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Detailed text transcripts for TV channel - FOXNEWS - 20171129:15:56:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20171129:15:56:00

Will tell it to anybody. the top 1% pay most of the income tax. the top 1% pay 40% of the income tax. if we make this about class warfare we're buying into what marx and stalin and all the communists said all along. they were pitting people against each other. >> he likes 1.5 trillion saved over 10 years. he wrote about that on fox news.com but he is a deficit hawk at the same time. he wants spending to go down. he is concerned for kentucky. he wants the tax rate to be such that the middle class is protected. >> bill: that piece said he is a yes for now >> he likes the individual mandate taken...

Detailed text transcripts for TV channel - CNN - 20171129:21:58:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171129:21:58:00

Wealthy, but analysis shows these trump cuts are more heavily weighted towards the wealthy. he's up in the air. >> reporter: a senior republican aide told me rather bluntly, we can't let this come down to mccain. they recognize they don't know where he's going to be. we've seen a lot of on the fence senators get a lot more comfortable with this plan. senator john mccain, well, take a listen. >> do you have anything to say about the tax bill yet? >> i haven't decided yet. >> you haven't decided. i know you said you wanted to -- >> i haven't decided yet. >> do you think the process -- >> i haven...

Detailed text transcripts for TV channel - CNN - 20171128:09:33:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171128:09:33:00

Through the individual side. major cut in the rate as it currently stands. they say it doesn't go far enough. they're looking for changes. then you have what you could refer to as the deficit caucus. bob corker, jeff flake. individuals who are concerned how much this tax proposal will add to the deficit in the long-term. now guys, it goes further than that. senator susan collins of maine making clear there are problems. she wants the state and local tax deduction to be added in. compromise there for property taxes capped at $10,000. aides tell me that's probably where they might end up in the ...

Detailed text transcripts for TV channel - CNN - 20171128:12:08:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171128:12:08:00

>> the only reason i say it, you can't be for any tax cut as a deficit hawk. the economic theology, that the point is growth through tax cuts wouldn't work on you. >> i feel like that's a similar argument to what they're making on other things, which is, well, the cbo misunderstands the plan and it actually helps the middle class more. look, you have resources, which take some criticism. cbo joint committee taxation. but the resources that are universally used saying this is going to add $1.4 trillion to the debt and does not realize the middle class tax cut that donald trump is promising. on ...

Detailed text transcripts for TV channel - CNN - 20171128:15:06:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171128:15:06:00

Are trying to cut that rate for pass through dramatically and the house down to 25%, in the senate where they have a 17.4% credit that can be added on it to the individual rate. what senator ron johnson and senator steve daines of montana want that to go further to expand up to 20% or some other iteration their goal is to provide parity to the corporate rate. here's the issue on that right now. that costs money like tens of billions, potentially hundreds of billions of dollars and runs head long into where bob corker who is on the senate budget committee stands. he is a deficit hawk. he doesn'...