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tv   Shepard Smith Reporting  FOX News  April 26, 2017 12:00pm-1:01pm PDT

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coughlan says if he goes low, i go high. look at that picture! you got to love it. thank for joining us for the hour. i'm melissa francis. here's shepard smith. >> news on the west coast, 3:00 here in the city. we're monitoring several fast-breaking stories. at this moment, senators are arriving at a building on the white house campus for a briefing on north korean. this as the north korean dictator flexing his muscles showing off his forces. the pentagon showing off its strength. president trump signing an executive order on education. one aimed at minimizing the federal government's role in teaching america's children. but critics say it could end up hurting some kids. and the trump administration releasing new details about what it calls the biggest tax cut ever. major changes proposed on how
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much we can deduct on our tax bills along with big breaks for companies. how do we pay for all of these cuts? and will the congress ever give the okay? let's get to it. the entire united states senate, all 100 lawmakers inviting to a briefing on north korea. that briefing to happen now at the eisenhower executive office building next door to the white house on the white house campus. it comes as tensions continue to rise and at a rapid pace between the united states and north korea. after the pentagon test fired a powerful missile across the pacific. details on that coming momentarily. you can see the senators boarding buses before making their way to the white house grounds. leading the briefing we're told today, the secretary of state rex tillerson, the defense secretary, james mattis, the intelligence director, dan
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coates and the joint chief of staff chairman general dunford. we expect president trump to be there. the house will get their briefing tomorrow, not at the white house but on capitol hill. we have cameras outside the gathering in case senators decide to speak. first more on the missile test. the united states is air force test firing an intercontinental ballistic missile from vandenberg air force base. it traveled 4,000 miles before splashing down in the pacific ocean. the missile can carry a nuclear missile but this was not armed. we'll show you more in a bit. then our team asked about the timing of this u.s. test. air force officials say they have been planning it for some time. certainly timing is everything. they also said if they had
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cancelled it, that would have been a story, as they put it. the head of today's briefing on north korea, mitch mcconnell told his colleagues that he asked the white house to include the entire senate so that lawmakers could better understand the threat for the dictator kim jong-un. >> the president has made it clear that a north korea with a nuclear missile threatens our vital national security interests. >> marilyn ben cardon seas he doesn't understand the president's game plan for north korea. the senator says the white house has raised the temperature on the korean peninsula with his recent military moves. john roberts is here. there are detractors of this meeting at the white house. lots of the president's critics are suggesting this is nothing more than a show, a side show.
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what do we expect from the briefing, john? >> we don't expect many details, other than what we can glean from the senators. i'm told this is an informational meeting. clearly, shep, you don't bring as many senators as you can down to the white house here and give them a briefing with the top brass from the state department and the military and the intelligence community unless you try to get them on board with what you're doing. the president, as far as we know at this point, is trying to pursue some sort of diplomatic solution to the north korean crisis. you might remember in a press conference a week ago in response to a question i asked him, he said in the recent hours, there were some unusual moves regarding china. we never got any detail on what those moves might be. but i think it's interesting to point out despite the fact that north korea is saying things, the typical bluster of we're going to sink your aircraft carrier if you bring it near the korean peninsula. there hasn't been a missile test
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since the 18th. even though satellite photos seem to indicate that north korea is planning for another nuclear test, there's been nothing on that front. so maybe in terms of this dance that the president is doing with president xi jinping is happening. here's what sean spacer said it was about earlier today. listen in. >> this is a great opportunity for the senators to get briefed as to what the situation is in north korea and the steps this administration is taking to calm that threat. >> we also had a briefing with the white house chief of staff, reince priebus. a number of us chatted with him. that's when he said there was a trump doctrine that is emerging here in terms of national security in which he's drawing lines. they're not ones that he's articulating to what he will and will not tolerate from bad actors from around the world and the caveat that the president does not want to get engaged in a prolonged military action. >> shepard: much more coming in just a moment. but first, president trump
