cornyn, no. mr. thune, no. mr. burr, no. mr. isakson, no. mr. portman, no. mr. toomey, no. mr. heller, no. r. scott, no by proxy. mr. cassidy, no by proxy. mr. wyden, aye. ms. stabenow, aye. ms. cantwell, aye. mr. nelson, aye. mr. menendez, aye by proxy. mr. carper, aye. mr. cardin, aye. mr. brown, aye. mr. bennett, aye. mr. casey, aye. mr. warner, aye. ms. mccaskill, aye. mr. chairman. the chairman votes no. mr. hatch: the clerk will report. the clerk: the final tally is 12 ayes, 14 nays. mr. hatch: the amendment is defeated. ok. now i think senator stabenow -- ms. stabenow: yes. i would appreciate -- again, this basically brings accountability by indicating that as we allow companies to use the smaller rate on repatriation, that every year we would take a look and see whether or not they really are creating more jobs and higher wages. and if so, that cut would continue and if not, it would not. >> mr. chairman. mr. portman: maybe we should go ahead and vote but i'm confused by the amendment because it says on the sheet i have, talking about dean repatriation. is that accurate

cornyn, no. mr. burt, no. mr. isaacson, no. mr. portman, no. no.n. cantwell mr. scot, mr. wyden, aye. ms. stabenow? aye. ms. cantwell, aye. mr. nelson? aye by proxy. this tremendou -- mr. menendez, aye proxy. mr. carted, aye. mr. brown, aye. >> the final tally is 12i's, 14 nay's. senator cardin: i'm bringing up my amendment number three. theamendment would improve saver's credit that is available letretirement savings trade me explains -- for retirement savings. let the reset -- the reason for this. challenge for individuals being able to contribute to retirement, particularly, lower taxme, is that the incentive, the deductible, the pre-tax aspects of it, for some, are just not enough. what is happening with this bill of course, with reducing rates, it even makes the tax advantages of contributions a little bit who putiting for those in money for retirement. if you put money on the table, that can be very helpful. on her own savings, the number of participants is pretty high. if you don't have an employer putting money on the table, it's puter to get people to money away f

senator cornyn just addressed it. it's one we all know very well. it is the presence decision on september 52 eliminate daca perfection 780,000 young people looking forward, pay the filing the president's fifth toon september eliminate daca protection. 780,000 young people looking forward, pay the filing fee in with her criminal back on track, cemented other information to our government and are currently protected from deportation and given the right to work. president trump announced september 5 that as of march 25th that protection wouldn't. with the end of that protection it means disastrous consequences thousands and thousands of young people. he called on congress to ask and senator cornyn said it is our responsibly to act. how did the president describe this challenge this morning in the street? he said the democrats were coming in in favor of illegal immigrants flooding into our country unchecked. illegal immigrants flooding into our country unchecked. the dream act requires that if you are eligible you have to have been in the united states

senator cornyn just addressed it. it's one we all know very well. it is the presence decision on september 52 eliminate daca bill pending before this perfection 780,000 young people who came forward, paid the filing fee, got their background checks, and passed them. president trump announced september 5 that as of march fifth next year, the protection would and. with the end of that protection it means disastrous consequences for thousands and thousands of these young people. he called on congress to ask and senator cornyn said it is our responsibly to act. how did the president describe this challenge this morning in tweet? he said the democrats were coming in in favor of illegal immigrants flooding into our country unchecked. illegal immigrants flooding into our country unchecked. the dream act requires that if you are eligible you have to , have been in the united states for four years. were not talking about people flooding into the united states , we are talking about those who have lived their lives in the united states being given the , chanc

cornyn. >> no. >> mr. thune. >> no. >> mr. burr. >> no by proxy. >> mr. isaacson. >> no by proxy. >> mr. portman. >> no. >> mr. toomey. >> no. >> mr. heller. >> no by proxy. >> mr. scott. >> no by proxy. >> mr. cassidy. >> no by proxy. >> mr. wyden. >> aye. >> ms. stab now. >> aye. >> ms. can't well. >> aye. >> mr. nelson. >> aye by proxy. >> mr. menendez. >> aye by proxy. >> mr. carper. >> aye by proxy. >> mr. carden. >> aye. >> mr. brown. >> aye by proxy. >> mr. bennett. >> aye. >> mr. casey. >> aye. >> mr. warner. >> aye. >> mrs. mccaskill. >> aye. >> mr. chairman. >> no. >> the chairman votes no. >> the clerk will report. >> mr. chairman, the final tally is 12 ayes, 14 nays. >> the amendment is defeated. who is next? >> mr. chairman. >> senator from michigan. >> thank you, mr. chairman. i'd like to offer stab now number 7, which would make sure that the tax reform benefits go to the middle class. >> go ahead. >> you have heard my colleagues and i express deep concern that this bill goes far too much -- gives far too much benefits to the wealthy and mi

the texas senator john cornyn among those attending promising to introduce legislation to fix what he calls the broken gun background check system. >>> police at the mall of america say two people were stabbed during an attempted robbery at the macy's store. investigators say the suspect stabbed the victims caught him trying to steal personal belongings from the dressing room. other shoppers reportedly subdued the subject but children waiting nearby waiting to see santa claus saw the whole thing. the suspect is in custody.

