liz: 20 seconds, i just had a fight with charlie gasparino. [laughter] >> i heard.i don't think he loses his base by giving in on daca but also giving a tax cut, is that not a trade-off the base would like in. >> i think that the tax cut has to happen in terms of that's what he ran on. he ran on tax reform, he ran on the wall, he ran on obamacare, and that's what his base wants to see. the markets need tax reform to happen. liz: well, the markets have gotten some excitement once again, the 55th record close for the dow jones industrials since election day. oracle earnings up next. let me get it right over to melissa and david for "after the bell." melissa: make it three in a row, the dow at another brand new record high, ending up 53 points, it looks like at this moment, now 22,200 while the s&p and nasdaq are settling in the red. i'm melissa francis. david: and i'm david asman, this is "after the bell." a busy day, another busy day, and a very busy hour for you right here. president trump arriving back at the white house after spending the day in florida touring ar

fox business senior correspondent charlie gasparino is here with this. about him as likely contender for the job. do you think he gets it? >> he is in lead position for a long time we. we should point out gary cohn is part of a selection committee for fed governors. he had inside track initially. he is head of the nec. he has the president's ear. he had the inside track. he also came out essentially criticized president's remarks over charlottesville protest, which, trump let it be known to everybody he was seething mad about that. donald trump doesn't forget those things. kevin warsh i will say this, if you lose gary cohn you will gain a kevin warsh. a little bit about kevin warsh. has real world experience as investment banker. was in the bush administration for economic policy went to the fed, part of the bank bailouts in 2008. very, this is the interesting thing, when ben bernanke was fed chairman during the obama years, printing all that money, he was an opponent of that. trish: he is a hawk? >> he was saying listen, you know, at some point we have

fox business' connell mcshane is right there where the president is about to speak and charlie gasparinon the newsroom whether the highest rate at the wealthiest are getting a tax cut or tax hike. connell, what's the atmosphere? what's the sentiment on the ground? reporter: well, certainly a level of anticipation building, liz, over the last few minutes as we get closer to the president's appearance, before any big presidential appearance. what's a little different about this, this is not one of the political rallies we're accustomed to with the president. instead it's a small intimate building on the indiana state fairgrounds where an invite only audience made its way here, you have local politicians, small business owners, supportive of the president and anticipating what he will say, hopefully in their minds cutting their taxes, not the raucous crowd you get at a political rally. a lot of people asking why indiana? why did he pick this venue and state in there are a couple of reasons we've been pointing to you. when you see the president come on stage in a few minutes goes to who is w

charlie gasparino. take a look at markets, holding steady. we're the dow up, 41 points. 2/3. nasdaq up six. we'll be right back. don't go away. : you've thought about it, dreamt about it, maybe you should just go ahead and do it. we're legalzoom, and we've helped over a million people just like you start their own businesses. legalzoom. legal help is here. . >> three minutes to the closing bell rings. look at the nasdaq, 6458. we are just two points below an all-time record but the s&p and the dow are at all-time records once again. we've seen stocks defy all odds and hit record after record, so if you're looking for a secret road map how to navigate the market, what types of hidden signs you should be looking for that will tell where you stocks might go next? up or down. here to lift the veil of secrecy is kevin carran, walk us through the hidden signs that you see and what they indicate now is. >> this is a taste of what we look at, at washington crossing. the three we should be focused on would be number one, what i would call a greed and fear index. so in the greed a

charlie gasparino with exclusive details on what's next for these two former trump aids who didn't reallyeach other before. charlie breaks it next on countn so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. . liz: remember that battle between reince priebus and anthony scaramucci when they were both part of the trump administration? former chief of staff without a job outspoken communications director also without a job, the tables have turned, though, as scaramucci tries to make a dent as a tmz contributor and priebus, well, he may have the last laugh after all. charlie gasparino, you have exclusive detail. >> do you remember played scaramucci north dakota comedy central? . liz: yeah. >> reince, i'm going to stop the leakage. did you hear that, reince? i'm stopping the leakage. look

but charlie gasparino has the inside details on why one single name in the market could be spelling doomcy push. charlie breaking it next on "countdown." ♪ ♪ learance event, you can do endless online research. or, you can take advantage of our best offer ever on an xt5. don't wait. our 2017 models will be moving fast. you can drive a car... or you can drive a cadillac. come in now before the end of our made to move 2017 clearance event and leave with the perfect cadillac xt5 for your next adventure. choose a low mileage lease on this xt5 for around $339 per month. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. ♪ ♪ liz: the minute the bell rang the market nose dived, okay? >> whoa, whoa -- no, no. liz: no?

