the ways and means committee as well as others. we will have live of that coming up on c-span beginning at 11:15 eastern. you can also follow coverage online at c-span.org and on the c-span radio app. the chairman of the ways and means committee kevin brady briefing reporters and scott wong of "the hill" tweeting some of the highlights of the g.o.p. tax reform bill. they are calling it the tax cuts and jobs act and a look at some of the policy highlights we'll hear more about in about 45 minutes or so. until this part of this morning's "washington journal," and discussion on the tax reform plan. s. host: we welcome to our desk for the first time republican congressman matt gaetz. he represents florida's first district covering the state's panhandle and sits on the judiciary and armed services committees. glad to have you with us. with the anticipated announcement today, republicans are about to release their tax

plan, we have been talking about it for a long time. i know you are headed to a meeting pretty soon, so you might have to leave early, but what can you tell us about the details of this tax plan? guest: we are excited that the republican tax plan will simplify the tax code, it will broaden the base of taxpayers, so that we can lower rates of all americans, and really get the economy moving again. we would like to see more robust gdp growth. we think that there are specific features of this tax plan that can make a substantial contribution. first would be bringing back the trillions of dollars in assets that are currently overseas as a consequence of a tax code that seems to disadvantage america to the betterment of other jurisdictions by having one of the highest corporate tax rates in the world. bringing those dollars back will inject some immediate vibrance into our economy. we are also excited about bringing down the corporate tax rate. because we have one of the highest tax rates in the world come into many americans are not able to see that same

opportunity for wage growth or advancement in their careers. by bringing our tax rate in line with a more competitive tax rate of other countries that are our peers and competitors, we think we can really get back in the game economically speaking. features.two we also suspect that individual tax rates will be lowered. we will have a system or nine out of every 10 americans will do their taxes on a postcard. , you again, this tax plan were going to find out about it in a republican conference meeting coming up. we will find out more about it at 11:15 with this press conference featuring house republican leaders. we will be showing a live on c-span3, c-span.org, you can also listen to it on c-span radio. where we are today without the budget process we went through. we talk a lot about on the program.

republicansof 20 who voted against the budget resolution. had it happened that way, we wouldn't need tax reform now. we could have gotten to attacks will by cutting spending as well. i am all for tax cuts but also spending cuts. as a member of the budget committee, i have seen the $20 trillion debt moving toward $30 trillion of debt. while in the business of cutting taxes, i believe in the house budget which cuts spending by $200 billion. wasunited states senate unwilling to cut even a nickel of spending. i would have preferred to work senate where the cut spending so whatever tax

we develop, it does not contribute to rising debts in the future. host: cut spending so whatever ? would you support plan that doesn't add -- in the short term we can add to the deficit -- deficit if there is a long-term plan that a widow -- that would allow us to long-term growth. my preference would be to do these things at the same time. to get the full value out of tax reform, we also have to have welfare reform, the type of spending cut we advocated for in the house budget. host: where do you draw the line and what is too much for you? guest: it depends on what the projections show for growth. we cannot look at a one year or two year window p or do we have to look at a 10 year window and as this tax bill to rate the rising water that lists all boats, or does it contribute to 15 years of generational debt.

i am one of the youngesti am ons of congress and i look at these deficits grimly. if we don't deal with the rising al is up first in buffalo, new york, democrats. good morning. i have people who live there. they are getting properties stripped or a road comes through

their from a two way to a four way. if we are going to do this tax what provisions are legal? some say this is what we want to it is sometimes like we are on nickels and dimes. make, i am a will veteran of 21 years and i cannot see taking a cut as far as being a veteran. host: i appreciate your comment. guest: first, i appreciate your service to our country. woulduction in spending

negatively impact veterans. the most substantive legislation the congress has put on president trump's desk has allowed him to make structural reforms that would increase the quality of care veterans receive . over 700 people who were previously not meeting commitments to veterans have atn relieved of their duties the v.a. and more than money, structural change will improve quality for veterans. widening ind a road florida. that is not something members of congress vote on. it is more state and local level. it is worth noting that one of the reasons we have infrastructure challenges as people want to live in florida. it has the lowest per capita state taxes in america and it shows that if you cut taxes and have more taxpayers, need can have five prints in the economy and the need for infrastructure and growth. as for details of the tax lan,

