. >> mnuchin. >> steven. >> steven mnuchin just so people know. >> you guys, it's steven. it's not steve. it's steven. steven mnuchin. he was a fundraiser for the donald trump campaign. he has no background in public service. he did make a ton of money in the financial crisis foreclosing on low-income californians that led to marches like this on his 23,000 square foot california mansion. marches led by some of the people he was turfing out onto the street because of the wall street collapse. steve mnuchin is a money guy and that has felt very true in his tenure as treasury secretary. our highest profile is probably a tie between two different things but both kind of money face forward events. the first experience we had of him is when he took his new pride to fort knox to see the money. literally he brought her to fort knox to inspect the gold. the secretary and his wife flew to kentucky to have experience on a air force jet because military jets cost more than private jets just to look at money so that was kind of perfect. the other high-profile experience we had of our

i want to thank your outstanding team, your secretary of the treasury steven mnuchin. gary cohn. ivanka trump, legislative team. all the members of this cabinet who partnered to drive your vision forward over the past six months after you laid out that vision for tax reform. but, mostly, mr. president, i will end where i began and just tell you i want to thank you, mr. president. i want to thank you for speaking on behalf of and fighting every day for the forgotten men and women of america. because of your determination, because of your leadership, the forgotten men and women of america are forgotten no more and we are making america great again. >> thank you. >> thank you, mr. president,

joining me now is the secretary of the treasury steven mnuchin steven mnuchin. d welcome back to "fox news sunday." >> secretary mnuchin: going to be here with you, thank you. >> chris: can you say flatly that congress will pass this tax plan this week and send it to the president to sign before christmas? >> secretary mnuchin: i can. it's a historic moment and we are excited to be here. >> chris: you have no doubts that congress will pass it this week? >> secretary mnuchin: i have no doubt. this is been a terrific process with the house and senate working together in conference and there is a terrific bill that's going to get to the president to sign. >> chris: let's run through several aspects of this terrific bill, as you put it. the first one i want to deal with is fairness. here's what senate democratic leader chuck schumer had to say about it this week. >> god bless wealthy people, i'm glad we have them. but they don't need a tax break. >> chris: let me pick up on that because critics note the tax rate for top earners dropped from 39.6% to 37%. the corporat

treasury secretary steven mnuchin. this is what he told me before that. >> very excited with the progress on tax reform, as you know, something we've been working on since the beginning of the year, we have the budget passed with reconciliation instructions, we expect the bill to come out very quickly and get this to the president to sign this year. >> could you live with this bill without eliminating the state and local tax deduction? >> i think the two most important issues that the president is focused on is the 20% corporate rate to make our business competitive and a middle-income tax cut. that's what is driving this and we're focused on. maria: so in other words, you want to make sure to eliminate that deduction? because that deduction hits the middle class, doesn't it? >> fundamentally as i said before, we think it's the right thing to get the federal government out of subsidizing the states. having said that, the priority for the president is the middle-income tax cut, and we want to make sure whatever we end u

i believe he likes to be called steven mnuchin. this is my steven mnuchin suit. this is a suit that a man that likes to sign money and get in the bathtub with the money. it's reminiscing of the trump transition where the stuff you're supposed to do to get ready to be president of the united states you don't do and find yourself as president of the united states and you've done none of the work in this case, steve mnuchin does not seem to be engaged in the part of the job that's not the part where you sign the money. or go and visit the money or touch the money. the symbolic stuff. this touches on the policy piece and nobody suggested steven mnuchin is strong with particular policy and legislation process. that's one of many things that's coming back to bite this effort now. the bigger thing, we discussed this earlier. you mentioned in your opening lawrence, it would be easy to solve this problem, the problem they are facing. the easy way to solve the problem is move the corporate rate from 20% to 22% or 25%. the problem is trump wants 20, the other problem is the

