CBS News' Face The Nation, 11/12

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Sunday, November 12th

"Face the Nation" host John Dickerson interviews Senator Tim Scott, Senator Bernie Sanders, and Secretary of the Treasury Steven Mnuchin. Plus, a group of Trump voters share their assessments of President Trump on the one-year anniversary of his election. All that and more on this week's Face The Nation.

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Today on face the nation president trump is on the last leg of his twelve day tour through Asia. And the Republican Party takes some hard knocks on the political front back home. At the end of his trip of president not shy about creating enemies was working hard to make friends. First the North Korean leader Kim Jung un. Strange things happen in life that might be a strange things happen. But it's certainly a possible. I don't know that it will but it would be very very nice if it is. The president spent a little time with Russian president Vladimir Putin and says he's ready to move on. From the topic of Russian interference in the last election. I believe that President Putin really feels that they feel strongly that he did not meddle in our election. What he believes is what he believes he will. Got a report on mr. Trump's trip from Vietnam. Then we'll turn the news back home has the Republican race to get tax reform through congress got sidetracked by party politics. Following big democratic win using key state and local elections Tuesday came a bombshell Washington Post report. Alleging sexual misconduct on the part of Alabama Republican senate special election candidate Roy Moore. He Republicans say more should step aside so he doesn't bring down the party. So far more denies the reports and refuses to drop out these attacks involve a minor. They're completely false and untrue. We'll talk to south Carolina Republican senator Tim Scott and Vermont senator Bernie Sanders plus Treasury Secretary Stephen miniature. Will be here to talk tax reform. And one year after president trumps stunning upset all have a word on what the press has learned. And we'll ask a group of New Hampshire town voters if the president is meeting their expectations. He's got presidential stuff about and it's loud he's an octave I felt like. We'll have plenty of analysis on all in the news it's all coming up on pace to make. Good morning and welcome to face the nation I'm John Dickerson we've got a lot to cover both at home and abroad. We begin with CBS news White House and senior foreign affairs correspondent Margaret Brennan. Who is traveling with the president she joins us from Hanoi Vietnam Margaret. Good morning I'm the president nears the end of the most extensive state visit to Asia by any president more than 25 years. His relationship with Vladimir Putin is again taking center stage after the two met and Vietnam. Mr. Thompson couldn't appeared sincere when he denied any Russian interference in the 2016. US election. I believe that he feels that he and Russian did not meddle in the election. As to whether I believe it or not I'm without our agencies especially as currently constituted with their leadership. He made that clarification after having told reporters Saturday that at hacking was an artificial democratic hit job. Republican Senator John McCain said the president was ninety to take the word. Of the former KGB agent over the US intelligence community which it concluded with confidence that the hacking was directed by Russia at the very highest levels. And it tweet this morning the president called North Korean dictator Kim Jung un short and fat. The president had largely avoided belittling him while here in the region. After an aborted trip to the DMZ the president even extended an offer for negotiations to resolve the standoff over his nuclear arsenal. The weapons you were acquiring are not making you safer. They are putting your regime in grave danger. In Beijing earlier in the week the president pressed she's in pain to cut off any financial support to Pyongyang and emphasized his own. Personal admiration for China's leaders. But during the campaign he accused China racing the US economy now he says he doesn't blame Beijing at all for taking advantage of the US trade imbalance. An economic summit in Vietnam the president brought his America first message. But America still the loan while eleven other countries forged ahead with the trans Pacific partnership the largest free trade deal in history. Mr. trump instead offered to broker bilateral deals with any country in the region but so far. There have been no takers with the president is ending his twelve day Asia trip in the Philippines where he met with the president Rodriguez's staircase at troublesome US ally given his controversial policy. A extrajudicial. Killings. But the top administration has made a virtue out of not publicly criticizing its human rights record instead. Describing the relationship between the two presidents as having a warm before. John. Margaret Brennan chorus in Illinois thanks so much smarter. We turn now to what's going on here at home and Republican senator Tim Scott he joins us from Mount Pleasant South Carolina welcome senators. Senator a number of your Republica colleagues. Mike Lee Steve Danes senators from your time and Montana had said these allegations about. Roy Moore who require him that name and endorsed him others have said he should step out of the race what do you think. Well certainly the allegations are very very strong the denial is not a strong. As the allegations. I think if the allegations are true there's no doubt that he should step aside. And now for the party before the American people we have to find a way to restore trust and confidence. And our elected officials and our and our government and this goes in the wrong direction. In this case though if if the allegations are true he's denying them how do you how do you find prove what would seem interesting about what