Do sit hearing in 2017. I am going to bet you that the house is more republican and the senate is more republican as a result of the midterm elections right now. The senate could be. Lou we have a bet . And well set the terms of that bet. Would you like him in on this action . Ed no, i just want to watch. Lou you are such a careful man. Ed hes a journalist he has to wait for the facts before he writes them. Michael i spent my life in daily newspapers. Lou this president i think has the wind at his back. I think the Republican Party does, and the national leftwing media are just about to discover how strong a wind that is. Well continue here in just a moment, and what do we want to do here because we are waiting on developments because first of course for the senate later tonight to pass the thanks reform legislation. House has passed as i said the first Major Overhaul of the tax system since 1986. And i keep hearing producer who are so faint that i had no idea we are going to chad pergram. Vice president pence will be breaking a tie if need be. Fox news senior producer for fox news, chad pergrom. We are about 3 1 2 hours away from the vote in the senate. This will pass. We dont know the position of jeff flake, the senator from arizona. He voted yes a couple weeks ago. With 99 senators voting. John mccain is absent. They dont expect Vice President pence to have to break the tie. Even though this has to go back to the house of representatives tomorrow, they have passed this bill no matter what. You may have heard chanting and roaring. There are a lot of protesters in the capital protesting against the tax bill. There were several arrests and we might have some arrests later tonight when they go to that vote about 11 30. Lou how long before the vote did you say . We are thinking around 11 30. I am told they are booked for speakers on the floor until 11 00. Close to 11 30 they will start the second part of the vote. The time nusmght s. Senate is not swift. They allot 15 minutes for a vote. Injury and booking times it will stretch out to 1525 minutes. Lou is there anything besides a simple test of stamina requiring them to book speakers . You make it sound as if a great public demand is being met. How many speakers are there . This is a chance for senators to get up and talk on the floor. They didnt get the bill until 3 30, 4 00. That set into motion 10 hours of debate. A bill of this magnitude could cake severals if not weeks. Senators can talk and certainly senators from both sides of the aisle are having their say on the senate floor. Lou i cannot make out who is at the lectern. Senator Sherrod Brown. Democrat of ohio. Hes in play this year 2018. Swing state. Midterm. Lou hes going through the most of interesting antics with the low arm movements. I cannot make out what hes doing. But his jess i cue thraition is first rate. I dont know about this rhetoric or his speech. Perhaps hes imitating bob feller from the 50s. Lou the problem with that is hes not coming over the top as i recall those pitchers determined to do. Chad, he will be back with more baseball, more Sherrod Brown and i suspect a lot of other folks in the course of this evening. Bob scel a and herb score, too. Lou our next guest says tax reform will deliver americans the tax reform they voted for last november. Congressman mark meadows is the chairman of the freedom caucus. Its great to see you. Congratulations. Its great to be with you. We are just a few hours away from an historical moment on the senate floor. But as it comes back and you have been reporting on that this evening. As it koments comes back to the house tomorrow, as it comes back to the house tomorrow. You will see jubilation as we vote once again in the house tomorrow. Lou do you find there could be Great Universal justice in the fact Sherrod Brown is opposite you on the screen . He is going through antic after antic. I love his enthusiasm for whatever it is hes saying. As you dominate the conversation with whatever you wish. You are very kind there, lou. One of the great things, about all Sherrod Brown can do is make a lot of antics on the senate floor because we have the votes to make sure we allow the american taxpayer to put more of their own money back in their pocket to spend. The votes are going to happen. I was with the president today. Hes excited about signing this into law. He believes not only is he delivering on a campaign promise. But hes been actively engaged personally to sell this to members in the house and senate. If anybody under estimates the ability of this president to get things done, he looks no further than this historic moment on tax reform. Lou im told by one of our producers that Sherrod Brown is talking about the allocation of the tax cuts which i infer to mean 23 of the total tax cuts going to the middle class. Sherrod browns seems enthusiastic about that. I would say since he is a big critic of the president and the plan. Well, sherrod has another election hes running for. I can tell you i have talked to manufacturers in his home stated who are so excited about the fact they will be bringing jobs back from overseas to the United States because of this particular tax bill. But its also those middle income wage earners. What they will be able to do is see relief and real tax cuts. I find it interesting we have to change the name of the tax bill because of a parliamentarian on the senate side. I have never seen that to be something that would be under the purview of a parliamentarian. But