One of the provisions seen to be in violation of the senate rules. One is the title of the bill. Other is to use the College Savings plan for home schooling, and the criteria of whether endowments for universities are subject to the excise tax. The House Speaker nancy pelosi putting a statement out saying the house revote is the latest evidence of how shot how shoddily written the gop tax scam really is. The public is going to catch on. They will see this as a con job and it will catch on it will give the middle class the shaft. Accusing the republicans of hating the poor and loving the rich has nothing to do with reality. But they are getting more desperate and vicious in their attacks. Reporter all that being said, this bill will likely pass in the senate this evening. With arizona senator john mccain home in arizona and the republicans would have their tax bill passed. Then because of those rules violations, tomorrow morning it would likely be passed again, then and only then on to the president for his signature. One final note, this debate on taxes may be only part of the drama we see on capitol hill. The government is only funded through friday. So the possibility of Government Shutdown is looming over everybody. The House Rules Committee is meeting to get set the initial spending bill to fund the military through september 30 and the rest of the government through january 19. I know its something people havent been talking much about because of the tax debate. But after tomorrow, its pretty much all anybody will be talking about. Charles i want to bring in congressman dave brat. It reminds me of that patriots game. Your last guy on cnn just called this a tax sham on a news reporting channel. A single mom with a kid gets over 1,000 back. The average family gets 2,059 back. Thats the middle class fact. Nancy pelosi is calling this a frankenstein bill. They are good at rhetoric. But they dont have a healthcare bill or a tax bill or a budget bill. They are complaining about the deficit yet at the end of this week you will see chuck and nancy pushing for spending increases. Well provide corporate rates down to 21, make us competitive again. I taught College Economics for 12 years. The kids graduating college cant find a job. You can see whenever two senators sneeze over here the stock market goes down. And then the real underlying economy is solid. The feds for the first time in years is doing rate bumps up. That shows you for the first time the real underlying economy is solid. So we have good news all the way around. Charles the market goes up with those rate hikes. Obviously now republicans, everything hinges on this going into the midterm elections. Lets face it, the p. R. Side hasnt been your friend. Most of people are anxious, even though very few have read it. What happens if some of the number crunching on your part doesnt work out and it seems to the general. You the top taxpayers get the breaks. In charlottesville, average family premiums 39,000. If you want to do news reporting. That policy didnt work out so well. This thing we know whats in it. The house and senate got together on a conference and the bill ended up better. We helped out students on the interest piece for student loans. The medicare piece is fixed. I wanted Small Business to be equitable with the ccorp rates. My district is overwhelmingly Small Business. We have done our homework. Its there. The stock market is independent evidence everything is booming. Charles ill talk about that later in my market segment. Last time President Trump cut a deal with chuck and nancy. So it looks like this is going to be perhaps where they take a stand, even willing to shut down the government. All the democrats voted to shut down the government and the republicans voted to keep it open. The republicans kept the government open. The democrats on the last cr voted to shut it down. Charles the rhetoric is heated. This is a legislative win for democrats and republicans. You will see the democrats will try some desperation friday. Get some rest because it aint over yet. They are desperate because they dont have any bills, they dont have any plans and we do. If they have a fix for obama care and tax rate reduction, if they want to extend the individual rate reduction to make them permanent, lets do it. Charles in the meantime, i want to go to my panel, tammy bruce, angie and oand and g pirks snno. Tammy once this red rick is done, people will see how it affects their lives. The democrats are saying things that are proveably untrue and the American People will see them as liars. Everybody said on the left everybody was going to die because of Net Neutrality would be taken away. Now they are saying you will die because of this. The American People are looking at rhetoric. This is classically what that man stands for. You see some crowing on twitter and social media by Kevin Mccarthy and others that this is finally americas back, and all it took was donald trump. Its one bite of the am. The death tax is in there. Jianno, your initial the thoughts . It was 31 years from the last major reform. Donald trump got it in his first year. This an imperfect bill. 12 House Republicans voted against it. Beater king and darrell issa voted against this bill. There are some fixes, but overall this will be been foights American People. This is probably one of the better