grover norquist, for americans for tax reform will weigh in as well. david: new details surfacing from a report claiming that the obama administration was warned years ago about russia's attempt to disrupt elections and they did nothing about it. we'll be speaking with former cia officer mike baker and attorney general jeff sessions. melissa: just wrapping up, a speech in miami, slamming sanctuary cities. the head of american center for law and justice, and president trump's attorney, jay sekulow, is next. >> we can not continue giving taxpayer money to cities that actively undermine the safety and efficacy of federal law enforcement, and actively frustrate efforts to reduce crime in their own cities. ♪ my a1c wasn't were it needed to be. so i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating what's within me with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's suppose to do, release its own insulin. i take it once a week, and it works 24/7. it comes in an easy-to-use pen

want to turn to tax activist and founder and president of tax reform, grover norquist. s asking his sense about the timetable of this happening. optimistic youw are that you will see tax reform on that timetable. what is your sense of one things will happen? grover: i think you're looking at a bill written and presented to the and i can people in september -- the american people in september. in a month or so, you have that pass the house and senate and get signed. the reason that this is easier to get done is that there is not as many moving parts. you can think the democrats are setting the conditions under which they agreed to talk to people, but they have written themselves out of this conversation. we will not be wasting any time talking to democrats about why we should raise tech it's because republicans are committed to cutting taxes. you see agreement between the house, the senate, and the white house on somewhere between 50%-20% business tax rate both for corporations and passwords of subchapter s corporations, partnerships, and so on. there will be a debate on

coming up on radio, a conversation with grover norquist. a.m. wall 8:30 street time.♪ ♪ this is "bloomberg surveillance." i am francine lacqua in london. david gura in new york. germany handed out a big blow to the car industry and an online interview. this is a live interview where they were taking questions in germany. merkel's main opponent takes to the campaign trail today to try to close a gap in the polls. ond and james bevan with us. let's look at what the chancellor can do. it seems like it is a done deal that she is chancellor. she is so popular. you don't really know what kind of focus there will be. >> if you look at both germany and austria, they have all had the same policies regardless of coalitions or not. in the german-speaking world, they benefit enormously from the current status quote. merkel has defended adroitly the current status quo as well as letting in a million refugees which testifies to her potency and centrality. the interesting thing is that the german election probably won't deliver any surprise. we should always caveat that in these tim

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grover norquist will be on as we hear that maybe some of the planets are aligning in terms of mnuchinnd gary cohn and the president and congress that is always interesting to hear what's happening there. i understand a contrite president trump addressed a crowd in -- no, i heard -- he was full on president trump. we'll talk about that. the markets, once again, yesterday one of the best days we've had in the year. so the demise of the latest poll greatly exaggerated once again i think futures are weak this morning. we've got lows, we have holman jenkins, one of my favorites i take notes when holman is here andrew will not like this discussion today it's good. it helps all of us understand both sides of a lot of these issues >> it's a good column this morning. look forward to that and much more coming up in ten minutes time on "squawk box. >> "squawk box." >> see you then, joe >>> coming up, making big bets abroad why one market pro says internatnal oc aiostksre the place to be. he explains when "worldwide exchange" returns. one laugh, and hello sensitive bladder. ring a bell? then you

melissa: talking about that earlier on the show, grover norquist said he had spoken to house speaker ryan said they were about 80% on board when they had the ridiculous border adjustment tax, now looking at a straight bill, i think that was a conin the first place to throw people off in the senate what was going on, they feel they have 97% was his number, of republicans on board. do i dare get my hopes up that they're actually going to do this because it's so necessary? >> i think the political season over the last year and a half can't predict anything because everything has been just so out of the ordinary. however, this is something that i think everyone can unite around, they need tax reform, individuals need tax reform, and republicans know going back into the districts as they're right now. mitch mcconnell in kentucky in his hometown state, they need to go back with major wins, tax reform hits people in the wallets, they feel it immediately. this is something they want to go back to the districts with. melissa: when something like this happens, the president's enemies say look,

