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Detailed text transcripts for TV channel - CNN - 20171212:09:44:00

Family and help his businesses. let s start here. tax cuts for pass-through enterprises, he owns hundreds of those businesses. that s when a company s passed to owner. for somebody like trump that means a top rate of 39.7%. the house lowers to 25%. that s key here. the senate bill redoozes taxable income essentially lowering the tax rate. either way that s a nice tax cut for the president. there are also goodies for the trump family business, real estate. both lower the tax on income, a pool that the trump s and kushners use, the senate version allows bigger while the house plan won t cap. finally, both plans keep a tax break for golf course owners. and the alternative minimum tax. the house bill repeals it. senate keeps it but less people ....

Tax Cuts , Tax Cut , Tax Rate , Taxable Income , Bill Redoozes , 39 7 , Family Business , Real Estate , House Plan Wont Cap , White House , Alternative Minimum Tax , Golf Course Owners , Tax Break , Bill Repeals ,

Detailed text transcripts for TV channel - CNN - 20171212:19:50:00

Plans lower it. the senate version allows bigger deductions on commercial property. while the house plan won t cap interest deductions on industry t and finally both plans keep a break for golf course owners, that benefits the trump administration which owns many. the alternative house bill, fewer people have to pay it. how would that help the president? remember two pages of his 2005 tax return leaked in march, showed trump showed $31 million. without it he would have owed 5 million that year. finally the estate tax, 5 mr or more. the house bill repeals t the senate bill doubles that amount. brooke. christine, thank you very much. we are moments away from the white house briefing as law make tears accuse the president of doing sexist smear against a setting senator. ....

Alabama Senate , Interest Deductions , Industry T , Commercial Property , Golf Course Owners , House Plan Wont Cap , White House , Estate Tax , Tax Return , Bill Repeals T , 5 Million , 1 Million , 31 Million , Snoenator Gillibrand , Brooke Baldwin ,

Detailed text transcripts for TV channel - CNN - 20171212:13:51:00

For somebody like trump that means the top of 36.9%, and that bill lowers the rate to 26%. there are also goodies for the trump family business real estate. both plans allow bigger deductions on commercial property while the house plan won t cap the industry, and both plans benefit the golf course owners. and the amt, the house bill keeps it and fewer people have to pay it. two pages of his 2005 tax return it shows trump paid $31 million because of the amt, and without the amt he would have owed $5 ....

36 9 , Family Business , Real Estate , House Plan Wont Cap , Golf Course Owners , Tax Return , 1 Million , 31 Million , 5 Million ,

Detailed text transcripts for TV channel - CNN - 20171118:04:28:00

School, the house bill lets rich parents put $10,000 a year tax-free to pay for it. republicans say they are getting rid of loopholes, but the house did keep this one a tax break for golf course owners who pledged to keep their property undeveloped. this is a tax break that benefits the trump organization specifically since, of course, it owns multiple courses. and remember during the campaign when president trump said that hedge fund managers were getting away with murder because of a certain tax break. well, that s one that s called the carried interest loophole, and it still exists in both the house and senate bills, although it is reigned in a bit. but maybe the biggest giveaway to the rich is the estate tax. in current law, it doesn t apply to the fifth $5.5 million that s passed on as inheritance. and by the way, the tax policy center estimates that aside from super rich individuals, only about 80 small farms and businesses will even pay this ....

Tax Break , White House , Golf Course Owners , Exultation Of Donald Trump , Hedge Fund Managers , Interest Loophole , Senate Judiciary Committee , Estate Tax , Trump Doesn T , 5 Million , 5 Million , Tax Policy Center ,

Detailed text transcripts for TV channel - CNN - 20171118:08:29:00

If you send your kids to private school, the house bill lets rich parents put $10,000 a year tax-free to pay for it. republicans say they are getting rid of loopholes, but the house did keep this one, a tax break for golf course owners who pledged to keep their property undeveloped. this is a tax break that benefits the trump organization specifically since, of course, it owns multiple courses. and remember during the campaign when president trump said that hedge fund managers were getting away with murder because of a certain tax break. well, that s one that s called the carried interest loophole, and it still exists in both the house and senate bills, although it is reined in a bit. but maybe the biggest giveaway to the rich is the estate tax. under current law, it doesn t apply to the first $5.5 million that s passed on as inheritance. the house bill would double that and do away with it entirely by 2024. and by the way, the tax policy center estimates that aside from ....

Tax Break , White House , Golf Course Owners , Private School , Exultation Of Donald Trump , Hedge Fund Managers , Interest Loophole , Senate Judiciary Committee , Estate Tax , Doesn T , Tax Policy Center , 5 Million , 5 Million ,