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Detailed text transcripts for TV channel - CNN - 20170929:09:37:00

President trump has been pretty explicit about this in many of his talks. he sees this as red meat for the republican party. but in all fairness, there is pretty much agreement that we need simplification and we need corporate tax cuts. what are the most controversial el el elements. already the reduction for property taxes is front and center. lobbyists are moble liesing, specially from many blue states. republican representatives who don t want that exemption removed. that s going to be the first part of the fight. i don t think president trump could put together a coalition that includes these republicans if he doesn t abandon that. this happened in 1986 and it will probably happen again. the state and local stacks ....

Republican Party , Red Meat , Tax Cuts , Property Taxes , El Elements , Don T , Moble Liesing , Stacks Deductions ,

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

American families and businesses wasted billions and billions of dollars and tens of billions of dollars on excruciating paperwork and compliance every single year and it never ends. under our framework, the vast maturity of s family as will be able to file taxes on a single sheet of paper. we re also repealing the unfair and complicated alternative minimum tax or amt. the amt requires many people to count late their taxes two different ways and pay the higher of the two amounts. we are closing loopholes, reducing burdens, and replacing confusion with total clarity. as part of this simplification, we re also going to protect millions of family businesses by ending the crushing horrible and unfair estate tax, also known as ....

Great American , Alternative Minimum Tax , Estate Tax , Family Businesses ,

Detailed text transcripts for TV channel - MSNBC - 20170929:11:12:00

Weighted less heavily toward the wealthy. the tests are clear toward the politics and policy. as changes get made, will the president support changes that make it less good for the wealthy and more for working class and middle class? there are people around him who have that instinct. steve bannon had that instinct, but gary cohn is being cautious. he doesn t want to be caught up in saying everyone is going to do better in the middle class, but that s the test. we ve seen the lobbyists are there to try keep their industries from being here. will middle class people be protected by the president or not? my big problem is there is no simplification whatsoever. fewer brackets. slightly. you got this 80,000 page tax code. and what are they going to make it more simple? they can t explain their own plan to the american people. ....

Gary Cohn , Working Class , Middle Class , Steve Bannon , Tax Code ,

Detailed text transcripts for TV channel - MSNBC - 20170928:02:10:00

Tax reform as done by president reagan and the congress would actually improve things for everyone by achieving some simplification but not losing any revenue to the treasury and in order to do that, of course, you had to clear out the principle some of the deductions that were losing revenue. what is your reading of what you see in this republican tax plan today? well, first of all, keep in mind that the reagan effort in 1986 was a very serious and long-term effort. they didn t just send out, you know, brief documents of talking points. there was a three-volume treasury department study that was very detailed in its recommendations and then the white house itself sent a large document of several hundred pages to the capitol hill with very specific recommendations of what to do and how to do it and ....

Tax Reform , Republican Congress , President Reagan , Talking Points , Treasury Department , White House , Capitol Hill ,

Detailed text transcripts for TV channel - FOXNEWS - 20170927:15:16:00

All well president trump gets ready to speak about tax reform at an event in indianapolis just a few hours from now. some details of the plan emerged yesterday when the president personally appealed to house lawmakers to get behind this proposal. our plan is based on four very crucial principles. first, we must make our tax codes simple and fair. it s too complicated. people can t do it. american taxpayers waste 6 billion hours each year complying with the tax code under our plan. the vast majority of americans will be able to file their tax return in a single page without extra record-keeping and all of that paperwork. so we re going to make it very, very simple. it s called simplification. jon: joining us now, republican senator john cornyn of texas, the senate majority whip. it s good to see you today. ....

Tax Reform , Speech At Indianapolis , Tax Codes , Tax Code , Tax Return , 6 Billion , Jon Scott , Alabama Senate , John Cornyn , Record Keeping , Majority Whip ,