. Investors were worried about tax reform. At 15,a white, the vix, then at 16, suggesting it could rise more. Despite the strength from today, russell 2000 could be looking at more volatility ahead. Time will tell whether the dip buying will prove true. And the minor pullback for major averages. Taken a look at top stocks for the s p 500, we are looking at walmart and apple. Walmart up more than 8 , beating estimates in a big way. 54 is how much the online sales grew. So walmart is doing very well. Cisco putting up a good quarter, up nearly 6 . What the investors like is the forecast for the next quarter, it is the first sales growth in 8 quarters. Cheeringinvestors are that inflection point. Apple is up 1. 3 . And hedge funds positive on apple, favored by 33 hedge funds. Finally, oil is all over the map. Here is the intraday chart. It was lower, then higher going down half a percent for the third day in a row. A lot of uncertainty about what the opec meeting will lead to a november 30. And right now we see oil going back down. Investors looking for a bit more direction. Also after the department of energy numbers from yesterday, and of course we had the iea report earlier talking about the fact 2018 demand could be less than investors were looking for. Julie thank you. Uncertainty on capitol hill, the house expected to pass tax legislation today, but tax reform facing a stumbling block in the senate. Ron johnson of wisconsin was the first to come out against the bill. President trump reached out to him last night and in the white house says they are working on the issues, that will the first open the door to more opposition . We are joined by alex and laura davidson, who is a reporter for bloomberg, she is on capitol hill. Alex, we will start with you. Ron johnson is a no. The president is trying to lobby members of congress on this. What do you think will be the outcome . We were told earlier that they can only afford two nos. No onron johnson was a obamacare repeal, until he wasnt, he ended up voting for it. The white house thinks they can get him on board. Donald trump is at the capital today talking to House Republicans about their bill, which goes to the floor this afternoon for a vote. The white house is confident they will have the votes in the house to get it through the chamber and as you said, the senate kind of a mystery right now, we do not know what they will vote on. Shery hold on one moment. We have Kevin Cirilli there on the hill with a congressman, congressman cole of oklahoma. Kevin we are here with the congressman. What did you and the president and the caucus talk about . It was the president speaking to the caucus. Pretty exciting. It is a historic day for us, people have been working very hard to get here. We have not accomplished Something Like this since 1986. The president spoke about how important it was to get this done and what it would mean for the country, the opportunity in front of us. And a lot of things that could come after. Kevin did he take a position on the individual mandate. He did not. He made it apparent he thinks both packages are good. He knows there is more negotiation to go and i think he will be heavily involved in that, but like a good negotiator he will not tell you anything up front. Kevin what about ron johnson, the republican, concerns about that . I think he has ligament points he makes i do not think there is anything there he cannot be dealing with. We want to get the yes. He is open to negotiation. It is a tricky issue. We think we improved it a lot during the ways and Means Committee deliberation, but we are open to additional suggestions. Senator johnson is a successful business person in his own right, anything he would bring to the table would be seriously considered. Kevin will it get done before christmas . Absolutely. Kevin we know youre busy. Thank you for coming on. Back to you. Shery thank you so much for that. Background on congressman cole, a republican representative from oklahoma. We are going back to alex and lauren. Laura you are on the hill. We know that House Republicans cannot lose more than 22 votes there. Already yesterday, we saw 10 representatives were against the bill because of the state and local Tax Deductions being repealed. What do we know today . Laura it does look like the republicans will lose about 10. Donald trump did some armtwisting last night. When they come to compromise on the bill, will the house and senate be able to keep it under the 22 republicans that they cannot lose . In the house, there was a compromise, 10,000 property the dutch in on state and local taxes. The senate totally repealed that. They said yesterday if they go below the 10,000, i am a no. Some of the yeses could turn into nos. Julie we just heard a little bit about the president s meeting, which was relatively brief with the republican lawmakers. So what is the sentiment around whether he will be able to help unite these folks for a vote . Alex he was not in the room very long at all. I think they probably got the votes already, he did not need to come in and make promises or twist arms, or parade the members to get out and vote. I think it is locked in. He was rallying the troops today. Shery that also happened earlier this year