Transcripts For FBC Making Money With Charles Payne 20171114

Transcripts For FBC Making Money With Charles Payne 20171114

Time ago. The president and i welcome word that the Senate Finance committee will include the repeal of the individual mandate of obamacare in the Senate Tax Cut bill as it moves forward in that chamber. The truth is by eliminating the Obamacare Mandate tax, we will pass and enact real tax relief for working families all across america and we will end, we will end the era that began seven long years ago, where the federal government has the taxing power to order every american to buy insurance, whether they want it or need it or not. Charles now, to my panel, gail trotter, senior fellow, christopher bedford, the Daily Caller News Foundation and cheryl westwood, washington examiner. Let me start with you. You know, ive been talking about this, since last week and in fact representative lewis gom er brought it up to me and everyone kind of blew him off, but after the cvo scores said theres a honeypot of 338 billion, but im shocked that the senate is bringing, it embraced it so quickly. Youre exactly right. Its amazing that even though during the healthcare fight it was House Republicans who are more aggressive on Obamacare Repeal this time its House Republican leadership that are pumping the brakes on sticking individual mandate repeal into their tax reform bill and its Senate Republicans who are forging ahead on this. They recognize that that extra savings could let them cut taxes for the middle class in a way that might actually ultimately get some of those more moderate republicans on board. They can look at the eliminations of other deductions that are causing republicans heartburn such as the state and local Tax Deductions so that gives them a lot more money to play around with to appease these republicans who are holding out for other reasons but it is the process a little mit bit more. Charles right here is the ironic thing though gail is that this gives the senate a second bite at the apple right . Because they dropped the ball when it came to Obamacare Repeal yes. Charles the house well see what happens but if you can say well we get this money, we wont delay the Corporate Tax cut for a year. That is huge because that was supposed to be the crown jewel of the whole thing. It is and the white house laid out three priorities and it was large middle class tax cut, it was the 20 Corporate Tax rate and the simplified tax code , and the delay that the senate suggested was death. If you do that then youre not going to deliver the top poor it its of the white house so this gives them the flexibility to implement it as the white house wants and to deliver economic juice to the economy that everyone needs. Charles christopher bedford, how much more likely does it make maybe well see Republican Leadership in washington d. C. Deliver this time. I think its actually looking pretty likely although who knows whose going to come out tomorrow morning looking at senator collins, maybe even senator mccain and say hold on a second. This is not the way that i want to repeal obamacare. You could see that right now everyone seems happy and if Mitch Mcconnell could deliver on repealing the individual mandate and on immediate Corporate Tax reform, the gops chances go up dramatically in the next election. Charles guys i need you to stay right there because right now id like to bring in republican congressman jim renis i, a member of the ways and means committee. Representative, thank you very much and i know you guys are pretty hectic down there these days. What do you make of this move by the senate . I think its fantastic. I think that its a brilliant move but we know that there will be some pushback, particularly since that same cvo score says 13 million americans lose healthcare insurance. Well charles again, i was a big proponent here on the house side and i was pushing for it so im glad to see. The big issue was there was some concern whether the senate would deliver on it and now its good to hear that the senate is able to deliver on it because like you said it gives us a little bit more room to deliver a little bit more of that middle class middle income tax cut which i think is so important, but the house is moving forward. Theres a lot of energy here, a lot of positive feelings. Were going to get this thing done. Were going to make some changes of course in conference to bring these bills together but theres a lt. Of positive feelings right now. Charles feels like all of the different players and entities have drawn their own lines in the sand President Trump 20 Corporate Tax, the house brady is saying just this morning or late yesterday that you guys are going to pushback on salt. That you want some parts of salt to be apart of this. I know that you would lose a lot of blue state democrats but thats not the case potentially. Does this give you room to find copremias where everyone is drawing their red lines . I think in the end when we bring these together in conference if we do have the individual mandate that the senate will get through and it will happen in the house as well and give us more room to look at these issues but in the end the house has delivered a really good package with a tax cut for middle income taxpayers with that lower Corporate Tax rate. Its the one thing that i needed to see. Even last week, when i started to hear there was some chance that the senate was going to delay the implementation of the tax cut, im not for that. We have to have this tax cut effective january 1 so i think it was good that we held strong here in the house