70 new highs for the dow jones industrials. remember when everyone said the market was going to tank the day after the election and fall through the floor? it didn t happen. historic fax tax reform. 3% g.d.p. growth and forecast to potentially do 4% in the third quarter. we will see if that happens. what is next earlier? i spoke with white house economic advisor gary cohn and asked him, first of all, does he know exactly when the president is going to actually put his donald trump signature on this newly passed bill. so, martha, look, the house and senate still have to come back and fund the government and they will do that probably over the next day to two days. that will have an impact on when we sign the tax legislation. if they get the continuing resolution done in the next two days and they take care of some of the loose ends, we will hopefully try to sign the tax legislation on friday. if not most likely why will sign it the first week of the new year.
democratic party there is a question, isn t there, martha, whether a centrist democrat can get nominated and succeed will he pass the muster of bernie sanders and elizabeth warren. that s part of the problem. this opposition, i mean, this does put it squarely though, doesn t it, martha, they say no, we say yes. let s see what the returns are. now in less eight hours your show started with these companies they did not allowance layoffs. did they. they did not announce reducing people s salaries. they announced increases, hiring increases, bonuses and the like. the bigger story i think i think ryan could explain it better than i know he could. is not the individual tax rate but this reduction of the corporate 15% in the long run and i think that could be a few months. this will stimulate the economy. this will make these companies stronger. they will be able to hire more. and for every 1% of growth.
what is it 250, $300 billion back in the economy. that is going to make more difference, i think, in the end. but now we have the test. now we have the reality test. apart from the positioning of both parties, four we have the real test. martha: people have to feel the difference. we have seen a huge jump in consumer confidence. how people feel about things. and there is such a disconnect, bill, as i just talked about with speaker ryan in terms of how people claim they feel about this bill and the activity you sigh on the part of companies and small business owners who are elated at the fact that they can buy equipment and write it off immediately. that s the kind of stuff that really does move the gears, right? it does move the gears. and it does move the country. and you are absolutely right. i think, you know where i think we are? i think we are back in early, very early november of last year. i have been listening to the democrats all day on fox saying the polls, the polls, the
congress is very frustrated that you are not getting the documents from the fbi and the department of justice about what their feelings or involvement may have been in any effort to be against the trump administration. the american people feel the same way. are we going to see any sort of open hearings from ohr or from strzok on these issues? i think you ll have open hearings, depending on what we learn in the closed meeting. because it is important we do this closed because, again, this is part of an ongoing investigation. we don t necessarily want other witnesses to know everything that s being said in there so they can t tell their stories. i just say this is, to me, based on what we were told back in january and february about all these extensive contacts. how petrified everyone was of the involvement with the trump campaign and russia. so far we have seen nothing. if they re relying on carter page or relying on a dossier by the way which has never ever been confirmed. virtually
the president tried to get rid of carried interest. let s talk about what the president actually did here. the president delivered on his four key initiatives. when we laid out what we were going to do in taxes, we talked about middle class tax relief. we talked about lowering business taxes. we talked about simplification and we talked about repatriation. those were the president s four key principles. he delivered on all four of his key principles. yes we talked about getting rid of the many, many loopholes. if you looked at what we achieved we did achieve getting rid of many, many loopholes. we didn t get rid of them all but we are pretty excited what we did get rid of. martha: there was question of wayne lanier. there was hint you might want to. if you decided you wanted to leave the white house at the beginning of the year at any point. what has changed your mind now. i m very excited to be working on president trump, economic agenda. we are achieving many great