Transcripts For FBC Sunday Morning Futures With Maria Bartiromo 20171001

Services Committee Chairman Jeb Hensarling of texas coming up and then an emotional scene on capitol hill this past week. House majority Steve Scalise returning to congress for the First Time Since being shot in june at a baseball practice game. What was the mood like inside that chamber . Ill talk with his fellow congressman as we look ahead right now on sunday morning futures. And republicans are making their push on tax reform after the latest healthcare failure the stakes are high. This new plan tries to simplify our complicated tax code. Consolidated the number of tax brackets from seven down to three, sitting individual tax rates at 12 , 25 and 35 . The president describing it as a rocket fuel for the economy saying it will de live a middle class miracle. Joining me right now is President Trumps chief Economic Advisor and director of the National Economic council gary cohn. Director good to see you. Maria great to be here. Maria youve got a lot on your plate i know that and this tax plan is so important for the economy and for jobs. Can you talk us through whats most important in terms of this plan what do americans need to understand . Absolutely. Before i do that, let me just stop and hesitate for a second and talk about puerto rico for a second. Maria sure. I just want to reiterate how involved the administration continues to be. Weve spent the entire weekend as we have last weekend working on puerto rico, making sure were out saving lives sustain ing lives and making sure everyone in puerto rico and the u. S. Virgin islands is taken care of. The United States has gone through extraordinary efforts to deliver goods to the island. Right now, our big challenge to get those goods delivered to the citizens of the island that need those goods. Maria its hard its an island. You cant get there right . Its hard and the infrastructure has been destroyed so were working full speed ahead. As you know the president and many of the cabinet members will be there on tuesday to see what more if anything we can do. Maria but let me just say this because that mayor from san juan really gave an aggressive and sort of add it plant interview with Geraldo Rivera and shes angry at the president is this politics or really maybe there could have been more done sooner . Look i think when we look at the history of this the administration has done an extraordinary job of delivering goods and services and people to the island. We started with 4500 National Guard there. We now have over 10,000 u. S. Government people on the island. There are more ships in the harbor full of material, food, medicine, things to build infrastructure than you could imagine. The challenge now is to get them unloaded and distributed around the island. Maria i know youll be there the administration will be there tuesday well be watching that cover that live obviously and the president has been tweeting about it all weekend. Let me ask you about taxes now because you released a very important plan and its been a detailed plan but we still dont understand who falls where, so 12 , 25 , 35 of the rate if i make 200,000 where does that fall . Am i getting taxed 25 or 35 . Maria remember what we did. We released a outline of the plan and in the plan as you point out, we really have four rates. What people are forgetting is we really enlarged the zero rate. We doubled the zero rate so if youre a family today, you now get the first 24,000 of your income at a zero rate. You then kick into the 12 rate, then you go to the 25 rate, then you go to the 35 rate. We have not determined the break points for that. We have given the ability to determine the break points to the senate and the house as they write the legislation. The reason weve done that is because one of the two big bright line tests in our tax plan is that we must in the keyword is there we must have a middle income tax cut when were done so we have told the tax writers set the brakes where you need to set the brakes to make sure that we end up with a middle income tax cut. Maria that makes a lot of sense what youve been talking about the whole time. Want to cut tax for the middle class but i want to show you what andrew cuomo tweeted this weekend the governor of new york where youve got a lot of tax income levels and he tweets out this. Under the gop tax plan, every new yorker, every new york region will see a tax increase. Is this true . Gary well andrew tweeted, i completely disagree with that. Maria hes saying every new york region is going to see taxes go up. Gary i dont know what he means by every region. I really dont know what he means by that. First of all we havent even delivered enough details for him to come to that calculation. Maria lets talk about the elimination of the state and local income Tax Deduction. This is something i think that hes referring to. Talking about tax rates in new york of 10 on a state level. Youre talking about property taxes that have been going up and are very significant, so if you eliminate that deduction, that is a tax increase for new yorkers right . Gary its not necessarily a tax increase. In fact its a tax decrease because were going to replace that with other pieces. What people havent seen yet and this is what people have to do. They have to take a look at the plan in its entirety. Were going to elongate the brackets, were going to increase credit quite dramatically but child care credits, where they phase out is going to dramatically change. The size of the child care credit is going to change quite dramatically. We keep talking about the deductibility of state and local taxes and how important that is. Let me give you something that is an absolute and is a