Transcripts For FBC Sunday Morning Futures With Maria Bartiromo 20171015

Coming up and ask him about the big demanding and remaining obsticles. Plus, the dismantling of obamacare has begun. Where does healthcare go now after President Trumps executive order all that and right now as we look ahead on sunday morning futures. President trump decertifying the Iran Nuclear Agreement that kicks the issue back to congress which now has a 60 day window to make the next move and though the United States did not actually walk away from the nuclear deal, the president is leaving that option on the table , so far the move winning praise from our closest allie in the middle east joining me right now is israeli Prime Minister Benjamin Netanyahu. Mr. Prime minister its wonderful to see you thanks for joining us this morning. Good to be with you. Maria you congratulated and commended the president s action on this deal. Why was it so important for President Trump to make this move . Iran is the foremost terrorists state of our time. It hangs gays, jails journalists and has terrorism throughout the world and wild agrees in the middle east. To have a regime like this whose economy is 30 times the size of north korea, to have a rogue regime like that, a choir, an arsenal of Nuclear Weapons in 10 years time which is what the iran agreement now provides iran to do is a terrible thing so i commend the president for taking a historic and Bold Decision to avert this danger. You could have kicked the can down the road and said its not going to happen on my watch so ill just let it go but he didnt and hes faced up to this danger and i think he gave an opportunity for all of us in the middle east and beyond to fix this deal. Fix it or nix it because it could be very very dangerous if it just went through. Maria im glad you mentioned north korea. Im going to ask you about that in a moment but the idea he should fix it or nix it really surprised some people he left the door open to look if congress cant come up with something well walk away. Watch this, mr. Prime minister. I want to get your reaction as we examine these flaws in the deal. President trump i am directing my administration to work closely with congress and our allies, to address the deals many serious flaws so that the Iranian Regime can never threaten the world with Nuclear Weapons. In the event we are not able to reach a solution working with congress and our allies, then the agreement will be terminated maria mr. Prime minister would you rather see this Deal Terminated or do you think they can amend these serious flaws that the president refers to . Im focused on the goal. The goal is to prevent iran from ever acquiring Nuclear Weapons and you could achieve it either by fixing this bad deal or by ni xing it. I dont particularly care which one but its the result we want to have and theres several key things you want to make sure. One is that you dont remove the restrictions on Irans Nuclear program just by changing the calendar. You want to see a real change in irans behavior. Thats eliminating the socalled automatic sunset clause on restrictions. The second thing is prevent iran from developing Intercontinental Ballistic Missiles that are only useful for Nuclear Weapons and you can do that. The third thing is equally is to see that you have real inspections right now iran, you know, iran doesnt allow you to inspect military sites. It lets you inspect everywhere else so where do you think they hide these things so these are some of the key changes that have to go through if you get it fine if you dont get it cancel the deal. Maria this is a really important point that you make because tom cotton of arkansas is now looking at some of these flaws as a way to come up with a bill to actually change this and it is the sunset clauses, insufficient enforcement and the silence on irans Missile Program, so do you think that they will actually be able to come up with an amendment that iran will follow . Do you really believe that we will be able to start viewing their facilities . I think that what have you is immense leverage. People dont recognize that. You have immense leverage and not only because israel and the key arab states in the Region Support what the president has done. You said israel supports the president. Absolutely but so does saudi arabia and the emirates and when israel and the arab states agree on something you should pay attention. Its a historic moment. The leverage you have is based upon the fact that the United States is a great superpower. Its the worlds greatest power. Its economy is nearly 20 trillion. The iranian economy is 2 of that so when various countries including your allies have to choose between crippling sanctions on iran or cutting themselves out of the american market, well its a nobrainer what they will choose. Thats part of the leverage that you have and the president is right to put that forward now and to say im not going to authorize the continuation of a very bad deal that will give a rogue criminal state the powers to threaten the United States mainland. Weve seen what happens when that goes through. Im going to act now, again fix it or nix it, exactly the right thing to do. Maria but thats not what were hearing from some of our partners on this deal right . What are you going to do . What should the president be doing to work with the other five countries who are basically saying look, were fine, just keeping this deal as is. Im talking about europe. Im talking about china. So if the u. S. Even puts snap back sanctions back in place , what does it really mean if the other countries involve in this deal are not agreeable . Well look, i think the reason