Involving a certain budget. By the narrowest of votes and despite a lot of infighting that speaker ryan was allowing to. Lets listen to speaker ryan earlier today. If were calling each other names or calling each other out or saying things against each other, what does that do to help a working mom get ahead . What does that do to advance tax reform which will give us bigger paychecks . Nothing. Neil hes right about that. The fighting not withstanding and all the little tussles back and forth, the fact of the matter is, despite that, it was close but in the end, the house did approve the senate budget. But i do emphasize close by a vote of 2016 to 212. We could see that there were 20 republicans that werent keen on that. Most of them were from the high tax states, very concerned that if they have not settled this issue of deductions and whether deductions would be allowed for state and local taxes, a big issue for them, then they wouldnt be all over this attempt. Well explore that more and were all over it with marco rubio. The rnc head, Ronna Mcdaniel and chris coonce. We have peter doocy right now. They got it done, right . They did. It was very close, neil. However, it was a runway for the tax reform bill, according to ways and Means Committee chairman kevin brady who is writing the tax bill. He says when that hits the house floor, the vote wont be that close. In the senate capitol, bob corker who would not vote for President Trump again if he had the chance, will vote for tax reform. It would be like somebody in youre listening audience representing their company, sitting there across the table from someone that they may have a low regard for, but are they going to do something to damage company because of that . Absolutely not. This can be great for our nation. Im all in. At the white house, President Trump has been daring democrats to vote against the tax bill that would mean cuts for most. Saying he will campaign against red state democrats that go against the tax bill. But because republicans still have not released specifics of the plan, Democratic Leaders are taking the first shot saying people are going to lose more than they gain. The moment of definition. We will not allow them to misrepresent the facts on this tax bill to the American People. Heart breaking because we could have done something in a bipartisan way that would be sustainable. For weeks republicans have been saying you have to pass this budget to get to tax reform. Even if you dont like it. 20 republicans just could not stomach it. They voted against it anyway. 11 of the 20 were from new york and new jersey. Those are states with very high state and local taxes. The lawmakers say that they want to make sure deductions for those high taxes, state and local, stay in place. Otherwise they may bail again. Neil . Neil thanks, peter. So where to from here . They are going to meet and hammer out a tax cut accord. But those efforts are a little bit bumpy. Were told, for example, that just trying to come to agreement on those writeoffs for your state and local taxes as well as protecting the integrity of 401 k contributions, that they were trying to find some compromises on them and came up short. The washington examiners susan is here with us. If you had to gauge it, sounds like a lot of republicans would still support a tax cut. The question is, how many do so. What do you think . Depends what the loop hole closures are. One persons loop hole closure is another lawmakers very important tax exemption. So i think that you will get a lot of republicans on board. But the question is will they get enough to pass it, particularly in the senate. It all boils down to the deductions. If each lawmaker examines the deduction and one determines that their constituents will lose out, you have a problem. Were looking at the state and local Tax Deductions, whether or not that will negatively impact constituents in certain statements, certain districts and then you have the debate over the 401 k deductions. I talked to lawmakers that told me that republicans, that you would think would vote for the tax bill no matter what says dont touch the 401 k . They dont even want to go there. The problem republicans have, yes, we love to lower taxes for everybody but they have to find offsets. Offsets are the way to pay for them so you dont blow a big hole in the deficit. They dont have a solution yet. Well see the legislation next week. As we speak, theyre meeting in the capitol and theyre trying to hash out a way to actually close some loop holes, pay for it without losing republican support. Thats where they are. Neil an uphill battle to put it mildly. Thanks, susan. Were finding out more about the cvs deal in talks to buy aetna. It would give aetna a market value of 53 billion. The two have been kicking each others tires. Whether or not this has anything to do with a republican revamp and the fees we pay to these guys through tax dollars, anyones guess. What we know is that deals are popping. This one is big. I mean big. Now to the senate and what they do with what theyre left with. A Battle Royale over what is in and what is out with Florida Republican senator marco rubio over what he thinks will be the ultimate winner. Neil all right. Amazon is in with earnings and sales after bell to handily beat estimates. That stock already touching near 1,000 a share. Soaring an additional 60 in afterhour trading. That could be volatile and a passi passing phenomenon. Back to the budget issue. The house voting on the senate measure. 