charlie gasparino, political capital reporter rachel bade and economist dan mitchell. rachel, let me begin with you. your thought the people you talk to for the timetable for all of this. assuming they can iron out differences with idea of a fourth possible rate but what are you hearing? >> there is wide june dilllation right now. i have republican sources at gop retreat where paul ryan and mike pence will try to rally usually divided house republican conference around the bill. folks say they like what they're seeing, hopefully they get it done by the end of the year. reality in the senate, including number one tax writer, they don't think they can get a gop tax bill through the senate with 51 votes. they are talking about to reach out to democrats. the president made it clear that he wants to work out with democrats. that is the fourth income bracket might come in. the president will tell the dems, i will not reduce taxes on the wealthy. if he will say that, they will need that 39.6% to stay there, not decrease to 35. neil: or even 37 38, some other figures. three de

charlie gasparino, love, love him.ow there is going to be, really all said and done, i suspect hundreds of billions of dollars of hurricane aid going out to texas, to florida. because remember we have jose up the gulf almost exact same area harvey was n we have another one behind that, katia. it is a busy hurricane season. how did you dispurse the aid when it comes? the guy who is the master at it is next. ♪ ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference

charlie gasparino, perhaps there's a lesson in that for all of us. >> the american people are resilientlived through 9/11 in new york city i saw it firsthand. we saw what happened during sandy. for all of the crazy marchs of neo-nazis and all these other people, most american people are good, strong resilient and that's what makes this country great. there's really nothing else you could say. >> neil: it's just amazing to see again and again, people take it upon themselves to do stuff that we normally see the government doing or expected times. >> well they're neighbors. it really brings tears to your eyes. a good friend of mine is a priest in houston and his family had to get out of their house. they have a newborn baby and four young kids had to get out on a kayak and the priest went back-- >> neil: a priest and new young baby? >> greek orthodox, but he said he had the most beautiful quote i've heard. he said in this storm, you'll see the face of god, not in the rain but in the neighbors, helping each other and going out of their way to make sure everyone they know is taken care of. i

all right charlie gasparino, the fact of the matter is it does reveal it gives them that we've taken to believe it's only happening on the right. >> right and i think it's a great thing that the left is starting to see its own and it's like a dog returning to its own vomit. that's the only way you could describe it. >> neil: [laughter] >> gerri: he likes that breakfast. >> and here is why. here is why adam. you and your liberal friends have been terrorizeing, the left has been terrorizing conservatives on campuses, instilling this bizarre and pc culture that's now extending to the fact that even if you're a moderate liberal, you get attacked by the antifa and all these creepy left wingers and i think it's good because now they get a taste of their own medicine. >> neil: well you could extend it in a way charles payne the push on a left to get a single payer health system causing many moderates to recoil in the party >> oh, no listen. people don't want to admit is that under president obama, the democrats were deci mated on the state and citywide level. there was a message sent to tha

charlie gasparino, i want your sense offallout from all of this. we can't avoid too many distraction shuns to get the president's agenda. >> i agree with you. we should be talking about tax cuts, health care reform. the president had no reason to weigh into these waters politically. it was small issue to begin with. it was, basically being, people were moving away from it. now, he -- neil: gave them galvanize -- >> let's be real clear here. the nfl has a huge business problem on its hands taking on donald trump on this issue, i will tell you why. give you these statistics, lay them out there, 67, nearly 70% of all nfl viewers are white. that is the direct opposite of the league but it is what it is. most of viewers, 70% of them have incomes less than $100,000 or less. one other thing, it skews more heavily than the general population to military service. 10% compared to 8% of the general population. what you are talking about, is the average nfl viewer appears like donald trump demo. roger goodell has a huge business problem on his hands if he does

