Mark Tepper joins Mornings with Maria to break down why the tax cut extension bill is likely to pass — and what might happen to the markets if it doesn’t. He explains how rising deficits and unsustainable entitlement spending are driving long-term debt concerns, and why fixing those issues needs to happen after the bill’s passage, not before. Mark reacts to a surprisingly strong June jobs report, but raises red flags about weak private sector hiring and inflated government education numbers. He also analyzes the capital on the sidelines, the softening of rate policy, and why the market’s rally is finally broadening beyond just the Magnificent Seven.