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signing an executive order on education. the goal is to limit the federal government's role in teaching students. the order directs the education secretary betsy devos to identify areas where the government unlawfully overstepped state and local control. the president has promised to shrink the education department and its role in schools. here's a playback from the white house. this is the president on this matter. he wants protection for students when it comes to discrimination. again, this happened moments ago. it's an official taped playback from the white house. let's listen in. >> i want to thank education secretary betsy devos for spear heading our effort to restore state and local control of our schools. thanks very much, betsy. with her help, we're empowering those that know our students best. i'd say by far the best, right, betsy? they're parents and teachers so every child has a chance to succeed. in fact, we're proud to have
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some of those wonderful teachers here with us today. we'd like to welcome all of them to the white house. it's a great honor. i also -- [applause] thank you. thank you very much. i also want to thank members of congress and local leaders for joining us here today including governor ivy of alabama, a new and great governor. fantastic. [applause] i've been hearing about you for years in the most positive ways. i'm not surprised you're governor of alabama. congratulations. tremendous. governor branstad who is soon going to be heading out i suspect. they love him. i will tell you, they really love the soon-to-be ambassador. he also loves china. so a good combination. i'm happy to put it together.
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they're looking forward to seeing you. thank you, governor. governor lepage of maine, governor sandoval and governor meade of wyoming. thank you all and everybody else for being with us. it's an honor to have you in the white house. for too long, the federal government has imposed their will on state and local cation that spends more and achieves far, far, far less. my administration has been working to reverse this federal power grab and give power back to families cities and states and localities. before this administration only one time in our nation's history had a president signed a bill that used the congressional review act to cancel a federal regulation. in less than 100 days, i have
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signed 13 such congressional resolutions to cancel federal regulations and give power back to the people. i'm very honored to have done so. i have also -- [applause] as you said, five have come from your committee. that's right. good job. he's done a good job. i've also signed over a dozen executive actions that reverse federal intrusion and empower local communities. the executive order i'm signing today is another critical step to restoring local control, which is so important. this executive order directs secretary devos to review current federal regulations and ensure that they don't obstruct the ability of state's local
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governments teachers and most importantly parents to make the best decision for their students and in many cases for their children. previous administrations have wrongfully forced states and schools to comply with federal whims and dictate what our kids are taught. we know that local community dos it best and know it best. the time has come to empower parents and teachers to make the decisions that help their students achieve success. that's what this executive order is all about. so important. thomas jefferson put it best when he said, "i believe the states can best govern our home concerns." with this executive order and the many actions that we've taken in less than 100 days, we're providing our states and communities with control over the matters that are most important to them. together we're going to fight to give our children the bright and
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beautiful future they deserve. [applause] i want to thank you all. as you know, i'm heading over to a senate meeting. it's a very important meeting. i'll be leaving now. i just wanted to introduce our really exceptional education secretary. she's caught on, you wouldn't believe it. all the great things i'm hearing about you, betsy. very proud. secretary betsy devos. thank you. [applause]
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>> so it has been all of our experience that those closest to the problem are best equipped to solve it. that means empowering parents, teachers, state and local leaders, not the federal government. time and time again we've seen that one size fits all policies and mandates from washington simply don't work. we can't have a cookie cutter approach to education. each state and each school have different challenges. each individual student has unique needs. our solutions should be as varied as the students we serve. the every student succeeds act was a good step in this direction giving flexibilities to states to best meet their needs. we're going to implement this law as congress intended and not how the previous administration
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dictated it. when we give power back, students benefit. this executive order puts us on that track. i thank the president for signing this executive order and for his commitment to an education policy that puts students first. it's my honor now to introduce the governor of the great state of nevada brian sandoval. [applause] >> shepard: that's the latest from the white house. one of the more interesting things there, do you want to vote this week? john roberts is at the white house. they asked him if he wanted a healthcare vote. from my understanding of the vote in the house, he doesn't really want that. >> i'm hearing that it's very, very unlikely that he will get a vote on healthcare this week. they have language last night. it's possible they could put it through the process and get something friday or saturday. but they have the big negotiation over the continuing resolution and making sure the government doesn't shut down.
