david: joining me republican congressman tom reed of new york. member of the house ways and means committee. that is the committee that writes the tax bill. what have you heard, congressman? do you know what's in it? >> we don't know details but this is a great sign of tax reform advance to the finish line. david: talk about basics. rate cuts what would you like to see and what will you see? start with individual rates, what will the top tax rate be for individuals? >> you know on the committee we're working hard for years. we're looking to lower rates for everyone. individual side, low end expanded zero and 12% start and 33% top rate. david: let me stop there. 33% is five, six, seven percentage point lower than what it is now, depending what you add into it with obamacare payouts and stuff. how do you think that would affect the economy specifically? >> i think it would lead to great job growth. it would lead to unleashing of innovation of the american spirit again. this is a great opportunity for us to fix this code once and for all. david: the

we joining us now, is representative tom reed, republican from arizona.n looking into some of this. now, congressman, the top 10 universities, we put our own list together, the top richest universities in the u.s. have a total endowment of $169 billion. why do they need tens if not hundreds of billions from u.s. taxpayers? >> that is the question i'm asking, and in our legislation we've been working on last year-and-a-half, two years, all we're this money go to working families in tuition deduction on investment income that comes off billions of dollars in tax-free manner. if the taxpayer is paying for it, we have can do better in ivy league and elsewhere sitting on a huge taxpayer money. david: that is huge point. all money they make in investments is tax-free. they're education al institutions. i don't want anybody to pay more in taxes but the income alone is enough to pay tuition for all of the students. why do any students need aide from u.s. taxpayers when they have enough in their endowment to pay for all their students? >> you're definitely agreein

republican tom reed of new york saying politics should be kept out of the funding bill. >> so we asked if you're concerned about the chance of a split between yes, not yet, and not at all. you can weigh in now by adding to our nbc washington facebook page. >>> right now, d.c. police are looking for this teenager who has just been reported as a critical missing person. 16-year-old anthony castro zafala was last seen friday along sheridan street northwest. he's described as hispanic with a light complexion, 5'5", and 180 pounds. brown eyes, black hair. if you know anything about his whereabouts, you should contact police. >>> meanwhile, hollywood's elite making these missing teenage cases a story nationwide. and d.c. leaders say they're thankful. tonight, an inside look at the city's plan to keep our kids home. >>> first at 4:00, the gift each student at a maryland school is going to get thanks to jimmy fallon. >> love that shot. and in wedding season, new etiquette about what y sho creating a cleaner environment by using cleaner energy sources we've reduced carbon emissions by nearly 25

. >> congressman tom reed is a republican from upstate new york and also vice chair on president trump's transition team. congressman, thanks for being with me. >> good afternoon, craig. thanks for having me on. >> let's start with this health care vote. how good is this bill he's talking about, what have you heard about a pending vote? >> i think we're getting closer. i know over the last two weeks, members have been talking as we go back to the districts. and i think that bodes well going back to d.c. to get health care taken care of in regards to the first stage of the process. health care is going to be a longer issue, we have to keep that in mind as we go forward. >> we spend a lot of time talking about a health care bill getting out of the house. we don't spend as much time clearing the upper chamber, the bill that you're talking about right now, is it the kind of bill that would clear the senate, as well? >> i do believe it is. we've been working hard to fine tune it in the house and knowing that we have 51-vote threshold opposed to 60 votes in the senate, frees up the runway spac

joining me now, congressman tom reed, republican from new york. let me start with where we were.nt sitting at home and, once again, there's a band aid that goes on for the next week, what do you make of the job you guys are doing up there on the hill? >> i share the frustration. we've got to get the lights on here and keep the government funded. we're going to do that today then move to the longer conversation to fund it through the rest of the year. >> health care then. you told bloomberg you were undecided on the revised republican proposal. you were a yes the first time around. where do you stand now. >> as we looked at the legislative text, i'm a lean yes. the fundamental reform about pre-existing conditions are protected in the amendment. we have to take care of america's health care because it's not working for the american people. >> what will it take youoe from a lean yes a firm yes or thother way? >> depends on what happens the next few days. if there is additional legislative change. now, i'm comfortable where we are and we're getting closer to the senate. >> we've been

