Page 60 - Deductions News Today

Obtain a presidents record. what the committee has just released are these documents that date back to the 1970s. thats when the joint committee on taxation used it to obtain some of richard nixons tax returns. in this instance, nixon had agreed to voluntarily turn over some of his tax returns as they were reviewing how he was treating certain charitable deductions, but the committee needed more information. and they went to the irs and successfully obtained it. now, this is because of this figh...

Joe biden says the first thing he is going to do is repeal the trump tax cuts. he is taking away a tax cut from 80% of the country was paying those taxes. >> harris: and some of those areas where they dont have the deductions, made up a huge part of the refund any category. >> katie: the term free, its not free. its coming from someone else. >> harris: president trump ripping on one of the top candidates at the first debate. we are talking again about former vice president joe biden, but in this...

Further away. >> it really is. >> unattainable. >> reporter: whether youre at home or on the road. >> we reached out to the white house. they told nbc news that the rate cuts, higher standard deduction and enhanced child tax credit in the new tax plan actually eliminated the need for many deductions but they said its also important to point out many truck drivers did not lose the ability to use per diems. the administration is willing to work with any truck drivers who did. >> bill de blasio bla...

Regulation, the independence owner/operator. >> reporter: a trend they say should be concerning for everyone. have you all ever thought about quitting? >> yes. yes. >> every day. >> we want the american dream. we want to be part of being able to strive to do better, to take care of our families and do a good job for the american people. >> the american dream is getting further away. >> reporter: whether youre at home or on the road. we reached out to the white house, and the white house tells ...

Now with trumps news tax bill, they no longer have some deductions. >> they took the per diemo out. >> reporter: a hit hard after promises made. >> putting america truckers first. >> reporter: do you think hes doing a good job now? >> no, i dont. theres nothing hes doing to help us out out here in any way possible. none. >> he ran on the platform of doing away with obama bad regulations. well, he quite well done that for im going to say corporate america, but us blue collar america, weve got reg...

On our eroperator. >> reporter: a trend they say should be concerting for everyone. have you ever thought about quitting? >> yes, every day! >> every day? >> we want the american dream. we want to be part of to be able to strive to do better and take care of our families and do a good job for the american people. >> the american dream is getting further away. >> it really is. >> unattainable. >> reporter: whether youre at home or on the road. >> $8,000, wow, morgan. so what has the white house s...

Were at 41%, 42% different places, different areas. but we took it down from probably on average, 41%, 42%, depending on what state youre talking about. sometimes, much higher than that to 21%. and people were pretty amazed that we got that through. but what it meant was tremendous investment in jobs. because capital investment is now 100% deductible. and thats something that people thought would never happen. theyd never see. you have one year deductions where it used to be in many cases 40-yea...

42% different places, different areas, but we took it down from probably on average 41, 42% depending on what state youre talking about, sometimes much higher than that to 21% and people were amazed we got that through. but what it meant is tremendous investment and jobs because capital investment is now 100% deductible and thats something that people thought would never happen. theyd never see. you have one year deductions where it used to be in many cases 40 year deductions and weve cut red ta...

Into regina with a huge cultural legacy. by my. son ill find my head man its time again to track pioneers and trailblazers join us to discover the towns cultural grids and its contemporary art scene. in thirty minutes on deductions. and action packed life. anythings possible as long as our because he and his friends can drain our number. of his movie theater in ten years dada refugee camp. his life story may have ground to

Perspective. our job on this show is to remember things, to create a record of what has happened in this country over the past few years and what has happened to it. our grandchildren will want to know. if the left has its way, it will all be whitewashed like so much else in our history has been. lets recall for the record what the robert mueller investigation is all about. the point was not to discover be whether the president fudged deductions on his tax returns 30 years ago, not to find out w...