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Detailed text transcripts for TV channel - FOXNEWS - 20170928:05:29:15

Detailed text transcripts for TV channel - FOXNEWS - 20170928:05:29:15
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Ameriprise danaDonald trumpDo nothing congress

Detailed text transcripts for TV channel - FOXNEWS - 20170928:05:07:00

but the standard deduction piece, that is significant.th significant. i think the democrats will support that. there is a fundamental philosophical divide. republicans believe growth. democrats believe distribution of income helps americans. economic growth helps people. we saw in the 80s and 90s when bill clinton signed a republican tax cut plan. dana: and in early 2000s. four of the eight bush years economic growth was over 3% a year. and that never happened under the obama years. the deficit was almost eliminated in 2007. only $161 billion and now with obama and the 41% top rate the deficit is four times as high.ti so we need economic growth. that is the answer our nation s ailments. dana: i find tax reform quite boring. when you talk about the deduction and the this and using

Significant thAmeriprise danaTax cut planBill clintonWe saw in the 80s and 90sPresident obama161 billion61 billionTax reformHigh ti

Detailed text transcripts for TV channel - FOXNEWS - 20170928:05:08:00

terms and things that are difficult for people to understand, how can you make tax reform exciting again? i called it economic growth. really what we re talking about is having a golden goose. if our american economy doesn t have a golden goose we turn into europe. that s not even a goose. that s a lame duck. that s right. 10% unemployment, economies that don t grow.e we believe in individualism and letting people achieve what they can. the sky is the limit. when you do that in america you create jobs for everybody and everybody gains. we need a tax code that helps that golden goose grow so we can all benefit. dana: i remembered i think it was a few months back you were talking about how you sell tax reform across america and you i believe encouraged president trump to get out of washingtoned not talk about it there but go to red states that haveab democratic senators or members of congress to try to push them. i have think that president trump is doing that.

Tax reformLame duckTax codeDont grow eDonald trumpAmeriprise danaDo nothing congressRed states

Detailed text transcripts for TV channel - FOXNEWS - 20170928:05:06:00

of obama we ll never help poorow people or people in the middle class. economic growth is the answer. we need a stimulus bill like this. dana: some criticism that the president s proposal is not as big and bold as say ronald reagan s but how do you look at that historically? ronald reagan was working from a much different set of numbers. before i came i was talking to a smart analyst and she pointed out that reagan s taxes were 70% rate and took them down to 28% rate. now we are at a stage where taxes are 41% after you count up the obamacare taxes on medicare. he is proposing to move itme don to 35%. that s a big 6% change in the upper income bracket and a lot of economic growth will result from that. the other interesting change they re proposing to double the standard deduction. that s a tremendous number of people will no longer pay any income tax who are lower income people. that will shift the burden to the higher brackets. how do the democrats whye are the democrats sayin

Ameriprise danaPresident obamaRonald reaganStimulus billSmart analystOn medicareIncome bracketIncome tax