Page 60 - Class A News Today

But it says democrats are bad on tax cuts and we need more on the boarder wall, military, judges, second amendment and more. no to jones pelosi schumer pickup truck. >> how is that not an endorsement? >> he says we need republican roy moore. that is donald trump, the white house, on december 4th thats come out in support of roy moore. >> on that note, republicans, republicans pass tax plans in both the house and the senate, but now they have to get their plans on the same page. party leaders say...

Plan. the middle class would like a tax cut. i think people understand when they cant get a tax cut. but what they cant understand is why the corporate sector, which is doing well, which has access to capital, is getting this big tax cut. what is the way in which you can give the middle class a tax cut and achieve the goals youre trying to achieve in a bill like this? >> thats a great question. it is one we really ought to be talking more about. im concerned that democrats dont have a good enoug...

35% rate. the effective rate is probably around 18%. go ahead and make it 20% permanent. >> but get rid of the deductions. >> they wont deal with the deductions. so its kind of a really difficult time to actually -- because you have on the republican side deficit reduction. thats got to be important. i do think we can do things that will actually grow the economy. i have a fundamental disagreement with you in terms of if we give the lower class a tax cut, because they dont pay -- >> they dont pa...

Rates, broaden the base, lower rates, give middle class a tax cut f you cut the corporate rate, if you do any of those things, they are positive for economic growth and less positive for growth if they expire. expensing is kind of a strange thing in the sense that if you have expense gs for a year, if you go back and look at u.s. history very often in recessions theyll put it in for a year. when it expires it could have a short run stimulus because people try to buy capital before it goes away. ...

Rates, broaden base, lower rates, give the middle class a tax rate. cut the corporate rate, do any, positive for economic growth and less positive if they expire. if you are expenses a year, go back and look at u.s. history often in recessions put in expensing for a year to try to simulate the economy. when expensing skyrs it can have a short run stimulus because people try to buy capital before the thing goes away. for the most part permanent tax cuts are far more impactful than things that exp...

Rates, lower rates, get the middle class a tax cut. if you cut the corporate rate, if you do any of those things theyre positive for tax growth. if you have expanse, you look at u.s. history in recessions, theyll put in expensing to stimulate the economy. when expensing expires, its short term. for the most part, permanent tax cut are far more impactful. if you look at the obama administration when they were here during the great recession, they extended the bush tax cuts because they understood...

Proud of the house for cutting taxes on reform. were getting close. how about ending the unfair and unpopular individual mandate in obamacare and reduces taxes further, cutting the top rate to 35% with all of the rest going to middle income. thats two big changes to the republican plan if they go ahead with it getting rid of the obamacare individual mandate and cutting the top rate from 39% to 35%. what impact do you think this new statement from the president might have? >> im just hearing abou...

So while their rate may be lower theyll end up paying more. >> when you double the standard deduction and give more benefits like eliminating the marriage penalty and larger child tax credits. people will see a big break. >> sean: the other question is should we be having some states subsidize other states with big government and high taxes?bs we want to get rid ofac that so that its just fair across the board for everybody. >> sean: you acknowledge people in states that are taxing on a bigger g...

California 13.5%. no longer deductible. so while their rate may be lower theyll end up paying more. >> when you double the standard deduction and give more benefits like eliminating the marriage penalty and larger child tax credits. people will see a big break. >> sean: the other question is should we be having some states subsidize other states with big government and high taxes? we want to get rid of that so that its just fair across the board for everybody. >> sean: you acknowledge people in ...

Deduction and give more benefits like eliminating the marriage penalty and larger child tax credits. people will see a big break. >> sean: the other question is should we be having some states subsidize other states with big government and high taxes? we want to get rid of that so that its just fair across the board for everybody. >> sean: you acknowledge people in states that are taxing on a bigger government >> if you have a bigger government your government is bigger. why should we incentiviz...