treasury secretary steven mnuchin joins us from the treasury apartment. mr. secretary, thanks for joining us. >> thank you. this obviously is a big day for you, the president was in his element there at the white house. your thoughts that this is now at president to ask -- president's desk. >> it's historic. we got it done. great day for the american public. we fixed a broken tax system, we've delivered on tax cuts for individuals and business. this is all about creating jobs. i think it's can have an enormous impact on the u.s. economy. >> bret: do you know when he will sign it? >> i think we are working out some logistics on it. the important issue is it passed today and he will sign it as quickly as he can. >> bret: will most of it take effect at the beginning of january which marked for 70 sitting at home, how does it play out? >> virtually all the aspects will start on january 1 and the important issue is we have already started working with the irs and we are working on the withholding tables. we expect the american public will see tax cuts in their feb

to treasuryent secretary steven mnuchin.he secret service has interviewed somebody who admitted to gift wrapping of the package and leaving it at his bel air neighbor's house. the secret service was called in to inspect the package. 7 on your side with a consumer alert -- expects stores to be busier during return season. shopping is spread out, but the bulk of returns and exchanges happen in the first two days after christmas. that is 40%. $90rts are expecting billion in returns, about a quarter of what was spent this year. here is one experts suggestion on h t probably return at the first or second week of january, when you will also see major discounts. nancy: also look carefully at discounts. if you got a gift card that you may not want, see if you can swap it in a store that sells a variety of them. parts of the northeast are experiencing quite a white christmas. lots of snow moving across new england. and now the lake effect snow erie ando the north, buffalo getting heavy snow as the wind whips off the great lakes. and

we will discuss the bill's prospects and what it means for you with secretary of the treasury steven mnuchinocrat doug jones wins in alabama, putting even more pressure on the g.o.p. to pass tax reform before he gets to the senate. >> it would be wrong for senate republicans to jam through this

treasuries secretary, steven mnuchin. first, we are live on capitol hill with a preview of both the tax vote in the effort to avoid a government shutdown before christmas. >> good morning chris. the next movement on the tax bill comes tuesday when asked lawmakers hope to pass the bill and send it to the senate where it gets a little tougher. the account there is expected to be so close that the vice president, mike pence has delayed a long planned trip to the middle east to be available to cast a tie-breaking vote if necessary. but the president is confident that it gets done by the end of this week. >> we have a tremendous spirit for the tax reform. this is going to be one of the great christmas gifts for middle income people. >> are still seven tax brackets under the new plan but the rates are lower until 2025. the new top rate for top earners dropped from 39.6 percent to 37 percent. the child tax credit doubles to $2000 per child. and the standard deduction nearly doubles as well. the $12,000 for single filers. means f

i want to thank your outstanding team, your secretary of the treasury steven mnuchin. gary cohn. ivanka trump, legislative team. all the members of this cabinet who partnered to drive your vision forward over the past six months after you laid out that vision for tax reform. but, mostly, mr. president, i will end where i began and just tell you i want to thank you, mr. president. i want to thank you for speaking on behalf of and fighting every day for the forgotten men and women of america. because of your determination, because of your leadership, the forgotten men and women of america are forgotten no more and we are making america great again. >> thank you. >> thank you, mr. president, god bless you. >> thank you very much. i also want to thank all of the members of the cabinet and i think we have a fantastic team. and next year we're going to go on to really some amazing things. we're going to -- we're making ourselves very strong again. right, general? >> we are, sir. >> he was not so happy that first week when i met him. he was saying it's really depleted. we are building i

thank in congress for their partnership and your outstanding team, the secretary of the treasury, steven mnuchin, gary cohn, ivanka trump, your great legislative team and the members of this cabinet who drove your vision forward over the past six months after you laid out a vision for tax reform. president, i want to tell you -- thank you, mr. president, i want to thank you for speaking on behalf and fighting every day for the forgotten men and women of america. because of your determination, because of your leadership, the forgotten men and women of america are forgotten no more feared and we are making america great again. god bless you. pres. trump: thank you. i also want to thank the members of the cabinet. we have a fantastic team. next year, we will go want to really do amazing things. we are making ourselves very strong again, right, general? he was not so happy the week when i met him, saying it is depleted. we are building it up rapidly and we will be at a level like never before. the members of the cabinet have been outstanding and i like the message nikki haley sent yesterday at the u

