be sure to send me your questions or property stories at propertyman@foxnews.com. i'm bob massi. i'll see you next week. [ woman vocalizing ] that's it for us tonight. judge andrew napolitano will be here monday. maria: welcome to week, the program that analyze the week that was and helps position you for the week ahead. i'm maria bartiromo. house chairman kevin brady my special guest. the dow industrials hitting another milestone grabbing its 9th consecutive record close. it did hit a speed bump wednesday amid rising tensions between the united states and north korea.

investors became concerned after an unprecedented exchange of threats been the u.s. and north korea. after news broke tuesday at north korea built a miniaturized nuclear war head, president trump responded. >> north korea must not make any more threats to the united states. they will be met with fire, fury and power the likes of which this world has never seen before. maria: north korea fired back and made the threat to fire four missiles to the u.s. territory of guam. the president fired back and said maybe his statement wasn't strong enough. disney announced it will be pulling his movies from netflix streaming service.

technology giant google found itself mired in controversy after a spot of ware engineer leaked a memo about the company's hiring practices. demore says he's filing a complaint with the national labor relations board. washington, d.c. was unusually quiet this week with congress on recess. but that did not stop the white house from trying find ways to get tax reform. the trump administration has reached out to democrats in homes of getting bipartisan tax reform passed. what do republicans think of this? republicans house ways and means committee chairman kevin brady. thank you for joining us. how do you deal with the fact

you don't have any democrats working together with republicans. now you have been out and about working hard all month. i have been watching you. and i know you are knee deep in tax reform. but you don't have any participation on the left. kevin brady: we have been asking discussions in the house with our centrist democrats. how do we deliver middle class tax cuts and get the economy moving and stop companies from take their jobs, research and manufacturing overseas. these are good, healthy discussion we are having with them. we want them to bring their ideas. we think they can be hugely helpful in this process. i applaud the democrats who have an open mind and bring ideas to the table. maria: democrats like to say the republicans want to cut tax for the rich. don't the highest earners pay most of of the taxes in this

country? like 90%? kevin brady: it's a huge number. the last 8 years inequality and wages grew because we didn't have a tax code. the regulations were powrndle on people. so i think the best way that we can create more income equality in america is to simplify the code, get this economy moving and give people the chance to move up that ladder. maria: let's talk about what you would like to see happen. you have got this post card, simple fair:post card tax filing. you think they will be able to do their taxes on a postcard even though it's 70,000 pages? >> we look at this better than 9 out of 10 people will be able to use a postcard style system to file their taxes.

we flatten out the brackets from 7 to 3. we lower the rates at every level. it's important we keep more of what we earn. we double the standard deduction. if you are a young person starting out and a middle class family pinching every penny, that really matters. then we go deeper to help people save. and we keep on the post card the items most families rely on, the home mortgage deduction. charitable deductions, we want more charitable giving to your church. we keep the child tax credit it's expensive to raise kids. and we keep the college tax credit. but we are tweaking it to make sure students going into technical skills like welding and plumbing and air-conditioning, these are important skills, but that's expensive, too.

we want family to the get help doing it. on the post card we keep the items families count on. bar rrp we have a corporate tax rate of 35%. you would like to see that in the 20s? kevin brady: that's what we have to do to keep us competitive. we are still the highest rate among our competitors. and they are still lowering their rates. we were 31st out of 35 nearest competitors. our goal is to leap frog america into the top three. we want to be the best places on the planet for the next job and research facility and manufacturing. maria: companies are moving to

ireland with a 13% tax rate. large companies aren't paying up to 35%. do you have to trip out the deductions for them to see the fair effective rates they are going to pay. kevin brady: you do. we america, we tax you in effect abroad. so we punish you. when you compete and win as a company around the world. we punish you to bring your earnings back to be reinvested in america. that makes no sense. we are proposing a zero tack rate to bring your dollars back to our communities here in america. it will make them competitive worldwide. maria: you are talking apple with $250 billion overseas. if they want to take that money overseas, they won't pay a tax. >> take apple and make that 10