they say they want to keep the deal is because they think that changing it would mean canceling it but the president said something very astoot. He said well unless you change it im going to cancel it so you want to save the deal start fixing it and thats exactly the so it takes time until governments actually understand the significance of what the president put forward, but he has said i, the president of the United States, will not allow this bad deal to go through, so the only way you guys can save the deal is by helping it, fixing it and thats something that i think will have a great leverage down the line. Maria so you do leave maybe right now. Maria you believe that for example, they will join in on perhaps potentially snapping back sanctions against iran then well i think if the u. S. Decides to do that on its own it can do so by its own because it has such immense economic leverage and i think the europeans once they think about it well see that the president is giving them an opportunity to avoid something that is very bad for them today. You know, you dont want none of us as leaders should sacrifice the long term or even the middle term or the shortterm and the shortterm yeah, its comfortable. They have business ties with iran and so on that are developing but in a very few years, iran will be this huge power. We declared this is iran that says death to america, death to israel youre the great state and were the little and i suppose europe in between is middle side i hope theyre not offended but were all under the guns theyre developing Ballistic Missiles not to fire against us we already have that is to threaten europe and threaten the United States, so either people come around and think about it or they say we really dont want this bad deal to go through. We really should act now to correct it. Maria the president also said look, their favorite term is death to america, death to israel. The president actually said that in this speech. Are you expecting iran to take retall yeah tori action as a result of this move . Against who . Maria against the u. S. , israel or anybody . Are you expecting a reaction from the iran revolution architecture it guard . Well, i think a can speak as the Prime Minister of israel and if they act against us that would be a very big mistake. Maria already weve heard rhetoric to that, calling any commentary against this deal stupid. I mean a lot of commentary already coming out of iran. Should the country be afraid . Should we be worried that in fact this is going to stock even more violence . No i think its the opposite. I think it reveals iran, the pressure iran has come under. Up to now they were living in heaven. The radicals controlling iran were getting money flowing in 50 billion they got and its just upfront but down the line they get hundreds of billions of dollars with Oil Contracts with projects and other things and so all of a sudden this bonanza has stopped and now theyre under pressure and i think thats important. Look, i drew a red line in the u. N. Against iranian enrichment and everybody said wow, is that going to cause a problem but in fact iran backed off and they never crossed that line because they know the power of crippling sanctions and other things that they would have to confront, so i would say right now, the ones who should be worried is iran not the u. S. Maria the president also mentioned north korea you mentioned north korea at the beginning of our conversation. He said look, if you allow something to keep going on it will only get worse. It will only get worse and more dangerous as weve seen with north korea. Do you believe iran is working with north korea on its Missile Program . Well it did in the past for sure. Theres no question about that but id rather not discuss ongoing intelligence. I think the important thing is remember that when the deal with north korea was signed in 1994 was hailed as just a breakthrough north koreas neighbors would be more secure, north korea will stop the development of Nuclear Weapons. That turned out to be false and in fact, the same celebratory words were said about the deal with iran including the fact that iran would now join the community of nations, its going to moderate its activity but since the deal with iran was signed a nuclear deal was signed , iran has been like a tiger unleashed from its cage and its not joining the community of nations. Its devouring nations left and right so i think that standing up to refusing to go along with the bad deal is a good thing and an important thing even a historic thing, certainly important for world peace. Maria and mr. Prime minister real quick were about to speak with Steven Mnuchin the u. S. Treasury secretary and of course this deal gives the treasury further sanction opportunity against the revolutionary guard because of its support for terrorism. What do you want to see out of the u. S. Treasury right now . That is a very important step and i will commit we like to see it implemented obviously because the revolution architecture it guards are the main instrument of irans aggression throughout the middle east. Theyre firing rockets from yemen through their proxy that reach 700kilometers right into the saudi arabia. Theyre trying to colonize syria and turn it into a military base against israel and against others, so irans aggression continues unabated and in fact fueled by the megabucks they receive from this deal and thats nothing compared to what they will receive tomorrow unless we change course. Beginning those sanctions on the revolutionary guards is a very important first step. Maria you make an important point because the land grab has gotten bigger. Iran is