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Detailed text transcripts for TV channel - FOXNEWS - 20171112:15:00:00

Detailed text transcripts for TV channel - FOXNEWS - 20171112:15:00:00
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Detailed text transcripts for TV channel - FOXNEWS - 20171112:15:04:00

So there are a lot of moving pieces within the bill to get to the trillion and a half dollars, so you have to look at the bill in its entirety. you can t just say oh, it s x or it s y. it s a combination of everything that gets us to that trillion and a half dollars. maria: i understand that because the 20% corporate rate is going to impact everybody. you hope it moves the needle on economic growth. the elimination of the amt, you hope will hit a lot of people but the fact remains when you eliminate the state and local income tax deduction, i m getting a tax increase. if you re in new york, you probably are getting a tax increase so you re raising taxes on some people to pay for corporate tax cuts. gary: remember what our objective was. the president had two main objectives. number one a middle income, hard working middle income americans deserve a tax cut. they deserve to keep more of their hard earned income. both bills do that. number two, we lower the business tax rate. we lowe ....

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Detailed text transcripts for TV channel - FOXNEWS - 20171112:15:25:00

Has to be in the bill is that hard working families, hard working individuals see more take home pay right now and that at the other end of the bill we re doing whatever we need to do to make our economy more competitive and the other way to get butter take home pay is to have better jobs to start with. if we meet those two criteria, this bill will be a great success and i think based on the senate bill and the house bill and those coming together i think we can do that and a lot of economists are telling me that s exactly what s going to happen if we pass a bill that meets those criteria. maria: so you know, when you look at this bill you ve got $1.5 trillion to spend in terms of tax cuts 900 billion of that is the business cuts. is it fair to say as i asked gary cohen a moment ago, is it fair to say that you are raising taxes on certain americans as a way to pay for the business cuts of 20% on the corporate side? well you ve got a lot of shifting around going on where ....

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Detailed text transcripts for TV channel - FOXNEWS - 20171112:15:01:00

General jack keane will join me live and the dnc, donna brazile blasting critics after her book revealed a big divide in the democratic party mike huckabee will be here as we look ahead right now on sunday morning futures. and tomorrow, the senate is beginning its markup of its tax plan which we heard about last week. meanwhile the house is hoping to vote on its own version of the plan by the end of the week. many questions still remain one of the biggest is will the plan actually raise taxes on some americans? i m joined by right now by the president s chief economic advisor gary cohen. gary good to see you. great to be here. maria: thank you so much for joining us so give us a status check the senate is going to start its markup this upcoming week. what does that mean in terms of your timing tell us how you visualize this moving forward? gary: as you pointed out that s exactly right but we had a really good week last week. the house got the bill through the ways and means commi ....

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