President s speech, which is with just one hour to the closing bell, imminent. What do we have . One arm on the farm bureau and one eye on capitol hill where both have very active political scenes. In d. C. , Mitch Mcconnell and House Speaker paul ryan explaining why their unified plan will make the complex american tax system fair and simple. Here it is. This is a onceinalifetime opportunity that is all about more jobs, fairer taxes and bigger paychecks for american families. For all of us, this is a new or never moment. About getting america going again and growing again, providing jobs and opportunity here rather than overseas, providing middle class tax relief for hard working american families, so they can get ahead. Liz i just want to let you know, we are getting embargo details, which means we cannot tell you exactly how his speech is going to go, but heres what we know so far in advance of that, before we know his speech. The gops plan would cut the current Corporate Tax rate a
President trump thank you. Thank you very much. You just want massive tax cuts. Thats what you want. That is the only reason you are going so wild. But it is wonderful to be back in the great state of indiana. What a place. [cheers and applause] President Trump i want to thank senator tom young, senator joe donnelly, representative jacky larceny, representative susan brooks, and representative mike for joining us today. Thank you very much, appreciate it. I also want to thank members of my economic team, secretary Steven Mnuchin director gary cohen, for joining us, as well. We appreciate it. [applause] President Trump let me begin by saying that our hearts and prayers go out to the people of puerto rico and the Virgin Islands who are suffering in get another wake of a catastrophic hurricane, and their island was virtually destroyed. Federal agencies are working closely with local partners to help these communities back on their feet as soon as possible. Texas, florida, and louisiana ar
All right, on the money front. There is trouble for the tax plan and its coming coming froe House Republicans. They oppose dropping the deduction for state and local taxes. Nine hightax states will take a big hit if the deduction was eliminated. 33 House Republicans come from those states, if they ban together, they could kill the president s tax plan. And this is the last trading day of the Third Quarter, oh, what a quarter it has been. Bottom line, if you were a stock holder for the last three months, you have done very well. The friday edition of Varney Company is about to begin. I dont want it to be taken over by a bunch of wooses. Use something beside the nfl sideline, use something beside the flag, use something besides something people use to escape. Stuart Rush Limbaugh right there echoing some of the things that we have been saying on this program about nfl. Liberals dont like football and the anthem controversy is just another excuse to pout on football. Cleveland businessman
President trump thank you. [cheers and applause] President Trump thank you very much. You just want massive tax cuts is what you want. Thats the only reason youre going so wild. But its wonderful to be back in the great state of indiana. What a place. [cheers and applause] President Trump i want to thank nor young, donnelly and representative jackie mularsky and susanne brooks and representative mike messer for joining us today. Thank you very much for being here. Appreciate it. I also want to thank members of my economic team, secretary Steven Mnuchin and director gary cone for joining us as well. We appreciate it. Let me begin by saying our hearts and prayers go out to the people of puerto rico and the Virgin Islands who are suffering in the wake of yet another catastrophic hurricane. Their island was virtually destroyed. Federal agencies are working closely with local partners to help these communities get back on their feet as soon as possible. Texas, florida, louisiana are doing g