Distribution Tables News Today

im charles payne in for neil cavuto. this is "your world" to peter doocy on how the white house is dealing with this. peter? >> communist china still wants taiwan to be part of communist china. that means speaker pelosis words on the ground have upset them. >> in terms of governance, we command taiwan for being one of the freest societies in the world. >> well, the chinese official is writing the u.s. must pay the price for its own mistake and we mean what we say. that has g-7 leaders ...

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That way so he would benefit from that tax cut as well. so, theres really a large tax break for wealthy in here. for the middle class, it depends on their individual circumstances. it also changes from year to year. if you look at the distribution tables, how it affects your typical family making $30,000 a year or $100,000 a year, or whatever, it looks good in most income groups in the early years but some of those tax cuts either expire or get eaten away by inflation. as a result, you see more ...

>> and having to borrow from the chinese and the japanese, having to borrow from the saudis. its so reckless. >> these are interesting policy points and i know you have a long standing view about the debts and deficits and sometimes these are politically salient and sometimes not. i want to ask josh this question. this bill is not middle class friendly. just on the distribution tables, just the facts of it are it is weighted toward rich people and corporations. it doesnt help the middle class. b...

Theyre having a disagreement about a factual question about whats in the bill, and its partly because the republicans impute something thats not written in there which is to say some parts of this bill are permanent and some of them are temporary. they dont run for the full ten-year budget window because they dont have enough money to do all the middle income tax increases. what republicans scene and i think they believe this is well congress will come back in the future and extend those things....

The distributional weight of this senate bill, and you saw orin hatch get so mad at sherrod brown. its weird to take um bridge at something thats the true thing about the bill that youre passing. >> the weird thing is here, theyre having a disagreement about a factual question about whats in the bill, and its partly because the republicans impute something thats not written in there which is to say some parts of this bill are permanent and some of them are temporary. they dont run for the full t...

Its weird to take umbridge at something thats the true thing about the bill that youre passing. >> the weird thing is here, theyre having a disagreement about a factual question about whats in the bill, and its partly because the republicans impute something thats not written in there which is to say some parts of this bill are permanent and some of them are temporary. they dont run for the full ten-year budget window because they dont have enough money to do all the middle income tax increases ...

And the president, you know, this major piece of legislation passed out of the house, the tax bill, we saw that contentious mark-up in the senate and the most remarkable thing to me is the distributional weight of this senate bill, and you saw orin hatch get so mad at sherrod brown. its weird to take um bridge at something thats the true thing about the bill that youre passing. >> the weird thing is here, theyre having a disagreement about a factual question about whats in the bill, and its part...

Lot of things bubbling under the surface. i will note president trump called senator johnson shortly after his opposition became known and tried to make clear they will try to figure out a way to get him "yes." this white house is engaged here, republican leadership is engaged here the big question remains, can they get it across the finish line. >> republicans say the bill will benefit the middle class. is that, in fact the case? do we know? >> reporter: at least for the senate proposal we dont...

Make him a "yes." for the senate proposal, theyve been moving so quickly. they just introduced their lets a proposal last night and they dont have the distribution tables that say what this will actually do. we have a sense of where it would help people and might not. theres an expansion of the child coverage. all the individual side tax cuts and provisions would expire altogether in 2025. that would be problematic when you look at whats happening on the cooperate side. slashing from 35% to 25%....