We are getting your thoughts on the republican tax reform that was released yesterday. Phone lines President Trump what on the road to tout this plan yesterday in indianapolis, tweeting about the plan, saying democrats dont want massive tax cuts, how does that win elections . Great reviews for tax cut and reform bill. One of those good reviews coming in mornin saying, tax relief republicans must deliver now or go the way of the whigs. The gop outline is a pro growth boon but rates cant rise further. Gop flawed tax elite. Rk, aiding the another not so great review coming from the New York Times this morning. Calling it a republican tax boondoggle. We want to hear what you think. You can start calling in now or the republican, steve, good morning. Caller thank you for receiving my call. I agree with this idea of a tax cut. Im a cpa in a few states. , have been unable to find work a cpa with a masters degree, unable to find work. Even during tax season. I think something has to happen. Th
Nick nick pelosi plose good afternoon for being accommodated. We were scheduled to meet this morning and had a joy full occasion on the floor of the house which you have seen with the return of our colleague, the majority combhip, Steve Scalise and so exciting for us that he walked onto the floor with all of the challenges that he has had and thank god that our prayers are answered and thank god to jennifer, harrison and madison and the capitol police, the physicians, his staff, so many people made his return possible today. Making himit to them so strong. But a relationship that we have had over the years. Ok, earlier this week, republicans withdrew the latest version of trumpcare. Americans made their voices heard. Im proud of the effort of people telling their stories. Over 2,000, whether it was phone banks, town Hall Meetings and visits to congressional offices, so much activity on the part of people and how trumpcare would be harmful would be to their Economic Health as well. Whil
It includes three tax brackets for individuals. But which incomes will fall into those tax brackets and how much money will the middle class actually save. A typical family earning 100,000 with two children used as a standard deduction, they can expect a tax cut of about 1,000. Charles now to my panel, robert wolf, sarah westwood, washington examiner, white house correspondent. Sarah, they are talking about the gop having to sell this. Middle class thanks cuts sound good. But give me a specific number. A family of four how much money i am getting. Thats where a lot of the consternation is coming from. We note number of tax brackets has been reduced from 7 to 3. But we dont know which incomes will get what rates. A lot of the media and President Trumps opponents have been focusing on the elements of this plan that benefit wealthy people like donald trump personally. But there is good news for people of modest incomes. The standard duck its being basically doubled. The income ceiling for
Let me thank everyone for coming here this afternoon to discuss the important topic of tax reform. And while there are those who say that theyre putting out plans with notice a lot of competition but we have seenen anything that was specific in terms of what has been discussed. I think the conclusion that staff is come to that despite what is been suggested that this more and more is unveiled in a piecemeal basis, looks as thoug. Its really actually for people at the very top. Let me start by reiterating that democrats support progrowth, proworker, comprehensive tax reform. Ograms and i think my credential on this issue has been consistent over a long career about growing the economy. Let me highlight two key principles that we believe must be adhered to in tax reform. Our number one priority in tax reform is moving the dial to help the middle class and their families prosper. That means creating jobs and boosting wages, and givingnd hardworking, middleclass americans the relief they n
Call to order this session of the Senate Budget committee. Good morning and welcome to our first day of the Senate Budget Committee Markup of the concurrent resolution on the budget for fiscal year 2018. Which is focused on growing americas economy through tax policies that put more money in the hands of hard working americans. Before we begin, id like to take a moment to remember one of our former colleagues and a former member former chairman of this committee who recently passed away. New mexico senator. He was a true fiscal conservative who consistently pulled members of both parties together to reach consensus on the budget including two balance budget agreements in the 1990s. I know we all appreciate his service and sacrifice as a member of this great committee. This budget resolution begins the senates process of pursuing long overdue tax reform that will jump start Economic Growth. It starts with creating the fiscal framework to eliminate the stifling tax policies that are Hold