proud to be involved in those negotiations with the leaders of the house, the senate, and the white house. for example, the senate passed budget creates a mechanism that would permit the budget committee chairman to adjust the budget allocations if there is future legislation signed into law that revises the b.c.a. spending caps. the senate passed budget also includes numerous improvements to the house budget's enforcement that are designed to strengthen fiscal discipline . because we work together to find common ground, we can move ahead towards tax reform and expand upon the ideas in the conservative framework unveiled last month. throughout nearly my seven years as a member of the house, republicans have talked about modernizing our outdated and overly complicated tax system, and today we have the opportunity to take that next big step to unlock tax reform for the american people, fulfilling the promise that we made long ago to our onstituents. by advancing tax reform, we can help americans keep more of their hard-earned paychecks. we can by advancing make it possible f st americans to file their taxes on a taxes on a simpl

the u.s. house debated the 2018 budget resolution which sets overall 2018 federal spending at $1.13 trillion. the measure also requires committees to work on tax reform. the house passed the bill 216-212 after the senate approved it last week. we'll show you the house floor debate from this morning. it's an hour and a half. tennessee. from mrs. black: thank you, mr. speaker. i yield myself such time as i may consume. tennessee. mrs. black: thank you, mr. speaker. i yield myself such time as i may consume. i rise today in support of senate amendment house concurrent resolution 71, the budget resolution for fiscal 2018. passing a budget is never easy and has once again been a challenge this year. but i am encouraged with where we're now and i am pleased that the senate did its work by approving a budget. one that we can support in order to unlock tax reform for the american people. without question there are plenty of things that i wish were included in what the senate passed. ideas that the house put forward earlier this month when we approved our budget. for example, i still feel strongly abou

and the house budget is the way forward. mr. ferguson: the american people sent us here to get our fiscal house in order. this budget does not accomplish that goal. i urge my colleagues to vote against it. i yield back. the chair: the gentleman from georgia yields back. all time having now expired, for debate on this amendment, the question is on the amendment offered by the gentleman from virginia. those in favor say aye. those opposed, no. in the opinion of the chair, the noes have it. the amendment is not agreed to. mr. scott: on that i ask for a recorded vote. the chair: pursuant to clause 6 of rule 18, further proceedings on the amendment offered by the gentleman from virginia will be postponed. >> i move the committee do now rise. the chair: the question is on the motion that the committee now rise. those in favor say aye. those opposed, no. the ayes have it. the motion is adopted. accordingly the committee rises. mr. speaker, the committee of the whole house on the state of the union, having had under consideration h.r. co

visit ncicap.org] >> next, a look at the 2018 federal budget making its way through congress. first, debate from the house floor, then senate budget committee meeting and later, a senate banking committee hearing on wells fargo opening unauthorized bank accounts. on wednesday, members of the house came to the floor to debate the 2018 republican budget proposal which was unveiled this week. this is just over 45 minutes. ecognized. mrs. black: thank you, mr. chairman. i yield myself as much time as i may consume. the chair: the gentlewoman is recognized. mrs. black: i thank the gentleman. i do want to just begin this next section by making a brief comment on my good friend from kentucky, who has been using some information off of forbes. as he responds to our speakers. i just want to say, i went out to look at forbes, to see what was on forbes while we were on this brief intermission. and found this article that was just in forbes, just the day before yesterday. that does say g.o.p. tax framework is a pay raise for middle class families. i encourage people to take a look at this because it actually does som

>> the seller budget in the house budget in the senate budget i can speak to mind a little better than the house and senate. we assume the obamacare were few and replace happens. at the end of the day it doesn't make that much difference because what will happen is the budget will set the spending levels for this year. but the most important budget role of the budget. we talked a lot about the role as it relates to taxes. the driving force behind the budget is setting the spending limits for that year. that's at the budget does. we will work on to fund the government again. that is the nature of the budget that yes, it does deal with reconciliation, but it also does is funding the government which is entirely separate question. maria: i understand. is this an assumption you will be having on the savings because of health care and now we hear this morning that the president is once again in touch with chuck schumer on the democrats in terms of their ideas on health care. it may very well be a completely different budget when you've got democrats support coming in and maybe the 600 billi

