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both projections were made before kevin brady released text for the legislation monday.ongress is expected to rip -- soon release more detailed numbers. supports the move, tell us why. caller: i think it has been a great help to us and our children. host: great help how? caller: what? host: how has it been a great help? give us an example. caller: our taxes have been lowered. our children's taxes have been lowered. estate tax is wonderful, cut it in half, or whatever. we work so hard to save our money for our kids. i don't need to give money away to some but he else. host: when it comes to these tax cuts, whether they should be made permanent. if you support the move it is 202-748-8000. if you oppose the move, it is 202-748-8001. if you are not sure, 202-748-8002. florida. up next from he supports this effort. go ahead. caller: good morning. i will tell you why i support the tax cut. let me turn this tv down. , well, there is a variety of reasons. the principal reason i support , if it continues as , itised by president trump will bring industry -- american industry, it

house tax committee chairman kevin brady plans to put the bill to a committee level vote on thursdayted by october 1st. the bill would likely be dead on arrival in the senate where democrats have the votes to shoot it down. several key figures mentioned in bob woodward's explosive new book, "fear," are pushing back while chris christie is upset claiming woodward never reached out to him to fact checkbooks involving the former governor. the book claims during the campaign trump lashed out at his then transition chief saying where the "f" is the money. i need money for my campaign. i'm putting money in my campaign and you're f'ing stealing from me. christie issued a series of tweets including this one blaming steve bannon for fanning the flames. if mr. woodward would have performed rudimentary intelligence gathering he would have had a better book. >>> coming up on "morning joe," hailing the hurricane maria response as one of the best. more on the fresh backlash president trump is facing for his self-assessment on the federal government's efforts in the wake of that massive storm as pa

kelly: i yield three minutes to the chairman, kevin brady, the gentleman from texas, the hero of the tax cuts and jobs act. the speaker pro tempore: the gentleman from texas is recognized for three minutes. mr. brady: i rise in support of this act. thank you to chairman kelly for leading this important bill. that helps families saving earlier and save more throughout their life. something each party should be in support of. far too many have struggled to save for key life events for retirement, educational, unexpected emergencies. i know back home almost 40% of americans say they wouldn't even be able to carry and cover a $400 emergency expense. the promoting family savings act will help more middle class americans and younger workers ave for key life events by spending access to new and existing savings vehicles. for example the bill includes expanded education savings accounts, 529 accounts as we use in our family, to give families the flexibility to use their education savings to pay for apprenticeship fees for those trade schools, to cover the cost of homeschooling, and to help pa

. >>> kevin brady, the man leading the charge on tax reform 2.0 your money on the line >>> on-demandng a $300 million funding round valuing the company at just over a billion dollars granting it that legendary unicorn status joining us in a broadcast exclusive is co-founder and ceo. good to have you back. congratulations. tyinger? >> tiger, yeah >> what brought them in? >> i think they like to pick winne winners. >> be more specific. how long has this been in the works? >> it happened quick tiger led one of the previous rounds with a small amount and a couple weeks ago i was approached and said i'm looking at the fundamentals of the company. i think it's time to accelerate the growth we have worked on our drought efficiency and then the whole thing happened extremely fast. >> he's joining the board? >> he's joining the board. >> how does that change things >> i don't think it will change a lot. he's very familiar with the company and i think we'll continue to do what we do best, execute in a competitive space >> we talked a couple months ago and door dash has also raised a whole lot

expect that that was really impactful in terms of economic growth, all of that coming up joining me kevin brady will tell us the reality of that tax cut 2.0, virginia congressman dave brad is here along with dallas federal reserve president and ceo robert kaplin gives us his take, real housewives of new york and be strong relief organization, beth any frankel stops by this morning, don't miss a moment of it, we are coming for four hours, a lot coming up, so do join us, kick it off right here, the carolina coast hurricane florence is about to make landfall bringing with it rather terrain and powerful storm surge, jeff flock from carolina beach, north carolina this morning, jeff, good morning to you. >> good morning, maria, there's more to come, it'll make landfall to north, we have a long way to go with the storm, south of us myrtle beach, this should be quite a day out here, fortunately the good news is a cat 1 storm, the wind problem would not be as great however as dagen pointed out, the water, that's the big issue. i would point out that the waves behind us the way the storm has come in, bei

