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Detailed text transcripts for TV channel - FOXNEWS - 20171115:00:00:00

Detailed text transcripts for TV channel - FOXNEWS - 20171115:00:00:00
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Tax cutMortgage interest deductionProperty tax paymentsMortgage interest paymentsOne way or another02 5

Detailed text transcripts for TV channel - FOXNEWS - 20171113:06:39:00

rick, an optimistic outlook from the house ways and means chairman kevin brady. he said they have a good tax reform plan and house and they will pass it by thanksgiving. our republicans in the house know it is time to deliver the honest economy and grow these paychecks by getting rid of this current tax code. this as peter king lays out some of his concerns. right now there are two republican tax plans. one in the senate and one in the house. for individuals, there are seven brackets and four in-house plan. the senate lets homeowners deduct mortgage interest payments up to $1 million. the house cut it in half. both cut the corporate tax rate to 20% but the senate plans to delay those cuts by a year. the senate bill will completely eliminate the deduction for state and local taxes. the house bill allows deductions to property taxes up to $10000. that last difference is a big deal for lawmakers like king

Kevin bradyTax reform planHouse ways and meansAlabama senatePeter kingIn the houseTax plansTax codeTax rateMortgage interest paymentsHouse plan1 millionProperty taxes

Detailed text transcripts for TV channel - FOXNEWS - 20171113:10:31:00

every step of the way. our republicans in the house, that s exactly what we are going to do. there are 7 brackets, four in the house, mortgage interest payments up to a million dollars. the house cuts that in half. the most clearing difference, eliminates state and local deductions and in this last one has republicans in high-taxed states like new york, new jersey and california very worried about democrats like chuck schumer blasting it. if state and local is in this bill, it s a dagger to the heart of new york, it s a dagger to the heart of new jersey and those 15 have to choose their

White houseMortgage interest paymentsClearing differenceA million dollarsA millionSenator schumerNew jerseyNew york

Detailed text transcripts for TV channel - FOXNEWS - 20171113:00:39:00

rick, an optimistic outlook from the house ways and means chairman kevin brady. he said they have a good tax reform plan and house and they will pass it by thanksgiving. our republicans in the house know it is time to deliver the honest economy and grow these paychecks by getting rid of this current tax code. this as peter king lays out some of his concerns. right now there are two republican tax plans. one in the senate and one in the house. for individuals, there are seven brackets and four in-house plan. the senate lets homeowners deduct mortgage interest payments up to $1 million. the house cut it in half. both cut the corporate tax rate to 20% but the senate plans to delay those cuts by a year. the senate bill will completely eliminate the deduction for state and local taxes. the house bill allows deductions to property taxes up to $10000. that last difference is a big deal for lawmakers like king

Rick leventhalTax reform planKevin bradyHouse ways and meansAlabama senatePeter kingIn the houseTax plansTax codeTax rateMortgage interest paymentsHouse plan1 millionProperty taxes

Detailed text transcripts for TV channel - FOXNEWS - 20171112:00:30:00

christmas? there are differences and we ll take that to conference. it s 90% the same with little tweaks and nuances and i find that very encouraging. we re on pace to pass ours out of the house next thursday. here s how the two plans compare. both cut the corporate tax rate by 15%. for individuals, there are seven brackets in the senate plan, four in the houses. senate plan lets homeowners deduct mortgage interest payments up to $1 million. that s how it is now. the house cuts it in half. the elimination for state and local taxes, and the house bill allows it up to $10,000. this is a big one for moderate republicans in high-tax states like new york and california. the only way to be considered

Tax rateMortgage interest payments1 millionMy own wayNew york