but weve got a really good package and youre seeing house members willing to support this. Yes there are issues but in conference well be able to sure this thing up. Charles i think the house is coming from greater strength to be quite frank with you than the senate anyway. You guys have delivered, a lot of bills, you have passed a lot of bills and they seem to fumble at the senate but having said that, the ultimate promise was the tax cut for everyone. Is that still attainable . Is that still something you want to see happen . Absolutely and i think in the end thats one of the things that really made us change a few things over the last couple weeks to make sure were getting that tax cut for everybody but we needed more room. Thats why again i was a big proponent of the individual mandate. That gives us a lot of room to do a lot of things and im glad to see the senate is moving forward and that will make this tax package better when we get to conference. Charles congressman thank you very much and congratulations looks like this thing is moving along. Thank you charles. Charles want to get back to the panel now, gail, chris and sarah, chris i cut you short there. The congressman obviously excited, the house has really delivered a lot more than the senate has and the senate is a lot more complicated and we were talking about the likelihood of this making it through now that theyve added some options. Youre right and paul ryan gets a bum wrap. Hes been thrown in with the senate for trying to obstruct Donald Trumps agenda and he really hasnt. Hes passed funding for the wall and passed tax reform and passed Obamacare Repeal and all ended in the senate and not even Mitch Mcconnells fault necessarily. The head of the senate is less power than he used to have. You saw his face on the floor when he watched senator mccain cast his no vote but if they can get it through that senate thats where it faces the biggest hurdle and they it could die. Will there be objections or just regular order or objections to how it will affect the citizens of maine or alaska . Its certainly possible and thats the place to watch. Charles sarah we saw the market come back late in the day after the dow was down as much as 168 points. I think when news came out that senate markowski was behind it so again theres problematic senate votes everyone knows who these folks are and you could start checking them off. You dont have to lure democrats on board. Right. There are not really any no votes on record yet though senator mccain is saying he has to take a look at the entire bill before he decides where hes going to come down on it. You dont have some of the more moderate senators who would be youd think in theory would be inclined to obstruct it like bob corker, jeff flake who have been critics of President Trump who might be reluctant to help him attain a victory. They havent come out and said necessarily theyre going to oppose it so the momentum is still on the side of tax reform and House Republicans are willing to entertain just about anything in conference because they too want to get something passed and theres a lot more of a conservative cushion in terms of numbers in the house so i do think that the chances are still looking pretty good. Charles i think they certainly increase. I was googling the british odds makers to see if they had any bets on this because if they did they would have increased in the last two hours but gail, so rand paul. He was the one who juan of the folks who introduced the idea at least to the senate of the individual mandate so the senate thinking creatively. President trump gets back on thursday, hes going to press the flesh and try to make this happen. It does look like this gets across the finish line. It does and you look at the House Freedom caucus there was controversy with them over Obamacare Repeal and now theyre saying theyre interested supporting it too so youll see all of these things coming together because i think the republicans understand how critical it is for our economy to deliver this and honor their promises and i think they take it across the finish line and accomplish something very meaningful. Charles you all thank you very very much. Meanwhile the largest gop mega donor were talking giving steve bannon, well sort of kicking him to the curb. Weve got the details for that civil war within the party, next. [vo] progress is an unstoppable force. The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. Charles well weve got bad news for steve bannon. Billionaire shedon adelson, the gop largest megadonor now says hes breaking his ties with the bright bart editor in part because of the sexual allegations against Alabama Senate candidate roy moore whose a bannon allie. A spokesperson issuing a statement saying he and his wife are Mitch Mcconnell 100 and joining me to discuss the ramifications, republican strategist and fundraiser michael barns, former policy advisor to president george w. Bush and currently managing partner at dcba law and policy. Noelle adelson, i remember steve bannon made the trip out there, the pilgrimage that everyone made to las vegas to sort of try to woo him over and apparently over the weekend, steve bannon spoke at this organization of america and of course its heavily funded by adelson, he and his wife didnt show up so that was the first tale this wasnt going to work. This happened again to bannon over a war with he and foster freeze when he called foster freeze and who one of the founders of brandywine and he said that he wasnt going to be supportive of bannons candidate s as well, so you know, with sheldon, hes really