deals we could have gotten. When we think about the 7 brackets and five those brackets there has been a reduction. If there is something more to do, well see it come forward, especially with the obama care mandate. Charles the corporate side of this, you get hand wringing. I was told from a very, very, very high source wall street just has gone the away and brutalized anybody who tried to suggest they would go against it. People from frustrated because it feels like the fat cats always carve out their part. Tammy president obama didnt want to govern. This is President Trumps bailiwick. And hes learning. Charles report americans in ohio and pennsylvania. Tammy this is where President Trump comes in. They will do it kicking and screaming. And also when you have got this tax cuts for individuals expire but the ones for corporations dont. But these things are unnecessary. The republicans are controlling the government. We expect them to do more. You dont get just one chance in 8 years. This is where you are dealing with the president who is the deal maker. I think he thrives when there is opposition. So well see more and we have to make sure the president realized we expect more. Extra injure is the strategy is the most of important item here. Republicans finally have something to sell to the American People. Look what we accomplished. Charles well talk about the messaging and selling this. But when people start seeing more at the bottom line in those checks it goes a long way. Charles lou dobbs is going to host a special twohour edition tonight for the senate vote. Coming you have, more on where this tax bill stands in the senate. Keep it right here on fox business. I accept i dont conquer the mountain like i used to. I even accept i have a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. But whatever trail i take, i go for my best. So if theres Something Better than warfarin, ill go for that too. Eliquis. Eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. Eliquis had both. Dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. 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Why arent you using this guy . It makes your wifi awesomely fast. No. Still nope. Now were talking it gets you wifi here, here, and here. It even lets you take a time out. No no yes yes, indeed. Amazing speed, coverage and control. All with an xfi gateway. Find your awesome, and change the way you wifi. Charles you are looking at live pictures of the senate floor where a debate overred the tax business under way. It looks like they are going have to vote on this bill again assuming the that passes the bill tonight. Joining me, a congresswoman who voted for the bill. Initially you pushed back as well on the adjustments of salt. Initially it would be no state and local Tax Deductions. A compromise was carved out. That was enough for you, but what about your sticks new york and four new jersey colleagues. My district is a very poor district. We have a lot of the outmigration of people and jobs. Iconic businesses, Remington Arms and other businesses in my community have left and so have people because of the oppressive tax burden from albany. I know how people and School Districts suffer under albanys crushing taxes. Thats Alban Christmas problem, not the federal governments. We argued and fight to get restoration of the socalled state and local Tax Deduction up to 10,000 not just for property, its income, sales and a net amount. We also brought back the dependent care credit. I parades my son as a single parent and took care of my aging and elderly parents across the street. We gave a lifeline to oppressed new yorkers. Many things were added back by the sheer resilience and the fight on members like me. Pain quite honestly this tax bill will do well for our low and middle income taxpayers. It will be tough on hightax new yorkers. Unlike what chuck and nancy are saying. Charles they are complaining nancy pelosi is complaining about someone who has a mortgage over 750,000. You talk about a total disconnect from most of of america. But i believe there is a more compassionate component to this but there are also no spending cuts that are missing from this. Overall do you think this will have the sort of impact to give republicans the vote in 2018 so they can make adays changes to the tax code . I think it will promote growth. They will sight on their paycheck. They will be paying lessor in some cases no federal knock tax. We are hoping the democrats will get on board and see this is an important step they need to take to help our taxpayers, especially in new york to provide permanent relief. The corporate side is permanent. We needed to give corporations the incentive to invest for the long time. Cuomo spends money on cronyism and they wonder why they are last in business. Charles these policies create income inequality. I appreciate you coming on. The president has had some major policy accomplishments in his first year of office. Well bring in a panel to grade the president. His first year has almost ended. You can tweet me your thoughts next. Charles despite several roadblocks like the mueller investigation, even some of trumps biggest critics are starting to realize some of his biggest accomplishments for starters, the economy is booming, the stock market is sooshing. And obviously americans are going to reap the rewards. A