\[applause] good afternoon. Thank you so much for joining us. We are coauthors of the politico playbook. We are very excited for the event this afternoon. I want to thank all of you in the room and those on livestream and the cameras in the back who are joining us to have this great conversation with congressman kevin brady. Obviously the timing could not have been better. Hes chairman of the ways and Means Committee, writing the tax proposal that came out yesterday. So were going to be going into all of the details of whats happened so far, what to expect in the coming days. Thanks. Before we get started with the program, id like to extend a special thank you to our partners at the business round table for their support in making this event possible. Here to say a few words is joshua bolten, president and c. E. O. Of the business round table. [applause] joshua good afternoon. Business round table is pleased to partner with politico for this event and to introduce chairman kevin brady. Mr. Chairman, it has to be said, after decades of false starts and frustrated expectations, what an amazing accomplishment this week. Im speaking, of course, about your Houston Astros wing the world series. \[laughter] \[applause] on top of that, youve crafted a pretty damn good tax reform plan, one that provides substantial relief for workers, families an businesses. We at the business round table applaud your comprehensive approach. From the business standpoint, weve long believed that successful tax reform must allow u. S. Companies to compete and succeed in the global economy. Increasing investment and hiring in the united states. When the business round table surveyed our members, who collectively employ over 16 million people, when we surveyed them about how they would change their plans if the kind of tax reform plan the chairman brady has put on the table were enacted, 82 of the c. E. O. s said they would increase Capital Spending at their firm. 76 said they would increase hiring. Yesterday chairman brady said that the families who struggle the most have seen their pay checks leave for other countries. And that a 20 corporate rate would enable businesses to compete internationally and create jobs here in america. Business round table agrees. A recent e. Y. Study found that if the u. S. Had had a competitive corporate rate of the kind that chairman brady is proposing, the u. S. Would have retained 4,700 companies that fled our borders in the last 13 years. Mr. Chairman, we commend this important step forward in the process and we strongly support your efforts to deliver legislation to the president s desk this year. Ladies and gentlemen, house ways and Means Committee chairman kevin brady. \[applause] he did the introducing for us. We have time for more question he did the introducing for us. We have time for more questions. The most important question i have, being married to someone from houston, is where did you watch game seven . Or did you really watch it . Mr. Brady so we were finishing up the tax reform plan. The parade in houston is today so i have one more day to milk this tie for the win. Its pretty exciting. We were finishing finishing up the tax plan. Working on white boards on our design and i kept glancing at the tv but i was afraid. You know how when you look at a game and you think youll jinx it . I was glance and then stop. Finally at ninth inning, i said, ok, im all in on this. Yes. Ok. Anna lets start from 30,000 feet and kind of zoom out a little bit. Jake and i have been covering congress for a very long time. We see you in the hallway all the time. If you look back, republicans were saying the u. S. Should cut taxes on job creators. Translation for rich people. You have taken pains their cut taxes on the middle class and middle income earners. Talk about that ideological shift that seems to have happened and is much more populist rhetoric that were hearing. Mr. Brady i think we delivered that relief at every level. Its clear were really driving a lot to middle class families because they need it. As josh said, you know, emphasis on growth and making businesses competitive is also going to drive those paychecks. Its directly related. If you think about, it its different than the reagan era today. So the reagan reforms were all about dropping those rates. What you see us do is not only have a rate cut at every marginal level, we do a lot below that rate number. Clearing out the a. M. T. , clearing out the disincentives, what we call punishments as you work up. And making great emphasis to encourage more of that Business Investment in our passthrough areas. At every level there is tax relief. I think weve done a in a good, balanced way. But my advice, you know, as you look at this simple postcardstyle approach, which in washington, we may be cynical of this, in america theres this longing for it, look underneath the rates. Youll see an awful lot of good work done to help sort of get us out of your lives and you keep more of what you earn. Jake are we going to lets talk about that postcard. Are we going to actually be filling out that postcard and nothing else . Mr. Brady no. So here, when you add up your contributions, your savings plan, will you, if you have more than one added up on a work sheet, yeah. Youll exclude some of your income, like social security, or if your combat pay, you know, excludes so, well use a work sheet like you do today. Where you look at a table and write the number down for the postcard. Yeah. But the point is this. Can you imagine a code this simple so that we all know what each others deductions are . Because we have exactly the same ones. And we can name them. There is a power to that simplicity. It requires awfully bold changes. Weve gone very bold on that simplicity. Then well let the process sort of go