look, grover norquist said, all we need is a hand to sign the thing. it turns out wrong.u also need some ideas and something for them to sign. >> just to button up this idea, there's also something about it. i increasingly think the president is most comfortable as a commentator on his own presidency. he actually -- the thing that he likes the most is saying stuff and watching the coverage, sitting there watching cable news tweeting about it, as opposed to presidenting. >> and then talking about himself in third person. >> when he talks about mcconnell, he is just -- the role he likes best is playing the role of essentially a cable news pundit as opposed to the guy who is actually doing it. >> i also think, like, when it comes to punditry, there's an element of that that is kind of like sport too. you know, like, he watches -- he talks about it like an espn commentator talks about it. >> with no stakes. >> it's not even punditry. he doesn't even understand the issues. this is the most superficial -- >> i have seen some pundits. >> okay. >> obviously. obviously. seriously.

grover norquist thinks we'll get successful on tax cuts, not whole tax reform, chewing at a bit for thete tax rates. maybe simplification, what do you think? >> yeah i think we get a corporate tax rate, to be honest with you. that is where we get pump of adrenaline into the heart of the economy. that will send the economy soaring. that will make us competitive with the rest of the world. all businesses moving into the u.s. it will be nirvana! just joking. it will be very good, david. and that is the one that really we need now. david: what about smaller companies, art? what about the non-incorporated companies. subchap are ss, et cetera, will their rate be lowered? if it is big corporations get the break and little guys don't, that doesn't seem fair. >> chapter s companies don't pay corporate taxes as it is. what do you want? they pay personal income tax. they are pass of this through corpses. how can you cut a tax already zero? david: if we have the corporate tax cut down to 15%, shouldn't we guarranty smaller businesses also get that cut? >> yeah. well they should before they get it t

but here's what grover norquist, who i think prior to steve bannon was the most powerful unelected mann washington. here's what he said in 2011 about what republicans need. listen. >> the leadership now for the modern conservative movement for the next 20 years will be coming out of the house and the senate. so focus on electing the most conservative republican who can win, and then pick a republican with enough working digits to handle a pen to become president of the united states. >> peter, i mean that was an interesting theory, right? get conservatives, fiscal conservatives, that is, elected to the house and the senate, and get a president who will sign the bill. that isn't even what republicans have at the moment because they don't have the moral leadership. they don't have the thing that you count on the white house for typically when you're trying to get tough bills through and tax bills are tough bills. >> yeah, you're exactly right. grover's theory was interesting. it was also wrong. this is exactly what the republican leadership, paul ryan and mitch mcconnell thought could ha

but here's what grover norquist, who i think prior to steve bannon was the most powerful unelected man in washington. here's what he said in 2011 about what republicans need. listen. >> the leadership now for the modern conservative movement for the next 20 years will be coming out of the house and the senate. so focus on electing the most conservative republican who can win, and then pick a republican with enough working digits to handle a pen to become president of the united states. >> peter, i mean that was an interesting theory, right? get conservatives, fiscal conservatives, that is, elected to the house and the senate, and get a president who will sign the bill. that isn't even what republicans have at the moment because they don't have the moral leadership. they don't have the thing that you count on the white house for typically when you're trying to get tough bills through and tax bills are tough bills. >> yeah, you're exactly right. grover's theory was interesting. it was also wrong. this is exactly what the republican leadership, paul ryan and mitch mcconnell thought could

in a moment we will bring in grover norquist, one of the most ardent tax cutters in america. a tax-cut this year slim to none. the third hour of "varney and company" about to begin. >> more beetles, how appropriate. not bad at all. or taxman. look at this. we have come back a little bit, we were down 130, now we are down 94 but i see a lot of red on the left-hand side of the screen, grover norquist with us as promised. welcome to the show. you heard me say i don't think there's much chance, the chances of getting a tax cut, not tax reform come a tax-cut this year are slim and none and you say what? >> cheer up, this is going to happen. the president has been distracted, allowed himself to be distracted and has distracted others from the work they need to do but the house and senate are focused. the ones who need to be, on getting a tax bill written and that will go before the house ways and means committee and the senate finance committee. it will be done before thanksgiving and the president will have the time and energy to sign it. it would be helpful if he would focus on p