the senate budget committee is marking up the budget the house of representatives is debating that budget the budget framework to deal with tax reform. the house house votes on that framework tomorrow. a lot to talk about. he is rushing back to continue that debate right after this. we appreciate you taking the time. listen, can we get substantial tax reform without blowing up the deficit. you know that is can be one of the criticisms. i believe that we can and the first step is passing this budget. this is a good conservative budget that outlines the gop conservative values and for the first time in more than two decades we took a big swipe at mandatory spending. and yes we will get to great tax reform without blowing up the deficit. this is a taxi from text from plan that grows our economy and as great news for america. from what i understand the senate has left room to increase the deficit by much as one and head trillion dollars over the next ten years how are you going to reconcile the house budget with the senate budget which is so different. >> the first of may had to had to do was

the committee would be in a break for lunch until about 2:30 eastern. look for live coverage when they return at c-span.org. meanwhile the budget passed by the u.s. house earlier today, passing their $1.1 trillion budget proposal for next year which would cut domestic spending while increasing spending for the pentagon the house budget would allow congress to repeal the affordable care act and rewrite the u.s. tax code under reconciliation rules which would prevent a filibuster in the senate. the house passed a bill by the vote of 219-206. before that vote, house minority leader nancy pelosi held her weekly briefing with reporters. she talked about gun violence, disaster assistance for recent hurricanes and immigration policy. this is 20 minutes. ms. pelosi: good morning. yesterday morning we all proudly stood on the steps of the capitol with gabbie giffords, our former colleague and national heroine, an inspiration to us all work john lewis, the spiritual leader of the congress especially on this issue related to protecting the american people. mike thompson, who is chair of our task force on gun violence revention. all of us praised the first respond

paul ryan says the $4 trillion budget that narrowly passed the house today was a victory for americansthe vote gave a significant boost to president trump's plan to cut taxes. this budget we passed in the house brings us one step closer to historic tax reform. that means more jobs, there were taxes, bigger -- there taxes for americans. -- to increase the federal deficit by up to $1.5 trillion over 10 years without concerns of potential blocks by democrats. secretary of state rex tillerson says washington sees no future for president bashar al-assad in syria's government, insisting the reign of the assad family is coming to an end. tillerson made the comments today after what he called a fruitful discussion with the u.n. syrian envoy in geneva. peace talks are expected to resume in the coming weeks. an explosion at a fireworks factory near the indonesian capital of jakarta has left at least 47 people dead. thoseals say most of killed were trapped inside the factory when it burst into flames. dozens were injured. -- cast his ballot in his hometown of -- in today's presidential election r

by the steps that have been taken in the right direction today, passage of the budget is still the key that unlocks any of these great ideas. as chairman of the house budget committee, i am proud that my committee has already provided the blueprint needed to start up tax reform. the most conservative budget approved by this committee in 20 years, it received unanimous support of the republican members when it passed out of our committee in july. using reconciliation, our budget paves the way for progrowth tax reform that reduces tax rates, simplifies the tax code as has already been said, and restores the trust in the american economy and the workforce. in today's retreat, it is clear we want to help job creators in -- job creators and the middle-class families. they are the ones often get hardest hit by the confusing tax system currently in place. i am encouraged that we are closer to changing that. the next step we need and should take is for tax reform is the passage of our budget. >> next, i would like to ask senator scott to come up, a member of the senate finance committee. scott: thank you. when we think about tax reform, the question that c

i thank him for his great leadership as the ranking member on the budget committee in the house and i thank all of the members of the budget committee for their great work. to make this budget that we -- that was proposed earlier, the yarmuth budget, a statement of our values. and that's exactly what a budget should be. a federal budget should be a statement of our national values. what is important to us as a country -- >> madam speaker, the house is not in order. ms. pelosi: thank you. the chair: the committee will be in order. ms. pelosi: thank you, madam speaker. the chair: please take your conversations off the floor. the gentlewoman is recognized. ms. pelosi: thank you, madam speaker. i'll say it again. our federal budget should be a statement of our national values. what is important to us as nation should be reflected in the priorities that we place into that budget. and i just can't -- this budget that is before us, proposed by the republicans, is just the opposite of that. it is accompanied by the tax proposal that they put, one of the biggest transfers of wealth, to the wea

