molly is here in washington with the latest, so much to do, so little time. reporter: the senate may vote on its tax reform legislation as early as thursday. the difference is with the house bill committing to the conference committee to work out how much tax relief to provide families and businesses. one gop congressman is optimistic and says republicans are determined to do something. i sense a matter of urgency and determination on behalf of the house and senate that this is something we want to get done, promise me we made to voters and we want to fulfill and keep that promise. one house democrat is in so sure, the house plan for example cuts taxes too much and will lead to reductions in funding for government programs and will add to the deficit. not a question of doing something but what is the product you are producing, you
muslims. president trump called it tragic and renewing a call for the travel ban. and the navy mourning three last in a plane crash at sea. the navy calling off the two-day search off scouring nearly a thousand nautical miles. the navy is dealing with an up-tick in crashes. is up from 2016. i ll see you at the top of the hour with kristin fisher. now, back to cashin in. . trish: a lot of illegal immigrants could be out of luck if the g.o.p. tax cut bill passes, inside the house plan is a new rule that would only allow a child tax credit for anyone with the social security number. and that would prevent illegal immigrants from using just a tax i.d. number to get a tax
like. but there s nothing, there s nothing reforming about this bill at all. it s just, it s built on top of a statue quo status quo and people who have influence maintains influence. that s my problem. i can t speak for my listeners. kelly: it sounds like you re saying, go big or go home and be bold with your plan. you mentioned you wanted something bigger like going for the flat tax or a fair tax. what do suburban vote,desire in regard to tax reform? i know you hear people on a daily basis on your show. do they view the house plan as something that will meet their demands and do they view the senate plan as something that will continue to be worked on, particularly as relates to the individual mandate of obamacare being repealed in that proposal? can i be honest with you? sure, be honest, of course. i don t think that most people have an opinion on the tax bill have read it. i think it depends on which
financial services committee. congressman, thank you for joining us. you ve heard the numbers about the addition that will be added to the country s debt and the deficit that will be resultant of the house plan. you said no, do you not house plan. what was missing for you specifically? well, i just had too many constituents who would see their taxes go up. i am all for passing a great bill that s going to provide tax relief for our country. be able to grow our economy. i want my constituents to save more of their paycheck, save more for retirement. for a lot of other districts and states around the country, it s a great bill for other members as i looked for their members but for my district, too many paying more. what did you tell speaker ryan? one of my main concerns, if not my main concern, it s not the only one, is with regard to state and local tax deduction.
version. my next guest follows this way too closely. grover norquist president of americans for tax reform. i joke about that because you know the ins and outs of these plans. answer this question. we ve been challenging others on the political level here. you can tell us. you look at these numbers. does every single american get a tax cut? at least under the house plan. the answer is almost certainly yes. what we re looking at over the next 10 years is every income group certainly does. if you ve organized your entire life around tax deductions, you may have to reorganize your investments. but rates come down for everybody and you are going to see if you re one of the half of the population that s in the stock market you ll see stocks go up rather dramatically in addition to lower income taxes. but every bottom 10%, top