they might not materialize, some like charlie gasparino could may more. and if you think that does not have charlie upset, you don't know charlie. he is paving the way for a lot of these agreements could he thinks he can get in a bipartisan fashion. we'll get into later on the show. how it ticking off some republicans. some of the traditional base. >> well, you know i agree with what he is doing on daca, personally. it is kind of senseless and heartless to send kids back. some of these kids i believe serve in the military. military. >> in the military. >> that is absurd. you know one thing to end the program, another thing to end it and you know maybe with a clean slit. >> i believel leahy has -- he hs always been there, questioning the way that president obama did this in his last year in office. he has put onus on congress. >> this sensible way of doing it, i tell you his hard-line supporters don't. and i think if he is willing to go back to something that was very integral to his campaign. >> the wall or daca thing. >> daca and the wall. he says he is s

charlie gasparino. meanwhile, there's a growing debate. e and i were getting into tax-cut and revenue neutrality. the thing. >> we want the biggest reduction we can get some of the most sweeping reform we can get and i do not think the revenue neutrality is at the top of our priority list coming from one of the biggest deficits in washington d.c. we have to have that growth. neil: word used an imac? >> we talked about this before, but there is a way to do this with progrowth and passing tax cuts compared to the current code. i do think you need to have this revenue neutral discipline in place. neil: i said it many times on the show. it does come down to revenue neutrality by definition the tax cut should be limited. you can't go crazy. those who don't like it say in order to make a profound difference is the behavior of america and the tax-cut got to be big. and there lies the rub. it's one or the other. you really can be both. so news editor terry jeffrey is an all-around genius. said david, i don't see there being any gray area here. what

gary chef fields joins us, charlie gasparino. so charlie, the fall-out in the markets seem to be pronounced here. sometimes this can change on the day. the sell-offs are never really -- last very long. what is your sense? what are traders telling you? >> it was a bad open because of what was going on in north korea. it was compounded by economic issues. that's what caused this market to go down, a growing sense among investors that we're not going to get tax cuts or regulatory reform any time soon because there's going to be disaster relief in texas, debt ceiling we have to deal with and a few other things, passing a budget. those things are going to occupy congress and the president and you won't get the fiscal policy sometime laws that he wanted, which is getting rid of some lou lousy regulations like dodd frank. some of the most declines came from those stocks that would benefit from the corporate tax cut and getting rid of dodd frank. goldman sachs and the financials. that's what you have today. some of this of the north korea

charlie gasparino. in the meantime, more on hurricane josÉ and then we've got maria.e atlantic, still a depression right now. isn't there a famous general named lee. someone is owing to rename that puppy, i'm telling you. that's not half the heat of this. up next. and then you totaled him. you two had been through everything together. two boyfriends, three jobs... you're like nothing can replace brad. then liberty mutual calls... and you break into your happy dance. if you sign up for better car replacement™, we'll pay for a car that's a model year newer with 15,000 fewer miles than your old one. liberty stands with you™. liberty mutual insurance. and life's beautiful moments.ns get between you flonase outperforms the #1 non-drowsy allergy pill. it helps block 6 key inflammatory substances that cause symptoms. pills block one and 6 is greater than 1. flonase changes everything. hi, i'm mindy kearns. it's great nice to meet you too. your parents have been talking about you for years. sorry about that. they're all about me saving for a house, or starting a college fund

charlie gasparino talks about what might include and what it might not include.reath and your mouth lacks moisture, you may suffer from dry mouth. try biotène®, the #1 dentist recommended dry mouth brand. it's the only leading brand clinically proven to soothe, moisturize, and freshen breath. try biotène®. gerri: welcome back. any attempt to interfere with an election is a serious issue. that is what mark berg said as he announced the company is looking at suspected russia linked ads that appeared on facebook during the presidential election. this is what he said in a live video stream. >> we will continue working with the government to understand the extent of russian interference and we will do our part not only to ensure the integrity of free and fair elections around the world but to give everyone a voice and be a force for good in democracy everywhere. >> reporter: he went to outline steps the company plans to take including making advertisers disclose their identity as they do in tv ads and posting all ads they buy on facebook on their own facebook page. yo