one of the biggest go to megadonors that a lot of we used to call it kiss the ring. Hes very influential. He can if he wants to he has the power to give you so much money or fund superpacks or whatever to actually get your message out and the whole point of raising all this money is to get your message out, so this is a big slap in the face. Its also, its going to hurt the Bannon Movement because your only as good as the donors behind you, and i know hes got Rebecca Mercer who i think shes great. I really like her but you dont want that to be the lone wolf. Charles you know michael though i think bannon also has the Grassroots Movement behind him and its hard to quantify what thats really worth but we see there has been a major impact since the eruption of the tea party and they have changed the face of washington d. C. So hes got things going for him but the megaguys seems like theyre tethered to the establishment which probably makes you pretty happy. Well i think if we were talking about republican candidates who could be elected you certainly want the types to have the support of the socalled establishment and not these roy moore types who for example, disregard the rule of law or just plain bigots so in terms of electability it makes sense for these donors not to waste their money on bannons candidates like roy moore. Charles although without the breaking news that happened over the last five or six days or more it looked like he was on his way to a comfortable victory in alabama. You wouldnt cast disbursions on the entire state of alabama or the Republican Voters would you . The primary process is very different from what youll see in the general and as we look into roy moore even before these allegations charles well listen though, because this is a nationwide effort, bannon saying that he wants to go after all the senators except for ted cruz and there is legitimate disappointment among Republican Voters not getting what they thought they would get because they put a lot of work into thrusting the republicans into control, right . You control the white house, and its not the establishment types either. They put a lot of new faces in washington d. C. They arent getting anything done because theyre trying to do it with republicans only. You cant do things with 4750 votes even 52 the senate rules require you got 60 which means you have to negotiate. Thats how our constitution and rules of our governance are set so why dont they start doing things that will enable compromise. Charles hold on one second michael here is the thing we went through eight years where there was no negotiation so i can understand any republican not expecting that to happen this time, obstructionism is the key card of the democrats but having said that, how is 2018 looking . Too early to make that assessment after virginia and what would tax legislation do to change that . Well, i think if we get something passed, obviously we stay in our platform stands for low taxes and less regulations if we get something through weve got a fighting chance. We dont get anything through not only will the market take a tumble with this because its going to send a signal we just cant do anything. Charles but vice versa if tax legislation goes through we keep seeing job creation right now, were on pace for the third consecutive 3 gdp quarter, i mean thats the kind of thing that, you know the establishment though . Donald trump. [laughter] charles all right so im not voting republican in the midterms though charles depends on what tax edge haitian right now theyre raising taxes on Small Businesses. Charles guys coming up why sheriffs are cheering for President Trump because well, they like the idea of making america safe again. Well be right back. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp i just finished months of chemo. But i dont want to talk about months. I want to talk about years. Treatments have gotten better, so. Im hoping for good years ahead. Thats thanks to Research Funded by the American Cancer Society. The same folks giving me free rides to treatments, insurance advice,and a place to stay during chemo. I need that stuff like you dont know. And now that you do, please give. Call 18004164357 today. Your contributions to the American Cancer Society fund valuable research but thats just the beginning. A cancer diagnosis can kick off years of challenge. And thats where your donation truly shines. You help us fund free rides to treatment. A live 24 7 help line, free lodging near treatment centers, and even efforts to expand access to insurance. So, please donate today at cancer. Org and help attack cancer from every angle. Charles President Trumps relationship with local Law Enforcement was amazing during the campaign and it looks like its really paying off for everyone. The 2017 murder rate is project ed to be 2. 5 lower than last year and americas 30 largest cities here to discuss this is share ill Thomas Hodgkin s of bristol county, massachusetts. Thanks for joining. Thanks for having me charles. Charles today we saw attorney general Jeff Sessions in front of a panel in washington d. C. And they started the conversation off with the remarkable gains that weve made in this country with respect to Crime Fighting and that was one of the central tenants of President Trumps campaign and i know that sheriffs around the country rallied around him in part because he was going to allow you guys to do your job. Has he lived up to that so far . Sheriff boy theres no question about it charles. Look, the president has from the very beginnin

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