Transcripts For CSPAN Washington Journal 11102017 20171110 :

CSPAN Washington Journal August 17, 1111

Unveiled . Guest depend morning. It was interesting because this chamber has been working agether loosely for months on tax plan, as well as in consultation with officials from the white house because they be too far apart overall, but there are fundamental differences between bills and i think the ne that will perhaps end up changing because there is a lot of disagreement over it is the Corporate Tax break. I think republicans in both chambers want to lower the rate level, the agreed upon you see in both plans. On the house side, Corporate Tax reduced immediately, beginning january 2018, whereas until 2019. Delays the senate bill does this in money in reate more the treasury, more offsets. That, you reduce money coming into the treasury, that is part of the reason they do it. They consider that to be gimmickery and the Corporate Tax rate will spur growth in Economic Growth overall. So my thought initially on this lawmakers g to house when we learned of the plan, is they feel Corporate Tax rate happen immediately or faster than in the senate bill. Lawmakers, to senate when they first came out of the briefing yesterday morning, them the tax plan, many of told me the same thing, that they want the Corporate Tax rate happen sooner and theyre oping that can be accomplished somehow by playing around with the tax plan and to reduce costs elsewhere. Is my initial perception from talking to lawmakers they left townre for the veterans day holiday. Susan ferrechio, what are you hearing about the vote . Do House Republicans have the votes . Have the republicans votes . Guest thats a good question. Know, these things can be tricky because there are members lose fornd members who their districts in this tax lan, right now the people that may not vote for the house bill are republicans from wealthier and higher taxed districts. Many of them have gone on the record already to say they cant support the plan because their constituents would be paying ore because tax rates go up slightly for some joint filers property tax the deduction changes, mortgage interest Tax Deduction changes and the elimination of state and local Tax Deductions overall in the house bill. Do not these lawmakers constitute enough of a faction the house. Bill in i think the majority of members, conservative big factions who can cause problems when the house is trying to pass ills with republicans only, they appear to be on board with this right now. My initial thought, its in good house next week Going Forward with the exception lawmakers from the higher tax districts, who at appear to dont constitute enough of a faction to prevent the bill from passing. Host we talked about senator david perdue of georgia yesterday, former fortune 500 c. E. O. , he has the president s relying on sident him for tax reform and he told us in the newsmakers interview, believes they have 5152 republicans in the senate. Reach 50, you could see up to six democrats voting yes. Us and Susan Ferrechio, what do you think . Well, thats really an outstanding question here. What will democrats do. The democrats we have our eye on, are democrats up for states ion next year in won by President Trump in 2016, we call them red state democrats in the senate. None of them committed to voting for this tax plan. Talked to many of them individually and they aopposed o bill, f what is in the including local and state Tax Deductions, and i think what it down to greta, whether they calculate it will benefit f. They stituents determine by looking at details of the bill, there will be a lot of avings for majority constituents, it may be difficult for democrats in the bill,s to vote against the however, that is not a guarantee, none of them committed to doing it, the resident has gone through with outreach for democrats who have talked to the president about and say n cooperation could lead to collaboration. But there is no real connection there, other than these loose talks that theyre aving on capitol hill occasionally between white house administrators and key democrats. Think that but i senator perdue brings up a good for , it may be hard redstate democrats to vote against a tax plan that benefits th constituents if they calculate it to turn out that way. With susan g ferrechio, chief congressional reporter with the washington xaminer, here to take your questions and comments about the legislative agend a. Tax reform can call ic, but you on other Public Policy issues, as well. Democrats, 2027488000. Republicans, 2027488001. 2027488002. Nts, call in now, well get to your in a minute. Susan ferrechio, you wrote a weaver, long with al g. O. P. Election route haunts tax reform push. Way . At guest it was pretty new esting, the results in jersey and virginia. Less so the governors races, races that vidual knocked out a lot of local in the suburbs. The suburbs are where the state deductions are very popular and of course, hose are eliminated in the house bill. It had a lot of lawmakers talking on capitol hill about that on their reelection prospects in 2018, popular. Eductions are the tax bill overall, would lower rates, but it does get rid socalled loopholes or things people use to pay fewer taxes. Has a lot of lawmakers on capitol hill nervous about how that will look constituents will think of it and how it will impact their election prospects next year. They certainly, i think, were elt warned by what happened on tuesday, with these big wipeouts with local elections in i think particularly virginia, where you saw the nearly flip ture from very strongly republican to now just a bare republican majority. A day there, wasnt uite sure majority hung in the balance. So lawmakers are paying attention to this, they always postelection contests dont really mean anything, especially in states that have blue, but they do Pay Attention to them and i think the impact wary of of what tax reform will do for constituents. Al the interesting thing about this bill, more than most that ive capitol hill is the way lawmakers