again, chairman kevin brady, the house ways and means committee led this effort.again it is not expected to go anywhere. republicans use it on the stomach to say they're pursuing it. doesn't look like the senate will take it up. >>> there is tesla, what is going on here, looking at the worst trading day in five years. charlie gasparino is the reason why. he is on top of it. >> well we were talking about mr. kavanaugh hearing yesterday, while the other big news yesterday elon musk is phasing fraud charges over his funding secured tweet. we were the first to break the story that the sec launched aning aggressive investigation with subpoenas that whether he had funding secured to take the can for 420 was secured. a week before that the sec sent out those subpoenas. in about six to eight weeks the sec wrapped up an investigation that included taking depositions, sending a wells notice where you give the target a chance to say, don't charge me. and filing the paperwork. that is extremely fast. that means they believed they have got this guy nailed and they think it is

kevin brady at the house ways and means committee says this could be rolled out, maybe, two or threehanges at a time. not all in one baggage. what is tax reform 2.0? as you mentioned to lock in the middle class tax cuts that do expire after 10 years at 1 1/2 trillion dollar tax package. also to encourage more savings for 401(k)s. 20% of americans don't have any thing saved for retirement in their retirement funds? that is what they want to encourage as well. trish, they might want to cut the corporate tax rate one more% to% in the future. trish: stay with with me, susan. we have the "wall street journal's" jon hilsenrath. >> hey trish. trish: when he don't have the create details do you think everyone will get this or directed to the middle class? >> frankly i don't think anyone will get out of this. the house is moving forward but the senate would need to come up with 60 votes to pass it into law. they don't have those 60 votes at this point. you know it, would be very difficult. trish: midterms help or change that? >> i'm sorry, i didn't catch that? trish: could the midterms perhap

. >>> and kevin brady will talk to us about taxes 2.0 we'll get the chance to ask him if he wrote thee is saying they didn't write it. >>> and we have scott gottlieb, the head of the fda, the commissioner there, dr. scott gottli gottlieb he threw out an interesting statement at a conference that kicked things into a fury when it comes to almond milk, soy milk, he said as far as he knows almonds don't lactate that has all kinds of people in the industry worried about what will happen he said they will be looking to modernize standards for when you can call milk milk if it doesn't lactate, is it milk >> with representative brady, on a serious note, maybe -- i would love to hear his views on if he thinks the oil thing is slowing down houston is his district. it's still an oil town >> i know. the tides rise and dip along with oil and everything that happens. you want me to ask him if he's seeing a slowdown? >> yeah. if things are good or not. >> okay. will do. >> your requestis my command >> on this jobs thursday thank you. we'll be right back with your morning rbi and compare retail to m

we had house ways and means committee chair kevin brady saying the holdups are things like dispute resolution and dairy trade. you think we're closer rather than further on a deal with canada finally? >> i'm hopeful that we are close to a deal with canada. i think canada probably is in a position to make some concessions on the dairy issue. they have made some concessions in the context of the trans-pacific partnership negotiation so there's no reason they can't make concessions there. and on the dispute resolution, the concern is over chapter 19 in nafta. that has to do with counterv countervailing duties and we just had a recent case related where the u.s. international trade commission decided in favor of canada on a case involving newsprint. so there are other remedies available to canada than this chapter 19 and nafta. liz: warren buffett mentioned that to us in our interview one-on-one last week. he said the newspaper print, we need it from canada. we will be watching it. thank you so much for joining us. as the market waits and watches, it could seem that sort of long-term -- initial s

