Page 8 - Loop Hole News Today

Double the standard deduction and double the child deduction. one thing that wont be is closing the loop hole for carried interest, which affects hedge funding many -- fund or managers. its something that the president promised. i asked sarah huckabee sanders about it. >> the carried interest loop hole is still here. why did not the president not insist getting rid of that? >> the. was focused. he laid out his first biggest principles that he wanted to make sure were part of any piece of legisla...

Roberts left off asking about the carried interest hoop hole. he said basically how it is keeping the carried interest loop hole or a portion of it good for the middle class? >> big priorities that we had were make it easy, make it fair, win again and bring it home. we feel like the tax legislation certainly does that. there were provisions put in place that directly help and benefit the middle class. they see more money come home and see child care, tax canductions double. there are a lot of th...

Its true. >> tucker: no, its speculative. >> its not. >> tucker: what is speculative is that a gun control group that is responsible for no mass crimes or shootings and takes a full minute to take one shot. that says the goal is not safety. its disarming the population. >> im trying to save lives. >> tucker: how many lives have been taken by muzzleloaders. were trying to prevent that. you dont want to do that. >> tucker: i dont think theres any evidence that its ever happened on ever will happen...

Bush the threshold where the taxes would increase. >> i dont understand that. all the data i looked at, that would not happen, again, im always interested to talk to people. what we did today, we had a giant first step when it comes to tax cuts and job creation. we go with the senate. the senates language he be coming out soon. well go to conference and then the white house what is left to be done is left to be done. this bill only gets better. >> tucker: heres what i dont understand. if im a pr...

>> tucker: so what is so amazing, typically when you have a lobby in washington on a subject, lobbying for agriculture, for example, they know a lot about farming. its always the anti-gun lobby that literally know nothing about the product theyre trying to ban. what could be the justification for banning muzzleloaders? >> unfortunately, if you had me on every time there was a mass shooting, might be every night. im glad to be here. what you left out is theres a company that is trying to jump thr...

Everyone across the board. george bush with his tax cuts, everyone across the board. even j.f.k. are you disappointed and maybe just the mass reality, congressman, that everyone wont here? >> well, right now the problem with our tax code is its a series of winners and losers. 10,000 pages of items that if you didnt get a special interest loop hole, you lose out. lets get rid of that and lower tax rates for everybody. i understand if somebody is taken advantage of right now patchy frost an existi...

>> the massive magazines legal. the parts to turn a semi automatic weapon into fully automatic rifle also legal. >> this is pieces of what makes it a fully automatic firearm. interestingly enough, you can buy this online. >> and the las vegas shooter may have used another modification. this is a slide stock. perfectly legal aftermarket component, according to the manufacturer video its easy to assemble on assault rifle the results technically dont make a machine gun ask yourself if can you tell ...

Youre going to save $1,000. but theyre having a hard time marketing it. >> its very true. people are suspicious that theyre going to get a tax cut that someone else always gets the tax cut. the issue of the state and local taxes being deductible on the federal return is a thorny one. i noticed cohn described that as a loop hole. and upper middle class people from the higher income, higher taxing states like new york, connecticut, california are not going to view that deduction as a loop hole and...

Carried interest deduction. its used by private equity firms. thus if you dont get rid of it for private equity firms, youre not getting rid of the loop hole. i dont think people dont realize that they just caved on this. unless he misspoke, because i dont think he did. theyre not fighting over deductions. if theyre going to keep the deductions in, youll have a find over -- >> neil: and a rate-to-rate comparison. also at the same conference, mnuchin said if were running late with this thing, cor...

And every loop hole, whatever you want to call it. theyre going to do the ground work they hadnt done before to try to bring people on board. >> a lot of people noted the president didnt come out yesterday. as you say, hes going to talk about it in pennsylvania over the weekend. but does he need to get more ahead of this than he did during the health care fight, tamra? >> this is going to be a long slog. if hes going to be announcing a long slog, maybe hes not invested. maybe he could tweet or s...