joining me now is the chairman of the problem solvers caucus, republican congressman tom reed of newco-chair democratic congressman josh gottheimer of new jersey. this tax reform plan, can you get behind it? >> i'm eager to see the details. i'm all for lowering taxes, and so i think today is going to be very interesting to see how we get there and what the details are. if we can work together and this is one of those opportunities that tom and i agree and so does our caucus, if we can find bipartisanship, we should do it. we've been talking about this for months. >> congressman reed, given how much this could blow a hole in the budget, fiscal conservatives, can they really get their head around a plan like this? 15% is a lot and it's very much a wait-and-see plan to depends on a lot of things. trickle down economics doesn't work for everybody. >> being on the committee in the house, we've been working on this for years. this is another step in a positive way to get to the finish line on tax reform. no one can defend the broken tax code. when we talk about the deficit, we're all conce

tom reed of new york told me just moments ago right off the house floor that he was in favor before thew he is undecided. this is a big danger for republicans. they gain some people and lose some moderates. ahil, we will have a lot more on this topic tomorrow at 10:00 a.m. will carolina congressman be on talking about this theoretical bill coming through. scarlet: the market closes next. take a look at how stock indexes have given up their gains. modestly lower now. dow losing 17. s&p off by one. this is bloomberg. ♪ scarlet: we are moments away from the closing bell. "what'd you miss?" u.s. stocks giving up gains peerages closing short of a record high. i'm scarlet fu. joe: i'm joe weisenthal. if you're tuning in life on twitter, we want to welcome you to our closing bell coverage every weekday from 4:00 to 5:00 eastern. scarlet: i'm just looking at the screen for the nasdaq, closing just negative. no record high. unchanged when it comes to the present mark. the dow jones industrial average losing, and the s&p 500, little change on the day. a lot of headlines, starting with attacks hea

joining us with more is member of the house ways and means committee, tom reed.tdown be averted. >> it will. we're working hard. we'll have to do a one week extension. the agreements are coming together. we'll keep this government up and running. >> will we have this conversation again next friday? >> we may have to have another conversation but at the end of the day we get through it. move on to health care and tax reform. >> is there any chance that someone tries to throw in some monkey business between now and next friday given we'll push it off and who knows what happens. >> of course it's washington, d.c. that's why i'm working in a bipartisan way to get other alternatives. we have democrats taking some leadership roles to avoid a government shutdown. >> realistically you've done the count. where do you think the repeal and replace of health care, aca stands right now inside the house >> we've been working the last two days late into the night and we're getting very close. it's going in the right direction. we can move this bill sometime next week is my goal

reed medical center in northwest, d.c. is about to get a major makeover. >> they cared for tens of thousands of military families for more than a hundred years. tom explains what it will bringex the city that needs it. >> reporter: the old walter reed army hospital off georgia avenue first opened in 1909, closed in 2011 when it moved to bethesda. now, three million square feet of retail and housing will take its place. >> it will be a fantastic collection of housing and retail and park space and a wonderful school. >> reporter: mayor bowser also says thousands of residents living nearby would no longer have to travel to the suburbs to shop. stemming major tax losses here and in other parts of the city. >> that we had about a billion dollars every year leaking out of the district into the suburbs. >> reporter: the massive redevelopment could bring traffic problems on georgia avenue. future street car lines could be in the work. >> ultimately there will be continu continued discussion on whether street car will come up to silver spring. ♪ ♪ >> reporter: despite the ceremony today, one setback is still unresolved. weg man's dropped out of putting it

tell tom macarthur - stop trying to repeal our health care. >> reed: did you see what's in the drivewayempty. >> reed: exactly! my car's gone! mom already sent it away! >> billy: yeah. i see that. look, reed, i know this is a downer -- >> reed: grandpa gave me that as a gift! what gives her the right to take it away like that?! >> billy: she's your mother. >> reed: [ sighs ] >> billy: she gets to make that call. and this is not easy on her, either. >> reed: [ scoffs ] i don't get it! i mean, last night she throws me this awesome party, gives me the coolest guitar ever, and then goes ballistic over grandpa's gift?! >> billy: well, your grandfather should have consulted with her, but he didn't, okay? look, man, you can't make her out to be the bad guy here. >> reed: mom and i were getting along so well. and now she's back to being the same mean, up-tight person with a zillion rules. what's wrong with her?!

