formgovernor senator judd gregg.'s talk about it. >> all at once >> they mash it altogether what's happening behind the scenes >> they're waking a deal they will reach an agreement >> for the government funding or tax bill >> for both. the tax bill will begin in '18, they need the bang that will come from the corporate side for the economy going into the elections. it's real-world politics right now we're in a period called survival politics >> what does that mean >> republicans know they're in deep trouble if they don't do something and do it fairly quickly and have it be reasonably substantive they will get torched in the next election >> either way. it's not a popular thing >> appears that way. the only option is do something to avoid that. a significant tax reform bill, this is tax reform on within side, the other side it's chaos. on the individual side it's chaos. corporate side it's tax reform >> why not just pass the corporate side why wrap the individual side into it? if the individual side is a mess, there's

judd gregg has seen it from both ann's of the telescope. as as a of the telescope as senator and governor. you said basically this was a good idea. the cutting of the corporate tax rate, you have expressed some reservations about how the personal income tax was handled. what would you have rather seen? something like the reagan-rostenkowski activities in 1986. were you radically reduce top rates but eliminate many more deductions and exemptions. i think that causes individuals to investor return, which is a much more efficient way to use dollars rather than invest to avoid taxes. that should be one of the goals of tax reform. people investing is capital effectively versus investing for the purposes of avoiding taxes. that was my disagreement with the individual side. for the corporate side it's a huge boost. this is a major win for the american economy, american jobs and how competitive situation internationally as a result of the change in the court of laws. -- corporate laws. david: they came with a price for the deficit. we can go back-a

first with senator judd gregg and then with a member of the president's cabinet, dan coates. now, the majority leader likes to talk about how nobody is interested on this side in bipartisanship. when democrats laid out their principles, the first think we said is how important it ought to be, that we focus on bipartisanship. and that letter was shared with the republican leadership. then you have the group of moderates. then you have the actual bills that were written. so this idea advanced by the republican leadership that there was no interest in bipartisanship just does not resemble reality. and by the way, a lot of senators here know that we've got a pretty current example, the 2015 tax bill. just a kind of model of what you can do. both sides had good ideas. bipartisanship is not about taking each other's dumb ideas. anybody can do that but the 2015 bill, my colleagues on this side said the earned income tax credit ought to be expanded. and we wanted the child credit and the american opportunity tax credit. and the republicans led by my distinguished colleague, senator h