Page 11 - Tax Decrease News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Without time to read the full bill, republican senators narrowly pass a major tax overhaul. >> it's the largest tax decrease in the history of our country, by far. >> democrats say the whole process was a sham. rin senator tim scott is here to respond. # hello, i'm jake tapper in washington, where the state of our union is trying to keep up in this insanely busy news week. with republicans inches away from passing their tax bill which will have profound consequences for the public, this morning president trump is focused squarely on discrediting the russia investigation. he was up rather ear...

Because of you we have broken every record in the history on rnc. [applaus [applause] >> over $120 million! (applaus (applause). >> great job. outstanding we have a lot of folks that helped with the campaign. we are going to talk about the campaign last night. last night 3:00 in the morning, i said, call me, you can call me. largest tax decrease in the history of our country by far. and where is is he, my friend, where -- [applause] >> you guys look at my friends.

Terms of their pay check. >> sandra: senator, sorry to interrupt. it's a very simple question. does everybody in the middle class get a tax cut or not? >> i think everybody does get a tax cut on this. one of the things that's missing in the joint tax study and is missing is this issue with regard to individual mandate. they view that as somehow a tax increase. sandra, that's going to be a tax decrease because, remember, you have millions of american families who are paying that tax, the individual mandate tax because they can't afford health insurance under the affordable care act. 80%, 80% of...

They're saying those will go away. it won't be permanent. overall the republicans seem to think the argument that most people will get a tax decrease will work even if you have millions who will get a tax increase. the tax increases are spread out a lot. the target of the tax increases is particularly people in california, new york, new jersey because of getting rid of the state and local income taxes. those people don't vote for republicans already. part of the thing going on here is there are some tax increases targeted to people that don't vote for republicans. >> i've talked with friends i...

Shows by the joint committee on taxation that every income bracket will see a tax decrease and that's sorely needed. 50% of americans are living paycheck to paycheck and they need tax relief and our bill will deliver that. >> i get that's what the analysis shows and everybody can sit here and select which facts and analysis and numbers they want to argue about. why aren't the american people getting behind this. if they believe the numbers, who doesn't want more money in their pocket at theened of every week? where is the disconnect? >> it's getting information out there. we just passed our bi...