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although i did ask healthcare still looking like next week? maybe this week. so they're still holding out some hope they could get one of the president's signature pieces of legislation passed before his 100th day. most people think it's not going to happen until next week. it's not scored by the congressional budget office yet. the president unveils his -- clearly the president wants to move this along, this healthcare bill, because he wants to get tax reform done and he gets a trillion extra dollars if he gets obamacare repealed and replaced. >> shepard: and i want to talk about the tax plan, this is the biggest news of the day. whether this happens or not is another matter. but this is what we've gotten from the white house today. outlining its plan for what they call the largest tax reform in the history of the country. in a news conference that happened a short time ago, steven mnuchin promised tax reform and simplification. he said the goal is to make u.s. businesses the most competitive
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in the world. today he confirmed the proposal would cut the corporate tax rate from 35% to 15%. businesses large and small would see massive cuts from mom and pop stores to real estate empires. the president's plan could be a very tough sell. even to his own members of the party. they have made it crystal clear they will not go for this. especially because it would add trillions of dollars to the deficit over the next decade, this is from the republicans. they believe a $2 trillion debt increase would happen as a report. today the white house was asked if republicans wouldn't go with the plan and if there was concern. >> there's desire from everybody to pass tax reform. we're at a historic moment and republicans and democrats want to create jobs and want to help
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the american people. as i said, the core principles of this, we have agreement on and we will work forward on the details. >> shepard: well, now, the details, 15% is a nonstarter according to republicans. that's not a detail. that is a core principle. republicans say no. some conservatives have said the tax breaks are completely unrealistic, that they go too far. secretary mnuchin says the plan will pay for itself by generating economic growth. republicans say they're wrong. economists on both sides, liberal and conservative, all of them say that they have criticized that claim. 15% a nonstarter. the house speaker paul ryan this morning told reporters that the proposal is "along the same lines" of what the republicans wanted to see. democrats have said they're surprised some republicans would support this at all after slamming the growing national debt under president obama. we'll have more ahead on reaction from the lawmakers.
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back to john roberts. republicans could not be clearer. it's not as if they're doing verbal gymnastics. many of them, leadership have said 15%, the answer is no. >> it's an opening offer as far as i can ascertain, shep. the house leadership said they want 20% on the corporate tax front. the president during the transition said 15. well, maybe 20. i think it's that thing where you ask for the moon and you ask for the stars and settle for the moon when the moon is all you want. so the president will probably go up and settle at 20%. it really is though about getting the corporate tax rate down because the president believes the united states tax rate for corporations is the least competitive anywhere in the world. he's willing to give people like democratic senator debby stabenow from michigan a bone saying not only will we cut the corporate tax rate but for small businesses as well and throw in
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tax cuts for lower and middle americans. they settle on the fax tax brackets of 10, 25 and 35% that we don't know how that will break out in terms of income. they're going to double the standard deduction for individual taxpayers. mean a family -- a married family will have $24,000 in income that they will not get taxed on. he will eliminate the debt tax, want to eliminate the amt, throwing a bone to conservatives. allowing a repatriation of capital overseas. that's a bone to corporations as well. and to try to silence the democrats, he's going to eliminate all personal deductions except for the mortgage interest deduction and charitable deduction. that should stop high income earners from using loop holes. on the surface, shep, it lacks a lot of detail. looks like something that is throwing a bone to conservatives and democrats. gary cohn, the chief economic
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adviser said he's expecting a fight. listen here. >> this isn't going to be easy. doing big things never is. we will be attacked from the left and attacked from the right. one thing is certain, i would never ever bet against this president. he will get this done for the american people. >> again, the 15%, shep, i think the president will move on that. this is just an opening offer. >> shepard: john roberts, thank you. 15% adds $2 trillion to the deficit. something the republicans have railed against for years under the obama administration and the bush administration as well. republicans have gone home and they have campaigned to you and said we will not raise this deficit anymore. it's killing the nation. they've said it for years. they're 100% convinced because the i economists say so that this will kill the deficit. it will go up $2 trillion more dollars. if they budge on it that would be stunning. there's much more on the tax
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plan ahead. reaction from lawmakers. live on capitol hill. gerri willis is here. this is a very big proposal. it does not have very big support. more news on it coming up. this is brooke's yard with ugly bare spots. but scotts ez seed changes everything. our finest grass seed plus quick-start fertilizer and natural super- absorbent mulch grow grass anywhere. guaranteed. this is a scotts yard. when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance.