joining us now charlie gasparino with the details. >> full disclosure, i am not a tax lawyer, not a taxd i know what wall street firms, how they save money, and including private equity. and one of the big tax loopholes for private equity that managers make a lot of money, the companies make a lot of money, when they take over a company, what private equity does, you take over the company, if they sell, it keepa t a long period of time, they get a favorable tax treatment. it's known as the carried interest deduction, very favorable. liz: their salary taxed at a different level than the regular folks. >> because they hold onto assets for a long time. okay? i don't know exactly how long, but blackstone goes out and buys hilton hotels, it holds onto it for a while before it sells it and goes public again. somebody else buys dell computers, remember dell went private, i think it was carlisle, i could be wrong. they hold it longer than that. because the government deemed that to be a good thing, they gave them a controversial deduction, carried interest deduction which people say shouldn't b

we've got charlie gasparino, larry and len elmore on the ncaa scandal coming up. ♪ ♪ hi, i'm the internethat's difficult? armless bowling. ahhhhhhhh! you know what's easy? building your website with godaddy. get your domain today and get a free trial of gocentral. build a better website in under an hour. .. .. liz: grade exploitation, bribery, wire fraud, money laundering. this is just the latest charges. louisville's rick pitino the highest paid coach put on administrative leave as that screen scandal rocks one of the favorite sports. played pro basketball. he is a harvard dictated a sports attorney and sports agent. what else. you have so much skin in this game i need for you to just tell me the initial thought. has anything about this investigation somehow slowed down or stopped this corrupt money and bribery unfolding at the ncaa. >> when the federal agents get involved. people are gonna stand up and really take notice. they are to re-examine their relationships in recruiting in particular and in relationships with shoe companies. it looks like he is not only been benched but he will

charlie gasparino on the fallout from that.s it depends on what allowances are included, what is not. you don't want this to be a wash because you've wasted people's time. >> the devil is in the details on this. you can take it down to 25% and keep all the deductions that corporations have already. it could be a real tax cut. if you keep the deductions. goes from 35 to 25. you have all of the deductions, the interest deduction on debt. so the effective rate was down to 22%. so this is really -- this is a moving target. we don't know enough to really assess it. i'll tell you this. i know from covering the hedge fund business and short sales and sophisticated investors, if they bring it down to 25 and they get all the loop holes, they kill all the loop holes, guess what will happen? people start selling stocks. they'll say that is not a credit to companies and you sell the s&p. that's what -- i'm not saying it will be a huge debacle in the markets, but there will be some selling pressure. taking it down to 25 from 35 and leaving

to charlie gasparino. s there's enough here, including corporate tax relief and tax relief for everybody else, that even though some of the rich might do a double take, this will be well-received. maybe, charlie, get more broad support. what do you think? >> here's the bottom line. it depends on the effective rates. we say that on the individual and the corporate side. the markets are up because of the corporate tax cuts. they think there's going to be -- which is 35%, it's going down to 20%. even though you get rid of the loop holes, your effective rate is low. 15, 20%. here's where it gets tricky. this is what gary cohn and the president have to worry. if they lower the rates on both individuals, even the rich, and corporations marginally down, say lower it for individuals down to 30, 35% from where it is now, 39% and corporations from 35% to 30%, then they plug loop holes and what you do is get an effective tax increase. i can't imagine politically that's something that you could sell through congress. y

liz: charlie gasparino, thank you.ter i'm sure. >>> irma bearing down on cuba right now. florida with a huge question mark, specifically where it will make landfall. historic recovery effort, potentially on tap for the sunshine state. on tap next, $6.5 billion guru hank smith has top wreck and recovery picks ahead of the upcoming storm. more "countdown" on the way. ♪ it's a highly contagious disease that can be really serious... especially for my precious new grandchild. it's whooping cough. every family member, including those around new babies, should talk to their doctor or pharmacist about getting vaccinated. liz: 3 1/2 minutes before the closing bell rings. we're looking at same market picture through much of the hour, nasdaq light sri higher, and s&p lower. no one wants a position ahead of the markets because of hurricane irma. one place is getting a hit. property and casualty insurers with heavy exposure to florida. today they're seeing heavy selling. if you look week to date performance, this is terrible for th

charlie gasparino is standing by with new exclusive details on why white house chief economic adviser gary cohn's long and winding road to the fed isn't dead yet. he may just arrive at the door. charlie will break it down for me come back. so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. liz: we have breaking news just justin, georgia has just reported its first term are related death. we don't have any details on the victim's identity but we do have a confirmation of one person dead due to the tropical storm that it has turned into an it's over southeast, southwestern georgia. you can see the slamming into atlanta right now. this on top of at least 40 fatalities reported across florida and the caribbean. let us shift gears to washington. a lot can change at the white house from

