willie adams joins us as secretary from the iowu. unfortunately, he had a previous vacation schedules so he was not able to be here today, but he will be joining us going forward. we're pleased to have them. we will officially welcome him at our next meeting. i have several items to report. the very first is to comment on the grand opening this past friday of the mission rock resort an oyster bar, formerly known as caylee's mission rock. it has been closed for some time in that area of mission bay. this is a really exciting exchange -- a change for the waterfront. that restaurant has been closed for quite awhile. this past friday, the resort reopened. it looks beautiful from both land and water. i got to see it both ways. and it opens to a stunning success this week and, in part probably due to the giants' home game. the restaurant is a full-service restaurant upstairs with a popular oyster bar. downstairs is more of a quick service cafe. the oyster bar and restaurant will be open nightly, and the oyster bar will stay open until 11:0

adam: 11 minutes until gerri willis's program. party texas senate candidate ted cruz is calling to open the floodgates on campaign donations. he said earlier, this is quote, i believe in free speech. i would eliminate the all the limits and require disclosure. should contributors be allowed to donate as much money as they want? joining us to discuss this from the rnc convention, senator john barrasso himself, up for re-election this year in wyoming. love your next of the words, sir. been to jackson hole. it is beautiful. when we talk about campaign finances. a lot of people think that is ugly. what do you think about candidate cruise is calling for, donate as much as you want just identify who you are? >> i sport ted cruz's election to the united states. he is constitutional scholar. been lecturing on the constitution since his days in high school. i will do everything possible to get him elected to the united states senate. with regard to financing of campaigns, laws are passed supreme court rules on that. you want openness, you

adam and monica, thank you for joining us. that is all we got. gerri: hello, everybody. i am gerri willis. another blow coming to taxpayers. taxmageddon is just six months away. it is becoming increasingly doubtful congress will get its work done on time to prevent a late start to next year's tax season. that could delay refunds for everybody. joining me now to discuss this important issue is the cbo director doug holds eakin from another president of the americas action reform. always great to see you. it doesn't look like anything is getting done. let's look. they are going to do anything until after the election. that means they would have 26 days in the senate and 15 days in the house. what is the likelihood that they will get anything done? >> i think it will absolutely get something done. the question is, how soon. as he pointed out, there are problems with delaying it. the irs does meantime. it needs to send withholding tables to employers. the software companies need to know what the tax code really will be for taxpayers in 2013. people don't get the amt fix, we will see there 3000-dollar refunds go away. gerri: it

adam: thank you guys for joining me. melissa francis will be back eventually. we have to say so long. romney policy director will be with us. "the willis report" is next. gerri: tonight, hurricane isaac downgraded to a tropical storm. we are live in new orleans. paul ryan is ready to introduce himself to the nation. we have new details on what he's going to say. welcome to the "the willis report." ♪ ♪ gerri: to welcome everybody. i am gerri willis. we have up-to-the-minute coverage on tropical storm isaac. as you know, it has been wreaking havoc on the gulf coast. the deadly storm making a painstakingly slow trip inland with major surges and flooding expected throughout the night red fox news anchor shepard smith is in new orleans with the very latest. what is going on there? >> if you are in this french quarter of new orleans, you would say we got a lot of rain and there was a little flooding. but if you were here in plaquemines parish or east along the mississippi coast, you might think you are revisiting of this from seven years ago. in fact, the plaquemines parish president said today that the flooding in his area south of new orle