the housing sector. what do you think of that? romina: this is republicans around this plan, which would have seen in the passage to the house and the senate budget, but the senate budget looks nothing like the house budget. it becausembraced there is a consensus that it is so critical. there is setting differences aside as well as deficit concerns. for: we have calls waiting stan and romina. joseph on our democrats line. first of all, tax or for -- tax reform is really a priority for the republican party. it is not a priority for the nation. i would also say that tax enemyation is really an of the broad middle class that absolutely needs those so-called special interest deductions to make into me. after taxet deductions. if you really want to go to tax reform i suggest we go back to the 1950's like the trump supporters always say, we should be going back to. ie marginal tax rate was 91% think there is some some sensual inc. -- some substantial increase for high income earners is in order. we have a hyper stimulating economy as it is. what do you want to do? you will not even get that result because it has been shown by leading -- and i would adm

the white house or in the senate when we do this. thanks a lot, everybody. appreciate it. >> jon: all right. so speaker of the house paul ryan fresh off a vote to approve the senate budgethat hit the house of representatives. pretty rare according to our capitol hill producer for the speaker to vote. speaker paul ryan felt strongly about this one. it was a squeaker, 216-212. there were 20 republicans who voted against it. they could only afford republicans could only afford to lose 22 members of their party. they squeaked by. it lays the ground work, the runway as they are describing it for the house to now take up tax reform legislation which is near and dear to the heart of the president and most of the republicans on capitol hill. that effort is going to start. the bill will be unveiled november 1st according to kevin brady of the ways and means committee and the mark-up will begin november 6th. big doings on capitol hill today. we'll be back with more in just a moment. paying less for my medicare? i'm open to that. lower premiums? extra benefits? it's open enrollment. time to open the laptop... ...and compare medicare health plans. why? because plans change, so can

the next decade. president trump sent out a tweet saying "big news, budget just passed!" by the houseent john yarmuth said they don't want you to find out that it increases taxes on millions of middle-class families. , as many yarmouth joins us now -- congressman yarmuth joins us now. do you know what is in this bill? is that how you can confidently say it benefits the wealthy? rep. yarmuth: we know what was in the outline that was put out several weeks ago, and among those items that were mentioned in the outline work eliminating the estate tax, which only , couples withe $11 million, eliminating the minimum alternative tax, which in the one year we know about donald trump's tax returns will save him about $30 million. they want to lower the highest rates. all of those things benefit very and we dodividuals, not know for sure what they are going to do with state and local tax deductions, but if they do eliminate the deductibility of those taxes in my state, half a million people will is an average amount. , the details are not there, and that is one of our biggest complaints, that yo

the best example of this is that the budget that the house adopted has no relationship to correct fiscal policy. there was no attempt to look at what the economy will do over the next year and whether we need a budget that is stimulated or restricted. it looks like if there are a lot thinking it's been a cause higher interest rates. they are not following the rules. assuming that the republicans get tax reform done on some level getting into december, what happens with the appropriations debate based on in the 2018st year budget? romina: lawmakers do have time. they have to make sure they have all their ducks in a row by january because that is when a potential sequester could kick in. the discussions are now over some bipartisan deal similar to obama andw with the boehner deals. they allow for defense and nondefense spending increases. both are happening now. i suspect by the time they wrap up, this package will move very quickly because when we are talking about spending increases and tax cuts, the american people are still very concerned about the deficit and debt and they are not rea

the clerk: house concurrent resolution 71, concurrent resolution establishing the congressional budget for the united states government for fiscal year 2018, and setting forth the appropriate budgetary levels for fiscal years 2019 through 2027. senate amendment. mrs. black of tennessee moves that the house concur in the senate amendment to the house concurrent resolution 71. the speaker pro tempore: pursuant to house resolution 580, the motion shall be debatable for one hour equally divided and controlled by the chair and ranking minority member of the committee on the budget. the gentlewoman from tennessee, mrs. black, and the gentleman from kentucky, mr. yarmuth, each will control 30 minutes. the chair recognizes the tennessee. from mrs. black: thank you, mr. speaker. i yield myself such time as i may consume. tennessee. mrs. black: thank you, mr. speaker. i yield myself such time as i may consume. i rise today in support of senate amendment house concurrent resolution 71, the budget resolution for fiscal 2018. passing a budget is never easy and has once again been a challenge this y

nna eggerton, why is the house taking up the 2017 budget. what are some of the key differences between what house want to do? > by picking up the senate version, they can skip the conference step. can vote on what the senate passed and it doesn't have to go back to the senate or to a they ence committee where would reconcile the differents senate house and version. budget debate it up saying that the tax within ft is coming days. you write about some republicans concerned about issues like the state and local taxes, also in particular about deficit.g the what is g.o.p. leadership doing to address concerns and ensure passes the house this week? >> for now, that's what house are going on. produce being a bill framework.es that like with the state and local and if states allowed to deduct those up to a certain income level, certain kinds of taxes, whatever compromise will be worked out that are kers concerned about that tradition. that would be from new jersey, those k, california, states. and other provisions as well, .as the treatment of 401ks