fox business charlie gasparino.do you think the details coming out of capitol hill are pretty scant. no one knows what taxes will be cut, who is getting the tax cuts. what is the trump administration, republican and congress consider rich? remember, obama used to say president obama used to say families that make 250, individuals at 200. that's where the cutoff would be, they would have their taxes raised. we don't know a lot of this, any of this. we don't have a lot of details. we don't have a lot of details on what loopholes are plugged. if you look at statistical study who have pays the most taxes, even state, local, everything together, probably the top 20% of all taxpayers, the richest top 20%, pays 50% overall taxes. as you know the top 10% on income tax pays the vast majority of the taxes. if you really want to stimulate the economy, you got to give people that make money a tax cut. they spend the most, or they save the most, meaning they invest the most after you give them that tax cut. those are the people

. >> neil: and my buddy charlie gasparino followed the market reaction.old boss was aggressively selling and working the phones and showing the charts and doing the oval office addresses and popping all over the country to make his case for sharply lower tax cuts. he did it in ways, first when he first became president and 86 one which was transformative. does he have to do the same? >> he has to. he can't get distracted by anything else. reagan got shot on march 30. he went to congress on april 30th, made a big speech and went to the country a month later and made a big speech. he ended up getting 48 house members, democrats to vote with him and 37 democrats in the senate to vote with him. by the time he got to 85-86, he had the democrat chairman of the ways and means committee and overwhelming numbers of democrats supporting. he sold it. he explained to people how it worked and why it was good. one of the things that bothered me, because charlie knows this better, i worry about the fourth bracket. we ought to be arguing that people that pay a lot of tax

liz: we've got charlie gasparino working that angle. he's going to come down in just a moment because she was very, very cold and even when it came to being asked that question about are you going to stay? and she said, well, we'll let you know what she said in just a minute. charlie is parsing every single one of the words within what she said. back to the federal reserve's overall move. fox business' adam shapiro was in the room. he's joining us from the federal reserve in washington, d.c. adam, what jumped out at you during the entire news conference, that's what tends to grab market attention? >> one, concerned about inflation, you heard chair yellen sayas the beginning of the year up 1.9%, now it will be up around 1.4%, that's core inflation, that is troubling to the fed but pressing on with policies and we are expecting an interest rate increase in december, and then three rate increases next year, but other issue that jumped out was the fact we started the unwinding of the balance sheet will take four or five years, a long time i

liz: charlie gasparino, the united kingdom upped terror threat from severe to critical, and yet our markets continue to charge higher. we're not at an all-time high for the nasdaq but earlier hit it. the s&p looks strong today even with quadruple witching and the london terror attack with the bucket bomb. to what you attribute that? >> the markets are not taking this entirely seriously, maybe they should be but they're not. it will be interesting to see how the markets react if president trump says something somewhat bombastic, if he threatens to blow them up, what did he say the last time? fire and fury. it will be interesting to see. the markets, we're in the closing minutes of the trading day today, interesting to see how they react to that. just so far it's not a market that takes the threat of nuclear war seriously. maybe they should. liz: should they, colonel? the dow is up 63. that is another all-time record. i believe if we close here, that would be the 56th record since the day after election day. >> look, i think we here in the united states are taking the threat very seriously. i

neil: letting you know again, charlie gasparino protect this, major league baseball owners unanimously approved derek jeter's bid for the miami marlins. he was working with a well-healed group to do so and apparently he gotç it. derek jeter will be a team owner. trish regan, to you. trish: thank you, neil cavuto. possible changes to the tax code for your benefit this year. top republican lawmakers will reveal their plan which president trump says it will be fair, simple and help the middle class. i will tell you this. it is time to stop redistribution of wealth, give it back to hard-working americans that earned that money in the first place. i'm trish regan. welcome, everybody, to "the intelligence report." the obam[ationni believes you can tax your way to prosperity. government needs more more any? take more small business owners and individuals who earned it. the left still thinks they can take money from hard-working citizens. tax cuts don't need to be a partisan issue. we had tax cuts in the 1960s. economy grew 6%. ronald reagan did it in the '80s. guessç what happened? the econ

