Page 1405 - Threshold News Today

Press. theyre using a process to not have to cross that threshold. they could get it through the senate without any support from democrats. >> jon: glenn hall keeping an eye on the tax plan for "the wall street journal," thank you. >> heather: recovery efforts hit a in puerto rico as aid piles up imports. theyre sending a three star general to that island to ensure supplies reach people who are in dire need right now. jennifer griffins life rest from the pentagon with more. hi jennifer. >> hi. w...

Theyre taking power out of washington, i dont think democrats can buy into that. how donald trump cuts a deal with them -- >> harris: i heard a little differently from you. i heard him say im going to do a deal with democrats and we know he will and we also know that the threshold would be 60 votes and that democrats may feel like they have a little but of leverage, so maybe they will jump into the game. we wont get to single-payer. the president said i have great relationship with democrats and...

Not increase a deficit and a much smaller corporate tax cut if any at all and the elimination of more corporate tax cuts. the democrats would also insist on preserving the deductibility of state and local taxes and preserving some form of the estate tax, perms a higher threshold, perhaps on all estates above, say, $20 million. thats all negotiable. and, of course, democrats would insist on no increase in the bottom tax bracket and they already know that donald trump is ready to agree with them o...

A bipartisan bill would be a very different bill from the one president trump is pushing now. the democrats would insist it not increase a deficit and a much smaller corporate tax cut if any at all and the elimination of more corporate tax cuts. the democrats would also insist on preserving the deductibility of state and local taxes and preserving some form of the estate tax, perms a higher threshold, perhaps on all estates above, say, $20 million. thats all negotiable. and, of course, democrats...

Probably make a lot of money at the very high-end and have a very extensive house in new york or california youre probably a loser because the one of the proposals is to remove the reduction for state and local taxes. and if you are living in a $2 million house in los angeles, california, youre going to be paying more tax. >> tucker: the idea is -- they are almost all blue states that have these -- in new jersey, california, new york, very high property taxes but they are in effect subsidized by...

Whats going on with respect to timing, we have only until friday for reconciliation. were going into next year. in the meantime ill start negotiating with democrats and well see what happens. >> shannon: a couple of things there. the filibuster that would do away with the 60-vote threshold but also trying to work with democrats. if you cant -- if you have 52 republicans and cant get for50 votes there which democrats do you see crossing over on a plan that would get enough votes to make it past t...

Probably make a lot of money at the very high-end and have a very extensive house in new york or california youre probably a loser because the one of the proposals is to remove the reduction for state and local taxes. and if you are living in a $2 million house in los angeles, california, youre going to be paying more tax. >> tucker: the idea is -- they are almost all blue states that have these -- in new jersey, california, new york, very high property taxes but they are in effect subsidized by...

Or california youre probably ar loser because the one of the proposals is to remove the reduction for state and local taxes. and if you are living in a $2 million house in los angelesa california, youre going to be paying more tax.s. >> tucker: the idea is -- they are almost all blue states that have these -- in new jersey, california, new york, very high property taxes but they are in effect subsidized by the rest o, the country under the current code because they are deductible. >> we can talk...

Have. but the bottom line is this isnt middle class by most standards. >> one other point, whether or not you think you should get rid of amt. to the presidents point this wont benefit him, the one year -- >> the one tax return we saw which would be a $31 million difference if he would not have paid amt. for the president to say this is not helpful to him, thats a lie. trump paid $31 million more than he would have in 2005 because he fell under alternative minimum tax. again, there are regular w...

This done? >> on the question of the presidents demand the senate get rid of the 60-vote threshold to pass legislation. if they cant get 51 votes to pass health insurance changes that are widely popular among republicans, do you really think that they can get 51 votes to eliminate the filibuster? i dont. i think its more than farfetched there wouldnt be at least three republicans saying we arent going to change the rules in the senate. this is a battle for the president he is going against this ...