with obamacare repeal, where he had the house votes and not the senate. How are we looking now . Onx the house was dicier that bill compared to the tax bill. In the senate, again, it is really uncertain, they do not even have legislative language over there, we do not know exactly what will be in the bill. They talk about throwing in a partial repeal for obamacare, which would complicate matters in the senate and the house. Julie what is next . We know we could have a vote as soon as today. Laura it looks like the Senate Finance committee will approve the bill on their side by the end of the week. Then they are looking to vote on the senate side after thanksgiving, so three things they really need to adjust, because you have senators expressing concern. Ron johnson on the passthrough, on the Small Business issue. Susan collins expressing concern over the individual mandate. And senator corker and senator flake are concerned about deficits. There is a wide range of issues, remember you can only lose two of them, so it is a balancing act. They may be able to work on that next week. Also when the members are gone for thanksgiving it will allow staff to maybe come up with a solution that could go to the floor on the senate for the last week of november. Shery we know the tax cuts will not be phased out, some of them talking about individual tax cuts on the senate bill, also for a passthrough, that will be expiring by 2025. Will this be updated trump . . All will bep they oppose the bill. Many voters do not like the bill and i think 15 believe it will benefit the wealthy, not the middle class. May have a lot of ground to make up on that count. The two of them for the middle class, expiring in 10 years really does not help matters for the white house. Bloombergx and laura, tax reporter on capitol hill, thank you to you both. Shery now a check on news this afternoon. Mark crumpton. Mark first Time Applications for Unemployment Benefits in the United States rose to a sixweek high. It may have to do with volatility around the veterans day holiday. The initial jobless claims rose to to a to 49,000, still continuing claims fell by 44,000 to the lowest level since december 1973. Pope francis urging lawmakers to make sure the Health Care Laws protect the common good. In a message to a medical association, he expressed concern that only the privileged can afford sophisticated medical treatments, particularly in wealthier nations. Without naming any specific countries, he said that health care lots should provide for the most vulnerable. Prosecutors in the trial of two women accused of killing the halfbrother of the north Korean Leader couldnt finish their case in the Second Quarter of next year could finished their case in the second coat of next year. It began on october 2. The two suspects pleaded not guilty, but prosecutors say they conspired with four other people to murder him and fled in malaysia on the day of the attack. The death toll from flooding in greece has risen to 16. Rescue crews recover the body of a man reported missing on the outskirts of athens. Andeople are hospitalized the search continues for another four people reported missing after flash floods devastated the western fringes of the greek capital yesterday. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Back to you. Thank you. As house gop leaders prepared to vote on the tax overhaul bill, experts are keeping an eye on development. Shery the new york road chief joined by aby, guest with the unique insight into new york citys property. Jason hi. Yes, i am here with a guy that knows about all the things you are talking about, and a thing or two about real estate, stephen ross, the chairman of you have a lot to talk about here in new york. Certainly a lot to talk about at the conference. Quickly on the news, how does a new York Real Estate guy, Global Real Estate really, think about everything happening around taxes . Stephen ross a lot of people are looking at it like it is inevitable. Those looking into it are looking at all the areas where they will be impacted. And how negative the impacts might be. I look at it and i see the issue with affordable housing. There is such a need in our country, especially in new york city, and with the elimination of tax exempt financing it will eliminate credits and tax exempt bonds for affordable housing. Obviously, we create change and we have a lot of people who do not like it. Because it changes things and people do not like change. This will have a lot of impacts and we will need to figure out how to do it. The issue is changing things and there is not enough money to really kind of subsidize you in the areas you are taking away, where there is a need. There are a lot of concerns. Jason a lot of the buzz at the conference is about your big project, one of the biggest ever to be conceived and developed, which is just west of us. A lot of superlatives around it. What have you learned so far . Stephen ross you do something so impactful and it gets everybodys attention, certainly. What we were looking to do is create an environment. Today when you look at major cities and the growth of cities, you see so much congestion, how much can they handle there our people coming in, new jobs and New Buildings