Page 1102 - Highest News Today

Confirm mr. reagans personal fee but do admit the reagan tour will cost the company $7 million. the conservative media group considers it money well spent. ronald reagan is being promoted on posters and on television. >> were looking forward -- >> reporter: critics say reagan is cashing in on the presidency, but theres nothing illegal about that. >> the ethics and government act is precisely intended to avoid acts that are detrimental to public confidence in high office. so the act is relevant h...

Rode. but as you just heard, the administration couldnt provide income ranges for those brackets. so whos getting hit with that 35%? someone making 25,0$25,000 a yer $200,000 a year, we just dont know. so the conclusion here is that simp simplification doesnt mean that everyone gets a tax cut. but there are clear benefits for the wealthy. the highest earn will will see their rate go down if this plan passes from 39.6% to 35%. theyll avoid an obamacare surcharge and a huge tax when they transfer ...

Growth, tremendous amounts of regulations killing small business and big business so we are going to have a very tax friendly country again and it is going to mean jobs, it will mean expansion, new companies growing. >> has he made an impact so far? we continue our look at the first 100 days and here to discuss the economic policies is the chair of the program in business and finance at kings college in new york city, thank you for joining us, we love having you here. you want to grade the presi...

Rather than come back here and motivates business people to seek tax shelters rather than reporting their income honestly and fairly and when you have taxes as high as we have on corporate profits, which are the highest, and we have the fifth lowest revenues as a gdp, i think that tax is a perfect one to bring down right now and youll get the incentives to move your businesses kbback to e u.s. and youll get payroll taxes and income taxes and sales taxes and property -- you know, theres a lot of ...

Also eliminates nearly all deductions apart from those for mortgages and contributions to charity, business groups are praising the plan to drop the corporate tax rate which is the highest in the world from 35% to 15%. several other taxes will be repealed including the obamacare tax on small business and investment income and the estate tax and the death tax. here is steve mnuchin last night. >> this is about a middle income tax cut and lowering business taxes, we need to make businesses competi...

Two, simplify the tax code. provide tax relief for families and lower the business tax rate from one of the highest in the industrialized world to one of the lowest. in order to achieve those goals, it will lower the number of tax brackets from seven to three. this will double the standard deduction for individuals and families meaning that married couples will not pay taxes on the first $24,000 that they ear earn. it also completely eliminate the double taxation, the minimum tax is gone. on bus...

Families and four, lower the business tax rate from one of the highest in the industrialized world to one of the lowest. in order to achieve those goals, it will lower the number of tax brackets from seven to three. this will double the standard deduction for individuals and families meaning that married couples will not pay taxes on the first $24,000 that they earn. it also completely eliminate th double taxation, the minimum tax is gone. on business and investment income. all tax breaks with t...

Renegotiation of the nafta deal for the benefit of all three countries. this of course came after the white houses big announcement yesterday on its proposed tax reform which it calls the biggest tax cut in american history and if it goes through it could make filing taxes a whole lot simpler. are the highlights of the presidents proposal, rather than the current seven tax brackets there would be only three, 10, 25, and 35% and doubled the standard deduction for couples to $24,000 but also elimi...

Responsibility being the province of republicans is simply wrong and i think we need to stop applying a fiscal responsibility label to just call them taxes. lets just call them what they are, tax cutters and not fiscally responsible individuals. >> we wanted to give you a chance to defend there and i think theres enough fiscal irresponsibility to go around, politically speaking. >> well, sure, the democrats want to raise it by spending and the republicans want to raise it by tax cuts. nobody wan...

>> right. >> youre talking cutting from 39.6 to 35. >> erin -- >> rate of growth isnt -- >> its a fair point. the major benefit of this tax plan comes from cutting the business tax rate which right now as you guys know is the highest in the world. were seeing every country, germany, france, italy, spain, ireland, consulting taxes. the united states has become hopelessly uncompetitive. weve got to bring it down -- >> youre saying youre going to shut the deductions down, which would defeat the who...