fact. Under the old tax system, 25 of families actually itemized took advantage of the state and local Tax Deduction, so 75 of the families in america did not use the itemized deduction to deduct the state and local taxes. Maria but if you make 200,000 or more, 90 of you use that deduction. Gary like i said its 25 . We are designing a tax plan for the uned states of america where this is t federal tax plan. We are digning a tax plan to deliver middle income tax relief to america. Maria i feel like you keep getting bullied by the left. We knew the talking point after you released this plan would be this is a tax cut for the rich and i feel like youre constantly on defense having to defend lower taxes. I saw you were in a review the other day and he kept throwing these gotcha questions at you and youre there saying no, this is not a tax cut for the rich. Whats wrong with wealth . Whats wrong with coming from nothing working really hard, making money and achieving success . Why do you have to defend that . Gary we shouldnt have to defend the american dream. This is america. This is where people come to succeed. This is where people come to earn money. This is where people come with ideas. Look at Silicon Valley. We have Silicon Valley because people can come here with great ideas and build businesses and succeed. This is what makes America Great we want people to succeed but we want people to pay their fair share of taxes. Maria now you sound like a globalist. Thats what they say theres one faction in the white house whose the globalist, and then theres another faction that just wants to cut acrosstheboard. Where do you sit . Gary i want a fair and equitable tax system one that allows the United States economy to compete on a global basis and one that is fair and allows middle class families to keep more of what they earn. Maria isnt it true that the top 10 of taxpayers pay 70 of the tax . So if you dont cut taxes on the very people that are paying all the tax, youre not really cutting taxes. Gary in broad brush terms thats a relatively true status. Maria there you go whats the answer then if youre not cutting taxes on the highest earners then youre not cutting taxes if theyre paying 70 of the tax. Gary our objective here is to continue to give middle class middle income families a tax cut , allow middle income families to keep more of what they earn. They still are paying taxes even though the wealthier people are paying more taxes, middle income families are still paying taxes and yes, we do believe as an administration we can have them pay lower taxes. Maria well you say you are already at four rates because of the zero and i understand that. Are you going to have another bracket 44 for the millionaires , 5 million and up is that what youre working on right now another bracket so that the highest do in fact see a higher rate . Gary we have given the tax writers in the house and the senate latitude. If they need an additional rate to make sure that the tax budget works, that we have given them the ability to put in a fourth rate if they need it. We prefer not to have it but if they need it they have that ability. Thats why when people come out with these definitive statements of what the tax plan is going to do, or what the tax plan is not going to do i find it hard to believe because we dont know what the tax plan looks like yet maria do you think you can get this done by yearend . Gary absolutely. Im very convinced we can. Maria so where is the debate right now . Is there an alternative to this state and income Tax Deduction for example . I know that was supposed to raise 1. 25 trillion over 10 years can you find that money somewhere else . If you were to not eliminate that deduction if you got so much pushback from republicans as well . Gary so remember where the house started and the house blueprint was the one that had the deductibility and the non deductibility of state and local taxes. We took the house blueprint as we tried as a group of six to Work Together with a plan that would work for everyone. We took the house blueprint and incorporated that into the group of six. We are very negotiable on a lot of factors in the tax plan. What were not negotiable on is two points. Were not negotiable on whether we end up with a middle income tax cut, not negotiable. What were not negotiable on is a 20 tax rate for C Corporations and a 25 tax rate for pass through corporations. Maria i want to talk about that next. Lets take a short break and when we come back i want to zero in on the business tax breaks because a lot of people say this is the most important part of this plan that will move the needle on Economic Growth. When we come back well table about the corporate rate and others follow me on twitter Maria Bartiromo at sunday futures let me know what you want to hear from gary cohn. Ill check twitter. Stay with us back in a moment with gary cohn. I count on my dell Small Business advisor for tech advice. With one phone call, i get products that suit my needs and i get back to business. You know win control . Be this guy. Check it out selfappendectomy oh, thats really attached. Thats why i rent from national. Where i get the control to choose any car in the aisle i want, not some car they choose for me. Which makes me one smooth operator. Ah still a little tender. vo go national. Go like a pro. Money managers are pretty much the same. All but while some push High Commission investment products, Fisher Investments avoids them. Some advisers have hidden and layered fees. Fisher investments never does. And while some advisers are happy to earn commissions from you whether you do well or not, Fisher Investments fees are structured so we do better when you do better. Maybe thats why most of