in syria. It is in iraq mr. Prime minister thank you so much for your time this morning. Thank you, maria. Maria congratulations to you on this dynamic economy of israel despite the challenges you face. Well see you soon, sir. Its a tiger come and invest. Maria thank you so much Prime Minister Benjamin Netanyahu. Thank you. Maria and the fate of the iran deal now in the hands of lawmakers up next ill speak with House Foreign Affairs committee ed rise with me coming up and then live with treasury secretary Steven Mnuchin about tax reform will we get it this year, what would you like to hear from all of the above follow me on twitter at Maria Bartiromo at sunday features stay with us quick break looking ahead right now on sunday morning futures. I am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. Can i kick it . Yes you can can i kick it . Yes you can can i kick it . Yes you can well im gone aggressive styling, so you can break away from everyone else. The bold lexus is. Experience amazing. Because shes listening this to audible. Ughing and this woman is pretending her bosss terrible story is funny. Experience the comedy, not your commute. Dial starstaraudible on your smartphone to start listening today. Youdreamt about it, it, maybe you should just go ahead and do it. Were legalzoom, and weve helped over a Million People just like you start their own businesses. Legalzoom. Legal help is here. Maria welcome back well it is now up to congress whether to to reimpose sanctions on iran and unravel the nuclear deal. Some republicans are eager to take new steps to counter iranian aggression but some democrats are determined to honor the agreement with iran. Lets bring in california congressman ed royce and mr. Chairman good to have you on the program. Maria thank you. Maria thank you so much for joining us. Your reaction to Benjamin Netanyahu just now . Well i think he laid out the important case here is that iran is moving forward with an Intercontinental Ballistic Missile system and intercontinental means from there to here so as they test these systems out to try to get a missile that will hit the United States and boast about their intention to do so, they know theyve only got 10 years left in this agreement and we know that we cant get the iaea, the International Inspectors into some of the military sites where we have suspicions about activity. We know also that iran is moving their cords forces and irgc, the Iranian Revolutionary guard into syria up against the border with israel while theyre very already overthrown one of our allies in the region which was the government of yemen and are now flying missiles into rihad from there. Given all of this action of course weve got to strengthen this deal and not only do we have to strengthen it we have to do something to put sanctions on with respect to the Ballistic Missiles that theyve re developing. Maria all of the reasons the president would not certify this deal. This weekend, so how will you approach these very serious flaws that the president has mentioned and the Prime Minister of israel as well including the sunset clauses for example, which ultimately will enable them to get a Nuclear Weapon as well as the insufficient enforcement, the fact that we cannot view their military site. How will you approach this and change those flaws . So theres two parts to this. The first is what do we do about their Ballistic Missile system and thats answered by the legislation that i passed out of the Foreign Affairs committee and the house this last week. That will go to the house floor for passage into the senate and it had broad bipartisan support. The reason were addressing that obviously is we can use our considerable ability to put u. S. Sanctions in place, specifically on that. Second, last week, we also passed legislation having to do with sanctioning hesbolla. That will needs to come to the floor of the house when we and will pass into the senate and that will allow us to cutoff the financing and begin the support network to curtail irans proxy and then the last part which you just mentioned, we have to sit down with our european partners. Ive discussed this with some of the ambassadors, and so we need to talk with them specifically about extending out this sunset. We will lead on this but you might be surprised to note that the french for example, have also expressed some interest in expanding out that sunset so that that doesnt expire in 10 years. Lastly, your point about getting on to the military bases. We have in the original agreement arguably and i led the opposition to the agreement on the house floor but there is a provision in there that if we enforce the hell out of this agreement, we could push the point that we need to have access to military bases where there is this kind of Research Going on. We need to do that. Maria real quick is iran going to retaliate here . Well i think iran is already on the march. Iran is already doing frankly everything it can with the 100 billion that unfortunately they got through this agreement. So the choice here is ours, curtail them or not but clearly, the impact is already there. Maria sir thank you. Its easy to think that all Money Managers are pretty much the same. But while some push High Commission investment products, Fisher Investments avoids them. Some advisers have hidden and layered fees. Fisher investments never does. 