Fewer people will actually pay tax at that rate. Now, let me tell you what else they want to do. They want to nearly double the standard deduction. 12,000 for individuals. 24,000 for married couples. Thats the justification for raising the lowest tax rate from 10 to 12 that a whole lot of people arent actually going to pay for. The plan also calls for the elimination of the socalled marriage penalty. Raising the tax credit for a child under 17 by a yet to be specified amount. And look for a new 500 tax credit for nonchild dependents. That replaces the idea that you can actually otherwise claim nonchild dependents. In addition, the plan calls for repealing the estate tax. What a lot of republicans call the death tax. This benefits generally speaking the wealthy. It also repeals the Alternative Minimum Tax. At lot of you might say i pay the Alternative Minimum Tax. Heres the problem. It was actually meant to be something for the wealthy. Wasnt indexed to inflation so a
number of people i
Of the trump campaign. Just to state the obvious that we all know, the president shoots from the hip. Im not sure there was a ton of fore thought into what he said about sessions. I think he was honest and blunt about his feelings at that moment in time. They are feelings that he has had on and off for some time now. The Russian Investigation as we all know kind of wont go away as a story line partly because theres an open investigation but also because the president is preoccupied with it and he brings it up all the time, in private conversations and apparently in public ones. I think theres a real concern in terms of the comments hes made obviously because they also seem to indicate that, you know, first he wants loyalty from comey, now he wants loyalty or allegiance from Attorney General, like hes wanting to run this the way he runs his business, which is not the way the Government Works and certainly not the way the Justice Department works, which is an independent institution. The
Last issue that most republicans in the congress can agree on. They are all for tax cuts, thats part of what it is to be a republican i think. Is there anyway that this this doesnt pass . A very narrow majority in the senate, there are benefits in this tax code now that would have to be stricken to make room for the cuts, so you dont have a big blowout in terms of the budget and so they will be fiercely supported and defended by those affected. It wont be easy, not with a narrow majority of the kind that we have now among republicans. Democrats by large do not favor tax cuts, particularly tax cuts they will inevitably say benefit the rich. Its not that easy sl for this reason. For one thing, every time you pass tax cuts and you are the president tonight say theyre going to increase the number of people in the zero bracket, you
have fewer and fewer people actually playing texas. That is fewer and fewer people who stand to gain when taxes are cut because it is simply a mathematical truis
They have a First Amendment right to do that, but nfl owners also have a right to fire those players. Reporter this is all happening just one day after President Trump rescinded his invitation for Golden State Warriors guard steph curry to visit the white house. Now the entire team isnt going, but the hockey team that just won the stanley cup, theyre taking a different approach. Im talking about the Pittsburgh Penguins, they put out a statement this morning that reads, quote the Pittsburgh Penguins respect the institution of the office of the president and the longstanding tradition of championship teams visiting the white house. Any agreement or disagreement with the president s politics, policies or agenda can be expressed in other ways. And, in fact, President Trump tweeted about that very statement and praised the penguins for sticking by the tradition and coming to the white house regardless of where the players stand on politics. But, you know, all of this i hate to use the word
Times i asked him again. He said he absolutely did not meddle in our election. He did not do what theyre saying he did. John roberts is reporting on this on a moving bus at this moment. John, its a fine distinction, but the president didnt say he believed putin. He said that he believes that putin means it, right . Yeah. There is a different here and the language is what is important. Were pulling this bus, by the way, up to the royal palace in downtown hanoi, where the president and the president of vietnam will hold bilateral meetings. The president did make a lot of news on Air Force One when he said that he talked to President Putin about whether or not Russia Meddled in the election. He got a denial from putin. Headquarters of raqqa fell. And the president and President Putin agreed they would find a way forward and political solution to syria under the framework of the u. N. Security council on syria. The two leaders saying that efforts to deconflict between the two militaries ha