the floor and that's why it's taken so long. it's now october and we're just getting to a budget vote on the floor. that's because house republican leaders and the white house just released some of their tax reform details last week and with the house freedom caucus officially endorsing that tax plan, that's why we're seeing a budget vote now, diane black has been really pushing to get this vote for months now and she's finally able to do that because she has support from the freedom caucus and she's very -- very confident that this is going to pass. she's not saying how good exactly it's looking. >> the debate's coming late. like typical past budget debates we will see alternatives and under the rule for this budget debate four different alternatives starting with progressive caucus, the congressional black caucus, the republican study committee and the democratic plan, four different versions of the proposal. what can you tell us? what are some of the key highlights from those four prauflz we should know? >> what's going to be most interesting to watch the republican study committee proposal. this is a far more conse

i rise today in support of the house budget. as a legislator and a father and a grandfather, i'm southeasternly concerned about the mountain of debt our -- i'm seriously concerned about the mountain of debt we're passing on to future generations. think about it, as the leader of the free world and driver of global innovation and entrepreneurship, over the next 10 years we expect to reach a point where annual interest payments to our creditors will exceed the amount we spend on defending our nation. it's imperative that we change that trajectory and i commend chairwoman black and her colleagues on the budget committee for providing a blueprint for tackling the problem. while congress has many hard decisions ahead of us to rein in mandatory spending, this budget is at a critical -- is a critical starting point. not only is budgeting a fundamental present -- principle of good governance, it ensures the tax is sirmer. as a c.p.a. with a current license, i look forward to the real prospect of fundamental tax reform. this budget is the

>>> right now, the house just narrowly pass aed a budget plan that passed in the senate a week ago today. there you go, a big win. republicans needed to get this budget bill to pass to ease the way on tax reform efforts they hope to begin next week. without a budget, they would need 60 votes to get any tax plan through the senate. now it's just 51. >> 60 is a threshold that derailed a lot of other legislative efforts, including the repeal and replace obamacare efforts. it's not a united front. some gop lawmakers are mounting a lot of internal opposition over tax deductions reportedly in the tax plan's crosshairs. >> president trump has been urging republicans to pass the bill and get the tax plan through. hoping to score a big legislative victory in his first year and all this is happening as a new fox news poll shows the president's job foperformance rating has dropped four points. disapproval grew to 57%. the president tries to push through major legislation. on tax reform, guess who hasn't show up yet. the lobbyists. as soon as you go to close up these loopholes, these trillions of do

is about to take a budget from the senate, house republicansafter i think five, six, seven years now, insisted they have budgets that balance, now they have a chance to pass a budget and enact it, they're going to take the senate budget that doesn't balance, rather than the house budget that does. and the house republican, i'm a huge independent, i support a lot of policies house republicans have been talking about in the past but they've also rightfully talked about the need to cut spending and entitlement reform. we're going to spend $47 trillion over the next 10 years. the house budget would have saved $200 billion i kind of would have laughed at that tiny amount had it not been compared to the senate budget which is asking out of that $47 trillion to save $1 billion. i feel like, was it dr. evil, the austin powers guy? $1 billion, really? and they're going to take that as the budget. and the house budget which had revenue neutral tax reform, which is the starting point is going to cast that aside, and take the senate side which is going to

the house today. the senate has to decide what it's going to do and there is ase concern they are not rigorous about budgets at the house. what is your concern for what ultimately happens? haveam very proud to gotten the budget across the floor. we worked with 21 of my male colleagues to be able to get it out of committee. i'm very proud of the product. we did have a budget that represent division of the house of representatives and now we will be combining that with the vision that comes out of the senate. we still don't have a plan definitively and we will see what that is and see what we can do about combining these hills. congressen you go to will you holdwhat firm and what could be diluted or eliminated? they are very concerned about mandatory spending. we are very proud that we have restored some more security for our military. those dollars that have been demonstrated -- devastated by the obama administration. it is important in the budget that we maintain those dollars. there's mandatory spending that we know we cannot continue down the path that we are currently on. there will be a lot of discussi