lot of folks dont realize they will be happy they dont have to pay nose Obamacare Mandate penalties anymore. Adriana, let me start with you. Its getting to that point where you start to give out the first year grades. What would you grade President Trump . Where do you see 2018 going . Im going to give President Trump an a minus because he has had a phenomenal year. You have the tax reform coming. Historic. And he crushed isis. Look what happened in the Obama Administration, isis gained ground and established a caliphate. He increased our security at the border. It goes on and on. He had so many great significant achievements with enormous head winds. Look how rigged and stacked the media is against him and democrats wouldnt work with him. Imagine what he could accomplish if he had sanity restored to the Mainstream Media and democrats reasonable and willing to work with him. Charles Sarah Sanders had to bring this up again today. Hopefully upon passage of the tax cuts and jobs. The president will have delivered the most of significant tax cut in the history of the nation and repealed the Obamacare Mandate. The president has delivered on his promises time after time and we are only getting started. Charles its tough to deny this has been a great year for him net net. The white house is starting to be more proactive to drawing attention to its successes. The white house is actually been able to confirm for appellate judges. We are look at 12. Justice Neil Gorsuchs confirmation is something the white house is happy to point to as his main accomplishment of the first year. The success over the Islamic State in iraq and syria is something the white house is serious about. Even though they failed at one of its first major endeavors, healthcare, that set the tone for the assessment of a lot of its accomplishments, but the white house is still able to get things done. Charles the main criticism from President Trump is his tweets draw a lot of attention and some of them dont draw the right attention and that has taken away from his accomplishments. There is more attention paid to the salacious tweets. But there is no denying President Trump has gotten a lot done in this first year. And i think the white house is starting to be more proactive now that we are looking at one year retrospective being published in these name newspapers. Charles a republican congressman is calling for an investigation into reports that the Obama Administration undermined an antihezbollah task force. Charles a political bombshell that the Obama Administration put the investigation toib the hezbollah drug operations on hold to make sure the iranian deal premade on track. Congressman, thanks for joining us. This is salacious stuff. Its scary the lengths the Previous Administration went through to get this iranian deal done. Its an egregious violation of the president s responsibility to protect this country. Thats why i want an investigation. We have people from the department of defense who have spoken out openly with their names saying they were impede in this investigation. We must find out what was done. The impact of this is extraordinary. Hezbollah is responsible for transporting a billion dollars worth of the arms and drugs in exchange for cash. They are a major factor in our war against terror. I just hosted a meeting in but even a inbuenas aires. Charles this was a campaign prong launched by the dea after they unmasked a whole bunch of evidence that hezbollah transformed itself into an international drugcrime syndicate cartel. They were impeded by individuals in the administration. People have spoken out to this effect. I think its critical we get to the bottom of it. I believe the attorney general needs to be fully even ganged. Charles one of the more shocking lines is the Obama Administration threw an increasingly insurmountable series of roadblocks in the way. If this is true, was it to appease iran or at the request and demands of iran . We dont know. But we need to get to the bottom of it. Many people were involved in this article. And a number of them are named personally. This well researched and wellsourced document. We need to understand. Because clearly this was done to help process a very misguided agreement with iran. Every one of our friends in the gulf states has said to me that it was a poorly constructed deal. One of them said we negotiated an agreement. We know iran, if you dont, we do. Obviously well bring you back soon to get an update. We would like to bring in our and, gayle trotter, also back with us, tammy bruce. Gayle, what do you make of this . First kudos to politico for their indepth and risky reporting. Americans thought they got nothing from the iran deal, and this week we learned americans got tons of cocaine. We also learned that probably 300 used Car Dealerships in the United States were used to launder money in furtherance of terrorist operations. Its a shocking admission that the policy of promoting this iran deal allowed the vital functions of the federal government to be pushed aside to get this deal through. Even as this was being negotiated. One observation was the administration was bend over backward to make it happen and iran was taking advantage of it every single step of the way. Tammy we have 1. 