Page 13 - Write Offs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cut because of concerns on how much it costs. watch. >> it just came down to the fiscal issues and my concern about the long-term debt. again, many, many aspects of this bill are very, very good. >> in the end, corker's opposition will not likely matter because of the republicans on the fence like susan collins came on board giving mitch mcconnell a much needed win their colossal failure on repealing and replacing obamacare. the president has already been touting the start market has been on fire. the dow yesterday seeing its 53rd record close this year and quickly wrong again soon. the corpor...

Gone up 116%. i would expect a mom and dad to have problems feeding their kids. >> and that is something the democrats have contended from the start. we want to have a conversation about dealing with those who are -- these insurers pulling out of the marketplace. higher premiums for anyone is certainly not a benefit. and it didn't help with the executive order that was signed by trump in taking away some of those subsidies for those -- who needed those premiums to be reduced. >> chris? >> but also no one talks about things such as taking away write-offs. right now, employers can take their emp...

Their values. >> stunning how quickly the allegations blew up here on capitol hill. >> sandra: when lawmakers return next week the hot policy issue will be tax reform. what's the latest on that this morning? >> we had the senate roll out its plan yesterday afternoon. then a significant step in the house with the ways and means panel passing its proposal late yesterday afternoon. setting up a likely vote on the house floor next week. >> for too long our taxes have been so complex we had to have all these different write-offs because the rates have been too high. when you lower the rates, which ...

This. there is a move in congress to do something about taxes. one of the suggestions is to get rid of for the most part the mortgage interest deduction. if that happens because you are the property guy, is that going to impact the houses people buy? >> there is different opinions on that. they are talking about maybe capping it after 500,000. there is no write off. so up to 500,000, of course, depending on the part of the country you live in you could buy quite a place and get the write off. interestingly enough i talked and interviewed people and asked them how important are these write offs...

>> neil: you talked about i'm simplicity. i remember that when you took out and index card and showed us. it's a great allure. i talked to a lot of people saying simplicity is one thing but i want a lower net pay. i want my taxes to go down whether it's on an index card or a 50-page tax form, a lot of people are crunching numbers and chagrinned to find out with losing some write-offs and deductions in order to pay for this, that it's not that big. what do you say to that? >> what you'll see is across every income tax bracket, people will get a tax cut. we've been running the numbers for some i...