our clients come from other money managers. Fisher investments. Clearly better money management. The uncertainties of hep c. Wondering, what if . I let go of all those feelings. Because i am cured with harvoni. Harvoni is a revolutionary treatment for the most common type of chronic hepatitis c. Its been prescribed to more than a quarter million people. And is proven to cure up to 99 of patients who have had no prior treatment with 12 weeks. Certain patients can be cured with just 8 weeks of harvoni. Before starting harvoni, your doctor will test to see if youve ever had hepatitis b, which may flare up and cause serious liver problems during and after harvoni treatment. Tell your doctor if youve ever had hepatitis b, a liver transplant, other liver or kidney problems, hiv or any other medical conditions and about all the medicines you take including herbal supplements. Taking amiodarone with harvoni can cause a serious slowing of your heart rate. Common side effects of harvoni include tiredness, headache and weakness. Ready to let go of hep c . Ask your hep c specialist about harvoni. Maria and we are back talking taxes with the president s top Economic Advisor talking about the republican tax reform plan. Want to get into the business side of things gary and that is of course is the corporate rate at 20 and a pass through rate l lcs et cetera at 25 . Why had you come out with these numbers why are these the right rates . Look maria weve spent a lot of time on this. This is a red line test for us where we end up with the corporation. The president has spent an enormous amount of time pushing us on where we are and this matters enormously to us. It matters because we have to be competitive with the rest of the world. When we look at the rest of the world the developed world today, the average tax rate for the rest of the developed world is in the low 20s. You know, 22, 23, 24 depending on it. Maria ireland is at 13 . I said the average. Theres exceptions to every rule maria i know why companies are moving to ireland. We understand that but we feel lick weve got to get below the average of the developed world. 20 gets us below the average of the developed world and thats why its a bright line test. We cant go below, we cant go above that because then we get noncompetitive with the rest of the world. Maria if youve got a pass through business say you own a Hardware Store on main street whatever and youll get that 25 rate is there a risk here that people can game the system that youre supposed to be paying the 35 highest rate or even higher than that and you call yourself an llc. How do you avoid gaming the system . Weve talked a lot about this there will be quite extensive antiabuse language in the pass through definition so we make sure someone that really is earning 100 wage income that they should be taxed as ordinary wage income is not transferred into pass through income. Maria youre talking about a repatriation as well are you talking about 10 or lower, is this a onetime charge . Youve said 2 trillion overseas you want that money to come back we know its at the high 2 trillion could be 3 trillion at this point overseas. We are deeming the rate meaning we are not giving companies the choice. They are going to pay the rate if they have money overseas thats how we catch up from the worldwide system to the territorial system. We will end up with a bifurcated rate. We will charge you one rate if you have liquid assets offshore, we will charge you a different rate if youve got bricks and mortar and youve turned those earnings into bricks and mortar or investments offshore. We will give you some period of time to pay it but you will incur the Tax Liability the minute the tax referendum goes through. Maria even if you have property overseas then the same thing . If you have property you will owe us the tax over some period of time at a lower rate. Maria and is is that at 10 or lower than that . Okay so well have two separate rates, well have a higher rate for liquid assets a lower rate for ill liquid assets again weve given the tax writer s in the senate and the house the ability to adjust those knobs adjust those numbers it will be in that 10 range. Maria how much does the estate tax and the amt generate because im wondering if you dont eliminate that state and local deduction, is that a place for wiggle room . Is that an alternative because the estate tax is one tax that people might say okay, well that is helping the rich. Maybe thats something that you could give them. Again maria lets talk about the estate tax and talk about the people getting caught in the estate tax and the people against the estate tax. The American Farm bureau and Small Businesses, theyre the ones that come out and really advocate the repeal of the estate tax. They are the people that get caught in the estate tax. We want america to be a place where you can have multi generational Family Businesses, where you can build a Family Business and pass it from generation to generation and not be forced to sell your business upon death. Death should not become a taxable event if youre in a Small Business. Death should not become a taxable benefit if youre a farmer. If youre a farmer you should be able to pass it on to your family. We know the statistics. Wealthy people can use Estate Planning and get around the estate tax, so look, when youre looking at the estate tax as a whole, it really affects family owned businesses and farmers more than anyone. The alternative minimum tax, again its something thats even the irs tax advocate and a bunch of nonpartisan groups that come out and said look this has not worked. What happens with the alternative minimum tax is it was a pretty good concept. It was a good concept to say that