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We will sit down with the treasury secretary Steven Mnuchin coming up this morning, so stay with us as we get an update on where the administration is in their tax package coming up Steven Mnuchin will join me live and President Trump says hes ready to pull the u. S. Out of the Iran Nuclear Deal if Congress Fails to re negotiate this agreement, former connecticut senator job l ieberman has always been against this deal and he joins me now senator good to see you. Steve you too, maria. Maria thank you so much for joining us. How easy or tough will it be to get our arms around these flaws that the president has discussed including we cant even go view their military facilities to see what theyre doing . Senator i totally agreed with the president s decision that sort of showed again elections have consequences. We went from the administration that stretched to reach this agreement and protected it almost at any cost regardless of what iran was doing to now. This administration which basically says this is a bad agreement for the security of the United States. I thought the president made the right decision, did it in the right way. He could have withdrawn the other day on friday but he basically said to congress, our allies and the iranians were going to pull out of this agreement unless it changes because right now its not in the National Security interest of the american people. Is it going to be hard to change it in congress . It will but honestly what can be done and what should be done shouldnt be there that hard. One were asking the iranians to essentially agree not to develop Nuclear Weapons that was the whole purpose of the sanctions and the deal only puts a pause, puts the brakes on and says in eight or 10 years you can start doing things that will allow you to build Nuclear Weapons again. The Supreme Leader in iran says that he doesnt want to build Nuclear Weapons anyway. Okay lets make that happen. Second, how can you have an agreement that you have any trust in on something this important if you cant really inspect anywhere any time particularly the military sites where they would be cheating if they were cheating and this i rain january regime has had a bad record of cheating a lot on international agreements. Maria the Prime Minister ben am yeah in into a moment ago would not go into intelligence he may have right now in terms of iran potentially working with north korea. Do you believe these two are working together in terms of a Nuclear Program . Senator well, we know enough on the Public Record to know they are. The extent to which iran and north korea are working together , it is the only question. In other words its not whether theyre working together. Its how much theyre working together. I mean, we know that the top leaders of the i rain crane Nuclear Weapons program were in north korea when north korea did some of its first testing of Nuclear Weapons. We know north korean designs for Intercontinental Ballistic Missiles have been reflected in the inter Intercontinental Ballistic Missiles iran has sent up so theres cooperation there. The Worst Nightmare and i dont have any evidence but ill mention it the Worst Nightmare is that iran has outsourced its Nuclear Program to north korea while its on the surface observing technically this agreement. Because theres stuff to be suspicious about, a lot of people laughed at former president bush when he talked about the axis of evil. I think its pretty clear today north korea and iran are in alliance of evil aimed at the United States of america. Maria thats why i bring it up youre right the axis of evil is in my head from so many years ago because its feeling like it is happening again. Let me ask you about the revolutionary guard. Treasury secretary Steven Mnuchin has a big job to understand what he can do in terms of the revolutionary guard how important is it to put sanctions against the revolutionary guard, talk to us about who they are and what they control in iran . Senator okay this is one of the really important things that President Trump did on friday and friday was an important day. Some say oh, he kicked it over to congress. No he took what had been statements before, made it official american policy, and said fix this or im going to withdraw it and he has an absolute right in my opinion as commanderinchief to withdraw from the Iran Nuclear Agreement, because its not even an agreement. It wasnt a contract both parties signed. It wasnt a treaty that congress the senate ratified. It was sort of simultaneous diplomatic promises. Irgc was started out as a private military force created by the iranian revolution because it didnt trust the army and it has grown into one a massive military force with tens of thousands of troops in syria, killing syrians and yemen and iraq killing yemen and iraqis and it also essentially is the dominant force in the iranian economy so if our treasury secretary can sanction the irgc, its going to hurt the iranians economically. Its going to dissuade a lot of Global Companies from going back and doing business in iran. Incidentally President Trumps announcement on friday one immediate effect . A lot of companies who were thinking about going in iran are going to hold back because the risk of doing so now is much higher. Maria i think you made great points well speak with treasury secretary coming up this morning to talk about that and by the way to put a cap on this i was really interested hearing Prime Minister Benjamin Netanyahu say that france is interested relook ing at all of these things because we also have to remember the other five players here but so far weve heard from france apparently that its interested also taking a second look here. Senator good to see you thank you for your leadership we appreciate your time this morning. Thank you. Maria senator joe lieberman. Republicans are eyeing an end of year tax reform hoping to give americans the biggest tax cut in our nations history treasury secretary Steven Mnuchin will join me live to tell me where that will stands in a moment. Jardiance is the only type 2 diabetes pill proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease. And lower your a1c. Wow. 