forward from there. Jake some of your detractors would say you cut things like student loan interest, breaks on high medical bills. How do you respond to things like that and especially when people say that you say youre cutting taxes on middle income earners and those are things a lot of people use . Mr. Brady as we i think we addressed knows a really good way. Doubling that standard deductions incredibly important. Because most americans dont itemize. Theyre left out of tax reform usually. Now theyre front and center to it. We lower those rates as well at every level. The family, you should take a look at this family new Family Credit. Because its pretty remarkable. Its not only increasing the child part of that from 1,000 to 1,600, but adding another 300 for each the parents and another 300 if you have a child in college or a parent thats moved in. And its not just the number, which people are paying attention to. What we ought to be asking is, who gets to use this Family Credit . Today child credit starts to phase out 110,000. That leaves a lot of families out. So we double that to 230,000 before phaseout. So for the first time a lot of families are going to get help with their kids and these are tough choices. When you look at whether its medical expense, student loan, adoption tax credit, something near and dear to me because we are adoptive parents. These are tough calls and the call is this. Do we want a tax code that has special provisions you may use once in your life, or do we want a tax code that lowers rates and you get help every year of your life . That you choose whether you need it for student debt or for medical expenses or as we did, adopt our two children. So it is a big change from the way we have the code today. Anna talk to us about, as you changed this, taking on these hard issues, some of the traditional allies from republicans are against this bill. Whether its club for growth or some of the coke brother groups. Realtors. Homebuilders. Whats driving that . Mr. Brady i think its early. I think our tax reform progrowth groups are strongly supportive of this initial step. We saw that pouring in yesterday as well. Do we work to improve it at every step . Absolutely. The realtor, for example, and the homebuilders, and weve worked with the homebuilders on the designing new home credit. I think, you know, has great measure. I would love to see that considered in this process. But at the end of the day, look, nothing drives home prices and home sales and home values like a strong economy. Theres no substitute for it. So when you take where were at today and you add another percentage point to that, youre going to see those home sales and home values in a very positive way. Having said that, were going to continue to work with the homebuilders and realtors Going Forward. To see if we cant make that case. Jake lets talk about some of the nitty gritty in this bill and where things stand. A lot of things are in flux. Things will change in the markup. Theres been increasing discussion on the hill from members that we talked to about including the individual mandate repeal and fax reform, youve been skeptical of that. I know speaker ryan also wants to keep the issues kind of separate. It is a chunk of revenue that you might need and might be helpful to you. Where does that stand . Mr. Brady the president feels very strongly about including this at some step before the final process. Hes told me that twice by phone and once in person. \[laughter] anna message received. Jake youve heard it. Mr. Brady thats a trend. So and members have as well. So there is and weve asked for the updated score to see exactly what there is. Jake recently . Mr. Brady yeah. So there are, you know, pros and cons to this. Health care into a tax reform about debate has consequences. Especially one where the senate has yet to produce 50 votes on anything related to health care that im aware of. And so there is all those considerations to think about as were looking at this. So no decisions have been made. Were listening to the members and certainly the president as well. Anna to follow up on that, arent you concerned that health care could muddy the waters . You have so much momentum, republicans are saying, we need to get tax reform done, it would just bog down the process . Mr. Brady i dont know that it bogs it down but clearly youre bringing in a whole new element into progrowth tax reform and clearly were getting far more than 1 2 trillion dollars in tax relief. Were getting far more both because of growth but mainly because were clearing out so many different provisions in the code to achieve that. And so just, again, putting health care in that mix, you know, theres pros and cons. Anna lets take this lets take this bill issue by issue. There are a lot of things to go over in a pretty short amount of time. Lets start with the state and local tax deductibility. Mr. Brady what a surprise. Start with that one. Anna this has been a Sticking Point. Its an important Sticking Point because youre going to need some of these kind of new york, new jersey, California Republicans to get this bill passed. Tell us what the issue is and can you solve it . Mr. Brady lets start with the second. I believe we can. Jake thats a trend. Every member tells us whenever they have a problem, you always think theres a way to solve it. Thats a good demeanor to have. Mr. Brady honestly, i havent seen a problem yet that isnt solvable. Thats been brought to us. Some are harder than others. In this characters heres shoot. Sort of challenge how we tax today. So we keep rates high on everybody, whether you itemize or not. Then some use the state and local income tax. And then we all just sort of subsidize each other. Rural to city, middle income to higher income. State to state. Heres