Page 35 - Shell Game News Today

What stephanie just said. i am sure we are all and the whole world going to learn much more about this in the coming days, but this is part of a story that in many ways is reshaping the media, the media people consume at home all across the country. >> absolutely, charlie rhodes, matt, the head booking guy at nbc news, matt zimmerman, were waiting for other names to come out. it also is remaking the face of the media. i have heard from friends, family, from overseas, it seems like matt lauer is ...

>> he always would go with the charts. ron johnson used to be notorious for going around with the charts on the deficit. now its like lets actually pass something thats going to add a minimum of $1.5 trillion. thats obviously a gimmick because many of these tax cuts expire. its kind of a shell game there. so thats a really good question, what did happen to fiscal conservatives? and how do people who are concerned about the national debt really justify this, especially if were right in the projec...

New york and california and they have to reason to keep taxes low. maybe this will put a burden on them if they see wealthy people leaving their state and relocating their businesses and homes to places like nevada and florida. other than that we need to go to a fair tax, a flatter tax. stop the deductions, stop the nonsense and stop the shell game. bottom line, cut spending. neither is bold enough to do it. >> i want to get this down to robert here, slamming the gop tax plan and then go to mari...

We wonder how far apart are the house and senate in this? >> as relates to the local taxes, seems to me that its geographically driven. if you take california, new york, new jersey and connecticut, that could be very important. if you take a state like nevada where we literally, our property taxes are affordable. we dont look at that if im going to buy property. those in higher areas, it could have a major impact and could end it. >> kennedy, what are you looking for here? what stands out to you...

Shall we say liberal or progressive, this tax bill which means giving those state and local tax deductions back to blue states where they dont have republican senators, thats not going to help the fiscal hawks on the republican side. >> fiscal hawks have thrown that out the window. they need a win. >> no. thats exactly right. when it comes over to the senate. that $1.5 trillion price tag isnt just a goal, its a ceiling. thats what they have to keep the price tag under if this is going to comply ...

Done in hopes the senate will follow. >> i feel very good about it. i think our members are excited. we are pleased. this is what we said we would do when we ran for office in 2016. we have to have tax reform. we have to have tax cuts for people in the middle. this delivers that, and we really are convinced this is going to help get our economy growing and reaching its potential. yes, we are on track for moving this through the house before thanksgiving. thats our plan. we expect our friends in ...

>> this is a shell game, a ponzi scheme that corporate america will perpetrate on american people. >> one thing is crystal clear. this plan is a tax burden that ought to be on the backs of the wealthy and the biggest corporations but, instead, it drops it squarely on the backs of the middle class. >> the next step is the ways and means committee in the house will start marking it up. they have to withstand the pressure from lobbyists and special interest. actually, president trump tweeting yeste...

On a post coward. imagine thats all you have to do. steve: this is how much i made. this is how much i spent on some of the limited deductions still out there. the student loan interest deduction is gone. medical interest deduction gone. continue to keep the charity deduction. however, if you live in a high tax state. the state and local taxes will be gone. but you will get a 10,000 deduction for your state property tax. abby: places like new york, new jersey. what this means, rob, you think abo...

It. much simpler. put much of what it looks like on the big wall downstairs. essentially there is a zero percent bracket thats going to impact a lot of people. a 12, 25, 35. and there is going to be a millionaires tax 39.6%. the president made it very clear the hope is because they are going to reduce the rate that businesses pay from 35 to 2-%, its going to create a ton of jobs. heres the president. >> this is a shell game -- >> working to give the american people a giant tax cut for christmas....

In the business side it slashes corporate rate from 35% to 20%. cuts taxes on small business income to 25%, eliminates sending jobs overseas and repeals death tax. its so good it told laura ingraham that it may get democrats to support it. >> its an honor to work with fellow republicans. i think we are actually going to have some democrat support. i think its going to be very hard for them not the support it. >> but democrats waste nod time blasting it. >> this is a shell game, poncy scheme that...