Mitt Romney said in and Lian Danes have said is they looked at the case has presented by the Washington Post and that was sufficient evidence for them. There's no doubt that the case is compelling the judge and the jury in this case will be the people of Alabama the voters of Alabama. They'll have an opportunity to weigh in very clearly and decisively. And very shortly. Do you. What's your reaction to some of the supporters and Alabama Republicans have said you know even if this is true they still support more. That's the voters and Alabama having their say but does that have any effect on the larger Republican Party. Well certainly I think the reality of it is a voters will be heard and we had very good candidates in that race we had Luther strange and Mo Brooks who is classmen in my when it came in the congress both very fine men. The reality of it is that the ripple effect on the Republican Party is yet to be determined the truth of the matter is we ought to be a party. Focus on principles and we should. Govern according to those principles and we find ourselves cross ways with those principles it's difficult for the American people understand what direction we want to take them. One of the ways that we solve that problem from a policy standpoint it's tax reform. But this current situation. We'll have to be solved by the people of Alabama the voters will be the judge and the jury. All right a move on to head to tax reform in the senate building came out this week it delays the corporate tax cut that the president very much wants until 2019. Some White House sources say that this is gonna hurt growth that's so important that tax cut what's your what's your feeling on. Well certainly we've talked to a corporate America the businesses and our culture what they say is that the higher corporate tax or for the next year will give them an opportunity to write off. Many of the expenses at a higher tax rate which makes those expenses right writing them off next here more valuable but the sooner we get to the 20% tax rate the better off we are the factors that only individuals actually pay that tax. This taxes paid by. Employees with lower salaries consumers with higher prices and investors with lower returns. So we have to get back corporate tax rate down to a competitive position. We now have the highest corporate tax rate. And all of the industrialized world we cannot compete. Well of course some good at that level dispute that that fact because of what corporations can do to get around those taxes. We are a lot of reporting recently about tax havens. This bill. It doesn't really take care of that people are still going to be Elena corporations in the will be able to hide money in tax havens. Shouldn't shouldn't legislation be doing more to make it impossible to hide money in in now offshore accounts. Well the good news has won the first steps that we take in this corporate tax restructuring. If they deem repatriation. Which it basically says wherever your assets are. Anywhere in the world we're gonna have and that's a minimum tax on it immediately of 10% on our plan. 5% if it's not illiquid assets OS to bring those resources home. So loving and create more jobs. Our business tax restructuring will create somewhere near a million jobs over the next ten years American jobs created here at home. Because there and have a opportunity to be competitive in this is really good news for the average person. In this nation that wants to see the job that the future created here at old. Let me ask you about the average person there's no question in this bill corporate tax rates are going down now there's been no studies suggest that they won't. But there have been there's been quite a lot of dispute about whether the middle class is really gonna get a tax cut the joint. To the committee for joined the joint committee on taxation has determined by 20/20 three of those middle class tax cuts for some people are not gonna. The around if this is being sold as a middle class tax cut should their be total certainty about every middle class person getting a tax cut. No matter what year it happens today. We certainly had our at a place where. The vast majority of taxpayers who'll see your tax cut every single bracket will have a lower taxes. The reality of it is that. If you define middle income middle America 73000. Dollars because that's the average income per household in the country. That average households through their taxes go down. 515100. Dollars those folks living in a single parent household at a council. To see their taxes cut in half. And the folks living in a dual household are 171000 dollars. Seized their taxes going down the real question is what we defined a middle class around 250 or 300000 dollars. Which is in the top 5% of income in the country you do you have some times where it. 80% of taxpayers to their taxes go down. A single folks like myself let's see their taxes go up in some instances based on item is nation vs doubling the standard deduction and using it. I think the study show that in point 33 minutes actually at a much lower income level that people might see their their taxes go up but let let me ask you one of final question about something that came out of the of the Virginia race the I the issue of confederate statues was brought up by the Republican candidate Ed Gillespie in that race you in South Carolina. Of course went through the painful issue of the confederate flag. President trump is sad that keeping the statues up as a part of our heritage as Americans. What should The Who is do you agree with that view and if not what should the Republican view beyond those. They've just released decided state by a statement here is one of the most powerful pictures I've ever been a part of defending President Obama standing in front of the pettis bridge in Selma Alabama. Pettis bridge is a bridge where folks like John Lewis almost lost their lives trying to find a way to secure freedom for all Americans. The pettis bridge