cornyn. mr. thune. [voting] 12 i's 14 nay's. the amendment is defeated. >> if this bill moves out of committee, there will be a bill out of the finance committee, the house bill. should the bill code to to conference,o this next amendment requires a hearing on any measure with a revenue war budget impact of greater than $1 billion. i don't think that's asking too much for openness and transparency so that taxpayers this rushed process leading up to a vote on the finance committee, which i have argued -- this site has argued that this was driven by a tax bill, instead of being subjected to the number of hearings that ranking members referred to earlier in the mid 80's, where president reagan's something on the order of a 490 page proposal got 27 hearings. the house bill got six hearings at the time. more review, scrutiny: this amendment is appropriate to read as an old inspection -- there is an old expression, free from every expression, -- there will be a lot of suspicion and mistakes made. i'm hoping we can get a yes vote on th

senator cornyn just addressed it. it's one we all know very well. it is the presence decision on september 52 eliminate daca perfection 780,000 young people looking forward, pay the filing fee in with her criminal back on track, cemented other information to our government and are currently protected from deportation and given the right to work. president trump announced september 5 that as of march 25th that protection wouldn't. with the end of that protection it means disastrous consequences thousands and thousands of young people. he called on congress to ask and senator cornyn said it is our responsibly to act. how did the president describe this challenge this morning in the street? he said the democrats were coming in in favor of illegal immigrants flooding into our country unchecked. illegal immigrants flooding into our country unchecked. the dream act requires that if you are eligible you have to have been in the united states for four years. were not talking about people flooding into the united states but those who lived their lives in the

well, texas senator john cornyn had to say, we must stop partisan politics at the water's edge.s saying there it's never a good idea to criticize acting president while on diplomacy ig mission overseas. a lot of people are weighing in on this back and forth on twitter, rick says and he's referring to senator schumer here, i think you're so wrong, he establishment of alliance and firm stance for the u.s. is noteworthy. going back to what john cornyn said, very important to present united front. rob: well, used to be. jillian: do you think santa claus is fed up with amazon right now? carley: that's the big question of the day. parents are angry with amazon after they released an ad in uk that shows a father hiding presents instead of santa claus. take a look at this. >> at amazon we've got toys and games this christmas. free delivery on millions of eligible items. carley: everybody knows it's santa's job, amazon is clearly wrong. thanks amazon for advertisement, my 3-year-old is asking why this man is hiding the presents instead of santa claus. jillian: i'm sure santa is very angr

nats pop - john cornyn: this is very clearly a problem.anna wiernicki: texas senator john cornyn saystem failed. federal law already requires the department of defense to report convictionsjohn cornyn u.s. senator, r-texastake cg @ 0:54-1:04the fact of the matter is that under existing law this atrocity should have been prevented. this gunman should not have been allowed to purchase firearms and should have been arrested when he tried to do so.anna wiernicki: cornyn says he plans to introduce legislation that would specifically require all federal departments and agencies, including the department of defense to upload conviction records into the national database.john cornyn: we need to better understand why our existing laws didn't work in this instance and that is what my proposed legislation would do after analyzing the problem we will try to ensure that everyone is complying with the law.anna wiernicki: senator cornyn says his bill would crack down on state and local governments as much as the consitution allows.in washington, i'm anna wiernicki. (pam) three people are dead... and

senator cornyn. sen. cornyn: thank you, mr. chairman, i want to congratulate you and thank you for your leadership in this challenging markup. this whole process has been especially difficult because of the posture taken by our democratic colleagues, and they simply don't want to contribute to it. they want to try to undermine what we have tried to do here. that is a shame and a lost opportunity. this is still just the beginning of a legislative process. i look forward to working with all of my colleagues as we continue to find ways to build on the good work of the committee, especially when it comes to the particularly challenging job of dealing with pass-through business entities. we still have quite a bit of work to do there to make sure the tax code properly addresses the needs of those important contributors to our economies and jobs in america. thank you. >> senator toomey, you will be next, then i will come to the site. -- side. just a final clarification from mr. barthold. in light of this final amendment, a simple ques

cornyn: mr. president, i'd yield to the senator from pennsylvania for such time as he may use up to 15 minutes. i will take that back. the presiding officer: majority whip. mr. cornyn: mr. president, i know that our friends across the aisle have offered a motion to commit to send this back to the senate finance committee, but as the ranking member knows, as the senator from ohio knows, the senate finance committee has delivered a bill that received a vote of the majority of that committee which considered this tax bill in a bipartisan basis in the committee. so it strikes me as odd if not just outright fallacious to suggest that we are somehow keeping them out of a bipartisan process. just the opposite is true. they are taking themselves out of the process by obstructing, blocking, doing everything they can to prevent us from actually delivering tax reform and tax cuts to the american people. that's what's happening here. and just as the senate ranking member of the senate finance committee, the

