mr. president thanks so much for sitting down with me today thank you here we are
and the week that the Dow Jones Industrial Average just hit twenty three
thousand five and a third trillion dollars of market value created since
your election and largely because of this anticipation and hope that your
policies will get into implemented tell us where we stand on the tax plan right
now we're doing very well we will we had a fantastic vote as you know and with
budget is indirectly passed now it's going to go through a little bit of an
iteration but it's going to end up I think again doing very well and I think
we're going to get our taxes I think it's gonna be well hopefully before the
end of the year but maybe much sooner than that you know there's a great
spirit for it people want to see it and I call it tax cut so it is tax reform
also but I call it tax cuts it'll be the biggest cuts ever in the history of this
country and I think that this tremendous appetite this tremendous spirit Ford not
only by the people we're dealing with in Congress but for the people out there
that want to see something $5,000 almost it can be $5,000 average per individual
per per group and so I'm really looking forward to it let's see what happens it
could be quite historic I know that this weekend is the 31st anniversary of when
President Reagan last instituted tax reform Sunday that's a big deal exactly
do you think you have the votes I think we have the votes I think that Rand Paul
actually is going to vote for the tax cuts I think that other people you know
we had tremendous enthusiasm this time health care I was told was tougher but
it was close I mean so far I would say it's not even a contest and I will tell
you speaking of health care I believe we're going to get that also it'll be in
the form of block grants to the different states and it'll be a
wonderful Health Care it'll be a tremendous health care managed properly
in smaller doses where you can really do it much more individually so I think
we're going to get that also in a little bit later probably in three or four
months from now but I do believe we'll have that long before the election in
eight as far as taxes are concerned you see
what's happening it's really doing well great enthusiasm yeah you showered on
the health care bipartisan plan a bit right from Lamar Alexander and petty
Mari well I've looked at it very very strongly and pretty much we can do
almost what they're getting I think he is a tremendous person I don't know
senator Murray I hear very very good things but I know that Lamar Alexander
is a fine man and he is really in there to do good for the people we can do
pretty much what we have to do without you know the secretary has tremendous
leeway in the under the Obama plans one of the things that they did because it
was so messed up they had no choice but to give the secretary way because they
knew it had to be he or she would have to be changing all the time and we can
pretty much do whatever we have to do just the way it is so this was going to
be temporary prior to repeal and replace we're going to repeal and replace
Obamacare and I think we actually have the votes people are criticizing me for
saying that I think we actually have the votes for that you know we were
basically one short and I think we're gonna have the votes for that also Marie
yeah I would ask you about that because even your supporters say you know he's
got fantastic policies we want to see this through but the bickering and the
feuding actually gets in the way so obviously the feuding with Senator
corker I think there's a personal thing going on between you and Senator McCain
do you worry that this bickering and feuding gets in the way of your agenda
no and sometimes it helps to be honest with you so we'll see what happens at
the end but I think actually sometimes it helps sometimes it gets people to do
what they're supposed to be doing and you know that's the way it is I just
want what's right and I think for the most part they want what's right too so
we'll see what happens but I do believe we have the votes for health care at the
appropriate time and I think that we're going to have the votes for taxes and I
will say the fact that health care is so difficult I think makes the taxes easier
the Republicans want to get it done it's a tremendous tax code I mean
especially for the middle class and especially for business we have you know
we're losing our companies we have companies leaving and I have to say
since I've been elected that's really stopped it's really slowed down there's
a tremendous enthusiasm for business in this country so a lot of things have
changed then you see the job creation as well this year has been so fantastic
they can't get this tax bill done this year should they forego Thanksgiving and
Christmas should they be here if they don't have a bill on your desk by
Thanksgiving well I think they should and I think they will I think a lot of
things are happening I list you know that's gonna be right after that but I
don't even like them leaving but I will say this I want to get it by the end of
the year but I'd be very disappointed if it took that long it could be
substantially less than that depending on what happens when we send the bill
back to the house you know they'll send it back and people are gonna go and you
know make 200 suggestions as opposed to maybe no suggestions because it's a
great bill it's going to be a great bill and we're adjusting we're adjusting so
that there's no way that the middle class doesn't greatly benefit every once
in a while there's a method under which you know it could be that some people in
