Page 2 - 338 Billion News Today

Thing. the individual mandate would be a great tax cut for the middle class, for small businesses and people who have been really hurt lately have been millennials. theyre young adults, overpaying for health care and on the hook for pensions and the u.s. debt and state municipal debt. lets give them a break. david: and bruce, according to cbo its going to be good for the debt itself. they say dumping the mandate will save the country $338 billion over ten years. thats a lot of money. >> well, i ...

People and the common good. the fact is that 80 times as many people will benefit from repealing the mandate as will be harmed. this is why. not only do you have the nine million people i just cited, but in addition, 35 million families will see their child tax credit doubled. thats the savings from repealing this mandate penalty will be used for. $338 billion will enable to senate to double the child tax credit from $1,000 to $2,000. this will benefit 35 million families. on the other side, the...

Get the national deficit. i dont know how many times we heard, we are burdening our kids and their kids. i mean, central tenant, paul ryan, mcconnell, everyone who was a leader of the party. so youre going to have to get over that that, because even with the 338 billion you save by from the deficit by adding in the individual mandate repeal, its still going to add to the deficit. so, thats going to be a problem. lisa murkowski, it sounds like mccains on board, but what i would say on all of thes...

$1200. but then shrinks to $860. the tact cuts fluctuate depending on those income. the bottom half cuts are less than half a percent next year. nearly vanish by the year 2027 while the top earners still benefit. its all about the budget. republicans need to find a way to pay for these tax cuts over time. reducing costs is one version the senate version -- not paying for those people, saves the government $338 billion. also means premium increases about 10% a year. critics worrying higher premiu...

Republicans is right in line with how they campaigned. >> and to your point that is what the supreme court did say, they did say individual mandate was a tax and allowed. >> number two, they need the money. $338 billion that they need to get this done. so i support the inclusion of it. i do agree that it complicates maybe one or two votes. my deep dark conspiracy -- >> take us there. >> are the people that cannot be lobbied. the people not running again. your corker, flake, mccain, theyve had pe...

Outrage. >> they also need the money. they need the $338 billion in this bill. lets talk about ron adjust stn because his statement today is getting a lot of attention. the last line of the statement is important, i still want to vote for this. lets go down the memory hole here. he did this on obamacare. there was a stern talking to on the senate floor and he voted aye. so what im hearing is johnston has got legit concerns, hes still gettable. >> the senates suggested delay of one year for these...

Members ahead of a vote on their version of the tax bill. the first gop senator is opposing the plan jeopardizing plans to pass it by the end of the year. senate republicans can only lose two votes and senator ron johnson says he wont vote for it. it gives corporations a bet er deal. that prompted president trump to give him a call. hes not entirely wrong. most tax cuts expire in eight years. and the rate used by small and medium size the businesses. t the corporate rate is permanent. youve got ...

Republicans need a way to pay for tax cuts. theyre front load something middle class goodies like cuts. one of the reason the senate version repeals the obamacare mandate. 13 million fewer insured means not paying for those people saves the government $338 billion but means premium hikes of 10%. thats because the mandate forced younger healthier people to buy insurance and critic likes susan collins worry higher premiums will wipe out the middle-class tax relief eliminating that mandate one diff...

Mentioned earlier don, the fact that theyre able to find $338 billion over ten years to help pay for the overall package so that this is a budget deficit -- this is a budget neutral tax reform bill, that does help them, i think, rally some support. i think they will also have some efforts to probably implement some of the csr -- >> you sat here with me four times during this administration. four times. it didnt pass, and you think now all of a sudden theyre going to say oh, well, lets just repea...

>> they also need the money. they need $338 billion in this bill. ron swronss statement is getting a lot of attention, but the last line of the statement is important. i still want to vote for this. he did this on obamacare repeal. he made a big stink. asked for a bunch of stuff. there was a talking to on the senate floor, and he voted aye. johnson has legit concerns. >> the suggested delay of one year is a disaster for the american economy. theres nothing wrong with the 2018 elections for the r...