korea, and sending the same message out to the iranians deal that he has prepared, excuse me, charlie gasparinonow. the fruit will be in the pudding. do they listen to him? does he have enough stature to convince the chinese? the end game is china and, you know, china has been a critic to have president. he ran a campaign where he basically said everything from currency manipulating and stealing our secrets. now, there's a point where we need china to step up on north korea. can he do that? will they do that, and, you know, i don't know. this is a really dangerous thing. they are kind of in a sense isolating a lunatic, right, but, you know, when you put a -- when you corner a rat, you know what they usually do, rats usually fight back. neil: what i am wondering is whatever comments there is sort of a decorum in the united nations and we talk today nato secretary general hosting this luncheon or one of the big attendees and he said, we understand, donald trump, we know and remember his campaign, finally all the nice words to say, but if you read and you read the reaction, very different than pri

whether any of that is possible and the timing, charlie gasparino.re saying it's increasingly less possible. i still think net-net the trump agenda overall, less regulations, at least -- hopefully -- not a tax increase is net positive for the markets. so, you know, long term it's better than what hillary clinton was going to give you. but, you know, you look for reasons to sell off. why would you sell off today? one good reason is north korea, obviously. the markets hate the prospect of nuclear war. number two would be a stalled tax cut agenda, just adding more fuel to the fire not just global unrest, but here in the u.s. you don't get a sort of stimulus that you thought you'd get. now, does that mean the markets will stay sold off? again, i am telling you less regulation is generally really good for the bottom line -- neil: and every time they take a hit like this, significant though it may be, they have a habit of rebounding. >> even slowly. neil: right. >> because like long term the impact to the bottom line for less regulations is pretty substant

anyway, charlie gasparino, carol ross, would you think of that wednesday may be get the details. what's taking so long. they have a plan put forth. donald trump advocating a plan that art laffer and larry kudlow in stephen moore. and it was pretty detailed. it didn't have everything in there, buddy with detailed, broad outline so to speak. i don't know what we are talking about. there is a plan, do it. we need to know what a great do certain people -- i don't know why it took this long. neil: i know. now we have the added complication, maybe a good complication depending on the health care rework of this one. that doesn't make any difference to you factor in the same come out, all of the above? >> i think any complication is a bad complication, especially when it comes to congress given the fact they can't focus on anything or negotiate their way out of a paper bag. i would like to see the tax reform be done first in the devil is in the details. i can be patient for a few days or a few weeks on something that can get done. if we put out something and this is going on and on, that

to the battle royale, charlie gasparino, former trump campaign co-chair joe borelli and deneen borellithat, there was fighting and flogging to do? phil gramm was saying republicans shouldn't be in the position of offering the rich a tax cut or any of this other stuff, that they've got to be on offense. what do you think? >> listen, i think we do need to lower taxes. the best way we possibly can, put more money in the hands of the consumers. they would spend more. when you look at high-tax states, california, new york, new jersey, i, for one, i moved from new york to california -- connecticut two years ago because of the high taxes. taxes are a bit lower in connecticut. neil: not much. >> they're crazy there as well. we were able to cut our property taxes in half. that tells you something. the politicians, local state, they continue to raise taxes. people can deduct that burden, but there's no fight to reduce taxes. so if you put the burden on the politicians to do something about lowering taxes, i mean, that is what we really need to do i think for our country, for the good of the econ

neil: charlie gasparino, thank you very much.is is an issue for all the players. paul ryan says, you know, we are doing our part in the house. it certainly sounds like he threw a 13 senator under the bus. >> we passed 337 bills in the house as of this week. this is more than obama, more than bush, more than clayton. similar bills have passed the house this year under donald trump at this time then obama in both bush and clinton. the challenge we have is this chart. 274 are still in the senate. neil: senator mike rounds joins us right now is south dakota. i don't know if he was specifically throwing you under the bus, but mitch mcconnell, what did you make of that? >> business as usual. what we've got right now is the house has the ability to move things through on a margin of one vote. in the senate we've got to have for most items we've got to have 60 votes and that mns you've also got to have about 30 hou of discussionn each one of those votes. neil: you guys have a lot of rules. >> some of them would like to change. in the mea

