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Detailed text transcripts for TV channel - FOXNEWS - 20171010:17:33:00

What they ve also done is they ve also gotten rid of the estate tax which is one of the most immoral taxes in the code into they ve gone from seven brackets i believe down to three brackets which is a significant simplification of the tax code. all of these coming together, very positive and should lead to a continued if not an accelerated recovery for the u.s. harris: would you compare this or say it s bolder than what you try to do with president reagan all those years ago? getting legislation going forward was considered a huge then, how would you compare this journey? i think the 81 bill was great for president ronald reagan and i think this one is as good if not better than that. the 86 tax act was amazing. we cut the corporate rate from 46 to 34%. ....

Estate Tax , Tax Code , President Reagan , Tax Act ,

Detailed text transcripts for TV channel - MSNBC - 20171010:13:33:00

Wouldn t completely write it off, for the reason it s about self preservation, republicans in congress. we have a midterm coming up. it could be stuff. as steve was talking about they have no accomplishments. my guess is they are going to tune out the president and try to pass something to deliver to his desk and say sign it or not. but her lobbying won t matter. frankly, the president s lobbying won t matter. they ll tune the administration out and do what s in the best interests. tuning out is exactly the sentiment i got from those inside the white house. great, ivanka wants that in there. take a hike. isn t the whole basis to simplify the tax code? and this would be adding a tax credit. doesn t even the basic idea of this go against what the administration is trying to do? well, look, the whole notion began with tax reform. right. a massive simplification of the code. you have 80,000 plus pages in the tax code. that s not what we are talking about anymore. we are talking about a ....

Steve Knee , Self Preservation , Wouldn T , Wont Matter , Isn T , Ivanka Trump , White House , Tax Credit , Tax Code , Doesn T , Tax Reform ,

Detailed text transcripts for TV channel - FOXNEWS - 20171008:14:35:00

Maria: the house passing a $1.1 trillion budget. it s the first step to passion tax reform, that doesn t mean it will be easy to get there. joining me is kevin brady, the chair of the house ways and means committee. we have been following your work, you have been doing great in terms of coming forthwith a plan and communicating it to the american people. we spoke to you in september and this is what you said about that. you will see details about our business and individual rates going forward on tax reform. dramatic simplification of how we tax. businesses can compete anywhere ....

Maria Bartiromo , 1 Trillion , 1 Trillion , Chairman Brady , House Ways And Means , Doesn T , Passion Tax Reform , Forthwitha Plan , Tax Reform ,

Detailed text transcripts for TV channel - FOXNEWS - 20171002:04:24:00

Say. i think i agree with the points made, but in an environment where the money is tight, and they are going to be saying we can t afford to do this and that, choosing that as a priority, i mean, i just looked it up. this affects people it is over 5 1/2 million; right? i think we re going to go with elitist for this one. and finally, this is it is not so much about the rates, but the general drive towards simplification of the system, putting it on a postcard, all of that. poor people and working people are more disadvantaged than anyone else by loopholes. i believe it was treasury secretary steven mnuchin sort of let slip either him or gary cohn that said estate tax doesn t matter because rich people don t pay it anyway because they hide their money. it is true. it is true. rich people know how to even if it is just $500 to an accountant, but they pay to find ways to pay the least tax possible. the simpler the system, the better it is for working people who pay taxes. loo ....

15 1 2 Million , The System , Estate Tax , Doesn T , Gary Cohn ,

Detailed text transcripts for TV channel - FOXNEWS - 20171002:01:25:00

We didn t even set all this up. we completely agree. that was a very harmonious discussion. populist on simplification. that s not bad. i think we had a result of the 4 of the 6 were populist and 2 elitist. it is not bad but could do better on the populism front. i m sure we will be hearing more about the tax plan in the weeks and months ahead. coming up, later, we hear a lot about big donors on the right and their shadowy influence on policies. but what about the big donors on the left? the public sector union, bankroll democrats, we expose the corruption. but next our next guest warns that our workplaces may be hidden dictatorships. one-a-day 50 plus. complete with 100% daily value of more than 15 key nutrients. one-a-day 50 plus. ....

Populism Front , Public Sector Unions , Tax Plan , Coming Up , Bankroll Democrats , Daily Value ,