are talking about it will impactve their constituents. They are going through constituent property rates, tax rates, they want to going house by house to see whether people are oing to win or lose from the tax plan and that is how they decide whether they will support it or not. And theyre being very careful about it and the republican the rship intends that in end, the vast majority of onstituents will benefit from this plan. And theyre counting on that, that is going to make or break makes it not it through congress. Host Susan Ferrechio, the other story you have from earlier this push for erve tiatives Obamacare Mandate in the tax bill. What do they want to include and leadership responding . Guest well, persistent theme now, is there a way to repeal the individual mandate. Ont forget, they attempted to repeal and replace healthcare law earlier this year and werent able to do it. A quest to get it done one way or the other. Here they would have an done with to get it just 51 votes, circumventing filibuster that would block it. It would create 400 billion in would be a which help to maybe eliminate some of thatther loophole closures are unpopular. There is chatter on capitol hill way to put this in, i think republicans are tempted by it, i think they are, talked about it, the president encouraged it, key leaders on the hill are it. Cussing but, i think theyre on the ence because it also has the potential to for the entire doing there may be unease that among senators who they need in the senate to pass the tax bill. Moderate senator. So i know there is discussion, do i think they are tempted by it . Do, but i dont see a commitment to do it. Its not off the table. Talking to were Republican Leaders yesterday afternoon before they left town, about, still talking they wont rule it out and i is something we need to keep our eye on when the mark up comes on the senate and house doesnt make it into the house passed bill, pass the house next week . It could come later on, both chambers will probably have to work on a r and compromise bill since each chamber is likely to pass a plan. Rent tax host well see what the viewers have to say. Sarasota, youre up first, mary. Of er i really think most the public supports doing away and local Tax Deduction as way to compel say new york and howfornia to really look at their tax money is spent. Federal f receiving deduction for state and local taxes, theyll have to take a how the state and all county necessary their state are money. Y using their it will hit them in the pocket pay and compel them to attention to how their money is being used. Have is point that i that according to the u. S. 27 the adultbout of our country is college educated, all the way degree to ates professional degrees, doctors why should now loansty subsidize student for quite a minority . When we really need skilled tradesmen training in this people to be ed job ready and to make a decent iving, yet everything has been focused on college education. Paying n tell you from for my own children, every penny to go through school get through. Classmates use student loan money without any are that they were going to have to pay it back. Got went shopping, they spray tans, got their nails done, you know, this is not taxpayers should subsidize. Host all right, mary, Susan Ferrechio. Guest well, two interesting topics, both about deductions. There is definitely a fight on capitol hill amongst lawmakers bout the state and local Tax Deductions. You have lawmakers from states like texas and florida, who say, why are we subsidizing state and high Tax Deductions for tax states . Why are we doing that . The high eople from tax states who feel they are doing the subsidizing because money back into the federal government, which rest istribute it to the of the country. You have sort of quarrel going on amongst lawmakers over who is paying more and who is owed more and i think the state and local ax deduction is the heart of that right now. And they are in the house people who dont like the state and local Tax Deduction, you have places like york, new jersey, california, pennsylvania, where taxes and the r rest of the congress is saying, exactly the argument the caller is that why ich dont they take it up with their own governments. Tax rates. Igh that appears to be where the debate is headed right now on hill. Ol go back to the second point that the caller was making about the idual deductions and fight over that. It certainly has brought up really the what government should subsidize. People feel angry about the deduction, terest they believe it favors the high everybody ers over else. There are people who do not favor these other individual deductions and think there should be fewer of them. Loan, the student other could be anything, the child tax credit, anything where like why are we subsidizing any of this. Issue. T is part of the the republicans have argued, why dont we lower rates and get rid deductions, and then when you calculate taxes, keep ore of your money up front rather than getting it back through the deduction process. So it is really brought up that debate on capitol hill and you really see lawmakers struggle withing how to deal this. Everyone has their pet deduction they are trying to save. You know, deductions that are taken out in restored in e been the senate, among them the Student Interest deduction that about, er was talking its back in the senate, hasnt been taken out in the house. Nother one is medical expense deduction, which is gone in the house, restored in the senate. House yesterday voted to restore the credit for those who up to 13,500 per adopted child. Restored. Nd it is because people are attached to deductions and favor them or dont favor them and on capitol g fight hill over them, not clear what will make it out in the end. Beginning of process, its churning through the house now and beginning its a lot in the senate and of the work may ultimately doors and nd closed house and senate are working out that final deal and you may see termsore change necessary of which deductions make it in or out. Rose