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El Telégrafo - La AMT dispuso un plan operativo para el regreso progresivo a clases
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El Telégrafo - La AMT extiende su horario de atención en los centros de revisión técnica vehicular
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so there are a lot of moving pieces within the bill to get to the trillion and a half dollars, so you have to look at the bill in its entirety. you can t just say oh, it s x or it s y. it s a combination of everything that gets us to that trillion and a half dollars. maria: i understand that because the 20% corporate rate is going to impact everybody. you hope it moves the needle on economic growth. the elimination of the amt, you hope will hit a lot of people but the fact remains when you eliminate the state and local income tax deduction, i m getting a tax increase. if you re in new york, you probably are getting a tax increase so you re raising taxes on some people to pay for corporate tax cuts. gary: remember what our objective was. the president had two main objectives. number one a middle income, hard working middle income americans deserve a tax cut. they deserve to keep more of their hard earned income. both bills do that. number two, we lower the business tax rate. we lowe
expenses to begin with and as far as the amt, the fact is that three times more people take the real estate income tax deduction than are hit by the amt, so that won t help them at all and also this is like a class warfare. i mean was john kennedy and ronald reagan who said that a rising tide lifts all boats. since when did republicans become the party of class warfare? we re falling into this democratic trap so we re going to tax the rich but if you look at it, they re determining the rich to be hard working, middle and upper middle income people and yes, a family may be making over $400,000 and they re in their late 40s and broken their neck for the last 20 years working their way up and they weren t born with a silver spoon in their mouth. they re not hedge fund people these are hard working people and they get screwed by this bill and i m not going to vote for that. i didn t run for reelection so that i can go to my constituents and say that i raised your taxes to help people livin
of the state income tax deduction, plus the individual exemption and those tax exemptions, they have been there those tax deductions have been there since 1913. maria: right. i just wish they wouldn t call it the greatest american tax cut in history, when we know that so many people are actually getting a tax increase. now congressman, i asked treasury secretary steven mnuchin about this and i basically said what you just said that new york gives $48 billion more to the federal government than it gets back and new york is getting a tax increase. here is what he said listen to this. steve: i think fundamentally we believe that the federal government should get out of the business of subsidizing state taxes and that s the reason to do it. we re getting rid of the amt for a lot of people in new york. they do pay the amt, so that is an offset, and we ve run a lot of numbers. we re very sensitive to people who make two and $300,000, that they re going to get a tax cut in new york. as i
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