lowering the corporate tax rate by taking away that credit ♪ >> there's the president entering jay timmonsourse, of the national manufacturers association shaking his hand we'll have to hear if he gives us specifics about state and local, the degree the administration is willing to bend on some of those things, mortgage interest, repatriation, pass-throughs. we'll learn a lot hopefully in the next few minutes let's listen to the president. [ applause ] >> thank you very much thank you very much. taking up a lot of television time, but that's okay. thank you all very much. it's great to be here with the national association of manufacturers, and i especially want to thank your president, jay timmons, and your chairman, david farr, along with all of the members of congress that are here today they are working hard, i will tell you that. i'd like to begin by sending our thoughts and prayers to the people of puerto rico, who have been struck by storms of historic and catastrophic severity people have never seen anything like this. we have undertaken a massive federal mobilization to assist pue

i especially want to thank your president jay timmons, along with all of the members of congress thatre here today. they are working hard, i will tell you that. i would like to begin by sending our thoughts and prayers to the people of puerto rico, who have been struck by storms of historic and catastrophic severity. people have never seen anything like this. we have undertaken a massive federal mobilization to assist puerto rico, including the presence of over 10,000 federal personnel, including 5000 u.s. military and national guard personnel led by a very strong and talented three-star general. all appropriate departments of our government from homeland security to defense are engaged fully in the disaster and the response and recovery effort. probably has never been seen for something like this. this is an island surrounded by water. big water. ocean water. we closely coordinated with the territorial and local governments which are totally and unfortunately unable to handle this catastrophic crisis on their own, just totally unable. the police and truck drivers are very substantial

jay timmons and ron isana.hank you. >>> turning to hurricane maria listen to what lieutenant jeff buchanan says with our contessa brewer a short time ago? >> it is like anatomic bo atomib went off >> now lets bring in contessa. >> reporter: well, it is no wonder he thought that he was in harvey and taken some leads there and irma this is so widespread on an island of 3.5 million people when he comes in and compares the damage, there is a lot of work to do and that's going to take time. people here have been ten days without running water or power and access to cash and food and medicine their pay sentience is running n he has a plan to break up that law jam. they have been air dropping supplies to get pass roads and they had 25 helicopters and next week they'll have 52 helicopters. they're trying to source local drivers to put behind the wheels of these delivery trucks to deliver everything from food and water and diesel the restrictions are lifted on how they're going to deliver these diesels. they'll put on f

vonnie: that was jay timmons, the ceo of the national association of manufacturers. with tax reform in a moment but a quick headline. the president said to have met fed chair contenders others in the last day or two. some of the contenders in the headlines were people like john taylor, john allison, glenn hubbard, this is awfully back of the news that the administration officials said that kevin warsh was interviewed by the treasury secretary and the president. heating up at the white house to see who may be the next fed chair. for more on tax from work let bring out a partner in tax services. your clients looking at what we are now seeing as broad outline, the ninth eight document -- nine page document? >> we see a lower top bracket of 35%, but a hint there would be another bracket added for high income individuals. we do not know what the bracket may start at. we hear maybe $1 million of income. we see a tax cut from 39.6% in the top bracket to 35%. we are paying for that by losing itemized deductions. the deductions that seem to be protected right now our mortgage

i want to thank president jay timmons and you are chairman david far along with all of the members of are here today. they are working hard. i would like to begin by sending our thoughts and prayers to the people of puerto rico, who have been struck by storms of historic and catastrophic severity. people have never seen anything like this. we have undertaken a massive federal mobilization to assist puerto rico, including the presence of over 10,000 federal 5000 u.s. including military and national guard a very strongby in talented three-star general. all appropriate departments of our government, from homeland security to defense, are engaged fully in the disaster and response and recovery effort, probably has never been seen for something like this. surrounded byand water, the water, ocean water. we are strongly correlated with the territorial and local governments, which are totally and unfortunately unable to handle this catastrophic crisis on their own. totally unable to. the police and truck drivers are substantially gone. of theirtaking care families and largely unable to get in

i especially want to thank your president jay timmons and your chairman david farr along with all of today and they're working hard, i will tell you that. i want to send out the prayers to the people of puerto rico who have been of severitseverity. people have never seen anything like this. we've assist ed puerto rico. of over 10,000 personnel including national guard personnel led by a very, very strong and talented three star general. all appropriate departments of our government from homeland security to defense are engaged fully in the disaster and the response and recovery effort probably has never been seen for something like this. this is an island surrounded by water, big -- with the territory and local governments which are unfortunately not able to handle this crisis on their own. just totally unable to. the police and truck drivers are very substantially gone. they're taking care of their families and largely unable to get involved, largely unable to help. therefore we're forced to bring in truck drivers, security, and many other personnel by the thousands. and we're bring

with you, national association of manufacturers and i especially want to thank your president, jay timmonsur chairman, david farr, along with all of the members of congress that are here today and they're working hard, i will tell you that. i would like to begin by sending our thoughts and prayers to the people of puerto rico who have been struck by storms of historic and catastrophic severity. people have never seen anything like this. we've undertake an massive federal mobilization to assist puerto rico, including the presence of over 10,000 federal personnel, including 5,000 u.s. military and national guard personnel, led by a very, very strong and talented three-star general. all appropriate departments of our government from homeland security to defense are engaged fully in the disaster and the response and recovery effort, probably has never been seen for something like this. this is an island surrounded by water, big water, ocean water. we're closely coordinated with the territorial and local governments, which are totally and unfortunately unable to handle this catastrophic crisis

. >> when we come back, national association of manufacturers jay timmons calling congress to step upimmigration reform and says daca is not the pblroem a lot to watch today we're back in a minute dynamic performance, so you can own the road. aggressive styling, so you can break away from everyone else. the bold lexus is. experience amazing. if they knew just howers rich they were.ed the average american home value has increased $40,000 over the last 5 years. but many don't know you can access that money without refinancing or selling your home. with a home equity loan, you can pull cash out of your house for anything you need- home improvement, college tuition, even finally getting out of credit card debt. come to lendingtree.com to shop and compare home equity loans right now. because at lendingtree, when banks compete, you win. looking for a hotel that fits... whoooo. ...your budget? tripadvisor now searches over... ...200 sites to find you the... ...hotel you want at the lowest price. grazi, gino! find a price that fits. tripadvisor. people don't invest in stocks and bonds. they d