but the national association of home builders jerry howard said he couldn't do that. mortgage interest deduction treated like it is right now just makes this unworkable. a credit going away that would address that. the fact that speaker paul ryan and others that oppose that, that's that. jerry howard with me earlier today. >> changes to the code water down and dilute the mortgage interest deduction that to the point the only super wealthy will take it. we don't think it's a good expenditure of the tax dollars. we went to chairman brady, we proposed a credit instead of a deduction, a credit, the benefits which would largely be enjoyed by the middle class. spur investment in housing. good social policy. costs less than the diluted mortgage interest deduction. we thought it was a great idea. i know chairman brady liked the idea. i think the speaker likes the idea but somebody said no. we have to walk away. >> neil: the credit idea would be a set dollar amount or just for different income groups? >> it's a set dollar amount with a cap on it. >> neil: in addition to doubli

jerry howard explains. president trump's former campaign manager paul manafort partnerbusiness appeared completing not guilty to. brought by special counsel robert mueller. george papadopoulos, the for policy advisor to the trump campaign pleaded guilty weeks ago and has been cooperating with the probes. as go to kevin cirilli with outside the courthouse for the very latest. a backdrop as we look into and consider paul manafort's lawyers saying this has nothing to do with the campaign whatsoever. was a brief statement given by paul manafort to president candidate donald trump. president trump tweeting out earlier today that there was no collusion. says theyabee sanders believe there was no evidence of collusion found in the indictment. but this 31 page indictment suggests the investigation continued well into president trump's first few months in to office. the white house also trying to distance themselves from that. there is no question mr. men have aand mr. gates did side with the administration. i spoke

jerry howard, national association of homebuilders ceo, thank you very much. that is a big seminal development, folks, when you have the head after very important homebuilder's association as things stand now i can't support this. you heard the other ripple this, the corporate tax cut would be phased in over number of years, up to five years, bringing it down from 35% to 20%. finally competing, this try tech at that, notion relief for -- try tech tax relief for upper income would not be relief, lose treasured deductions but their rate up. writeoffs, allowances, corporate rates, how they will be phased in, phased out, et cetera, we won't know officially until wednesday, hearing this all now, has markets shall we say, nervous. more after this. neil: all right. you just heard from the guy who heads the national association of homebuilders we're not budging. their view we don't like the tax bill, because it doesn't carve out enough for mortgage tax deduction, even with doubling of standard deduction. that is among some of the factors roiling stocks right now. prob

jerry howard, and over the weekend says they are going to oppose tax reform in washington.licans wanted those guys on board. the builders. what are you hearing about the industry's reaction to the proposals in tax reform? >> they've been lobbying for quite some time. they don't like to things. they don't like the state income tax deduction witching with property taxes and they don't like the fact the standard deduction is going up in the mortgage deduction not going away. they've been trying to negotiate some credit which may be applicable to lower income americans in the field via mortgage deduction something they can see on their tax deductions and will distance the device people to buy so they are not loving the new tax package even though the homeowner deduction is not going away. >> we should say really quick new york, new jersey, those are the lawmakers pushing to leave the mortgage alone. it really penalizes people in the systems. >> comes a more expensive which means the interest rate would be higher. so it's a combination of the two, which really gives that the deb

that was jerry howard. julie, prosperity, south carolina. joy, prosperity, south carolina. she has left us. you can get your calls in, under the age of 40 (202) 748-8000. 41 to 65. (202) 748-8001. over the age of 65, (202) 748-8002. haley, her diplomatic mission to africa. once was brought to tears. she illustrated her position and relationship with the president. trump talks with her about matters of affairs. there is widespread speculation that she could be in line to replace tillerson. has put her on the short list as a potential for vice presidential candidate. caller: i decided when i was going to be an employee, i was going to be an insurance agent. served to livest means.your you don't have to become an agent, but it will teach you all of the past laws, current laws, and future things to expect. when you have a 401(k), when your company goes out of business, if you quit or get laid off and you have had a ,01(k) and you borrow from that if you become unemployed, that 401(k) money you borrow it becomes due and payable at that time. theyu can't pay it back, will take 50