cornyn. mr. cornyn. mr. cornyn, no. mr. thune, no. mr. byrd no,. mr. portman. no. mr. too many mi. no by proxy. mr. heller, no. mr. scott. no. mr. cassidy. no by proxy. mr. wyden. aye. ms. stabenow. aye. ms. cantwell. aye. mr. nelson. aye. mr. menendez. aye by proxy. mr. carper, aye by proxy. mr. cardin, aye. mr. brown, aye by proxy. mr. bennett, aye. mr. casey, aye. mr. warner. aye by proxy. ms. mccaskill. aye by proxy. mr. chairman. mr. chairman votes no. final tally is 12 ayes, 14 nays. >> amendment is defeated. we're going to take a 15-minute break right now and come back. with that, we break for 15 minutes. >> and the senate finance committee taking a short break here. s the fourth day of its review of the senate tax reform proposal. over in the house today passing its tax reform bill 227-205 with no democrats voting for the house measure, 13 republicans voting against it. and the legislation over in the house calling for a partial repeal of state and local income tax deductions and doubling the standard deductions for single filers and those who are married. and that tax refo

cornyn, no. mr. thing, no. mr. byrd, no. mr. isaacson, no. mr. portman, no. mr. timmy, no. mr. heller, no. mr. scott, no. mr. cassidy, no. mr., aye. miss kim well, aye. -- cantwell, aye. mr. menendez, aye eye by proxy. mr. cardin, aye. mr. brown, aye. mr. bennet, aye. mr. warner, aye by proxy. mrs. mccaskill, aye. the chairman votes no. mr. nelson, aye. is -- callie is 12 -- nays.is 12 ayes and 14 >> given the confidence that my republican colleagues have that people will not lose their insurance or see their premiums and out-of-pocket costs go up, i would hope we could pass my amendment by a unanimous vote. it simply says that no provision of the chairman's mark of modified would take effect unless the joint committee on taxation and the congressional budget office certified that the bill will not reduce the number of middle-class americans with health insurance coverage or increase health insurance premiums or out-of-pocket costs. a lot ofaring discussion about whether or not this impacts real people. we know what the congressional budget office has said. again, if colleagues

i think senator cornyn is the right man to lead the charge on that. >> in the house jackie speier haseen talking about sexual harassment and it's still going on inside the halls of congress, and in fact two members of congress, one republican and one democrat that are sort of well-known serial harassers that have not been named. do you know who they are? >> not a clue. this is the first time i have ever heard that statement made. >> and there's $15 million paid out of taxpayer money because of the quiet or secretive settlements that have been made because of what has happened inside congress because of sexual harassment. what do you know about that? >> the first i heard about it was yesterday in talking about another member, who has been asked by leadership to work through and to make repairs to the existing guidelines within the senate. she shared with me that there had been a fund established unbeknownst to most of us. we never talked about it or had a discussion on it and there had been confidential payments made, and there was a strong desire that those be made public, or at least

cornyn, no. mr. thune, no. mr. burr, no. mr. portman, no. mr. toomey, no. mr. heller, no. mr. scott, no. mr. cassidy? sen. hatch: no by proxy. the clerk: mr. wyden, aye. ms. cantwell, aye. mr. nelson, aye. mr. menendez, aye proxy. mr. carper, aye by proxy. mr. cardin, aye. mr. bennett, aye. mr. casey, aye. mr. warner, aye. ms. mccaskill, aye. mr. chairman? sen. hatch: no. the clerk: 12 ayes, 14 nays. sen. hatch: the amendment is defeated. are we going to go to another one by sen. bennet? sen. bennet: thank you, mr. chairman. i would be very brief. this amendment would strike the child tax credit in the chairman's mark and replace it with the child tax edit with the same maximum level per child as is in your legislation, but designed so that a private in the army, a bartender, a construction worker, farmer, rancher, or full-time minimum-wage worker earning the median and will wait for their profession would receive the same child tax credit announced her child as provided to a person earning an income equal to the salary for members of congress and senators. workers earning

but what cornyn did share with us after the service was his reaction to pastor frank pomeroy's sermonanding there at the front of the church, comforting others, and he lost his 14-year-old daughter. it's remarkable. but a testament to their faith and their compassion for others during this very difficult time. >> reporter: frank pomeroy preached perseverance, the need for strength in the fight against evil, the strength he exhibited in his community today was an example to us all. >> kaylee, thank you. >>> coming up, is donald trump embracing a conspire si? the president convincing the cia director to meet with a man who argues the cyber attack on the democratic party last year was an inside job. but first, alison kosik has more on the congressional vote that they are await thing week. alison? >> reporter: with earning season pretty much over, it's all about tax cuts. investors are focused on developments in washington. this week, the full house could vote on its tax bill. and the senate is expected to begin marking up its own legislation. hope for tax cuts has powered the rally on wa

