Page 6 - Math Work News Today

The waters warm. >> shannon: ed henry, thank you. as a mention, overseeing a defined pelosi to make confident she has no votes to be elected speaker again so does the math work. lets see what fox news politics editor and editor of the halftime report chris stirewalt thanks. good evening to you. >> happy thursday. >> shannon: want to play more of what nancy pelosi had to say. >> i have overwhelming support in my caucus to be speaker of the house and certainly we have many, many people in our cauc...

House? what would the agenda look like for an emboldened, because theyd be emboldened if they won republican party. according to "the new york times," house republicans have deferred the messy work of planning a legislative agenda at this point. but if they were to win on tuesday, republicans would claim a conservative mandate to cut taxes, chip away at the affordable care act and shrink federal spending. something else that could land on their agenda is special counsel robert muellers ongoing i...

Minute closer to one point five one could save even two incomes a thoughtful one dollar spending to even only baynton all on tax cuts of all on the universal basic income more than one goes back into the economy and because of these very important to to g.d.p. ratio is already more than one even a one to why increase in basic to a beat eight. ratio just out this is how the math work at it again is not what you see even higher than that this will be an improvement east much more substantial inves...

Members ahead of a vote on their version of the tax bill. the first gop senator is opposing the plan jeopardizing plans to pass it by the end of the year. senate republicans can only lose two votes and senator ron johnson says he wont vote for it. it gives corporations a bet er deal. that prompted president trump to give him a call. hes not entirely wrong. most tax cuts expire in eight years. and the rate used by small and medium size the businesses. t the corporate rate is permanent. youve got ...

All these plans? >> reporter: well, its a little bit of both. first and foremost, it is a financial move to make the math work if you are a republican. it will give you an extra $300 plus billion to work with. you can make the package of tax cuts more appealing on the corporate side or on the individual side. it just gives them a lot of leeway when it comes to the math. but also politically. theres no doubt, this is charged up in both parties bases. i have been talking to senators and aides sinc...

Curveball hurts with a lot of democrats, what does it do, brings the deficit number down. they are trying to get it through with a simple 50 vote, and this helps with that. it would raise average premiums by 10% which could wipe out any tax savings. 13 million fewer insured over ten years. i keep saying its a gamble, its a gamble, its a proposition. what is the proposition? >> its math and votes. if you make the math work thats important, to do it on a party line vote and do you have the votes? ...

The senate does. that leads to, i think, the biggest sticking point, corporate tax cut and when it goes into effect. the president has been very clear he wants it to happen right away. conservatives in the house want it to happen right away. republicans in the senate have to find or pay for some other way to make up the difference in the money if they want to start it in 2018 instead of 2019, the current plan and when they get it figured out have to make sure the lawmakers from high taxed states...

Detail. you heard scott hodge. what do you make of it overall? >> well, i think scotts exactly right, that were looking at a major pro-growth cut on the business side and nothing on the individual side thats going to make it meaningfully better. the house narrowly avoided sunsetting the corporate rate cut in years nine and ten which is a huge relief because companies make investment decisions longer than ten years. now, to make the math work for the budget, they had to make other things temporar...

Their leaders decided and what the bill is called, and we will know what is in the tax bill. what i do know for sure its going to be hard to make the math work and a hard quick sell to get this done, something republicans want to do. and later today we will learn who the new fed chief will be. the president will unveil that pick ending months of speculation. the man on your screen, widely expected to get the nod. janet yellen would be the first fed chief since the carter administration to only s...

Trying to reduce medicare and medicaid to the tune of $1.5 trillion. >> where is that money going, to tax cuts? >> absolutely. so they can make some of the management work. -- math work. it decimates medicare and medicaid when you read it with the budget and thirdly it doesnt do anything for the middle class. think of the estate tax. you mentioned that before. how many states in pennsylvania are benefitting from this? 150. not 150,000, 1-5-0. >> in fact you know the state of pennsylvania which i...