of those types of countries. peer review literature that looks about that, including a paper by german economic, and what we do is go through papers and have charts to say if this is true what wage do you get. and most of the action is well north of $4,000. that s where it comes from. i ll go in the middle with orange tie. one of the criticisms of the tax reform proposal is that the corporate tax rate is cut permanently. the individual tax rate phases out after ten years. why in your view that is that such a good idea? so the president supports permanent tax cuts for the middle class and permanent tax cuts for corporations. and that s certainly the objective of the planters of this tax bill. but there are also senate budget rules and reconciliation rules that are required to allow this bill to move forward with 51 votes. of course the hope for everybody is that when the time comes for these things to he can pier, that they get extended.
compare the experiences. a big peer review literature that looks at that. one is coming out in the american economic review. we say if this is true, what wage effect you get. most of the action is north of $4,000. that s where the number comes from. i ll go in the middle. one of the criticisms, kevin, of the tax reform proposal is that the corporate tax rate is cut permanently. the individual tax rate phases out after ten years. why is that such a good idea? so the president supports permanent tax cuts for the middle class and permanent tax cuts for corporations. that s the objective of the planners of this tax bill. but they re also senate budget rules and reconciliation rules that are required to allow this bill to move forward with 51 votes. the hope for everybody is that when the time comes for these things to expire that they get
you compare the experiences of those two types of countries. a big lis chterature that looks that. we go through the papers and show, if this paper is true what wage effect do you get? most is well north of $4,000. that s where the number comes from. middle, orange tie? the tax reform proposal is that the corporate tax rate is cut permanently. the individual tax rate phases out after ten years. why in your view is that such a good idea? so the president supports permanent tax cuts for the middle class and permanent tax cuts for corporations and that s the objective of the planners of this tax bill but there are senate budget rules and reconciliations allowing this to move forward with 51 votes. the hope for everybody, when the time comes for these to expire,
the republicans thought of this process by saying every american, everyone in america, will get a tax cut. now they re saying on average, people will get a tax cut. even that is incorrect. reporter: 13 republicans mostly from high tax states and 192 democrats opposed it. they still had enough votes to get it out of the house. sandra? sandra: what about the tax reform push on the senate side? reporter: things are a little dicey there. you ve got one republican who came out and said he is against a tax bill at this stage because he feels like it will favor corporations over other businesses. i was asked, can you support the current senate version? i wouldn t vote for it. just that simple. but doesn t mean i don t want to, you know, vote for a real solution. that s why i ll work with, again, senate, house and the white house to get one. reporter: the senate finance committee continues working on its own tax reform proposal.
you talk about taxing success. all of our working professions, wlur a machinist or a teacher, and in the case of a teacher, if they reach into their pocket, if they reach into their pocket to pay for their students, you get rid of that deduction as well. so you can give it to somebody who s already gotten $11 million deduction on the estate tax. this is outrageous! democrat congressman john larson of connecticut blasting the gop tax reform proposal in the ways and means committee where it passed on a party line vote. congressman larson joins me now. congressman, with a welcome to you, sir, i can t tell you as i was listening to you talk about teachers, how much teachers i ve spoken to over the years that have reached into their own pockets to make up for the lapses in funds to what they want to bring their students so