Thousands of employees as a result of the new tax field. Why, its like Christmas Day at george baileys house. Kind of. Except for the caroling. The tax bill also delivers another huge achievement to the president , a repeal of obamacares individual mandate. He did what congress wouldnt do, which may be the death knell for a program that has been a drag on the u. S. Economy. The president promises, by the way that this is just the beginning. In a tweet Congratulating SenateMajority Leader Mitch Mcconnell trump proclaimed our team will go one to many more victories. Of course the democrats with the help of some in the media used a constant drumbeat of dire sky is falling predictions to drive down the popularity of the tax bill. But a South Carolina senator tim scott said today, this victory is for all americans. This is not about washington. Its not about the left. Its not about the right. Its about singleparent moms or looking for a reason to be hopeful in 2018. For the average family who was working paycheck to paycheck looking for ways to be hopeful about their future. Laura being there today at this event, i can tell you that it was pretty awesome because you could feel the buzz, the excitement that was in the air. And it was good for republicans. They havent had a lot to celebrate really as a team legislatively, but without a doubt it was palpable. Earlier this evening i sat down for an exclusive with Vice President mike pence and we discussed a variety of topics, but number one the victory of this tax reform and a whole lot more coming up. Laura thank you so much for joining us, we really appreciate it. Thank you, laura. Its a great day for america. Laura a historic day, the last time was during the reagan administration. Tell me the mood in the west wing today after a long battle. I think all of us just felt very grateful. Grateful for the president s strong leadership. Or somebody who literally ran on a commitment to revive the american economy. To make sure that the forgotten men and women of this country or forgotten no more. I watched this president all year long as he fought, not only for the largest tax cut in american history, which passed today, but for the kind of regulatory reform, rolling back federal red tape. Releasing of american energy, all the things that have already revived the american economy, but to be here for the largest tax cut in the history of the country, the kind of tax reform we havent seen for 31 years and at the same time to repeal the individual mandate and obamacare and open up and up to environmy responsible drilling is just humbling for me to be a part of. Laura republicans are always known to be deficit hawks, but this legislation by most dont like most estimates does increase the deficit by about 1. 5 trillion. What about that over ten years . How concerned are you about that and does that mean we will be tackling entitlements as paul ryan is always wanting to do . The need for the congress to always look for ways to tighten its belt is a real priority for President Trump. The estimates of deficits here are all based on some pretty predictable growth estimates Going Forward. Laura Tax Policy Foundation says it does take into account growth, even if the tax cuts are permanent, they say it as about 1. 4, 1. 5. Thats right, but i have to tell you President Trump really believes, we all do, that by letting the American People keep more of what they earn, by letting middle income americans have more spending power, by lowering taxes on businesses large and small that we will outperform those growth projections and we will see those deficits overcome by growth, but also by exercising the kind of fiscal responsibility that President Trump has been driving for since the first day of this administration. Laura why is the public not with this bill . Polling, im doubtful of some of the polling, but pretty much every poll puts it between about 33 and 42 popularity of this legislation. How do you guys go out arrow to every part of the country and sell this as a tax cut for the middle class even though the top 20 percent do get the lions share of the relief . Is the president did today on the south lawn, we will continue to make the case for this middleclass miracle. When the president laid out a vision for historic tax relief this year he basically said we want to cut taxes for every american. Laura you have some work to do to sell this . Maybe a little bit. When the American People start to see more in their paychecks in february they will start to realize that the president s vision here, that this middleclass miracle that was passed today by the congress was an idea whose time has come. I really believe it will sell itself. Laura carried interest benefits had sponge. They get to have their profits taxed at a much lower rate than most americans. That survives in this legislation. That doesnt seem like youre kind of taking this new approach to the Big Hedge Fund force in the United States. I understand the president wanted it out of the legislatio legislation. Which republicans demanded that it stay in . The president would have been happy to see it come out. Laura did he go to the mat on that . Why should headphones guys get the continued benefit of a low tax rate . How does that look to the middle class . I think what he went to the mat on was really just advancing that vision that he articulated this spring for tax relief. This economy is already rolling at 3 growth in people told the president during the campaign, they laugh at him and said it would take years to get 3 . He got there by the Third Quarter of this year and we are continuing to see growth. I truly do believe that you are going to see companies that had too many incentives in our old tax code to take jobs overseas and youll start seeing jobs coming back to this country. You will see trillions of dollars pouring back into this country investing in american jobs and American Workers and we will see our economy expand. Laura are you surprised that you didnt get one democratic vote, not one . I am actually. Laura i find it to be actually stunning. Even as partisan as things are, not a single and was there anything that republicans could have done . Joe manchin said it was all behind closed doors, which is not accurate, but he said he had a list of things that were never considered. Laura, look, i watched President Trump ring Democrat Members of the house in the senate to the white house. Laura what didnt work . For meetings, for meals to sit down and say we want to work with you. When you have the majority of the members of the senate, democrats in the senate signed a letter taking themselves completely out of the equation. Thats a disappointment, not just to our administration but to the American People. The American People want to see the Congress Work together. I promise you you know this president well. Hes going to continue to reach out across the aisle. We will take on issues like welfare reform and infrastructure next year, rebuild america. Laura you want paul writing to say as House Speaker . There was some scuttlebutt that he might be leaving sooner than people thought. I think the result of this tax cut really for itself and the president and i hold him in the highest regard and want him to stay in the congress and continue to lead the congress because we are really just getting started. Laura are you willing to do medicare reform or is that just too big of a hill to climb once again . First off, the president made it clear during the campaign we will not be cutting social security. Laura no cuts, no changes. On the Health Care Bill that we can close on a couple of times was fundamental reform in medicaid. There are ways that we can find savings and even improve services to our most vulnerable americans in these programs and i promise you whether its medicaid or other areas. Laura medicare, social security, we are not going to touch those of the first term. Has been very clear on those issues. A growing economy and fiscal responsibility giving states more flexibility to administer programs like medicaid is a pathway towards fiscal solvency. Laura you think we can grow our way out of 20 trillion in debt . Even with 4. 