really big issues between us which is syria and the situation there. the situation in ukraine and eastern europe and creating stability in eastern europe and recognize what russia s concerns are and we have very important talks coming up on the start treaty and the inf treaty as well. reporter: what is with these rumors about you leaving? houg are you planning to stay or are you planning to stick around for a while? we had a very successful, in my view, year in 2017 and pivoting our policy and helping our partners understand those policies. we are into implementation and execution against those policies. i think we are going to have a very productive 2018. again, the state department get stronger every day and understanding what we are trying to do and i look forward to having a very, very successful 2018. reporter: for the whole year? i intend to be here for the whole year. reporter: has the president given you any indication you won t be around for a while?
short-term change. it is not like there is a big box of money that gets reinvested in 2018. reporter: in fact, studies show the last time there was a similar holiday inn 2004, about 60 to 90 cents of every dollar went to stockholders, not investment. bottom line, the tax break was not an effective way to grow the economy, according to the congressional research as far as. and experts don t think it will be different this time around. how much of that $3 trillion is likely to come back to be used to hire folks, invest in research and development, build new plant facilities and manufacturing? i would think it is low reporter: but the fervor is helping fuel a santa claus rally in the market and you know that is making president trump very happy. look, the major question is do we need corporate tax cuts right
help pay for tax cuts elsewhere. here s another hang-up, the proposal to cap the new mortgage deductions at $500,000 instead of a million. well, again, that could hit states with expensive real estate, new york and california among others. the bill does preserve the property tax deduction of $10,000. it keeps 401(k) plans as they are, and it would go into effect january 1, 2018, meaning, david, that it s not retroactive. david: no. and that bothers a lot of people too because they were hoping for a boost going into 2018. reporter: i know. david deafd all right. a lot of critics are saying the republicans missed an opportunity to go big and bold. joining me now is forbes opinions editor john tammy and gary call palm. they have the house, the senate and the white house. everybody thought with that they re going to go as big and bold as, say, the democrats went eight years ago with health
the democrats in alabama are back and like they said, this is a revival, this is our year. 2017 and 2018 will be a change here in alabama. reporter: and you mentioned to me earlier, you are thinking about getting involved in politics very shortly here, is that correct. yes, ma am. i was the 2010 and 2014 democratic nominee for state auditor and i m running again in 2018. reporter: thank you very much for joining us. appreciate it. richard, this is expected to go on for about 90 minutes. and each candidate gets about 2 and a half minutes to answer questions. and as i mentioned, a range of topics. certainly a lot of passion. about 150 people showed up for this today. back to you. many candidates are on the democratic side. seven can be good but on the flip side it could be bad. thank you tammy leitner in alabama, appreciate it. a wild 24 hours of news in the russia investigation. a breakdown of that, next.
and it will be manifested in 2018. reporter: and that grassroots activism that she was talking about with me in that conversation is really something that we ve seen consistently at a lot of these marches. i ve been out here several saturdays in a row the past few weeks. a lot of the people out here say they feel like they want to be active in the face of this administration. as well as other things about trump s tax returns and now that he s president. a lot of questions swirling about transparency in this white house that people are out here to protest and march and rally for and to stand in numbers to say they want to see more transparency from the trump white house. of course the white house itself is embroiled in its own sort of controversy, continuing to push back against the special counsel and allegations of ties to russia, so we re seeing that kind of pushback from a white house perspective where i spend my weeks. then on weekends, i come out and see all these rally goers wh