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Detailed text transcripts for TV channel - FOXNEWS - 20171221:21:09:00

Every single income bracket in almost every congressional district sees their tax rate goes down in every single income bracket even with the salt deduction going away. you ll see a huge benefit to middle class families. everybody will see the tax cut. neil: and some say no, what do you tell them? what i tell them is look at the other income tax cuts that are coming for everybody. look at how our economy will take off and how that will help them. look to your local state. if your state is raises taxes on you at such a high level that the only way to equalize it is to say please have the federal government deduct every dime of it, now you need to lower our taxes because the taxes are too high. let s have the national debate, neil. neil: okay. obviously a lot of people say that a lot of things changed in getting this tax cut done. the least of which is you ....

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Detailed text transcripts for TV channel - FOXNEWS - 20171221:21:27:00

Mainly the narrative here is focusing on will the trump family benefit. the trump family will be fine the rest of their lives. when you become president, you get to do speeches afterwards sometimes for $500,000 a pop in russia. so i doubt they re doing this so they can line their own pockets. so that was an interesting narrative. other narratives are around polling, which some including a cnn poll shows this tax bill was 55% disapproved by the public. another piece of advice. why don t we wait until this time next year and see what the benefits are in terms of gdp, in terms of jobs and all of those things. let s see how the 2018 elections go. if this is a referendum on how the economy is doing as a result of the tax bill, democrats shouldn t be as confident as they are right now turning over the house and the senate. neil: we should know from experience that they take awhile to sort out. we should know that revelations like not keeping your doctor and that your premiums would be ....

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Detailed text transcripts for TV channel - FOXNEWS - 20171221:21:05:00

Obviously companies can spend this tax largesse anyway they want to. not only are the rates going down dramatically but the benefit of a one-time low tax on their monies held abroad. i think 15.6%. take advantage of that. if they follow what the other companies like what at&t and wells fargo are doing, there could be a double benefit. is it your hope and expectation that most companies do what these are? you ll see a lot more of this, neil. companies invest in their workers. they re also investing billions in new infrastructure. you ll see that in every sector of our economy. it s going to ripple through to the guy that works at at&t who is maybe laying fiber optic cable throughout more communities. this is the benefit that you ll see. not just again, in your paychecks, not only when you do your taxes, you ll pay less in taxes now, but you ll be seeing more jobs created. a lot of those jobs that left america that we complained about for so long, we did something ....

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Detailed text transcripts for TV channel - FOXNEWS - 20171221:21:04:00

Thanks, lauren. congressman steve scalise joins is with us. you ve been through so much this year. how soon do you know if the president will be signing this? neil, happy days are here again. you re going to see the president sign this bill in the next few days. you re already seeing the benefit that so many millions of workers will be seeing, that have been wanting this kind of relief. it s not just about cutting taxes to put more money in their pockets, which will be important, but as you see now, there s true competition going on where at&t started it. $1,000 for over 200,000 workers. and there s more to come. you re going to see i think more and more companies every day announcing these kind of benefits to workers because there s an increased value in workers. they ll see increased paychecks. this is what we said was going to happen. but it s already happening before the bill is even signed into law. neil: so you want to see more of this type of thing. ....

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