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We turn to tax reform treasury secretary Steven Mnuchin confident a bill will be done by senator but senator ted cruz is warning the process could leak into the new year for more lets bring in treasury secretary of the usa Steven Mnuchin. Mr. Secretary good to see you thanks for joining us. Secretary good to see you as well always great to be with you maria. Maria we were talking about iran a lot this morning with Prime Minister Benjamin Netanyahu so ill get to that coming up. Id like to get your take on things as well but let me start with the budget battle and of course, weve got an important week coming up. What are you expecting from the senate this week in terms of the budget bill going down to the floor for a vote which of course would open the door to reconciliation and the forward move on tax reform . Secretary maria as you said were looking forward to the senates budget vote this week. Its a very important part because it does establish the reconciliation instructions for tax reform. Ive had the opportunity to speak to many senators about this and were looking forward to them passing it this week. That will be a huge step towards tax reform. Maria so that allows you to take the tax reform bill through the reconciliation process. Lets talk about that for a moment because recently, this deduction elimination of the state and local taxes has been a debate. Where are you on that . Is that going to holdup this bill . Secretary maria i dont think its going to holdup the bill and as you know ive had the opportunity to work with the president for over the last year and a half during the campaign on tax reform. Its been his top priority. Ive been working on this since january, and we understand the issue on state and local deductions. As i said ive lived in california, new york and i know the impact on both those economies and were trying to balance on the one hand we firmly believe that the federal government should get out of the business of supporting and subsidizing the state and local deductions. On the other hand, we are sensitive to those economies and were working with the house and senate on this issue. Maria i guess on one hand, if you have a deduction and youre able to deduct your state and local taxes, it sort of gives the governor of that state or the mayors in that city free wheeling to just raise taxes or leave taxes wherever they want. Secretary thats true maria and i know that people in new york and california will say that they send more money to the federal government that they get back but thats because more rich people live in both those states and the way the tax system works, i think you know. The top 10 pay 80 of the taxes in this country. Maria yes, i do know that and ive been saying that a lot which brings me to the conversation of arent some people in this country going to pay higher taxes . If in fact you eliminate that deduction and then you come up with this fourth bracket, you know thats what rand paul and i were talking about this past week. Listen to what senator paul said about the idea that if you do eliminate that deduction and come up with another high bracket for the millionaires, youre actually not cutting taxes. Listen to this, sir. Senator i think one compromise might be for those below a million dollars, they get to keep the deduction or you get to keep apart of it maybe seven points of it instead of the full 12 if youre in new york or california. Theres all kinds of compromises but to me the bottom line isnt so much which solution, its just you dont have a significant number of middle class folks getting a tax increase. I think that kills the deal. Maria 100 , hes talking about the bring its tax cut in history and yet youre going to remove that deduction and youre going to come up with a fourth bracket what about that a fourth bracket for the millionaires, you are talking about higher taxes, certainly for the highest earners they get a tax increase agreed . Senator the top 1 pay about a third of the income tax. The top 25 pay almost 90 of the income tax, so if you take this class warfare of theology and say oh, were not going to cut taxes on those who are successful guess what you wont cut taxes because thats where all of the taxes are paid so im a big believer yes you should cut the top rate. Maria so what about that secretary mnuchin . Are you going to cut the top rate . Secretary well maria as you know, right now, we set the top rate at 35 and the idea there was that in the high tax state, that would not be a tax cut and it wouldnt be a tax increase for them, but were going to work through these issues. We look forward ive had conversations with senator paul and others on this and as you know ive said from day one its been the president s objective that this is about a middle income tax cut. This is not about a tax cut for the rich. Maria right, and in terms of the estate tax, thats something i know youre facing some pushback in the senate. Are you going to be able reverse the estate tax and do away with that or do you think youll have to keep Something Like that in just to get the votes in the senate . Secretary well maria, this has been an important republican doctrine for a long period of time. Its partially a philosophical issue. Its partially an economic issue theres a lot of people that do have Family Businesses that we want them to be able to pass it on whether theyre farms or