to remind people is because of this president the deregulation looking forward to tax reform, grover norquistn the fall, once we get past the debt ceiling in the budget there is going to be tax relief coming on the corporate side and the individual side but i would remind the white house there is much more to the economy than the stock market. the president has a lot to crow about, unemployment, the home mortgage interest, so i would say remind us how good the economy is across the board and not just how well the stock market is doing. neil: there is a flip side to constantly mentioning the markets, markets can turn on you. they turned on ronald reagan with the 87 crash, and cut both ways, be careful what you wish for. >> we are seeing a reduction in unemployment rate, 4.4%, bouncing around a little bit, but still a remarkably low unemployment rate compared to what we saw eight or nine years ago. a lot of that was done through president obama's tenure. that is a better outlook for the president to be talking about the unemployment rate and other indicators in the economy, the market could tur

grover norquist is with me now. good morning to you. this is like christmas morning for you, right? the chance to talk about this. >> it is. it will be a good tax bill. >> bill: will it be a reality? >> yes. the reason is a couple of things. one, it's easier to get 50 plus republicans in the senate to agree to a tax cut bill than it is all the moving parts in healthcare. it affects all 50 states in a beneficial way. you don't have states trying to game the system to some advantage. the other part of this the entire business community is united because trump is doing something that's tremendously pro growth. it takes the corporate rate and the individual business -- small business rates both down to 15% which would be tremendous economic growth. so all the fortune 500 companies really want it. the hi-tech companies need it desperately. but also the smaller companies in america have been taxed at higher rates than regular corporations, sub chapter s have been taxed at 40 and 44% compared to 35 at the corporate rate. the european average is about 22%. we're 35 to 44. >> bill: as you ar

david: joining us now is grover norquist. great to have you here. care about this deeply.lly get done this calendar year or in 2018? a couple of things did you will see significant rate reduction on the corporate side the goal of the white house is 15%. i think you're looking at something between 15% and 20%. anyone would go to 50% if you could make it fit. what you're looking at dramatic rate reduction on the corporate to talk about higher numbers. that is what obama was willing to do. this will go further than that. aptern the sub-ch partnership side, that will go from 4%, depending on how you are structured, down to 15% to 20%. the question is what else fits in the box? what you need is it needs to be 11 tot neutral in years 50. not the first 10 years. yearu raise a dollar in one or year nine, it does nothing to make the tax cuts fit somewhere. it is all about the future. what will happen, to make it to cbo, jointg tax, everyone who makes predictions, and push them for a more dramatic expectation of what revenues you get from a dynamic score. that will get the box bigge

americans for tax reform president grover norquist remains optimistic however, and here's why. to be 80% agreement, when the house was pushing for border adjustability of the corporate income tax. now that the house has put that aside, and we're not going to do the bat, he says now we're at 97% accord. i think that is a fair characterization. we'll have to make some things permanent, some things not permanent in order to fit inside of the box the present rules require but there is agreement what goes in the box. i think if you make some things temporary, like alternative minimum tax they will never go away anyway. ♪ stuart: seeing something what is called a flight to safety, safe haven investing. gold is one of those safe may have vans, up 1%. 14 bucks higher. 1277. >>> attorney general jeff sessions slamming chicago, this after that city sued the administration over the threat to cut off grants to sanctuary cities. joining us, ken paxton the attorney general of great state of texas. rahm emanuel claims if you cut off grants, it hurts taxpayers over all. what do you say? >> the

grover norquist, thanks for joining us. we appreciate it, sir. >> thank you. stuart: yes, sir.inority leader schumer and the democrats are blocking president trump's nominees for top jobs. he's got a point. 56 of president trump's nominees have been confirmed by the senate so far. at this point in president obama's first term, 238 had been con firmed. what a difference. joining us now, senator john kennedy, republican from louisiana. what are your options, senator, to speed this up? what can you do? >> there's not much we can do. i will just respectfully ask senator schumer to stop jerking everybody around, go ahead, he knows that these people are going to be confirmed. stop anytime picking -- nitpicking the rules, let us go ahead and get the president's people confirmed. at the rate we're going now, we'll have everybody confirmed -- i think it'll take about 11 years, is what our analysis shows. stuart: would it make any difference if you were to drop the filibuster rule? i think that's called going nuclear. >> well, it would make a difference, but that's not going to happen, s