we will learn more but our estimation is regular people throughout the country can see a $4000 savings on the taxes. we will see more details but that is the scope and range we expect to have any impact it will have on american families. host: there has been uncertainty the details of the bill have started to come out here the washington post reporting kevin bill introduced will not permanently lower corporate tax rate to 20% and instead, the cut would be temporary and reduction would aspire around eight years. that is not exactly what the president was promising when he talks about permanent corporate tax cuts. guest: it is a fluid process. ideas are introduced and there is a committed -- committee process and those are honed and we will be able to choose which priorities are most important to

the country as we continue to govern on the issues. i will be supporting changes to that will achieve the objective for others, different types of deductions are important. for me, cutting the corporate tax rate will really create jobs and wage growth we would love to see. host: a call from florida, sean is an independent. caller: good morning. suggest to you you are referring to the failed trickle-down economic policy. of my career, i worked for a tax firm. we had one doctor that came in and he made cash and not stocks and bonds or anything else. $365,000. expertsime all the tax were through with him and attorneys, he qualified for welfare and food stamps.

i would like to suggest this is not a reality at -- in any way, shape, or form. a flat tax of 5% goes to state authority and 5% to the federal authority, and you have to live within those means. thank you and a pleasant good morning. guest: you are speaking my

guest: you are speaking my language with the national tax. i am a sponsor of that tax. i would absolutely support the system you described over the one weguest: you are speaking my language with the national tax. i am a sponsor of that tax. i would absolutely support the system you described over the one we have. we unfortunately do not have the votes to pass that. it excludes stays up to $11 million for a couple. this is a perk for the donor glass. how do you justify that? guest: easily by saying the money people made throughout their lives has already been tax. one reason i support abolishing

the death tax is it is a double taxation on people. abolishing the death tax is it is a double taxation on people. it is money tax at the time it was earned. good morning.g is we thank you, c-span. host: thank you for calling. what is your question? caller: i am glad to see him working on taxation. it is so high and the united states and it went up, and i am not a kid and my parents have been married 73 years.

there are seven generations of us our republicans will work together and get this done. the commentreciate you are you make a point about republican unity and republicans working together. i have neveryou is seen republicans as unified on capitol hill. everyone understands the importance of getting tax cuts passed. i look forward to getting it done just as the american people have demanded. our host: -- r paul ryan and mitch mcconnell unified? sit nexte colleagues i

to on the floor understand that tax reform is do or die for the party right now. after fumbling on health care, notolleagues understand the truth isaxes really unlock the potential of the american economy. if you look at connections between russia and the hillary clinton campaign, the key nexus

is the uranium one deal where the clinton foundation and president clinton presumably could -- received a great deal of consideration in exchange for the uranium one transaction being approved. mr. mueller was intimately atolved in that in his role the department of justice. as an attorney, i would apply the same standard to robert mueller as any other lawyer. if you have potentially been involved in a transaction, you cannot possibly be the lawyer in the process of scrutinizing or investigating that transaction. the connections between hillary clinton, her husband, the clinton campaign, and russia, necessarily would exclude robert mueller as the person to be able to pursue that. the mueller think investigation should continue without him in that role? guest: we have had a great deal of investigation in congress and special counsel. if paul manafort was moving money around in dubious ways, i

don't know the we have got some to continue to pursue. >> is there going to be any effort to quantify the savings to the economy in terms of the symbols location thinking with respect to taxpayer advocates and estimates to thenumbers and costs american economy complying with tax code. and is there going to be an opportunity for reevaluating the

itemized deductions people, to take specifically, i do not feel people should be allowed to write off their state and local taxes and mortgage interest expenses. obviously, a lot of people do not qualify for deductions related to home ownership. host: let me let the congressman take it up. guest: you are right this implication of the tax code alone makes a substantial contribution to the economy. the we really around at legislation and add details, we will get a congressional budget office score that will tell us a lot about the savings the average american can expect when you do not have to go to lawyers and accounts just to get your taxes done. by doubling the standard deduction, you will have fewer people itemizing, as you described and nine out of every 10 americans will be able to