i urge my colleagues to join me in their support of the budget because doing so means that we can truly benefit the am >> the house went on to pass the budget regulation -- resolution. speaker ryan said they now brings the house closer to passing tax reform. this is 10 minutes. >> good morning. i am very excited because today, we passed a budget that is fiscally responsible, it strengthens our national defense, and is really good for taxpayers. this budget that we just pass in the house brings us one step --ser to the store t historic tax reform. long, the american people have been living under a broken system where they see too little of their hard earned dollars. they spend dollars is just doing their taxes. so much time and money is wasted complying with this incredibly complicated tax code, only to your are awarded by having a big chunk of their income taken by the income -- by the government. people are struggling. some and people are living paycheck to paycheck. single moms deserve a break for it parents working to send their kids to college, they deserve a break for it -- they deserve a break. ist is what t

is about to take a budget from the senate. house republicans, up to five, six, seven years now insist that they have budget set balance and now a chance to pass a budget and enact it. they're going to take the senate budget that doesn't balance rather than the house budget that does. i support a lot of policies that the house republicans have talked about in the past, but talked about cutting spending and entitlement reform. we're going to spend $47 trillion over the next ten years. the house budget would have saved $200 billion. kind of would have laughed at that tiny, tiny amount they're asking for reconciliation had it not been compared to the senate budget asking out of that 47 trillion to save $1 billion. i feel like it's like it's a doctor-- who is dr. evil, austin powers guy, one billion, really? and they're going to take that. and the house budget had revenue neutral and they're about to cast that aside and take the senate plan 1 1/2 trillion in tax cuts. so we're sort of watching every hard choice that exists in any of this

is about to take a budget from the senate, house republicansafter i think five, six, seven years now, insisted they have budgets that balance, now they have a chance to pass a budget and enact it, they're going to take the senate budget that doesn't balance, rather than the house budget that does. and the house republican, i'm a huge independent, i support a lot of policies house republicans have been talking about in the past but they've also rightfully talked about the need to cut spending and entitlement reform. we're going to spend $47 trillion over the next 10 years. the house budget would have saved $200 billion i kind of would have laughed at that tiny amount had it not been compared to the senate budget which is asking out of that $47 trillion to save $1 billion. i feel like, was it dr. evil, the austin powers guy? $1 billion, really? and they're going to take that as the budget. and the house budget which had revenue neutral tax reform, which is the starting point is going to cast that aside, and take the senate side which is going to

the american people. balancing the budget -- >> mr. chairman, the house is not in order. the chair: the gentlewoman from will suspend. members are asked to take their conversations outside the chamber. the gentlewoman is recognized. mrs. black: balancing the budget by 2027 is our top priority. our national debt stands at $20 trillion with $9 trillion our p american people. balancing the added over just the last eight years. for too long, both parties in washington have failed to abide by a simple principle that all american families and small businesses do. that we must live within our means. balancing the budget requires us to make some tough decisions. but the consequences of inactio far outweigh any political risk we may face. unless we take bold steps to bring our excessive spending and debt under control, a sovereign debt crisis is the natural conclusion. failure to take swift and decisive action is not only inexcusable, it is immoral. the budget resolution before us takes real steps to put our country on a sound fiscal path that balancing in 10 years. and will allow

the white house. >>> the senate passed a $4 trillion budget measure that could pave the way for the tax overhaul presented by president trump. it has to be reconciled with the house plan but there is growing pressure to adopt the senate plan. once it passes the president will be able to use a procedure maneuver to pass legislation. >>> and i ahead on "cbs this morning" in our "issues that matters" series, speaker of the house paul ryan joins us to take a closer look at tax reform. >>> two people were arrested during the speech of white nationalist spencer in florida. for much of his speech spencer was drounsed out by protesters. >> i won't let go to waste. >> helping puerto rico hitting home . >>> outside of the auditorium hundreds protests with signs and anti-nazr slogans. hundreds of police had been called in to prevent violence. the school spent $600,000 on security. there were a few skirmishes. the governor had declare a stat of emergency for the event. >>> and police in los angeles are investigating a possible sexual assault case against harvey weinstein. weinstein weinstein's. he was fired following