20 republicans voting against it. What a lot have problems with is the plan to wipe out local and state Tax Deductions that doesnt fly from those that come from high tax states. I raise that issue with marco rubio just a short time ago. Is it your sense that that provision will be in the final tax package, should it be . What do you think . Thats what theyre going to work through on the committees. Its not a reason to vote against the budget. The budget is a vehicle being used for tax reform. That might be a reason for them to come out against tax reform or change the details, but shouldnt be a reason to vote against the budget. So again, thats one theres Real Committee hearings here in front of the public and debate and votes. Were going to get to a place we need to get to. We need to get it done. Theres no alternative. You cant let the enemy be the perfe perfect be the enemy of good here. Neil you had this idea to significantly up the Child Tax Credit from 500 to 2,000. But what struck me with that, and maybe i misread it, senator, would that apply to families as well who dont pay any federal taxes at this point . Federal income taxes. I want it to apply towards payroll tax. The family is the most Important Institution in society. Parent is the most important job any of us will do. Something that mike lee talks about, theres a parent penalty. So all of us, when we retire, we want Social Security and medicare. Who pays for that . Todays workers pay for todays retirees. If i have four children and someone has no children and we both retire, i just spent basically 250,000 per child to race four taxpayers that will pay for your retirement and you have no children. The tax code should account for that. The 2,000 doesnt come close to making up for the gap but it accounts for the increase and is a way to help families move ahead. By the way, if we dont do the Child Tax Credit and we dont make it refundable, youll see middle class families get tax increases and the president wont seen that. People wont support a middle class tax increase. It wont pass. Neil you think it opens up with the best intention but a slippery slope where we give tax breaks to those that dont necessarily youre right. They pay fica and related taxes but not federal income taxes. So were in a battle to provide benefits to those that are not kicking in for federal income tax . When you work, they take that money out. It doesnt matter if its income or fica, its less money. Its a tax. Just in a different bucket. Number 2, hopefully, the growth in the economy, the other part, the big part of the tax reform will move people into income brackets over time that theyll be making more and they will be. Not because the rates are higher but theyll be in the brackets paying income tax. Thats the second part. The third part, you dont get it unless youre working. You have to work. Its a pro work endeavor here. It certainly is its better for families and our country than stay home and be eligible to collect government benefits in an amount or greater than the credit. Neil if it wasnt include, would you vote for it . The president wouldnt sign it. Its a nonstarter. We have to do it. We will do it. Neil because its not in there now. Its in the frame work. Theres no bill because the details will get worked on now. Neil so next week when we get the details, it will be in that . It will be there or in the end. It will be there. The president will not sign it. The president is not going to sign a tax increase especially on working families. That im confident. Neil how is your relationship with the president . The reason i asked, you asked about the dustups with senators flake and corker. You said, i believe yesterday, the Republican Party is going through a moment of realignment internally. Ininternal debate about what the party will be about and represent in the years to come. Are you saying those senators are the old party and donald trump is the new . What are you saying . No. Im saying thats what everyone is going through. The rest of that statement so are the Democratic Party. So is the media and academia and every institution in our society. The world has changed. The economy has changed. Its challenged all of us to reexamine what the role of our institutions are neil but some dont like the change in that direction. The president is debasing the party and the nation. Do you agree . Well, everyone will express themselves. Jeff flake is a friend of mine. Someone i admire. We agree on a lot of things. We disagree on a few. Thats the way it is. You asked about my relationship. Its straightforward. If i agree with him, im going to support him. If i disagree with him, im going to try to change his mind. He was elected president. Im going to work with him for the good of our country. I focus my time on helping the people watching this, not the people covering this. For many, the sort of daily back and forth is interesting. Everyone has a right to do it. Some of it is valid stuff being talked about. I choose to spend the majority of my time getting tax reform done and the v. A. Reforms and strengthening our military and helping pediatric cancer issues and helping florida from recover. Neil so you think the tit for tat on the president s part is counter productive. It waste as lot of times on things that are not relevant. Thats what i believe. Everybody will do what they do. I cant control what other people do. I can control what i do. I try to focus on what people have sent me up here to do. That is make the country and their lives better. Neil senator, theres a lot of back and forth on the legitimacy of this growing scandal around Hillary Clinton and barack obama regarding the socalled uranium one. Whether the russians were able to curry favor were the bomb administration and more in the roll of Hillary Clinton at secretary of state benefitted the Clinton Foundation. Do you think she had to have been aware of a lot of these details she says she was unaware of . I dont know. Thats why i think its probably within the scope of