Business Tax Code News Today

The republican party. del caro joins us from san francisco. jedediah: good morning, tom. >> good morning. how are you? steve: going through the nine points see how close we are getting to it. first step is government spending and we do a lot of that. >> yeah. we do have massive. spend $7.6 trillion as a society in this upcoming year which is roughly four times what reagans era spent when he said government was the problem. jedediah: number two our tax system that reduced incentives. >> yeah. we ...

Americans and making the business tax code competitive. mr. president, i am thrilled to be able to say that i believe we achieved both goals.

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...

The house and senate and the tha text has been available. ive done meetings throughout my district, tax preparers and cpas and other experts to understand the ramifications of the bill and how it will impact positively both family budgets and our greater economic growth. >> the number one thing we have seen as you look at polls and the people who are against this by double dump its. 64% of americans think the wealthy will benefit the most. 17% only think it will be the middle class. 6% think the...

And hope this were sells itself. >> maybe so. maybe not. doug, we dont know a lot about the bill, as of now. waiting to see the final version. >> right. >> but republicans are obviously trying to push it through really quickly. is there concern? should americans were concerned that this is just too much of a rush to change something so massive? >> i think the key change is -- first of all, jakes got the arithmetic right, but whats happening in conference doesnt change the basic character of the ...

I have never seen it worse than it has been the last few years. hopefully we can break through with this bill. i call on my democratic friends, lets work together and get this done. >> i hope with regard to the perfect being the enemy of the good, i hope youll ask dr. verasco about an inspirational reading he gave us. maybe hell repeat it for you. to me a yes vote on this tax bill means voting yes to a growing economy, more jobs, higher wages and more take home pay. a no vote, which is what our ...

Destructive business tax code. so this is for the doers and the dreamers and the hard working american families who want a piece of the american dream. this is our opportunity. this is our moment to deliver to them an opportunity then to pursue their dreams. we intend to follow through and accomplish that. >> lets go now to chairman of the democratic house caucus to respond to senate republican leadership right there. you heard mitch mcconnell say that he never once turned down a meeting with pr...

It will only take 0.4 of 1% of extra economic growth to entirely fill in the hole and reduce the size of the deficit. >> if you believe cutting taxes somehow will increase revenue to the treasury then why not cut it more? what is the line? >> because chuck -- first of all, thats a complete mischaracterization. it is the most profound tax reform in over 30 years. we are going to take the u.s. business tax code from one of the worst in the world from the point of view of a potential investor to on...

Of the new bill are worse than what we have in place right now. gordon joins us, fiscal policy forum, two scathing editorials if you count another one this weekend, start and work backwards if we can, are they going to get things passed? how do things look from where you sit? >> look, its important to evaluate this bill ho listically as an entire legislative effort and does it focus on the problems in the tax code, does it fix the problems in the business tax code and does it make the u.s. a bet...

Be middle class tax reductions in this plan. can i say that nobody whos above a certain income will not get some kind of tax relief, they may be? >> but when the constituents come to you and they say, charlie, we put you there to help us. why are you helping the rich guys more than youre helping me and calling it a tax cut for me? what i dont you flip it and give me the disproportionate benefit. i need it more than they do. >> well, we are going to give middle class tax relief. but also, we shou...