Page 17 - Tax Codes News Today

Deadline or late-night negotiations yet. >> washington heads towards yet another budget debate, the stakes couldnt be higher. >> reporter: were in the pregame and the president is trying to box in his opponent early. >> we should be doing everything we can as a country to create more good jobs that pay good wages period. today i came here to offer a framework that might help break through some of the political log jam in washington. >> reporter: whats that framework? >> a deal that simplifies th...

Creating a bizarre and byzantine tax code that runs into the tens of thousands of pages, for creating a tax code that simply doesnt compete with the rest of the world. >> senators rand paul makes a very good point. congress writes these laws. congress is the owner of those volumes and volumes of books the tax code full of loopholes and some of those tax codes and loopholes written by industries that benefit from them. want to bring in laura tyson president of president clintons economic council ...

Bring and mortar stores whose owners have grown accustomed to seeing customers browse the showroom only to dash off to a computer or hand held device. >> thats not fair. thats discriminating against the local merchant. the local merchant who hires local people. the local merchant who pays property taxes. >> nine states have enacted online sales taxes. enforcement thus far has been lax. the marketplace fairness act would require the states to provide online retailers with new software to process ...

Trillions and dollars. they cut all of the health care subsidies in the obama care, 30 million people not getting insurance, cut another $750 billion-ish from medicaid, cut a variety of smalling programs in addition. they cut a number of low-income supports. there is a -- you can make an argument about the importance of getting a budget to balance, although i dont think it is particularly important and certainly not within the next ten years. you cannot argue this is good for the poor. all of th...

Well to do to keep special tax loopholes an exemptions in the tax codes achieved largely through look beists work and not ask them to pay a little bit more. that doesnt make any sense. jenna: for the good of the country. if its for the good of everybody why not senior consider it. >> what is good for the country is balance. if you dont have balance, jenna you have what we see in the ryan budget, the tax policy center policy said tk the tax cuts that go to the wealthy in the ryan budget would cos...

Then. >> correct. >> but now they wont support any loopholes whatsoever nor will they identify them. >> the bigger debate is if you do close the loopholes, what would it go for in republicans say it shouldnt be for deficit reduction, it should be to lower tax codes. its a non-starter for democrats. great to have you on with us. >> thank you. >> just ahead, the republican plan to steal electoral votes is going forward in one state. thats pennsylvania. well have the details next. stay with us. thi...

Loop holes. they were supporting romney back then. >> correct. >> but now they wont support any loopholes whatsoever nor will they identify them. >> the bigger debate is if you do close the loopholes, what would it go for in republicans say it shouldnt be for deficit reduction, it should be to lower tax codes. its a non-starter for democrats. >> great to have you on with us. >> thank you. just ahead, the republican plan to steal electoral votes is going forward in one state. thats pennsylvania...

Government that we can eliminate. but, we cant simply cut our way to prosperity. cutting spending has to go hand in hand with further reforms towards tax codes that wealthyest corporations and individuals can take advantage of loopholes and deductions that arent available to most americans. and we cant keep cutting egg things like basic research, new technology and still expect to succeed in the 21 century economy. so were going have to continue to move forward in deficit reduction, but we have ...

They dont think their party has fought as hard as they can. if you watch these games closely, its easy to get depressed. they are petty and sorrowful and vengeful. but behind all that, if you filter it out, if you look at the offers on the table and the counteroffers and in particular if you look at the red lines that are being proposed by john boehner and president obama, if you look at these very closely, a deal is beginning to take shape. watch this. you remember during the presidential campa...

If you watch these games closely, its easy to get depressed. they are petty and sorrowful and vengeful. but behind all that, if you filter it out, if you look at the offers on the table and the counteroffers and in particular if you look at the red lines that are being proposed by john boehner and president obama, if you look at these very closely, a deal is beginning to take shape. watch this. you remember during the presidential campaign what president obama used to say over and over again abo...