Right now, thank you. Neil, thank you for having me as always. Neil are you surprised this is turning out to be a bigger fight than many thought . Among republicans among republicans more than calculated . A couple different ways to answer that no. It is a tax bill. The reason it has been since 1980 since last time theyre hard to do. You would expect to have a lot of disagreements on minor things. I stress that on minor things. Generally speaking i think attitude is pretty positive. I dont like at it, oh, my goodness, things are worse than expected. This is what you expect dealing with a tax code as complex as ours is. Good progress today. Things are moving well. There is disagreements on small pieces and parts. Looks like everybody is headed in same direction and thats what we need. Neil i get a sense, sir, a number of republicans are surprised to find, this is based on a lot of academic studies, often times theyre not worth paper theyre printed on, all these guys have to go with, including the joint committee on taxation, 38 million americans could pay a lot more money in 2023. There are variance because of expiring tax cuts and like. It is giving a lot of republicans heebiejeebies. What do you say to that. A couple of different questions, a couple different answers. A lot of proposal that the various tax groups look at, theyre in place, they go away after five years or go away after seven years, whatever, that is done mostly, neil, just to shoehorn this into the crazy rules that the 1974 budget act sets up for these types of bills. It is not good policy it is something that we have to do so it will score properly. It is not what we belief. We dont think it will go away for example, but we have to shoehorn this policy into the rules. What were all said, i said this when i was in congress, good policy will become permanent. Good policy will stay well after laid out in the original bill. If the reduction is good idea for five years, after five years the next congress will come in to make it permanent. Rules will be different by then anyway. Neil depends on the congress. Democratic congress. Shoe sure it does. That is why people seem to get wrapped around the axle, is it permanent or temporary. Nothing is permanent around here. If it is good policy, it is likely to stay. It is bad policy likely to get reversed in the future especially if a Different Party takes over. Im not too concerned looking at those particular numbers. This is how we look at it at the end. To your original point, are you worried about the fact that according to some groups, taxes might be raised on some groups. No, if that turns out to be case, if we really believe it, our numbers show the same thing, taxes are going up on the middle class, were not going to sign it. That is an easy answer for us to give here at white house. Our principles are the same. Lower tax notice middle class. Simpler and fair in the middle class and lower Corporate Tax rate. Neil you would even say, director, passes house and senate and some make the case it raises tax on the middle class the president wouldnt and shouldnt sign it . Your caveat some people will say. Neil what if it is the joint Economic Committee says that. Our own numbers well not sign something that will raise taxes, end of story. Neil do you know some of the things including this bubble rate of 45. 6 for those between 1. 2 and 1. 6 million . I know this can overly get picked apart. Sure. Neil was he surprised by that i said wait a minute i have a problem with that. Surprise is the not right word. Neil stunned, chagrined, disappointed . This is this is going per plan. Middle class taxes gets treated like this, Corporate Taxes get treated like that. We left it to the house and senate to fill in the details. We work with them every single day and were cooperating with them. We didnt get into the details. We didnt write legislation. That is congresss deal. They wanted that authority. They got that authority constitutionally. Well see what they come up with. Were helping where we can. Were pushing where we can. Im not going to give an opinion what the final bill will look like. Were a long way being finished. Neil youre right about that. Senate finance committee will separately come up with the own plan and reconcile those differences. Do you know at this point, director, whether there will be a dramatic difference between what house ways and means come up with . I actually, i get the gut, neil, that there will be not tramatic differences. That is why the framework we put out, a list of major principles that everybody agreed on. That was the House Republican leadership, Senate Republican leadership. The white house. The fact we hammered out those big issues before that legislative process started is really what gives me that confidence to say there are disagreements between the house and senate, not on the big stuff. The vat, for example, is fon. Corporate rate is 20 . Those big set pieces are established. You have disagreements on smaller stuff. Sphene i think the basic principles are set. Neil you know, people have gone back and forth on this and timing of votes, everything else, and i think you were quoted recently, sir, i hope i got it right, you were not confident there would be democratic votes despite overtures to democrats make this less after rich tax cut. They still argue its a benefit to the rich. Yeah. Neil so do you think that your colleagues, at least your old friends in the house, did a lot to win over and impress democrats for nothing . Im not sure that quote, that you just gave from me sounds like it was partially correct. What i think i said a couple times, then tommed up, and say if they know it is going to pass, some of them, many of them may end up voting for it. I spent more talking about that in the senate than the house. I think same principle applies. Democrats are simply not a police politically in this environment to get us across the finish line. If we get it without their support, a bunch of democrats will think this is good policy especially in the senate. I have not given up. Neil that is more senate issue to be clear than the house issue . We look at it, margins are tighter in the senate than the house. Neil are you surprised, you probably still are a big deficit hawk, your day notice house, everything was fair game for to you go after and the rap against this tax cut, as you know, given some of the rules in place going back to the 70s, bird rule, all that, making the numbers add up and balance out, it limits what you can do on tax cuts period. And in the end, everyone seems to be disappointed. Those who want a big tax cut, they get disappointed. People want control over the deficit like john mccain, they get disappointed. Was it worth it . Absolutely worth it. Because i still am a big deficit hawk. In fact that is why im spending so much time on this tax bill. Encouraging congress to pass it. Because, the deficit equation is pretty simple. Neil, it is revenue minus expenses. When expenses are bigger than revenues, you end up with a deficit. That is a two variable equation. Neil wont stop the deficit with this one, minimum one 1 2 trillion more, right . We, i dont think that trillion 1 2 number is right. I think even senator corker, another big deficit hawk, that trillion 1 2 dollar number is just, its a smoke and mirrors number. But the bottom line here, there are two moving thesis, spending and revenues. We tried hard in the administration to draw attention to spending. House and senate in their wisdom chose not to take most of our spending reductions that leaves us focusing on revenue side. We need to grow the economy. Make the middle class richer, the poor richer and government is richer to drive up revenues. That is why im so focused on taxes because i need the growth to help reduce the deficit. The timetable they have as you know is to try to get this out of the house by thanksgiving. The senate and signed by the president , still doable . Yeah. Senator mcconnell was threatening to bring senators back the day after thanksgiving. I will buy your turkey if that happens. The house accepted the Senate Version of the budget without any amendments, that actually saved us between 10 and 12 days, depending how you want to count. So that help ad lot. I think were still oinked all for the house to vote on thanksgiving. Senate vote after that. Allows the conference committees to work out the differences before christmas. Neil maybe they dont need a lobby to whine on their behalf or cry on their behalf, top 1 , the very rich, they are ticked off. They feel they have been loyal supporters of president and his policies and republicans in general, they feel they got the shaft on this thing. What do you say . I guess it depends. Here is what i tell folks, when i go on your network, foals accuse me of raising taxes on the rich or us in our proposal. I go on other networks, just about any other network they accuse us of cutting taxes dramatically on the rich. Sounds like were right in the center. In fairness, more seriously you cant really give an opinion on a specific impact on a specific taxpayer until you see a final version of the bill. Neil true. What is important for the president , again i hate to repeat myself but that is the business were in, the president s fundamental principles here were middle class pays less. Simpler for them and fair and corporations get down to that 20 rate. That is what we focus on. The rest of the stuff is up to the house and senate. Neil sir, always a pleasure. Thank you very much. Mick mulvaney, White House Office of management budget director. Good to see you again. Thanks, neil. Neil reaction on all of this with our charlie gasparino. I talked about the groups that say the add doesnt add up, gray poupon crowd, all your friend. Not fair to them. Pete king is big on grey poupon i heard. Neil right. What do you make of this, where it is going, what are you hearing . Here is a gray poupon moment here. The club for growth calls for major changes in the tax bill. They point out a number of things. A millionaires tax which is pure redistribution of wealth. The 45. 6 bubble phantom tax increase. By the way thats in there. That means you get taxed not at the lower level on the niche pay but at the 39. 5 level, if you make a certain amount of money. Passthroughs is pretty lousy. They didnt get full tax cut for Small Businesses there. Is some formula in there that you and i talked about, only 30 of the income of passthroughs get, get the full benefit of a tax cut. And apparently the death tax is still hiding in here somewhere according to the club for growth. I will say this, neil. I like Mick Mulvaney a lot. He is is a smart guy. Neil very smart. I know his heart is in the right place but ultimately a politician and here is what he said that was very political and very interesting. Said it three times to you. That is why it was illuminating interview. Our basic thing, approach we let congress handle details which i think is a mistake by the way. Reagan didnt exactly do that we had principles. One was a middle class tax cut. And one was to bring the corporate rate down. Now lets be real clear here. Middle class people, generally the vast middle class makes between 30 and i guess 80,000 a year, do not pay a lot of federal income taxes. That is the bottom line. So you are giving a tax cut to people in those brackets that dont pay a lot of taxes. Here is something else. Middle class is defined, sort of broadly here, with a sweep. If you make 200,000 on long island, with a family of five, if youre in pete kings district, not exactly the silver spoon set, guess what . Youre middle class, youre getting screwed on a lot of this stuff because your state and local Tax Deduction neil they have to prove to those guys, yeah, but your constituents are going to get more with the higher deduction, double all that. Absolutely. Neil that is the here is the other rub. Who pays most of federal income taxes . If youre foal is to stimulate the economy, you have to give tax cuts, you cant raise taxes on rich people because they will not stimulate the economy. Neil right. On the corporate side, it is pretty obvious what theyre doing is tax reform. Cutting it from 35 on the corporate side to 20 which sounds