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Speaker 1: Well, now it's time for our Bloomberg Law Report. Let's

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Speaker 1: get to the legal stories we're watching this morning with

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Speaker 1: Steve Potus in the Bloomberg Washington Newsroom. More Republicans from

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Speaker 1: high tax states are getting comfortable with a compromise on

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Speaker 1: state and local tax deductions. New Jersey Republican Tom MacArthur

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Speaker 1: says the plan would preserve the federal income tax break

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Speaker 1: for state and local property taxes. Leading House Democrats have

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Speaker 1: urged rank and file lawmakers to vote against repealing a

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Speaker 1: controversial Medicare cost cutting panel created under Obamacare, and a

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Speaker 1: bill to increase funding to fight wildfires and expedite timber

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Speaker 1: harvests and other forest management actions has passed the House.

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Speaker 1: Bloomberg Law everything you need, all on one legal research platform,

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Speaker 1: including guidance analysis and Bloomberg market intelligence. Find out more

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Speaker 1: at Bloomberg law dot com. Now another legal news, Let's

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Speaker 1: take a look at an email written by former Trump

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Speaker 1: campaign advisor George Popidapolo. He's now a cooperating government witness

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Speaker 1: and special counsel Robert Mueller's probe on Russian meddling in

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Speaker 1: the US election. That email from Papadopolis indicates that top

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Speaker 1: Trump campaign officials agreed to a pre election meeting with

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Speaker 1: representatives of Vladimir Putin. For more on this story, Bloomberg,

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Speaker 1: lahst jam Grosso, and Michael Best speak with Jed Sugarman,

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Speaker 1: a professor at Fordham University Law School, and Ryan Goodman,

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Speaker 1: a professor at n y U School of Law. Ryan

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Speaker 1: tell us about what we know about this email that

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Speaker 1: Papadopolis sent when he was communicating with the Russians. Right. So,

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Speaker 1: the email, as reported by Bloomberg is quite important because

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Speaker 1: it says at least Papadopolis is representing to the Russians

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Speaker 1: that he has the go ahead from the Trump campaign

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Speaker 1: to organize a meeting with Russian officials. And then he

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Speaker 1: specifically says that that would include the campaign manager, who

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Speaker 1: at the time is Paul all Metaphord. So that starts

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Speaker 1: to link things together. If indeed he was genuinely representing

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Speaker 1: kind of a green light from the campaign, that would

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Speaker 1: be an important revelation in all of this, Jed. The

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Speaker 1: FBI says, this affidavit is being submitted for the limited

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Speaker 1: purpose of establishing probable cause for a criminal complaint. It

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Speaker 1: does not set forth every fact learned in the course

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Speaker 1: of this investigation. So could it be that Mueller is

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Speaker 1: keeping some things close to the vest. I think it's

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Speaker 1: clear that Mueller is is keeping a lot close to

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Speaker 1: the vest. Let's keep in mind that what this plea

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Speaker 1: agreement does is it absolutely only sets forth um some

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Speaker 1: some details and acknowledges the existence of some emails and

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Speaker 1: only summarizes emails or even just notes what the subject

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Speaker 1: header of those emails is. We don't we haven't seen

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Speaker 1: as a matter of the public, what is in this

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Speaker 1: long chain of emails dating from March all the way

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Speaker 1: through June and July. UM. And it's it's clear that

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Speaker 1: the pop Pidopolis is cooperating with Mueller. I think the

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Speaker 1: best person to address how Papadopoulis got this wrote an

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Speaker 1: email about his approval, is Papadopoulis himself, whether it's in

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Speaker 1: further emails or at some point he is going to

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Speaker 1: have um some testimony. Uh. And so that's what really

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Speaker 1: should be UM explosive and would have the Trump insiders

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Speaker 1: the most worried. That's Jed Sugarman, our professor at Fordham

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Speaker 1: University Law School, and Ryan Goodman, a professor at n

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Speaker 1: y U School of Law, speaking at the Bloomberg's at

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Speaker 1: June Grosso and Michael Best. You can listen to Bloomberg

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Speaker 1: Law weekdays at one pm Wall Street Time here on

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Speaker 1: Bloomberg Radio, and find more legal news at bloomberg law

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Speaker 1: dot com. Attorneys a fun, exceptional legal research and business

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Speaker 1: development tools there as well. Visit Bloomberg Law dot com

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Speaker 1: for more information