host: stan collender? guest: individuals making under $50,000 are not going to do as well as others in this tax bill we have seen so far. there is no promise a corporation can make that will provide the guarantee that you are looking for. a significant part of u.s. corporations are owned by foreign investors. a lot of the benefit will go to them. a lot of the workers that will be hired will be overseas. each corporation will do something different depending on their own situation, and the question i have to keep asking and would like to ask you is with unemployment at 4.2%, where are they going to find the workers? guest: the reason we have such low unemployment is we have some -- so many workers not looking for work anymore. we have labor force participation rates that are historically low, and it does not have to do with the aging of our population, but with people having joined the social security disability program. one third of the decline and labor force participation in the explained by people leavi

stan collender, executive vice president at mslgroup.avid: the ge reported earnings before the bell this morning. shares in the market diminished by 6.3%. we are not seeing shares rebounding. ceo, it is new having difficulties with its power units. ge erasing the losses we've seen throughout the day. shery: we have seen analyst saying thating out, --seems realistic and the ceo is saying all the right things. david: snap elections right around the corner scheduled for this weekend -- that and more next. ♪ shery: this is bloomberg markets: balance of power. had to thejapanese polls to vote in a snap election sunday. shinzo abe's ruling coalition is likely to lose its majority. reporting from tokyo -- final stretch of this national election, the weather has changed. a monster of a storm this weekend, which could impact the turnout on sunday. 310 was the magic number we are looking for to see whether the coalition party could maintain a super majority. are 10 shy ofthey making it harder for shinzo abe to push for some of his more divisive po

host: stan collender?uest: individuals making under $50,000 will not do as well as others in this tax bill we have seen so far. there is no promise a corporation can make that will provide a guarantee that you are looking for. a significant part of u.s. corporations are owned by foreign investors. a lot of the benefit will go to them. a lot of the workers that will be hired will go overseas. each corporation will do something different depending on their own situation, and the question i have to keep asking and would like to ask you is with unemployment at 4.2%, where will they find the workers? guest: the reason we have so -- such low unemployment is we have some rain workers not looking for work anymore. have labor force participation rates that are historically low, and it does not have to do with the aging of our population, but with people having joined the social security debility -- disability program. can be split by people leaving the labor force altogether and that is particularly true for many r

fellow with the heritage foundation and also stan collender, contribute or for forbes and former budgettaffer on capitol hill. they are here to talk with us about the budget

fellow with the heritage foundation and also stan collender, contribute or for forbes and former budget staffer on capitol hill. they are here to talk with us about the budget that passed in the house this past week. it is a $4 trillion budget. -- romina, what should we know about this budget. for a pretty big increase in defense spending and fore are no requirements budget cuts. more is a potential for spending once congress works through the budget. they are are we talking about another bipartisan budget deal that will lift budget caps that have prevented the increases in defense that the president has asked for. host: by law, that has to happen. stan, we are seeing your peace online and the headline says that the gop has murdered in the federal budget and now wants us to round up the usual suspects. what are you writing about your? the republican crow on house and senate and white house, they have misused and abused and not use the budget process the way it is written in law. the best example of this is that the budget that the house adopted has no relationship to correct fiscal poli

fiscal year and what it means for tax reform with romina boccia of the heritage foundation and stan collender later, roben farzad from npr 1 talks about the recent stock market gains and how the business community is reacting to the trump's -- to be trump administration's economic agenda. ♪ host: the last sunday of the month. october 29, 2017. good morning and welcome to washington journal. a new poll finds that seven in 10 americans say the nation's legal -- clinical divisions are at least as big as the time of the vietnam war. we would like to ask the state of your political party and yourer that represents views. here's how to join the conversation. for republicans, (202) 748-8001. democrats, use (202) 748-8000. independents, (202) 748-8002.