called the pettis bridge. Having an African American president decided by the people of America is the most powerful sign significant sign of progress in this nation. There is an opportunity for us to understand and appreciate. The provocative nature of race in this nation are looking at the symbols of hate and the symbols of progress. We can do both the question will be how states make that decision do you believe this tensions are symbols of hate. Well obviously believe that for the Fed spurs certainly was there a place where hate was carried out and they did very violent way. The beauty of coming back fifty years later and co leading. A group of congress members to the bridge and having the president sought to stand below it. Is that. That is a great picture of progress in this nation I can't say that's true for all statues but I certainly believe. Certainly have a history can't sanitize history is what I'm trying to say the reality of it is having the Fed experts there still may in the pettis bridge. Is that a sign of how dark the heart community and be. If sign a pal lights are bright we can become of them. I'm senator Scott thanks so much for being with us. Joining us now is Vermont senator Bernie Sanders he's in Burlington senator Sanders you tweeted something this morning about the president and his meetings overseas you said quote president trump. Has never been a leader of an authoritarian nation and that he didn't like and you named Russia and China Saudi Arabia. Is that really fair President Obama hosted a state dinner with the Chinese president. He was quite solicitous of the Saudi king any try to reset with potent in Russia isn't this what presidents do. You wanna make friendships you want to have good relationships. But at the same time as we have a president attacking the media every day as fake news. Encouraging Republican governors around the country who suppress the vote. Up playing the race caught in the sense of trying to divide us all. Like the color of our skin I'll watch the country that we came from while he's going to all of these things he has wonderful things the thing about. On this important the idea that he reports back what's that missed the poor and said. That Russia did not have anything to do in terms of interfered with our elections. Is an ad people leaves them. While he does not believe the intelligence agencies of the United States of America ought is beyond the third. We ask you about this question a Roy Moore is running for the senate and in in Alabama. You know when he talked when I talk to Democrats they basically you want Republicans standing you know. Be stuck with this mess. EB is that really. A good idea that this is in this issue and these allegations and what as a public we do with allegations. Like this a little bit more than something that has to just be handled as a great it's the other team having a bad time. I'm an allegation true right allegations are allegations on and this award. Penalize the most of the allegations like got up and not all but I think if you're on I think Mitt Romney made this point but John McCain made this point. That if you look at the at the report done by the Washington Post which is a very thorough. A report it was not done by opposition research. I think you can reach the conclusion. That what this gentleman did was totally inappropriate. And not the kind of behavior up that a United States senate should. All right senator Sanders we're gonna take a break and talk about politics and admitted I should note that the president did in fact say that he didn't believe that intelligence. Agencies. After his original remarks so he did clean that up but we'll be back in a second we'll talk about the other things on the other side this commercial stay with us. And we're back with senator Bernie Sanders senator Rick Democrats had a good week this weakness on Election Day. A lot of it analysis has it as a kind of anti trump message that that's what's spurring the Democratic Party. Is that healthy for the Democratic Party doesn't paper over some of the internal questions you all are having. Well John what was to be most exciting was the only big important victories in in Virginia or New Jersey for government. But also all over this country and I think the media hasn't quite picked up on it yet. You are seeing grass roots activists people for the very first five young people working people. Running for state legislature running for City Council running the school board and winning both elections. And what I have always believed. Is that the only way we're gonna transform this country the only way we're gonna take on the top 1% effectively is when millions of people get involved in the political process. And that's what we're beginning the things about excites me. A very very much. I do believe that in many ways of the election on Tuesday was a referendum on trump and the American people very clearly said no. We're tired of that that this missile trump. All we're tired of his policies. On the fight to get tax breaks to billion asked the full 2030 million people off of health insurance that's not what we want. From an administration we want real change in this country even wanna government represents all of us not the 1%. You talk about that energy in Democratic Party in the progressive movement in the liberal movement whichever Harry wanted to define and one of the things I hear from people who are lifelong Democrats is. They hear you giving the Democratic Party advice and they say wait a minute he's not a Democrat why is he giving us advice intends to irritate them what's your response. Well it may irritate them but it does fighter picked the American people look one of the problems facing the democratic. Party is that it has got to open all its books. The truth is that even the Democratic Party or the Republican Party today are held in very heart of steam by the American people like just the fact. There are more people now more independents than Democrats or