Tax Math News Today

Republican senator and a top democratic senator fair and balance to get to the impact of all of this but it will change the tax math, not only in this country but across the world. in the meantime, focusing on all the tax attacks on big companies, not only affecting the price of meat but also affecting more than two weeks away between president biden and russian president vladimir putin, should that still happen in light of all of these attacks? right after this.

Now not be able to deduct their property taxes in high tax states like new york and new jersey, his supporters here still think its a solid plan. >> what do you say to those who look at it as offering major cuts for corporations, huge tax cuts for the wealthy? what about me, the little guy? >> its going to have a trickle-down effect because when corporations make more money, the economy gets stronger, the economy gets stronger, wages go up. >> reporter: this waitress agrees. >> you know what, th...

>> reporter: this waitress agrees. >> you know what, the wealthy and the corporate america are creating jobs in this country. >> reporter: this, despite the fact she will probably be paying more to uncle sam. >> i have a daughter in college. im a single mom. i have my own home. i have no problem paying if its going to make this country stronger. >> reporter: this man, who also voted donald trump, did not want to show his face, but did use the cnn tax calculator to do some quick tax math. as of 2...

Administration. theres something internally going on that either theyre misinterpreting what the law is or what the procedures are, or theyre just wholly ignoring them. either way, theyre going to have to account to the public, $52,000 is not a million. so, theyre going to have to tell us who was on the plane, why did you use the plane? et cetera, et cetera. that full reporting is going to be done. you can do it one of two ways addition. >> it wasnt like he got a seat on a plane going to those p...

Thats one of the reasons we see such extremism in congress and i wonder if it would have the same rhetorical effect if you were only debating in front of moderators when also agreed with your party. what are we going to end up with? >> charlie, ezra klein made this point i thought was interesting. he said people are angry but partly theyre angry because the policies of republicans is that substantive questions about their policy proposals end up sounding like hostile attacks. i think theres some...

He said people are angry but partly theyre angry because the policies of republicanses is that substantive questions about their policy proposals end up sounding like hostile attacks. i think theres something to that particularly when youre talking about tax math, right? >> ben carsons tax plan is apparently written in clouds of cotton candy supported by bailing wire. marco rubio right at the end lets slip that he wants to have no taxes at all on investment income. you know, out in malibu mitt r...

Plan. a version of president obamas tax plan, the buffett rule, goes before the senate tomorrow and calls for an effective minimum tax rate up to 30% on people making more than $1 million a year. if it passes, maybe buffet will pay a higher rate than his secretary this year. despite the threat and swearing that carries me through the mid-april tax madness is a democratic spirit. the belief were all in it together. paying into the collective pot is part of our duty as citizens and means we have r...

Bottom rate would go from 10% to 24%. for top earners it would mean a tax increase of $970,000. and as the deficit declines to a mere $800 billion in the out-years, it would still mean top tax rates well above 55 to 60% as far as the eye can see. >> neil: that is assuming by the way that taxes go down once they go up and we know the history is dicey on that. having said that, you ruled out them getting a handle on spending in the near term so the only way the to do it is big tax increase. thats ...