fill out taxes on a postcard. that is something the american people are really looking forward to. a system that is fair and easy to comply with and that will increase participation in the system. a lot of people do not pay taxes because it is complicated. when it is fair and easy, we will have greater compliance and the confidence -- confidence of the american people that we have a system working for them. and on the free c-span radio app. they have been meeting with members today on capitol hill. republican representative roger marshall said we have to get this done by thanksgiving. a tweet here from our capitol hill producer craig caplan. lawmakers expected to vote on the bill in the coming weeks. the house itself returning in just over an hour noon eastern

for legislative work. they'll start with debate for two rules, continuing chip, the children's health insurance program, and also eliminating the affordable care act's board that's supposed to make decisions about medicare cuts if the program spending exceeds targets. we will have live coverage of the debate when it gets under way. coverage of the house beginning at noon eastern here on c-span. as we wait for the briefing from republicans, we'll bring you part of today's "washington journal" where "politico's" victoria expected nomination of jerome powell to be the next fed chair. we want to focus on te president's announcement today for his pick for chair of the board of governors for the federal reserve position. ,e take you out to arlington virginia, politico headquarters out there. we are joined by a financial services reporter from politico. good morning.

we have been hearing the name jerome powell as the president's's pick. who is jerome powell and is that pic still on track? >> yes. the pic is still on track. he is currently a member of the federal reserve board and was nominated by president obama in 2012. but he is a republican. he was in georgia -- george h.w. bush's treasury department. has a background in investment banking and private equity and briefly worked at the bipartisan policy center where he was involved in talking with republicans about consequences of breaching the debt ceiling. he has a lot of experience in public debt and financial regulation, which will play a if ultimately confirmed by the senate to this position. host: what does the pic signal for the future of the fed?

guest: it is a continuity pic and that jay powell has voted with janet yellen on everything will decision she has made as chair. the senate is a consensus-based organization. it is largely a continuity pic republican, asa i said and probably slightly for more deregulation than janet yellen would be, and so he sort on maybe a republican spin what janet yellen has been doing it he is also not an economist a practicalore of financial markets experience to the position which would be a change from the last several fed shares. if continuity is part of what the president is looking for, why not janet yellen? we heard her name as well. caller: -- is opposed by a lot of conservative republicans and

would probably have a rougher time in the senate than powell. also, he said he wants to make his own mark on the fed and i think he wants to have his own person and their. he has repeatedly praised yellen since he has become the president. he is definitely -- he seems to like her but i think he wants to have his own pick. the: can you talk about confirmation process, how this works, how long does it usually take? guest: the senate banking committee will be the committee that takes it up. on track, nominees for fed chair are typically nominated around october and november. so janet yellen's term is up at the beginning of february. the senate has to confirm him before then. he is expected to be confirmed and the democrats wanted janet yellen and the republicans generally wanted someone more conservative. they have talked about john taylor or kevin worship.

but powell is, most senators seem more or less ok with him. it is not to say he will get yes votes from everyone but he is expected to easily clear the 51 vote threshold. host: in your story about the upcoming pic, you note that unlike janet yellen, powell was trained as a lawyer rather than in economist, though he has worked in the financial world for a lot of his career. issue for him in the senate confirmation hearing? guest: potentially. the people who are fed observers and work at the fed, they do not seem to view that as as much as a handicap because he has been at the fed for five years, but it is definitely a different style and it raises questions about how much he would have to lean on staff in times of crisis, given that he is not an

economist himself. it remains to be seen how much of an issue that will be in the confirmation process. interest rates always a closely watched indicator, when we talk about the federal reserve hear what is inspected to happen with interest rates under a leadership -- powell leadership? of a: he is viewed as more neutral fed board member p or what i mean is he is not necessarily inclined to be more aggressive about inflation or more aggressive about unemployment. is not completely clear what his philosophy is chair would be, but as i said previously, he has voted with janet yellen on all of her decisions, and she has been chair and he also voted with ben bernanke before that. has considerable buy into what the fed has done in recent years. so for a lot of the things the fed is doing, it will be winding back some of the support it

provided for the economy, quantitative easing, which basically the fed bought one -- trillions of dollars in bonds. and the process for that is set in motion. powell would be expected to continue that. how aggressively he might raise rates in the future, that depends on what the economy does , but like i said. for host: what the fed has been doing. kenny -- for what the fed is been doing. host: as the press is a and confirmation goes through? guest: the fed's's top policymaking body, the open market committee just met this week and they announced yesterday, they are keeping the main borrowing rate which affects interest rates the same. it is currently between one and one and one quarter percent. but they are expected to raise rates by another quarter percent