waterbury, connecticut, democrat. Can you hear me okay . Host i can. Caller okay, im just calling i am very unhappy with the Current Administration and to be quite cruel. And even the tax plan itself, to take away medical writeoffs, it cruel. Seems and they are replacing it with, are makingeople that billions and billions of authorize, theyre going to get cuts, that seems very, very cruel. And of course, a big concern of mine mine, we seem to be headed for world war iii at our own accord, pushing this. I think it is really important pparents to nd grand children and grandchildren will have to fight if we have world war iii. It is very serious. Concerned. Those are my concerns. Writeoffs and the tax plan just is another angle of cruelty, in my opinion. Host okay, rose, Susan Ferrechio. What the caller might be talking about is the state tax, it would choose always a point of contention on capitol hill between republicans democrats, democrats want to preserve the estate tax, whereas republicans want to get rid of it. In this case, you see two house and the he senate, the house phases out the raises cap, the senate keeps the estate tax, money coming g into the treasury. I happen to think that estate going to stay in and because they need revenue, i think two, because that republicans are hearing the entiment of callers like the one we just listened to. I feel like they tonight want his to be a tax cut for the wealthy. Know that the priority of republicans writing this plan in both Chamber System make sure this is tax cut for the middle dont want a whiff of this benefiting the wealthy expense of the middle class. I think you will see all efforts to prevent tax plan from looking way. I think overall, people on the ends of income earners will see savings. Those who are paying more are oing to be higher income earners and i think the estate tax will probably stay in, at point, if i had to guess, byause mostly it was left in the senate. Theyre going to have more say process, they have smaller majority, harder to get through the senate, they need they areuence over it, the tougher chamber to get this thing passed. That is how it will be addressed, preserve the tax cap on how much, end up preserving cap on who will still be in process ise time the over. Host brenda in chi co, republican. Far as judge is concerned, they can corroborate make up a story to fit the coberation, that would be pretty easy for them to do. As far as the estate tax is concerned, that takes away farms and then agri business moves in with all their want less and if you pesticides, you need to let farms keep their host okay, brenda. Comments on the judge and what is political fallout, if any, for republicans and their agenda. Well, you know, there is ow a threat they could lose another seat, so that is terrible for the republicans because they are barely scraping their 52 seats in the senate. They were not able to pass a majoritye bill because wasnt big enough. They need more padding so they few people and still pass things f. They in fact Lose Senate Seat from pam bam, they ofl be down to bare majority 51 votes, which means they can nly lose one vote on any given g. O. P. Majority measure, which many, so thats a problem for them and i think there is a real fear amongst could ben leaders this political disaster for them. They have called on roy moore to, if allegations are true, for him to step aside. An moore was never establishment pick. He did not have full backing by he republicans and the senate to begin with. And he won his primary. Trump endorsed luther strange, the handpicked replacement for Jeff Sessions he left the senate to become attorney general. Roy moore is claiming that the allegations are not true. The way it works in the state, his name will remain on the ballot. Republicans are in a tough spot right now. Candidate s is the and they dont like it and it is clear, it is a red state, not clear what happen fist he fate of t will be the his seat in the senate and i think its a real problem for right now and with a lot of uncertainty at this moment about will happen. In general, with the seat. Area, notomething, red clear that is going to happen, ut it certainly hits senate very hard yesterday. This happened when they were all in the tax briefing and they out of that tax briefing and all of us reporters are aiting with the news of this breaking story and within, you all 20 minutes they had it of read it and digested and came out to talk to reporters, which is unusual, that, they r does thought if allegations were true that he should step aside. I think there are some conservatives who are angry of the story ng and in feeling that it was prevent here to republicans from winning or winning. Oy moore from so it really created a big explosion on capitol hill and i think republicans on the hill are very distraught over it at this lot of uncertainty about the seat. Ridgecrest. In an independent, you are on with Susan Ferrechio, of the examiner. N caller good morning, america. And good morning, greta. On air. Tiest journalist host thank you, mike, your question or comment . I have three very important questions for susan and the examiner. But, you know taxes for us out in the far west is a mute point. California is lost, the federal 1282 dollars for fourmember family is a joke. In two months chases down work for my in racting business california in the slow economy. Was, i how great this almost fell out of my truck. Hat we do, 1282 dollars, that is a joke. Moonbeam is raising taxes offset the to federal taxes, so you know, in states, it doesnt matter, governors will raise take more money from you. Thisnow, on the radio show 7 00, he will t expose that the house of congress is 98 corrupt. And in the pockets of wall street. My split question. Number one, are the democrats efforts to7 00, he will expose that the house of congress lean toward socialism . In the republicans corrupt efforts to lean toward facism is funding the soros black hood protest . Host okay, Susan Ferrechio, his do you make of questio

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