the question. Do we want to keep doing that . Or do we want to lower the tax rates for everyone and you just pay your own . So washington doesnt care where you live or where you work, thats your call. We just have low rates. It is a big change from where were at today. So heres how we tackle the problem. Were not restoring state and local income. We are restoring state and local property tax up to that 10,000 figure, which is twice the National Average for deductions. Thats incredibly helpful. But that isnt alone the solution. Weve adjusted the income tax brackets. Weve created this family tax credit and weve driven it way up into that middle class area for these high tax states. By the way, i dont know how they accept the level of taxation they do. \[inaudible] its just painful to see that. But we drive that, middle class and high is a different level. We drive the Family Credit up as well. We really target the state and property deduction. The end result of, that and ill stop here, is that we are showing that families in high tax states are getting tax cuts. Way up of that income level. Because a combination of policies. Thats why i think members from those states have now take a second look at what were achieving. Some still need more. And heres i said i was going to finish this up. Ill finish with this. We have a simple request. We want our families to be better off after tax reform than before. Thats a pretty fair request. So do we. Thats what were working toward. Jake so macarthur said he wants it bumped up to 12,500. Is that on the table . Mr. Brady bring the ideas. Jake thats an idea youd be open to . Mr. Brady bring the ideas. Were here to solve it. Jake another thing, todd macarthur, who appears to be enjoying this debate as he enjoyed the health care debate, said you dropped a bomb on him. Im sure youve heard this quote already. When you changed the mortgage Interest Deductibility from 1 million today 500,000. Which was unveiled to members in the meeting yesterday on capitol hill. Talk about that and what your thinking behind that. Because people from new york and new jersey, and theres not many republicans from new york and new england, but it seems like theres 100 with all the things they have to say, they say, listen, it doesnt take a lot in a place like new york to have 1 million home. In a place like, you know, a lot of other places across the country that would be a pretty far off thing. So talk about your decision, your thought behind that. Mr. Brady i dont think that was a new post necessarily. I think its been jake maybe now him. Mr. Brady thats been part of the discussions on reform, on mortgage interest, for a while. Simply because youre really trying to drive that deduction to that middle class. That half Million Dollar mortgage i think covers 90 plus of americans. So you really are driving to that average american family. And again, weve thought fresh about every part of the tax code and how it works today. Again, because these deductions really focused on the upper income or more. So our thought was, why dont we try to drive that those Home Ownership incentives down across the spectrum . So thats part of the discussion. Jake just one more question. Theres been some concerns from members from all over the country about the second home deduction, which seemed to be a first world problem. A lot of states have big vacation communities. Youre not moveable on that, right . Youve eliminated the mortgage interest on second homes and thats probably here to stay . Mr. Brady ive learned to never say never in tax reform. Anna were going to nail you down on this one. Mr. Brady youre not going to. \[laughter] that will be part of the discussion. Anna you talked about hearing from President Trump on things that are important to him. Individual mandate. Another thing has been the corporate rate. Thats something hes been very focused on. Take us behind the scenes on. This he seems pretty hell bent on getting that rate to 20 . Jake some would say 15 . Mr. Brady my experience has been terrific. Hes been engaged on all the tax reform issues. Both in substance and are we wants to go. He calls regularly. More often now. And just wanting in on these decisions. In fact, as we were finishing out sort of the last designs of what this initial bill would be, we were difference, others on the phone with him running through these options to make sure were all on the same page. Because the whole purpose of this is to not do what we did in health care. Where the house was never still may not be on the same page. Thats why we spent months working with the white house and the house senate so there wouldnt be three tax plans or five tax plans. But one. So having that target drawn on the wall for the house and the senate to design to has been really helpful. So the time spent with the president is really crucial, i think, to getting it to his desk. Anna in terms of that, is that also an effort to that he doesnt bend down like a lot of republicans felt like on health care, when he was tweeting against the bill, it was a mean bill, things like that. Mr. Brady he knows so much more about the tax code. Health care for serve complicated. The tax code is as well. But we know our area of it. We know what we use we know what affects our family or bills. We really know it well. And so from that standpoint, yeah, hes been extremely valuable. Jake a question from one of our colleagues, collin, who i think is in the audience. I dont see him at the moment. No. Yeah, hes in the back. Youve seen him in the hallway about a million times. Why dont mr. Brady late at night. \[inaudible] mr. Brady great question. How do you reconcile the house and senate . Again, whats been incredibly helpful is to have that framework we agreed to. I think the senate will take some