we are changing the name of the tax bill. What we perhaps need to say is this is about cuts cuts cuts and making sure the American People benefit in an unbelievable way like never before. Lou one of the things im getting a kick out of. Customer rod brown Sherrod Brown is standing there talking engagingly and he keeps back up toward the double doors, then he goes back and even opened the door as if there is something behind that door that we need to know about or perhaps is about to enter through those double doors. The suspense is amazing. Perhaps hes going to bring in a prop to the senate floor to describe what nancy pelosi did earlier on the house floor. Its all about his message, a message they roll out each and every year saying its only going to benefit those at the top of the income bracket. I can tell you thats noted the facts. Someone who makes 73,000 a year, their average tax cut will be over 2,000 back in their pocket. Its all rhetoric. The campaign of politics, give to one, take away from another. This will be good across the board. Lou why would we not open up the screen to congressman meadows in its entirety so we could conclude our discussion without the distraction of the senator who is note microphoned and frankly i am tiger of trying to divine his intent and his message. Hes done a brilliant job of it. Live tv. You are getting it first. Just a few hundred feet from me is Sherrod Brown going through his antics. I will try to make sense of it from here. But its hard to make sense of what the senate does. Generally they take more naps than votes. Lou if you are going to pile on the senate even before they vote, a man of courage you are. Well listen in this law isolated instance. Its great to see you, congratulations on a great day. By the way, i picked this up with chairman brady. There is no chance you all organized this parliamentarian shift in the senate so you could get another vote for tax cuts or as kevin brady it, the on thing better than voting for tax cuts once is voting on it twice. We knew there may be two or three small glitches. They are not fatal to the bill. The administration was aware of that. For the American People and the markets, tomorrow midday well be signing this and sending this bill on to 1600 pennsylvania avenue. Lou we watch the market like hawks here. And im look for some considerable celebratory rallies in the markets tomorrow across equity, bond, commodities, futures, you name it. I love this. I love congratulating the heck out of you guys. Lou the push for historic tax cuts goes on. The bill is going to pass and go to the president as is. This is significant thanks relief. And equally important we are going to give American Business a chance to compete globally. Lou we take it up with steve forbes. How important is this vote to american competitiveness and our destiny. That and more after the break. Stay with us. Today were out here to test peoples knowledge about type 2 diabetes. So you have type 2 diabetes . Yes i do. True or false. Type 2 diabetes more than doubles your chance of dying from a cardiovascular event, like a heart attack or a stroke. That cant be true, can it . Actually, it is true. And with Heart Disease, your risk is even higher. In fact, cardiovascular disease is the 1 cause of death for adults with type 2 diabetes and Heart Disease. But there is good news. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is 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. Thats good to know. Jardiance can cause serious side effects including dehydration. 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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. Lou joining me now force media chairman editorinchief, steve forbes. Well see the senate vote through as the house has already, tax reform, tax cuts, the largest since the economic recovery act of 1986. Some of us go back that far. How big a difference do you think its going to make to the markets and economy. We are look at the most of recent reading on the 4th quarter gdp. Its right under 4 . Steve what this bill will do is well get revving up business investment. In order to have a higher standard of living you have to invest more. This socalled recovery of Barack Obamas marked by tepid investment. Consumers will get a boost, business will get a boost and this will mean in the next two or three years, wages will go up. Not only will most of people keep know what they earn, but their paycheck is going to go up. Its called raises. Something we havent had a lot. Lou wages moving up 2 over the course of the last year. But the trump effect on this economy, we need to see sustained wage growth and sustained job creation and we need to see the middle class moving up, growing, not contracting as it has the past 20 years. You are going to see that. People dropped out of the workforce will start to come back in. You will read more stories about labor shortages. Oh, the fed, is the economy getting too hot. Lou the president is fully appreciative. The impact of his call for the building of that wall on the southern border, constraining immigration into this country when we need to do with building jobs for americans, hire america, buy american and america first. Steve you are going to see when this economy really novels, thats why they are going to have to beef up the border. You are going to see more people trying to get into this economy. Lou well see the impact of it. We saw that 2001. We saw job creation the most tepid in