one of the things we've seen in texas is that in the last few elections governor abbott, senator cornyn, they have won a plurality of the hispanic market, for example. the hispanic voter base and we fully expect to see that in this next set of elections, we'll win a straight-up majority of the hispanic vote coming in 2018, have at least some republican candidates who will do so and it's a proper reflection of alignment of those individual voters interests and preferences with our party's principals and our policies and that's as it should be. >> and mr. dickey, what about donald trump's call for the wall? how has that effected your party's position? >> you know in texas we have the bigsh stretch of the border and so we are most impacted by illegal immigration and those texas citizens along the border have seen first hand the incredible and tragic rise in murders and crime and destruction that has happened from an utter failure of the federal government to that our laws about immigration should be respected. so texas voters of all types are glad to see and will be glad to see the benefit

about senator cornyn.said when he's drilling down to small business, he said, they're not being totally genuine in their critique. it brings down that tax exemption. the exemption is good for smaller small business. you're talking about the biggest of the small business. he said, i don't think those people necessarily deserve a break. it's interesting because he's talking about this nugget. it is the small business owner score making the most but then they're in that weird category where that two percent is forced pay more than small business and more than corporations. that's not fair. >> that's not fair. >> there's also one caveat. you have a corporation you're paying the corporation and individual rate on your income. >> we were talking about what was going on the floor with chuck schumer speaking. we wanted to point out, that was senator mitch mcconnell. the president on the hill today. >> mitch mcconnell hasn't always had the best relationship with the president either. this is going to be big test fo

i met with leader mcconnell, john cornyn, the senate finance committee. my issue insuring that main street businesses are treated fairly in this tax bill. you look where the primary economic growth occurs in this country. 55% of the private sector jobs come from main street businesses versus large corporations. so this is about insuring that our pass-throughs, these main street businesses get treated more fairly in this tax bill. we're very, very close. melissa: you say you're getting close but earlier today you said you spoke with senator cornyn. i heard him in an interview saying what you were looking for was a tax cut on that last top 2% on the business pass-through. that they were willing to to lower taxes for everyone else but the top 2% of small businesses they didn't want to meet you on that turf because those people were just making too much money. did you have a separate conversation with senator cornyn that was more constructive than that response we heard on tv? >> yeah. no. we're looking at taking to call it overall discount. 17.4% today. i wo

voice that sent the only only heard from senator cornyn? >> it is very interesting because at the beginning part of the week, law enforcement when they came out and held their briefings, they stopped naming the suspects by his name. there is much of a sentiment in the media and journalists covering these events that once you get past itself, and that it is important of course to keep our viewers and readers up to date on the investigation and what we are learning, but you notice, i am not saying his name because when you talk to other people in the community, they come up to you and shake your hand and say thank you because instead this is in giving that person a soapbox. it isn't giving them the same that perhaps they desired, but this is about the victims in the 26 people who lost their lives as they worshiped in the mall church back there a week ago and i know there are a lot of people who would much rather have the reports in the information focused on the victims, how they are doing, how they are getting through and not speak the name

cornyn talking how trump plays into the races. the point is the same. talking about blue states, things get different oesh hevere house. significant republican, pennsylvania, west virginia, plenty from new york and new jersey. if all of those places are in danger and all of those republicans are seeing that donald trump could potentially be a drag in their suburban districts, it's going to be a problem for these lawmakers and they need a way to counteract that. >> garrett, we'll keep on top of that story. thanks very much, garrett haake on capitol hill. >>> what does this all mean for republicans biggest priority now? tax cuts. this morning paul ryan had a warning for his party. >> it just emphasizes my reading of the current moment which is, we have a promise to keep and got to get on with keeping our promise. one of the chief promises we made when we ran for office, all of us, in 2016, do tax reform and tax cuts for families. >> all right. and that becomes the issue. because as 2017 draws to a close, congress controlled by republicans both the house a

he was joined by other senate leaders, including john cornyn. later, we will hear from chuck schumer. sen. mcconnell: good afternoon, everyone. as you know, we had lunch with the president. members q&a for our for about an hour. this is about the first comprehensive tax reform and 31 years in which we fully intend to accomplish in the next few days. the budget committee will be meeting at 2:30 to take a step that is