the middle class won't benefit as much as we want them to benefit and we're
making certain adjustments but I think we're gonna have it sooner rather than
later this week and said you are insisting that they have a fourth
bracket it's on your insistence that they have a fourth bracket I know that
you're very focused on the middle class but do you want to raise taxes on the
rich for the fourth bracket well he really said that on the basis that I
wanted it or was thinking about it because I want to make sure that middle
class gets taken care of so in that way yes but actually we do have four
brackets because we have a zero bracket and people aren't including that so that
would actually make it a fifth bracket as opposed to an eighth bracket on the
other on the other side on the other way I call that our competition which is the
competition of the past no I think that when when Paul says that we may not have
that but I would rather do that than do anything to hurt the middle class let's
see that's what I don't understand and I followed your policies really closely
the the state and local income tax deduction elimination you take that away
and then you go to a fifth bracket or fourth bracket however you want to say
it and you get a higher rate for the top earners if the top earners pay 80% of
the taxes why are you so afraid to cut taxes on the top earners I think this
look you know I am very happy with the way I've done prior to this in my
civilian life all right other people well it's about me and representing rich
people let's say representing you know being representative of rich people was
very interesting to me Bob Kraft was down he was very nice he owns the
Patriots he gave me a Super Bowl ring a month ago
which was very nice yeah that's right but he left this beautiful ring and I
immediately give it to the White House and they put it someplace and that's the
way this but he said to me he's a good man he said to me you have to do us all
a favor give the tax decrease to the middle class we don't need it we don't
need it we don't want it give it to the middle class and I've had many people
very wealthy people tell me the same thing I've had very few say I want more
I want more they really want to see you know the middle class has really not
done very well over the last long period of time and so when Paul mentions maybe
one more category which I'd rather not have it may not happen but the only
reason I would have and he does say this is very plain nobody said is if for any
reason I feel the middle class is not being properly taken care of much more
of my exclusive interview with President Trump in just a moment including the
president's take on the corporate tax rate whether the end of NAFTA may be
near follow me on Twitter at Maria Bartiromo at Sunday futures let us know
what you would like to hear stay with us we're looking ahead this morning on
Sunday morning futures right here
well welcome back more of my exclusive interview right now with President Trump
moments ago we heard what the President had to say about individual tax rates
but the corporate rate will be critical and that certainly will be critical for
the economy I asked him about that we need the corporate tax down you know
maybe is the most important and we have a lot of most importance but bring it
down from 35 down to 20 percent that's a massive it was the biggest that we've
ever done it's a big deal on the corporate rate for sure it's a big deal
for companies it's a big deal for investment I think one of the other ones
is expensing you know when you write something off in one year as opposed to
you know over many years I think that's going to be tremendous we have so many
things in this plan that are going to be for growth and you know your next
question is going to be deficits and all and I fully understand that and we all
understand it and growth if we pick up one point on GDP that's two point five
trillion dollars if you think of it two point five it more than pays for
everything and I think we pick up much more than one point and I've been the
one that's saying we're gonna hit three sooner rather than later
well last quarter we hit three point two yeah we haven't been there Maria we
haven't been there in a long time it's been a long time as you know the
previous administration didn't hit it for the year for eight years in eight
years it didn't hit it at all here we headed in you know an early quarter for
me and actually before that it was down in the ones it was down in the ones I
used to like one and a half percent growth for a long time you know I call
up I'd become friendly with leaders of other very very you know large countries
and then said how you doing and they would say we are not doing well we are
not doing well GDP is at 7 percent GDP is at 8 percent we are not happy and I'm
saying you know we had it at 1 percent so I really think we can do much more
than a portent let's see what happens but one point is two and a half trillion
and millions of jobs let me ask you about your recording of the Democrats
recently I mean the reason that I brought up this other bracket is because
I feel like the Republicans get bullied by the left by this whole talking point
of it's always tax cuts for the rich yeah you've been that's an automatic
talking point I mean are you getting bullied again I
don't think so I've been doesn't seem like it we just got the budget you get a
fifth but here's the thing Schumer I like Schumer but before he even knows
the plan say oh this is for the Richard so he doesn't even know what the plan is
and he's screaming it's for the rich he did it with health care too he said this