the face after tax cut. We saw the export of manufacturing jobs that are now returning under trump. Because of the influx of Illegal Immigrants who were competing for urn skilled positions within our economy of and the result was testify id. Hiring for americans. Steve what you are going to see now, getting this Corporate Tax rate down to 21. You will start to see immigrants coming in. You will see some of that. But capital flowing in. We have the best economy in the world. The best legal system in the world. Lou you are talking about a meritocracy bringing in skilled, educated migrants who would augment our work force. Steve yes, and we know who they are. But in terms of the economy, we need an investment boom. This is a step to it. Amazingly the past couple days, the bill got better. They took out a lot of bad junk. They had in the house provision 20 tax for companies that brought in stuff from overseas make their stuff here at home. It wasnt suppose to still be in there. On the house side, well name no names tonight because we are in a celebratory mood. But they took it out. And thats a good thing. On the individual side, and thats what i hope President Trump says when he signs this bill. This is a down payment. Well do far more for individuals in the next rounds. Lou one of the great surprise and i delights after he waiting most of people of is they do not appreciate what the president has created here, the repatriation of capital at a rate that will be good for the treasury, for corporate investment, investment in if equipment in this country. Its going to be powerful. Very powerful. Steve its will be powerful. With these low rates there will be every incentive to put the money to work instead of just buying back stock. Making capital, putting capital on steroids. Maybe i shouldnt say that word. Lou heads are only a problem if you are playing amateur sports. Steve forbes, great to see you. Steve ill be staying up tonight. I want to see this happen. Lou im going to stay up as much as i possibly can. Up next, republicans looking to deliver President Trump a victory on taxes. The senate set to deliver the biggest tax break to the economy in decades. Traders theyre always looking for advantages. The smart ones look to fidelity to find them. 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And before starting xarelto®about any conditions, such as kidney, liver, or bleeding problems. Its important to learn all you can. To help protect yourself from a stroke. Talk to your doctor about xarelto®. Theres more to know™. R. Lou Chuck Grassley calling for Deputy Director of the fbi Andrew Mccabe to step down because of a number of conflicts of interest. They now scrutinize two antitrump texts. One email from strzok referring to a meeting in andys Office Discussion an insurance policy against donald trump gaining the presidency. Mccabes wife pocketed 700,000 in Campaign Money as she ran as a democrat with various groups affiliated with Hillary Clinton at the same time mccabe was investigating clinton in her seem scandal. Why does every Inspector General take so long to come up with what should be simple conclusion. It was mccabe investigating the russian bribery plot with uranium one. Joining me former reagan political director and fox news contributor, ed rollins. Ed the attorney general is not exclude from this. He can sit down with the Deputy Director of the fbi and the new director of the fbi and say whats going on here. Senator grassley is like a bulldog. When he gets ahold your leg, he will chew it until it comes off. This investigation needs to be in the open. What was their plan . Lou do you think it american supreme had a belly full . Lou any time they say Inspector General it means you wont get a straight answer to your question. Ed we spent many years trying to rebuild the fbi after j. Edgar hoover. Lou i get, the fbi and the Justice Department is great. But the truth of the matter is the leadership of the fbi and the a. G. , they are rancid with corruption. Ed certainly bad judgment and corruption is a good term to use. Lou what are we going to do . Ed if you wait for the Inspector General it will two years from now or mueller will be at least a year. Or the attorney general to fire them. Hes the boss of that agency. Lou hes been absent. Ed since inauguration day. Lets turn to tonight. These tax cuts. How important do you have think they are for the president , for the Republican Party, their chances in winning the 2018 elections and consolidating their control of both houses and the white house . I think its very, very important its a monumental under taking. They did the with severe opposition on the other side. It will benefit people. People will see it quickly. By the time we get to november, i think republicans need to talk about this every day and argue, democrats didnt want it. We wanted it. Its a win that will benefit this country i am measurably. Lou do you believe the has successfully fought through the noise, the ignorance and the efforts of the left to subvert his presidency . No president in history has done as well as he has with the markets with the economy, no president has reversed the decline of a countrys Foreign Policy, this countrys Foreign Policy as has he. Its been a remarkable performance throughout a time hes engaged in seemingly hands to hand combat with the national leftwing media and the deep state. Ed nobody likes to fight better than he does. He reminds me of harry truman. Harry truman at the end of