Both for individuals and corporations. The president is going to seize this opportunity by leading the most significant tax reform legislation since 1986. And one of the biggest tax cuts in the americanhistory. Our objective is to make u. S. Businesses, the most competitive in the world. David more on this, rare white house meeting is underway right now. All 100 u. S. Senators invited for a briefing with the secretary of state, defense, national intel. And Nuclear Threat from north korea. What is going on behind closed doors . Louisiana senator john kennedy will head to a camera to speak with us as soon as he is back from the meeting. Melissa the dow was as high as up5 points. Details emerge from the president s tax plan. We certainly didnt end that way. Lori rothman on floor of new york stock exchange. Lori, what happened in last hour . Reporter they wanted more, more detail, melissa on the tax plan. Let me be clear, melissa, among the wall street traders we speak with today, the tax plan did not disappoint. The dow gave up all the gains, being weighed down by boeing, proctor gamble, and the companies had earnings a bit disappointing didnt help things. Apple one of the big decliners on the dow today. Investors are truly optimistic about, element of the tax plan has to do with repatriation of companies with significant dollars overseas. One part of the tax plan overhaul was very encouraging to the folks here on wall street. Thats why we saw the russell 2000, which is comprised as you know small and midcap stocks, perform extraordinarily well, hitting an alltime high. Having said all that i want to direct your attention to hospitals and medicaid insurers because they declined as Health Care Reform is back on the table. We heard from powerful Freedom Caucus, group of lawmakers are prepared to support the revised health care plan. Support that weighs on many hospital and medicaid insurers. Back to you. Melissa lori, thank you for that. David treasury secretary Steve Mnuchin and National Economic director gary cohn unveiling tax reform of epic proportions. Our own adam shapiro was in the room for it. Adam, a little more than a broad outline. I thought it would be more general but real specifics there. Reporter there were real specifics. For instance, eliminating targets tax breaks that mainly benefit wealthiest taxpayers. Elimination of deductions people used for local, state and taxes. Charitable gift tax deductions. It would lift what some people do when they deduct mortgage interest. The big deal, the lows will be 10 , 25 and 35 . But they havent given us income levels. Gary cohn was actually in defense of this plan because there were a lot of questions about already reputtals on capitol hill. Here is what he has to say. We will be back here with very permanent details. Were very confident to where theyre going to be we just wanted to get out and give you a broad brush overview where we are. The president very much believes in taking input as secretary said, over the next month. We have a lot of different discussions going with a lot of different groups that are interested. There was a statement of support for the plan from key people on capitol hill. You had House Speaker paul ryan, Senate Majority leader Mitch Mcconnell but orrin hatch, the senator who is the chairman of the finance committee and as well as kevin brady the chairman of the house ways and means committee, they are key to delivering any of the tax reform that President Trump wants. They havent given details what they like about this and what they dont like about it but we do have a statement from chuck schumer. Now he is a democrat but you can imagine where he stands on this. He said, quote, at a time Income Distribution is getting even worse in america, the president s outline clearly makes life easier for wealthy and special interests and makes life harder for middle income and lower income americans. It couldnt come at a worse time. One thing i point out, david, secretary mnuchin, treasury secretary, gone out of his way he repeatedly one of the goals, wealthy americans, the people that senator schumer talking about, benefiting from this, wealthy americans will not be able to use tax reform to their advantage and disadvantage of the middle class. So the secretary is very key on that issue. Back to you. David remember all those special deductions very often are designed just for the rich through their lobbyists inside the beltway. So theyre getting rid of some advantages of the rich. Adam, thank you very much. Appreciate it. Melissa. Melissa joining me jonathan hoenig, capitalist pig hedge fund, fox news contributor, former Federal Reserve author Danielle Dimartino booth, Research Fellow at hoover institute, tim kaine. Thanks for joining us. Tim, start with you, what is your reaction to the plan. Im a little giddy. Im really happy. This was vague but it was, it was a statement of principles that were really good principles what theyre doing signaling to the house and senate, come up with details, would with us. I thought the tone was