. >> after senator cornyn finishes we're going to g back and forth. >> right. >> thank you, mr. chairman. i've found ins i ef been in the senate more shouting goes on the more tenuous the ground the senator is on. and i think that's the case here today. we flatly deny, disagree with the accusations made by my friend from maryland and the ranking member. let me just ask, could i ask the -- what is the -- what is the income threshold for let's say a single mom with two childr children, what's the income threshold that has to be achieved before they pay any income tax at all? >> the standard deduction for head of household, senator, is -- let's approximate, $9,000 and each personal exemption is $4,050. you said there were three so that's $12,150. so we're saying approximately the first $21,000 of income for that household is exempt from tax before calculating any benefit that the household might receive assuming it's a working mother in your situation from the earned income tax credit and the refundable portion of the child tax credit. >> so -- >> so, in fact, more income would eff

again, i think i should step out of the way as senator cornyn comes to the mike., and he has a few words to say about the service. >> i wanted to come to sutherland springs and worship with these remarkable people where they find the strength to carry on after such a terrible tragedy is truly remarkable. but it's clear they are people of deep faith and that that's what sustains them and gives them hope, even during dark times like this. so i'm glad we could be here today and worship with them, pray with them, and put our arms around them and support them in any way we can. >> senator, how did you feel while you were sitting in the sanctuary? i thought it was uplifting, very positive, and i think a lot of people would find that remarkable given what happened here a week ago. >> it's truly remarkable. what i said when i spoke is that most of this defies our powers of comprehension, but not pastor pomeroy. he realized that there is a higher power that he's in charge. and that's what buoys this family, and to see the pastor and his wife, having lost their 14-year-old

i talked today with senator jon cornyn, one of the biggest n.r.a.ponents in the senate, and we committed to try to work together on tightening up the existing background check system. this guy should have never gotten a gun, and hopefully republicans and democrats can do something about that. >> woodruff: so, senator, you're suggesting that the loopholes in the background system were well-known. if that's the case, why wasn't it brought to the public's attention before now? >> well, it has been brought to the public's attention. we've had legislation in congress for multiple sessions to improve and strengthen the background check system, the house of representatives passed funding a few years ago to give states more money to upload records. republicans in congress have never been willing to move this legislation. they have never been willing to fund states in order to put records online. in fact, they've been moving the opposite direction, earlier this year republicans passed legislation that was signed by president trump that took 75,000 people wit

he was joined by other senate leaders, including john cornyn. later, we will hear from chuck schumer. sen. mcconnell: good afternoon, everyone. as you know, we had lunch with the president. members q&a for our for about an hour. this is about the first comprehensive tax reform and 31 years in which we fully intend to accomplish in the next few days. the budget committee will be meeting at 2:30 to take a step that is required to move the process forward. we're optimistic that step will be taken. i'm going to have to run down to the white house for a meeting that i gather schumer and lozier not coming to, so i will not be here very long. in order to allow for a couple of questions, i will be happy to throw it open for a minute and then i will call on senator hatchett. >> leader mcconnell, had you adjust all of the concerns that some of these gop holdouts have simultaneously without making them feel too costly? sen. mcconnell: it is a challenging exercise. [laughter] there withtting a rubik's cube in trying to get to 50. we have a few members who h

. >> senator cornyn says he hopes to have the tax bill on president trump desk by christmas. tax writers are considering keeping the number of individual income tax rates at seven. in new congressional budget adds at least $259 billion to the national cost at $1.7s the trillion over 10 years. the study is based on last and's version of the bill amendment added $160 billion to the cost. in an exclusive conversation, steve mnuchin discussed his support for tax cuts. >> our strong preference is that the corporate tax rate starts next year. we look forward to working with the senate as the details come out. >> federal judge has issued a gag order in the paul manafort case. the judge has part all parties from making statements to the press or public that might influence a jury. thanl news powered by more 100 to journalists and analysts in 120 countries. this is bloomberg. 30live from new york, we are minutes from the close of trading here in the united states. after theixed even surge in tech stocks earlier. >> the question is, what did you miss? >> the china -- in washington, the

. >> john cornyn of texas says he's working on federal and state level to stop dangerous people from buying guns is according to to the criminal background check system in a timely fashion. >> this is an area where there is by partisan support to fix the background system to keep guns out of hands of people with mental illness and commit violence of the like. if we can close those gaps, that would be a big improvement. >> no evidence that bump stop by the texas government or the senate judiciary committee will hold a hearing on bump stocks. >> ten victims from the texas church shooting remain in critical condition. families of those killed will receive $6500 each to help cover funeral services from a state fund. a company stepped forward to donate the caskets. >>> shock and sadness around major league baseball. we are following news that former pitcher roy halladay died in a plane crash. he was 40 years old. halladay was piloting a small single aircraft and crashed in shallow water off the coast of florida tuesday. he was the only person on board the two-seater plane. they received n

john cornyn is coming up next hour. the president is in a bit of hot water this morning over a comment he made at a native american event yesterday, john. >> and event the president held at the white house yesterday for heroes of world war ii, the navajo code talkers for some reason he brought up one of his favorite topics from the election campaign, senator elizabeth warren of massachusetts. listen here. >> president trump: i just want to thank you because you are very, very special people. you were here long before any of us were here. although we have a representative in congress who they say was here a long time ago. they call her pocahontas. >> that was not in the official text of the honoring of the navajo code talkers but brought a swift reaction from senator warren. >> it is deeply unfortunate the president of the united states cannot even make it through a ceremony honoring these heroes without having to throw out a racial slur. >> the navajo nation weighed in on all this. they said it is a long-running feud be