Republicans so to say to independence. Lady young people overwhelmingly independents and working people we don't want you to come in to the Democratic Party is totally absurd and it's a recipe for failure. Now in my view the Democratic Party needs to make fundamental changes we need to do away with the each ordinary number of super delegates. That now exists in the presidential nominating process got to do away with closed primaries. Got to reform the caucus system to allow everybody to vote and you need more transparency. At the DNC a lot of money goes from there are people need to know how we need a fifty state strategy. The half the states in this country have a Democratic Party which but it does not exist. What if the senator at the DNC made those changes democratic and come party made those changes would you advise your former supporters who are basically saying the party can't be fixed we've got to create our own progressive movement would you encourage them. To stop that and then strengthen the Democratic Party. Well I am working very very ought now to reform the Democratic Party. I'm working really hog to see that we raise the voter turnout in this country that we bring people give them up on the political process in so. The Democratic Party that's where we all right now. Thought I think that now is and we say we saw this last Thursday. We saw our whole Lotta people who would never before been involved in politics getting involved in politics that is what we have to go and when we do that. We will have to kind of energy that we need to soundly defeat the right wing extremism which has now what the Republican Party is and Donald Trump as well. All right senator Sanders we'll have to leave it there thanks so much for being when this we turn now to some analysis from our political panel any Walter is the national editor of the cook political report. Jeffrey Goldberg is the editor in chief of the Atlantic and Adam Keefe covers congress and politics for the Washington Post and this is CBS news contributor Jeffrey I wanna start with you. The president has been into places on Russia here. What is your assessment of I'm again he's back on this question of whether he believes his intelligence community. Having rhetorically is to place I think his heart is in one place I mean this is my recruiting is one person is never criticized. He attacks the American intelligence community far more often in the attacks. Russia and and prudent. He's obviously walked back some of his comments. About Russian interference because his own CIA directors saying that's not correct and he wants him on his side obviously but I think his his heart in in his heart it seems as if he believes. That the Russia story the Russian controversy is manufactured by his enemies and he really believes that. Prudent is in the driver seat in their relationship meaning he believes that he needs potent women who needs him it's really quite fascinating actually because we is unprecedented. An American president relating to a Russian leader in this way we. And it's and it's the completion between. Collusion vs Russian meddling crank that the president is really focused on there's been no conclusion on collision there is no collision between my campaign. And the Russians which is true. We obviously haven't investigations going on on that's what is not in dispute is the fact that Russia. Engaged involved metal in the 2016 election but the president is not separating those two things out and and he made the further claims. Which is also dangerous is to say well. I don't really believe the last administration when he came to their views on Russia but mine now that we have my administration. We can believe test. And listens to me where we're gonna you know we continue to go as a country which has this fierce partisanship. And the desire to only believe one side's team over the other sides team. In times of great crisis that is a very very dangerous place to be people only believe your team and what they're telling you about the safety of the entire country. Especially when I like six people at the CIA were put there by Donald Trump and everyone else was working there when Obama was president. Not only this situation when I think there's going to be a lot of concern about some of the other things he said this past week while in Asia whether it's suddenly. Being sympathetic to the Chinese when it comes to trade imbalance and the fact that Mara pointed out. That all the other countries that this conference we're getting together to work on a new trans Pacific partnership in the United States was on twin Manila. That you know a trade is obviously a big concern for both parties and for a lot of people in this country but the fact that the world. It is is working on these things without the United States involved is going to be seen as intolerable I think a lot of Americans and certainly a lot of folks who work in Washington and he he believes. On his Asian tour that he's advancing the quote unquote America first agenda but actually what you're seeing the beginning of China first agenda on the part of United States. Which you say his his withdrawal from TPP. The Asian countries are gonna lose anyway. Climate change on trade issue on on a whole raft of trade issues he is clearing the field. Four China's rise which is again unprecedented but he would say indeed he has said. Look if I can get China to help me when North Korea. Then will put some of these second things in order of priorities but that's what was his analysis is weak in one sense the China has to do in north relief for China's sake it's not it's not just in the American interest to box him. North Korea and China's direct interest and so he's it seems as if he's negotiating from a place of weakness which is odd given. His self described abilities as as the premier negotiator he's not he's not negotiating from a position of natural America's strength and there is natural Americans trying to could bring to these negotiations