great. This is early. I call it the second inning of a long game. The white house let us know they would swing for the fences. I was very happy. Melissa danielle, this is big change, there is a lot of simplification in there. While rates are going down, were ving up painful, it painful to give up a lot of deductions people had. Im a resident of the state of texas. Obviously we have no state income tax, but with your high state income tax, new york, where we are right now, this california, there will be a hotbed of controversy associated with this because people are going to lose tens of thousands of dollars in tax breaks because of this. And i think, it kind of speaks to the 80 of consensus that kevin brady consensus they had among republicans for this bill. But i think there is definitely an uphill battle. Melissa jonathan, i know youre on the side of small government in washington is very wasteful. It is interesting that, so theyre going to force states who tax a lot, if you cant deduct those taxes, people are going to leave, businesses are going to leave if you take that away. So really forcing them to pay for that huge government that they have in states like new york and california. Yeah. If you cut taxes, melissa, i think treasury secretary Steve Mnuchin alluded to, you get government growth. This is want the president to become aggressive about tax cuts. If the democrats are taxandspend, President Trump could be tax cut and spending cuts as well. That are details were waiting to hear about, lower rates, lower corporate rate, specifically elimination of death tax and taxes melissa, on investment, income on Capital Gains and interest, that is how wealth is created by investing. So president has done real great first step here getting economy roaring once again. Melissa tim, is there any doubt in your mind this is progrowth plan . That this would ignite the economy, any doubt . No. It is specifically designed to boost growth by about 1 . There are a lot of economic studies that show if we could get away from debate about the Income Distribution, this is giveaway to the tax a way to create jobs. If you can reengineer the tax code to create extra 1 of growth per year, youre talking about millions of jobs. Melissa yeah. Youre talking about a bigger tax base. I think point is right. Equally Playing Field between high tax states and low tax states and not giving those high tax states free reign on national dime i think it is really smart tax policy theyre signaling here. Melissa yeah. Danielle, is there any doubt in your mind would create growth . Weve seen reversal or 85, 95 point in the dow you am looking toward the bond market. It is not buying into the plan right now. Melissa why do you think that is . I dont think, if you listened to press conference and questions coming up, and New York Times coverage, immediately after, and scrutiny on melissa negativity. Trump will benefit. I think bond market is reading through simply to the amount of pushback that democrats are going to introduce here. Melissa interesting. Jonathan, go ahead. Well, i Hope Trump Administration will can defend tax cut for wealthy. Wealthy pay majority of taxes in this country. You know what . Cutting their taxes benefits the economy. We need to see tax cuts but spending cuts as well. That is how you can placate the democrat show it will not add to the budget deficit or debt. Melissa all right. Good stuff, guys. David. David if it goes through a lot of people move from new york to texas. True, the door is is open. David thank you very much, thank you, danielle. Can President Trump get it through the senate . David macintosh, club for growth president. I emphasize the title of your organization because this is really a growth package, is it not . It totally is. Out of the ballpark a great tax package. It will create trillions of dollars of growth in the economy and, and millions of jobs. David david, for all the skepticism about whether it would create growth, everybodys holding theyre head, all democrats are holding head well add to the deficit. When have they cared about the debt and deficit over past 10 years . It has grown enormously under their control. Their calls about wore remembering about the debt sound a little like crocodile tears. Beyond that look into 1980s. What happened. In 1983 the reagan tax cuts kicked in. The same year they kicked in, 1983 economy grew 4. 6 . Next year it grew 7. 3 . Every other year of the Reagan Administration grew 3. 