i want to thank my friend and fellow texan, chairman of the house ways and means committee, kevin brady, for leading the charge. the central component of tax reform 2.0 is making tax relief for lower and middle income families and small businesses permanent. in the first round of tax reform we cut taxes for individuals and small business owners, doubled the standard deduction, and doubled the child tax credit. however under current laws, these provision and others are set to expire in 2025. we don't need to wait until the last minute to prevent americans' tax from going up. we can make tax relief permanent now. that's what tax reform 2.0 comes in. according to the nonpartisan tax foundation, making this tax relief permanent will grow the g.d.p. by another 2.2%, boost wages, and create over a million new jobs. this on top, again, of the significant gains we have seen and experienced from tax cuts and jobs act. making tax cuts permanent would also allow americans to plan more confidently for their future. whether that's putting more money away for their kids' colleges, or setting more mon

chairman, kevin brady joining is chairman of house ways and means we take a break the fury of florenceoding. we'll be right back. nce asked: when it comes to managing your type 2 diabetes, what matters to you? you got a1c, heart, diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease, significantly reducing the risk of dying from a cardiovascular event and lowering a1c, along with diet and exercise. this really changes things. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call

until he has 60 votes to pass them that doesn't look like it will move forward in the senate but kevin bradyaying he is hopeful it could see bipartisan support. back to you guys >> thank you for the update. >>> we'll find out how the government is preparing for hurricane florence stick around we'll be back after the break. dow is up 111. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flights for us. so i'm more than confident. kayak. search one and done. what do advisors look for don't just track an index, help me meet a client's need. is the fund built to sell or built to last? etfs are only part of a portfolio. so make it easy to explain. give me a quality fund that helps me get clients closer to their goals. flexshares etfs are designed and managed around investor obj

we got kevin brady joining us on the set to talk about taxes 2.0. "squawk on the street" begins right now. ♪ good tuesday morning, i am carl quintanilla with jim cramer and david faber. the white house announces new tariffs on chinese imports futures are higher despite warning from chinese u.s. manufactures and farmers voices concerns as the u.s. moves to slap 10% tariffs on billions more in chinese goods >> worrisome to everyone fedex missed the quarterly expectations the review is in looking at app apple's most valuable products >> the market is shrugging off the president's announcing china says it has no choice but to retaliate wilbur ross down play such a threat earlier this morning. >> china does not have enough imports from us to make a reciprocal tax china will sell less than $150 billion a year. in that sense, they're out of bullets. they go onto say because the prices are spread over thousands of products, nobody will actually notice at the end of the day. he's right >> i think he's right. i think -- are you looking at my haircut? >> just

[applause] our next finalist is janet qureshi, director of case management for representative kevin brady. janet has spent more than 20 years working for congressman brady, having joined him first during the state legislature. in 2011, the montgomery county women's council honored her as a woman of distinction. many letters to the editor and news articles in texas have recognized her for her outstanding constituent service. including one example that detailed her efforts to obtain the release of a constituent wrongly imprisoned in the dominican republic. janet is also working closely with the lone survivor foundation, helping veterans needing government assistance. congratulations, janet. [applause] tracee sutton is the legislative director for senator heidi heitkamp. she started as an and turn on capitol hill, rising to legislative director in the united states senate, and for 24 years has served congress. she has a myriad of legislative achievements. just recently securing permanent flood protection for north dakota communities, as well as negotiating an understanding between fema and t

kevin brady who defended that decision despite objections from his colleagues in new york and new jerseyr day, if we unlock the cap on salt, half of that goes to households of a million dollars or more. most of it to the top 1% we think tax relief ought to occur in the middle class. >> the ways and means committee is expected to vote on that package of bills this afternoon. it's expected to pass and then head to the house floor by the end of the month guys, back to you. >> ylan, thank you >>> coming up, david tepper says the president's take on -- he sat down with scott and he'll join us next with more. >>> plus, no man is an island but chef jose fed an island. his days and weeks and months in puerto rico while he was cooking for victims of hurricane maria he'll join us live, ahead. >>> the leaked google video that is helping conservatives make their case a liberal bias what was said in the video and much more on the floalut coming up "power lunch" is back in two >>> welcome back to "power lunch" hedge fund david tepper sat down a short while ago here on cnbc. a lot of market headlines f