the day was one of the great president s of this country. He wasnt at the time. Trump undid all the junk obama did that most of people didnt understand. Every day something new comes out pushing the iran deal. Lou this not a single instance in the Obama Presidency in which tbailsd an issue he did not decide on the side of the radical islamists. Is there not an exception to that that i have been able to find. Ed he came into office as a social work and spent every day working as a special worker. Trump came in as a businessman and every day hes acting like a businessman and a leader. And people around the world may not love him but they respect him and thats a very good place to be. Lou up next, we are awaiting the senate vote on President Trumps historic tax reform legislation. New years day america will have a new tax code for a new era of american prosperity. In february, february 1, look at your pay checks. You will see the tax relief we delivered today. Well be analyzing the impact of the bill on the middle class with matt schlapp. He joins us next. Well be right back. 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. Lou congress is nearinged the finish line on the largest tax cut in four decade. The house passed the bill in a 227203 vote earlier in the day. But then something happened and the Parliament Area in the senate didnt like it. Three provisions in the bill, one that would allow parents with College Savings account for home schooling violated Senate Budget rules. The house will be voting again tomorrow on a final bill. We are told to expect that sometime after lunch tomorrow. Joining us tonight is matt schlapp, chairman of the american conservative union. Watching with great interest as all of this history is being made object capitol hill, matt, lets turn to this parliamentarian who has such awesome power over the senate and the dispatch of legislation. Your reaction. Matt i think we might need a new parliamentarian, personally. Every time a piece of legislation go to the the senate, the parliamentarian likes to get their fingerprints on it. It might have been better to start in the senate. It looks like amateur hour that they have to go back to the house. But its been an interesting year and its going to end pretty. When you think of where we were with all that was going on with general flynn, the transition team, all of the aspersions against the Trump Campaign by the left, lets be straight ahead forward, by the establishment left as well as the establishment right, the deep state, the Intelligence Community assailing this president to think where we are now and what he has withstood, and by god, President Trump has given as good as he has had to take. Its something we have never seen in this country. I dont know what it was like in our countrys founding. All we can do is read. It couldnt have been as nasty against one singular figure the last two years it has been against donald trump. You look at andrew jackson. There was a man who was under assault constantly. I often wonder how it worked out for a lot of people if President Trump had had the right to settle some of this. First of all, i would manage most of i dont think most of people would have even entertained the prospect. We have modern forms of it now, lou. The modern for allows a pencil necked geek who is basically afraid of his or her own shadow to run and hide after committing acts of dishonor against the state. I dont like the modern form too well. Matt when you talk about the swamp, to me, i have had a lot of government experience, i have been in this town too long. When you have a republican president like donald trump trying to change the way politics works. If the bureaucrats and agencies who push back mostly anonymously with their friend in the leftwing media. Its you are biggest problem in the country. Lou the pope coming out against fake news. Its the first time i have seen the pope line up behind President Trump. Saying its a sin to be rehashing old stories, to be acting as they have. It was really quite a statement on the part of the pontiff. Matt definitely. Im obviously a catholic. I would say stand up for my liberal pope. Lou you mustnt do that, matt. Matt my mom is watching, lou. You look at the trump attacks on the swamp and fake news and the liberal media. Over the course of the year hes winning these arguments. Hes winning the arguments that the special counsel investigation is out of control. Hes right about the leftwing news and the fact they are out to prosecute him and get him. Even the pope must be listening. Lou even the pope should be listening. I want you to give your mother a hug for us and convert her because thats what needs to be done. Lets bring everybody together here. Matt what about the truth . Its all about the truth in the end. They say this meter and that meter shows donald trump is less than honest and its completely wrong. Lou what meter are you talking about . He has been right and truthful throughout and the left are the lying sobs here, matt. Matt do we trust the American People to get it right in the end . Thats why im proud to be an american. Lou i dont get the question. Matt requires a rhetorical question. We are both proud to be americans. Lou we are talking about america being reclaimed from those who would subvert a president duly elected. Matt schlapp thank you so much. We are coming back in one moment. Stay with us. Let out your inner child at the lexus december to remember sales event. Lease the 2018 es 350 