Slashing the state and local deduction means a massive republican problem for republicans in virginia, new york, illinois, washington and, of course, california. Multiple analyses have shown that despite the socalled compromise that allows families to deduct upp to 10,000 in property tax, the pain inflicted on suburban families will not be much mitigated. States like california, new york will still experience an exodus of taxpayers training local resources and impacting services. For those housemp republicans, voting for a conference report is a poisonous boat. And not to mention that home values will fall in those districts of those house republicans. If there voting to decrease home values by ten or 8 , for every homeowner in their district, thats political suicide. Why would they do it . Thats what will happen, and homeowners will start seeing that right away. Anothernc problem, the lastmine inclusion of corporate amt has republicans in Corporate Leaders scrambling to figure out it
A time is set for confirmation vote, but it would happen tomorrow. The government runs out of money saturday. And we may hear argument for tax reform. Live coverage of the senate here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Barry black , will lead the senate in prayer. The chaplain let us pray. Eternal god, we praise you for your goodness. Your faithful love endures forever. You are the protecter of your people. Today recapture the minds of our lawmakers and galvanize their wills. May they live blameless lives doing what is right and speaking the truth from sincere hearts. Lord, infuse them with a spirit of humility so that they will seek to be guided by your wisdom. May they keep their priorities straight, remembering that you are the only constituent they absolutely must please. Help them to make it their primary goal to please you in what they think, say, and accomplish. We praise you and pray in your holy name. Amen. The president pro t
Hillary clinton probe. And ceo for concerned women for america. On facebook targeting 6yearold children with a new messaging app. I am liz mack donald, risk reward starts right now. This is armageddon. This is a big deal. You know why . There is a hard way to come back from this. They take us further, more deeply to debt, what can you do but raise taxes . Liz nancy pelosi, declaring that Senate Tax Reform bill is armageddon, republicans are not only ones slamming nancy pelosi for that remark, embarrassed maryland representative, sonny hoyer, 36 year veteran of capitol hill, he was not prepared to take things that far, he is not going to say it is the end of the world, former governor Mike Huckabee on that and more, but first, adam shapiro, joining me with latest on tax reform in capitol hill. Have you been breaking a lot of stories, what now . World is still in tact, but were waiting on a timeline for Conference Committee to getting it to work on tax reform, there was lunch today, wher
Like tax heights on the middle class and subsidize corporate welfare. That menacing idea at the core of their bill is a problem that like a hydra spouts many heads. Slashing the state and localistc deduction remains a massive problem for House Republicans from suburban districts in virginia, new york, illinois, washington and of course, california. Multiple analyses have shownhe t that despite theed socalled sub compromise that allows family to deduct 10000 in property tax m the pain inflicted on familieseu will be mitigated. State likes california and newsh york will experience an accidenr of taxpayers. It will drain local resourcesus and impact services. For those House Republicansnd voting for a conference report is a poisonous vote substantively and politically. And not to mention that home values will fall in those votin districts of those House Republicans. If they are voting to decrease n home values by ten or 8 for every homeowner in their district that is political suicide. T
Mixed, kind of nothing actually. Isnt that funny. All minimal moves. Lets call it a complex more or less in europe flat at this point. 10year note yield, we had the big employment number on friday. Didnt really see that Much Movement though, did we . Its funny, i spent a lot of time talking about the bonds on friday on mad money, the old days what it would have been been like and it would have been selffulfilling and were we have a great economy so you know rates have to go up immediately. It did not occur and its a different pattern but weve seen for the past 30 years. Lets get to our road map this morning, well get back to the bond market in a bit breaking news in new york city, an explosion near the Port Authority bus terminal during the morning rush hour. There is one suspect now in custody. Plus, the bitcoin boom, the futures on their first day of trading, they are surging. And well also have an update on qualcomm and broadcom and importantly shots fired from elliott this morning