Page 7 - 339 5 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Midterms. and they think they'll lose the house. that's what they predict privately and publicly. >> they ran the party of the common person. they ran as the party of the working class, non-college-educated regular person. >> trump did. >> how do they deliver on that when they get rid of the estate tax, lower the corporate tax from 25 to 30. lower the top rate from 39.5 to 35. that's trillions of dollars. how does that help the working stiff? i know i'm being rhetorical, but it's a good question, isn't it? >> it's a fair question. i think they're still arguing that their tax plan, while it doe...

Those numbers and trying to make sure that they work. there is also this possibility that they may maintain the top -- the millionaire tax bracket at 3.6%. or it might even go higher than that. what do you think about that? >> well, first of all, i'm not certain that this idea on the 401(k)s came from the house ways and means committee or the speaker of the house. we don't know where it came from. nobody's fingerprints were on it and the president was wise to quickly kill it so we don't spend more time on it. look, they have a lot of work to do on this. and, this top bracket question is going ...

American class, we are going to bring back the jobs and wealth that have left our country, and most people thought left our country for good. we want tax reform that is pro-growth, pro-jobs, pro-workers, pro-family, and yes, tax reform that he is pro-american. >>the democrats have no solutions. they're coming out in full force against trump's plan. but that's not what reagan did. and what this obstructionist democrats won't tell you is this. top-earning americans already pay way more than their fair share. for example, the top 1% of wage earners in the country contribute 39.5% of federal incom...

Moguls is ridiculous. >> steven, the president's plan cuts the top tax rate for the wealthy from 39.5% to 35%, so how can he say it doesn't help the rich including him? >> well, i think -- by the way, don, i worked with donald trump on the campaign and i helped write the tax plan. it's very similar to the plan that came out yesterday. so i'm very familiar with it. i think it's probably silly for him to say he's not going to benefit from it. i think what he should say is every american will benefit from it. it's going enrich the economy, create more jobs, as reagan used to say, greater rising t...

In the reduction in the small business tax rate from 39.5 in some cases to 25%. then he is talking about the ability to immediately write off 100% of the cost of equipment, machines, trucks, vehicles, other items for a period of five years. that would be a huge boost to companies who want to modernize or expand. the president is hoping to get democrats on board, but this morning, budget director mick mulvaney saying democrats aren't showing too much appetite for tax reform. listen here. >> i think there is a couple democrats who have already checked out. in fact, i've had a conversation with s...