i think kevin brady is exactly right. i think there may be a vote. i'm not 100% sure. there may be a vote. i don't think it will pass it'll get through the whole congress it's a good message. i think we can do more on tax reform going down the road >> the yoint committee on taxation has looked at tax reform 2.0 and says it will add over ten years, something like $657 billion to the deficit. they also say that the deficit would be $1.8 trillion under that law instead of $1.5 trillion under current law by the year, i think, 2028. do you quibble with those numbers? >> always. >> that was a setup. >> even the $1.5 trillion which is the agreed upon, as i said, with the new revisions and the nominal gdp baseline, the real gdp baseline, the revenue baseline, we've already paid probably even by cbo's estimates roughly two-thirds of that whole tax cut. one of the wonders of washington are these models, the debate about static versus dynamic scoring and that debate may never be settled when candidate trump spoke to the economic club, i was sitting right behind him that day. as a

text actually means is it bullet points, is it a detailed outline when i spoke to representative kevin bradyterday, who was chair of the ways and means committee, he said that he expects to see the actual written legislative text of a deal that congress would have to then approve at some point in order for it to move forward. >> why, michael, has the stock market seemed to step past all of this trade turmoil? >> you know, the stock market has stepped past most of the noisy headlines that are out there. i think maybe based on the north korea example, that somehow in spite of all of the bluster we're going to end up in a decent place i've known bob lighthizer personally over ten years. very bright, very reasonable, effective, efficient kind of a guy. frankly, i can't imagine how you have a nafta without canada, but it's -- >> it's a pretty big country up there. >> they take up a lot of space, pretty good business trading partner with us. but it does sound like the door is open and it puts pressure on canada saying we will do this without you. but here you go. you can join in, but we're very se

we got kevin brady joining us on the set to talk about taxes 2.0.morning, i am carl quintanilla with jim cramer and david faber. the white house announces new tariffs on chinese imports futures are higher despite warning from chinese u.s. manufactures and farmers voices concerns as the u.s.

especially house republicans kevin brady the house ways and means committee trying to push tax cuts 2.0 through this month. actually going to further extend benefits to the middle class. you look at 401(k) plans creating universal saving accounts and other ways i can make tax free withdraws and contributions to 529 college education plans. you want to take advantage of this if this goes through that you can have these tax free savings built up over time. that's what you want to do. steve: let's see what they do on capitol hill u good news for the middle class. heather zumarraga joining us from d.c. >> thanks, steve. steve: 6:20 in new york city. this disgusting image found in one american town. flags uprooted from the ground and something bad happened to them. we will kind of tell you a pro-trump college students under fire again. why a professor just gave conservative students a lesson on why they are racist. a student from that college comes in next fu♪ meningococcal group b disease, or meningitis b, is real. bexsero is a vaccine to help prevent meningitis b in 10-25 year olds. even i

that makes the tax cuts permanent, that vote will happen on friday, that bill will pass, chairman kevin brady this forward so that not only did we get historic tax cut where middle class families the economy is booming you are seeing profits up, more hiring, but now let's make this permanent let's double down on success. >> you had a good showing yesterday, in gallup in terms of of the gop favorability ratings how are you feeling he going into midterm elections is nancy pelosi going to be next speaker of the house sir? >> she is trying to we are not going to let her it is close there are a lot of close races we have a booming economy behind us with agenda getting our economy moving. >> good to see you thanks so much. >> keep it going. >> steve scalise, back in a minute. because he hid his customers' gold in a different box. and the bandits, well, they got rocks. we protected your money then and we're dedicated to helping protect it today. like alerting you to certain card activity we find suspicious. if it's not your purchase, we'll help you resolve it. it's a new day at wells fargo. but it's