small businesses. On the other hand as i said this week, obviously the estate tax when we talk about no cuts for the rich, were talking about the income tax system. The estate tax system is just fundamentally unfair, people pay about 50 taxes every year and then they pay another 50 taxes when they die but this will be one of the issues we continue to discuss with congress. Maria so its double taxation basically . Secretary its beyond double taxation. Maria yeah, so in terms of the pushback, secretary mnuchin, is that really what youre seeing state and local Tax Deduction, the property Tax Deduction, and potentially the estate Tax Deduction or is there other disagreements in terms of this overall package . Secretary maria the good news is we have a consensus with the leadership in the house and the senate. As you know weve been working on these issues all year. These are difficult issues. Tax reform hasnt been done in 31 years. If this were simple, it would have been done before, but President Trump is committed and i am committed to getting this done this year and we are confident that thats going to occur. Maria were already seeing anticipation of a better economy Getting Better numbers 3. 1 gdp. Secretary mnuchin i want to take a quick break but when we come back i want to ask you how you get to 50 votes. Are you going to need democrats . How do you see the path towards passage . Well talk about that when we come right back. Secretary mnuchin is with me this morning on sunday morning futures stay with us. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Maria and welcome back we are back for more now with treasury secretary Steven Mnuchin and secretary mnuchin youve been very clear that your priority with this tax bill and this reform package is about job creation and it is about growth and you believe that we will see growth as a result of cutting taxes and that will help pay for the plan. Is the idea of being revenue neutral or deficit neutral off the table at this point . Secretary maria not at all. The math is very simple. We have a trillion and a half dollars that will be in the reconciliation. Theres 500 billion thats the difference between policy and baseline, and we think that we should be scoring this to policy , so that takes the number down to a trillion dollars negative. We think theres 2 trillion of growth that will take this to a trillion dollars positive and if you dont believe in our growth and you believe in half the growth, it will be revenue neutral, so those are the simple numbers. Kevin at the cea is working both internally and with a bunch of economists and once we come out with all of the details of the plan, it will be fully scored, it will be fully supported. Maria what kind of behavior are you expecting in terms of change from managers of businesses, from ceos that are the job creators in this country , if they do in fact see a much more attractive environment if they take money back from overseas, 3 trillion coming back to the u. S. Because of the tax plan, or a 20 Corporate Tax rate or a 25 pass through. What will they do . Secretary maria as you know the stock market is at record highs and theres no question that a significant component of that is in anticipation of us getting tax reform done and regulatory relief done as well so i think the market is anticipating well get this done companies are already beginning to invest. This is about making a competitive business tax system. As ive said before, we have one of the highest Corporate Tax rates in the world, we tax on worldwide income, we have this crazy concept of deferral where if you leave your money offshore you dont pay u. S. Taxes so not a surprise we have International Companies sitting with trillions of dollars offshore so we call this as much of a jobs act as it is a tax act. This is about creating american jobs. Maria secretary, would you explain the road to passage here you need to get to 50 votes and we know that it is long and hard fought process over healthcare and at the end of the day, john mccain votes no, some people who we thought would vote yes voted no, and the deal falls apart. So given what we know about a feud between senator corker and the president maybe mccain did something for personal reasons i dont know. Is the president perhaps potentially damaging the chances of closure getting the votes required by the feuding . Secretary not at all maria and ive had many conversations with senator corker on tax reform. Hes been incredibly helpful in regards to where we are in the budget. I think he was part of the agreed upon compromise to get the budget out of the Budget Committee and on to the floor and i think the senate understands the importance of this and i would also just comment i hope we get a lot of democrats on board as well, because cutting taxes for the middle class and making business taxes competitive for jobs. I think thats something that democrats understand as well. Maria so do you think you will get democrats perhaps from some of the states that the president won like in north dakota . Would Heidi Heitkamp be there, could congressman donnelly be there . Secretary im not going to comment on any one senator where they would be, but as you know weve invited democrat senators to come along on air force one with us and go to the tax speeches and they understand in these states how important this is for their economies and for their constituents. Maria so do you think you could be seeing a mix of republicans and a couple of democrats in terms of voting for the tax bill . Secretary i would hope thats the case as i said this is critical to the economy and i would hope we get Many Democrats voting with us. Maria