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Detailed text transcripts for TV channel - CNN - 20171219:04:08:00

Bill, but democrats appointed to the last minute change in the plan that specifically benefits real estate businesses as well. that wasn t in the camp bill was it? no, it was in the house bill. there s a house version of how you deal with pass throughs and a senate version. and as they went through they accepted the house version dealing with real estate rather than the senate version. and then they turned around and said some senator slipped in it, which was a damnable lie, and they had to know that. and senator hatch wrote a very tough letter to these jerks, putting that case. the idea that somehow corker had switched his vote. corker has been for this bill since the beginning. he came up with a 1.5 limit on how much of tax reduction we re going to do in ten years, and i spoke to him for half an hour, two days before he ended up voting against it because the parlmanitarian wouldn t let his idea in. not the republicans. they were perfectly happy to do that. of course he s going to v ....

White House , Real Estate , Wasnt In The Camp , Pass Throughs , Damnable Lie , Tax Reduction , 1 5 , Wouldn T ,

Detailed text transcripts for TV channel - CNN - 20171219:10:04:00

President referred to a tragedy making a political point. at the pulse nightclub attack, he referred radical islam and not sure those would have saved those attacks or if infrastructure improvements would have done anything to e prevent derailment. two votes and the signature only hurdle left to clear before the first overhaul in decades becomes reality. the house set to vote on what s shaping up to be the only significant legislative achievement of the trump administration so far. vice president mike pence postponing a trip to egypt and israel to be close by. he might have to serve as the tie breaking vote in the senate, especially with john mccain absent. the tax bill, while it will affect everyonen differently, there are clear winners and losers. there s the tax burden for pass-throughs slashed with no guarantee. there s a hope, but no guarantee ....

Trump Outlininga National Security Strategy , Pulse Nightclub Attack , Infrastructure Improvements , Radical Islam , E Prevent Derailment , White House , Tax Bill , Mike Pence , John Mccain , Tax Burden , Pass Throughs ,

Detailed text transcripts for TV channel - CNN - 20171219:16:48:00

Republicans, they will [ inaudible ] the day they supported this bill. one point you re right one point? and that i will grant you is that they will regret it because actually where you re wrong and right is that wrong and right. republican donors are getting slammed. republican donors who live on the coast in california, the really deep pocketed ones who fund the presidential campaigns, all the independent expenditures high tax areas. the states that have the s.a.l.t. in new york and california getting gutted and angry at the republican party because of all the things they expected even if they did not like trump they didn t expect their taxes to go up. an estate tax deduction, pass-through deduction, deductions most are not eligible for pass-throughs. all the other deductions that benefit the wealthy, some cases they offset the increase in the s.a.l.t. we have to leave it there. here s the good news, we ll get to keep debating for a while after it pa ....

House Republicans , New York , Tax Areas , Deep Pocketed , Estate Tax Deduction , Pass Throughs ,

Detailed text transcripts for TV channel - FOXNEWS - 20171218:07:07:00

Do they need to have their taxes cut from 39.6 percent to 37 percent? and the so-called pass-throughs, because of the deduction you will give them, you will get a situation where a lot of employees that work those companies will be taxed at a higher rate than their bosses. well, pass-throughs are the engine of growth in this country. and this is about creating the lowest tax rate for pass-throughs since the 1930s. that is going to be massive, massive economic growth.it is about fixing a broken tax system. we have one of the highest corporate tax in the world with companies leaving trillions of dollars offers they do not have to pay taxes. this is a historic event to fix a broken tax system. what about the point i just met you can end up with employees of these pass-throughs, and these are not formal corporations and the owners, they end up paying taxes to the individual tax rate, not the corporate tax rate. ....

Pass Throughs , 39 6 , Tax Rate , Growth It , Tax System ,

Detailed text transcripts for TV channel - FOXNEWS - 20171216:16:33:00

most people don t read the bills either. one of the themes to me is when you look at capital and taxpayer money, where is it best treated in the hands of? in the businesses, the individuals. to a lot of the points the panel made is give and take across the brackets but especially on the high end because if you look at how they treat pastors with respect to how they are classified, the pass-throughs, people are losing favorable tax treatment and that is not getting talked about. it does typically heard the wealthy, a benefit to the middle class and lower income classes but nobody wants to talk about it because that is not a popular thing to say. ....

Tax Treatment , Pass Throughs , Income Classes ,