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Detailed text transcripts for TV channel - MSNBC - 20171111:18:51:00

Number one, we are a donor state. what does that mean? that means in the state of connecticut we will send to the federal government we will send more than we receive. and we do that gladly because we think it s important especially on veterans day to make sure we are taking care of our veterans and our national parks, inf infrastructure, health, we believe in tall all of that. but since 1913 when the code was first established, there was put in there a provision for state and local tax deductions. so for more than 100 years people have been able to take advantage of it. why? because without it, you said high states, but states that put money into their education systems and their infrastructure, et cetera, it would amount to double taxation. so wree are a donor state that finds ourselves getting doubly taxed in this instance. and then, also, heaped upon that ....

Donor State , Number One , Veterans Day , Inf Infrastructure , Wasn T , Tax Deductions , Education Systems , Et Cetera ,

Detailed text transcripts for TV channel - MSNBC - 20171110:15:55:00

What would allow you to support this piece of legislation? the only way to even be considered would be if the full property tax deduction was restored. and if the state income tax is restored. other than that, this is going to be a tax increase on my constituents. first of all, they d be losing two major deductions that have been in the tax code for years. and new york is a donor state. we give more money to the federal government than we get back. so we re subsidizing the rest of the country anyway. to add to that now, to take away this deduction which would have a uniquely dangerous impact on new york, new jersey, and california is unfair. i didn t run for office to increase taxes on my constituents to help the rest of the country. congressman king quickly before i let you go, yes or no, will president trump be a drag on the party in 2018? no, i don t think so, no. listen. ....

State Income Tax , Property Tax Deduction , New York , Donor State , Tax Increase , Tax Code , New Jersey , Yes Or No ,

Detailed text transcripts for TV channel - FOXNEWS - 20171106:18:20:00

Concern about the elimination of state and local tax deductions. if the tax bill increases that too much, you are a know? i want to make sure we have reasonable assumptions. to take away that deduction without that will be a devastating impact on new york state. the fact is, new york is a donor state. we give $48 billion more to the federal government and we get back. right now there is still strong resistance to that. harris: missouri senator roy blunt is vice chairman of the conference. thank you. i want to get just one word about the house. it seems like a lot of pressure if you have to get this done by thanksgiving, what are your thoughts on that? we really can t act until the house is done, we can t work on a tax bill until they have sent us a tax bill, i heard the speaker say by thanksgiving, i hope that s right. i think the deadline that really ....

Tax Bill , New York State , Tax Deductions , Donor State , New York , 8 Billion , 48 Billion , Harris Faulkner , Roy Blunt , Vice Chairman , It Act ,

Detailed text transcripts for TV channel - MSNBC - 20171029:13:40:00

Putting this all together? oh, but it s so clear that there is a large problem that the middle class is facing. and the elimination of the state and local income tax deduction is something that is very problematic for so many. california is one example where it is a donor state. it actually gives $17 billion more than it receives back. and if there is the elimination of the state and local tax deduction, salt, that would hurt the revenue that comes into our federal government. the let me ask you about the v.a.t. election. the dnc does not typically invest in gubernatorial races. i understand it has poured $1.5 million into this one so far. so how important of a win is it for democrats? it is a very important race and many people are watching. ....

Income Tax Deduction , Donor State , 17 Billion , 7 Billion , Tax Deduction , 5 Million , 1 5 Million ,

Detailed text transcripts for TV channel - FOXNEWS - 20171028:22:30:00

Subsidized by the federal government allowing this deduction. in fact, new york is a donor state. for every dollar we spend we only get 79 offensive dollars spent. now spring in the senior editor for roll call, david, always good to talk to. we will start here, the bumpy or smooth path forward. what lawmakers are willing to give a little bit, we ll talk about them and what is they are wanting return and is in the realm of possibility? my questions there. it will be a bumpy road for sure. if this was the easy one, the vote to even paved the way for the tax cut is with the what is on this week. the purpose of budget was essentially to create a speedy process. getting a tax cut through congress, some people remember ....

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