5 . It has been proven to work. It works every time, well get 3, 4 growth rate out of this. By the way, when i was in congress in the late 90s, we did a similar, not as big of a tax cut, similar type of tax cut, it balanced the budget because all of that growth meant there was more money in the economy, and therefore more taxes to be paid. David the other thing is to jonathan hoenigs point, it is good for the entire economy. Yes, some rich people will get richer because their tax rates are going to go down. Of course they wont get deductions. Some pay end up spending more but what happened during the Reagan Administration, a good similar, a lot of people are saying this looks a lot like the reagan tax cuts. The rich got richer by about 12 , yes, top 20 . But the poorest 20 also increased their wealth 12 . It wasnt only good for the rich but good for everybody else. Let me tell you very good for the middle class. First of all the Job Opportunities and pay increases come from this. But second, most of the way the benefit of this tax cut comes about sip creases in the market as corporate values go up. David yeah. Theyre able to bring their trillions of dollars of investments back here into the United States. David yeah. American middle class owners in their 401 k accounts and in their retirement accounts, theyre going to be the beneficiaries of this program. David okay. It is tremendous david i have to ask a quick question, david, before we go and its a political one. Of course the democrats are against it. Some troglodyte republicans are against it because theyre pencil personners, they worry about balancing rather than growth, what are the chances realistically getting through congress . I think this is 80 chance it will get through. David wow. It will be changed along the way. Its a very good plan. Republicans figured out how to do it without any democratic votes, using budget process. And if a republican cant bring themselves to vote for this type of tax cut bill, theyre probably not really a republican. So i think it is going to pass. David david macintosh, club for growth. Thank you very much. Appreciate it. Melissa another busy day in washington of the senators at the white house now for a briefing on the threat of a nuclear north korea. This as the u. S. Is moving an antiMissile System to the region. Well hear from fourstar general jack keane as well as louisiana senator john kennedy who is the at meeting right now. David House Republicans may finally on the same page on health care bill. How soon will we see a vote . Late details from capitol hill. Melissa congress could come together on a budget deal to avoid a Government Shutdown but are we risking National Security in the process . More on that coming up. Two things they have to do. First we need a border wall. Without a secure border, the border is just a suggestion. What are you going to do, put a stop sign . So i liked when my doctor told me i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do release its own insulin. Trulicity responds when my blood sugar rises. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. Trulicity is a onceweekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. Trulicity is not insulin. It should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you or a Family Member has had medullary thyroid cancer, if youve had multiple endocrine neoplasia syndrome type 2, or if you are allergic to trulicity. Stop trulicity and call your doctor right away if you have symptoms such as itching, rash, or trouble breathing; a lump or swelling in your neck; or severe pain in your stomach area. Serious side effects may include pancreatitis, which can be fatal. Taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite and indigestion. Some side effects can lead to dehydration, which may make existing kidney problems worse. With trulicity, i click to activate whats within me. If you want help improving your a1c and blood sugar numbers with a noninsulin option, click to activate your within. Ask your doctor about onceweekly trulicity. With a noninsulin option, click to activate your within. You may sometimes suffer from a dry mouth. Thats why theres biotene. And biotene also comes in a handy spray. So you can moisturize your mouth anytime, anywhere. Biotene, for people who suffer from dry mouth symptoms. David breaking news. Shares are soaring up 5 afterhours. Releasing First Quarter results for year. Paypal revenue for First Quarter rose 1 . Company is announcing five billion dollars share buyback. Melissa. Melissa explosive warning to north korea. U. S. Firing an Intercontinental Ballistic Missile into the pacific amid growing threats from the rogue regime. This as President Trump and entire u. S. Senate with a rare briefing at the white house. Peter doocy live with the latest. Reporter melissa, we were outside senate chamber, bipartisan group, looked like several dozen, we dont have exact count, not everybody came out the same door, boarded heavily guarded buses for a ride down to the white house. There were senators as liberal as Elizabeth Warren and conservative ted cruz, they were all on the way for the briefing about the latest north korea intel. I had a chance to ask senator john mccain, until very recently was a bigtime critic of President Trumps foreign policies, seems to have come around to be quite the supporter ever since action in syria posture toward north korea. I asked senator mccain, what must the regime in north korea think when they see basically all of the decisionmakers at the white house, talking about north korea . This is what he told me. What they will think, what