muellers special prosecutor investigat n investigation. I believe thats within their scope. Should be investigated. Neil do you think he will . I dont know. If he doesnt look at it, he bet very a good reason why. Theyre called independent for a reason. They dont coordinate with us. I believe it should be. Its a legitimate issue. I suffice it to say if that were us or about the trump administration, there would be a lot of coverage on it right now on some of the other networks. Just seeing it as i see it there. Quickly, sir. A number of democrats have said theres no equating the largest charges with donald trump jr. Meeting with russians for a meal and discussing dirt on his opponent. Republicans argue thats essentially what is arguing here. You remember thoughts. I dont know who said that. I dont know. A deal to purchase Radioactive Material in exchange for cash and other things is a little more relevant in my view. Doesnt make anything else irrelevant. Its a big deal. Certainly more important than Opposition Research in a campaign in my view. Neil senator this tax package, the time line seems that the house voted on the senate budget, that saved some days to get in done. Are you confident this will get done by the end of the year . I am. Its not going to be easy. It shouldnt be easy. Tax reform is big and important and should be hard and should be debated and should be well understood. We dont want any unintended consequences. Im confident we can get it done. Like what it would mean to our economy . Why are we here . Why would you elect people to the house and the senate and the white house that support tax reform and cant do tax reform . I think people have a reason to ask, what is the point . I cant imagine not doing it. It would hurt our economy and confidence. I think it would be devastating politically as well. I imagine most people around here understand that, too. Neil in the end, the two things kicked around like the deduction for state local taxes, the deductions for 401 k contributions, are you opposed to both . Somebody is out there talking about what are the options. What are the things you can go after and they start floating these to see what the reaction is. In the end, i want tax reform passed. To do that we have to make difficult and unpopular decisions. The president says he doesnt want the 401 k thing. Maybe the house will produce something with it in there. In the end, that will be debated through. Theres going to be things in there that people dont like. I dont think it will be the 401 k provision. Thats what the debate will be about. In the end, not doing anything is not an option. So theres no way this tax bill will have everything i want. Its not. The question is does it make things better or make things worse . If it makes things better. Im for it. Neil and now from the other said, chris coons will be joining me. I want to update you on the blitzkrieg of earnings coming out. Microsoft beating expectations. Googles shares are up sharply. The winner of the day easily appears to be amazon. I think they were looking for 3 to 4 cents a share. Turned out to be north of 50 cents a share that blew everyones most bullish estimates away. That stock up 60 bucks a share. So it goes. More after this. avo when you have type 2 diabetes, you manage your a1c, but you also have a higher risk of heart attack or stroke. Noninsulin victoza® lowers a1c, and now reduces cardiovascular risk. Victoza® lowers my a1c and blood sugar better than the leading branded pill. avo and for people with type 2 diabetes treating cardiovascular disease, victoza® is now approved to lower the risk of major cardiovascular events such as heart attack, stroke, or death. And while it isnt for weight loss, victoza® may help you lose some weight. avo victoza® is not for people with type 1 diabetes or diabetic ketoacidosis. 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Fresh soaps. And of course, tripadvisors freshest, lowest. Prices. So if youre anything like me. Youll want to check tripadvisor. We now instantly compare prices. From over 200 booking sites. To find you the lowest price. On the hotel you want. Go on, try something fresh. Tripadvisor. The latest reviews. The lowest prices. Neil all right. No democrat voted for this budget in the house today. What happens now in the senate with chris coons, the democratic delaware senator, also served on Senate Judiciary committee. Thanks for being here. Thanks, neil. Neil as you see things now, how would you vote . As i see things now, how would i vote on what . The tax frame work that youre right. We wont know the details until next week. Many in your party say its tilted to the rich. What do you say . Its about nine pages but its not a bill. Its not been analyzed or scored. To the extent that it follows the broad frame work and cuts 470 billion out of medicare and a trillion out of over ten years, i oppose that. There are things that we could and should be doing on a bipartisan basis. Neil, i introduced a bill where my lead legislative partner is ted poe. One of the most conservative house members from houston, texas. My partner here in the senate is jerry moran from kansas, a bill that would help Energy Production in the United States that is good for oil and gas and pipelines and for renewables. I would have other bipartisan proposals that would help strength in manufacturing. Theres things that we can do in tax reform that would make it get bipartisan support. So far, its been written by one party and it would be hard to succeed. Neil one of the arguments republicans have been raising is maybe if they make and well know details next week is offering an additional bracket for the very rich, that their taxes will stay the same and maybe go higher and that might win over democratic votes.