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Detailed text transcripts for TV channel - FOXNEWS - 20171002:01:24:00

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 - 20171002:04:25:00

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. it s all pop-culture trivia, but it gets pretty intense. -ahh. -the new guy. -whoa, he looks -he looks exactly like me. -no. -separated at birth much? we should switch name tags, and no one would know who was who. jamie, you seriously think you look like him? ....

Populism Front , Public Sector Unions , Tax Plan , Coming Up , Bankroll Democrats , No One , Pop Culture Trivia , Name Tags ,

Detailed text transcripts for TV channel - FOXNEWS - 20170930:15:37:00

The house held mortgage deduction less value unless they take it. and that would have tremendous ramifications. push back on you guys, you do away with the estate tax and alternate minimum tax and have a situation with pass through, guess what their partners are making more money than ever and i think that s the way that democrats see it and they want simplification, but they don t think you should dump the money in the hands of the rich. liz: gerri. what you re talking about, i have to push back. they look like rich people on paper because they put profits from the company through their personal irs filing, right? what we need to do is reduce that tax for them, guess what? we ll hire more people and that will have a direct and immediate impact on the economy, no doubt about it. liz: we saw how the tax cuts ....

Estate Tax , Mortgage Deduction , Liz Claman , Tax Cuts , No Doubt ,

Detailed text transcripts for TV channel - FOXNEWS - 20170930:15:36:00

70% of americans don t take the deductions. that s automatic tax cut for them and simplification. it s so key. to rachel s point that s what our poll shows, think of it. the k-street loves complexity and live in complexity and they find their utility, unfortunately. simplification rewards regular american workers, the rest of us. liz: indeed. and you ll start to see a lot of those lobbyists, juan, start to fight like heck because their air hose is getting stepped on with this plan, is it not? and then to that end, the elimination of the estate the elimination of the deduction of state and local taxes for, you know, highly taxed states is very controversial, too. historically controversial. so, imagine you re in the real estate business. boy, the real estate lobby i-s on k street in d.c. are going nuts. if you double the standard deduction essentially you make ....

Rachel Campos Duffy , Tax Cut , Poll Shows , Liz Claman , K Street , Air Hose , Real Estate Business , Real Estate , Lobbyis Onk Street In Dc ,

Detailed text transcripts for TV channel - CNN - 20170929:15:58:00

Second our framework will make the tax code more simple, fair, and easy to understand. americ families and businesses waste billions and billions of dollar tens of billions on excruc paperwork in compli every single year. it never ends. under our framework, the vast majori of families will be able to file taxes on a single sheet of paper. we are also repealing the unfair and complicated alternative minimu tax or amt. it requires many people to calcul their taxes two differ ways and pay the higher of the two amounts. we are closing loopholes, reduci burdens and replacing confus with total clarity. as part of the simplification, s ....

Tax Code , Dollar Tens Of Billions On Excruc Paperwork In Compli Every Single , Alternative Minimu ,