6 billion in cash moved to the major state sponsor of terror in the world, iran, we know they paid in cash multiple currencies. Manage if ms13 was a statebased Terror Organization or death squad, thats what hezbollah is. Barack obama didnt just have treasury and justice involved in this. They didnt just have them look away. Actions we took aloud them to form into this global terrorist death squad like calling isis the jv team. Charles the jv thing was perhaps a miscalculation. This is something more sinister in many ways. Tammy whether its a direct aggressive dynamic, barack obama felt having cocaine flowing into this nation, destroying the lives of americans was worth his legacy. Because thats the bottom line it was the drug trade moving up from south america into the United States and the destruction of peoples lives because that man wanted a section for his library. This is outrageous and thank goodness well get an investigation. Politico, not a rightwing organization. Good job on this. Charles i dont get excited when you say well have an investigation. Do you think we can get to the bottom of this . Its whether congress has the will to do so. But we continue to have statements like the National Director intelligence under obama said this week putin was running President Trump like a russian agent. Yet here we have evidence for the congress to see iran was running obama like a hezbollah drug dealer. If congress doesnt answer for the potential danger of all this cocaine coming into the United States and the cash. We have something to answer for. Tammy things disappear in congressional investigations. Perhaps this is where Jeff Sessions steps up. Charles ted cruz tweeted out, Senate Judiciary committee should hold hearings on potential obstruction of justice that may have cost american lives. In the meantime the imagine averages sort of drifting. But the economy is on a tear. You should see the evidence i will share with you tonight. I think its just started. Keep it right here on fox business. Charles you are looking at livt footage of the senate floor for the debate on the senate bill. That amounts, over the course of the week, to about 10 pounds of carbon dioxide. Growth is good, but when it starts impacting our quality of air and quality of life, thats a problem. So forwardthinking cities like sacramento are investing in streets that are smarter and greener. The solution was right under our feet. Asphalt. Or to be more precise, intelligent asphalt. By embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to analyze the flow of traffic. That data runs across our network and we use it to optimize the timing of lights, so that traffic flows easier and travel times are shorter. Who knew asphalt could help save the environment . Charles the stock market rallies as investors watch the final saga of this tax bill. Truck manufactures posted a blowout quarter. 62 better than expected. The great news is the confidence is driving the guidance from the company. Management said we think 2018 is shaping up to be one of the strongest industry years for this decade. The earnings shouldnt actually have been a major surprise considering recent increases in class a truck orders. Trucking industry will be powered for the next several years because well have a stronger u. S. Economy. Also this morning, Housing Starts surge well above wall street consensus. Single family homes surged to levels havent seen in a decade. They were up 5 . The best part of this news is millennial household formation is driving demand. But we are reminded of how harshly the housing sector has been hit, particularly during the great recession. The current level is below the 2006 peak. Great, great news. Not only household foreif nation growing. But longhorn steakhouse blew out their averages. After the close wbl Micron Technology beat the street. Shares are higher and the news i like is from fedex it under scores this is a surging economy. Not only did the company beat the street stop margins and earnings, management noted that tax cuts and job tax it could increase earnings by 5. 50 before pension obligations. When thats paid you will have an extra dollar to the bottom line. I will have all the details on this. Be sure to get my free commentary. There are concerns looming over potential negative implications. Can wall street change americas perception of ways an amazing bill. [lance] monica, it is absolute chaos out here gale force winds, accumulations up to 8 inches. 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Im the new sleep number 360 smart bed. Lets meet at a sleep number store. Charles the tax reform bill is near the finish liner. But. Americans are not in favor of this package. How do republicans change that perception . Its a messaging issue. Here to break it down, chairman and ceo of patriarch organization. You are two of the best guys talk to about this. Sarah huckabee put out a couple tweets to explain how a family of four making 45,000 would benefit and she goes into those press conferences and you would think no one there understands mathematics. We do face an uphill battle with the Mainstream Media. But one thing we do have the benefit looking forward. Once this is passed, americans will see more money that their paycheck. Charles i get that and i get the art of low expectations. But the stakes are pretty high. In 2018 the American Public will have to feel this thing had as meaningful impact on their lives. I