in december. the statement yesterday gave no indication that the plans have changed. islooks like a december hike still on track and that will depend on what happens with inflation because the fed typically raises rates as a guard against prices going up and inflation has been weak, which has made people question whether aggressive rate hikes are really needed to the fed has been taking a more gradual approach. that will be something we will watch and the next month. the next meeting is december 12 through 13th. go, who willyou you watch in the confirmation hearings? whose questions will be the toughest for jerome powell as he starts to move through the process after the expected nomination today? senators to me and scott .oted against powell

i'm sure they will have tough why he did not speak up more in terms of, you know, some of the regulations rolled out under janet yellen, the person in charge of that was and power to them closely. i am sure they will have and hiss about that views. elizabeth warren, i am not sure where she is what she is someone to watch in those hearings. she tends to be pretty tough, particularly on president trump's nominees. watchare the main ones to . the vote is extremely important. he has also reported against .owell host: politico and their

reporting through all of this. >> "washington journal" continues. host: >> tim ryan is back at our desk. a democrat from ohio. ryan is back tim at the desk. serves as co-chair of addiction treatment and recovery caucus trumpngressman, president e week declared opioid epidemic public health emergency, what is impact of him doing that on the ground in akron in youngstown? guest: it certainly is welcome, underwom inuing is whelming. counties, you our need money, you need money on the ground to help, you need law enforcement and you need money for the first esponders, addressing a lot of issues and mostly you need the money for treatment. this is not alcohol addiction, drugs are very potent, a

in rehab 60-day stay is not enough, you need probably three, four, maybe five months get yourself off this stuff and get yourself well. think sometimes a lot of people just don't understand the level of devastation in some of the communities. the, you are talking money nationwide, how much would you like to see going crisis?his guest: we sent a letter to the president a few months back to the programs of and the comprehensive addiction and recovery thakt we passed a ago that was bipartisan bill, we had democrats and republicans working on it. about $10 billion, just to fully fund those programs, epidemic.national in the midst of the conversation we're having now, tax cuts and looks like, et moving in the wrong direction. host: $10 billion. included in oney recommendations that came out esterday from the president's opioid crisis -- the opioid

crisis report, the president's the opioid led by chris christie, any funding in there? guest: they have some recommendations in there. the reality is, you can make recommendations all you want. i sent a letter asking for more money, at the end of the day, if the budget,ve it in don't put it in the public health account through the eclaration for public health emergency, there will not be money on the ground for people back at home trying to work, ohio, west virginia, kentucky, new hampshire, hard-hit areas. host: one chart to show you the hard-hit areas, business insider showing death per hundred thousand peep when he will it comes to opioid overdoses. west virginia, in the mid-30s range. hio, where you're from, just over 20 per 100,000 people. kentucky just below that, are the nia, those highest rates in the country. home ch of your time back do you spend on this issue?

have two iterally staff people working almost full becausethe opioid issue there are so many meetings, so much grassroots activity, plus washington, d.c., chairing the addiction treatment recovery caucus, we're spending time here on the legislative side through the budget, through legislative to try to deal with this issue. we're spending a good deal of trying to address this issue and just for an example, y district director, rick leonard, who runs the offices in ohio, sends our staff a text a weeks ago of right across a nice et from him, in neighborhood, decent neighborhood in niles, ohio, there.ce woman across the street. this is happening in all of our eighborhoods, regardless of wealth, regardless of income or color. what is happen nothing our communities. host: drug deaths in 2016,

60,000, a exceed record when the final numbers are available. getting ay it is better? guest: no. no, not at all. give people perspective, that is more people than we lost in the vietnam war. one year. we have a vietnam war happening year now. sight, for fent n fentanyl, which is more potent, extremely addictive and we need campaign, as ions well, to make sure our kids even try this stuff can kill you. it is important for us to get that message out to them. congressman tim ryan here for the next 15 or 20 minutes calls.orning, taking your phone numbers, democrats, 202-748-8001.

