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FOXNEWSW Shepard Smith Reporting December 13, 2017 20:00:00

Companies. The typical family of four earning 75,000 will see an Income Tax Cut of more than 2,000 slashing their tax bill in half. Its going to be a lot of money. Going to have an extra 2,000. Theres more than that. Our plan expands the Child Tax Credit for working families. Youll hear the numbers very soon. Theyre even larger than anticipated. Even nearly doubles the amount of income taxed at the rate of zero. I dont know if any of you are paying zero. I hope youre not. I hope youre paying above that, but a lot of people who are having its a little tougher will be paying zero. It closes special interest loop holes. It lowers tax rates for families. And our plan also cuts taxes on businesses, which is expected to raise income by an average of more than 4,000. So your income goes up. Its like having a 4,000 increase, which isnt bad, which isnt bad. Its a lot of money to spe ....

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Detailed text transcripts for TV channel - FOXNEWS - 20171213:20:27:00

The numbers work to bring a bill in final shape to get it going. we re very happy. republican leaders hope the house and the senate will approve the tax reform compromise next week. it provides a modern tax system that is tremendously competitive. one that will leap frog america to the lead pack among our global competitors and unleash the growth of jobs and paychecks here at home. speaker ryan says the goal is getting it done by christmas so taxpayers can have a new tax code in 2018, shep. shepard: thanks, mike. the deal that the house and senate have tentatively agreed upon would lower the tax rate for the wealthiest americans. this is a change the last few days. i believe it was 39.6%. correct. shepard: and now 36. 37%. so you re talking about 2.6 percentage points, this is a ....

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Detailed text transcripts for TV channel - FOXNEWS - 20171026:19:16:00

November 1 and the idea is his committee will work on it november 6 and the hope is a house vote on tax reform november 13 or so. when asked today about the outstanding issues, paul ryan did not engage. i agree with comprehensive tax reform and give the ways and means committee the leeway to write the legislation. we re trying to give people a break on their taxes, making it easier for people to plan and save for the future. one item they re looking to address is a compromise over getting rid of the state and local tax deduction. 11 of the 20 republican nos were from new york and new jersey, high tax states. shep? shepard: what more are we hearing from this on democrats? they re saying the budget will explode the deficit by 1.5 trillion. really going after the fiscal hawks. they re saying it s not too late to sit down and hammer out a bipartisan tax reform ....

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