Page 12 - Tax Codes News Today

Series of bizarre attacks. the feds say they still dont know who is targeting americans. thats ahead this hour on "shepard smith reporting." im trace gallagher. president trump praising the new tax plan and praising the biggest tax cuts in history. he also promised to make the tax codes simple, easy and fair and he says the u.s. needs to encourage companies to stay in america. >> one team, one people and one great american family. this can be remembered as the moment we took control of our desti...

The tax codes arent just rates anymore because the complexity. when we simplify it, it changes it. so again, at the end of the day, well continue to make sure this is fair and lowers those rates. >> neil: chairman, one of the provisions in here is to address the high tax situations in a lot of big stakes like new york, illinois, california, new jersey, et cetera. removing the deductibility for the state taxes paid in those states, a lot of your colleagues from these states, that could be a nonst...

All well president trump gets ready to speak about tax reform at an event in indianapolis just a few hours from now. some details of the plan emerged yesterday when the president personally appealed to house lawmakers to get behind this proposal. >> our plan is based on four very crucial principles. first, we must make our tax codes simple and fair. its too complicated. people cant do it. american taxpayers waste 6 billion hours each year complying with the tax code under our plan. the vast majo...

Re-election and i think a lot of that, you know, has to do with the way that republicans are perceived right now in washington with their repeated failures to do the things that they promised. so i think its just interesting in, you know, whats going to happen in the years ahead and can the republicans really hold on to their majority? i think thats going to be interesting. >> neil: they got to get those tax codes through whether you like them or not. thats going to be their holy grail right the...

In the short term. we are seeing 9 economy grow. the economy has been struggling for way too long. the growth in this country for 10 years has been does mall. we lower taxes, you will see tour economy grow at significant rates. chris: the president said he wants to cut taxes on the middle class, not necessarily for the wealthy. but a new report says this plan will cut the top rate from 35%. are they cutting the tax rate? >> hes eliminating all the deductions that most of often the wealthy take a...

In the short term. we are seeing 9 economy grow. the economy has been struggling for way too long. the growth in this country for 10 years has been does mall. we lower taxes, you will see tour economy grow at significant rates. chris: the president said he wants to cut taxes on the middle class, not necessarily for the wealthy. but a new report says this plan will cut the top rate from 35%. are they cutting the tax rate? >> hes eliminating all the deductions that most of often the wealthy take a...

Majority of democrats in the senate, including a democratic senator from the great state of north dakota. it can happen. you listening, heidi? yes, heidi is listening. yes, she heard that. thank you, heidi. were not going to put her on the spot. im not putting her on the spot. >> pretty surprising day for washington to say the least. in a statement she said trurps remarks were encouraginencourag know the devil is in the details as tax codes are complex and we need to know what those details are....

Paul: if its 25, you could live with that? >> i could. that is an equal 43% tax cut for both. but its really important for our non-c corporations that have so much growth. and we are not going to do that this time. paul: state and local tax deduction is on the table. is it going to stay there? >> im hopeful and here is why. under the current taxcode, washington tax codes have a higher rate. some can use that deduction. we are proposing the lower rates for everybody so everyone gets helped. getti...

Work your butt off and pay taxes you should be able to easily understand and navigate the laws, tax codes, healthcare and anything else the government put in place that affects us all. heather: he hopes to replace the michigan democrat holding that senate seat. rob: i think we has a real shot. speaking of music, the surprise of a lifetime for zac browns band. heather: demand surprising a telephone -- philadelphia teenager after he was paralyzed by tragic diving accident. >> oh my god! >> how are...

Anybody? i believe a lot of republicans wont say this publicly but privately they are okay with the status quo, okay with the tax codes. they are okay with health care. they really are. on the hill. i am saying i dont think they still quite understand the electoral revolution that happened in the country. the angst, the anger. opportunity on the upside of what we can do in this country if we start growing again the way we did in the 80s and 90s. i am confident we can get there. >> eboni: perhap...