republicans 202-748-8002. independents, 0205 this morning. this o hear your thoughts morning, your questions for him. e is the co-chairman of the congressional addiction treatment and recovery caucus. we'll give you john first from wisconsin. line for democrats. john, go ahead. caller: okay. thing to say. you know, nobody talks about the and how it is implemented on drugs that are selling and i think if they put more teeth into the law that it would lot of people from selling drugs. they would not be available and drugs that arehe coming across the border. you know, it's the same thing. don't need a wall down in mexico, between there and texas, better laws. and there isn't any politicians that are talking about

he law and how it pertains to illegal drugs, that's my question. host: congressman? on the here are laws books now, i'm working with tom ooney, republican out of florida, making it easier to bus lot e pushing fentanyl, a is coming from china. we've got to work with the mexican and chinese government piece in mexico and fentanyl piece out of china. t is important to do this dmroeb globally. look at local communities, they resources for the first responders, for the cops n the beat in some of the towns. you're talking about towns who have eroded tax base, again, to the economic issues in this country today, where we don't have the wear all to push back on these things. host: is it having enough bodys having with it, is it the treatment and life-saving crisiswhat is the bigger right now? guest: well, it's hard to pick,

really. boots on the ground here in the united states in local communities, they are with rescue ated efforts. you know, showing up with narcan, resuscitating people who overdosed, saving lives. night, we had, one 18 overdoses, two or three eaths, that is in large part because first responders show up administer and resuscitate people. we are saving lives, but that is toll.g a there is burnout level happening with first responders, that is occupied saving people who are overdosing instead of going after the bad guys. issues with once you bust somebody, getting the lab to processed quick enough make sure what we found is heroin or is fentanyl or xyz. having trouble because the labs are slammed, they're not getting the io not information back to the local prosecutor, three, four, five

people ater, a lot of getting off, they are back on the street selling. e've got to make investments, the public health emergency or the rhetoric is fine, but it's backed up with money so we can get this process going. pomona, new is in york, line for independents, go ahead. ryan.h congressman caller: yes, i don't know, you drugs roblem here with because you have so many on the yo you've got to cut the supply off, to cut the supply secure our borders. until we secure our borders, you problems nue to have .ith drugs here illegal turated with immigrants who bring with them a drugs and a l

litt -- house and they don't pay taxes and could care less about our drug problem. host: got your point. congressman ryan? guest: couple things. border with you, security is important when talking about drugs coming over the border. now in contrast to building a all, most drugs, 90% of the drugs are coming through the port of entries, in cars, in driving , people just through into the united states, security.e to up the when you're thinking about the drugs, they come over in small i mean, fentanyl, synthetic drug, it is difficult with dogs, it, even because of its nature. important. another issue that's really cary is how much of the stuff comes through the mail. it actually gets shipped through into the united states

and it is so hard because we get millions of packages that come in and out of the united states every year, to identify where the stuff is from. again, that is a resource issue, if we're going to try to push on this stuff. host: bon sein pennsylvania, line for republicans, bonnie, go ahead. caller: yes, i wanted to speak be ome things that could done that don't take a lot of money and that is letting these addicts who do survive continue on with their lives, letting drivers licenses back, possibly having their reduced so that when they get a job, they can pay them off. can't drive, they can't go to work. is a g them vote again, good thing to make them feel part of society. thing, the zone is hard to come by at times, it's addict to get he to a clinic or get the correct

need, ork or what they makes more readily available so hey can move on with their lives. host: thanks. caller: good suggestions. a financial issue, make sure that is readily available. i believe in reintegration, i that is an important point that you made and i think we that,o do a better job of but prior to the reintegration, we must have the treatment and seeing right now coming o >> robust treatment agenda in the united states that can help get these people better.