are we're gonna have to hope that there will be back we've got a lot of politics to discuss so we'll take a break there and we'll be back with our panel in those political issues stay with us. Met face the nation we continue with our panel the question of Roy Moore who TV. What's the predicament for Republican leaders. The predicament is that right more or stays in this race. More stories come out he comes to the senate he wins election he comes to the senate. And candidates. For reelection incumbent. Continue to have to figure out how they walk the fine line between defending him and also sang I disapprove of his behavior but at its core. John what we are seeing right now is the partisanship. Especially when it comes to voters isn't really powerful drug and they are gonna stick with their party. Over almost anything else I think that if this weren't the shoe were on the other foot. You could also see Democrats finding a way. In at the democratic voters find a way to rationalize we just to voters constantly rationalizing well this person may not be great but it is sure better than the alternative which is the other party right. Hit it from the conversation or more to tax cuts. And that's what it is a hard one that we think will want to support the party to get the thing we want yet and if you son Tim Scott doing you've seen just about every Republican doing it's all about that right now. The goal is to get it done by Christmas. They've done all they can do and one more and and so now it's this is left up to them to sort of the tax reform issue of the house of taken up this week the senate will do it by some point. In early December but I Italian elements of this are starting to feel like the Obama care fight over the summer. Whether Russian the timeline they're not clearly it's. Landing this to anyone beyond their base. You have the senate majority leader this week have to concede that actually yes some people's taxes might go up sorry I misspoke there. You had the economic advisors who just in the CEOs love this well he seems to forget who he works for because that guy. And the entire party ran against her big business and helping them out although they're gonna do and in this case. It just at an and they are some really tricky details over when certain tax cuts begin how you pay for it. And again that timetable the idea that this would have done. It just. It's it's not there yet and and I think they know that and they get very worried that things like. The Roy Moore situation distract from their potentially derail their ability to get that done. Jeffrey let me ask you bet on want more there's a cultural context in which this is happening which is in Hollywood in corporate America and even in the press. There's a new standard developing on how to take accusations that standard is is. Not the standard you must have a total voter verifiable proof and what was interesting to me about what Mitt Romney said and senator Mike Lee said is. They said we look we looked at the evidence is the Washington Post put together. And this is the verdict we've rendered him and that's what seems to be there are a lot of people were saying we're sticking with Roy Moore but this is this other thing seems to be different and in connection with this other cultural. Yeah I mean on the one hand you have a situation which there's a growing intolerance and welcome intolerance for this kind of behavior and sexual misconduct and I think you're seeing that and I think there is a recognition on the part of many Republican leaders that the Washington Post report was very thorough solid stunned by. Good investigative reporters and so you have that on the other hand I was listening Knutson and Amy said which is that it. We have to deal with the fact that that he could still the big the accusations could get worse and he could. Still win and going up in the senate. And that's not that odd when you consider that the president of the United States the current president. Survived and won despite. Self described in the Access Hollywood did so described acts of sexual misconduct sexual harassment. So on the one hand we do have. In intolerance for this across different fields and industries on the other hand you could still succeed in America pretty pretty easily. With the with some really nasty stuff in your background. Well especially if you believe that the other side is making this stuff up or doing it only for partisan reasons I mean this is why so many people are sticking with the party because they believed that the other side. Is lying about what really trying to pass the Washington Post as Oppo researchers caution most. And they also bring up Bill Clinton and they said Democratic Party tolerate this with with that indiscretions huddled with Bill Clinton they stood behind him. Any other thing I thought was interesting in this case is that Roy Moore is saying this is the establishment Republicans this is feeding into an internal debate within. Republican Party that's like Pacific. Great iron near where we are politics now is that the establishment has less power than ever normally they would be able to find a way to push a candidate like this Alex. Or never let them. I'll win a primary in the first place. I can't do that now and yet voters are more partisan than ever so you have that the really big divide witches they're gonna stick with their party. Even though the party leaders are abandoning the person who represents the part. And let me ask you about them that this week the elections in Virginia and your New Jersey what's what do we take away from it so I look at one specific area of the country as this is encouraging for Democrats talked to congressman and Brendan Boyle this week represents the Philly suburbs is actually a loyal. We were the show and he can appoint an eleven you have to I think he looks at Delaware and Chester counties outside Philadelphia. Democrats there won some local and county elections that they hadn't won in more than a