everyone should pay their fair share. Again wealthier taxpayers have hired accountants to figure out how to not pay the alternative minimum tax, where middle income taxpayers end up paying the vast majority of alternative minimum tax. Good concept failed execution. So lets get rid of it and simplify the tax code. One of our Core Principles is to simplify the tax code. Maria when do you think youll have more of these details like for example, the specifics on brackets, the level of income, and the debate over the deduction on state and income tax . Is that an open debate right now right . This is in the hands of the tax writers both in the house and the senate. We are confident that were going to get a tax bill done in this calendar year, to do that weve got to get out of the house relatively soon to get out of the house were going to have to have real details. This will has to be in markup, hopefully in october. Maria real quick before you go, theres a lot of speculation about changes in the white house some people think youll get this tax reform done and then youll leave. Is there any truth to that that you would leave after that . Maria ive got a great job. Think of what im involved in. We started down a regulatory path which was our number one objective. Were starting to have some wins on regulation. Weve got a tax path, were working on taxes, weve got infrastructure to do. The president and i agree on an agenda and we agree on an agenda to drive this economy to places people dont think we could be. Think about the fact that we just published a 3. 1 gdp for last quarter. People didnt think that was attainable. Maria 3. 1 is a great number good to see you well be watching for sure gary cohn is the director of Economic Policy at the white house and well be right back. Right back. Were talking regulation can i kick it . Yes you can can i kick it . Yes you can can i kick it . Yes you can well im gone and the wolf huffed like you do sometimes, grandpa . Well, when you have copd, it can be hard to breathe. It can be hard to get air out, which can make it hard to get air in. So i talked to my doctor. She said. Symbicort could help you breathe better, starting within 5 minutes. Symbicort doesnt replace a rescue inhaler for sudden symptoms. Symbicort helps provide significant improvement of your lung function. Symbicort is for copd, including chronic bronchitis and emphysema. It should not be taken more than twice a day. Symbicort contains formoterol. Medicines like formoterol increase the risk of death from asthma problems. Symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. You should tell your doctor if you have a heart condition or high Blood Pressure before taking it. Symbicort could mean a day with better breathing. Watch out, piggies child giggles symbicort. Breathe better starting within 5 minutes. Get symbicort free for up to one year. Visit saveonsymbicort. Com today to learn more. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast food is being changed by faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. Our prayers have been answered. His bravery and his familys strength have been such an inspiration to this house and to the people it serves. America is grateful for this moment. The chair now proudly asks for what purpose is the gentleman from louisiana seek recognition . To speak out of order mr. Speaker. [applause] [cheers and applause ] maria wow House Majority Steve Scalise made an emotional return to congress this past thursday for the First Time Since he was shot on that Virginia Baseball field back in june. The louisiana congressman also thanked members of both parties for their support during his recovery before casting his first vote, since the shooting, for a bill that would in part extend tax benefits to hurricane victims. Texas congressman was there to welcome back his colleague and he joins me now congressman good to see you. Wow that must have been really emotional watching from here. Im getting the chills how was it in that room . Well its emotional watching him from here. It was such a moving event because so many of us had played and i didnt know the president was coming to the hospital that first night i was there about 10 minutes before he got there, but to stand beside the president and first lady as the doctor said that night, president was trying to put a happy spin on it and well you know, been 13 hours so looks like this is a good sign and the doctor said ive put a tremendous amount of blood in him today im going to put a tremendous amount of blood in him tomorrow if he makes it through the night but we dont know. Im going to be on pins and needles. To pray so fervently for his recovery and to see him back in the chamber was just overwhelming and steve is such a modest guy, but one of the hardest working guys. Its just a triumph of answered prayers and of someone really, its been tremendous amount of work. People dont realize to get to that point where he is is taking enormous work in addition to the answered prayers and a lot of people dont know. I havent heard this in the media because it was told to me privately. Congressman from georgia was in a position behind the fence behind the home plate as the shooter was moving from the third base dug out around toward first where he was going to be able to shoot and they were lying on the ground in the dug out, the first base dug out and barry says im about to be exposed and im looking around theres no place for me to run no place to go and he saw crystal g riner, Capitol Police firing shot in the ankle and she was trying through tremendous pain to shoot and he realized that im about to be wide open exposed he says a prayer and he sees david bailey, Capitol Policeman at that moment come out