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>> shepard: more now on the president's tax plan and reaction coming in from congress. peter doocy is on capitol hill. he's on the live line. what are you hearing? >> president trump said he's not worried about republican resistance as he tries to get the tax reform package through. that could be key. the speaker of the house said a few hours ago that said he plans to use a process for passing tax reform that would only require a simple majority in the senate.
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that is something that republicans have if they're all on board. >> we think reconciliation is the preferred process. that's the most logical process to get tax reform through. the chairman is marking it up. we're -- once we mark up a bill, we want it to the floor always quickly as possible. >> the speed the speaker is pledging and is notable because some are blaming the speed of the first obamacare repeal and replace attempt for its ultimate failure. for the democrats, the concern is that rich people will get an outside benefit by the rewritten tax code and their argument is one that tries to hold the president to his word from campaign season. >> he promised tax reform to help middle america. the help the average worker. so far, the only proposals we have seen are proposals to help
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the wealthy in our nation. >> the details of this out line of a new tax code are brand new and very complicated. so we do not have much more reaction to that. again, about half of congress right now, the whole upper chamber is down the street at the white house tending to a different concern, north korea. so we do hope we get more reaction to the tax package and head on back to the hill. >> shepard: thanks, peter. waiting for those senators, 100 of them that are on the white house campus. we expect to hear from some of them. that's our position. should we, we'll take you there immediately. ahead, how much would all of us save under this tax plan? gerri willis is here for the numbers as they affect your lives. plus, tax reform could be facing a very tough fight on capitol hill. as they mentioned, from the left and the right. we'll speak with the white house reporter for the "wall street journal" about what is ahead and the greater impact on the tax
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plan for the greater u.s. economy. we're approaching the bottom of the hour and the top of the news in an incredible news cycle. we'll continue after this.
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a gust of wind blew a hammock off its porch and hit a woman. she was awake when she went to the hospital. the news continues with shep after this. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. discover all the ways we can help at angie's list.
