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Detailed text transcripts for TV channel - FOXNEWS - 20171113:15:33:00

Will get rid of their ability for state taxes will only affect higher earners, not the lower middle class and the ability to write off take a stand arpd deduction which is higher will impact them better. it gets complicated. i don t think chuck schumer will give sound advice to the gop. he will message. bill: his larger point the suburbs will make you pay a price for it. some middle class voters see the rates go up. some upper middle income americans might see a deduction in the rate but once you take the deductions out they pay more in taxes and high earners, 10% of americans pay 70% of the taxes, that s just the fact, chris. absolutely. and you are absolutely right on that. these states, these blue states that have extremely high tax codes already, high state taxes aren t going to get a ton of breaks right here except for maybe in the corporate rate or the higher rate. republicans are going to have a hard time. why you are starting to see deif you can shuns. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20171113:15:06:00

Pretty good shape. they made some smart changes to their plan last week that s putting them in such good shape this week. what did you like that they changed so much? they made a big mistake they got rid of the adoption tax credit which costs very minuscule amount of money. 0.01% less to the federal budget. they got rid of that. that s a helpful thing for american families who are adopting and the cost savings they believe they ll take in doesn t even account for the fact that taxpayers are saving money by getting kids out of foster care into permanent families. they shot themselves in the foot there. a bad messaging play right there where they are going to get rid of the estate tax eventually and also get rid of the adoption tax credit. that was really bad politics to say nothing of the policy. sandra: it comes to this issue of who is in the middle class and we have asked some in congress to define that in the weeks leading up to this. and you ve got gary cohn saying this is for t ....

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Detailed text transcripts for TV channel - FOXNEWS - 20171113:15:07:00

Hard working middle class. peter king saying the people of his state will get screwed by this to use his words. chuck schumer saying it s a dagger to the heart of new york, a dagger to the heart of new jersey. so that middle class, that is really where the problem lies. who is in that middle class and will everyone s taxes go down? the senate has to look at that closely this morning. i m guessing 99% would say they re in the middle class. that s clearly not true. that s an elastic term. when barack obama was running for office back in 2008 he said he wasn t going to raise taxes on anybody making less than $250,000. if you give a lot of money to charity, if you have a high state and local taxes, high property taxes, the way these things shake out you could end up paying more, maybe a little, maybe a lot. several thousand. it depends on the family. as i said if you look at the whole thing on net the tax policy center says 7% of ....

Peter King , Hard Working Middle Class , New York , Chuck Schumer , New Jersey , Us Senate , President Obama , Property Taxes , Tax Policy Center ,

Detailed text transcripts for TV channel - FOXNEWS - 20171113:14:47:00

Guarantee absolutely no one sees a tax increase. in addition, you are here to make the case this is good for growth. i think on the corporate side you ve made a pretty good case. on the individual side you have a long way to go. state your argument now, senator. first with regard to the middle class tax cut it is real. the joint committee on taxation, the nonpartisan group on the hill came out with their analysis over the weekend showing that middle class families across the board get tax relief. to mitch mcconnell s point, every group gets tax relief here. the difference is that the burden of taxation shifts so that those at the top end say the top 1% will pay a little more of the burden and those in the middle class will pay less of the burden. ohio, bill the number is bill: cut spending and you can reduce everybody s taxes and get around the debate. you don t have to jump through hoops to explain it. well, i don t think we have ....

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Detailed text transcripts for TV channel - MSNBC - 20171025:14:55:00

Working middle class america. that is where his heart is right now, the president. he will protect those 401(k)s because that s important to the retirement for the working people of this country. he s going to be looking at how do we lower rates. how do we put more money back in the pockets of the hard working american people? he wants it to be a pay raise by cutting taxes. i know you just got back from a trip to asia near north korea. nbc has exclusive reporting out today about that area. multiple u.s. and government officials say diplomatic efforts between the u.s. and north korea are threatened now because of president trump s public attacking on kim jong-un. bob corker saying, quote, these are the things i m speaking to. do you think when it comes to this, the president is threatening our national security? no. i think he s strengthening our national security. i spent time in japan. i spent time in korea. spent time in taiwan. their response was they stand with the united state ....

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