and everything else. We see that and without heads and yards hudson yards would be a way to create a live and work environment. Other cities will adopt it, adopt maybe not the necessary impacts and but the the Lessons Learned on how people react to it and how to improve quality of life. Jason one thing that struck people as interesting, especially in new york, the corporate names you have attracted to move in. Blackrock and kkr, names associated with wall street. What was the pitch . Stephen ross today, people and Companies Grow themselves, it is all about talent and really the search of and acquiring talent. Therefore they have to have the be able toldings and deliver the kind of services that can work in this type of atmosphere. So many buildings are obsolete. In new york, 60 of the buildings are 50 years and older and they were not built to operate the way that corporations operate today. Also, this is where the young people wanted to live. By building it in the hearts of that and creating a hub, they will be able to attract young talent. I think it is a combination of those, corporations that were looking ahead and wanting to and they are leaders in their fields, and we got them from every field in new york, not just one sector. Jason especially building a product of this scale, what you learned about the new world of retail and people wanting experiences and shopping online, how does it play out . Stephen ross so much is written about the demise of retail, but 8 is bought online. Certainly, people want to go out shopping as a form of entertainment. It will be and always has been. So by creating experience, something different. What has happened with retail is there has been so much of the same thing. There is nothing new. Wante want to change, they something different. That type of retail is doing well. Most retailers embrace that and they see that. From a real estate standpoint, creating the retail environment, it is important. Making restaurants an exciting place to spend your time. Not like youit is are going there for a specific reason, it is impulse buying. If you are going for a specific reason, it is better to buy it online because it is more of a commodity. Jason you put a lot of emphasis on food and restaurants. How much does it play into the real tale into the real world . Like iced o go,hen ross people want to you want to create different experiences, not just chain restaurants. We do not have those chain restaurants. These are like hand curated restaurants with great chefs. At the same time, looking to create experiences within them. We have a plaza. We are becoming the icon for new york for the 21st century. You will not want to come here without wanting to walk through the top of this. 155 feet high. And at the top we have an observation deck. And we have these experiences up there that have never been done before. It is all a form of entertainment. And people watching, that is a form of entertainment. Jason you are obviously the owner of the miami dolphins, a lot of talk about Roger Goodell how do you think he has done as commissioner . Stephen ross i like him. I think he has done a good job. These are different times and pressures are put upon him today. There is so much talk about compensation, jerry jones. I love jerry jones, he thinks outside the box. A lot of it has to do with the suspension. But over all when you look at what is going on and how important the nfl is, there will always be a target what are they doing . And how do they make news . The easiest way to make news is the talk about the nfl. Jason i appreciate you answering the question. Stephen ross, great to be with you. We will let you go back to the room. Shery great interview. Thank you so much, jason kelly. Sweetening a bid for rockwell. A third proposal. We will review the latest details. From new york, this is bloomberg. Shery welcome back. This is bloomberg markets. Sonie msn has made a emer has made a third bid for rockwell at 29 billion, representing a 3 premium to the share price as of october 30. Rockwell is a leading supplier of software and control for Assembly Line operations. Joining us is ed hammond. Ed, this is the interesting back and forth that we see. Do we know if the deal will get done . Analysts are pushing back again on whether it makes sense. Ed the reaction today would also suggest it makes sense, if you look at it since the offer came in, down 11 . This is difficult to see getting done. In terms of culture, i think rockwell has fast growth, a tech company. Emerson has a traditional conglomerate. They are in two different places. I would say that the offer is substantial, if you look at it on any basis, either traditional. It is a full price, i guess it raises the question on whether emerson has much more room to bump up or will do something to make it more attractive. Emerson what happens shery what happens if they cannot go through with the deal, who can emerson buy . ed there is not an obvious second choice. Somehas been speculation that this is a desperate deal for the ceo of emerson who is probably saying they are focusing on the small ones, then the next day he makes it 29 billion offer for rockwell. This is speculation he could be tried to build a legacy project. He could