. >> texas senator john cornyn announced today he is introducing a bill requiring all federal departments including the defense to upload all conviction records to nation bases. >> all right, thank you. senator van hollen joining the other senator ben cardin and dianne feinstein to call for the assault weapons ban. larry: 26 crosses in sutherland springs, each in memory of a shooting victim. >> sutherland springs walked through the fire. >> d.c. police seized 38 illegal weapons in the past week. that includes this cache in northeast d.c. including ak-47 and the ar-15 style rifle and the 50 caliber rifle and a the weapons to see if they were involved in any murders. >> now the other big story we are following closely. a blue wave that swept across virginia and other part of the country at the poll. >> the democrats swept virginia big three offices last night. the state house now, the race there, too close to call with the democrats teetering on the edge of taking control. among those democrats elected is the danica roem from prince william county. the first openly transgender person electe

we will see if that happens, but now senator john cornyn sang the senate may take up its tax bill theter thanksgiving. we are also keeping an eye on the house, of course. paul ryan, the house speaker, is set to give his weekly news conference at 11:30 a.m., and we will monitor that for tax details. the top stock of the hour relates to tax reform. -- we heard the senate version of the tax bill might keep the wind tax credit unchanged. taylor riggs is with us to tell us more. taylor riggs: it looks like it is not getting much of a bit. the stock down 8%. this will get -- 18%. this will get to the earnings that missed. big picture, though here, they are the biggest maker of wind turbines, and you see continual, shrinking prices for some of the wind energy. as you know, developers have been bidding on this, -- these come and doing it more in a bidding process, and that means the lowest did wins, and that is putting pressure on some of these companies in wind and solar. this company in particular mentioned there ebit margins and they are forecasting margins from 12 to 13%, down from anywhe

john committee cornyn had origid we are going to vote before thanksgiving. that wants them close to the spending fight. a lot of moving pieces. david: we will keep an eye on the ways and means committee. lori davidson joining us from capitol hill. shery: everything happening in congress happening in -- having an impact on u.s. stocks. let's get the details from julie hyman. normally in olden times it seems like this wouldn't be a big selloff. because we have seen such muted ativities as of late this is big selloff by recent standards. it seems market participants paid the most attention to the headline out of the senate that there would be a possible delay to a corporate tax rate cut to 2019. be the thing that triggered stocks of falling to the lows of the session. we were seeing caution being expressed. to put today's selloff in perspective this is the daily change in the s&p 500. it has been very muted. this would only be the 13th occasion this year that we have seen the s&p called by at least this is the worst selloff for the index since august 17th in pa

host: walk us through where mitch mcconnell and john cornyn's strategy is now. guest: you have sort of three buckets of senators with different holdouts. you have ron johnson who wants bigger tax cuts for small business owners who pay taxes on their individual income tax. they want to get rid of the state and local tax deduction for corporations, which is a big deal if you are a company in new york or california, silicon valley, when you lose that big tax deduction, that would pay for the bigger tax cut. another group of senators are worried about the deficit, like bob corker. if he votes no, they cannot pass withnd he has been feuding donald trump so i do not know if president trump rallying bob corker will be successful. what some of the deficit hawks want is some kind of trigger in this bill that if it -- the deficit over time -- and the cbo says it will add $1.4 trillion to the deficit over the next 10 years -- that there will be triggered tax increases later on . a lot of republicans do not like the idea of having a trigger tax increase later on. senatorson

ho joined his other colleagues we just heard senator hatch, senator toomey, tim scott, and senator cornyn that they came away and were confident they would get a deal. that was senator hatch with his colleagues talking about the meeting with the president about tax overhaul. this: if the gop passes package, removing state and local tax reductions, have tested high tax states have population exit this? potentially an opportunity for states like florida and texas. we have a map on the bloomberg that shows the average taxed adduction. i am going to blow it up a bit so that we can see in a little bit more detail here the darker number here, it me, the darker color here. let's bring in jason kelly. people always threaten this kind of thing. this time of at year. they threatened over the weather and now over taxes. this is interesting, if you look around. the finance world, high earners, as you tend to know, they are looking at a higher tax bill. especially if they live in manhattan and connecticut. about tens ofng thousands of dollars if they earn $1 million or more. what we are anecdotally he

senator john cornyn with us. are you spice -- surprised by senator johnson's opinion? >> not really. ron has been very clear about the changes he wants in the bill. he wants to make sure that pass-throughs or people that pay business income on an individual tax are treated in rough parody or at least fairly compared to corporations. we've made some improvements in that direction. obviously we still have work to do. we're sort of in the middle of the ball game now. my hope is we can get him back. >> neil: this struck some as a bit surprising because the thought that it was risky to start looking at maybe taking out the individual mandate of the affordable care act. i know that offers a great deal of revenue for you to work with the next ten years, $330 billion and you had wider spread support than i thought was the case. i know lisa murkowski in alaska had concerns about the way republicans were going about the healthcare thing back a few months ago. she was on board with this idea. is everyone on the same page on that? >> well, repealing the regressive mandate tax, whi

