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Detailed text transcripts for TV channel - CNN - 20171216:06:00:00

Detailed text transcripts for TV channel - CNN - 20171216:06:00:00
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Detailed text transcripts for TV channel - FOXNEWS - 20171110:20:38:00

People like that though, state and local income tax. this was the big kahuna of difference in my views. the senate says none of that is deductible. the house as you can only deduct up to $10,000 in property taxes. i was really wondering, how much money is that? how much money are the republicans taking back here? it s a $1.25 trillion over ten years. this is how they are paying for their tax reform. shepard: the two bills are also split on deductions. medical expects deduction. they say they are out of here. a 7.5%. if you have medical expenses that are more than 7.5% of your income come you couldn t deduct that right now. you let say you have something awful and have to pay for, the senate would preserve this. there s also mortgage interest deduction caps that capped it at 500,000. you can deduct the interest on that. 1 million or over. that you and i talked a lot about student loan deduction. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20171103:18:26:00

That doesn t tell you the whole story. so over time, more and more people will shift from getting tax cuts to tax increases under the way they got the thing structured. dana: what do you think are the biggest vulnerabilities right now for republicans to get this just to the house. let s forget the senate for a minute, but the house on the preconceived timeline? a few things. one, the state and local tax deduction. you ve got the number of tax republicans from new york and new jersey who are not satisfied. you met a bit more other tax reduction to get their vote. you ve got this issue of pass-through businesses like businesses, llc pluralists , and corporations. there are rules from getting the full 25 rate. you ve got some members who are pushing to make those rules a little more lenient. the thing is when you do that, that costs money. republicans have this $1.25 trillion box that they prayed for themselves. ....

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Detailed text transcripts for TV channel - CNN - 20171030:09:36:00

How that happens. national association of homeowners, which wins a lot of fights on capitol hill, are against the bill. this is a bill that the offsets are still leaving them $1.25 trillion short. if you do a tax bill that enlarges the deficit that much, there will be more on entitlement programs when the majority of donald trump s votes is whites, voting republican. they will face pressure. that s how the companies are making more money than ever before. the argument that you must reform the tax code immediately to juice the economy. the economy is doing great right now. where do you see the numbers ....

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Detailed text transcripts for TV channel - FOXNEWS - 20171017:14:05:00

Getting what government money. if you get a tax credit for something, that s not listed. and if you look at all of the tax goodies out there, the loopholes, the credit that we get and deductions, that s more than our entire discretionary budget. it s $1.25 trillion a year are given away in tax preferences, deductions and credits and if we don t get a handle on that and don t have reform, then just tax cuts aren t going to do it. we have to get tax reform and people need to know what tax preferences, credits and deductions are out there. sandra: got it. you are up for reelection, senator. your colleague, lindsey graham, had strong feelings and strong thoughts as to what happens to your party if tax reform does not get done. listen to this first. are you going to get tax reform done? if we don t, we re dead. ....

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