purchase some lower stuff, but there is nothing really out there. Julie what do we hear from the rockwell shareholders . Have they indicated it would do this at a particular price . Ed it is one of those never say never things. They are going to be looking at everything. They said on this deal, the sense we are getting from them is they do not think these companies go well together. They think that emerson is big and clunky. Culturally it does not fit. The other message we got from shareholders is they do not feel like emerson stock, a material part of the consideration, is as good as emerson is inclined. Shery aside from this being a legacy deal, why do they want this company . Is it for Growth Potential . Ed i think a lot of it is Growth Potential. This area of automation is something that emerson has been building and this would take them into the next step in terms of scale. They are also looking at synergy. Probably about 6 billion. What they do not talk about is what it will equate to in terms of jobs. They said they would be committed to milwaukee, but there would have to be cuts. And it is interesting. Trump and heo spoke about how important a Manufacturing Industry should be in terms of creating u. S. Jobs. There is a mixed message in terms of trying to do a deal that would result in job cuts. Julie we will see what happens. Ed hammond, thank you so much. Emerson lawmakers shery lawmakers gearing up for a vote on tax reform. Passing the bill could be crucial for u. S. Stocks in 2018. Kathleen joins us next. Stay with us. This is bloomberg. Shery live from bloomberg world headquarters. Julie on julie hyman. Shery this is bloomberg markets. A quick check of the major averages. U. S. Stocks rebounding from a selloff we felt for a couple days. Dow jones up 9 10 of a percent, volatility is subsiding. Vix losing ground after five days of gains. S p 500 up 9 10 of 1 . And we are at the highest in a week. S p 500 stocks rising at the moment, this is the broadest rally in two months. The nasdaq up 1. 4 . We have not famous in a while. Julie the nasdaq is that a record today. It is expanding. Shery a good rebounded julie indeed. First word news. Mark in los angeles radio news anchor has accused democratic senator al franken of forcefully kissing her and groping her without her consent. They were on a military sponsored Entertainment Tour to the middle east in 2006 when it happened. Al franken says his memory of the events differ, but he because of a photo he appears to grab her while she was asleep. Mitch mcconnell says the Ethics Committee should review the matter. The u. S. Military would be able to gain quicker access to medical products for soldiers on the battlefield under a compromise passed by congress. The fda would remain the on the federal agency the only federal agency capable of improving the projects. It is a measure in the defense spending bill that would have allowed only the pentagon to approve products for soldiers in emergency situations. It would have upended 100 years of trusting such a reviews to the fda. The compromise was passed on wednesday by the house and of the senate today. A committee is overwhelmingly approving a resolution calling on authorities to end military operations against muslims in burma, to ensure their return and grateful citizenship rights. Those in the know includes china, as well as russia, the philippines and laos. The resolution is going to the full General Assembly for a final vote in december. And International Aid says extreme hunger and disease is killing an estimated 130 children or more every day in yemen. Save the children says the continuing blockade by the Saudi Led Coalition fighting shiite rebels is likely to increase the death toll. The group says more than 50,000 children are believed to have died in yemen this year alone. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Julie . Shery breaking news, the white house is said to consider budget director Mick Mulvaney as interim head of the Consumer Protection bureau. This comes after Richard Cordray stepped down as director of the cfpb on wednesday. It was founded in 2010 after the financial reform bill known as doddfrank, regulating the banks and financial copies and how they react to consumers. He is stepping down and we are not hearing that the white house is considering Mick Mulvaney, the budget director, as interim head of the Consumer Protection bureau. We will give you more details as we get them. Julie u. S. Stocks as we were talking about, are gaining the most in three weeks. The s p 500 is a region of a record. The nasdaq is at one. President trump rallying for support earlier on capitol hill as they prepare to vote on the bill. Through sentiment could come when the senate votes. Joining us is Kathryn Rooney vera, head of research and chief global strategy at bulltick capital. You said tax reform is critical for the rally. It is interesting, excuse me, the opinions seem to be split on the issue. I spoke earlier with the head of Deutsche Bank who says that profits will head the rally. Kathryn i loved the interview. I agree, but i would add one thing. He said u. S. And Global Growth would support earnings. What is the dollar go, that would be important for s p 500 and its