from behind his cover, the suburban. Hes completely exposed, yells twice, drop your weapon drop your weapon and the guy shoots at him twice and as soon as he says drop your weapon the second time, he fires twice and takes him out. David bailey as steve said in the chamber saved his life. He is the ultimate hero and between the efforts of crystal and david, they saved lots of lives probably two dozen or so of the republicans out there and i was also gratified to hear maryland democrat honorable man say that this was a hatefilled shooter and that you only hear people from the left normally say we had a leftist full of hate shooting but the president knew that the very night, the very day he said there are problems on both sides after charlottesville because he had been there when he knew steve sc alise nearly didnt make it because of the hate of someone on the left. But its just been an emotional ride. Thank god and jennifer, steves wife has been amazing. She has been really a testimony of what people ought to be going through such things. Maria youre right. There really are a lot of heros here and certainly david bailey and officer griner, they really are our heros, as are all the First Responders and police everywhere, but let me ask you. He made this vote. I believe Steve Scalises last interview was here on this program before that horrible shooting. He goes back, he votes now is he back in terms of voting and hes going to be doing rehab along with coming into the office . Thats what i understand, hes going to be back and hes the guy that stood up for me to get me able to cook ribs again for the rest of the members of congress. Its the onetime ill leave a good taste in peoples mouths, but steve made that happen and i said and steve said so when ribs and we chose a day right there on the house floor. Im going to be coongnd a make sure he gotome again. Mariawow. I broughsome to the hospital ando him and dav bailey bause david when i said rough for sing so many of our frids lives, he said no, thank you for all the ribs. I mean what an incredible model. Maria what an incredible person really its true. But i said david, did you really go completely uncovered, barry said it hit me, i have to make it him or me, him or me and thats when i stepped out and he said thank god it was him. Maria thats incredible congressman let me switch gears while i have you and ask you how are you going to vote on the tax plan. Sure. Maria i can see theres push back here talking with gary cohn. Are you okay with the elimination of the state and local deduction number one and what about a higher rate if they come up with another rate for the highest earners and the millionaire camp of up to 37 or 39 , is that something you would would be okay with . Depending on what we did with the other areas, and by the way, i thought gary cohn did a good job and your questions were terrific but steve moore says i have the best description of the Corporate Tax and its accurate. We placed the highest tariff of any industrialized nation on our own products. Thats the Corporate Tax. Its also an insidious tax because who pays the biggest percentage of their income for the Corporate Tax . Corporations dont pay that. They pass it on to their purchasers, to their customers, and who buys a bigger percent or pays a bigger percentage of their income . Its the poor and the middle class, so theyre the ones that are paying this. Its a straight pass through tax when you lowered the Corporate Tax, youre lowering the tariff we put on our goods. Maria congressman are you okay with this deduction being eliminated . Are you going to vote yes . Yes absolutely because warren buffet these billionaires never pay the estate tax. They have Estate Planning to get around it but my aunt lilly lost over 2000acres of her estate. She was land rich and cash poor. The irs took every acre, they took everything and i was there for the estate sale. We all, the family bought what we could to try to keep things in the family. Ive seen what the estate sale does to the middle class, to those that have spent a hundred years building farmland and they cant pay the taxes. Maria well he made that case as well. Congressman good to see you sir thanks very much. Great to see you too. Maria well be right i was wondering if an electric toothbrush really cleans. Better than a manual, and my hygienist says it does. But. Theyre not all the same. Turns out, theyre really. Different. Who knew . I had no idea. So, she said look for. One thats shaped like a dental tool with a round. Brush head. Go pro with oralb. Oralbs rounded brush head surrounds each tooth to. Gently remove more plaque and. Oralb crossaction is clinically proven to. Remove more plaque than sonicare diamondclean. My mouth feels so clean. Ill only use an oralb the 1 brand used by dentists worldwide. Oralb. Brush like a pro. Maria welcome back as republicans rollout their new tax reform plans some of them on capitol hill say the new plan could help do something peeling back the doddfrank regulations joining me is the chairman of House Committee on Financial Services Jeb Hensarling of texas thanks for joining us. Well thanks for the invitation. Maria would you like to see a rollback of doddfrank attached to any tax plan . Oh, id like to see it attached to any bill across congress so fundamental tax reform is so critical to our economy but so is Regulatory Reform and our Speaker Paul Ryan has called the financial choice act which effect youvely repeals and replaces doddfrank, the crown jewel of our regulatory efforts. So we passed it in the house with only one republican vote descenting. Unfortunately were still awaiting action in the senate but i look for any opportunity to advance both tax reform and Regulatory Reform. Were going to look at the appropriations process, were looking at what the senate can do, but its an important part of releasing capitol in our society and tax reform will be important but so is Regulatory Reform. Maria for sure and already weve seen as a result of the president s executive orders on regulation peeling back certain regulations, were seeing economy actually respond companies loosen up their Purse Strings to invest more in durable goods type things and big ticket items. 