. >>> thanks again reed tucken, senator daschle and tom skully, our first pam. we are going to move right into our next panel. we are going to dig deeper now into stabilization of the individual insurance market while our next panel is coming on is to stage to give you an idea of what is to come after that. we will take a short break and let you stretch your legs and refill your coffee after this panel and we will come back and dig deeper into medicaid moving forward and we'll get the on-the-ground consideration and implications after that. if you are tweeting with us, the #is futureofhealthcare. my partner, sarah dash. >> thanks again, everybody. thanks to senator daschle, tom skully and dr. reed tuxen for the previous enlightening panel. we now have one hour to fix the individual market. we have until 10:45. we are going to focus, as marilyn said, on stabilizing the insurance market. what that means in the short-term and the long-term. while this market covers fewer than 10% of americans under 65, it obviously has an outside focus in today's health policy deba

the redevelopment of the old walter reed army campus in northwest, washington. tomrwood reports it's one of the largest and most anticipated projects in our city. >> everyone in the program, come to the stage! >> reporter: getting the ground-breaking under way, or nearly lost in the crowd, chatting up neighbors pch. >> one, two, three! >> reporter: steven wattly was right at home. the native washingtonian and 30-year citizen of the walter reed neighborhood welcomes a three million square feet redevelopment of the old army hospital campus. >> it has so many aesthetic things, the rose garden, so many other locations are beautiful. and it will be a definite asset to the community. >> reporter: walter reed closed in 2011 and moved to bethesda. the district gained half the property, 66 acres from the federal government. the other half to the state department for mayor muriel bowser on the city's half. >> a spectrum of housing opportunities, park space, retail space and a school. >> reporter: for long-time residents like wattly, who served army time at walter reed and liv

tom price's old house seat from red to blue. >> nbc's kasie hunt is in georgia. >>> also mayor kasim reed joins the conversation.ust moments away. does your makeup remover every kiss-proof,ff? cry-proof, stay-proof look? neutrogena® makeup remover does. it erases 99% of your most stubborn makeup with one towelette. need any more proof than that? neutrogena. we were in a german dance group. i wore lederhosen. so i just started poking around on ancestry. then, i decided to have my dna tested through ancestry dna. it turns out i'm scottish. so, i traded in my lederhosen for a kilt. ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you. your date with destiny has arrived. let's do this! new cinnamon frosted flakes are finally here. sweet cinnamon and the frosted crunch you love. well? tastes like victory t. tastes like victory. they're great! ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid. experience amazing. >>> before w

reed gets the last words on donald trump's conflicts tonight. thanks, appreciate it. i want to say a special good night to tom broderick, he and i were elementary classmates, altar boys together and we were in the church today in dochester for the last time. this was tom's funeral today. we miss him already. good night, tom. "the 11th hour" starts now. >>> tonight, pressure mounting on the senate committee investigating possible ties between team trump and russia. >>> another day, another campaign promise in doubt. news tonight about that big, beautiful wall donald trump promised to build. and pushback from his own party. >>> and the vacation's over for the country's 44th president. his former press secretary weighs in tonight on a harsh new critique from a fellow democrat. "the 11th hour" begins now. >>> good evening once again from our headquarters here in new york. i'm micolle wallace. brian has the night off. it's day 95th trump presidency and this white house is still dogged by questions about its ties to russia. it's at the story we've devoted more time to here than any other since inauguration. and aft