trajectory. I would add tax reform. Everybody has hated the rally, despite the gains of 15 . I would add tax reform because 2q at an average of 11 year after year. But last year it was low base. To continue doubledigit Earnings Growth you need to grow the bottom line. You cut costs. Shelling out less cash in taxes will produce savings, so i think that is critical. Shery we are now hearing that the president is supposed to be meeting with the Senate Majority leader Mitch Mcconnell and paul ryan. He will be meeting with them very shortly. Of course, this comes on the background, we have a situation where they have to convince all lawmakers to come along with the plan. It is hard because of state and local Tax Deductions. Repealing it, many do not like it. You think it would be good for the economy. Kathryn it brings accountability to high tax state legislators if this is on the taxpayers to pay the taxes, rather than first among the country. It would put pressure on the downside on state taxes. From new york and new jersey, the pressure is nothing but up. It is less to do with salt deduction and the repeal in the house, because the house is locked up. The question is with the senate and if the individual mandate elimination will cause contention. It has. I am interested with the senator from wisconsin, who we saw last night, ron johnson. I met with three congressmen and i asked him what he thought about that . He said when it comes out publicly, so aggressively, it is difficult for him to go back. I have heard that they are working on him. Shery he is not talking about the individual mandate, he is saying the tax bill will not help Small Businesses. Does he have a point . Kathryn it is an interesting point. The senate bill is an improvement and we have seen Small Businesses come out in support of the senate plan because it makes improvements with passthrough. At the end of the day, passthrough we all know that small and Medium Enterprises are the generators of job growth in the country, so this tax bill disproportionately benefits of the generators of jobs in the country, so it is google for potential growth, Earnings Growth, and for upside for the s p 500. Julie at the same time, there was a roundtable of ceos this week and i asked , will you spend this all on cap x. And very few of them raised their hands to indicate that they would. There are still questions about what real effects this will have on the economy. Kathryn of course. I have heard that and it is much discussed, but remember that the oecd average is 22 for Corporate Taxes, and we are at 40 . So that in combination with the taxes, it will allow a lot of cash to come back my about 3 trillion cached to come back, about 3 trillion. And included in the senate and house plans, to have immediate deductions on factory and cap x spending today, it gives incentive to invest in it. So it will not just be equity buybacks, you will get cap x. If companies have more cash in in their pockets they will invest and they make will make additional hires. Shery the house will start voting between 12 55 p. M. And 1 10 p. M. Eastern. This is a house vote. We still have the senate plan that has to come out. One of the provisions on the Senate Tax Plan is the Corporate Tax cut will be delayed until 2019. How much of that is priced into the market . Will we see another letdown if it is incorporated into the final bill . Kathryn it is already in there. We still have the market tick down on the s p, we saw the market move on the delay. I think one year is not a big deal. The big issue i am telling all of my clients is this has to be permanent. That is what makes it potent. Meet theare unable to bird rule byrd rule, the market corrects. And the market corrects everything that has arisen since august, which is when consensus started building that tax reform was going to happen. Julie we will see. A lot of optimism from Kathryn Rooney vera. That is. Eform happens, thank you so much. Shery one step closer to tax reform happening, the house will start the votes on their tax bill between 12 55 p. M. One 10 p. M. We will bring it to you live. Tesla coming up, ready to unveil a heavyduty truck, all electric, with semiautonomous tech. Will they be the one to get Driverless Cars on track . This is bloomberg. This is bloomberg markets. Im shery ahn. Julie on julie hyman. Shery the tax vote coming up in about 10 minutes, 12 55 p. M. Until 1 10 p. M. , that would be the house voting on the tax bill. They can only afford to lose 22 votes for it to pass. We will bring you more details as we get them. Julie back to the markets. Rising as much as 6 today as a competitor got approval for a drug that analysts have expected to be better. It gives them a sigh of relief today and a boost in the stock. This is shire. Taylor is here to tell us about it. What happened . Taylor the competitor had a drug approved by the fda, but you have to put in there a warning label that you are at risk of severe blood clotting. Investors ashire little bit of a sigh of relief today, theyre having their biggest oneday move going back one year. Perhaps sales from the competitor will not be as bad as expected, so it is driving the stock today. You look at hematology, the drugs, what it means to shires sales, it