host: congressman tim ryan of ohio. clayton is in indiana. line for democrats. go ahead. caller: yes. i know the v.a. is a wonderful system. i work there. i see a lot of people that have to wait years for their surgery. the guy over the weekend, five years ago, i have to say he's one of the lucky ones. fafe years ago if he would have had his back surgery he would have had to be on opioids for the past five years. 8 -- he's one of the lucky ones. i see this day in and day out. people who should have surgery years ago but our government keeps on pushing them those drugs. is there any way you can take care of that? guest: we're working on it. the sec of the v.a. is focused on this as well and i think he's doing a good job of moving in the right direction and finding other ways to manage pain. there's a lot of other ways to

do it other than just a strict prescribing and overprescribing of the open yachts. there is acupuncture, there's mindfulness based techniques helping people deal with chronic pain. so there's a variety of other ways to do it before you jump straight to the opiates. the v.a. is beginning to pursue some of these now and i they it's important they do that. not just in the v.a. but around the country. we did get into this culture over the last 20-plus years of pain management primarily through these prescription drugs. then the prescription drugs have become strong earn stronger, and that's what led to where we're now. host: you mentioned the assessment of the head of the v.a. i wonder if you could give me a sense of the head of your party, your democratic caucus. we talked before about your efforts-e effort to challenge nancy pelosi for leadership of the democratic caucus. do you think she would win

leadership election today? guest: we're not having one until next year. so she is our leader. and we're united in our attempt to win back the house in 2018. tax k donald trump's reform will be a away to people who have done extremely well over the 20, 30 years. those are the things throwing people out of health care. those are the things uniting democrats around the values we have. just to give you one example, over the last 30 years since we had tax reform the last time, 96% of income growth has gone for the top 10%. in 30 years, 96% of income growth went to the wealthiest 10% of the people in the united states. so the republican tax plan is to give that group primarily a tax cut. while people in youngstown and

indiana and these other place vs. had stagnant wage growth for 30 years -- places have had stagnant wage growth for 30 years. that's uniting democrats. i think that's why we believe we have the opportunity to win the house back in 2018. host: were you surprised to hear the vice chair of the democratic caucus, linda sanchez, say, quote, it's time to pass the torch to a new generation of leaders in the democratic caucus? guest: no. i love linda. everybody has their opinion on things. obviously i had an opinion and i did whatdy. and linda has an been and others. host: do you still have that opinion? guest: the groment line is we're not in a position to make any changes. we're locked in with the leadership that we have. i think nancy pelosi espouses and embodies in many ways the values that we're going to be campaigning on here in the next few months. and so we're united. when you look at what the democrats are trying to stand

for, and you look what the republicans are trying to do, it's completely opposite of what president trump campaigned on. he was in ohio talking about expanding health care. gets to washington, d.c., both republican bills, puts 20 million people off health care. he was talking about increasing taxes on the wealthy and cutting taxes for the middle class. gets to washington, d.c. he's cutting tax force the wealthiest people in the country and increasing taxes on the middle class. that's what unites us. i know we want to have this kind of conflict going on within the democrats, but we're united in our attempt to win the house back and take on the republican agenda. host: give you some more calls. jane is in minnesota. line for independents. go ahead. caller: hi. i just wondered why they don't try to control the opioids the way they do ephedrine or you go into the drugstore you have to sign for the pills and they control the amount you can get. why can't they use the same system for the openied opioids?

guest: there is a lot of that going on now with recommendations. states have taken the initiative of saying you can only prescribe, some examples, seven days' worth of opiates. limiting the amount that can actually be prescribed. i think that's an important step for us to take. ultimately the problem is, as you have people that are addicted to the pills, and the pills go offline for you personally, say we can't give you any more. then people go to the street drugs. there's someone waiting in the parking lot, maybe they have a bottle of pills to sell you. i have 30 more pills. oh, i'll pay cash. they give them to him. here's my number. call me when you're out. they call him back. don't have the pills but i got this other stuff. and they then sell them hair win or fentanyl or whatever. they start -- that's how it starts. i think one of the things i want to make sure we mention, too,

all these issues are important. i really do believe that if people have opportunity, and they have work, and they have rising wages, and they have secure pension, and they can have a good solid middle class income, that there's -- can you diminish the impact of this stuff. because you have purpose. you have something that you really are trying to achieve and want to live for. it's not a coincidence in a lot of these areas they have been socked economically. a lot of job loss, stagnant wages, all the rest. and the opiate epidemic is a symptom of that. host: is that -- bringing this all together sound like the beginning of the presidential campaign platform? have you considered running for president? guest: you're not holding back this morning. again, very focused on 2018. i think one of the achilles hills for the democrats is we