they need to think is, that the chinese will stop their economy in every way unless they stop this progress towards acquisition of Nuclear Weapon and means to deliver them. China is the key to this. Reporter are you expecting president trillion to try to get all 100 on board with military action when he drops by . That is not the purpose of this briefing. The purpose of the briefing, tell us the intelligence we have and options that we have. Reporter since most of the information if not all of the information these senators are being presented with at white house right now is going to be extremely sensitive, we probably wont hear exactly what they saw and what they heard. It says a lot theyre being briefed by the secretary of state, rex tillerson. Extremely rare high level briefing lawmakers, extremely rare to have meeting like this on the white house ground and auditorium there. Because they have facilities like that here at the capitol. Senators took a field trip on busy day to the white house grounds. Even detail next couple minutes. Melissa really interesting, peter, thank you for that. David learning a few details right know. Some breaking news on that, here to analyze retired fourstar general jack keane, fox news military analyst. Good to see you. Good to see you. David one thing coming through were getting word of, they are looking to put north korea on a lis of state sponsors of terrorism. Shawl thing. Should have been done before. David what is the level of threat . Has there been something 457, besides missile tests that has happened over past couple weeks to really ratchet up the threat level . What really happened with kim jongun, he departed from his grandfather and father. They brought Nuclear Weapons to the peninsula, north korea. Ostensibly for one reason, to preserve the regime. No one will attack us, Nuclear Weapons. What kim jongun did, began Ballistic Missile program, intermediate and intercontinental, that would deliver a weapon off the peninsula, reach our allies in the region and reach the bases in the pacific and reach continental United States. He began to accelerate that testing. He intend to use it. That is what has got everybodys intention. David so far we see missiles go up. A lot dont get very far, they fall into the ocean. How soon before a realistic threat they hit the mainland . They have about 1000 missiles right now. Exporters of missiles to iran and pakistan. They know how to build missiles. Theyre playing with things that are different. Theyre playing with submarine missiles that we have, you cant detect them visibly but theyre not as quiet as our submarines. What were seeing some missiles are failing. Speculation is fairly accurate speculation were interfering with some of that missile technology. I think well continue to do that we are not going to, david, we are not going to fire at a missile test launch. We will not do that. They will not fire at any of our ships either. David we may try to you screw it up electronically and internet but not directly. How good are our Missile Defenses . You know, we, back in the Reagan Administration, we decided to take on russias missiles with our Nuclear Defense system. Do we have good Missile Defense in places like hawaii close to north korea . We vimmed Missile Defense. We have it on our ships. Were putting the thad system in south korea. They can reach about 860 miles. They knock out a missile in final terminal phase. It is not in the boost phase. Were developing technology to hit it, hit it right when taking off. That is laser technology. Were working very hard on it. Weve had some limited success with it. But most of our Missile Defense is in the final terminal phase. So the thad Missile System would not be able to help any of our allies except south korea. Something coming into south cree they would be able to knock it down. David we still have a lot of troops on the ground in south korea. Theyre not far away from harms way. Ddmz is on the border. Are we thinking of beefing up the number of Service People there . What is happening with our Defense System in south korea . Were not likely going to beef it up very much but we have major contingency plans to move u. S. Troops, army, marines, air power into that very rapidly. If war broke out on the peninsula. David we could move them in quickly. Final question, got to be quick, general, we always see this guy with generals surrounding him. They look kind of happy because if they dont they get killed but are, theyre not as crazy as he is. In other words, is there any way to work on them, look you follow this guy and you will be dead . One of the plans, the chinese will probably try to leverage the North Koreans because president xi worked out a deal with President Trump. That is huge breakthrough the president achieved there. I always fet one of the things the chinese has got to consider, actually some kind of program to assassinate this guy because he is reckless and fine somebody else who is not as reckless. David general jack keane, we have to leave it there. Thank you very much. Melissa. Melissa effect of trump hitting social media. Why the president may be the reason behind twitters huge increase in users. Howard kurtz weighs in. The white house unveiling details of President Trumps proposed tax plan. How this will affect you and your wallet. Ble. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. To specialize in annuities life insurance. Talk to your advisor about a brighter financial future. at crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. Melissa the trump bump shares of twitter ending the day up 9 after reporting it added 9 million new users in First Quarter of 2017. The company attributing the increase to having the political leaders of the world quote, unquote on the social media platform making it the go to source for news. With me now is howie kurtz. It is interesting they reported they added 9 million users and President Trump added 8. 9 million followers. Of course, that would mean every person that followedim knew this month hadnt been on itter before that. So, of course, i understand the fault with that logic, but still is interesting. What do you make of it. Send donald trump a gift basket or one of the little birds. He provides zillions of of dollars of free publicity by his use of twitter. The company has structural problems, in terms of holding onto advertisers, hold know onto users, very fortunate for twitter to have a president who sees this as a direct connection as a way to go to the media. Melissa they had more resurrected accounts, maybe thats a more meaningful metric, they had accounts that people abandoned. That happens to a lot of us, you go somewhere, open up account and get bored with it and leave it. This time they had people reviving when they hadnt been there before, its an engaging conversation. And donald trump as a candidate was so highprofile on twitter, it helped the company, journalists on twitter and has become a major go to source but one that struggled to make money. Now that hes president , people felt got to react, remember the old password. Melissa its interestingly, President Trumps war with the media doesnt seem to be benefitting anyone, they always said were doing better than we were before, whether theyre for or against him. If you look at, for example, the New York Times, added 276 new digital subscriptions in the fourth quarter, the failing New York Times is probably one of his favorite targets . Maybe not so failing. Look, if you are opposed to donald trump, you have a great big target, audience is engaged. Everybodys ratings and clicks are up. Trump makes news every single day, so this war, and it is a serious war does, benefit both sides. Especially when it comes to the bottom line, melissa. Melissa interesting with social media and the media and people taking pictures and posting, you really learn more about all the other journalists out there. Cbs anchor dale king, for example, was criticized or asked about her impartiality when it was revealed she had gone on vacation with the obamas. She stated she went on vacation with friends. She was covering them, what do you think . She interviewed president obama a number of times while he was in the white house. She donated to the democratic party. She is the cohost of cbs this morning, Major Network morning show, and the appearance, the optics are awful when you are in the public eye as a media figure, you cant say its not political, dont read anything into it, it does raise questions, and she needs to recognize that. Melissa interesting, howie, love having you on. Thanks for coming on today. Thank you. Melissa mediabuzz host howard kurtz. David great show. Scrambling to avoid a Government Shutdown, republicans offering a funding deal, no money for the wall directly. What the latest proposal could mean for one of President Trumps biggest promises . Melissa a federal judge blocking President Trumps order on sanctuary cities. Paul babeu, former pinal county sheriff, i know i said that wrong the last time, the county. Sounds off next. The president has the full authority to do whats necessary to protect this country and to present grant money in a way that he sees fit. When heartburn hits, fight back fast with tums smoothies. It starts dissolving the instant it touches your tongue. And neutralizes stomach acid at the source. Tum tum tum tum smoothies only from tums. Melissa the revised plan to repeal and replace obamacare receiving support from a key group of republicans. Connell mcshane is in washington, d. C. With the latest. Connell . Reporter hey there, melissa. The Freedom Caucus does seem to be coming around, the mcarthur amendment talked about the last few days here in washington. Essentially would give more power to the states. Now its possible, possible that we see a vote on health care by the end of this week, but only if, and this is important, there are more moderates that can be convinced. Still work to do there. One thing we will see for better or worse by the end of the week is movement whether or not the government will keep up and running