century. He said to me I wonder how much voters would take out their frustration on trump on the Republicans in their neighborhood clearly they did. Because of that he's convinced now Democrats have a far better shot at taking back at least the house next year. Is he said there's just too much of that they ran an economic messages on local concerns. But the deep rooted concern and anger with the president is there and was enough for Democrats to win and places they had before sent fifteen seconds. Enough for Democrats just know we're not trump. It is enough except geographically. The question is are there enough Delaware counties. In these congressional districts to flip twenty force X we're gonna have to leave it there. Republicans are racing to get tax reform passed on Capitol Hill the president has said he wants a bill by Christmas. We turn now to one of the president's men working on that bill Treasury Secretary Stephen miniature. Welcome mr. secretary before we get on the taxes I wanna ask you question about Russia you are in charge of carrying out the sanctions against Russia through the Treasury Department. For meddling in last year's election you sat in the and then security meetings. How is it possible then for the president to say that he believes that president who is sincere when he says he didn't handle things metal in the last election. Well personally to say that we are absolutely carrying out the sanctions and that's something we're very focused on the president has said. That he believes in the intelligence he's also said that he believes that Bruton. Believes what he said. But it truly time to move on off this issue I think the president was focused on very important issues such as North Korea and Syria. Where we have to get along with and have common goals with Russia and that's what's really important right now. But to just so people here there's no ambiguity about this issue from Europe's standpoint in terms of Russian interfering with the election. I'm what I'd say as I've seen information I'm not gonna comment on any of the confidential information I've seen we are carrying out the sanctions. Let me be clear nobody thinks that this has had any impact on the election so. Whatever occurred there was no way impacts I think the American public is ready to move on to more important issues tax reform and foreign policy and national security. You know I just thing on the national security front people think this is an enemy we should we should behave with them as such but let's move on to the question taxes. I'm the senate bill came out this week it didn't corporate tax breaks are very important the president don't Faison until 2019 is that a problem. Well let me tell you the good news is both the house and senate bill have the absolute same objectives and I think we're looking forward to this week the house passing the bill. Obviously we would prefer. If they kicked in sooner rather than later but we're gonna work with the senate on that issue. And one of the things is very important is even if they don't kick in. Expensing will kick in right away so companies will be able to take advantage of expensing. At a higher tax trade. But aren't confident that this is one of the issues that we get to conference will result between the house and the sun is there an economic impact of those corporate tax breaks don't good kick in faster you suggested it might hurt the market hurt growth. What's what's the economic impact if they don't Qichen faster Clark I commented as it relates to the mark was actually we don't get tax reform done and I'm highly confident we'll get it done and I think you see that in the market. As a relates to the specific impact of one year we're studying that carefully again there's offsetting effects in both directions. UN out to California to make the pitch for tax cuts he meant was the bonds in group. Wealth management group here's what the CEO had a say in the national review. The deep challenging getting tax reform done is that the government spends too much money in no one including the president wants to tackle that. What's your response well that's not an issue were focused on right now but we are focused on. Regulation we are focused on committed to for one getting creative to regulations Freddie won and the president as an executive order. That has us looking at efficiencies across the administration here's the worry about not being focused on the net. And deficit is that day Republicans have been for a long time so it's curious why they wouldn't be as focused on and in this context and B is that the debt and deficit aren't addressed the gross that with the growth that you hope will happen won't happen because of the drag on the economy. Well the president. Is concerned about the debt we've gone from ten trillion to twenty trillion under the last administration that's concerning but our number one focus right now. Is on growth if we can create 3% or higher or sustained economic growth. That's over two and a half trillion dollars of additional revenue the government ten trillion. Of additional revenues to the economy in knots which critical to the American public. So that there's I think a lot of dispute about that growth number particularly with this drag from the death of that that growth can be achieved in one of your predecessor's obviously a Democrat Larry Summers had some. Some tough. Words about that and those growth assumptions he said I'm not aware so irresponsible and estimate coming from a Treasury Secretary in the last fifty. Here's what's your response. Larry has been quite outspoken as a previous secretary treasury I'd say. We have full transparency. On the numbers we have economists they come out most of them McRee with us. The breakeven is 35. Basis points for us they're breaking and are just comment in the Obama administration. They were projecting 4%. And higher GDP so I find it somewhat amusing now that we're projecting 3%. That all these people who projected higher are