YOU FOR THAT SUMMARY.
REPRESENTING THE STATE OF
>> ABSOLUTELY.
>> Tucker: IS THIS THE TAX
BILL YOU UPGHTED.
>> IT IS A VERY GOOD BILL.
A COMPROMISE BETWEEN THE
HOUSE AND SENATE.
I WAS ON THE CONFERENCE
COMMITTEE THAT NEGOTIATED
THE DIFFERENCES.
IT PRIORITIZES FAMILIES AND
THIS COUNTRY AGAIN.
>> Tucker: TELL PEOPLE THEIR
TAXES ARE GOING DOWN IS GOOD
NEWS AND EVERYONE WOULD
SUPPORT THAT.
>> ABSOLUTELY.
>> Tucker: WHY HASN'T IT
BROKEN 50% IN POPULARITY.
>> I THINK A LOT WHAT THE
DEMOCRATS ARE SAYING OUT
THERE IS JUST LACKING THE
FACTS.
AND THEY ARE SPINNING A LOT
OF SHAMEFUL CLAIMS ABOUT
THIS BILL THAT WE JUST AS
REPUBLICANS NEED TO GET OUT
THERE AND TELL THE TRUTH.
MY STATE OF SOUTH DAKOTA THE
AVERAGE HOUSEHOLD INCOME IS
THAT SITUATION, THEY ARE
THEY ARE GOING TO GET A TAX
REIMBURSEMENT NOW OF $30.
THAT'S ALMOST $1,600
DIFFERENCE FOR THOSE
FAMILIES.
AND WHEN YOU ARE MAKING
>> THAT SEEMS A PRETTY
SIMPLE MESSAGE.
WHY SO HARD TO SELL THAT?
I THINK THAT WE HAVE BEEN AS
A MEMBER OF WAYS AND MEANS
COMMITTEE.
I HAVE BEEN IN THE ROOM
WORKING ON THE POLICY.
MAKING SURE THAT IT WORKS
AND SCARING PEOPLE HAS BEEN
EFFECTIVE IN THIS COUNTRY
THAT MAKES A DIFFERENCE IN
THEIR POCKETBOOKS.
>> THE AVERAGE FAMILY IN
YOUR STATE GETS 1600 EXTRA
BUCKS A YEAR.
>> THAT'S NOT COUNTING THE
GROWTH IN OUR ECONOMY.
>> Tucker: THAT'S KIND OF
>> Tucker: BUT 14% CORPORATE
TAX CUT, PEOPLE LOOK AT THIS
AND SAY WELL, GEE, YOU KNOW,
DOW IS AT RECORD HIGHS TO
COMPANIES WHICH ARE POSTING
RECORD PROFITS REALLY NEED
THIS TAX CUT?
>> ABSOLUTELY.
THE EXPECTATION THAT THE
STAT REFORM WOULD HAPPEN.
WE DID NOT SEAT STOCK MARKET
DOING WELL.
I THINK THE STATUS QUO WE
HAVE PROVEN IS UNACCEPTABLE.
THAT'S WHY THIS TAX PACKAGE
IS NECESSARY.
YOU NOT ONLY NEED TO CUT
RATES FOR INDIVIDUALS BUT
GET THEM HIRING FOLKS.
PUTTING THEM INTO HIGHER
PAYING JOBS.
THAT'S WHAT IS GOING TO TURN
THEM AROUND.
>> Tucker: THE CARRIED
INTEREST LOOPHOLE, A SMALL
THING BY THE NUMBERS.
BUT IT IS SYMBOLICALLY
POWERFUL.
THE PRESIDENT RAN ON IT
AGAIN AND AGAIN DRAIN THE
SWAMP BY GETTING RID OF THIS
PRIVATE EQUITY TILT.
HEDGE FUND MANAGERS.
RICHEST PEOPLE IN THE
SOCIETY STILL THERE, WHY?
>> WE CERTAINLY HAD THAT
DEBATE BACK AND FORTH
BETWEEN THE HOUSE AND THE
PROVISION IN THIS BILL BASED
ON LOW AND MIDDLE INCOME
DISCOURAGE GROIT IN THIS
OUR INTERNATIONAL TAX.
MADE SURE WE CHANGED OUR
CORPORATE TAX TO MAKE US
COMPETITIVE AND ALLOW THAT
REINVESTMENT OF DOLLARS INTO
OUR ECONOMY THAT'S GOING TO
ACTUALLY CREATE THE JOBS.
>> Tucker: NOT A LOT OF THE
JOBS OUTSIDE OF STANFORD AND
GREENWICH.
THEY HAVE GOTTEN REALLY RICH
DURING A PERIOD OF ECONOMIC
STAGNATION FOR A LOT OF
OTHER PEOPLE.
WHO IS FOR THIS
SPECIFICALLY?
I MEAN, LOOK, HAVE YOU GOT
ARGUE IT'S A SMALL THING BUT
IT'S A THING AND CONTRARY TO
WHAT THE PRESIDENT PROMISED.
I THINK IT WOULD BE
INTERESTING TO KNOW WHO
LOBBIED TO KEEP THIS IN.
