Page 7 - 123 8 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We passed the assault weapons ban in 1994 after it expired the number of shootings that deaths from mass murders increase from 4.8 to 23.8 per year after the assault weapons ban expired. clearly it makes a difference. don't tell me it doesn't. 70% of the american people in some polls support this. let's do something. >> is there a hypocrisy in the point about vaping? >> absolutely not. there's no constitutional right to vape. there is a second amendment right to the bear arms. that is critical that this president and administration vow to protect. >> but, what kind of arms though? >> working a...

There. david: it's all taxes. >> taxes. i'm not -- these are for examples. for examples, the capital gains tax could be changed, could be reduced from 23.8% which is very, very high. there's a lot of things that can be done to simplify the tax code, to help middle class folks in small businesses, to lower rates, to create incentives. david: so tax cuts 2.0, is that a campaign strategy headed into 2020. the head of forbes media, steve forbes. and co-chair, and jessica tarhov. taxes a strategy? >> the tax code, much too high and even in blue states they'd love the idea of reducing tax rates and ...

Anybody. i think he is the weakest mentally. >> this is a guy who does everything to separate and frighten people. >> he looks different than he used to. he acts different than he used to. he is even slower than he used to be. >> four years of donald trump will be viewed as aberration. eight years will fundamentally change who we are as a nation. >> it looks like his friends from the left are going to overtake him pretty soon. >> i believe that the president is literally an existential threat to america. >> when he mentions my name that many times i guess i should be complimented. >> bret: pre...

America's wealthiest taxpayers could be in for another break. the treasury department is considering a change to the capital gains tax that would result in a $100 billion tax cut for the wealthy according to reports today in "the new york times," "the washington post" and "the wall street journal." let's take a closer look. first, what are capital gains? the profit from the sale of property or another type of investment such as stock. the federal government currently taxes the difference between the purchase price and the sale price of an asset. obviously you're not going to pay tax on your in...

Works. capital gains are profit from sale of property or stocks. currently, we tax capital gains by the difference between the purchase price and sale price of an asset. the sale price is called cost. and current rules allow for investors to recoup that sales price, the cost. the cost is taxed at a rate of 23.8%. if you invested a cost of a million bucks in 1990 and sold that asset for $3 million this year, you would only owe the tax on the difference. that's $2 million. your tax bill would be $476,000. well, the treasury department could change the definition of cost when calculating the capi...