is for the rich this is for the rich you're not gonna get your coverage
everybody is going to go into hospitals it's going to be terrible the world is
coming to an end okay didn't even know what the plan was and that's okay you
know we're all learning politics right and he said that voice it's the same
thing because I some two days ago before I really knew what was happening he said
oh no it's for the rich it's an automatic statement it's like in
business you asked for twice as much you go back with Chuck Schumer I like you
both for this is helpful in terms of in negotiations I don't think it matters I
mean I really don't but I met with the Senate Finance Committee I met with the
Republicans Democrats together right across the hallway two days ago we had a
great meeting Ron Wyden was their chairman we had a fantastic meeting
there's a lot of similarity they want tax cuts all summary they want tax cuts
and they want them as fast as possible now they don't want to say it and
they're saying oh gee you know the the middle the middle class I call them the
working people because they really are the working people but the middle class
doesn't benefit that's that's just standard but they know it they do
benefit they're the big beneficiaries the other thing the other big
beneficiary jobs wages what's been my priority and if you look at what I've
done between regulations I've cut more regulations in nine months than any
president has cut during the entire term that there were nobody's than President
Bush I mean the the federal pages are down 30% under your leadership and and
by the way I've just begun because I mean really a lot more I mean I think I
can double it before it's over but a lot of its statutory where you have to give
a 90-day notice and then you have to give a hundred and twenty day we've
given those notices I mean we're going to be doing a lot more but you look at
you know Keystone pipeline Dakota access pipeline these were all dead projects
they approved them in my first feed days I mean literally in my first we had
a three point one percent GDP because of the regulation rollback that you did
there are some industries that are not that regulated I'm wondering what you
think about tech right now because you have these companies that are more
powerful than ever before they've got everything all this data on us they're
selling the data should the tech companies be more regulated well I guess
some people talk about freedom and other people talk about we want to know who's
taking ads are doing whatever and I would imagine something's gonna come
down along the line like we're doing right now for regular you know whether
it's commercial or not for a normal broadcast company it'll be
very interesting to see you know that's an argument that's happening right now
it'll be very interesting to see what there are two very distinct views on
that I can go honestly I can go either way on if mister president who do you
want to see wanting the fed well as you know I've been seeing a number of people
and most people are saying it's down to two mr. Taylor mr. Powell I also met
with Janet Yellen who I like a lot I really like her a lot so I have three
people that I'm looking at and there are a couple of others I'd say I will make
my decision very shortly pretty shortly isn't there a way that you can get
Taylor and Powell in there because you've got a vice chairman opening as
well you can actually put them both in there is that in your thinking it is in
my thinking and I have a couple of other things in my thinking but I like talent
and they're both very talented people and it's a hard decision sex a very very
important decision people have know most people have no idea how important that
position is that position is actually more put a lot of people say get rid of
the Fed take the Fed out the feds a very important position it's also important
psychologically if the right person is in there a lot of good things can happen
I think I'm doing a good job for business so that way people are coming
into the country you saw what happened with Foxconn going to Wisconsin you see
what's happening with Apple where they're gonna I said to Tim I said to
Tim Cook I said to him I want some of those big beautiful plants that I see in
China they have to open in this country you got to give me some big beautiful
plants it's happening so all happening the auto companies are coming back into
our country coming up to Michigan again they're going back
we're not going to be taken advantage of we were taken advantage of but I
wouldn't say the company so much but by other countries we were so badly taken
advantage of as you know we're negotiating with NAFTA and they have an
election right now and lots of things but at some point either NAFTA will be
renegotiated so that it's fair to the United States or it will be terminated
and it's very simple people think that's a very tough statement but it will
probably be renegotiated but if it's not successfully renegotiated so it's fair
for the United States it will be terminated my exclusive interview with
President Trump as we look ahead this morning on Sunday morning futures back
in a moment
dicks or visit rate calm welcome back debate and controversy last
week over the phone call that President Trump made congresswoman Frederica
Wilson who says that she was listening to the call she accused the president of
not showing proper respects but last week the president's chief of staff John
Kelly defended the president in an emotional statement I asked mr. Trump
about that he is a very elegant man and he is a tough strong four-star marine
either four-star marine your you've got something special to start off with okay