after the deadline is friday at midnight. That the point, all indications, everything were getting is a deal is getting close. Its not there yet, we had an Interesting Development earlier today, involved the House Speaker paul ryan and his caucus. He met with the republicans on capitol hill and when they met, were told health care was the main topic, not government funding for what its worth, and after that meeting, speaker ryan came out and said this about the budget talks. Were getting really close, the administration, omb, among about appropriators are down to the last final things. Were making good progress. Obviously, csrs, that is not in appropriation bill, thats something separate that the administration does. Were very, very close on Everything Else and now getting down to the final details. Reporter csrs is an acronym for cost sharing reduction payments which would keep obamacare Insurance Markets up and rung. Speaker said they are out as you heard, the democrats want them in. That is not a deal breaker in all this. The bottom line, since word got out the other day, the white house was willing to bend on the waterfall. They still have to get it done friday at midnight. Melissa we will see, connell, thank you. David here to respond is paul babeu, former pinal county, arizona, sheriff. Good to see you. Good to see. You are you sad to see direct funding for the wall appears to be out of the budget . Not just me, i think most americans that have been counting on this. This is the core promise of the president and the congress whos elected also by the people, thats their job is to fund this mandate, and this isnt just about illegals coming across the border and the drug cartels were fighting. This is a grave National Security concern as expressed by secretary kelly and countless National Security experts. So they should secure it for that reason. David at the same time, though, sheriff, you guys on the border have been doing well without the wall. Im told illegal immigration is down over 60 right now. What have you been doing to keep it down without the wall . Youre right. I can tell that you its as high as 70 , the reduction, and much of this, as expressed by attorney general sessions and secretary kelly, has everything to do with President Trump. Not just his election, but his executive orders, directing i. C. E. And customs and border protection, Border Patrol heroes, there is no more catchandrelease, everybody is apprehended, process and formally deported. David there is a revisionist thinking about that. Weve been seeing in a lot of the liberal newspapers that know this started before President Trump became president , something going on for months, to which you say what . Well, the numbers prove otherwise. Im in the business of facts and clues, and the facts here are evidence. 70 reduction because the message has gone out that if you come to the border and you cross illegally, youre going to be apprehended and theres consequences. Just the opposite of what last eight years with obama that if you make it to the border, youre home free. Those days are done, we have a law and order president now and not only he talks tough, hes actually follow through with executive actions and real power behind our law enforcement, which is what we needed. David hes also put out a message about sanctuary cities which i know affects the people on the border sometime more than it does the actual cities which its enforced. Yes. David the judge put out the restraining order on his executive order and the president s executive order to withdraw federal funding from sanctuary cities. What do you make of all this, and will it affect the work that you try to do on the border . Well, absolutely. And my time as sheriff i can tell you i received federal nding and countless law enforcemenagenci notust from department of homeland security, but the attorney general, and this this is real that these sanctuary cities and counties and even the state of california, they have to work in partnership with our federal law enforcement. Its compromised the security and safety of their own citizens, should be in their own interests. However, that carrot, the federal funding, Grant Funding is clearly in the realm of the federal government and their authority to withhold that if they do not cooperate and follow the law of this 48 hour hold courtesy hold for i. C. E. David we gotta go. I have to ask, have you ever known of a criminal kicked out and you seen him come back and told them you got to get this guy to a sanctuary city, and they havent . Yes, weve seen it happen here right in arizona, where the vicious criminals released onto the street and theyve murdered citizens of our country, and thats gotta end, and thats what we need to have happen now. David sheriff paul babeu, thank you very much, sir . Good to see you. Thank you, david. Melissa a rare classified meeting at the white house. Every single u. S. Senator gathering with the commander in chief to discuss a growing threat from north korea. Next, well speak to republican senator john kennedy who just left the meeting with President Trump and his top advisers. Think again. This is the new new york. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov i love hanging out with my friends. I have a great fit with my dentures. I love kiwis. Ive always had that issue with the seeds getting under my denture. Super poligrip free. It creates a seal of the dentures in my mouth. Even well fitting dentures let in food particles just a few dabs of super poligrip free is clinically proven to seal out more food particles so youre more comfortable and confident while you eat. Super poligrip free made even the kiwi an enjoyable experience try super poligrip free. Melissa the Trump Administration revealing plan for major tax cuts, but how will it be paid for . Treasury secretary Steve Mnuchin is saying its going to pay for itself. We are determined to move this as fast as we can and get this done this year. This will pay for itself with growth and with reduced reduction of different deductions, and closing loopholes. Melissa so here now, Peter Morici University of maryland economics professor. What do you think of that . Well, i know it will create some growth but awfully hard for a tax cut to create enough growth to pay for itself. The economics doesnt work that way. I have a very expensive education, i know the muiplierand wel get some of it but not all of it. Melissa yeah, is it essential that it does that, that it pays for itself . I dont think so. The Corporate Tax structure so obtuse and so ridiculous with the high rate relative to other countries, we simply have to rationalize it. The problem getting down 15 , i dont know that we have to get that low. If we got to 20 and with border tax adjustments that would be possible cleaning up exemptions and deductions, that would generate Growth Without losing revenue. Melissa why dont we just cut some damn spending . I would go for that. Unfortunately, there are 48 democrats over there, and its hard to do that with them around, and over in the senate. Melissa i dont know, i think we could go in there and cut spending. I feel the two math guys from Goldman Sachs could cut spending. Maybe what we need is to cut the revenue so that there is some pressure to cut spending . Thats what Ronald Reagan did to the Democratic Congress when he was in. He was burdened with a Democratic Congress most of the time, and he basically made it very difficult to spend more money. But remember, if you want to cut spending, you are mostly talking about entitlements and the president said he wont cut entitlements. Not hard for me to cut entitlements. Obamacare provides Free Health Care for men between the ages of 25 and 54 that dont work and not willing to work, theyre not looking for a job aghast moderate republicans dont want to repeal that in the replace bill. Thats absurd. Melissa the National Association of realtors, they had a response and theyre not fond of what theyre seeing. Im surprised about that because they did say, there we go, right there. Simply buying the tax code will get there by eliminating the incentive for Home Ownership is the wrong approach. They said they were going to keep the mortgage deduction tax, no . They are going to keep the mortgage interest deduction, theyre talking about increasing standard deduction which helps low income people. They dont have to go h r block, in big cities like new york, low income people cant afford to buy under any circumstances and they rent, and this puts renters on a more even basis. I dont know why renters should be more heavily taxed in new york than someone who lives in philadelphia where its more reasonable to own a home. Melissa peter, thank you for coming on with your fancy education, we appreciate it. Not fancy. It was a state university. Melissa it was expensive. Peter morici, we love you, take care. The reaction for the lobbyists is incredible. Melissa theyre still mad. That is amazing. David a kneejerk reaction at any change whatsoever is bad. Melissa thats why i didnt understand that response. The white house right now is meeting with senators, just broke up moments ago. Were learning the u. S. May be looking to put north korea on a list of state sponsored terrorism. The implications of this and a lot more from the meeting when we speak with senator john kennedy, who was there. You too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies and data without insights. And fragmented care stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Theres nothing more important than your health. So if youre on medicare or will be soon, you may want more than parts a and b heres why. Medicare only covers about 80 of your part b medical expenses. The rest is up to you. You might want to consider an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like any Medicare Supplement insurance plan, these help pick up some of what medicare doesnt pay. And, these plans let you choose any doctor or hospital that accepts medicare patients. You could stay with the doctor or specialist you trust. Or go with