times bigger. it's a huge amount, and growing geometrically. we thinking about able to deploy your capital where it can most of make you successful usually in the united states is incredibly good for middle class jobs. maria: we are talking about a 22% tax on corporations. >> we proposed sort of a dual rate for the $2.5 trillion stranded overseas today. a low rate on hard assets. you built over there, you bought a company. but 8-10% in that range for the cash equivalents to bring that back over time. we recognize there is a difference in the stranded earnings overseas but we want those coming back to the united states.

maria: we'll take a short break. i want to get into individual rates. how much will our viewers see their taxes s s s s potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now. (laughing)

casper's truly changed our lives. ♪ a mattress of unparalleled value. love at first night. ♪ (grunts) i'm a softer, happier, friendlier version of myself. (surps drink) perfect sleep changes people. (kisses baby) transform your life at casper.com try their mattress for 100 nights with free shipping and returns. casper. itwhat's possible.nk rethink the experience. rethink your allergy pills. flonase sensimist allergy relief uses unique mistpro technology and helps block 6 key inflammatory substances with a gentle mist. most allergy pills only block one. and 6 is greater than one.

rethink your allergy relief. flonase sensimist. ♪ maria: welcome back. we are here with house ways and means chairman congressman kevin brady. you said you want to collapse the number of brackets to three so people can do their tax on a postcard. how much could tax go down for your viewers. what do you envision? kevin brady: president trump's initial campaign tax plan and the house plan, all in that same range, in effect eliminating the 10% bracket and taking that to zero, really important for modest earners. the 25-50 range is where the

discussions are. we want to make sure we deliver middle class tax relief. we are going for growth of paychecks and jobs as well. so all the rates are designed to grow salaries and grow jobs. the estimate on the initial blueprint, for a family of four it increases by $5,000. it's a huge deal because the pay checks have been flat for way too long. maria: you are talking about zee no for the modest -- you are talk about zero for the modest earnings. let me ask you about the timeline. you have got a lot on the agenda to get there. you have got debt ceiling to raise the end of september, you have got the budget. is it doable in the short amount of time you have?

>> it is doable. we are on that timetable to deliver this year. some people talk september, october, thanksgiving. after 31 years, getting this done in the first year would be a huge achievement. critical to that is the budget. diane black did an amazing job of bringing out from her committee unanimously. but in that budget is the green light that allows us to get tax reform to the president without obstructionism in the senate. this is the most of important budget i ever voted on. and i helped newt gingrich with the balanced budget. this is the most of important because this is a green light for tax reform. maria: next week you are going to the reagan ranch for the big events. why did you choose wednesday.

kevin brady: we picked an historic location, reagan's ranch. the house and senate came together on agreement to deliver the president a bold tax pro growth code. i think president reagan wouldn't recognize today's tax code compared to what he did. this our moment in history for not washington to grab this challenge, for the american people to grab this challenge. that's what this speech is all about. you can visit our website, the ways and means committee, and we have a lot of national press coming. it's the right moment on a significant day with an important issue for america. maria: mark meadows spelled out what he thinks is the most of important timeline to get things done. >> if we do not have a bill that

we are actually debating in september who hopefully gets a vote by october, it will not get to the president's desk by thanksgiving. if it doesn't get there by thanksgiving, it isn't going to happen. kevin brady: generally this fall is important. in the ways and means committee we intend to bring out the bill to begin that tax reform process in that timetable. while wee may not be in washington right now, the white house, including the president himself, and the senate and house tax writers are continuing to work together on this unified approach. wee continue on a timetable to deliver it this year. maria: is it true the freedom caucus is saying just give us tax cuts and not all this reform? kevin brady: they want the greatest growth for the great jettest years.

