Page 98 - Deductions News Today

Going to be deal-breaker. i would have business go to 20 immediately in 2018. neil: they have it going in 2019. >> we did not have the original mandate repeal but senate did, i think that has to stay in there, thats very important. we left 39.6 rate for high earners, i would have put the mandate repeal to 35. youre take get away some of the deductions, if you lower the rates for everybody, you know, people in new york maybe its a wuish but at least theyre not having taxes go up. neil: what are y...

Trump campaign officials and white house advisers know about any contacts with the russians to impact the election? and david, those transition advisors mentioned in todays charges face the possibility of being called before a grand jury. and if they have already been interviewed, they better have told the truth. david? pierre thank you. we move on this friday evening to your money and taxes. president trumps tax plan at this hour, does the president have the vote? the republicans believe he...

Would free them up in order to do what they should be doing in truly representing the people. let me just tell you, this tax scam they are fostering on the american people is simply, you know, a tax scam thats for the wealthy. i mean, they have never touched the 35% to 20% reduction for corporate taxes. that has been consistent on the house side and on the senate side. reduce those taxes for the big corporate interests in the america from 35% to 20%. they have fiddled around with a lot of things...

Quickly. pete: thats why we are getting emails. nancy said im retired living in upstate new york, what does this tax reform do for people living on retirement and relying on medicare and social security. >> not going to be any impact on somebody living off retirement savings. whatever tax rates they are falling into pretty much either way will stay consistent or pay a little less. ed: what about obamacare? did the bill still include, this comes from dominic, the elimination of the individual man...

How that will resonate with voters in south carolina and elsewhere. we look at handwritten notes to what was finally voted on by republicans and republicans in the senate last night. how will that play with voters in the south carolina and voters elsewhere in the u.s.? >> so much information right now, david, looking at the sex scandals, looking at the tax package, now you have russia out there. its a lot in the in box right now. a lot there for the voters. and i always concern myself on the vot...

And then this would free them up in order to do what they should be doing and truly representing the people, but let me just tell you, this tax scam that theyre fostering on the american people is simply, you know, a tax scam thats for the wealthy. i mean, they have never touched the 35% to 20% reduction for corporate taxes. that has been consistent on the house side and on the senate side. reduce those taxes, but the big corporate interests in america, from 35% to 20%. they have fiddled around ...

Lets start with ron johnson from wisconsin. he is very concerned about small businesses. he wanted to change the deductions for small businesses about 17.4% now. it would be 20% in this bill. maybe bring it up to 25%. thats the first problem. the second problem comes from someone who is not a senator, elizabeth mcdonagh, the senate parliamentarian. powerful in washington and works behind the scenes. they had built into this bill a provision called a trigger so in case they started to cut taxes a...

Party. many american people think thats the entire chamber of g.o.p. lawmakers in the senate and the house. how is it after asking for special scoring and you did say $4 billion, we are still at a trillion dollars added to the debts, what do you do about that? >> i would argue differently, here is what i believe. if you want to keep adding to the deficit, keep things as they are, keep the economy going at 2% growth, make sure there arent two new jobs, we arent bringing them back, revenues are gr...

Will do. >> if i get the corporate rate down from 35 to 22, i think its going to be 20, i think youll have -- 35 is a high rate. but no one is paying it. if you make things much simpler, one of the problems with tax reform is not all that simple. the pass-throughs is we wildering complex system ron johnson has been negotiating. if you get a lot simplification, if you get rid of kafsh-outs and deductions, you can pass that and some of the capital repatriated in the country, that will be positive ...

Lets start with ron johnson from wisconsin. he is very concerned about small businesses. he wanted to change the deductions for small businesses about 17.4% now. it would be 20% in this bill. maybe bring it up to 25%. thats the first problem. the second problem comes from someone who is not a senator, elizabeth mcdonagh, the senate parliamentarian. powerful in washington and works behind the scenes. they had built into this bill a provision called a trigger so in case they started to cut taxes a...