>> well we are still working on tax cuts 2.0 tomorrow kevin brady committed ways and means will starte got to hold house but if we get in other somewhat seats i think we will go back to health care obamacare is getting worse there is no private marketplace for families out there, our bill that we almost passed we passed in it house by one vote failed in the senate by one vote, that lets get that bill passed on president trump's desk you literally trans form health care, and allow people to have choices. for health care at lower cost, trans form medicaid, by the way, the most failed part of health care, to governors can run it better than washington, then get spending under control a growing economy you are going to continue to see more jobs, higher wages, these are remember good benefits for middle class families people left behind elected president trump actually biggers winners from tax cuts that is growing, the federal treasury continue to get that growth work towards balancing federal government budge. >> you doubled standard deduction you would expect everybody feeling impact the

cuts from last year's gop reform bill, i spoke with president trump and house ways means chair kevin brady over the summer who both felt confident in a second round of tax cuts. >> we are doing a phase 2, we will be doing probably in october, maybe a little sooner than that and it'll be more of a middle class, we did a lot for the middle class but this would be more aimed at the middle class, one of the things we are thinking bringing 21% down to 20. maria: you are on track for september vote? >> we had a great meeting with the t yesterday getting on the same page on what we see for 2.0 and the timetables, those interviews were in the summer, in july we have seen impact from the tax plan, do we see an even bigger impact on markets if we see tax cuts 2.0? mike: i think the market has priced a lot of this in. i don't think if this passes it will have major upside in the market, ultimately the gdp growth that we are seeing is allowing the administration to feel confident in pushing forward on tax cut 2.0. i think it's good for all parties involved. as long as we have growth to support it will

many of you may know steve did not know at that moment, but kevin brady, patrick and i, sitting with the doctor, waiting for jennifer to arrive, we celebrate him coming back but we didn't know that he was even going to make it. steve and i have been friends for 20 years, long before we entered this floor. but steve always had the strength and cuverage and this is the example for a public servant and for all of us and i'm so glad that steve is back with us and i yield back. i yield. i will yield. mr. hoyer feather i'll ask the majority lead aeroquestion to make sure we understand the schedule but before i do that, i want to join the majority lead for the saying how pleased we are that steve scalise not only came back but is making such a positive contribution to the congress of the united states. i want to say to steve that when he came back , he gave one of those talks that i will always remember. his gratitude for the care of so many people around the world for a member of our body and i want to thank him for his friendship and working together. hopefully we'll continue to do so, ho

about risotto and water that came in earlier on today for this evening is kevin always going to go to the capable hands of colin brady for the next six hours in the next up. to public will. when the really close is project. see. all of the innovations like the like button is a way to turn one on nearly be productive workers creating wealth for themselves into slave labor creating wealth for mark zuckerberg this is all about neo slavery and this is all about the robots who are taking all the productivity and passing through labor arbitrage to the pockets of the tackling.

brag news tax committee chair kevin graddy says the house will vote friday on making individual tax cuts permanent that is the tax cuts 2.0. the vote friday, about mr. bradyram on friday no word on the timing of the actual vote. check the big board very, very mod fest gain ahead of the feds likely rate increase this afternoon. we're up 30 point for the dow. the price of oil this morning 71 dollars per barrel down a fraction. exxon and chevron those stocks are down just a little bit today. last hour, president trump said every auction is on the table with respect of venezuela. roll tape. >> i just want to see venezuela straightened out. i want people to be safe. we're going to take care of venezuela. we're going to take care of venezuela what's happening in venezuela is a disgrace. if he's here he wants to meet, i don't -- it was not on my mind it was not on my plate but if i can help people that's what i'm here for. >> let's bring in mary o'grady wall street journal columnist. what do you think mr. trump are is trying to do here? >> well, i think the end game is regime change for sure. oh, yeah. for sure. but not necessarily i think that the important dis