>> the income tax liability for the household that senator cornyn described should be zero you aren't prese under present law and under the chairman's mark. >> that's the distinction he's making. we'll go both. five minutes. >> thank you, mr. chairman. first i commented on a question. this bill just gets worse and worse and worse. it was trickle down economics on monday, and then it got worse and more people were going to have to pay more on tuesday, plus now people losing health insurance and now today -- this is thursday right? they all bleed together. the sfakt that tod-- fact is th we now see the worst yet in terms of numbers. the broad point i would make is no matter how you cut this, this bill is about trickle down economics. it's about give-aways for the wealthiest americans, multinational corporations. most people, people under $75,000 a year, will pay more in taxes and many, many people will lose their health insurance. so you lose your health insurance to give trickle down tax cut to the wealthiest among us or you pay more taxes so that those who are the wealthiest among us

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. >> the second top republican in the senate, senator john cornyn has just come out in support of this idea, as well. the move could potentially kill two birds with one stone. first, it could keep the senate seat in republican hands potentially, secondly, it could pave the way for a new attorney general one who could oversee the russian investigation instead of having to recuse himself or herself like sessions. there is a chance it could backfire though by splitting the gop ticket because as of right now, moore is showing it absolutely no signs of giving up. >> after 40 something years of fighting this battle, i'm now facing allegations and that's all the press want to talk about. but i want to talk about the issues. i want to talk about where this country's going and if we don't come back to god, we're not going anywhere. >> with pressure mounting for the president to speak, i want to go to senior white house correspondent jeff zeleny joining us from the white house. what's the thought process behind the president's silence so far. >> reporter: good afternoon. president is definitely

here's john cornyn. >> mr. president, this week were engaged in perhaps the most momentous subject that we have dealt with in recent times. after 30 years, 30 years updating and reforming our nations convoluted, complex and self-destructive tax code. those interested in getting the yes vote will be casting a vote for growing the economy, voting for more jobs, voting for higher wages, voting for take-home pay. those who vote against it really saying yes to stagnant wages. less jobs, lower standard of living, and willing to accept reality that american jobs are going overseas because our country has the highest tax code in the civilized world. to bring the money earned overseas back home after pay double taxes. what people do is spend the money overseas and hire foreign workers and foreign companies rather than americans. they make things stamped made in america. this bill is about the dreamers and the doers the small businesses and hard-working families who need tax cuts and tax reform. it's about helping the mi

senate majority whip john cornyn talked about that bill and remaining issues the senate has to resolve before final passage. >> mister president, this week we are engaged in what is perhaps the most momentous subject we haven't dealt with in recent times and that is after 30 years, updating and reforming our nation's convoluted, complex and self-destructive tax code, those who are interested in getting the yes who will cast the yes vote will be casting a vote for growing the economy, voting for more jobs, voting for higher wages and voting for more take-home pay. those who vote against this endeavor are saying yes to stagnant wages. less jobs and lower standard of living, and willing to accept the reality american jobs were going overseas, our country has the highest tax code in the civilized world and to bring the money that is earned overseas back home you basically have to pay double taxes. what people do is what you would logically do, they spend the money overseas and hire foreign workers in foreign countries rather than americans and make things stamped made in america. simply st

cornyn: mr. president? the presiding officer: majority whip. mr. cornyn: mr. president, i'd ask unanimous consent that the quorum call be rescinded. the presiding officer: without objection. mr. cornyn: mr. president, as the world now knows, there was a tragic shooting in sutherland springs, texas, last sunday that took the lives of 26 innocent people and injured 20 more. on monday evening there was a prayer vigil for those victims where the community gathered to pray and to pay their respects to the deceased. there's two people in particular who were in attendance that i want to highlight. stephen willeford and johnnie langendorff. i mentioned them yesterday and perhaps you've seen them on the news, but i've been thinking a lot about them lately in addition to the tragedy, this was really one of the things that gives you a little hope amidst the terrible circumstances. stephen of course is the man who responded to the shooter's rampage by grabbing his rifle and running toward the church first ba

we've got senator john cornyn saying the senate will likely start from scratch with its own tax cut package. this as tomorrow marks the one-year anniversary since hillary clinton lost. it's been a year of the democrats blaming russia, james comey, wikileaks, but donna brazile says in her new scathing expose about the democrat party that it is the democrats themselves who are also to blame. a, quote, cancer at the center of that party that was hillary clinton's takeover of the democrat party long before she became the nominee. and now top democrats including tom perez, john poe december that, robby mook signed an open letter attacking donna brazile. she's punching back hard against her critics. roll tape. >> for those who are telling me to shut up, they told hillary that a couple of months ago. you know what i tell them? go to hell. i'm going to tell my story. elizabeth: the democrat party did lose 1,042 seats nationwide at the federal, state and local level under the obama administration. insiders say brazile is a cassandra warning that the same problems will pop up again in the midterms, a

