Caps Mortgage Interest Rate deductions at 750,000. And caps the state and local Tax Deductions at 10,000. Now, on the tax brackets that weve been talking so much about, this actually, this proposal, this bill that they are voting on keeps 7 personal incomes tax brackets. Lowest stays there with 10 . But lowers top individual rate. Down from 39. 6 to now 37 . So a lot of details with massive massive tax overhaul. But again at the end of the day today, republicans looking for a win. Sunlen, thank you so much. Well ta in close contact with you and keep your eyes on the screen here on the house floor as the vote is set to get under way. And after the fact a massive victory lap over at the white house. Before we get there, i have with
at all. And so thats going to be really interesting to watch next year. You know, especially in those districts where you have vulnerable republicans and the Hillary Clinton won in 2016. Maybe this is the message to help some of those republicans, abby, i saw
That was President Trump taking a victory lap on the news that the u. S. Economy grew at a robust rate at 4. 1 percent in the Second Quarter. The fastest pace in almost 4 years. Here with a look at whats behind that acceleration is chair of the White House Council of economic advisory. Nice to see you. 4. 1 percent. Economists predicted 4. 4, as you look at the details of the report. What do you like in it . It goes back to a piece i wrote a while back that Corporate Tax cuts would cause a Capital Spending boom. If you look at the average of the first half of the year, we got a Capital Spending boom in the average growth is 3. 1 percent. Its not often that economists can nail it that tightly and it showed its working exactly as we thought. Paul Capital Spending in the First Quarter was more robust than in the Second Quarter. Do you have an explanation for that . One of the things that happened is for Equipment Spending you were allowed to expense it retroactive to october. In the Fourt
North korea for the first time. Jesse let me get your reaction to james comey. Spspygate has blown into the atmosphere. As far as i can tell its made up. I dont know where hes getting that from. Do you find that to be possible or probable that there was a spy inserted into his campaign by an Intelligence Agency . I dont find it possible and i know it not to be true. Jesse maybe James Clapper had different take on this. Lets hear what he had to say. Was the fbi spying on trumps campaign. No, they were not. They were spying on a term i dont particularly like, wont russians were doing. Were the russians trying gain access and leverage and influence. This is what they do. Why doesnt he like that. He should be happy. Each should be. Jesse who do you believe, the liar or the leaker . Wait comes down to is james comey lied before congress so many times. His Deputy Andrew mccabe lied to the fbi on three different occasions. Clapper and brennan probably perpetuated the worst crime in political
And other countries are taking advantage of that. What do you think about the scope of our presence at some of these Rule Setting Meetings . What are your plans for the future . Senator, we need to be there. We need to be active. We need to be capable. We need to be value added. We need to come prepared to engage and work for americas interests in these multilateral discussions. I think you described wto in this article. Sounds like we share that sentiment. I couldnt tell you why we werent there. I dont know if it was an absence of people or the absence of focus. I view those as important to get the International Rule of law thats in accord with our view and not the chinese view in that particular instance. You have concerns and i will do my best to make sure were there and were capable. Appreciate it, that answer. I want to get a little bit of clarification with respect to an answer that you gave Senator Menendez at the outset coming back to that meeting with the president on march 22