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Detailed text transcripts for TV channel - FOXNEWS - 20171113:21:31:00

I was at farm hearings in upstate new york. they re businesses, too. they want tax reform, they want simplification, they want lower rates. they want the pass-through rates. that doesn t conform to what i m hearing on the road. neil: secretary, what about the farmers? we think they re monolithic. but they won t like the pass through rates. what is your sense of the type of support they have for tax cuts whose size and magnitude have come down from what we were originally hear something. they re still supportive. i ve been from california, iowa, upstate new york to louisiana. what i hear is they want tax reform. again, they want the death tax that is very popular with them. they want it repealed. they have to plan, hire accountants and lawyers in order ....

Tax Reform , Upstate New York , Flight Doesn T , Neil Cavuto , On The Road , Tax Cuts , Death Tax , Hire Accountants ,

Detailed text transcripts for TV channel - FOXNEWS - 20171113:12:38:00

Income goes to child care which is unsustainable. keeping that credit, keeping the adoption credit, double the standard deduction will provide enormous relief for so many families. so taking that to 24,000 and 12,000 for an individual. so, the purpose of tax reform is to provide middle income tax relief and to enable our businesses to grow and our economy to grow. we think this is going to happen. brian: senator mur cow is i and senator john mccain: what are their objections? when they sit down with you, what are they telling you and what do you bring back to the white house? well, this is why i m so optimistic. because, when i was in maine with senator collins, she couldn t have been more hospitable and more warm and more excited about the opportunity to reform our tax code to create simplification. brian: they have the problem with the state tax in the states we live in, new york, new jersey, as well as in ....

Child Care , Adoption Credit , Tax Reform , Income Tax , Brian Is Reporting , White House , Senator Collins , John Mccain , She Couldn T , Senator Mur Cow , New York , Tax Code , New Jersey ,

Detailed text transcripts for TV channel - CNN - 20171112:18:39:00

Interests were furious about losing tax breaks. take, for example, this brash new york real estate developer. this tax act was just an absolute catastrophe for the country, for the real estate industry and i really hope something can be done. the current republican plan is being pushed as a radical simplification of the tax code but it actually adds to its complexity. take one glaring example among many. it should have been easy to kill all together the interest provision that favors hedge funds and private equity companies but the house plan merely makes the loophole a little less gaping. a hedge fund manager said to me, my tax accountants and lawyers are going to be delighted. now there s even more work for them. noren substance, there s a whole new scheme that will affect 95% of america s businesses. wealthy americans who own such businesses like president trump will get a big tax break, except if you own the business and work for it, you get a smaller tax break. ....

New York , Tax Breaks , Tax Act , Real Estate Industry , Real Estate Developer , Tax Code , Interest Provision , Hedge Funds , Tax Accountants , Hedge Fund Manager , Loopholea Little Less Gaping , Donald Trump , Didn T , Tax Break , Wealthy Americans ,

Detailed text transcripts for TV channel - FOXNEWS - 20171111:11:26:00

Are they delivering truly there on a promise of tax reform? well, it s a classic washington train wreck at this point. the house version is very different than the senate version. there s a lot to dislike about both of them. there are certain things to like about both of them. the stuff is apparently harder than it looks, it s hardered than we would think, apparently with all of the infighting and the rice balls to be protected in washington, d.c. are they getting it right? honestly, i m souter of reserving judgment until they go to conference. they come up with one bill that they all agree on and then i m going to feel free to be critical of it. in the meantime it s a work in progress. i am waiting for the final result before i become hysterical about the elements. pete: joe, to you on that, a lot of conservatives looking at this bill and saying there is a hig tax bracket for high earners. the cuts and simplification a lot of people wanted isn t ....

Classic Washington , House Version , Train Wreck , Price Balls , Washington Dc , Work In Progress , Pete Hegseth , Joe Borelli , Hig Tax Bracket , Isnt Happening ,

Detailed text transcripts for TV channel - FOXNEWS - 20171111:11:09:00

Workers. we should add an s to that. when, in reality, if you read the entire plan, here is the last portion. overall the senate bill would cut individual income taxes by about 30 billion in 2018 and by 900 billion over the next decade or according to congress keep going nonpartisan joint committee on taxation and most people would see tax cut although cuts would be modest for most lower earners. pete: it does cut corporate taxes. the senate wants to phase it in. hidden bracket for high tax earners. some deductions are going and some are staying. for conservatives you want cuts and simplification. cuts, you want rates to go down in reaganesque way and you want to simplify code so people can t rig it the more washington gets its hands on ....

Income Taxes , 30 Billion , 900 Billion , Tax Cut , Joint Committee On Taxation , Pete Hegseth , Tax Earners , My Own Way , Classic Washington ,