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Detailed text transcripts for TV channel - CNN - 20171117:11:32:00

But most of the sales pitch is as a middleclass tax cut. right. which is a fundamental mismatch when you re starting out. certainly republicans believe with the corporate tax cut this will help fuel the investment in the economy, create jobs, and balance everything out in the end. but democrats are basically pointing to the raw numbers right there and saying, first of all, you can t prove that is going to happen. corporations hold all kinds of cash they don t put back into the economy. also with this latest report that the projections are over 5, 10 years, the burden of taxes on the middleclass is actually going to go up and the poor is going to go up. that s a direct sales pitch to the people. tax reform is a complicated thing to sell. people are familiar with the parts of it that affect them directly, whether it s state and local taxes or just the raw number of how much they pay into the government versus five years and beyond. and the numbers have not shaken out that well for the ....

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Detailed text transcripts for TV channel - CNN - 20171116:12:27:00

That is on the business side of the equation, making sure all americans are competitive against each other and grow our economy. that s how you increase wages on a self-sustaining basis. they don t want to use that term because of the big deficits. that s what it is. give more money to people like me. then i will use private investment to drive benefits to the middleclass. they get a booster on top of whatever their tax cut is. economically it s dubious and practically we have seen that it doesn t work that way every time. you shouldn t be guaranteeing it as an outcome. i want to the see the information top prove the economic growth we get with all of our tax revisions. ....

Each Other , Tax Cut , Shouldn T , Tax Revisions ,

Detailed text transcripts for TV channel - CNN - 20171116:11:44:00

The top tier, in your version, the senate version has different propositions in it at this point. but in the house version, the middleclass doesn t do best. why not? the middle class does do best because our stuff on the corporate tax rate will grow our economy. we should stop arguing how to divide the pie and start growing the pie. that s what making america competitive is all about. that s what the business tax cut is all about. it will result in private investment, which will result this more jobs, which will result in better wages. and the middleclass will also get a little cash in their pocket through a tax cut. this bill is about growing the economy. that s what this bill is about, chris. but isn t it more fair to say might, right? you saw what just happened with those ceos with one of the administration officials. he said, look, we re going to give the corporations money back to pay their workers more. that s not how it works. ....

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Detailed text transcripts for TV channel - CNN - 20171116:11:43:00

It will help people get better jobs. and it will put some money in the pockets of hard working taxpayers. i hope the senate can focus on that and get that done. i want to test that notion. one more step sideways. if he were running for congress and he won, what would your position be there about what should be done? if he was in congress he would be in congress either way, two houses of congress. if he were elected as representative, what would you want done then? i think it would be a problem. and i would probably move to take some action. but, i m not going to put pressure on the senate. they need to manage their own affairs in the united states senate. but pressure is what it s all about when we re dealing with political questions. let s talk taxes. this is called a middleclass tax cut. that s what the president keeps selling it as, that it s really about them. but the tax savings, the tax benefits are not weighted to favor the middleclass. ....

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Detailed text transcripts for TV channel - CNN - 20171116:11:21:00

Who saw this coming? ron johnson is trying to speak up for small businesses. the middleclass has really been left out. he s being motivated by a specific provision. and i think this is not a no vote. this is a negotiating assistance. it those folks too often get lost in the shuffle. small businesses are called pass throughs and you wind up being almost double taxed. one at the business level. they have to pay it as income. that s been there a long time. they are not just the manufacturing but the job engine of this particular economy. that s right. so johnson is important if he stays where he is. the word is he got a call from the president. how strong is his resolve. he came here and dominated our board. i remember. do you think it s what john says and this man will move in line with a little finesse. potentially. ....

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