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Detailed text transcripts for TV channel - CNN - 20171115:09:35:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171115:09:35:00

1.5 trillion dollars to the deficit. that's the limit they can hit to still pass this bill with a simple majority. individual tax cuts will expire by the year 225. a lower tax corporate tax rate that's immediate and permanent. let me rephrase that, middle class tax relief is temporary. tax relief for companies would be permanent. opens up the gop to criticism that they favor businesses over everyday americans. the administration says corporate tax cuts would boost worker pay, so cutting tax rates for companies is good for the middle class, but there's no proof. in fact, check out this awkward ...

Detailed text transcripts for TV channel - CNN - 20171115:10:34:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171115:10:34:00

Direct that money towards middle class tax relief. the revised senate bill boosts the child tax credit to $2,000 and it cuts several middle income tax brackets. now eliminating the mandate injects much-needed cash into this tax plan. but it will also increase premiums and by one estimate, you know, 13 million people would forgo health insurance. still isn't enough to pay for across the board tax cuts, that is if congress only adds $1.5 trillion to the deficit, that's the limit. so individual tax cuts would expire by the year 2025. the lower corporate tax rate, that's immediate and permanent. i...

Detailed text transcripts for TV channel - CNN - 20171115:09:36:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171115:09:36:00

Reform goes through? okay. >> why aren't the other hands up? >> gary is saying why aren't the other hands up? i saw one hand, maybe two hands go up in that room. ceo's said when they get their tax goodies, lower taxes they're going to spend it on share bye backs and dividends on shareholders and investors, not necessarily on higher worker pay. >> what's the answer to that question, why aren't the other hands up? typically what i hear is we don't need to. we build factories when we need to. we pay more when we have to. those interest decisions they make based on a market not based on taxes. >> ...

Detailed text transcripts for TV channel - CNN - 20171115:09:04:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171115:09:04:00

Isn't enough to pay for across the board tax cuts, that is if congress only adds $1.5 trillion to the deficit. that's the limit they can hit. so, individual tax cuts will expire by 2025, but the lower corporate rate, that's immediate and is permanent. opening the gop up to criticism they favor businesses over everyday americans. corporate tax relief, permanent and immediate. the tax relief expires for regular americans. corporate tax cuts will boost worker pay. there's no guarantee on that. in fact, here is what a ceo said at a "wall street journal" event with economic adviser gary kohn. they ...

Detailed text transcripts for TV channel - CNN - 20171018:09:39:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20171018:09:39:00

They say a lower tax rate will spur overseas company to spur cash home. that money will boost worker pay. a new survey found most use them on share buybacks or debt. economic adviser gary cohns he's okay with that. >> they buyback stock. the government collects a tax on the capital gains or whoever they buy back stock from called 23.6%. the government gets 23.6%. >> still got to try to make that link to the government getting the capital gains tax. the administration wouldn't put conditions on the return cash. that was the same for 2004. most went to shareholders, not business investment. whit...