that is about to pass, i want to take a second to talk about the budget because it's stunning to meet what is about in this budget. the house is about to take a budget from the senate and the house republicans for five or six or seven years now have said that they now have a chance to pass it and they will take the senate budget that does a balance, rather than the house but budget that does. i'm a huge independent and i support a lot of the policies the past republicans have in the past but they also rightly talk to the need to cut spending and entitlement reform. people spend $47 trillion over the next ten years and the house budget will save $200 billion and i kind of would've left it that a tiny amount had it not been compared to the senate budget which is asking out of that 47 trillion to save $1 billion and i feel like it's the doctor evil and austin powers guy. 1 billion, really? and they will take that as the budget and the house budget will have revenue neutral tax form. they're about to put that aside and we are really watching every hard choice that exists being cast aside for all of the easiest places. the probl

paul: there's no guaranty that the house budget committee, the house budget passes own reform and they've had deficit neutral. there's no guaranty right now that the house will accept -- >> that's right. they need to stick to 1.5 trillion because it's the only way to finance lower rates and they have to pay for the rates. they can pick up the senate's conversation or go to conference n. my view they should pick it up and pass it and be done with this. paul: bill, what do you think? >> yeah, i agree, i think the senate version is the best vehicle for getting to where they want to be on tax reform. look, the passing of the budget is symbolic, it's not so much a big victory as its defeat would have killed tax reform. that's the real importance. paul: you have to have it to get to 51 vote threshold. >> you never know what john mccain is going to do, he voted bush tax cuts, ran on tax cuts when he ran for president. i think republicans are much more -- two things, they are much more comfortable making the argument about growth, ib cent i was and taxes than they were about obamacare, obamacare

>> if the house really does take the senate budget when they come back on tuesday of this week, it absolutely moves the ball a lot further, a lot quicker. >> another thing secretary steve nugent said the only thing nonnegotiable is the corporate tax rate. what you all in your proposal would be 20 percent coming down from 35 percent. but if you had to negotiate on that number, would you? >> the two parties from the very beginning from the president have been that middle tax payers will pay less and it will be simpler. that is number one. number two the corporate tax rate will come down. we want 15 percent. the counts kept talking about 20. we would love to get it down to 15 percent as they continue that negotiation. but those two things are the foundation of the tax plan for the president and i do nothing to house really wants to negotiate those much. >> i would agree but there is some possible concern. let's listen to halcyon caucus chairman mark meadows. he has little concern about the possibility of 1/4 bracket for high tax earners. >> i am against having a top rate. were going to do that t

the first thing is to get the house to pass the budget resolution. the budget resolution is the outline for what will be in the tax bill. it set some sort of topline numbers. the challenge for the house is they will have to swallow what the senate did which is allow for trojans. for some conservatives in the house, that is a real sticking point. that is what they have to get through this week. once that done, they are agreeing on a budget resolution of a topline number. now you can produce a bill. hopefully they can produce actual legislation, we will see numbers, with the brackets are and who they affect not legislation begins. >> it's hard to tell who's moving. the most conservative numbers we saw last week said will go along with it. we'll see what happens when they get a bill. getting a billing going along with the bill is two different things. sure, let's have a tax review which is different than saying yes, we will give this tax break and we will cancel your state and local tax breaks. for now they seem to be willing to play along, and this morn

the white house. >>> the republican congress appears one step closer to tax reform. the senate passed a $4 trillion budget measure that could pave the way for the tax overhaul presented by president trump. it has to be reconciled with the house plan but there is growing pressure to adopt the senate plan. once it passes, the republicans will be able to use a procedural maneuver to pass legislation without the help of democrats. >>> and i ahead on "cbs this morning" in our "issues that matters" series, speaker of the house paul ryan joins us to take a closer look at tax reform. >>> two people were arrested during demonstrations against the speech by white nationalist richard spencer at the university of florida. for much of his speech spencer was drowned out by protesters. >> you think that you shut me down. well, you didn't. you actually failed at your own game. >> outside of the auditorium hundreds protested with signs and anti-nazi slogans. hundreds of police had been called in to prevent violence. the school estimated it spent $600,000 on security. there were a few skirmishes between protesters and supp

tell us about some of the differences between what the house wants to do and what the senate is proposing. the house republican budget is a very conservative outline. it includes some of the biggest mandatory spending cuts since 1997, something house republicans are very proud of. more --te budget is less detailed. it gives less information about what they want to enact. republicans senate are saying over there. they are not looking to make a big point like the republicans want to. this is something that will allow them to bring tax reform to the floor, so as we are looking at these two budget documents, they will have to be melded together in the next weeks with a conference committee, and it will be a pretty ugly budget battle with some of these self-described in the house having to swallow some of the much water down senate plan. it is one to be a hard vote for house republicans. it eventually comes back to the house floor. will it allow them to take up another attempt at repealing the affordable care act? right now, they do not have instructions specifically for obamacare repeal like we had this year. this isbeca