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>> shepard: it's the bottom of the hour. time for the top of the news. reporters asked the white house how tax reform plan would affect an average american family. the president's economic adviser could not yet answer. so we wanted to look at the numbers and get some sense of how all of these cuts would affect all of us. gerri willis has this. >> the biggest tax cuts are for small businesses and corporations, but it will have benefits for regular americans. low and middle income americans will benefit from the deductions on the short form. while the current tax code has
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some seven personal income tax brackets, the trump plan will squeeze that to three. it will repeal the alternative minute tax as well as the death tax. now, according to the treasury secretary, the only safe deductions will be individuals -- for individuals will be the mortgage deduction and charitable contributions. it's unclear what will happen for the state and local income taxes. very important for people in the northeast. small business operators will see their taxes lowered to 15%. that's the same level as corporations. the majority of small business operators pay a higher rate. the top individual income tax rate will drop from 36% to 35%. as you can see, shep a lot of big changes. you mentioned another one. there's going to be help, a tax
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break for people that have child and dependent care issues. so we'll watch all of this. it's not all played out yet. >> shepard: no, certainly a lot of decisions. but the plan is an interesting one and worth looking over. you and your colleagues at fox business are doing that for people throughout the day. good to see you, gerri. >> thank you. >> shepard: and i want to turn to eli stokel with the wall street journal. an average middle class family. you live in a house a dog a couple kids and a car or two. making middle class wages. what does this do? >> your average tax player -- hey couldn't answer that question. they were asked that at the white house. they said we don't know yet, this is just the starting offer from the administration as far as what they would like to do. so i don't know if these numbers will stay where they are. obviously when you change the tax code and cut taxes across
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the board, the people that pay the most taxes, the wealthy, are likely to benefit the most. so for average families, it's unclear what that relief might look like. could be something that the average family would appreciate. remain to be seen yet. >> shepard: as the plan goes -- all we have is the plan. we can talk about what the plan does. if you're making -- let's just say you make $10 million a year. you're tax cut is very substantial. >> huge. one of the things they want to do here is repeal the estate tax. you have mnuchin sitting there saying, this is not a give-away for the wealthy. this will help all americans. the estate tax only affects people that die and have large
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inheritances. >> shepard: you have options. you can leave your money to charities, leave to colleges, cancer research, leave it to whatever you want and that doesn't count. but if you want to pass it down within your family to members of your family only without taxes -- the idea behind taxing it has been in the united states, we don't have dynasty families. that has to be taxed again. that idea will now be thrown out the door. conservatives have called it a death tax. >> right. the deductions that they want to keep, the mortgage deductions, you to be wealthy enough to own a home to have that. the child care tax credit, something that they put in there, the president's daughter has pushed for that. you look at that. that is something that you can deduct if you have enough money to pay for a nanny. people that can't afford child
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care -- >> shepard: sounds like the vast majority benefits the rich. >> this is a president that ran on a populous -- >> shepard: the truth is this benefits the rich. >> that's a fair take. the administration is taking a different role as opposed to the healthcare, obamacare repeal that stay started with. they let paul ryan take the lead on that. you can see the white house taking the lead and establishing their principles. it's very spread. not a lot of specificity. they're saying this is what we want. we'll see if congress goes with it though. the first 100 days, the president has learned that they're a co-equal branch of government and there's a lot of opinions on it. >> shepard: your newspapers that reported that this would add $2 trillion to the debt. the conservatives -- the freedom caucus people have said we're
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not going to run up the debt. they've been preaching it for years. now they have an opportunity and your paper reports $2 trillion. >> that's from dropping the corporate tax rate. that $2 trillion is over ten years. so this is a problem for a party that has always worried about deficits at least with the democratic president in the white house. we'll see if they hold to that -- >> shepard: they didn't under bush. they said deficits don't matter until obama came along. but they matter to constituents. they made it clear. >> and economic growth. we're going to grow at 4%. so it would be filled in. that's a pretty ambitious number. i have not heard of too many economists saying out there that that is really something that is likely at this point because the entire global economy at this point, we're in this slow growth cycle where it just -- most folks see 4% growth as being unlikely.
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i remember in the campaign, that would be great but unlikely. >> shepard: if you grow too fast, that's when things collapse. we know that from history. >> this is the starting point. they said first by august. now they're learning on the fly. they understand these things are harder to do than the president conveyed to the american public during the campaign. we'll see how this goes. >> shepard: he said as much. that came from him. great to talk to you. thank you. >> thanks for having me in. >> shepard: ahead more on the tensions with north korea as the united states test as ballistic missile and the north koreans test the word's patience. we'll speak live with a former intelligence office to said don't expect kim jong-un to give up his nukes. that's next. y pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph.
