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Detailed text transcripts for TV channel - FOXNEWS - 20171202:18:06:00

And both of those plans, we will see which one gets us to that goal. in addition we have been looking at the middle income which needs the greatest tax relief. if we look at those as our goal everything that drives us should be towards those goals. there are numbers that are different, if we want to do simplification we need [blooge that is a word you brought up. you read through these bills, there is an awful lot of special-interest pork. there are special deductions for microbreweries, $10 million for south korean tuna company in american samoa. there are special orange growers, special breaks for private check companies and people who own private jets put in by a senator from a state with a big private jet ....

Goal Everything , Tax Relief , South Korean Tuna Company , 00 Million , 10 Million , Al Franken , Special Breaks , Check Companies , Orange Growers , Private Jet Operation , American Samoa ,

Detailed text transcripts for TV channel - FOXNEWS - 20171202:11:37:00

Tax be repealed under this plan? it was supposed to be but it s back. the reason it came back is during the horse trading, they needed to pick up more revenue. now,. all about the rules, right? all about the rules. rachel: and the senate. and the senate. this is really a big hit for high tax states. why? the whole game that was being played hereby is we are getting rid of the state and local income tax deduction. but, don t worry, because we re going to take away the alternative minimum tax. now they put it back in. so, now you are going to get hit twice if you are at that level. simplification by the way. ed: new york, connecticut, new jersey that could be a big hit. that s correct. ed: stock market has been raising. are there changes for capital gains tax. there are no changes for capital gains. that s one of the things you talk about when you really want to stimulate the economy. you bring down those capital gains rates. they did not do that so ....

Morning Rachel , Horse Trading , Obamacare Tax , Income Tax Deduction , Dont Worry , Ed Dont Know , New York , New Jersey , Stock Market , Capital Gains Tax , Capital Gains Rates , Capital Gains ,

Detailed text transcripts for TV channel - FOXNEWS - 20171202:02:50:00

Standard of deduction. trillions of repatriotation of foreign capitol and simplification of the tax code they feel will get it done tonight absent surprises from ascertains from arizona. huge, huge win. i think we are on pence alert. waiting to see what will happen here. what are you making of the tax bill here and do you think that, you know, it is looking auspicious for this to go through. i got off the phone with a senior source with senate republicans they are can have the. 51 votes are locked down. the vice president is on his way to the senate to preside or a vote they feel don t believe he has to cast a tie breaking vote. every democrat will vote, no and every republican will vote, yes. except for bob corker. this will being despite the ....

Tax Code , Tax Bill , Mike Pence , United States Senate , Liberal Don T , Bob Corker , Tie Breaking Vote , Will Vote ,

Detailed text transcripts for TV channel - FOXNEWS - 20171202:06:50:00

Standard of deduction. trillions of repatriotation of foreign capitol and simplification of the tax code they feel will get it done tonight absent surprises from ascertains from arizona. huge, huge win. i think we are on pence alert. waiting to see what will happen here. what are you making of the tax bill here and do you think that, you know, it is looking auspicious for this to go through. i got off the phone with a senior source with senate republicans they are can have the. 51 votes are locked down. the vice president is on his way to the senate to preside or a vote they feel don t believe he has to cast a tie breaking vote. every democrat will vote, no and every republican will vote, yes. except for bob corker. this will being despite the ....

Tax Code , Tax Bill , Mike Pence , United States Senate , Liberal Don T , Bob Corker , Tie Breaking Vote , Will Vote ,

Detailed text transcripts for TV channel - FOXNEWS - 20171202:12:49:00

Go up. so what this bill does is it s giving them a two-year extension to still be able to deduct medical costs. two year period. then it goes away. rachel: all right, we have another email question from bill. he wants to know when are the new tax brackets passed in the senate bill. the senate bill is going to have seven tax brackets. similar to what we currently have. pete: what about one? [laughter] on the other hand, the house bill has four. so this goes to reconciliation. when you talk about simplification, seven tax brackets, not so much. so that s where we are now. ed: maybe in conference it will get down to five or six. we will see. we have you next hour and the hour after. your questions are very important. we preached it, dan. thank you. ed: next up, mainstream media celebrating michael flynn s plea deal. aren t they forgetting another big controversy in washington? sara carter is here to refresh their memory. what about unmasking? that s coming up. ....

Email Question , Tax Brackets , Ed Dont Know , Mike Flynn , Mainstream Media , Plea Deal , Dan Bongino , Sara Carter , Aren T ,