different paths to hit that target of the framework, which i think is healthy. The goal is to reconcile this at the end and their challenge, of course, is to move to through the senate. And so i believe having slightly different or maybe even substantially different designs to hit that target, thats a part of the process. I also am hopeful as we mark it up in committee next week, as we see where there are areas we can improve, weve thrown a lot of new stuff on the international side, on the Small Business passthrough side, on Interest Deductibility. Were going with significantly different concepts here. We expect to be incorporating those improvements and finetuning it and we hope theyll be part of the process. Jake theres been some one of the things weve heard from the outside groups is that theres a backdoor border adjustability tax thats going hit consumers across the country in this bill. Why are they saying that . Mr. Brady my back is still sore from the discussion over border adjustability. Theres nothing coming any direction there. So i think thats a silly notion. Jake what are they talking about . Tell us what is in the bill. Mr. Brady when we move from a worldwide system and territory, and thats imperative, we have to compete internationally. You have the potential for seeing your tax base erode and creating actually more open doors. So every country that does this has to have a way, and weve watched this here in america, where companies can export their earnings or profits, their patents, their pricing and import their deductions and expenses and all that inward. So we have to stop that. The way we address that are really two provisions that are a combination of a lot of them, that deal with the outbound exporting of profits and the inbound importing of deduction and interest and all that. It is, i thought originally border adjustment was a way to address that in a simple way. That had to be set aside. So now were back to a mixture of sort of traditional how do we do these from the camp tryout, as well as fresh new approaches here. We expect a lot of input and feedback from industry on that. Thats a good thing. At the end of the day, you have to have that equal treatment so that, whether its u. S. Company whose real revenues and earnings are originating here, they just look like theyre overseas, or that foreign parent doing the same thing, you have to have a level Playing Field for that. We want industry to look at those designs, bring us back that and thats one of those areas i think well continue working that through conference. Anna another lingering issue was passthrough rates. Obviously been very difficult, nfib, Small Business association, lined up against this early. Based on the way the rules are written, a lot of these advocates feel like their members are going end to up paying higher tax. How do you fix that . Or is it something that needs to be fixed . Mr. Brady theres no chance theyre paying higher taxes. In any way. And i know this because our passthrough businesses in total, were devoting over half a trillion dollars in tax relief for those businesses. Somebodys getting that. We believe its main street businesses Going Forward. But remember what were trying to do. In the past corporate rates were the focus of most tax reform. In the past, since the reagan reforms, a big shift has been to the passthrough side. We made an early decision were not going to leave them behind. But to do that, you need to separate business from wage income. Really hard to do. Its complicated. We knew that coming in. So the current design weve given our businesses are two options. Sort of the short form and the long form. We all know that in the tax code. The short form is for businesses to say, you know, 70 of what you earn is wages and 30 are business. Were going to cap the 30 at 25 . Youre going to get tax relief. But the second option is, a capital option, which is basically says, look, if youre a business, youre building your own. Thats your trucks you have, thats your equipment that youve bought. Youve invested capital. Youre a business. You can expose much more of that to that passthrough rate of 25 . We may need to have other options in there. Or change some of those to make sure we do it right. But at the end of the day, the decision to make sure our passthroughs are more competitive and make and they can invest more, this is a great discussion to be having. Jake something thats going well go to consume questions after this. Before we get back to blabbing. Anna they are nonthreatening. Jake this isnt something thats going to impact everybody in this room and something that ive heard a lot of members ask me or want you to answer. Will these tax cuts be retroactive . Meaning, will they begin with at the beginning of this tax year instead of next . Mr. Brady we want to accelerate the growth. Retroactivity is difficult to do. Ask any accountant, ask any business, ask any family. When you go backwards, it creates real challenges fast. At the end of the day, i think whats being requested of, lets make sure this tax reform shows up in families paychecks soon. The businesses have incentive to invest soon. I mean, immediately. So thats what were looking at those options to see how we can deliver. That i think theres no doubt youre going to see growth in jobs in pay checks, in Economic Growth very soon. The question is, could we in some way deliver that tax relief for families . We, will we know. Families starting january 1 will be able to adjust their withholdings so they get a bigger paycheck starting in january. Not next april. But is there more we can do . Were looking at that. Jake it sounds like the answer is youd like to do it. Its difficult but the priority is getting tax relief across the finish line in the quickest way and easiest way