Deduction Side News Today

And the repeal of the local and state tax deduction. >> maybe youll see something like we saw on the house and the idea of the $10,000 cap on property taxes would be allowed in on the deduction side and perhaps there is a compromise there and the one everybody is paying axe tension to now is the wild card. if you can lose two senators and you lock those guys up you still have more to look into. lisa murkowski was a ney on health care and she says shes okay with the repeal of the mandate and stil...

>> its tough to top cramer in getting fired up. but michael steele, is this a die hard republican, you look at what you see today? is this exactly what youve dreamed of sense reagan? >> i know a lot of folks are very, very happy. particularly on the corporate side and even on the individual side. theyre going to be populations within various communities will do better than others. i think the real challenge will be on the deduction side. people will have a real problem. and at the end of the day...

You have for charity you have $1 trillion tax increase on the top two brackets. more than half of the tax rate -- they file on the individual of the top brackets. should we be doing this? should we have $1 trillion of the new taxes. care tri marginal tax rate up to 40%. plus what the additional taxes. $1 trillion that are in new taxes on obamacare. most of them on the wealthy. plus, then, hit them on the deduction side. they will be paying top marginal rate of 40%. effective rate that is four or...

Fee for medicare and replaced it with entirely private plans. >> my favorite 20th century reply by ryan about the voucher, a voucher is a piece of paper you get in your mailbox. i get vouchers for discounts for stores every day in my e-mail and there is take no piece of paper involved. >> finally he explained the difference between voucher and premium support. >> keep the postal service alive. >> there you go. >> krystal, the 47% seems to be bidens business. he seems to be the one that goes afte...

Medicare and replaced it entirely with private plans. >> my favorite 20th century rely about the voucher is him saying it is a piece of paper you get in the mailbox. i get vouchers for discounts at stores every day in my e-mail. theres no piece of paper involved. >> finally he explained the difference. >> keep the postal service alive. >> there you go. >> crystal, the 47% is, seems to be bidens business. he seems to be the one that goes after that effectively. it seems to me there is a special o...

>> there is one element of truth. did the deduction side. the truth is the entire thing is up to congress. the president proposes the notion of the way that he should go. the side thea that he can stand up there and not tell anyone in america what he will veto if congress tries to do their mortgage deduction is a complete altercation of it. >> in which what you are supposed to do as a president is tell the american people and i guess congress the popular part of what you would do but it would be...

We believe that you are not going to do what george w. bush did and what ronald reagan did. >> there is one element of truth. did the deduction side. the truth is the entire thing is up to congress. the president proposes the notion of the way that he should go. the side thea that he can stand up there and not tell anyone in america what he will veto if congress tries to do their mortgage deduction is a complete altercation of it. >> in which what you are supposed to do as a president is tell th...

To anticipate. weve been asking for months, how is mitt romney going to explain the deduction side of his $5 trillion tax cut. hes going to do a $5 trillion tax cut. he says hes going to pay for it by closing deductions. who among us anticipated that mitt romneys answer would be, i will not do a $5 trillion tax cut? that is not -- i could not anticipate it. i dont know if anyone on the obama team anticipated it, but that was a stunning way for mitt romney to get out of his obligation to answer h...

60-second statements. none of that red light stuff with the clocks and all of that stuff. and when youre in mitt romneys position, where hes actually trying to hide some things, trying to hide the details of the deduction side of his tax plan, hes still hiding his tax returns. when youre that candidate who has things that you dont want to talk about, those very narrow rules are your friend. the red light is your friend. the very limited 30-second response, 60-second response works well for candi...

Different approaches of romney and obama played very differently with this sort of a format and that romney just rolled over the format and made it about everything he wanted it to be. everything on domestic policy on which he is the weakest was just avoided because he drove the agenda of the debate. lehrer got rolled over by romney again and again. and it was the presidents fault that he did not do the same thing. >> one more quick point. mitt romney is very, very hard to anticipate. weve been ...