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>> shepard: continuing coverage now. rising tensions with north korea. the u.s. military officials say they test-fired an inter continental ballistic missile from california to the north pacific. sort of an example of how the two sides are going at it simultaneously, this is from yesterday near the border with north korea. this is from south korea. you can see south korean missile launch system firing rockets. don't mind the red flags. it's a drill. they're taking shots. the drills have been going on since last month. yesterday north korea marked the anniversary of its army with live fire drills. the government released them. kim jong-un had to check it out himself. here he is with the high-ranking
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military officers. these pictures out of north korea. they're state pictures. look at their faces. look at this guy. did kim jong-un say something stalked with hilarity? he suggested we're on the brink of nuclear war and he can take out one of our aircraft carriers with one strike and he can do that. they seem to be having a grant time. this is an explosion near the sea of japan. up on capitol hill, the senators -- no, at the white house. on white house property they're having this big meeting. we're waiting. a missile defense system in south korea is set to go online in a couple days. admiral harry harris spoke about the alliance between the united states and south korea and the
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decision to deploy this anti-missile system. >> this system will be operational in the coming days and able to better defend south korea against the growing north korea threat. >> shepard: it's a t.h.a.d. system. it can shoot down ballistic missile. this video shows it arriving in south korea last month. coming up here, an image of the system in action during a test. this was from a few years ago. the most recent thing we have. officials in china and russia and obviously north korea have said that they view this system as a threat because of its powerful radar. sumi terry is here. she served under george bush and president bush from the cia. what is your take on this action that both sides are take something. >> a lot of saber rattling
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coming up from washington and pyongya pyongyang. from the united states, we're trying to put maximum pressure. we're convening this meeting at the white house. the venue is definitely unusual. i don't think that that changes his calculus to do more. >> shepard: do we know enough about kim jong-un to affect him? i'm lead to believe this is a person that we believe is unstable. is that accurate? >> i'm not sure if he's unstable or as crazy as everybody makes him out to be. he's very shrewd. i'm concerned that with all of this back and forth, there could be a miscalculation. i'm concerned about that. that could lead to unintended escalation back and forth. >> the fact that there's 25
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million within a one-minute strike distance, not just nukes but ballistic capabilities is -- gives you a lot of pause. gives him a lot of leverage. >> absolutely. over 10,000 artillery pieces 60 seconds away with 20 million people. even americans, we have ex-pats in seoul. yes, ground forces are within 60 miles of the dmz. 75% of the air and naval forces. they don't have to resort to nuclear weapons. they have conventional artillery that can destroy seoul. >> shepard: we had a policy that was basically called strategic patience. you can make your own assessment of how well it worked. is this radical a change in your estimation what was necessary, what is fit and proper or this is an attempt to go in a different direction?
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>> i'm not sure it's a radical change. i know it looks that way. >> shepard: rhetorically at least. >> yes. but it's more dramatic in appearance. i'm not sure a military option is really on the table because of the risk we talked about. >> shepard: a test of a nuclear weapon as he's getting an icbm -- >> and that's the critical threshold. when north korea tests an intercontinental ballistic missile that can reach new york or washington, that's a critical time. trump would be under enormous pressure to take it down. >> shepard: the idea is to take away with china's help fuel and food. they need outsiders to get all of that. that would cause the people to rise up against the leadership
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and then a transition would be possible but you wonder in that period, which is what we're hoping for, what happens to all of these weapons? >> you're right. i'm not sure if we're looking at the public rising up against the kim jong-un regime. >> shepard: the military. >> the elites doing something about it. >> shepard: in the military. >> yes. if he loses the party, that's it. the top ruling elites. >> shepard: one of the threats that he felt according to everything that i read and about his family, members of his family would succeed him if he got out of line. and the reports are that he's killing his family members. >> that's why he got rid of his uncle, the second most powerful man and he just got rid of his half brother that could legitimately take over. >> su mi terry, precarious, trying times. >> tense times. >> shepard: thank you. what we need to know about the gop healthcare plan.
