Page 2 - Pay Checks News Today

Things with certain legislation. >> and the reason they went that route is because the democrats, mr. sanders an independent socialist would not agree to negotiate tax reform. so this is great news. if theres actually room to cut more and if we can make those middle class tax cuts permanent, i think it is time for the republicans to call his bluff. >> in 2018 people are going to get their pay checks. theyre going to see their federal with holding numbers generally drop, right? >> yes. i think th...

Me this morning that they think its possible that those 12 seats are actually quite vulnerable for republicans and theyre going to target them and that gets them halfway to taking back the majority. what do you think of that? >> well, theyve been saying that for the last three cycles. we know it will be a tough election next year, but weve got a great bill thats gonna jolt the economy. when people see their pay checks going up. people going back to work. thats going to be something that the demo...

End up paying more that it wont be good for the republicans? >> next year the vast majority of people are going to see more money in their pay checks. doubling of the standard deduction, lowering of the rates. these things are going to result with a boost in after tax income. can president trump properly message that so that people know the reason that they got a gain in after tax income was because of the tax bill. right now the main stream media, democrats are doing a wonderful job painting th...

From 35% to 20%. which means the european countries are probably going to have to respond with a lower rate of their own. second complaint is that the u.s. bill includes some provisions that may violate some of the international trade rules the u.s. agreed to. because of that, we expect the european countries to probability retaliate. >> dana: would that be successful? >> it could be. i mean, thats going to be up to the wto. thats a very long process. it would have to be adjudicated by judges el...

Those two things. one is a certainty. people are going to see less money taken out of their pay checks. the other one is as the article yesterday by eight very respected economists said, were going to have some significant economic growth to our economy, particularly in the next five years. >> dana: were waiting for senator mitch mcconnell and other republicans to come out. i wonder what you think about some of the moderate democrats that came out, had a press conference around 11:00. all senate...

If you are a family with a combined annual income of $73,000, youre going to see a $2200 tax cut under the senate bill. so theres a lot of things about this bill that will pull people together even though there might be individual elements of it where there are questions and concerns. thats what the amendment process is about. well have a full spirited debate on the full next week. in the end we need to get to yes. we have not only a responsible to the american people to give them bigger pay che...

Senate? >> look, this is a great day for the american worker. bigger pay checks, more jobs, fairer simpler tax system. thats all good for working people in this country. im so proud of president trumps leadership. he was incredible today when he came in the room and has done a great job leading on this topic. as you describe, we now have to get this passed in the senate. weve gotten tax cuts passed in the house. the senate needs to do their job. >> sandra: well see what all this looks like. ever...

Eliminates the deduction for state and local income taxes. plan raises the direct tax credit for children and dependents, gets rid of the child exemption. there will be four tax brackets. the standard deduction will double. thats a mouthful, but joining us to break it all down is paul ryan. the president is about to go on this trip, 12 day trip to asia. what do you need from him in order to help get this done? >> we had exactly what we need which is his full and total support for tax cuts for ...

Income families. this is honestly, you can look at our post card. by doubling the standard deduction, 95% of americans can fill out their taxes on a post card if they want to. were excited about this. we believe, dana, this will help our economic potential. faster economic growth, more jobs. also means higher wages. cutting their tax rates, increasing child credit. you just get bigger pay checks. you keep more of your own money in your pay check. thats really good for families and very good for ...

Committee. we heard the president talk on tax cuts and reform to the american people. anything new coming out of the meeting that you just left? >> i think the key for the meeting that we just left was, number one, the president was very clear that he wanted to produce a middle class miracle for hard working americans, and he would love to do it in a bipartisan fashion. we are ready to go it alone. the focus of this tax reform package is centered on how do we make sure everyday americans get to ...