the house of representatives approved a budget frame work that gives senate republicans the power toass a tax bill with 50 votes instead of the 60 you normally need. they also have the power to pass a healthcare bill but didn't manage to get it done. our season capitol hill producer, chad pergram reports if the house had not approved this budget frame work, the republican tax plan probably would have been dead like immediately. mike emanuel has more. are they optimistic up there now, mike? >> yeah, they seem more hopeful. if you needed 60 yes votes in order to do tax reform, that would have given democrats tremendous leverage. you only have 52 republicans. so bottom line, they wanted to pass this budget frame work with the tax reform language in it in order to get that done. that was a point the house speaker made on the house floor earlier today. >> there's one more thing that this budget does that is so important. it paves the way for historic tax reform. unlocks the reconciliation process. we need to pass this budget so that we can deliver real relief for middle income families. >

on taxes, later today the house will likely vote on whether or not to pass the budget resolution that recently passed the senate. my colleagues in the house should be aware this budget will explode the deficit by $1.5 trillion read that is under the best of circumstances. that's under circumstances where they find $4 trillion, probably unlikely. it will/medicare and medicaid by 1.5 trillion and set up the same partisan process that caused theed republican effort on repeal and replace too fail.he when you try to do it in one party, it's full apparel. if you do it in a bipartisan wa way, few people on either side can try to pull the bill off course but they won't succeed. i remind my friends in the house who purport to be deficit hawks, you are voting for a budget that will increase the deficit by $1.5 trillion. many of these house members, particularly in the conservative wing of the caucus, particularly those in the freedom caucus, have spent their entire career on the barricade railing against the evils of deficit. what a stunning hypocrisy it would be to abandon those principles tod

the senate budget committee passed its budget blueprint setting the stage for tax reform. this comes after the houseext stop the full senate floor later this month. capitol hill producer chad pergram says this will be more challenging lift in the house however the gop needs a budget to kill filibusters for tax reform to do it with 50 votes. melissa: politicizing a tragedy, hillary clinton taking the gun debate to the late-night stage. what she had to say about president trump and republican party that has critics fuming. david: plus exhaustible breach of trust, inexcusable breach of trust. why the former equifax ceo is finding himself in more hot water. josh shapiro, pennsylvania attorney general says why the company should be held accountable. that is coming next. >> you realize to many americans right now that looks like we're giving lindsey lohan the keys to the mini bar? ♪ today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can m

, this is the dispute between the house and the senate, if the house will approve -- this is a big bite for the house to swallow. if the house will approve the senate budget blueprint as drafted, which basically opens and turns a safety officer you can pull the trigger on the tax plan, we will be seeing a degree of accord and agreement between the chambers that we have not seen much in the past decade. >> harris: does the president come out, he and mitch mcconnell are in this private meeting, do they come out with an idea of what the president will sign on taxes? >> no. what they may come out with is an understanding between the two of them about who was driving the bus at which point. mitch mcconnell's message to trump is 100% i am sure stay out of here and let us do this so we can get it ready to be ready for you. there is nothing trump is going to do that is going to make this more likely to pass. he can only hurt his chances at this point. what mcconnell wants is to sell tell the senators do it, i'm going to sign it, enjoy and i will see you later. >> harris: chris, thank you very much, we appreciate it. hillary clinton is slamming allegations of brib

the white house is looking ahead to try to deliver on another campaign promise, cutting taxes. big news, budget just passed the president hailed on twitter. the house passed a new budget today following a senate last week.