>> I DON'T THINK ANYBODY
REALLY LOBBIED TO KEEP IT IN
SPECIFICALLY TO ME OR MY
OFFICE AS A MEMBER OF THE
CREDIT.
WORKED WITH IVANKA AND MARCO
RUBIO ON THAT EXTENSIVELY.
WORKED A LOT ON THE SMALL
BUSINESS PROVISION.
I WORKED ON INTEREST
GUCKETTABILITY EXPENSING.
BUSINESSES AND FARMERS AND
RANCHERS LIKE I AM ONE.
ELIMINATING THE DEATH TAX.
THOSE ARE ALL PROVISIONS
THAT I FOCUSED ON MAKING
SURE WE WERE GOING TO GET
>> Tucker: SO TO CLOSE THAT
OUT, IT'S NOT CLEAR HOW THIS
WOUND UP THERE BUT IT'S
THERE.
>> ALL OF THESE HAD DEBATES.
AND WHEN THE DECISION WAS
MADE, YOU KNOW, SO
IMPRESSIVE WAS HOW CHAIRMAN
BRADY HANDLED THIS PROCESS.
HE IS THE CHAIRMAN OF WAYS
AND MEANS AND ALSO THE
CHAIRMAN OF THIS CONFERENCE
COMMITTEE.
WE WOULD PUT FORWARD
PROPOSALS.
THE ENTIRE REPUBLICAN
CONFERENCE WOULD GIVE
FEEDBACK ON.
WE WOULD PUT IN PLACE THOSE
AND THEN THE BILL WOULD
CHANGE.
I THINK ONE OF THE REASONS
REFORM BEING DONE FOR THE
FIRST TIME IN OVER 30 YEARS,
IT'S BECAUSE OF THAT GIVE
AND TAKE PROCESS THAT WE
HAVE.
SO THERE WAS DEBATE BETWEEN
MEMBERS OF THE CONFERENCE
AND BIPARTISAN COMMITTEE
HEARINGS HELD EVEN
BIPARTISAN DISCUSSIONS AT
THE WHITE HOUSE THAT WAS --
THIS BILL WAS THE RESULT OF.
>> Tucker: THESE ARE BOTH
PROCESS QUESTIONS BECAUSE
THEY WERE THINGS THAT
REPUBLICANS SAID 8 OR 9
YEARS AGO ABOUT OBAMACARE, I
THINK THEY WERE WORTH
ASKING.
DEMOCRATS SUPPORTING IT AND
AT LEAST SOME REPUBLICANS
HAVE CONCEDED THEY DIDN'T
READ IT BEFORE VOTING ON IT.
YOU KIND OF WANT TO AVOID
READ IT YOU COULDN'T GET A
SINGLE REPUBLICAN.
HOW DID WE GET TO THAT?
>> YOU KNOW, WE HONESTLY DID
HAVE A LOT OF BIPARTISAN
DISCUSSIONS ON THIS.
I HAVE BEEN ON WAYS AND
MEANS FOR SEVERAL YEARS.
WE HAVE HAD MANY, MANY
BIPARTISAN HEARINGS ON TAX
REFORM PROPOSALS.
ECONOMISTS COME BEFORE THE
COMMITTEE.
WE HAD A FARMER FROM SOUTH
DAKOTA COME AND TALK ABOUT
WHAT WOULD BE IMPORTANT
PROVISIONS TO HAVE IN THIS
TAX REFORM BILL.
THE FACT THAT THE DEMOCRATS
STAND ON TV AND SAY THEY
WEREN'T CONSULTED IS
ABSOLUTELY NOT TRUE.
I SAT IN THE WHITE HOUSE
WITH PRESIDENT TRUMP WHILE
WE HAD BIPARTISAN
DISCUSSIONS ON TAX REFORM.
>> Tucker: I BELIEVE THAT.
>> THAT CAN BE SIMPLY PROVEN
TO BE NOT TRUE.
THEY WERE CONSULTED.
THEY DIDN'T WANT TO PLAY
BALL.
THEY DIDN'T WANT TO HELP THE
AMERICAN PEOPLE.
THAT IS WHY THIS IS A
REPUBLICAN BILL.
AMERICANS WILL SEE BENEFITS
OUT OF THIS BILL NEXT YEAR.
>> Tucker: IF YOU ARE
YOU KNOW.
>> IN JANUARY YOUR PAYCHECK
WILL BE BIGGER.
LESS WITHHOLDING TAKEN OUT
OF YOUR PAYCHECK.
EVEN SMALL BUSINESSES THAT
HAVE PAYROLL, THEY WILL SEE
MORE MONEY THAT THEY HAVE TO
REINVEST IN THEIR BUSINESS
STANDARD DEDUCTION.
INCREASED CHILD TAX CREDIT.
THEY WILL SEE INTEREST
DEDUCTIBILITY AVAILABLE.
NEW SMALL BUSINESS TAX
DEDUCTION THAT IS IN PLACE
THAT HAS NEVER BEEN THERE
BEFORE.
WE REALLY PRIORITIZE THOSE
THAT ARE THE JOB CREATORS IN
THIS COUNTRY.
RECOGNIZING THAT WOULD WHAT