when steven mnuchin promised that his treasury department would release analysis proving the great effects of tax cuts on economic growth, well, it turned out, they did nothing. we're being deceived. >> we're entirely being deceived. the cbo, one of those scores, you can take any measures you want. there have been a lot of studies of this. the cbo and joint committee on taxation are within congress but there are other agencies that looked at this thing. by 2019 people making less than $30,000 are worse off. by 2027, everybody making less than $75,000 is going to be worse off. but 62% of the benefits of the tax cuts go to the top 1%. so again, you can like this tax bill for what's in it. you can't like it because it's good for the middle class. >> remember, steve mnuchin, he did it with the media, he did it when he saw different members of congress, said we are working on research and analysis within the treasury department to support the economics behind why this plan works. well, guess what, "new york times" reporting there are people within -- whistleblowers within the treasury departmen

dickerson: we'll take look at winners and losers in the tax bill and talk to treasury secretary steven mnuchin. bernie sanders says the bill will help the rich and hurt the middle class. >> the very wealthy are becoming much more wealthy while the middle class continues to shri shrink. and your solution is to give 62% of the benefits to the top 1%. >> dickerson: we'll ask him abut and what the next step is for democrats after doug jones' stunning upset over roy moore in alabama. we'll also talk to oklahoma republican senator james lankford, a member of the intelligence committee which is conducting one of the investigation into possible trump campaign collusion with the russians. we'll also have plenty of analysis on all the news of the week and look ahead to next. plus how the tax bill might impact you, it's all ahead on "face the nation." good morning, welcome to "face the nation" i'm john dickerson. republican tax plan is in the home stretch. the final package will be voted on tuesday in the house then moves to the senate. at this point it looks like republicans have enough votes to pass it

treasury secretary steven mnuchin added, "treasury is targeting leaders of north korea's ballistic missilemaximum pressure campaign to isolate north korea and achieve a fully denuclearised korean peninsula". ri pyong—chol is believed to be one of the most senior people in charge of the nuclear and ballistic missile programmes. kim jong—sik is thought to be behind the work to switch to solid fuel from liquid fuel, which is particularly difficult and dangerous to store. the united nations introduced new sanctions last friday, in response to pyongyang's latest intercontinental ballistic missile test in november. i spoke just now with dr balbina hwang, visiting professor at the centre for security studies at georgetown. she explained what effect — if any — these sanctions are likely to have. dr balbina hwang is visiting professor at georgetown university's well, we have to remember that there are un security council sanctions as well is unilateral sanctions and these latest sanctions levied by the united states government are targeting individuals. these are really symbolic more than anything

i expected to see steven mnuchin saying something about that but i haven't seen that anywhere. that was kind of my comment. do think there should've been some kind of hearings ond this and have special is there to see what other people think about this? >> this process certainly was fast and the democrats complained it was rushed over the past month. the republican say we had hearings, maybeican it wasn't after the bill text was out but we did have hearings on us. in terms of how it's going to benefit workers, they do drop the tax rate, but they dropped the rate for all of the southern bracket so you will see a lower percentageck of whatever bracket you fall on. but again, all of the changes on the individual side are temporary. after 2025 it reverts back to the current tax code and the way they've decided to index things in relation to its elation going forward, it will mean that after 2025, some people's tax bills would be higher than if we kept things as they were today. in the immediate future, most repeople should be seeing a tax-cut. >> is one group i want to point out th

treasury secretary steven mnuchin has repeatedly said growth will pay for all tax cuts. this used the projected 2.9% growth. that rate the memo claims will be spurred by trump's agenda and will generate enough revenue to pay for $$1.5 trillion in tax cuts. they're questioning that. 2.9% growth is faster than any independent analysis. the senate bill still leaves there $1 trillion in deficit. the agency told cnn the review will continue. >>> all right. ahead, for the second time in certain weeks new york city the target of a terror attack. what we're learning about the suspect next. [vo] quickbooks introduces jeanette and her new mobile wedding business. at first, getting paid was tough... until she got quickbooks. now she sends invoices, sees when they've been viewed and-ta-dah-paid twice as fast for free. visit quickbooks-dot-com. after a hall of fame career, it's no wonder why i use blue-emu arthritis cream. blue-emu's non-greasy, deep-penetrating formula gets down deep into those joints for big time pain relief. blue-emu, it works fast and you won't stink. >>> the sus