makes up about 45 of their specialty pharma sales. It makes up a lot of their revenue. Important for them to keep an eye on competition, as well as drug pricing. The headline came out about drug pricing, i believe it is competitively priced on this new drug, but i will do more research. Perhaps a five relief for shire today. Julie and they were looking at top 5. The rated it the what is the outlook for shire . Taylor they graded it within Market Performance on the u. S. Depository. And in the european sector, that was their top buy. So a lot coming in when you look at the pipeline going out. There is a good day for the bio techs. Julie Health Care Shares part of the rally today. Taylor, thank you so much. Shery we are talking about one company, tesla, expected to announce an all electric heavyduty truck today it will be partly autonomous. Elon musk tweeted about the unveiling this week, saying this will blow your mind out of your skull. It is from an alternate dimension. Joining us is david. David, strong words from elon musk. What are we expecting david we expecting . David we are looking at a truck that can go so many miles on a charge. Milesof rigs go about 500 a day, so this is a pretty good chunk so it would have it feel. We do not know appeal. We do not know a lot of the specifications. We do not know how much the battery ways. Weighs. But it could make trucking cool again. Burtreynolds drove reynolds drove one in the 1970s. Maybe if tesla has one young people will want to get into the profession. Julie there was an article in the New York Times about the difficulty finding the new generation of truckers. You are curious on how much of the battery will weigh. What about the cost of this thing and hel and how it will compared to existing rigs . David it will not be cheap. You have to look at the total cost of ownership. Will it be cheaper than filling up an existing rig . It might be economical, although the vehicle itself will probably cost more money. The other side is, how economists is it how of isnomists i autonomous it . Maybe there are a lot of features that make it safer on the road, because when you are driving for eight hours you get tired and distracted and if it can drive itself or at least keep a driver from going into another lane, that is a good thing. Shery some analysts have said that tesla has been distracted with a truck, that they should focus on their primary objective. Do you think this will be a side project that will distract from what they should be doing right now . David it could. They have enough difficulty getting up a model 3. They are trying to get 10,000 per week. It looks like they will only hit half of what they said this year in terms of production, and that is really the car that will bring in the cash, really getting the vehicle into the hands of a lot more people. You are talking about businesstobusiness with this type of rig. It is a very lumpy market. Sometimes there is a big demand for trucks, sometimes not. Teduarter of automa fueling this is a good development. In terms of tesla, all eyes are still on the model 3. Julie in terms of production, doing with the supply chain looks like for the truck side of it . David we do not. There has not been much a detailed other than elon musk saying it will blow our minds. He has talked about the range of it. We do not know about the supply chain. It is something they will have to develop. This is a new challenge for tesla, because they already have a supply chain of companies that sell parts for the regular cars and suvs that we drive. And they have a supply chain for the batteries, so that will translate over to the rig. The rest of it, maybe not as much because a lot of suppliers do not do the big parts. For some parts it is more specialized. Julie ok. David, we are looking forward to the revelation of the details we are talking about. Tesla shares up 2 . Shery the house vote on the gop tax bill, that is expected to happen very soon. You are taking a look at live pictures from capitol hill. This is bloomberg. It is easy to vote for a tax cut. Welcome to bloomberg markets. David im david westin. Shery we are waiting on the votes in the house on tax reform, we know it will happen between 12 55 p. M. And 1 10 p. M. Eastern. House republicans can only lose 22 votes for it to pass. David it will only happen when that man stops talking, number two for the republicans in the house of representatives. We are joined by megan murphy, great to have you. Thank you for having me. David dont we think we know the answer for the house . It will be interesting to see how many holdouts we get, but obviously they will not lose. We expect it to pass. The biggest debate is on local deductions and the higher taxes. Shery and President Trump has been walking through congress, he addressed the gop house members earlier, trying to rally support. How much influence does the president have at this point back from his asia trip . Anytime you see the president come to the hill to make a personal pitch, you see him joined by the Vice President , the house it does not look like this will be the biggest issue. We have seen things with the senate bill, what it will do with obamacare and other issues and how it will affect middleclass