charlie gasparino on what he's hearing on all of these developments. he's going to employ, i guess bring out art laffer, the great supply-side economist, larry kudlow, one of the architects of the current plan, and steve moore, bring them all -- they're apparently going to play some role in this. neil: but this isn't -- so far, we don't know the details, so i don't want to jump to conclusions -- this isn't quite reagan-esque or supply-side dream here. >> well, i will say this, if you talk to larry -- which i was on his radio show this weekend and i speak to him regularly -- larry believes trump is totally committed to a 15% corporate tax rate and for lowering taxes at least as a starting point and as the main focus -- neil: that's interesting, as a starting point. follow-up after? >> well, no, as a starting point for other reforms including individual tax cuts. neil: i gotcha. but he would do both concurrently. >> well, either both or start with tax cuts and pivot to the individuals. neil: oh, interesting. >> i think what larry would tell you is that h

a furious charlie gasparino to react to this.e a hostage video, he was blinking morse code, i really don't believe this? neil: you could read into this, the charlotte post presser, his last act. charles: here is the thing gary cohn -- he will not be fed chair because he will attack trump. he should have gone was steve mnuchin did, try to spin a positive tail, he did the opposite. now gary cohn is a long-term democrat so who knows what pressure was on him to say what he said about trump's assessment. >> is serving this to get the tax-cut? charles: particularly the corporate tax rate, to something specific like 25 but keep the loopholes because effectively it is a lot lower or bring it to 20, 15 but take out the loopholes. neil: is out the gate with 15? charles: he should. think of what gary cohn had done, he will go back to corporate america as the man, every ceo in wall street, all his buddies, lloyd blank find, larry fink, steve schwartzman, they will hail him as a hero if he does a significant corporate tax cut. neil: private i

charlie gasparino, washington examiner and white house correspondent sarah westwood on that. that's the worry, that time's wasting to finalize the details. >> there is no plan. i mean, listen, we'll see what sarah has to say about her sources. my sources -- neil: i trust sarah more than you. [laughter] >> okay. neil: i'm kidding. >> you'd buy the brooklyn bridge too, i'm only kidding. [laughter] i'm only kidding. but anyway, they -- nobody believes, that i talk to on the hill, believes there's anything concrete right now. they don't believe they're going to get anything concrete this year -- neil: so on the 25th we're not going to have details -- >> they don't think so, and they don't think it'll be passed this year. neil: i want to follow up on that. first, sarah, to you. are you hearing that as well? the first sign of trouble, and charlie and i were here when kevin brady of the ways and means committee said i don't know if we're going to get all the details on the 25th, and that kind of surprised me, because i thought that was the day we would. what are you hearing? >> righ

citizens united president david bossie, eliza collins and fbn senior correspondent charlie gasparino. the deal they could do. >> i think it's good. maybe get the storm relief to texas and then start getting tax reform going. i will say this, though, it struck me, listen, north carolina is essentially a red state run by with a democratic senator. i could see how the people want lower taxes. if this thing does fail, okay, this is the other part with kellyanne conway says it's congress' fault. if this does fail, it's a failure of the president. here's why. all you have to do is turn back the clock. look how ronald reagan got real tax cuts and tax reform done. neil: he got democrats on board. >> he did oval office addresses and sold it to the american people. neil: he might get but it might not be what -- >> if it does fail -- neil: what do you think the president is putting himself out there on a way he didn't do with health care revamp. it's his hiney on the line. >> he didn't do that on the health care revamp. we saw the affordable care act popularity go up. people did not want it to b

charlie gasparino on conservative backlash. what do you think? >> i think free market types.ts the president in a very bad negotiating position. i mean think about it this way. what you wanted going into the 2018 elections, next year if you want to do tax reform or tax cuts. you don't want to worry about the debt ceiling. guess what? we have to worry about debt ceiling nine months or a year. attach it to the hurricane relief bill. what he did literally screwed himself, if he wants to do meaningful tax reform. neil: that is not how he feels about it. the treasury secretary steve mnuchin talking to maria bartiromo who himself was told jolted by the president's position. >> he was screwed over. mnuchin was screwed over. neil: he had interesting way to reassess the whole thing. i want you to react to this. >> the best part about this, this clears out the next 90 days for us to focus on important things. we have funding for harvey. we're focused on tax reform. that will be the big priority for the next 90 days. we'll work with the two committees on that, and get that down to the f