coming out in criticizing us. Me ask you about wages one of the theories is that corporate tax rates come down wages go up because the money is is you put it I talked to voter trump voter in New Hampshire said. That that she believed the president would put pressure on corporations to make sure they turn the benefits of tax reduction in two wages was that something you might do. The president I literally met with thousands of business people on the campaign. And we heard the same thing. Give us a competitive system in terms of taxes and regulation and American business will compete better than anyone in the world. In bring back trillions of dollars and create more jobs here but do you think he will weigh in the way he did say with carrier and other companies and of course he well. Let me ask you about. A lobbyist the president said he wanted to drain the swamp in Washington one instruction has he given you in putting this package together. To keep lobbyists' influence out of the process. I can't I'm not concerned about obvious we've reached out to many many trade groups to get lots of input okay. Box of people lots of CEOs have had input into this. But this is all about growth and this is about eight economic program and I've had the opportunity to work with the president since the campaign. And we're focused we're we're so excited to get this done and to the president's desk in December so no special instructions about lobbyists get them out of this process I haven't had any lobbyists. Are really involved with us we've had trade groups that we've listened to input but I'm not concerned about lobbyists at all all right mr. secretary thanks so much for being with us and we'll be back in a moment. Earlier in the week we traveled to the foundry or restaurant in Manchester, New Hampshire and sat down with a small group of trump voters. Assembled with the help of you dove on the one year anniversary of the president's election. We wanted to see if he was living up to their expectations. Some responses were as we anticipated but some surprised us. It's been one years since downtown was elected president who here by show of hands thinks the country is doing better now. And it was a year ago. All six Indy car Tom why do you think the country's doing that and see economies remains strong and it gets very important to on the job growth is we've heard. We haven't had too many major conflicts internationally Europe with a lot of things brewing but overall I think we had a stable year which is good MIAs this year better. We don't have this president. I agree lived most of it and not so I think he's doing a lot of things behind the scenes that most people don't know about. And at. A lot of them raising new restrictions. To make business moment last. And he couldn't fit and he is doing something about immigration. But it seems to leave anything. Would you like to see him go faster on immigration. Yes and what does that mean does that mean building a wall or live and then hit and discuss this and. And the consensus was that like Dan Ireland illegal aliens. Dino might even countries that are out this year after year. I think that that we're definitely we're doing better financially the stock market went up an awful thing that it has found. A lot of things that have been. And played like a tax reform. He's doing better when it's not repeat as well everybody and let your batteries in the stock market because it comes more money into the economy. When it comes straight out here but a strong economy isn't strong economy. Needs it that's part of that. I know a lot of people don't like accurate about that but I have to come from some. As a trickle have you felt the benefits of the trickle down either in this past year or in general now I have. Who here thinks that congress is responsible for making things better in the last year by every show of hands. Zero. For sex. Is there a way to show your hands going down he's there. Who as a particularly. So not and you think congress is been contributing. To American and ended you do or don't. I get. I think that they have become so entrenched. With these gently and everything is helping anybody else they can't hit anything down. And attacked Democrats or Republicans to every one of. Hear why Donald Trump as a negotiator why can't get congress to. To come in line with what you want. Well I think that the way things work in Washington as a lot different than in the business world. I would venture a guess that this is something that companies had to adjust and and it seems like it's been pretty difficult adjustment Terry what do you feel amount people who are in congress should they work for their constituents or work for downtown. If there were there Republican. They ought to follow their party platform. And from whatever stems from the we have a majority. Are of the GOP had the majority in congress senate and the presidency. In and they're not working together. And it's shameful it just took it destroys the party in my view and just creates more independence. If Dennis what's the most unfair criticism the president. That is bully why isn't fair to say that usable if how people perceive him. And some some people say he's a bully other people see he's. More grass horror. Showing his power it. If you don't get to the level of where he is. Without some kind of aggressiveness sir we're people perceived perceived us as being a bully. And he's loud he's obnoxious and I still like him. Dina tell me who who who should your kids look up to our. Right now there's really not very many people to look up scale but I was thinking is that are citing how it's like apple to death of messed between. The Republicans and the Democrats transporters contracts whereas I have all the hate that are just talking about you talking about him being. Sort of flushed into the community. It seems to me like that's the mirror reflection of what's going on in congress. Canisters and who's the moral leader in America. Who does America have a