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Detailed text transcripts for TV channel - FOXNEWS - 20171215:16:18:00

Simpler and at this as another complexity, it s another deductive, another loophole, it s moving in the opposite direction of the original plan to lower taxes for all. this goes back to favoring a certain group. we already have the tax credit and we do double it, but we also disallow the personal exemption. that s how you overcome that. it was a simple location as you know and we also doubled the standard deduction, which is a terrific simplification for about 90% of the americans. doubling it, you will see a lot of folks now being able to use one page for their tax return because they will not have all these deductions, credits, exemptions they are talking about. it provides tax relief, it also provides application. the child credit is already there, but it is expanded. melissa: there were some conspiracy theorist out there who might say one of the reasons they are holding out until monday, there are some health concerns for various senators when you get out there for the ....

Tax Credit , Young Americans , Tax Relief , Tax Return , Melissa Francis , Health Concerns , Conspiracy Theorist ,

Detailed text transcripts for TV channel - FOXNEWS - 20171215:20:10:00

The exact same as the initial senate bill. if the changes that were negotiated in factory and on those who are married or filing jointly, and again, the numbers are on the left. they are the same on the left-hand side of your screen. the big change here is that that top number, the initial senate bill, have a tough number of $1 million, so this has been brought down significantly. the changes that you get to nr when you start looking at that 22, 24, 32% level in the top numbers. bottom line here, shepard, is that that is going to be what you re going to see coming out here later this afternoon. you can see the income levels there. the administration have been calling for simplification. the current long is a seven brackets, so some may say what is so simplified about this? ....

1 Million , Shepard Plus , Bottom Line , Income Levels ,

Detailed text transcripts for TV channel - FOXNEWS - 20171214:18:10:00

It s making is not competitive and has forced our american employers to ship those jobs overseas. and also simplified, the other gift i give people, is simplification. stop wasting all that time and money to try to comply with the code that tends to punish people who don t understand all 7,000 pages and the errors they can make. it s a really exciting time here, not just delivering on a campaign promise, executing on a moral imperative that people deserve to keep more of their hard-earned money. harris: i want to ask this question, not just the president is willing to sign something that is 21%, how what is the effect overall of that 1%? the president wanted 15% corporate rate, that was his idea. he went up to 20% when congress put that number. going 1% up on the corporate ....

Jobs Overseas , Don T , Harris Faulkner , Campaign Promise ,

Detailed text transcripts for TV channel - CNN - 20171214:16:34:00

Yesterday, if tax reform passes, taxpayers will see more money in their paychecks beginning in february. withholding tables will reflect that. the irs is taking steps to prepare new withholding tables for 2018 based upon this legislation. this tax cut will mean less of a paycheck going to washington, and more to the hard-working person who earned it. again, that s the purpose of this bill. bigger paychecks for the people working hard to provide for their families. in addition to the course that this relief gives people a simpler system and a fairer tax code. that is what this accomplishes. second, the appropriations committee has introduced a resolution that addresses critical national priorities. the people s house here passed all 12 appropriation bills on time, and ahead of the fiscal year deadline. it remains our goal to see all 12 become law. for now, at a time when we face threats around the globe, it s ....

Withholding Tables , Tax Reform Passes , Tax Cut , Washington Dc , Tax Code , Second One , Appropriations Committee , Obama White House , Appropriation Bills ,

Detailed text transcripts for TV channel - CNN - 20171214:16:07:00

How much money they spend in a classroom, the simplification of the tax code would mean they wouldn t be able to write that off. let s see where it ends up. thank you very much. christine laid out where the numbers stand and what it could mean for you. let s talk about the politics of it all right now. joining me chief political correspondent dana bash is here and political director david chalian here as well. great to see you. you too. give me your gut right now. how close is this looking to be? extremely close. look, it already was close the first time that the senate passed their original bill right, and part of that reason is because, obviously, to state the obvious, the senate has a pretty thin majority, 52 seats. they lost bob corker who is still very much on the fence with this compromise, not looking like he s moved very much, if at all, and then you have two senators who are not well, senator thad cochran of mississippi and john mccain of ....

Tax Code , David Chalian , Dana Bash , John Mccain , Bob Corker , Senator Cochran ,