Page 46 - Tax Bracket News Today : Breaking News, Live Updates & Top Stories | Vimarsana

You are in a very high tax bracket. we'll see. i've looked at this as much as you have. i don't understand the cascading effect of this. i would just say that let's not lose focus on the main beneficiaries of this tax cut, which at the moment are america's corporations. the working class, i think, is getting stiffed. it's nothing new. and maybe i'm wrong. i hope i'm wrong. i hope this stimulates an incredible level of infrastructure spending and capital investment. but it doesn't strike me. >> yeah. i hope you're wrong. i hope i'm wrong. steve kornacki, it seems this bill was passed for one ma...

Public. >> listen, although they did get it through. so we'll be hearing about this, from the president shortly. we can imagine, that will be one of the things we hear about this legislative achievement for republicans and the president on a campaign promise in 2017. there's a little bit of momentum there, alice. but in terms of that momentum, two-fold question for you. number one, how are they going to use that? and where can they use it? and then i also want to ask you a quick question about messaging on the backside, but give me that one first. >> they'll use it by quoting james carville, i...

Tax cut of less than $100. 83% of the middle class will get -- will either pay more in taxes or get little bread crumbs. is that what you intended? >> sandra: it hasn't been popular, congressman. >> two points, number one we've increased the standard deduction for a family from $12,000 to $24,000. the first $24,000 of income is tax free. if you have kids you get a $2,000 tax credit for every child you have. this is great stuff in every tax bracket they go down. chuck schumer isn't being honest. what you see happening is liberals from progressive states and cities. think of la, san francisco, n...

Many times. the president is not on message. even with this discussion of whether he's going to benefit or n not, the fact that he and the white house cannot drive a message consistently to the american public and what this bill does to working men and women across this country because he's distracted about other things that are going on within the white house and other messages he's trying to send makes it very, very difficult to deliver that message. here's the good news. the vast majority of americans are going to get a tax reduction starting in january. i'm not worried and i think most rep...

A great book. let's start with you. it's a big day for the administration. >> it's a big day, a great big day for the majority of the folks who live in our country, the majority of our viewers. most americans are going to see their tax brackets go down. you're going to save money. you can spend more money at christmas, more money in your pocketbook. we have ted cruz on today and he said the 529 plan is going to allow you to put money aside for colleges, now you can put it aside for public schools and that helps the folks in the high tax states, new york. so many people and up sending their kid...