let me turn to iran secretary mnuchin because of course we know youve been authorized you further sanctioned the revolutionary guard for its support of terrorism. Here is what the Prime Minister Benjamin Netanyahu just told me about that. That is a very important step and i will say we like to see it implemented obviously because the revolutionary guards are the main instrument of irans aggression throughout the middle east. Theyre flying rockets from yemen through their proxies that reach 700kilometers right into the rihad in saudi arabia. Theyre trying to colonize syria and turn it into a military base against israel and against others so irans aggression continues unabated in fact fueled by the megabucks they receive from this deal and thats nothing compared to what they will receive tomorrow unless we change course. Beginning those sanctions on the revolutionary guards is a very important first step. Maria are you planning on instituting those sanctions, sir secretary i am maria and let me just explain that most people may not understand this but sanctions and terrorists financing are a very very important part of what we do at the treasury department. I probably spend half my time on this. So as it relates to iran ive had the opportunity with part of these discussions both at the National Security council with secretary tillerson, with secretary mattis, with director pompeo. Weve had many discussions ive participated with the president in the oval office on these discussions and i fully support President Trumps plan here. This is very important. Ive just finished three days of meetings with my counterparts here in washington at the world bank and imf meetings and ive had very direct conversations with my counterparts around what were trying to do with iran. Maria do you think they will be on your team . Will they agree to sanctions as well . Secretary i think they completely understand theres an issue in regards to the term of the deal. I think they also understand that iran is violating u. N. Sanctions outside of the deal and were going to be working with them on that. Maria secretary, thank you. Maria secretary, thank you. Thank you so much secretary by listening to an thiaudiobook on audible. Ame and this guy is just trying to get through the day. This guy feels like he can take on anything. This guy isnt sure he can take it anymore. Unwavering selfconfidence. Stuck in a 4door sedan of sadness. Upgrade your commute. Ride with audible. Dial star star audible on your smartphone to start listening today. Maria welcome back time for the panel ed rollins former Campaign Manager for the reagan bush ticket in 1984 lee carter president and and and partner at the communications firm. Good to see you both. Executive order last week from the president on healthcare, your thoughts . My thoughts are he basically is living up to the law. Money has near been appropriated it was authorized in the bill do get companies but never appropriated if you dont appropriate it until legal and federal court told him the Justice Justice Department Said you cant spend that money. I think its fascinating the way hes doing this from daca to this using executive orders to Push Congress to do their jobs, but the bottom line is Congress Needs to coming to and get healthcare donor else people are in a lot of trouble so this is very interesting move on the part of the president and a strategy he has to move forward to get things done. Maria so you think this is the right move then . I think its at the federal court you cant spend money not been appropriated by congress. Congress sued obama and the bottom line hes undoing all these executive orders that were not properly executed biowoman a maria a word on tax reform well hopefully see the budget bill go to the floor and the senate this week theyve been on vacation so once that happens the doors open for reconciliation. Steven mnuchin was pretty confident he will get the votes your thoughts . I think hes a little overly optimistic. I think theres a long ways to go and they havent been very good at counting votes so far and they have a hard battle ahead. Maria hard battle ahead . Im concerned because when we talk about removing deductions on the wealthiest youll get conservatives who say this is not a typical conservative bill so he might lose republicans and thats a big concern and when he has many democrat democrats i dont know who they are maybe one or two. Maria well theres donnelly, heitkamp, theres minnesota chin but none publicly said ill support the president. I think if they were they would be out talking about it. Maria if they dont, arent their states, their states were won by President Trump. It doesnt matter ive done this for 50 years. Theres no guarantee because a president ial Campaign Wins it the senator can go different. Maria sounds like youre skeptical of the tax reform . I think they have a lot further way to go than the treasury secretary. I hope hes right. Im skeptical i want more details and hear them selling this plan better. I do think theres issues the way they present it for the conservatives to take on especially when you talk about the wealthiest not getting a tax cut and i think theres a lot of democrats who are easily saying this is for the wealthy not for everybody else so a lot of talking points arent being taken. Maria well leave it there, Lee Carter Ed Rollins great to see you both an abbreviated session today. Ill see you tomorrow its easy to think that all Money Managers are pretty much the same. 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. 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And President Trump vowed to cancel it all together if congress