to do that we have to create permanence. when our businesses make long-term decisions they can count on a tax code that rewards that relocation back to the united states. we are frankly all on the same page for go bold, go permanent, but get it done this year. >> you put out this white paper talking about principles. you and paul ryan and the president came together to put out your principles. you decided to ends discussion of the border adjustment tax. kevin brady: it is. i think that plays a key role or could have played a key role in stopping u.s. come any from leaving. but at the end of the day it had too many unthose so it's time to set it aside so we can work together. i think many people miss the purpose of that joint statement.

it's very unusual and very encouraging. the white house, the house and that tax writers are all on the same page saying the urgency is now and the president is behind this approach. it was lost in the hubbub but really critical. maria: when we come back i want to ask what is going to offset it. if you are going to do away from with the bored adjustment tax, do you need another tax? "wall street week" comes right "wall street week" comes right back.

today, we're out here "wall street week" comes right back. with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing.

ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters. the dinosaurs' extinction... got you outnumbered. don't listen to them. not appropriate. now i'm mashing these potatoes with my stick of butter...

why don't you sit over here. find your awesome with the xfinity stream app. included with xfinity tv. more to stream to every screen. maria: welcome back to "wall street week."

i'm joined by house ways and means chairman, kevin brady. i asked you about the bored adjustment tax no longer being considered. are you look for another tax to insert in its place? kevin brady: the answer is no. the tax code has become littered with special exemptions, exclusions and loopholes, all of which raised tax rates. so with the white house and senate we are scrub those provisions with the goal, do you have a special provision for some or do we lower the rates for every business and american including that mom and pop. it's not easy work it's hard work. but we are committed to lowering that rate and usual leashing that business investment that we need to get the economy moving. maria: is that where the debate will be? if you look at congress pleng,

foirn stance, peter king from new york. my constituents will never go for the elimination of the mortgage deduction. but the point is you have got lots of competing interests. so how do you decide what deductions go? >> you take it on the family side then quadruple it on the business side. lower we take these rates, the more we reward business investment it changes the game. when the tax rates are the highest in the world like they are, every business is look for the special provision. when the rates are low and they can build that new plant and computers, those provisions don't have the power they did before. or the importance they had before.

so this ties together. those provisions and the importance of it lessens dramatically. maria: do you think you will have the common grounds on tax reform? you have to worry about the republicans as well as the democrats. within your own chamber you have a lot of disagreement of. if you lose one vote, does everything collapse? >> i have never seen this much commitment among house republicans on any issue ever. this is why we came to congress to fix this broken tax code. we know we have to get it done. back home, family, and local businesses are starved and counting on us to get this done. i'm count on delivering it to the president's decks this year. maria: you are also looking at the irs. you want to make it more

transparent and red tape. people want to see the head of the irs gone, he targeted conservatives. keconservatives. kevin brady: it's long past time for john koskinen to go. we design the tax code on taxpayer service. what we envision, a business unit, tax experts to answer business questions. and in effect a small claims court to help resolve minor disputes. we think you can do better in that agency and that bill won't go with the tax form area but i think it's critical. maria: chairman brady, we know you have a lot on your agenda and we appreciate you taking the time to walk us through it.

more "wall street week" right after this. restlessness... extreme anxiety... pacing... a constant urge to move. if someone you know is suffering from schizophrenia they may also be struggling with akathisia: a common side effect of some schizophrenia medications. learn more at myakathisia.com.

poallergies?reather. stuffy nose? can't sleep? take that. a breathe right nasal strip instantly opens your nose

up to 38% more than allergy medicine alone. shut your mouth and say goodnight, mouthbreathers. breathe right. maria: welcome back. we'll look at some of the big market events coming up in the week ahead that could impact your money. we have the federal reserve minutes from the last fed meeting. speak of consumers next week's earnings are packed with big-name retailers. cisco is another market mover. coming up next week on "wall street week." i'll see you sunday morning on the fox news channel.

that will be it for "wall street week." thanks for being with me. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back, and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe. at the end of the show,