. >> host: maya t macguineas? >> guest: first he sit our group leans left it if you ask the left whether we left i promise you that that what the think. we are really nonpartisan bipartisan group i'm an independent. grover makes this point it's because we love government. i think the thing about fiscal responsibly is it has nothing to do with the size of government. you can be a big government fiscal responsible person or small government fiscally responsible person. it means being willing to pay things today rather than shifting the bill to our children. i think that is a principle we should be able to agree on a palm is oftentimes fiscal responsibility issues as defense. one party starts to talksp about it to keep the other party from enacting the legislation they pursue. in terms of grover norquist i would say it's a weakness in his approach to all of this which is always been he's asked for a big pledge no new taxes. if what youol want is small government and lower taxes, you don't get that by cutting taxes. y

. >> maya macguineas back at our desk. joining us this morning after the house passed its 2018 budget rose -- resolution, please explain where the budget goes from here and why this is important to the republican tax reform effort. >> it is very important to the tax reform effort. of course, passing a budget is also important for running a country. arehould be noted that we passing the budget after the fiscal year has already begun. this is way late in the process. i think that speaks to the problem that we often miss budget deadlines. and people here this month and they want to, but reconciliation, that is a process that allows senate to pass something with 50 votes instead of 51. it is expedited and easy to get things done. in order to have reconciliation, you have to pass a budget. right now, months late, the house and the senate are passing various budgets that include reconciliation instructions, although they are different, and the next step is they both pass them and have to reconcile them. meaning they come up with

host: maya mcguiness. macguineas. guest: first of all he said left -- the thing about fiscal responsibility is it has nothing to do with the size of government. you can be a big government fiscally responsible person or a small government fiscally responsible person. i think it is a principle we should be able to agree on. the problem is oftentimes fiscal responsibility is used as defense. 130 talks about it to keep the other party from an acting the resolution -- enacting the resolution date pursue. resolution may pursue. if you want a smaller government and lower taxes, you don't get that by lowering taxes, you get that by cutting spending and we are very open and supportive of cutting spending. unfortunately it is one thing we haven't heard about much at all. hegrover really wanted what said he wanted, he would put out a pledge that says no new spending. we continue to have a government that spends more and more because they don't want to pay their bills and they want to pay for fewer things. that means anybody tha

and kim jong uning and pyongyang maya macguineas on the republican tax plan an deficit. tomorrow on c-span "washington journal" newsmakers is next. enjoy the rest of your weekend and have a great week ahead. [captions copyright national cable satellite corps.2017] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> next, newsmakers with utah senator mike lee. then president trump outlines his tax reform goals in a speech in indianapolis. after that, house and senate republicans and democrats discuss tax reform legislation. >> so this is what churchill faced when he came to power in those awful days in may of 1940. practically from his first day in office, he begged franklin roosevelt for help to stave off hitler. but the president was very aware of the isolationist mood of the country and even though he really wanted to help save britain, he was very cautious. he didn't want to get involved in this war if he could help it. besides, most people in washington, including him, were pretty

and later, maya macguineas of the committee for a responsible federal budget looks at the national debt always, we take your calls and you can join the conversation at facebook and twitter. washington journal" is next. [captions copyright national cable satellite corp. 2016]] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> there's been a tragedy in las vegas. a gunman has shot dead 50 people, at least and has wounded at least 200 people at a concert on the strip. the shooter has been killed by police. police are looking for a roommate of that shooter for questioning. there's plenty of reaction and video coming in from some of the bystanders on the scene there in las vegas and from official folks in nevada. and we want to get your reaction to this shooting which is being called now the deadliest mass shooting in u.s. history. at least 50 people dead, 200 people aas

. >> maya macguineas back at our desk. joining us this morning after the house passed its 2018 budget rose -- resolution, please explain where the budget goes from here and why this is important to the republican tax reform effort. >> it is very impnt

host: maya mcguiness. macguineas.uest: first of all he said left -- the thing about fiscal responsibility is it has nothing to do with the size of government. you can be a big government fiscally responsible person or a small government fiscally responsible person. i think it is a principle we should be able to agree on. the problem is oftentimes fiscal responsibility is used as defense. 130 talks about it to keep the other party from an acting the resolution -- enacting the resolution date pursue. resolution may pursue. if you want a smaller government and lower taxes, you don't get that by lowering taxes, you get that by cutting spending and we are very open and supportive of cutting spending. unfortunately it is one thing we haven't heard about much at all. hegrover really wanted what said he wanted, he would put out a pledge that says no new spending. we continue to have a government that spends more and more because they don't want to pay their bills and they want to pay for fewer things. that means anybody that

betty: maya macguineas, the committee for a responsible federal budget.ow, you can get a round up of that story and many more you need to know to get your day going in today's edition of daybreak. bloomberg subscribers can go to dayb on their terminals and it is available on mobile in the bloomberg anywhere app. you can customize your settings so you only get the news on the industries and assets you care about. as is bloomberg. ♪ betty: this is "daybreak asia." i am betty liu in new york. yvonne: i am yvonne man in hong kong. banks are ready to channel hundreds, possibly thousands, of employees out of the u.k. for the combined brexit bill. asare told costs are soaring londoners find it more difficult to persuade staff to move abroad. they predict a shortage of experienced workers after the split. is said to have signed a lease in frankfurt, making it one of the first foreign banks. japan's second-biggest lender is powere one in your mind in the financial district and plans to put as many as 100 people there. the tower's website that each has 1200 sq

reform plans this morning, we're joined by grover norquist, president of americans for tax reform, maya macguineasay, guys >> absolutely. >> grover, between this development regarding a fourth bracket and some of the reports that suggest the way they might carve up salt and last night, how much easier did this get >> well, with last night, we assured that we will get corporate rate down to 20%, that we're going to get rid of the death tax, that we're going to go to full business expensing for five years all of the major parts of tax reform will be enacted and you saw the senators rand paul, who voted no on the budget, announced he's all in for tax reform susan collins, the people had wondered about, has said she wants to get to tax reform so all of the senators who you thought, maybe they could do to tax reform what they did to health care reform, they have all announced not happening. the conservative caucus in the house is in. we'll see tax reform sooner rather than later. i mean, this process moves it up about three weeks. >> are you more worried, grover, about the murkowski/collins, that trium