general mattis general Dunford also but very few he he was so offended because
he was in the room when I made the call and so were other people and the call
was a very nice call he was so offended that a woman would be
that somebody would be listening to that call he was he actually couldn't believe
it actually he said to me sir this is not acceptable this is really not and he
knew I was so nice I was like I've called many people and I would think
that every one of them appreciated it I was very surprised to see this to be
honest with you and by the way I spoke of the name of the young man and I it
was it was a really it's a very tough call those are the toughest these are
tougher than dealing with the heads of countries believe me these are very very
hard calls they're sad and and sometimes you know the grieving is so incredible
but he's just an elegant man and a wonderful man and he is doing a
fantastic job as chief the the congresswoman Frederica Wilson she said
oh everything he said was because he's just trying to keep his job he doesn't
need this job in fact he didn't really want this yet he was so happy you know
he's a military guy he was doing this incredible job on the border and
elsewhere you know he ran homeland like nobody has ever run it down 78 percent
of the border crossings that's before the war he was there's nobody plus you
go to the original first day there was nobody close to doing the job and I said
I'd like to take you how would you like it and it's not that he wanted it
actually he would have preferred doing and staying where he was he is a man
that felt it would be important for the country he does it for the country he's
not doing it for what he wants he does it for the country this is a very
unusual man so when she made that statement I thought it was sickening
actually I just want to ask you before I lose you about the border and you you've
said you want a legislative fix for daca what else do you need to see in terms of
the border what are you see we are working on daca we'll see if we can get
something with daca we have to build the wall we have to all you have to do is
look at what's happening in Mexico we have to build a wall going to stop drug
trafficking to a large extent I mean what's happening with drugs and I'll be
making a big announcement on that next week what's happening with drugs in our
country and by the way in the world it's not like we're single down but it's
never been like this and a lot of the drugs come through that southern border
and we need a wall we're gonna have a wall we have to I would like to do
something with daca and we are negotiating right now with the Democrats
we'll see we can come up with a solution but I can tell you I and the Republicans
are very open to it we have to get something in return and last week on
this program we had Prime Minister Benjamin Netanyahu he commended you he
congratulated you for D certifying Iran in what you did last week do you think
you're gonna get the Europeans to support you in terms of sanctions in
terms of not selling technology to Iran honestly I told them they're friends of
mine they really are I get along with all of them whether it's a manual or
whether it's Angela I get along if that I really like those people I told them
just keep making money don't worry about it we don't need you on this you just
keep making money when Iran buys things from Germany and from France and from
the various you know by you know billions of dollars even us you know
they were going to buy Boeing's I don't know what's gonna happen with the deal
we'll see what happens with the deal but but when they buy those things it's a
little harder for those countries to do something would they do it if I really
was insistent I believe they would I told them just keep making money don't
worry we don't need you on this one hmm and on North Korea is our policy with
China just about what it does with North Korea or do we have a separate policy
with China for something from China has been I've developed a very good
relationship with President Xi President Xi is right now going through his
Congress and it's going to be something very soon it's going to happen right
that gives him something that few leaders of China have ever had and I'm
really good with that and to be honest when I told him this I want to keep
things very very low-key until such time as he gets that I want him to get that I
think he deserves it it's a good man but they have been helping us they're
closing off their banking systems to North Korea they have cut the oil way
down now their banking systems we can see because it all comes through here as
you know know the oil you can never really see what's going on but the oil
is way down the oil is a they're doing a lot of things for the first time ever
for the first time ever there was a recent article that said I have the
greatest relationship of any president the two of us and I think we do I really
do I think I don't want to be foolish he's for China and I'm for the US okay
so we start off with that but we do have a very good I would say an exceptional
relationship and China's really helping us and Wilson with respect to North
Korea look 93% of the things going into North Korea come through China China is
big stuff I believe he's got he's got the power to do something very
significant with respect to North Korea we'll see what happens for anything we
are so prepared like you wouldn't believe
you would be shocked to see how totally prepared we are if we need to be would
it be nice not to do that the answer is yes will that happen
you
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