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Detailed text transcripts for TV channel - MSNBC - 20171220:19:12:00

Opposite is the case. especially once the plan is fully phased in we know that more than 80% of the benefits go to the top 1% whose average income is about $3.5 million, so they re not middle class. the top 1% gets twice the benefits of those in the middle when the plan starts. so those who say it may not look great at its full phase-in but it s okay from the start, that s inaccurate, too. the second myth, and again you ve touched on this and it s really important, this is the idea the bill doesn t just pay for itself but according to steve mnuchin in the u.s. treasury it pays for itself. and then the final myth is that this bill is somehow a simplification of the tax code. ....

5 Million , 3 5 Million , Top 1 , Bill Doesn T , Us Treasury , Steve Mnuchin , Tax Code ,

Detailed text transcripts for TV channel - CNN - 20171219:18:54:00

Has been skewed to the well connected, full of special loop holes. meanwhile, the hard working family in america has to to jump through all the hoops that the ir irs can muster. we clean out the loop holes so people can keep more of what they earned in the first place because it s their money in the first place. no special favors, just basic fairness. reform means simplification too. nearly 9 out of 10 americans will still be able to do their taxes on the form the size of a postcard. that is amazing. and given the opportunity, there are no limits to what our workers and our entrepreneurs can do. yet while the world has changed, while the world has become more competitive, closer, smaller, our tax code has not. ....

Tax Code , Loop Holes , Hard Working Family In America , Ir Irs , Hardworking Americans ,

Detailed text transcripts for TV channel - CNN - 20171219:13:08:00

In november, 45% opposed the tax plan. and this morning, 55% oppose the tax plan. the republicans thinking is well, when the americans live it or see it, it will grow on them. that is their bet. but the tax plan is underwater and it s less popular than tax hikes, which is hard to do in american politics. even if americans don t know the details yet because they are relatively fresh, the way it has been done along party lines it was sold as a tax cut for the middle class and a tax sim l simplification, and it s neither. let me side track you for a second, because i am still upset with the interview with the transportation lady. ....

Tax Plan , Party Lines , American Politics , Tax Hikes , Tax Cut , Tax Sim , Transportation Lady ,

Detailed text transcripts for TV channel - FOXNEWS - 20171219:21:11:00

What deductions you re taking. most people won t itemize. people the vast majority will do the simple form. that s part of the simplification and how you get middle class tax cuts. the first 24,000 is a zero bracket. neil: thanks, senator. a long night ahead of you. no doze or whatever works for you. just the energy of good tax reform. neil: just the adrenaline. thanks, senator. merry christmas to you. all right. i ve told you this would be like me giving you dietary advise. prominent democrats are worried about the debt. take a look. they re telling us this is their christmas present. they re adding 2.3 trillion to the federal debt. merry christmas. hi i m joan lunden. ....

Tax Cuts , Tax Reform , Jeff Flake , Merry Christmas , Takea Look , Joan Lunden , 2 3 Trillion ,

Detailed text transcripts for TV channel - CNN - 20171219:10:37:00

Local tax deductions. joining us to talk about this is cnn analyst, good to see you. we re going to break down taxes because historically tax reform has been done on a bipartisan basis. what are the implications of this being a straight party line vote? it becomes harder to make it stick in the years that follow. democrats certainly will be eager to undo a lot of this as soon as they have political power. and it also does make democrats more vulnerable if this becomes popular, which at this point it doesn t seem it will. republicans can then claim all of the credit for it. so when you have a partisan start, it changes the future of this bill. i think one of the reasons it s not unpopular in these polls is it s not what the promise was at the beginning for true simplification. because some of these measures ....

Tax Reform , Tax Deductions , Party Line , It Stick ,