the final version of the tax cuts and jobs act keeps seven tax brackets but reduces rates for five of them. the new rates start at 10% and then rise to 12, 22, 34, 35 and 37%. current tax rate 387 to 35%. lowering the effective tax rate 30% instead of 39.6%. a few details for threw guys. should expect a passage late week midweek. ed: you see the sunrising just behind him above that capitol dome. maybe there is a little bit of hope they are going to get some stuff done. rachel: morning in america. pete: the individual mandate will be repealed. the government can t tell us to buy something. pete. ed: you are right. under cover part of this. rachel: two for one punch. pete: i wish it wasn t seven wrackets it should be one. we will talk to herman cain
paul ryan is the policy wonk. he has always wanted to attack the structure reform needed to get this country moving in a growth format. this has got to be a huge positive moment for paul ryan. hats off to him. because he always wanted to be the chairman of ways and means to do. this he didn t get to do that very long. when he finally does, he should take a victory lap on it got to make the vote happen. by the time you get to wednesday, then look out because by the end of the week it gets really ugly for the house and senate because funding the government is not going to be quite so easy. ed: if this helps the economy take off not a single democrat. pete: are they secretly worried. what do the democrats stand for at this point? they have nancy pelosi and chuck schumer. they don t have a national leader. they don t they are opposed to allowing people to keep their own money in their own pockets. what do you run on if you
and file fbi agents. law enforcement to actually fight crime and do their job in a way that s a political. rachel: liberals look at this and say oh my gosh he looks schizophrenic. pete: talking out both sides of his mouth. that was my liberal impression. ed: that was fretty dramatic. rachel: the boots get it in fact, i read reports when they found out that trump was coming to speak that they all cheered. so, you know, nobody can question that this president loves law enforcement. he has been behind them 100 percent. but when he says i m your greatest defender, i m fighting for you. i m behind you 100 percent. who cannot believe that? he has been 100 percent behind. ed: on top of all the revelation we have talked about. the text messages. the situations with james comey started out as maybe it was grossly negligent for hillary clinton to have that email server, which could be criminal and then it gets watered down and then, of course, she doesn t face charges. look at bruce ohr at the
justice department. pete: big one. ed: demoted because he didn t disclose to top officials his meetings with fusion gps. pete: his wife worked for them. ed: that put together the dossier that led to a lot of this investigating. jeff sessions, the attorney general, the president previously called him the beleeringed a.g. was pressed by a reporter does this mean there will be a second special counsel. would you consider such a special counsel? well, our responsibility, and it s clear, is to provide the highest possible, professional standards of law enforcement that we can provide to the american people. so, we re going to take seriously the concerns that have been expressed. rosenstein is testifying before the congress again just yesterday, and we want to be open with them. pete: people will say he recused himself from the russia investigation because it was looking into the campaign which he is not
miss or nail besides fox news channel. we will take that one. rachel: i believe operatism ipatriotismis taught. pete: we do live in two americas. the american flag. will poll is fascinating. hopefully we will do a whole hour on it. ed: we continue to break down, meanwhile, what s in the final version of the tax bill. critical for your wallet. next guest developed his own plan when he ran for president. continuing to pivot off the current tax code is not going to boost this economy. this is why we develop 999. ed: you heard that number before. does herman cain think republicans got it right this time? we will ask him live next. pete: i m sincerely intrigued. this world war ii veteran getting in the christmas spirit one dance at a time. the viral dance video that will have you smiling all morning long. his t-shirt asks got freedom? ed: that s patriotism. that s a proud american.