someone new. Youre not stuck in a network. Because there arent any. So dont wait. Call now to request your free decision guide and find the aarp Medicare Supplement plan that works for you. Theres a range to choose from, depending on your needs and your budget. Rates are competitive. And theyre the only plans of their kind endorsed by aarp. Like any of these types of plans, they let you apply whenever you want. Theres no enrollment window. No waiting to apply. So call now. Remember, Medicare Supplement plans help cover some of what medicare doesnt pay. Youll be able to choose any doctor or hospital that accepts medicare patients. Whether youre on medicare now or turning 65 soon, its a good time to get your ducks in a row. Duck quack call to request your free decision guide now. Because the time to think about tomorrow is today. David taking new steps against north korea, President Trumps top military minding gathering at the white house for a rare meeting with the entire u. S. Senate. Republican senator john kennedy was at the meeting, the louisiana senator joins me now. Senator, good to see you. How severe is the threat from what you heard today . Well, its serious, the president spoke with us a few minutes and turned it over to his intelligence and defense team, secretary of defense, secretary of state, security council. Most of the briefing was classified, so im limited in the amount of detail that i can share with you. But i will say that and i think we knew this anyway, the threat is serious, i think china is taking the north korean threat seriously, finally. I believe we were updated on the progress that china had made in cooperating with the United States, and i was impressed with that. Were trying diplomacy, but at the same time, the United States of america is preparing for all scenarios and all options. I wish i could be more specific. David no, i understand, i understand. We were told it was classified. David were all just kind of curious as to why he would invite in the full u. S. Senate for this discussion. I mean, is there something that he Needs Congress help with in order to do against north korea . I had the same thoughts before we went. Now after the meeting, i can understand why the president wanted to do this. The president spoke, the Vice President spoke, the secretary of state spoke, the secretary of defense spoke. We were allowed to ask questions. It was a very solemn, serious occasion, as you can imagine, and i can understand why the president , to bring home the seriousness of this and the significance, wanted to gather his entire top team and have us come over there. I thought it was appropriate. David you know, and a crowd that size, and forgive me, the things leak like a sieve in washington. Some stuff is coming out of that meeting. I dont know how much of it is classified or any of it is classified. One is removing or putting north korea back on the state sponsor of terror, can you confirm if thats true . Im not going to say that. We were told the meeting was classified. You are right, this place leaks like a sieve, im not going to be the one to break the rules. I want to switch if i can, for a minute, on the tax plan that was unveiled today. A lot of specifics. They said it was going to be broad, three rates, top individual rate 35, the corporate rate 15. What do you think of it so far . I think its not a tax bill, its a jobs bill. I think its going to be the only way to get this economy back to 3 growth which is not superlative, its supposed to be average. Its the only way to increase productivity in this country and increase wages and create new jobs. I like the idea that the president is talking about not just helping the large corporations but helping the medium and smaller businesses and llcs, llps, partnerships. Im anxious to see how the president wants to pay for it. I think its appropriate to talk about tax loopholes. I feel very strongly that what we ought to do is allow Capital Investments to be expensed and not appreciated and i want to talk about cutting Capital Gains tax and getting rid of the estate tax. David thanks for being with us, senator john kennedy, appreciate you making the effort, thank you. Thank you. Melissa the future of fashion, introducing a rain coat for your legs. David rain coat for your legs. At crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. Melissa well, its the end of pants as we know it. Following on ride of mud jeans. A little leg, but spill protected. David the pants are made of polly urethane. They are see through, it is just the pants. Melissa i think they would look good on super models, that is it and be really uncomfortable, and be uncomfortable. David and sweaty. We have a once in a Generation Opportunity to do something big. Tax reform. President will seize this opportunity by leading the most significant tax reform legislation. This is his one chance to stimulate the economy. The president has focused on three things since his campaign, job creation, economic growth. This will be the most dramatic tax reform release