get so enamored in the presidential races. do i want to say i want to be a major part of redefining the democratic party. getting us focused back on the economy, wages, pensions. these issues that are bread and butter in places where i come from. i'm very interested in being part of that discussion. where that ends up, i'm not sure. i think if we focus on those issues we can win the house back in 2018 and begin to shift it. i think the next party, republican or democrats, that gets their arms around the economic issues, we have been having economic elections for almost 15, 20 years now. i think bush, 2004, 2004 was terrorism. i think 2006, 2008, and 20, 14, 16 were all based on the economy. one party was in. dew point fix it. throw them out. next party. globalization, automation, artificial intelligence, lack of

investment. we have venture capital in which 80% goes to three states -- california, massachusetts, new york. communities left behind. imploding, eroding. and they are disconnected. i think the next political party that gets their arms around fixing that is going to be the party that's going to gotsche for a while. i want to be an asset and an advocate for saying this is what the democrats should be for. host: congressman, we'll leave it there. congressman tim ryan, democrat from ohio. from the akron, youngstown area. appreciate the time. [captions copyright national cable satellite corp. 2017] host: we kell tom republican congressman matt gates, covering the state's pan handle in florida. sits on the house you budget, judiciary committee and armed services committees. glad to have you with us. with the anticipated announcement today, republicans are about to release their tax plan. we have been talking about it for a long time. i know you are headed to a

meeting soon here. you might have to leave us early, what can you tell us about the details of this tax plan? guest: we're excited the republican tax plan will simplify the tax code. it will broaden the base of taxpayers so that we can lower rates for all americans. and really get the economy moving again. one of the things that we'd like to see is moreau bust g.d.p. growth. we think that there's some specific features of this tax plan that could make a substantial contribution to that. first would be bringing back the trillions of dollars in assets that are currently overseas as a consequence of the tax code. seems to disadvantage america to the betterment of other jurisdictions. having one of the highest corporate tax rates in the world. bringing those dollars back will inject immediate vibrance into our economy. we're excited about that. we're also excited about bringing down the corporate tax rate. because we have one of the highest tax rates in the world, too many americans are not able to see that same opportunity for wage growth, for advancement in

their careers. by bringing our tax rate into line with the more competitive tax rates of other countries that are our pearce and competitors, we think we can really get back in the game economically speaking. those are two features. we also suspect that individual tax rates will be lowered. the standard deduction, the people take will be doubled. e'll have a system where not will be able to file their taxes on a postcard. host: this tax plan, are you going to find out about it in the republican conference meeting coming up this morning. we'll all find out -- more about it at 11:15 with this press conference featuring house republican leaders. we're going to be showing it live on c-span3. c-span.org. listen to it on c-span radio app. we wouldn't get to where we're today without that budget process that we went through. we talked a lot about on this program. you were one of 20 republicans who voted against the budget resolution.

with your vote, had it happened that way, we won't be to tax reform now. why did you vote against it? guest: we unquestionably could have gotten to a tax bill by cutting spending as well. it's overwhelm in washington that you can't do two things at the same time. i'm all for tax cuts, but i'm also for spending cuts. as a member of the budget committee, i have seen the way our $20 trillion debt, moving toward a $30 trillion over the next 10 years, is really a wet blanket over the american economy. while we're in the business of cutting taxes, i believed in the house budget which also cut spending by over $200 billion. unfortunately, the united states senate was unwilling to cut even a nickel of spending. that resulted in my no vote on the budget. i would have preferred to work out a deal with the senate where we actually cut spending to ensure that whatever tax plan we developed doesn't balloon the deficit and contribute to rising debts in the future. host: should tax freerm be paid for? would you support a plan that

does add to the deficit? guest: i think in the short term we can add to the deficit if believe there is a long-term economic incentive, a long-term economic growth plan that will allow us to be able to recoup those initial losses with long-term growth. but my preference would have been to do these things at the same time. to get the full value out of tax reform i think we also are going to have to have welfare reform which is the type of spending cut that we advocated for in the house budget committee. host: where are you going to draw the line? what will be too much for you? guest: i think it depends what the projections show for growth. i think that ultimately we can't look at a one or two-year windo. we have to look -- >> we're live now at the ways and means committee room on capitol hill for the republicans' announcement on their tax reform plan. live coverage here on c-span.