moral leader. Right now but not when I think back when armed when I was young men. And we look who look up to Eisenhower. I personally like Kennedy I'm really don't have that. Cotton dry person anymore when Reagan was in an office people looked up to him. That we haven't had that. As a child supporter though you're not listening the president in that same category when you name moral leaders have been presidents. No because. He just. He's. Not much lacking morals but. Leading at the like that like a moral leader. Do you think president trump has helped Foster a sense of community in America out or how he's been much worse I I think it. Any kind of cultural renewal that happens will not be done. In any reference to him is and has to happen between people in the past presidents have brought nations together lions president Tom why can't he do that. With his. He's a funny funny case think like he just won't lie or like make things up for the effect it has on other people. That's the way that a good person live their life that's that's what happens when you're trying to defeat someone else. Right that's what he's trying to. So should we Terry's start looking at our president and just take out. Being honest being truthful the things that we normally associate with presidency we absent that and say hey if they're effective. That's okay. I I'm thinking about this that the president should be on moral and spiritual and intellectual leader. For the nation. Not for the religious part of the nation or the educational part of the nation but. He's supposed to protect and preserve the country and that's lines Tom. Does the president tell the truth and if he doesn't does that bother you it does bother me you know I'm I think we I'm very much better nation when people tell the truth. I would much federal community where they tell the truth and it is very frustrating it's one of the big knocks on the president is he can't seem to. Keep his ego in check and keep the lies in the control and it's one person when my biggest frustrations with him you know he's in a very serious role. Needs to act presidential and stepping up. You know it's been almost a year and I'm hoping that he'll turn the corner as soon. Because he's gonna start losing even as the supporters at some point you voted for an easier vote up in the air now absolutely. Yeah absolutely you know I I really thought would be further along by now. I thought he would have turned that corner early on and that hasn't happened so yes I am disappointed overall. And you know it'll be it'll be interesting in three years or less when we start to run. For office next time. Dean Indian and any advice for the president. Still I feel like the president. Doing our best whoever said that I I feel like heat is weak at the sign of weakness he should he knows he shouldn't be treating these things. In the worries me because. He's funny he's Smart her then but it's clear to everybody that this is not helping hand and and yet I mean I would think the whole reason why isn't he voting with him is because let me give one surround himself with the right keep off. And I'm pretty sure the people around him are tying him. That you need to stop you. Do you think he doesn't listen to people who surround him yes and that's what worries so if I act not as Smart as he says yes collect I wanna believe he or. Where he's just not is not listening to these people insured are telling him that if he's not listening to my mom now it's just wearing me. Prior what happens if he can. Listen. And we'll be back in a moment. This week was the one year anniversary of a presidential election that turned out differently than many observers expected in the news business it has been a year of discussion about what we missed. Hopefully this is a led to humility and improvement. Fewer breaking news alerts for day old news. Fewer people who headlines that don't pay off when you read the story and more explanation and better reporting that helps people understand the world around them. But the anniversary of the unexpected outcome was also an echo of the unexpected outcomes of the presidential elections of 1824. 1948. 1980. And 2000. All reminder that the very nature of the news business is surprised. The news is what surprises us. It's why journalism is called the first draft of history. Embedded in journalism is the fact that the story will change human events are complex and understanding involves. In the last year there has been a fight over this fact. A fight over the nature of meaning those who would like to control information try to use the changing nature of recording human events. To raise doubts about all reporting on human events that way they can clear the market to peddle their story without competition. And label anything they don't like this fake news. This is an age old conflict in America between a free press working to gather facts and explanations. And a government which refers people believe their story because it's more efficient that way. But working out the truth of things is messy. Several shifting versions is confusing but that's a feature not a bug it's the pluralism we called democracy. That's it for us today thanks for watching on this veterans day weekend our thanks go out to all of you who serve the country and to your families. And for next week for face the nation on John Dickerson. Today's guests were South Carolina senator Tim Scott Vermont senator Bernie Sanders and Treasury Secretary Steven Lucic. Executive producer of face the nation is Mary baker senior producers are Jill Jackson was in at four and it's. Broadcasters directed by Brian Nelson. This nation region and turned serious news Washington. For more face the nation where on line at face the nation dot com. And it column face the nation John Dickerson and CBS radio news on Twitter instant Graham and FaceBook. Face the nation also rebroadcast on our digital network. CBS N 11 AM and 6 PM eastern.
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