Page 99 - Deductions News Today

And remember from the beginning, the president felt confident that he had his boat. a rand paul was the guy who said if you dont repeal all of it, than i am never going to say yes about obamacare. he was the person who then set i dont know about tax reform. >> bill: then he switched on monday to a "yes," and it seems like so long ago. >> rachel: i want to just break out the popcorn. given the small business to ron johnson, susan collins now has power, asking for deductions. >> harris: bill asks ...

Republican at the end of the day, and i dont think he wants to see the party completely crash and burn. secondly, larry kudlow who ive known for years, i dont always agree, but hes smart, and its dead on, this is not a tax reform bill at all. and im the conservative person saying this. this is not a tax reform bill. it doesnt help regular people. taking away local deductions. fy buy a new home, im a young person, $500,000, i can only write off so much of the interest. what good is that? so this ...

Fortune. they say thats not true. his family could save a lot. could you tell us specifically in the bill that is going to cause the president to pay more in taxes than hes paying now? >> well see what the final piece of legislation looks like. but a lot of the deductions that he would probably normally receive may not be part of the package that would effect his actual what he pays in taxes. but, again, until there is a final piece of legislation i cant go into much more detail. but i know some...

Among these differences for our viewers at home on the screen, weve put them up for you, senate version keeps the estate tax. the house version repeals it. the senate keeps the mortgage deduction. your version limits it. the senate plan eliminates the property tax deduction. yours puts a cap on deductions. in addition, senate version repeals the aca mandate. calls for some tax increases. if this resembles the senates final version, is there common ground between the two chambers that can be reac...

They think going to corporate, it will go into the economy. i think it will go to dividends. is that good for some? yes. does it take care of the transitional economy issue that the middle class is suffering from? >> a lot of house leaders including nancy pelosi called for john conyers to resign. does that change your view on al franken, your colleague in the senate? is it time for him to go or do you still think an ethics investigation first matters? >> well, i know theres new information today...

Whats in the bill that will cause the president to pay more in taxes? >> yeah. i think some of the provisions in the bill, which may or may not be there, well see what the final piece of legislation looks like, but the deductions that he would probably normally receive will not be part of the package that would affect his actual what he pays in taxes. until theres a final piece of legislation, i cant go into much more detail. i know some versions of it take out a lot of deductions that currently...

The non-partisan congress budget office. "new york times" crunked numbers. making $50,000 more in taxes. the group earning $1 million or more essentially get a $5.8 billion cut. thats just the very tip of this iceberg in terms of impacts of the tax plan. they could dramatically change where people decide to live. why? by slashing deductions in state and local taxes, blue states use to help fund safety net programs, dramatically change how many pursue access college degrees. why? slashing deducti...

Going to lose those deductions. >> are you looking forward to this tax cut if it comes to fruition, danielle? >> it benefits the wealthy, benefits the 1%. theres a lot of policy -- >> neil: charles is in that group. he will be paying more. >> it benefits the people that pay the most taxes. >> i think the messages are wrong considering trump ran as a populous. >> neil: thanks, guys. were going to the senate floor. john thune stating his case, the debate-a-rama goes on. its all about getting the v...

Than $1 billion. can you tell us specifically what will cause the president more in taxes than hes paying more? >> i think some of the provisions in the bill which may or may not be there. see what the final piece of legislation loogs like. a lot of deductions he probably would normally receive may not be part of the package that would affect his actual, what he pays in taxes, but, again, until theres a final piece of legislation, i cant go into much more detail, but i know some versions of it t...

The senate this afternoon will start the voting process on reforming this countrys tax code. senate majority leader mitch mcconnell said the upper chamber will be voting on the motion to proceed to the senate gop tax reform bill. here are some of the key points in that plan. again, this is a plan thats already been approved by the house. it nearly doubles the standard deduction, but middle class homeowners might find their mortgage interest deductions cut in half and the ability to deduct state ...