The role the economy will play in campaign 2020. A 9 00 a. M. , Pew Charitable Beth Connolly on how the pandemic has impacted the Opioid Epidemic. Good morning. It is july 15, 2020, a hundred 11 days until election day 2020. 111 days until election day 2020. President trump and Vice President joe biden had plenty to say on everything from the economy to the handling of the coronavirus pandemic to the environment and trade. We are washed asking you to weigh in. What is your top issue in campaign 2020 . Democrats can call 202 7488000. Epublicans, 202 7488001 independents, 202 7488002. You can also send us a text message this morning. That number, 202 7488003. If you do, please include your name and where you are from. Otherwise, catch up with us on social media. On facebook, it is facebook. Com cspan. You can start calling in now as we show you two takes on president Trumps Press Conference from the rose garden yesterday. Here is the headline from breitbart. Donald trump tears into joe b
The cheryl and Philip Milstein family. Sue and edgar wachenheim, iii. Dr. P. Roy vagelos and diana t. Vagelos. The j. P. B. Foundation. The Anderson Family fund. Rosalind p. Walter, in memory of abby m. Oneill. Barbara hope zuckerberg. Corporate funding is provided by mutual of america designing customized individual and Group Retirement products. Thats why were your retirement company. Additional support has been provided by and by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. Thank you. From the tisch wnet studios at Lincoln Center in new york, hari sreenivasan. Sreenivasan good evening, and thank you for joining us. Republicans in congress are on track to pass one of the biggest overhauls to the tax code in more than 30 years this coming week. On the brink of his first major legislative victory, President Trump predicted today the tax bill would benefit the middle class and spur economic growth. Were really going to start to
Senate. If all of the time is used. Again, for republicans, 2027488921. For democrats, 20274 892, and for independents, 2027488922. Let me read you the reporting of brian fowler, the house to vote again on a tax overhaul after a senate glitch and here are the details. The house is expected to have to vote again tomorrow on the republicans sweeping tax legislation after a number of provisions were ruled out of order in the senate. However, writes politico, it is not likely to stop the momentum for long with the legislation still on track to be delivered to President Trump this week. The senate is expected to vote on the bill tuesday night, this evening, after striking these provisions known as the byrd rule, by the way, which relates to expanding the tax Advantage College savings account and taxing college endowments. Politico writes the stumble is an embarrassment for the republicans who hours before were celebrating on the house floor and getting cue dotes from President Trump for pas
Years in the making but when President Trump was elected i think the republican members of congress saw this as an opportunity to try to really drive things this year, 2017. Host we have linked the bill on our congressional chronicle. Just a couple of highlights from this bill. It would reduce the number of individual tax brackets from seven to four, the top rate stood at 39. 6 . It reduces the top Corporate Tax rate from 35 to 20 limiting mortgage Interest Deduction to loan to 500,000 or less and would roughly double the individual and family standard deductions. It also caps state and local property Tax Deduction at 10,000, increasing the increasing the Child Tax Credit from 1000, the 1600 per dollars per child and no longer allows medical expense of property loss deductions. Aaron lorenzo one of the issues that came up we could go in the budget that was issued this date a local Tax Deduction. Some 20 members of the new york and new jersey delegation voting against the budget because
We are joined by aaron, a tax reporter for politico. This has been a priority of speaker ryan an ways and means chair, kevin brady. How did the bill come about . What is the process like . Its been a busy year on the committee and leadership. Officials from the white house, President Trump is involved in trying to drive this to a finish line. Its been a busy year on the tax front. To be honest, its been many years in the making. When President Trump was elected, i think the republican members of congress saw this as an opportunity to try to really drive things this year, 2017. We have a link to the bill on our congressional chronical. A couple highlights, reduces tax brackets from seven to four, the top staying at 39 pn. 6 . The corporate 35 to 20 . Limiting mortgage interest to loans of 500,000 or less. It caps state and local property Tax Deductions at 10,000, increasing the Child Tax Credit and no longer allows medical expense or property loss deductions. One of the issues that came