segue into our guest, roger altman. let's talk taxes.ou said there is a 70% chance it is going to go through. are we going to get tax reform done this year? roger: no, i don't. the chances for a bill next year are a little bit that are then the alternative, no bill. 55 -- orot say it is 6040. i do not the give a happen this year and i do not think anyone else does this year. betty: why? roger: i do not think the house and senate will be able to reconcile their differences and it is not clear which bill the house version, the senate version, or which conference committee version of the compromise will be able to garner 52 votes -- 50 votes plus one in the senate. is republican strategy rather understandable. it is to pass this on the same republican on the -- only basis which they tried to use with the repeal of obamacare. that is going to be challenging when you have a two vote margin in the senate. the ceiling is kept in the senate bill for the estate tax. they have very little room to work with and i do not think they will reconcile th

rishaad: roger altman there, ever core down there on "daybreak asia."m choking new delhi. can the indians learned some lessons from the chinese? that is next. this is bloomberg. ♪ ♪ rishaad: turning to india, smog levels remain a severe in new delhi, having hit record levels in giving the city and unwanted title, even more polluted beijing. they have taken emergency measures coming footing sprint and water on roads and banning construction activity -- measures, including sprinkling water on roads and banning construction activity. how bad is it? the pollution levels we are seeing in delhi right now, the critical part is something card particulate matter, the particles hanging in the air -- something called particulate matter, the particles and he in the air -- particles hanging in the air. levels either close to 1000 or higher than that. it has been consistently above the hazardous level. is smoggll the -- it y. you don't have a clear, sunny day. it is really tough to breathe. haidi: and of course, just pointing out even if you are hiding inside, it sti