steven mnuchin put it this way in a statement earlier today, treasury is targeting the leaders of northoreans ballistic missile program. as part of our maximum pressure campaign to isolate eight achieve i.d. nuclearize to peninsula. the unanimous u.s. regulation from last week which added an additional sanctions against north korea, and all of it comes after the icbm which experts say, the test missile has the capability to touch any city within the u.s. spent another u.s. claim to make >> there is a briefing with the homeland security advisor which he talked about that massive wannacry that touch all parts of the globe and they had evidence, and as the key word, evidence that it was north koreans who were on the cyber attack. they talk to reported that said, north korean officials in the following scene, if they are so sure, speaking of the u.s., show us the evidence. he said last week and is not just the u.s., but they have seen evidence, and they are in line with the u.s. that it was indeed the north koreans who launch that attack and they believe the united states and the evidence >

avoid a government shutdown at the end of the work week, and will speak with treasury secretary steven mnuchinesh subpoenas coming over possible conflicts of interest in the fbi's russian investigation. this is "special report" ." good evening. i am bret baier it was a legislated legislative

police are investigating a suspicious package sent to treasury secretary steven mnuchin.ls say the package was delivered to his neighbors in bel air. mnuchin was not in the area. an l-a-p-d bomb squad was deployed at the scene earlier tonight. police say the package was delivered in christmas wrapping and the sender was listed as "the american people." at least one road in the area was shut down after the package was discovered. officials later determined the package was not an explosive device. (justine) and with christmas right around the corner... porch package snatching is increasing... with thieves now targeting homes in danville. the incidents happened thursday along valley creek lane. there two suspects were stealing packages from multpile homes. police say this is a picture of one of the crooks. neighbors eventually confronted the duo... who then ran away. the thieves remain at large tonight. (justine) among the new laws coming in 20-18, is the legalization of recreational marijuana in california but law enforcement officials are warning tonight that while sales a

finance ministers from europe's busiest economies are warning steven mnuchin that the proposed tax overhauly violate international treaties on double taxation and trade flows. in a letter secretary mnuchin released today, administrators pointed to the excise tax and the senate proposal for so-called foreign derived income as specific areas of concern. former trump campaign officials paul manafort and rick gates were back in court today for a status conference about the indictments on charges of conspiracy and money laundering. jacksony berman deferred a decision on a proposed bil bail package that would free paul manafort for home confinement and also scolded paul manafort for discussing his charges with foreign media last week, but did not punish him for it. the u.s. supreme court declined to review whether lesbian, gay, and bisexual employees are protected from workplace discrimination by federal civil rights law. a cases refused to hear filed by a former hospital security guard in georgia who says she was fired because she is a lesbian. apple and google took her side in the friend of the

to steven mnuchin. he said it was a prank. >> the thing about the textbook, and complained about how civil liberties and one of our friends has to be there. one thing leads to another, you have a couple drinks, and let's do this. the christmastide, wanted to be nice and festive. >> trish: it secret service is not laughing. they are investigating. it is targeting too far to make up legal analyst think so, and good to see you, john. come on, rosie o'donnell but this? horse manure on seema noons document they should be investigating that. >> no doubt about it. i'm sure you've heard of the term lib-tard, he is a psychologist in los angeles county, and interestingly enough, those who are not familiar, between 15,000 up to 100 plus thousand and he has a package of about $150,000 in benefits, which i think it's interesting, because los angeles counseling should use that money for a better use than individual who refuses to object by voting for someone else. this has become really crazy and erratic, psychologis

treasury secretary steven mnuchin says the move is part of america's maximum pressure to achieve a fullyarized korean peninsula and comes days after they approved other sanctions against north korea taking aim at the economy. >> sanctions are not an end themselves, but effective means to bring north korea back on track from peaceful, diplomatic and political solutions. >> this past weekend, north korea called the move an act of war. >> the north korean regime and kim jong un have bet everything on one hand of poker and that one hand is they are intertwined nuclear and strategic missile programs. they are going to cling to that because it's all they've got. >> today's sanction targets a list of more than two dozen north korean officials. officials that are working around the globe. >> allyson barber, thank you. >>> with tax reform behind them, lawmakers have other pressing issues to deal with. president trump says he wants to tackle infrastructure, but has to avoid a government shutdown first. the current funding measure gives congress until january 19 to reach a spending agreement or fac