possible. Mr. Brady if we can make adjustments to help provide even more immediate relief, lets do it. Jake ok. Question from the audience. Wow. No questions. Mr. Brady thanks for having me. Oh. I thought i was out the door. \[laughter] jake no way. Theres a clock there. Mr. Brady so close. Questioner for full disclosure, i am a tax lawyer. Mr. Brady now i have to go. \[laughter] jake you were dealing with just reporters before. Questioner i have a very straightforward question. Although i would like to ask you more. But on your passthrough tax rate of 25 , it strikes me that this might be difficult administratively to police. Im wondering if youve had thoughts about that. Mr. Brady we have. The reason for starting first with the 70 30 was to tweak that sort of simple option where youre not really haggling with the i. R. S. Over whats reasonable compensation and all that. So we tried to find that simple form, a lot of Small Businesses would likely use. And create that second option that really differentiated between that wage earner and that business. So thats why we got to these initial provisions. Were getting a lot more feedback on options. Were also professional Services Want to know, is that capital option available to me . The answer is absolutely yes. So look at the doctor that has his own practice. The doctor in the practice, you know, owns that equipment. Has made those capital investments. Should qualify for at that lower passthrough rate and just have to make sure, if we stick with these approaches initially, that they get relief as well. Hard to do. But again, i think this discussion is something we need to have if were going to not leave passthroughs behind and were not. Anna one more question from the audience. Then go back to us. Questioner hi there. Tyler smith. I had a quick question about a political article that was written last night that said something about americans who made more than 1 million in taxable income would trigger an extra 6 tax on the next 200,000 they earn effectively creating a 45. 6 unannounced tax bracket. Mr. Brady not exactly accurate but from this standpoint, so in the current code there is a bubble rate for a part of earnings above 1 million, 39. 6 bracket rate. It was done to try to drive more middle class tax relief earlier in those rates where we really do well, both for the family of four making 59,000 and that Small Business making 62,000. Thats a 3,000 tax cut. Were really successful there. There is a portion that has a bubble rate but to finish the sentence, again, the reagan reforms were about the rates. Were about clearing out underneath the rate. So a family making a million, a household making a Million Dollars today, because their see tax relief at every floor as the elevator goes up, they see relief there, at the end of the day theres tax relief at every income level from the bottom to the top. Including at the 1 million household as well. Much of that comes from the their investments in corporation, compensation tends to change in those households. So youre seeing tax relief related to growth and investment. Which is again what we want to reward in this. Anna thank you. Weve gotten to the nittygritty, lets talk about the process. This has been a long time coming. I remember us sitting down talking about the tax backpack. Mr. Brady that was health care. Anna what was most surprising for you in this process . Mr. Brady huh. I think, one, its been wonderful. This is jake its only just begun. Mr. Brady this has an amazing opportunity. Think through all the chairmen before me i respected and worked with, from bill thomas, paul ryan, dave camp. Getting this opportunity, these are all good days, difficult as they are. I think the ferocity of the status quo. This tax code has fierce supporters and champions from the smallest provisions to the largest. Very aggressive to defend that status quo. Heres the challenge. You didnt row you cant lower rates, cant become more competitive if we keep everything just as it is. Youve got to challenge provisions to get to where we want to get. So that is, its not a surprise. Its just an hourly part of tax reform. Not daily, an hourly part of this discussion. Jake a lot of people havent watched, next week you start marking this thing up, youll go into committee a lot of people here have not watched a ways and means markup, as exciting as they are, theyre not Appointment Television for some. Tell us what we should mr. Brady you dont really mean that, with this audience. Jake thats true. What should we expect . What is it going to look like . How late are they going to go . Give us a flavor of what to expect. Mr. Brady its going to look like its long. So weve monday we begin at noon, first time in 31 years. For republicans in the house, first time in half a century weve lead, initiated tax reform. Pretty historical. We worked with our top democrat, congressman richie neil, structure this in a bad good, positive way. We want to do as much discussion as we can in working hours, though it may go later. Trying to structure it so democrats have the best access to make the case for the amendment and our members as well. I do expect to conclude by thursday of next week. Before the veterans day holiday. Four days of open, full throated debate with all these amendments in the tax code i think will let the American People see something they havent seen in a long time which is real debate on a real tax reform plan in by the way, i invite you to read this bill. Because unlike the Affordable Care acts 2,000plus pages, this is about 249. Jake easy reading. Mr. Brady i wouldnt say easy. Its digestible, its big and bold, should be a fascinating debate. Anna do you expect to get any democrats to support this . Mr. Brady i hope so. Look. I say this but its true. Theyre seeing the