agree. I think what you want to do in these types of situation. In the era of fake news, show the facts. I have a big billboard in times square. Where every new job you want to show it. You highlight it on the billboard. You name the company that released it. Every bit of that trillion dollars that will likely come back from overseas. You do the same thing on wages as Different Companies raise the wage at their firm. Highlight it. Show people. These things are coming. But we need a scorecard. We want to show people. Thats the best way to do this. Its not about the tax cut and the plan. Its about the implications. You want to show it in as many different ways as possible and allow the facts to speak. Charles jim you might have gotten 2,000. But some guy on park got 60,000. Its a sad message. We should be able to celebrate our own accomplishments in life and not look down on ourselves because someone is making more but its an effective tool for democrats. A great example, a family of four make 85,000 a year is going to get a 20 tax cut. The same family that makes a million a year will get a 3 tax cut. From a percentage standpoint its a difficult message but we can show the numbers that show the middle class are getting the benefit and reinforcing that. With a growing economy, High Consumer confidence. The way is there for us. Charles there are a lot of people who went into the booth last november and pulled the lever for President Trump on state and local Tax Deductions and other things. Do republicans he brace that and own that and promise to fix it later . I think you have got to own it. This is obviously not the time. But in reality its not thats people overall. Where most of of this voters came from, it certainly isnt here in california. So i think you can argue in other places, too. But i hope they fix it. I do. But i am happy to see that we are doing the right thing overall. Thats the great thing. The great thing for the country to build jobs and wages. Ceos like me and others, im slating to hire another 20 people right out of this. I have friend who will do the same thing. Charles i would add carrying interest. Keep us in power and well give you the rest. Thank you both have much. A reminder for you. We have special programming for you. Lou dobbs will host a pegs twohour edition tonight for the senate vote. A government substitutedown may be the grin a Government Shutdown. We have the details next. Charles government shut down is looming if congress cant pass a spending bill by friday at midnight. The fight over defense spending, health care and daca, is escalating on both sides. Vince, democrats siemen trenched on this daca issue. And President Trump is equally entrenched it is not going to happen. Right, and idea you would hold up the government for those not even citizens puzzles most taxpayers. Accusing republican parties of being hostage takers and legislative arsonists for getting close to shut down government for issues that dont have anything to do with keeping it open, they have boxed themselves into a corner. Charles senator schumer addressing the issues, to have Government Spending bill. A new cbo report that says 2 million illegal immigrant dreamers would cost our government 26 billion over next decade, and chain migration adding 80,000 people, and President Trump said yesterday that is part of our National Security format now. This is a very disappointing time for folks to try to insert legislation, at the end of the year, this is a serious issue. I found out one of my friends is a dreamer. I had no idea. This something that impacts real people, President Trump said he has a heart for dreamers so do i, there is comprehensive Immigration Reform necessary, not throw something in at end of the year for political points, they know it not going to pass, if you are serious have a real conversation about it, and there will be some folks that may be able to come in, but others are not. We have to be realistic. Charles to your point this such a big issue. There are republicans who would like to fine a compromise. To hold spending and government hostage on this could be a major mistake for democrats. There are real lives on the line, there has to be something done and is a serious conversation. There is a slight of hand going on here too. Daca recep yens recipient, that say different piece of legislation. Democrats trying to make sure that americans dont know which group were referring to. Charles from are a lot of nonessential workers, this is a dangerous gam bet, we have a lot of socalled nonessential workers. I dont think that democrat want the no nonessential workes in the government, and then find anything to do with them. Charles he is willing to compromise but, a huge mistake, if Chuck Schumer and nancy pelosi decide they shut the government down on the eve of christmas, thank you for watching, we appreciate it keep chiming in lou dobbs, you got him for the next two hours. Lou good evening, republicans tonight on verge of enacting the biggest overhaul of our tax system in more than 3 decade, the house this afternoon passed 1. 5 trillion legislation, tonight we await the senatey vote, well have special coverage on this critical vote with an alist lineup of guests, chairman of ways and means profity, kevin brady, congressman mark meadows, congressman andy big gs joining us here tonight. There are