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Detailed text transcripts for TV channel - MSNBC - 20171218:10:10:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20171218:10:10:00

Tomorrow. for example the top rate would be 37% versus 39.6% under the current law and the individual tax cuts expire after 2025. meanwhile t standard deduction is almost doubled to between $12,000 for individuals and $24,000 for couples. new tax bill cuts the corporate tax rate from 35% to 21%. while tax and foreign earnings at lower rates. the bill offers expanded tax credit for low income families with children. thanks to a push from marco rubio and mike lee. still ahead, digging into a new report for president trump's plans for 2018. pentagon secret search for ufo. what we're learning ab...

Detailed text transcripts for TV channel - MSNBC - 20171218:11:14:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20171218:11:14:00

Democrats, in the past, neither have been responsible about the debt. they just keep -- and republicans who claim to care about the debt are voting to steal $1.5 trillion from millennials, the very people who 48% are saying, no, we don't like the republican party. those are record numbers. >> the house rules committee is set to meet today to lay out the rules for debate around the gop tax bill when it heads to the house floor for a vote. speaker paul ryan has signaled that could happen as early as tomorrow. the move comes after house and senate republicans unveiled their joint tax bill friday ...

Detailed text transcripts for TV channel - FOXNEWS - 20171217:15:37:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20171217:15:37:00

New york as well, so the issue is the individual side of this plan is still a little merky. do you think that a 37% rate for the top earners which is down from 39.6 is going to be enough to move the needle on spending? we need to remember that consumer spending is two-thirds of economic growth so if this is a growth plan why are they so afraid to lower taxes for the rich. those people who actually pay the majority of taxes and spend the majority of the money? >> you're exactly right. this is a good bill for businesses from good things in it to help get business investment but if you're an exec...

Detailed text transcripts for TV channel - MSNBC - 20171217:01:25:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20171217:01:25:00

Quality of their lives they want to be penalized and the point is they get rid of that so they're going to compensate for that how? by reducing the very top tax rate. making hundreds of thousands -- making $500,000 you get a reduction in the rate from 39.6% to 37% to offset losing the state income tax deduction but making $100,000 and not in the bract you get no relief and even there to say they will offset the negative effect of the tax deduction it's to the only very rich. >> that's a stunning piece of it. thank you very much for joining us tonight. really appreciate it. coming up, preside...

Detailed text transcripts for TV channel - FOXNEWS - 20171217:15:06:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20171217:15:06:00

The world so look, there is just a whole new attitude about a making america strong for the long term. maria: and much of the conversation around corporate rates coming down has been about growth. there is no doubt that's been your priority that's been the president's price or it and when you look at the corporate rates coming down from 35% that's all about growth. on the individual side, mr. chairman, it was a little messier. i wrote an op ed in the wall street journal on friday just outlining president trump's first year from an economic standpoint and i said it's nothing short of excellence...