households. Advanceate is likely to today and likely face hurdles. David he met with Mitch Mcconnell on the senate side today, the senate is much more open today. It is much more open right now because of late changes to the bill, in particular a revision that would repeal the individual mandate in the Affordable Care act. We all know the failure of the attempts to repeal obamacare and the torturous process. Some were surprised they would put this in. One thing that was interesting, during the course of the Health Care Debate many people became much more aware of the benefits of obamacare and i think that republicans will rally support against the bill by pointing out this, and making sure it is Affordable Health care for those in the lower income brackets in the country. Shery this is the House Minority whip. He said earlier that none of the 194 democrats in the house would vote for the bill. Now it comes to the senate as well, and we know that the majority leaders were trying to get democratic votes at some point, but the repeal of the individual mandate, does that kill any support they couldve gotten . I think they were not going to get support in any form and it goes to the larger politics of the bill, if you look at both bills it is undeniable it is a tax benefit for the nationss wealthiest and it is a Corporate Tax cut. That is what it is premised on. Cutting the taxes. Obviously my Many Democrats are opposed to that without broader redistribution of income. But things were running high in the senate with the inclusion of the individual mandate. They use it as a centerpiece for delivering Affordable Health care and core also to a belief they think politically is a nonstarter. Look at the tuesday before and virginia, the voters saying health care was the primary reason they voted and it was important for the governorship race. David we are bringing in kevin. We are talking about the individual mandate and problems for the senate, but at the same time they could go along with the house version, with the 10,000 deduction on real estate taxes, which as you know the chairman of the house and Ways Committee said it was essential for passing it through the house. Essentialsaid it was and it comes as there is pressure on republicans in the senate to weigh in on their position for the individual mandate. Here in the senate there is a heavy security presence as the president departs, meeting with Mitch Mcconnell as well as House Speaker ryan. I caught up with a republican from oklahoma, representative cole, and i also spoke with several sources, they said this was largely rallying the troops, getting everybody on the same page. This is expected to pass within the next 1. 5 hours out of the house of representatives, clearing the way for the senate. I am told the vote could come as early as the week after the thanksgiving break. On the issue of the individual mandate, the same political battle lines we have the following. Those like senator collins from maine, they will ultimately need to decide whether the grassroots in their states, their constituents, are going to be on board. Then you have the issue of senator ron johnson, republican from wisconsin, a state that President Trump carried during the race, on the issue of tax i am told by folks that they are happy with what ron johnson is doing, because they feel he is trying to recharacterize the issue of the passthrough ideology as something for Small Business, something for democrats, something they have hammered the republicans on, arguing the tax cut will only help big business. David just to remind ourselves, the margin in the senate is only two votes right now and it may not hold up. Each votes, ron johnson, they only have one more to lose. Trumpports are president had a talk with ron johnson and maybe the white house could move towards him. It does seem like there was a conversation like that, the passthrough for Small Businesses in characterizing this, there needs to be a change smallport those who own businesses and we should only have a bill that delivers big tax breaks for multinationals, which we will see out of this bill. Ron johnson is hitting also been a democrat have been hammering on. We will also look at individual tax rates, whether they deliver on the process of cutting tax rates for everyone. Time, Something Like repealing the individual mandate, could this mean a vote from him . Fan. Nator paul, no me that weesting to the point, when we look at the complexity of overhauling the tax cut and now calling and what could be a fundamental overhaul of health care, it is something that, thatforward weeks after is something that will be really trying to pick apart. It has been 30 years since we overhauled tax halls. Is anyone voting today that understands the bill . Rub it in. Republicans trying to tell the middle ground. They say this has been litigated and relitigate it for quite some time. There is a moment in them finance Committee Markup in which claire mccaskill, a democrat, going aggressively and saying where is the framework, where is the actual the literature on this. Republicans are saying, getting this done by the end of the calendar year. President trump left congress. He is trying to tout the tax reform plan as tax cuts for e