. >> mike: treasury secretary steven mnuchin saying treasury is targeting leaders of north korea's ballistic program as part of our maximum pressure campaign to isolate the dprk and achieve a fully denuclearized korean peninsula. a.b., your thoughts. >> the trump administration deserves credit for getting the chinese to do more with regards to north korea that his predecessors. one of the things he did was convince the chinese government to stop all transactions through the central bank with the regime. a lot of the things we've seen look really effective and could be consequential but we don't know how enforceable they are. today the treasury secretary said it's part of a goal for a denuclearized peninsula. that's not the chinese's goal. that's on china's attention. they help us a little but they still hold the most influence. we are in a situation where they can take what looks like dramatic steps and many of them can be effective but at the end, there are ways for the north koreans to proceed with getting their hands on energy, proceeding with a nuclear program. >> it can be tricky trying

some of tonight investigating a suspicious package apparently addressed to treasury secretary steven mnuchine lapd says someone else in the bel air neighborhood received the box which was wrapped in christmas paper. the package was cleared, and multiple law enforcement sources tell nbc it contained manure. the secret service is also involved in the investigation. now back to "dateline extra." >>> welcome back to "dateline: extra." i'm craig melvin. pamela fayed seemed ready to expose her husband's questionable business practices. could that have led to her murder? here again is josh mankiewicz. >>> lapd detective salaam abdul-rahman was investigating the murder of a woman in a parking garage. then he learned that not only was pam fayed locked in a bitter divorce with her husband jim but that the gold trading company that had generated all the money they were fighting over was now under federal investigation and that pam was going to turn on her husband and cooperate with prosecutors. >> she was probably going to be a witness against him. he was pretty pissed off about that. >> what potential

dickerson: we'll take look at winners and losers in the tax bill and talk to treasury secretary steven mnuchinill help the rich and hurt the middle class. >> the very wealthy are becoming much more wealthy while the middle class continues to shri shrink. and your solution is to give 62% of the benefits to the top 1%. >> dickerson: we'll ask him abut and what the next step is for democrats after doug jones' stunning upset over roy moore

this is not what treasury secretary steven mnuchin promised. why are you so positive about it? i don't think the treasury secretary should have promised that. tax cuts don't pay for themselves. of $1.5a static loss trillion. that is what the rules allow them. in any event, you are going to get 1.5 trillion back. as a realistic manner, there might be more deficits as a result of this. we have to decide if we can tolerate that, and that is a tough call, in some cases. does this save the midterms for the gop? doug: the key is not just passing the bill. the terms are going to depend on the actual performance of the economy in the first and second quarter of 2018. do they go into the midterms with an economic tailwind? as was reported earlier, we have seen a modest uptick in the core readings on the economy since the election. if they got a big boost out of the tax bill, i think that would be tremendous the beneficial. vonnie: that is the president of the american action forum. thank you for joining us today. "bloombergg up on markets," the opec meeting is in the books. can oil sust

tax overhaul could be used by trump to pursue an america-first trade policy it was september to steven mnuchin and gary cohn. a treasury spokesperson responded saying it appreciates the views of the finance minist ministers. >>> u.s. senate candidate roy moore embraced president trump' agenda on the final eve of his campaign rally he was joined by steve bannon. polls suggested his democratic opponent could pull off a surprise victory in the heavily republican state as moore faced allegations of sexual misconducts. jay gray has the latest. >> the final rush to the ballot box in alabama, less than 24 hours until polls open, and the two candidates have two very different strategies >> i want to make sure people hear from doug jones >> reporter: the democrat is crisscrossing the state, shaking as many hands and talking to as many voters as he can. while pointing out republican roy moore has not. >> it only goes to show he cares more about his personal agenda than the people of alabama. >>> tonight moore returned to the campaign trail for a rally with republican strategist steve bannon >> we explor

