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Anyway. why is carried interest still in the bill. whats the benefit to the american people. >> thats a perfect issue. disconnect between washington and new york and the american people. look, that average family making $73,000 a year. both blue collar workers will see a tax cut in this tax bill. for the first time, were actually going to be competitive, first time in 31 years. worldwide. thats what americans are really foe doesed on. look carried interest we could talk about that for the next h...

Their lives. the reason were here doing this is because we want people to reach their potential. and we know in this country we arent reaching our potential. we know one of the greatest things we can do to do that is pass that tax reform bill. with this tax reform families at every income level get a tax cut but especially middle income families. the typical family of four making the typical income of $73,000 will get a tax cut of $2059. the typical family of four making the median family income...

Around $73,000 a year, getting a 60% cut in their taxes. the good news is, this tax reform debate could end in february. when you look at your paycheck, is it higher or is it not? >> dana: that is what i was thinking, looking right there with kevin mccarthy, to house majority leader and statuary hall. getting ready to go in and cast his vote for the bill. one thing i was curious about. everybody gets to go home to their constituents and talk about something. republicans will talk about what they...

Businesses and the middle class. and the democrats on the other side of the aisle said the middle class is getting hosed. >> well, remember when nancy pelosi would say those types of things, they always go on raider. and the most you could ever get when you tell you something thats not true is four pinocchios, and shes gotten four. if the median family of four makes $73,000, theyre going to save more than $2,000. the tax foundation just came out and scored this. the after tax of family is going ...

Republican congressman charlie dent of pennsylvania. great to see you. thanks for coming in. >> thanks, kate. great to be with you. >> thank you. you said over the weekend that you like what you see in the final bill. are you a definite yes on this? >> im still reviewing the bill. its obviously complex. what i do like, the fact that it brings the business tax code into the 21st century. its long overdue that united states have a tax code thats competitive with the other major economies of the wo...

Mode about the gop tax bill. an eager defense of the $1.5 trillion tax cut bill, as the president headed to camp david. mr. president, many americans believe that the tax cuts will benefit the wealthy more than the middle class. >> no, this really will mostly benefit the middle class, and jobs. companies. companies are coming in. theyre pouring in to the country. theyve already started. and this will be great for jobs. >> reporter: jobs is white house code for helping middle class families. even...

Median family income of $73,000 a year will receive a tax cut a little over $2,000 per family. as of now, the bill looks like its going to pass with senator bob corker of tennessee and marco rubio of florida changing their no votes to yes. corker who had previously voted no on the original senate bill released a statement today saying this bill is far from perfect, but after great thought and consideration, i believe this once in a generation opportunity to make businesses domestically more prod...

Build and go sell effectively. they have to fine-tune it. it has to be the greatest thing in the world. and it is better than the 73,000 pages we have today. my sense is we have to buy it and sell it and make sure it is effective. >> this is a one and and a half trillion dollar bill. and much of that is to pay for business costs. dave has the rate possibly going to 25 or lower. is that the right track mary? i mean you do believe that corporate rate coming down will have an economic impact? yes y...

Presidents. it bedeviled the best minds and negotiators, the u.s. has been able to muster. too soon to say if trumps gamble against advice, and orthodoxy, will pay off. nic robertson, cnn, jerusalem. we turn to southern california now, where six wildfires have scorched nearly 73,000 hectares or more than 180,000 acres. and 85% of that is just from the rampaging thomas fire. >> almost 200,000 residents have been forced to leave their homes. some are now returning, but theyre coming back to find...

To find is a lot of the ip will come back to our shores maria because of the details of this tax package but let me iterate this the benefit to the individuals is not to be ignored 68% of the tax cuts in this bill go to individuals such that a family of four this is two kids and a couple making a median income of $73,000 will get a 60% tax cut. a single mock making 41,000 with a child gets a 75% tax cut and we took 6 million people who pay taxes will come off maria. this is a great day for the m...