same thing in their community were seeing. Ive had 19, 18 companies in texas, in our region that used to be headquartered in our home state and now theyre overseas. There are young people leaving college that cant find the jobs they want. There are families with stagnant paychecks. There are a number of democrats, centrist democrat, especially who think the status quo wont work. Weve been engaged for about a year with them since the House Republican blueprint was put out. Im hopeful they brought their priorities to us. I think we hit them in a big way. I dont want to be overoptimistic but at the end they have about at the end of the tai if they can support this plan or not, but if theyre looking for middle class tax relief, stopping jobs from going overseas and actually bringing them back, i think theyll like whats in here. Jake you dont expect any amendments on the floor . Mr. Brady no. Jake why . Mr. Brady theres nothing like changing the biggest economy on the planet, changing the tax code in front of the world, to see really bad things happen. So the work will be done in the committee and before we take it to the rules committee. Then later in conference. Jake youre saying the house can be an unruly place at times . Mr. Brady im saying a legislative process tied to the complexity of the tax code, deliberate, thoughtful, and we listen to these members before we bring it to the floor. Jake how do you anticipate trumps involvement Going Forward . Mr. Brady its been positive in a big way. Traveling the country making the case. Hes using twitter to make the case as well. Hes been all in on the rollout. Yesterday met with a number of us, including the ways and Means Committee, who delivered i think a tremendous product. Hes going to stay engaged. His cabinet is staying engaged while hes traveling. I know hell be consulting. You need a president to make the case around the country for a dramatically different tax code. Jake one page. Mr. Brady work sheet. Families will be thrilled with that. You asked what surprised me, i think what surprised me through the process is the power of simplicity. I think we underestimate in washington, d. C. , how frustrated people are with this code. They want and when we ask, like in town hall meetings, i do a lot of them, do you want something this fair and simple . Are you willing to give up all this to get there . Youd be surprised that the answer is, could we really have something this fair . And the answer is, we can. Weve got to make some tough choices, and i dont worry about, you know, that its that it finishes with a postcard like this. We ought to, as members of congress, make changes, whether we add or subtract or otherwise, but boy, we get one shot every three decades to make some changes, why not go for fairness that people have only kind of dreamed about . Anna lets talk about that. The political impact. Were about out of time here but thats something that everyone tells us is incredibly important to republicans 2018 prospects do you agree . Mr. Brady i do. Weve not delivered on our promise on health care repeal. Its critical we deliver on our promise on tax reform. Do it in a timely way. Were on track to do that. This is the challenge of a lifetime. We know this legislatively. This wont be just an easy, smooth, every hour is terrific. It wont be. Its going to be the process of washington. Which never is that way. End of the day if we achieve this or near to it, we have delivered on our promise in a big way. Anna you say timely, how soon does it need to get done . Mr. Brady right now were on target for the end of the year. Jake do you think that is going to hold . Mr. Brady i think it can. Jake youre not hellbent on it the way others seem to be if i it goes to january or february the world doesnt end . Mr. Brady true. Urgency creates decision making. If youve got time you know washington. If the deadline is midnight theyll start working on it about 11 30 and work on it into the next day. So having deadlines to force people to the table, to resolve things, i think are helpful. Jake quick question. Do you think theres been a lot of chatter recently about turning to health care again at the beginning of 2018. Are these differences reconcilable between house and senate and all the different regional and ideological . Mr. Brady on the health care side of things . I sure hope so. We want the senate to produce something. Find some improvement to get out of there, see if we can find some Common Ground in that area. I also know among House Republicans, we having a stronger economy means you need more workers. Skilled workers. So we i know the speaker has given us the direction to follow with what some call welfare reform but what were thinking of is how do we create opportunity for those in poverty today . How do we get them into a goodpaying job with the skill ours businesses need . Its critical to growth in a big way. So i know too were planning to make that pivot as well. Anna all right. Chairman brady, unfortunately we are all out of time. We want to thank you all for joining us this morning a special thanks to the table for sponsoring this great interview. \[applause] thank you all for coming. Please continue to follow us on politico live online and social media about future playbook events. Next, live, your calls and comments on washington journal. Then, a house hearing on reconstruction efforts in afghanistan. After that, defense secretary james mattis and secretary of tillerson testified before the Senate ForeignRelations Committee on the authorization for the use of military force. Joined us this weekend for book tv live, at the texas book festival in austin. Coverage begins today at 11 00 eastern and includes liza mundy. Michael heard. Young, author of, bunk. Author of a, farewell to ice, and ellen