success and more take home pay and i want to also add, someone mentioned, ylan mentions that steven mnuchin gets a huge kudo and mnuchin never waiver on the growth message and tax cuts itself, he gets a big kudo and the senate gets smaller kudos along the way. >> you did not mention gary cohn >> mr. cohn worked hard on it. too. >> the reason i mentioned mnuchin is this -- oh, we are going to show you that vote and just to be clear here as ryan mentions -- >> that's not a vote >> well, it is part of the procedural vote that basically as i understand the parliament a parliament --you see a lot of democrats voting yes, they woul like to see this back to congress >> exactly right so you would see a lot of republicans voting know because they wanted to proceed and not voting a lot this will take about 15 minutes and presumably we move rather briskly once this motion -- >> can i respond to that -- >> let me turn to ylan for a quick thought here and we'll come right back to you >> democrats are not giving up here as you can see by the vote of what's happening right now. the floor proceedings were

maybe steven mnuchin doesn't care about $100 billion or his billionaire friends, but come on.ean to tell me that special interest lobbyists are so alive and well in washington that they convinced the entire house and senate to ignore this inequity? i'm beginning to wonder if our country is becoming ungovernable, because i'll tell you one thing, our founding fathers never, ever anticipated a swamp like the one we have today. joining me right now is a man who i know is equally concerned, founder of global strategies jay place sky, also fox news contributor steve cortes. and, jay, we just saw the president talk about what we need to accomplish as a nation, and he said a lot of things that's, frankly, common sense. but i would tell you it's common sense to fix some of the inequities in the tax code, and nobody's bothering to do it. is that because special interests are that alive and well? >> well, i think it might be a combination of a lot of things, trish. part of it is, of course, the process itself was very rushed, the delivery of the bill on a friday night when they think no

which is that the treasury secretary, steven mnuchin, claimed he had -- now going back months, the treasury department to do an analysis to show that these tax cuts would spur incredible economic growth. and of course what we've seen is not only from a joint taxation committee, which is congress' own committee, saying that it's going to cost over $1 trillion. it turns out it looks like they were never even asked to do an analysis. so it's not that we haven't seen it, it's that we don't think it exists. >> they didn't want to find out? or that's the implication? >> right, or if you're going to make the claim that the facts are on your side, well, present the evidence. but apparently they didn't even attempt to look for the evidence. >> what do you think, norm about the idea that essentially this is the devil's bargain for members of congress, that with the president, like yesterday, say tweets out essentially racist and fascist propaganda that earns a rebuke from our closest ally. that you just have to countenance that if he casually libels someone, accuses them of murder. whatever he does,

in fact, the treasury secretary steven mnuchin tell our own bret baier tonight he believes they will find a way to avoid a government shut down, judge. >> judge: joining us now with reaction to president trump and big tax victory is counselor to the president kellyanne conway. good evening, kellyanne. >> good evening. >> judge jeanine: i bet it was an exciting day at the bhois. >> there has been indeed there savoy january is i and vibrancy you saw it there on full displacement the president calling out by name the leaders of the house and senate. the chairman of the different committees and really the rank and file republicans. unfortunately there were no democrats there because none of them took an opportunity to give tax cuts and relief to our job creators, to middle class families, and they are going to have to go home this christmas and all next year and explain why they insist this is a tax cut for the rich when just today you had major companies say they are going to give bonuses and other charitable contributions to their employees. are those employees receiving those hard wor

hand-delivered a gift-wrapped package filled of horse manure to the home of treasury secretary steven mnuchin on sunday night in order to protest the tax plan. >> i hand delivered it. this new tax law that is going to kick millions of people off health care and ultimately going to give the corporations tons of money at the expense of the .verage working poor family i felt like i needed to do something that was equally absurd. amy: that was los angeles psychologist robert strong. the tax cut will be $1.5 trillion. meanwhile, also in california, students and activists have launched a statewide campaign to gather signatures for a ballot measure that would reinstate california's inherited estate tax in order to provide free tuition for public universities and community colleges across california. they launched the grassroots initiative only days after republican lawmakers voted to slash the federal estate tax as part of trump's tax plan. this is one of the student organizers. i attended city college in san francisco. this is a ballot initiative that will make college tuition free .cross all of ca

