Those who are at the lower end of the economic scale, and i think thats appropriate. So its middleclass tax relief but heres how it works. The share of federal taxes paid in 2019, which is a year after this is implemented, it starts right away, by the way, so middleclass families are going to get that relief right away. Currently is in the red and then our proposals in the blue. If you make, again, zero to 20,000, its very unlikely that you have income Tax Liability. But some families do and the average is. 1 . If you make 20,000 to 50,000 a year, your share of federal taxes goes down from 4. 3 to 4. 1 , in our bill. If you make 50,000 to 100,000, your share of the federal taxes goes from 6. 9 to 6. 7 . If you make 100,000 or above, your share goes not down. It goes up. From 78. 7 to 78. 9 . The top percent of wage earners in this country, earners, top 10 pay approximately 70 of the income taxes right now. After our bill is passed and implemented, they will pay more than 70 . So it is
Federal employee from fairfax station, virginia. Good evening. Caller good evening. Host you are on the air. Caller i thought it was a big waste of time because we have about 11 days until we meet this challenge again. I dont think theres going to be anything that will happen within that 10 days that will stop this from happening again. Host where do you work . Caller department of defense. Host did you have to report today . Sign any forms . And andwe had to report we had to sign a form that was. Ot ready i fear thats going to happen again. Everything will be done at the last minute. Host back to work tomorrow . Yes. Ost thank you for calling allen is joining us from windsor, connecticut. Caller im a former veteran , im anegro and im very ashamed of my country. A country ofis was we the people. Obviously this is a country run by donald trump. For that reason alone, i feel the democrats were wrong in giving in to donald trump. Supposed to be individual senate and houses and executive b
We are keeping an eye on the senates end of the year legislative business. Reporter centers have a lot of work to do but not much time to do it. Two major funding bills are in limbo and those senators hope to come to agreement before the new senate is sworn in sunday. Lets talk about covid19 relief. Reporter Mitch Mcconnell on the floor just hours ago announced he will move forward with the covid19 relief package that includes 2,000 direct payments but theres a catch involving the president s wishlist. Mcconnell says to get the 2,000 checks democrats must repeal section 230 of the Communications Decency act which protect Big Tech Companies who censor speech online, donald trump says company like twitter and facebook unfairly censor republican perspectives that have been for years. The majority leader wants a bipartisan study examining the integrity and security of the 2020 president ial election. The senate will not split the issues donald trump linked together just because democrats a
Is a reimbursable expense. As to why members might be took advantage of any american senior, afraid for their safety, just look at this video of or worse, that it was some way to take your home. Congressman luke correa from over the weekend. Learn how homeowners are strategically using a reverse Mortgage Loan to cover expenses, pay for healthcare, preserve your portfolio and so much more. [ yelling] are you a democrat . Yes, i am. You [ bleep ] democrat a reverse Mortgage Loan isnt some kind of trick to take your home. We the people dont like you. Video goes on for much, much its a loan, like any other. Longer than that. The house is pushing ahead big difference is how you pay it back. Undeterred though. Tonight it will vote on a find out how reverse mortgages really work resolution calling on Vice President pence to invoke the with aags free, noobligation reverse mortgage guide. Twentyfifth amendment. Democrats are expected to take with a reverse mortgage, you can pay whatever you can
Except representative sara jacobs who voted present. The legislation passed by the senate, it is now to the president for his signature. I stand before you today to show support of the chips and science act. This is a bipartisan provision that will ensure a bold and prosperous future for American Science and innovation, maintaining International Competitiveness and bolstering the economic and National Security. These provisions were built with vigorous input from the scientific community, industry, academia and other stakeholders on what they need most to succeed in the 23rd century. This product is a result of months of bipartisan negotiation. It is also the result of long hours put in by the Committee Staff and i want to thank each of them for helping us to get where we are today. With this legislation, we will bring about solutions for the climate crisis, enhance our semiconductor research, create jobs, increase racial integration and so much more. We will also take historic and muc