texas senator john cornyn spoke to reporters afterwards. pomeroy andt pastor his wife, having lost their 14-year-old daughter, and to hear his inspirational words, i was standing in front of the church, comforting others. and he lost his 14-year-old daughter. it is remarkable. urged: pastor pomeroy those gathered to choose life rather than darkness. a memorial will be built on the site. morning in manila. police with water cannons and batons, dispersed protesters on the final stop of president trump's trip. he will hold a formal meeting .ith rodrigo duterte human rights groups have condemned his crackdown on drugs. more republican senators are calling on roy moore to drop out of the senate race. he is accused of a sexual encounter with a 14-year-old girl when he was 42. >> we will probably never know for sure exactly what happened, but from my point of view, you know, i have to say, i think the accusations have more credibility than the denial. kellye: a colleague of moore says it was then teenagers. he has vowed to stay in the race. he has

so this is a compromise between chris murphy and john cornyn. cornyn had to say about it earlier today. >> i think this represents some progress. we're not going to be able to stop all problems in the future but this -- problems like we saw in sutherland springs, terrible tragedies like that, i think could have been prevented. >> so again, this doesn't make changes to existing laws. it creates a system of insensitives and requirements to ensure that they are being fed the data that they need to work the way it was intended. steve? >> kasie hunt on capitol hill, kristen welker at the white house, thank you. joining me now is president of the american action forum, former chief economist on the president's council of economic advisers and former director of the congressional budget office. doug, i saw a quote for you talking about tax reform on capitol hill. the business community's interests, the idea that to the business community, this is a long overdue and they are excited about the corporate tax reduction. they say there's a willingness to ov

cornyn: i yield the floor. mr. markey: mr. president, last year chairman pai of the federal communications commission threatened to take a weed whacker to the f.c.c.'s net neutrality rules, and last week chairman pai and the f.c.c. are likely to make good on that promise. so last week they issued their plan. they're quite proud of it. chairman pai is very proud of their plan. so they got that done last week. and then on december 14, they are going to execute their plan to execute the net neutrality rules of of our country. net neutrality applies to palestinian-- toprinciples of b. ensuring that america's internet gatekeepers do not block or slow down or prioritize internet traffic. in 2015 the f.c.c. correctly adopted the open internet order, enshining these net neutrality principles into law. but now net neutrality and the free and ohm internet, this diverse, dynamic, democratic platform, are under attack. here's what chairman pai is proposing: number one, he would gut the rule against blocking. so what does that mean? well,

. >> cornyn. >> i saw him standing there come forreting others and he lost his 14-year-old daughter. it's remarkable. >> reporter: the church itself had reopened sunday. the interior has been painted completely wheat, the victims are remembered by 26 chairs each with a rose on it. on sunday one visitor said he was there to celebrate the living as well as grieve the dead. >> they don't stand alone. something like this can tear one individual up but it doesn't tear up a family. it doesn't tear up the hole. that's why we're here. >> reporter: the victims from the shooting began to be laid to rest this weekend including four on sunday. funerals for the rest will take place throughout the week. weijia jiang, cbs news, washington. >>> the memorial crosses for the victims of the las vegas concert shootings have been moved. the crosses were removed yesterday and will be displayed at a museum, part of a permanent collection. 58 people were killed when a gunman opened fire on concertgoers. >>> ahead on the "cbs morning news," gymnast alley raisman talks openly about being abused. and the healt

senate majority whip john cornyn addressed whether they should vote to expel him if he wins. even before the latest accuser came forward mitch mcconnell said he had heard enough. senator mcconnell said the party is exploring whether another republican could write in should moore win the rhace. >>> president trump is on his way home from asia. protesters took to the streets. mr. trump was there to attend a summit on regional security but he skipped it when it was delayed. this morning mr. trump tweeted, just arrived in the philippines for my final stop with world leaders. will lead to fair trade deals unlike the horror show from past administrations. the president also tweeted that he'd be making a major statement when he returned to washington. when he gets home the president will turn his attention to tax reform. he's scheduled a thursday meeting with house gop meetings before they vote on a tax overhaul pl mr. trump has his own calling for a steeper trax break for wealthier americans. the death toll from the powerful earthquake that hit the border between iran and iraq now

. >> in the last hour, governor, senator john cornyn spoke outside that service in sutherland springsnt to take a listen to that. >> the statement i hear most often is we need to do something. but here that something is pretty clear. we need to fix this broken background check system. i'll be introducing bipartisan legislation perhaps as early as tomorrow. my hope is that we can expedite consideration of this, get it into law and to make sure that this sort of thing never happens again. >> senator cornyn's legislation will include that the federal government is required to upload the conviction information it had on gunmen. what's your reaction to that? does this go far enough? >> no, it doesn't, and he knows it. let's be honest, he's one of the bad guys that wants to pretend he's one of the good guys. if he said no gun should change hands without a background check, i'd agree with him. if he said we should close the gun show loophole in this nation, then he's legitimately be a good guy. quite frankly he's in a sticky situation, his state is in an uproar and he's trying to have it bot