9 growth that is a steep cliff. We have a president who has a boundless opinion about the capacity of the American People and the strength of the american economy. I have no doubt that what weve seen in this year alone where the economy is coming back, optimism is back, and all of that is before today as this tax cut takes effect and takes hold. As people begin to feel the freedom from that mandate and obamacare that was repealed. Think about that. For the last seven years the American People have had to pay a tax for the privilege of not having to buy insurance that provided them with minimal coverage. Laura democrats really thought they had derailed the trump train but tonight the president seems to have all the momentum. To put it all in perspective, we are joined by Fox News Contributor and Senior Editor for the federalist Mollie Hemingway and the Vice President for the center for american progress. Great to have you both on. Igor, lets start with you. You heard with the Vice President said, confident, optimistic. He said we are just getting started. I will agree with you. Start like that. You said most of the tax cuts go to the richest americans and thats precisely the problem with this bill. For a president who ran on a populist agenda, the forgotten man and woman, to give a tax cut, 80 of the benefit by 2023 go to the top 1 . Thats a big problem in the middle class tax cuts expire over time. You add to that the fact that 13 Million People are going to lose their Health Insurance, that premiums are going to go up by 2,000 and this thing is a real disaster. This the problem with democratic messaging. If you are saying the tax cuts dont have anybody but the wealthy. We are middle class what we will get and we are so happy with what we are going to get. A lot of people say 1,000 or 2,000 isnt very much. To people like me its a huge ordeal. You are in for a real surprise when youre taxes expire. Thats the real problem, rate . Laura these are the companies that are offering bonuses, pay increase and more on the heels of this tax legislation. Boeing, at t, wells fargo, comcast, hundreds of thousands of employees are either getting increases in minimum wage, middleclass people, or thousand dollars surprise bonuses because of this. I understand the democrats messaging, they will say it doesnt mean anything. It means that trump is not a populist. I reject that because we know the top income earners pay the lion share of taxes so obviously they will get more numerically in tax cuts if you are going to do this kind of tax reform. But business is made up of individuals. Is it not . Are in individuals through 401 k s, pension funds, they need business to do well. If business is not doing well at optimistic, that does not in anyway filtered out to the workers who need raises or increases in income, correct . Its great that we are the corporate spend that these companies are doing. Thats very different terms of increasing wages. If you look at larger surveys of companies to look at a yale survey for instance came out just a couple days ago, 110 ceos. Only 14 said they would invest the benefits into wages. Corporate tax rates are attacks on employees. There have been studies that show when you tax a corporation most of that is borne by the employee. Cutting Corporate Tax rates is a benefit to employees. We have been out of line in this country relative to europe on artwork, Corporate Tax rate. Companies have every incentive to take it overseas when they are making it hostile for them here. Part of what you say is this is really Corporate Tax appeal and not much of an income tax relief for people, but Corporate Tax relief is very important for actual employees. And you know where it goes . To corporate ceos, not to the women who work at those companies. Corporate tax rates are borne by employees. They lose wages. If you want to make the case for repealing Corporate Taxes. Laura we talked about republican messaging, which i think has to improve on this, no doubt about it. Democrat messaging on this has been i guess probably effective to some extent given some of the numbers for the tax reform, but its also a little bit over the top. Invoking today tiny tim, lets watch. What were doing hear, hear today is basically saying wealthy americans, big fat Christmas Present for you. Tiny tim, we are taking your crotch away from you. Like tiny tim, they now find their future in danger because of the greed of those with power. The cruelty that is in the heart of the tax scam. Laura i thought it was the tiny tim who tiptoed through the tulips. Its obvious with a Christmas Carol ripping the crotch away. Only the most cutting edge, most popular references from democrats. Tiny tim. Talk about the 1930s, that was great. I i dont know who tiny tim. They dont even know who tin tiny read your dickens. Laura he stumbling. Mitch mcconnell took the crotch, he just hung it up. So over the top. The Economic Growth has been really strong. Obama did not have two quarters of these types we need to grow wages in the country. We need to repatriate capital, which i think is really important. If we dont bring capital back to the United States, that is not going to be good for the average man and woman. What have republicans have to do as i asked mike pence to message this to people who are maybe hostile to the president s message . Parts of the country that may be dont like them very much, california, new york. I would take this all of the country, be bold about it. It make sense the democrats would be screaming in caterwauling about everything, but what is frustrating is how much of the media participated in that as well. Usually when the general public is confused about the effects of legislation, you might see the media explain what is actually going to happen like the vast majority of people are receiving tax cuts or like how i found out with my husband that were going to get a nice decrease in our taxes. I think part of it is making sure that when people see higher paychecks, when they see lower taxes, reminding them who got them that in making sure thats consistent messaging. There have been good things about the messaging, but something went awry or people got the wrong idea about this. Laura we have a lot more with most of our analyst here. Stay right there. Part two of my interview with Vice President pence in this debate when we return. Liberty mutual saved us almost eight hundred dollars when we switched our auto and home insurance. Liberty did what . Yeah, they saved us a ton, which gave us a little wiggle room in our budget. Wish our insurance did that. 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Im not all about the polls, believe me, but all Things Considered its better to be popular than not. It going into this new year, midterm elections, the generic ballot, every poll shows republicans down double digits. What does the trumppenns team need to do to tell the story to suburban women, to millennials, africanamericans, hispanics. Are you going to go to those placed, even hostile places where people dont like you very