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Detailed text transcripts for TV channel - MSNBC - 20171130:08:59:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20171130:08:59:00

Members of congress coming forward, if we don't pass this, going to cut off spigot of campaign contributions. >> they did say that. >> here's example. had you exchange on twitter. slightly technical but worth talking about. exchange on twitter how a single mother making certain amount of money would fare under the bill. you tweeted one thing and john cornyn, high up in leadership tweeted response. zero income tax, doubling of standard deduction and 2,000 child tax credit. my understanding, that's factually untrue. they're either lying or don't understand the bill. >> it's a combination of both...

Detailed text transcripts for TV channel - MSNBC - 20171129:16:47:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20171129:16:47:00

And also when we get together and work out our differences between the house and senate bill going forward. >> but tom, you're such a reasonable guy. we've often had you on with other members of congress. and i love you talk to them and you have good relationships. but at some point, we have to just talk about the 800 pound gorilla in the room. this is not a middle class tax cut. this is a corporate tax cut and a tax cut for the wealthy that has sprinkled a little joy to the middle class for about a year or two in certain circumstances. why don't we call it what it is? it's not a middle class ...

Detailed text transcripts for TV channel - CNN - 20171118:04:29:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171118:04:29:00

Tax this year, don. >> okay. so the richest americans are getting plenty of breaks, you just described some of them, what about the middle class, brianna? >> well the rich are getting nice goodies, then at the same time a lot of the middle class tax breaks, they're actually going to go away. republicans argue that a bigger standard deduction will make up for that, but just look at some of the optics here, the house bill removes a $250 deduction that teachers can take for buying school supplies for their classrooms. this is an expense that teachers pay out of pocket because their school distric...

Detailed text transcripts for TV channel - CNN - 20171118:08:30:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171118:08:30:00

Super rich individuals, only about 80 small farms and businesses will even pay this tax this year, don. >> okay. so the richest americans are getting plenty of breaks. you just described some of them. what about the middle class, brianna? >> well, the rich are getting nice goodies, then at the same time a lot of the middle class tax breaks, they're actually going to go away. republicans argue that a bigger standard deduction will make up for that, but just look at some of the optics here. the house bill removes a $250 deduction that teachers can take for buying school supplies for their classr...

Detailed text transcripts for TV channel - CNN - 20171118:08:31:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171118:08:31:00

Cost students and families more than $71 billion over the next decade, don. >> but you mentioned some sort of relief for the middle class. why is it short term? >> well because the tax rates that the middle class, that they do get, they don't last. in the senate version, the vast majority of individual tax cuts expire after 2025. this includes the expanded child tax credit, the bigger standard deduction as well. and then cuts in individual rates. but the corporate tax cut and most of the other goodies for businesses, those are actually permanent. so it's a big reason why the joint committee on...