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Detailed text transcripts for TV channel - CNN - 20171214:09:32:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171214:09:32:00

Reconciling the top-line differences between their two bills. smaller details remain to be worked out within the gop, leading to a hoped-for vote before the holiday recess. >> democrats are calling on gop leaders to slow the process until newly elected alabama senator doug jones can be sworn in. more on that in a moment, but for the latest on the emerging shape of the tax plan, a tax reform that will reach all corners of the economy, we go to phil mattingly on capitol hill. >> reporter: christine and ryan, you can name them -- it's the president, the senate majority leader, the speaker. republ...

Detailed text transcripts for TV channel - FOXNEWS - 20171213:14:37:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20171213:14:37:00

Tax rate in the house 38.5%. in the senate 39.6%. are you considering lowering that at all? considering right now one of the big criticisms is that the wealthiest taxpayers fear that their taxes will go up under these plans. >> you know, it's interesting because we seem to get hit by all sides. some say tax relief for the wealthy. others say no there is tax increases for the wealthy. i guess my point is wait for the final bill. i know for the state and -- the salt states where the local governments just hammer families, we know we want to do more. part of that is looking at deductions. part of...

Detailed text transcripts for TV channel - CNN - 20171213:19:21:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171213:19:21:00

Republicans have proposed dopg that from 35% down to 20%. that will now be at 21%. why? because each point you raise the corporate rate that's $100 billion in revenue. they needed that to pay are to the plan. now take a look at the individual rate, house kept it at the highest level as 39.6. senate dropped it down to 38.5. what they have agreed upon is dropping it down to 37%. now why would you drop the top rate on proposal that democrats already say is weighted way too heavily towards the wealthy? two reasons. first and foremost this helps on policy side, high tax states, local tax deduction,...

Detailed text transcripts for TV channel - FOXNEWS - 20171212:21:09:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20171212:21:09:00

Maybe offering something more enticing to high end taxpayers beyond the 38.5% top rate. have you heard any of the above or for that matter the president's thinking or any of the above? >> it's interesting to see the white house's evolution on thinking about the corporate tax rate in particular. that's one of president trump's highest priorities. the first when the rubio lee amendment came out, the amendment that would raise the tax rate to 22% to pay for the child tax credit. the white house is against that. now that the bill has moved into conference and there's talking about raising it to 22...

Detailed text transcripts for TV channel - FOXNEWS - 20171205:21:37:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20171205:21:37:00

See the growth they wanted and it wasn't until that occurred that they saw the growth that they had anticipated. >> neil: you're right. it cost them more than a couple dozen seats in the house in 82. you're right. >> yes. >> neil: so that's something that you don't want to budge on. you don't want to go higher on the corporate rate as well. the senate has been talking about wanting to lower the top rate more than you do. the house plan doesn't call for that at all. they bring it down to 38.5%. how do you feel about that? >> that is room for discussion and may be part of their plan. we went bac...