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Detailed text transcripts for TV channel - FOXNEWS - 20171116:00:27:00

South carolina gets back a dollar 35 for every federal tax dollars that new york gets a return of $0.79. i do want to leave it there. we will get more that in the moment but i want to get to some of the other issues out there. ron johnson, senator from wisconsin said he s a no on this tax bill the way it stands right now. he says it is still the following people who think they will get a 25% rate. it is still lost a lot of people. he s talking about small business owners who may believe they will get that rate and that maybe they won t get it. what would you say to them tonight? the same thing we ve been saying from the very beginning. the treatment of the pass-through entities, s corporations, llc partnership, probably the last biggest substantive stumbling block we have to deal with. if the house chose to deal with it in a certain way, i think they took 70% of the income and taxed it as actual personal income. 30% is the return on capital. i haven t seen the details, i understand ....

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