Page 13 - The Devil S News Today

The same revenue or more revenue, thats a win-win for everybody. the sort of policy everybody stands up and ann plauds for. the devils in the details. ive asked people what loopholes are you willing to close to make that possible? it only workings if you close off awfully big loopholes. so lets go through a couple. the biggest ones out there, mortgage tax deduction for home own owners. is that something you would be willing to close? >> all to your point incredibly important and incredibly serio...

Correctly. the saudi prince said the united states is much bigger and maybe have more room for potentially asylum for gadhafi than saudi arabia. anyway, up next, a billion here and a billion there. for lawmakers on the hill. now, the devils in the details of this budget deal. well talk to karen bass, but the upcoming vote. when billions turn to trillions why last weeks fight was small potatoes compared to whats coming up next. and later, gas prices creeping closer to an all-time record and mem...

Three steps, folks. so we asked our certified financial planner to break this down for us in our take it to the bank segment. good morning. three steps. is it that easy? >> well, it could be that easy. >> it sounds easy. >> the devils in the details. >> the details are -- what are the three? >> the three steps are, the first one is how much time do you allow for savings. if its under ten years to get to that million-dollar number youre going to really need to ramp up your savings. >> were talkin...

Mr. obama delivering a speech to the chamber seemed unthinkable just a few months ago. the white house and the chamber sparred throughout the fall, with the president accusing the chamber of funneling foreign money into american elections. >> are you going to let special interests from wall street and washington and maybe places beyond our shores come to this state? and tell us who our senators should be? >> reporter: chamber president tom donahue has been a frequent vocal critic of the white ho...

At all for conservatives to say we need an aggressive adequate response. >> neil: your thoughts on putting a con tingecy fund asaid for bp. some say $20 billion, others 37, $40 billion, but this would be one sure way to make sure your state and area residents add versely affected by this mess get compensated. >> certainly bp has to pay all those valid claims. i support anything that helps ensure that. we need to do that in a timely way. >> neil: including, sir, the contingency fund? >> if done r...

What those numbers are talking about was sort of the medical system as a whole and not parsing it out to specifically to medicare and to other particular providers. so, i think its a little bit hard to make that case. with regard to tort reform specifically, you know, what happens is the amount of money paid out in lawsuits is relatively small amount of money. that case has been made. probably 2% or 3% of the health care budget. but the sort of trickle-down effect, on doctors and nurses and the ...

Heres the next question, can i get the $6,000 tax credit for the condo i purchased with my i.r.a. money on december 30, 2009? what do you make of that? >> its $6,500 for people buying their primary home, it sounds like this person, this woman, is renting out the home. its not the primary residence, so the answer is no. >> the answer is no, and its really complicated, because it depends on when you buy that home, the devils in the details. guys, thank you very much for your help. the help desk is...

The $3.8 trillion spending plan tries to balance more government spending to generate job growth with controlling the deficit. white house correspondent suzanne malveaux joins me now live. as they say, the devils in the details. give us those details. >> reporter: betty, one of those budget wonks now. we have been combing through the budget over the last hour or so. i got a chance to talk to the director of omb peter orszag who said theyre trying not to make things worse than before, trying to l...

Under your plan? >> george, thats an exception to everything. you can always find a unique family somewhere. >> but if you live somewhere with high state or local taxes you cant deduct those from your federal return under this plan. that could mean a big tax increase for you. folks, bottom line, the devils in the details and we dont know a lot of the details. which tax bracket do i fall into? 12, 25 or 35%? we dont know. havent told us which correspond to each bracket and havent definitively set...

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