the house floor this week. the agenda for the house of representatives. the majority chose to consider their misguided budget, fine. we can do that. but what i'm saying is that we should also take the first step in at least setting up a committee to look at gun violence in america. so, if we we're here debating which bills will come say no to ending debate on this rule, by defeating the previous question, we can then debate whether or not to create this committee. this is the least we can do. mr. speaker, i ask unanimous consent to insert the text of my amendment in the record along with extraneous material immediately prior to the vote on the previous question. and to discuss our proposal i'm happy to yield four minutes to the gentleman from california, mr. thompson. the speaker pro tempore: without objection. mr. thompson: i thank the gentleman for yielding. five eaker, it's almost years ago that this nation witnessed the terrible tragedy of sandy hook elementary school, where 20 first graders were murdered in their five classroo along with six of their teachers. congress did nothing. charleston, a church

budget would have saved $200 billion. 47 -- felix dr. evil come of the the -- one billion. they are going to take that as the budget. the house budget has revenue neutral tax reform which was starting. it is about to take the senate plan which would have one when five -- $1.5 trillion in tax cuts. every part choice being cast aside for the easiest choices. the problem is that tax reform has so many benefits that it can grow the economy by shifting how we tax. adding to the death undermines the economic growth. revenue neutral tax reform is progrowth. deficit finance reform, you have undermined the benefits of growth area for the public -- yves -- ease. we cut up a tax form and give them sinovic. that is a terrible plan -- pinach. --s if we were to broaden the base and look at those $1.6 trillion in tax rate per year we could bring a rates down incredibly significantly. we have a constituency supporting every tax break this morning. that is a common feeling. we can only cut rates as much as we are willing to offset. the way you can offset those, i really want tax reform to work. i want to find a way to pay for it. we can go th

the 2018 federal budget colluding discussed in congress. >> president of the committee for a responsible federal budget. join us after the house passed its 2018 budget resolution. explain where the budget goes from here and why this is important to the republican taxi from effort trying to it is very important to the taxi from effort. passing a budget is also very important for running a country and it should be noted to anybody that we're passing the budget now after the country system has already begun. this is way,gu way late in the process. i think that speaks to the problem that so often we these budget deadlines. that said, if you want to use and people who this more than they want to but the term reconciliation. reconciliation is a process that allows the senate to pass something with 50 votes, 51 votes instead of safety. expedite, easy to get things done. in order to have reconciliation you have to pass a budget. months late house house and the are passing their various budgets. include reconciliation instructions though they're different, and the next it is going to be a both passive and then have to reconcile the mea

the house to vote today on the senate budget resolution. telling lou dobbs he is confident the house will pass the budget as is. >> i think the senators will come together. i think the house is looking really good. they are passing this bill along rapidly. in fact it will happen hopefully today i did make a couple calls. i said fellows, no changes. just pass it along. we have to get tax cuts. i think they will do that. in the republican party is a true since have great unity. >> enough unity. here to weigh in is the senior policy analyst and former white house senior policy analyst oliver mcgee. good morning. thank you for joining us. oliver, welcome to the show. what you think? great unity to get tax reform passed? >> yes, i agree in a statement that i believe the house is going to pass the bill really quickly so we can get this into the process of committee and reconciliation. really the difference is trying to control the increased deficit at 1.5 trillion over the next 10 years and that is really what they are talking about reconciliation

those hopes sparking up again as we have the house passing the budget which in turn leads to higher hopes for a tax plan getting through. all the major averages are up. the russell 2000 of small caps is outperforming again. it is coming back to outperforming, up 4/10 of 1%. this is a small domestic dust and index for small, domestic orient -- an index for small, domestic oriented companies. here you have the s&p 500 versus the russell since the election. the russell had a big outperform its initially and sort of went sideways for a while, had another leg up in september and has gone sideways and is taking up relative to the s&p 500, the relative performance improving as we get this latest wave of tax hopes. there is a deutsche bank index of highly taxed companies and low taxed companies. here is a ratio of the two and the red line goes back to the election. they bottomed out in august and september and now they are rising again. ofs is just another way making a proxy for what investors think will happen on the tax plan. earnings are a big seem so we have to get back to that and look at so

the budget. so every little dollar that they put in this outline that is the budget could matter. >> the house calls for deficit new tral, the senate is calling for what, 1.5 trillion deficit spending for the tax cut s that right? >> exactly right. the house budget goes after things like t would change medicare overall, reform medicare in a way that many in the senate don't necessarily think would pass there. but the senate on the other hand would add over a trillion dollars potentially to the deficit. and that's something that the house doesn't like. so this leads through conflict ahead but right now each chamber is taking its own route on the budget. >> less than 30 seconds. what are the chances of this happening by the end of the year? >> not good that all of it happens by the end of the year. i think the date to watch is december 8th when the next spending bill runs out. many of my sources say they think a lot of this could let lurched into one giant bill or debate around that time. >> lisa desjardins, thanks a lot. >> sure thing. >> woodruff: throughout this week, we've been focusing on the nat