that's going to happen this week, if the gop gets its way, and the treasury secretary, steven mnuchinhe criticism the tax bill favors the wealthy. even though the top tax rate is falling to 37%, he says rich americans in high-tax states will pay more when they lose most of their state and local income tax and property tax deductions. >> even lowering the top rate from 39.6% to 37% in the high-tax states, actually, rich people's taxes will be going up, and the reason why we lowered the top rate is because we are sensitive to that's a very large part of the economy, but the president was right, there are people who are rich people that are having their taxes going up. >> so far, every score shows the biggest benefits of the tax plan do go to the wealthy. and the final bill includes many advantages to the top 1%, like cutting that top rate to 37%, lowering the tax burden on pass-through businesses, and doubling the exemption for the estate tax to $10 million. not to mention big corporate tax cuts. but one high earner in a high-tax state, a guy named michael bloomberg, says companies don'

treasury secretary steven mnuchin urged keeping it as well. let's bring in kayleigh mcenany. merry christmas. >> merry christmas to you, liz. the president wanted this, campaigned on this, said he wanted this deduction out. didn't get out because there were members of congress who wanted it in. what i would point out is all of the things the president did get that are big victories for the american people like the fact corporations can't deduct entertainment anymore. members of congress can't deduct living expenses, local lobbyists can't deduct expenses, there's a lot of good in here, that's a fight we have to take on. liz: congress could deduct living expenses? what? >> i was baffled. when i read the text of the bill, yes, they could, before the bill. now they can't anymore. liz: they could have pensions for life, meaning practically entire salary, sweet health care and deduct living expenses and sexual harassment is paid off by u.s. taxpayers? what's going on here? >> absolutely incredible, i couldn't believe it. i wish members of congress would be touting. this we got rid

i think he could call steven mnuchin over at treasury and have him take a good hard look at the privatequity carried interest loophole that could save americans $180 billion a year so that would build a lot of walls that does it for sunday morning good to see you guys i'm trish regan in for maria i'll be back tomorrow on the fox news channel filling in for neil. .. howie: on the buzz meet i are, president trump at war with the media. >> president trump appears to be showing signs of anxiety, lashing out at the fbi. he calls it tainted. he cites a fox news report to discredit the mueller investigation and to incite a purge of law enforcement of anybody disloyal to donald j. trump. >> if the fbi used this dossier in an

steven mnuchin says these tax cuts will pay for themselves, that they will generate enough revenue to offset that $1.5 trillion cost. goldman sachs says they're only expecting 2.5% growth next year and 1.8% growth the after that. they say that .3% will be added onto the tax plan, but that's all short from the administration. >> rick: we are watching air force one taxing now. this is a clear win for republicans, even though it keeps getting painted as a loss. do you think that democrats will regret not signing on or helping to craft this bill? fico it depends what happens with the numbers. i had to say, the democrats so far looks like a win for them, and that the media's painting it just how the democrats want to. this is a perfect example of why the media shouldn't and can't claim ever to be objective. this is a huge skill, lots of provisions, some of that kind of complicated. there's no way no media outlet can explain the bill. they have to pick and choose. as soon as somebody does that, you are choosing a spin, and that's what we sow with a lot of the headlines that focus on the cor

it's report directly contradicts claims made by treasury secretary steven mnuchin, who's repeatedly claimedhe tax cuts would pay for themselves by stimulating the economy. vintage and had promised to release a treasury department analysis backing his claims, but he has yet to release any data, and treasury officials at the office of tax policy told "the new york times" they haven't been tasked with researching the bill's impacts. on thursday, the tax plan got a major boost when arizona republican senator john mccain said he'd vote in favor of the bill. critics say the tax cuts could trigger billions of dollars in cuts to medicare, including cutting off access to chemotherapy and other cancer treatments. senator mccain's support for the bill came a day after his doctors said they'd discovered a second tumor in his brain. meanwhile, a little known provision within the republican tax bill would open one of the world's last pristine wildernesses -- the arctic national wildlife refuge -- to oil and fracked gas drilling. we'll have more on that provision later in the broadcast. the white house th

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