3. 1 gdp this last week tell me what else you would like to see in this tax plan. Are you happy with the current form thats framework that the leadership has released . Well again, if i can harken back youre right. 3. 1 gdp growth is not by accident. I mean, weve got a president who is already rolled back hundreds of rules, used the congressional review act, 14 times to rollback onerous obama regulations where it had only been used once so this president really is poised to be the deregulation president since the most regulation since president reagan with respect to the tax reform plan. I can not envision a plan that i would not end up supporting. Im very excited as is all republicans if this prospect of having a fair flatter simpler more competitive tax code and by reducing both the c corp. And the pass through rates on businesses, i think this economy is poised yet again for three maybe 3. 5 Economic Growth, so again this is a frame work. This is an outline but i think they are off to a great great start. Maria well the committee for responsible budget says that these tax cuts are going to cost 2. 2 trillion so the question then becomes how do you pay for it do you need this to be revenue neutral . Gary cohn who was just with us and treasury secretary Steve Mnuchin have said many types that they are expecting growth to pay for this in a big way. Do you think thats achievable . Oh, absolutely. I mean, im not sure theres any time in americas history in the last century where we havent had fundamental long term tax reform that hasnt generated both Economic Growth and more revenue. You can go back to the reagan tax cuts. There were three different tax cuts and we had 4 sustained Economic Growth in 1984, i think it was 7 Economic Growth and when president reagan left office, revenues were 19 higher you can go back to the kennedy tax. You can go all the way back to the coolidge tax so what we see is revenue feedback. Its not just theory that i have maria its a great point. Talking with senator ted cruz about this last week and he points out that in 1984, the gdp was 7. 3 which is like china numbers. I mean, we havent seen that in so long. We forgot that thats actually achievable living in this one and 2 growth world. Infrastructure package, gary cohn just told me during the commercial break actually that an infrastructure package is ready now and you can also attach that to a tax plan should you need to do so to get the votes required to pass this thing. What would you like to see . Do you want to just do a clean tax reform package like the framework says now or do you want to have this unraveling of doddfrank or an infrastructure package attached to it . Well the most important thing right now is to get the votes to get the tax reform package done. Maria well you dont have the votes on the state income Tax Deduction though, right . Well i dont know that. What i hope is that people will look at what is the difference intake home pay between a 1. 7 gdp economy and a 33. 5 gdp economy. And so i hope that people will look at that a generous doubling of the standard deduction. There are all types of provision s in this outline. Theyre going to help working families, middle income families , but the most important aspect of this is this is a tax reform plan built for Economic Growth. I hope in some respecs people look at the entire painting and not a few brush strokes in the corner. If you look at the entirety of the plan, i have no doubt again based upon economic history that we are once again capable of 3 plus Economic Growth. You nomar it a weve essentially come out of a lost decade from the years of obamanomics, so the average middle income family is probably 14,000 achieving less in income than they otherwise would have had had we had sustained 3 Economic Growth. Thats what i hope all my colleagues will focus on and that is the tax plan built for Economic Growth that will bring jobs back to america, capital back to america and lead to not just more jobs but bigger paychecks and greater take home pay. Maria thats the key isnt it the wages which havent moved in so many years. Congressman good to see you sir thanks very much. Happy to be here. Maria Jeb Hensarling joining us there. A high profile departure from the Trump Administration health and Human Services secretary tom price resigned president asked him to after reports of his use of expensive private jets on the taxpayer dime. Our panel is weighing in on that as we look ahead on sunday morning futures back in a moment o im. Im so in love with you. Whatever you want to do. Is alright with me. Ooo baby lets. Lets stay together. Can i kick it . Yes you can can i kick it . Yes you can can i kick it . Yes you can well im gone when i was too busy with the kids to get a repair estimate. I just snapped a photo and got an estimate in 24 hours. My Insurance Company definitely doesnt have that. You can leave worry behind when liberty stands with you™ Liberty Mutual insurance. Okay, iunderwear thatsd say this, bactually pretty. Er leak surprised . Its called always discreet boutique. It looks and fits like my underwear. I know what youre thinking. How can something this pretty protect . Hidden inside is a super absorbent core that quickly turns liquid to gel. For