Detailed text transcripts for TV channel - FOXNEWS - 20170801:14:25:00
It lowers rates across the board. that's a good thing on the individual and corporate side. it also hopefully makes the tax code more simple especially for small businesses and individuals on the margins. last thing it would double the standard deduction from 12,000 to 24,000. the first 24 thousand of income they aren't paying tax on. simplification and lower rates. >> bill: what do you think the healthcare defeat did for this? >> it raises the stakes. it is an epic failure on healthcare. they can get this economy doing but it raises the stakes for them. >> bill: i was talking with kevin brady...