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how many people would it cover? what about insurance and pre-existing conditions for children and people in their 20s. that's coming up. we asked a group of young people when they thought they should start saving for retirement. then we asked some older people when they actually did start saving. this gap between when we should start saving and when we actually do is one of the reasons why too many of us aren't prepared for retirement. just start as early as you can. it's going to pay off in the future. if we all start saving a little more today, we'll all be better prepared tomorrow. prudential. bring your challenges. whattwo servings of veggies? v8 or a powdered drink? ready, go. ahhhhhhhh! shake! shake! shake! shake! shake! done! you gotta shake it! i shake it! glad i had a v8. the original way to fuel your day.
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>> shepard: healthcare, the conservative house freedom caucus is now backing the republican plan to repeal and replace obamacare after party leaders added an amendment to serve as a compromise. many of those conservatives had said that they plan to vote no on the bill last month. about a dozen people were voting no. they said it was too similar to obamacare. it's still unclear where many moderate republicans stand on this new version. republicans say the head of the house freedom caucus, the tea party-types, mark meadows of north carolina and the co-chairman of the more moderate
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tuesday group, tom mc arthur, that they came up with the changes together. paul ryan called the amendment very constructive. >> we think the mcarthur amendment is a great way to lower premiums, give states more flexibility while protecting people with pre-existing conditions. those are the three things that you want to achieve. >> one of mcarthur's moderate co chairs says he's still not backing the bill. charlie dent of pennsylvania told the washington examiner based on what i've read, it does not change my position. i was a no and i remain a no. he says he's concerned a this bill would cut medicaid and could cause lots of low income people to lose their coverage. josh gershstein is with us from politico. he's right about that, right?
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>> it's unpredictable what the impact would be. you have a situation where the rules would change again and probably in a led of red states, you would see many of the obamacare rules go away. for example, people that have serious health conditions could be charged much, much higher premiums than younger people. you could have 20 times higher premiums. in blue states, that would stick with something closer to the obamacare plan. one of the questions is, is that even a sustainable model. would you have strange things happen with people crossing state lines or other problems with the medicaid subsidies that would cause this to crash down. >> shepard: the specific opposition from the tea party group, we kind of understood that. they have said get the government out of this thing on every level. that's what they have campaigned on and told their constituents. they thought that the other one didn't go far enough. they reached a compromise.
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for the tuesday group, this doesn't answer their concerns at all, does it? >> well, it answers them somewhat. it does allow the blue states that have some kind of democratic control of the state level to retain the requirements of obamacare. so it might satisfy some of those concerns, but there's still a lot of funding issues out there and questions about whether the whole marketplace will remain stable. the biggest question lingering out there is even if this somehow does squeak by in the house, is this good enough for members of the senate where they will have to get at least 50 votes to past it and that could be a tougher road to hoe. >> shepard: they said that before. the last bill was a nonstarter and nobody would go to speak of it. but is part of this at least making sure constituents know
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that they have tried? >> oh, sure. the other part is we're in what the white house is trying to portray what they call a 100-day celebration for trump and a big blemish on his record. if they can get something across the finish line or close to it, one marker on the finish line, they can tout that as an accomplishment. >> shepard: josh gerstein from politico. thanks for coming. >> thanks, shep. >> shepard: have to get to a commercial. but on the dow today, for a long time looked like a high blood pressure ekg. can we show that? it was all in the green all day long. in fact, you barely see a red mark there at the end. the last 20, 30 minutes, it's taken a dive. it's not like it's crashing or anything. but we've lost the gains that we had for the day. neil cavuto will be here. should news break out, we'll break in. breaking news changes everything
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on fox news channel. "your world" with neil cavuto is after the break. ♪
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>> our objective is to make u.s. businesses the most competitive in the world. >> neil: with that, it has begun. a generational shift in taxes, the likes that we have not seen since ronald reagan in 1986. to put you back in that time period, that's when the mets won the world series. that's when "top gun" was tops at the box office. that's when a 19-year-old mike tyson won his first heavyweight title. that is when connell mcshane wasn't even born. he joins us with an update. >> nobody is