great, eliminating loopholes. They are not doing that on the individual side. Why a lot of republican congressman, i heard darrell issa, latest republican congressman from california say he will not support this. Pete king will not. It will be a tough go in the senate. We heard from some senators it is doa. The bottom line the administration and congress hasnt, hasnt proven their case this is progrowth tax policy it is interesting. They have republicans and conservatives coming out against this. It is very fascinating. Neil its a long way to go but i knew you were disappointed when i saw you eating at a burger king. Right. Im saving my money. Now you have to buy your Pumpkin Spice lattes not at expensive place like starbucks, you have to go to dairy queen or something, right . Neil nothing wrong with that. You go to mcdonalds for Pumpkin Spice lattes dirt cheap. Neil at least 10 less. Can bank some of that money. Neil. Or your tax increases. Neil there you go, charlie. President making a big push for ed gillespie in virginia, not in the way you think. I think he visited the state 15 times to golf since he became president , but not once at an event for mr. Gillespie. But mr. Gillespie is getting best of both worlds here. I will explain after this. I love to eat. I love hanging out with my friends. I have a great fit with my dentures. I love kiwis. Ive always had that issue with the seeds getting under my denture. Super poligrip free. It creates a seal of the dentures in my mouth. Even well fitting dentures let in food particles just a few dabs of super poligrip free is clinically proven to seal out more food particles so youre more comfortable and confident while you eat. Super poligrip free made even the kiwi an enjoyable experience try super poligrip free. Neil never mind he is halfway across the planet right now, the president doing his best to make sure republican virginia gubernatorial candidate ed gillespie gets over finish line with a win. Its close there. Adam shapiro in virginia, with the latest. Reporter hey, neil, were in the lunch rush for voting in virginia. Let me read you some President Trump put out on behalf of mr. Gillespie. Ed gillespie will turn around the crime and performance in virginia. Ms13 and crime will be gone and vote today. He went on to say Ralph Northam will allow crime to be rampant in virginia, i is weak on crime and our vets. And at this second amendment. He has been horrible on virginia economy. Vote ed gillespie today. Not to be outdone, doesnt forget former president barack obama actually campaigned for mr. Northam, he said in midoctober, we need to take this seriously. Our democracy is at stake. Electronics matter. Elections matter. Instead of politics reflecting our value. We have politics infecting our communities. Bottom line the voters of virginia make the decision themselves is. That would be two voters, ed gillespie and Ralph Northam. They have voted at this point. Were told by poll workers in part of virginia were at, voter turnout is heavy. Neil . Neil thank you, adam. That race could be a litmus test for the president of the United States. Sometimes they are deemed to be that way. No republican won statewide office in virginia going back bo bob mack donnell 2009. Republican congressman scott taylor on that. One way or the other, congressman, is this sort of a test for donald trump. Good afternoon, neil. Good to be with you. Sure, this is the first statewide referendum on president , here in virginia and and this one getting most attention. The president is tweeting about it. It is important we elect ed gillespie in virginia. I think its a test. There are National Implications on both sides of the aisle, democrat or republican. Why they are very much watching this race. Neil much has been paid of the fact mr. Gillespie, one reason or another has not opted to have the President Campaign on his behalf. He welcomes any and all supportive tweets and the like but as many times as the president has golfed in the state, i believe 15 times at his course there, he has not been at a gillespie event. What do you make of that . Im certainly not privy to the internal communications between the gillespie camp and president. I do know that the Vice President came out for him. We had a huge event for gillespie in Virginia Beach that had tons of excitement. I know the president is supportive. I cant tell you why he has or has not been in virginia. I know he is supportive and getting help from a lot of folks across the country. Neil watches made of the election back in 2009 where Bob Mcdonnell won, that was the same year Chris Christie won in new jersey. Is sure enough in 2010 we had republicans take over the house and much is thought about how these type of elections telegraph what is to come a year later. Do you buy that . Not necessarily. I mean what is interesting here, is you know, you had headwinds against ed gillespie initially, who worked tirelessly. President lost virginia. Hillary clinton did win virginia. The democrats thought that ralph would take it away pretty easily but as he had worked really hard across the state. He is confident. I texted him earlier. It will be a tight race. Might be a long night tonight. One of the things united republicans that nasty racist ad sent out. That is despicable. That united all factions of the republican party. I think were in for a long night youre referring to latino victory funded a, a pronortham group depicting gill lesspy supporters chasing down it ticked off a lot of people in virginia. It was nasty. Neil one of the factors ney rowing this gap in the race here, if even with all of that gillespie still loses and democrat picks up the Gubernatorial Election in new jersey, would you be worried . For the future . No, not necessarily. All the headwinds were against ed. The democrats thought they would blow him out of the water. That has not happened. It is very clear you have a tight race. Ed has a lot of momentum past couple weeks, exactly what you need going into the election. Im not worried. If, im hopeful and i think that ed will win. That would be great for republicans of course. If he does win, it will