incredible protection. So i feel protected. And pretty. New always discreet boutique. I was playing golf love golf. I used to love golf. Wait, what, what happened . I was having a good round, and then my friend, sheila, right as i was stepping into the tee box mentioned a tip a pro gave her. No. Yep. Did it help . It completely ruined my game. Well, the truth is, that advice was never meant for you. I like you. You want to show me your swing . Its too soon. Get advice thats right for you. Investment Management Services from td ameritrade. Maria welcome back the big news friday health and Human Services secretary dr. Tom price resigning amid reports of his use of extensive private charter flights for government business. Taxpayer paid for, we want to bring in our panel on that ed ro llins, a fox news contributor, ian bremmer, president of the group and good to see you both thank you. Thank you. Maria right move for the president to tell tom price to get going . The sad part is he had for two hours should have just told him to go. Price failed miserably as the leader of that department and getting the healthcare bill through the congress obviously the fights and all that stuff was sidebar stuff. He was a very respected member of congress but couldnt get on top of the job. Maria i guess its not just all this use of private planes but healthcare. Well the bottom line maria no obama repeal and replace. Im not a big advocate of congressman of coming in running a big 80,000 Person Department and my sense is he was a very passive player in the healthcare debate where i think the plan was for him to go take care of the congress because he had been a chairman of one of the committees. Maria do we know whose going to take his place at this point . No we dont. Theres several people in name. Maria theres a mike pence p rotoge. Whose the head of the very important part. Maria medicaid. Healthcare is not done yet whether you get us to repeal or not youve got to run the program as it is today and need someone who doesnt have to incur someone can walk in and make it happen. Maria let me switch gears and ask about Foreign Policy ian because secretary tillerson is in china meeting with chinese officials, obviously north korea top of mind. What can we do at this point to reign in the north . Look while everyone is talking about trump reigning fire and fury against north koreans the reality is you have 15 countries of the Security Council led by the United States increasing sanctions step by step, the chinese are absolutely cracking down on smuggling from north korea into china and also on joint ventures with the north koreans giving a lot of money and now tillerson is also working with the chinese to try to develop more direct diplomatic negotiations with the north koreans as well and has admitted the Trump Administration is in direct contact with the Foreign Ministry around kim jongun and in other words, despite the headlines, theres more been accomplished on north korea by this administration largely because time. Jon has been escalating so much than the prospect of military strikes, which you kno maria thats fascinating. Well we need it. Maria does the u. S. Economy get impacted if we keep putting pressure on chinese banks because of north korea . The u. S. Economy gets impacted if we move from a constructive path with the chinese where were both trying to con strain the north koreans and to one where we say do you know what the chinese havent done enough weve given up well start putting our own squeeze on the chinese directly. We havent done that yet and youve had people like gary cohn who you just had on, will barras who says do you know what we should be careful before we start putting a lot of tariffs directly on the chinese. I think the go slow approach is better. Maria it feels like hes had more success on Foreign Policy than anything else. I think his Foreign Policy team is the Strongest Team you have and the general mattis and others have given him good council and i think to certain extent he respects their council and has been a positive thing. Maria there is a referendum going on in spain. Tell me about that . Well you have hundreds of people that have been injured by the spanish police. It was illegal to hold this referendum according to the spanish courts but what the Prime Minister should have done was ignore it and just let it go on and be symbolic instead he said im going to crack down. Most people who wanted to vote voted anyway but now the people that want independence in catalo nia have a much stronger case and its one more place in europe where youre seeing center not hold. We seen it in brexit. Weve seen it with the french and german elections and now were seeing it in spain. Maria this is extraordinary. What a story well take a break and then the hurricane response in puerto rico. Hurricane maria the president s war of words with the mayor of san juan will play some of that sound and have our panel react to that next on sunday morning futures back in a moment. I count on my dell Small Business advisor for tech advice. With one phone call, i get products that suit my needs and i get back to business. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. When people are dying, it is hostile. But i dont see people dying mayor. Then i dont think youre going to the right place. Youre talking about people starving . Yes. People dont have food, people dont have water, people cant have their dialysis. People cant have their oxygen tank so maybe you havent gone to the right places. If you are a mother and have to give your child water from a creek, i dont think thats something that people want to see in any country. Maria that was the mayor of san juan puerto rico talking to our own Geraldo Rivera about her war of words with President Trump and of course shes been very critical of the president and his response, but she was answering a question fema said that shes not helpful, that shes not going to meetings, shes not being helpful with anything, pushing back on her criticism of President Trump. Your thoughts on how this is taking place . My thoughts is she is not as relevant as fema getting in there making things happen and i dont think she can stop things. I think the problem the president had you have to show empathy in Something Like this in addition to efficiency and he has not shown any empathy and backfired on him. Maria he says youre going on tuesday ian. Empathy is the one thing we cant expect from this president we didnt, he wasnt voted for empathy. Its not what he does, auto it . And so the idea that hes going to be able to show his human side, no. Like right . What he needs to do is let the professionals actually handle it he already is in the worst possible spot on this, tweeting and taking on the nfl as opposed to puerto rico, when everyone was saying come on youve got to do something about puerto rico, so the optics couldnt be worse and any doubled down on it by attacking the mayor whose facing all the time. I have no interest in saying the mayors the most wonderful mayor or the worst mayor it doesnt matter. You dont go after the First Responders. Youre above it you have to lead by example. This is the leading by example here and i think this trip tuesday frankly, never mind its a distraction and going to be hard for people its not going to go well. Maria you dont think it will . I dont at all. Maria to be fair gary cohn said look maria i just want to say this was during the commercial break also, he said just want to say there are 78 mayors in puerto rico and theres one governor, 77 mayors agree with the president and so does the governor. This is one mayor. I dont know. I go back to the point and i dont disagree with anything you said. You cant be beaten up on the Little People when youre supposed to be in there as the president. Youre the big player going in there with your government and fixing it. He did a very effective job in houston. A very effective job in florida. And he needs to get good, this is about making it. We dont forget that bushs presidency got destroyed by katrina. Trumps president is not going to get destroyed but he had a real opportunity to make it work despite all of the problems in katrina nobody believes that bush didnt care about the people. They believed that it was incompetently handled right . And now here, the Trump Administration has shown competence in two major disaster s and fema isnt ready to handle three at the same time the problem is not that. The problem is that trump is not seen as acting like a human being with three plus million americans. Maria what should he have done differently . He shouldnt be attacking anyone in puerto rico. He shouldnt have yesterday and then again today doubling down and saying political ingrates. You just dont do that especially when youre also taking it as someone whose hes being criticized for saying you dont care about brown people. Maria yeah. Well the devastation has been incredible in puerto rico. So its hard. Again, going back katrina we lost a city. Here were losing territory. I think to a certain extent everybody sees this and its a terrible story. Maria we will leave it there ian, ed, great to see you both thanks so much for joining us on sunday morning futures ill see you tomorrow morning on the Fox Business Network join me 6 00 9 00 a. M. Eastern on mornings with maria but first you know who likes to be in control . This guy. Check it out selfappendectomy oh, thats really attached. Thats why i rent from national. Where i get the control to choose any car in the aisle i want, not some car they choose for me. Which makes me one smooth operator. Ah still a little tender. vo go national. Go like a pro. Money managers are pretty much the same. All but while some push High Commission investment products, Fisher Investments avoids them. Some advisers have hidden and layered fees. Fisher investments never does. And while some advisers are happy to earn commissions from you whether you do well or not, Fisher Investments fees are structured so we do better when you do better. Maybe thats why most of our clients come from other money managers. Fisher investments. Clearly better money management. The uncertainties of hep c. Wondering, what if . I let go of all those feelings. Because i am cured with harvoni. Harvoni is a revolutionary treatment for the most common type of chronic hepatitis c. Its been prescribed to more than a quarter million people. And is proven to cure up to 99 of patients who have had no prior treatment with 12 weeks. Certain patients can be cured with just 8 weeks of harvoni. Before starting harvoni, your doctor will test to see if youve ever had hepatitis b, which may flare up and cause serious liver problems during and after harvoni treatment. Tell your doctor if youve ever had hepatitis b, a liver transplant, other liver or kidney problems, hiv or any other medical conditions and about all the medicines you take including herbal supplements. Taking amiodarone with harvoni can cause a serious slowing of your heart rate. Common side effects of harvoni include tiredness, headache and weakness. Ready to let go of hep c . Ask your hep c specialist about harvoni. Lou good evening, everybody. The popullist wave in america is growing. And the snootiest have been shaken by alabama. They decided for roy moore in the run off senate scomplekz the judges wins clearly taken as a profound warning to all establishment elites and rinos, particularly those in the senate. Alabama