for 319 a month for 36 months. Experience amazing at your lexus dealer. Lou joining us now, fox news legal analyst gregg jarrett, we have a few things to take up with the deep state and the special counsel. Lets just get to this point. Are we going to see a resolution of the special counsel himself, bob mueller . Or will it simply have to go to it own conclusion as he sees fit. Gregg as he sees fit. Historically they generally go a couple years. One independent counsel said there is no there there. But special counsels feel so invested in spending two years, they feel like they have got to nail somebody, even though there is no crime. Lou the crime that has been pursued is the crime with gates and manafort, and their handling of their consulting business 10 years ago. Gregg exactly. None of it has to do with trumprussia collusion. The guilty pleas are of the least egregious of crimes there could be. There is generally no prison time for flynn and papadopoulos. There doesnt appear to be trump collusion in those two cases. Lou we still have the investigating committee. Senate intel, house i tell, continuing along with the special counsel, the fbi is still engaged, and not a single i cant say this often enough. Not a single iota of evidence has been produced to even intimate collusion of any kind. Gregg no trumprussia collusion but there is evidence the fbi and the department of justice colluded to clear Hillary Clinton and try to frame donald trump. They launched an investigation without a scintilla of evidence that he ever excluded with russia during the campaign. Where was the crime . In order to launch the investigation you have to have a suspected crime than was none. The same thing with the appointment of robert mueller. There has to be a suspected crime. But when he was appointed, there was none mentioned in the papers of appointment. Its clear madness we have embarked upon here. I think the president is in amazing good humor. He said repeatedly, i did nothing. As of five minutes ago Andrew Mccabe is still being questioned behind closed doors by the intel committee. He probably wishes he was having a root canal without anesthesia. Because he has a lot to answer for. Lou President Trump congratulating house republicans. The Senate Getting ready to vote on historic tax reform. Im mark and i quit smoking with chantix. I tried, um, cold turkey. I tried the patches. I was tired and i was fed up. I wanted to try something different. Along with support, Chantix Varenicline is proven to help people quit smoking. Chantix reduced my urge to smoke. 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We give you research and datavisualization tools to help identify potential opportunities. So, you can do it this way. Or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just 4. 95 per online u. S. Equity trade. Fidelity. Open an account today. Lou joining us tonight fox business Deirdre Bolton and mark simone. We are going to have the house vote again tomorrow. Mark sync up the two bills. You think that would be the easy part. Lou the full expectation the president would have failed on the part of the leftwing media to get this done. Dierdre and by christmas. Not since 1986 have we seen something so far reaching. And for corporations by all accounts this is a Pretty Healthy measure. Lou its a great measure by middle class accounts. Mark to not have a suicidal tax rate to get repatriation money will mean a lot to this countrys economy. Lou this is going to be a test of corporate leadership, not the president s. Dierdre well see what companies do with that money, if they hire american when they repatriate. Well get booed when we go to ireland because these countries have been friendly to ibm. Lou its about putting america first. Who cares who is booing out there. Mark all they will do is drive up stock prices. Lou china is going to have a snit fit. He keeps talk about 3 economic growth. President trump is posting 4 growth. Hes talking nonsense as if hes got a new idea. The man hasnt got a new idea at all. Trump is the only one with a new idea. If you dont think bitcoin is the biggest obvious fraud and bubble right now, i dont know what it would take to convince you. Mark bubble yes, but the money will go digital at some point. The deep state, the swamp will see everything you have ever spent. There will be a record of everything. Biggest invasion of privacy ever. Lou do you put you down for or against the bubble. Mark if it pulls back a little i will buy it. I think it will be huge. Lou big, i mean big. Dierdre even though he spends a lot of time in philadelphia, my former hometown. I think the block chain will be big. Lou i think its wonderful. This is what makes wiser people of us all. When you see this. And this is so clearcut that it is to me a delight to watch. I would love to be wrong. Dierdre you are going to assign that to mark and myself. Thanks for being here. Meanwhile, more history to be made tomorrow. Thanks for being with us. Deirdre bolton, mark simone. Tomorrow night congressman sean duffy among our guests. He was a lumberjack. A great lumberjack. Kennedy the president taking credit for the nations booming economy. Plus robert mueller. Its time to get kicking. Sometimes it seems the president can do no right. But that doesnt matter as long as business is booming, wages are up and people are working. Remember when candidate trump said this . If i could snantd middle of fifth avenue and shoot somebody and i wouldnt lose any voters