GOP Tax Plans Closer To Approval

DICES IS TAKING AIM AT THE
VATICAN.
HOW MUCH DO YOU PAY IN
FEDERAL TAXES EACH YEAR?
IT'S LOOKING LIKELY THE AMOUNT
WILL CHANGE.
JEFF: WITH LIGHTNING SPEED, THE
HOUSE OF PROVED A MASSIVE TAX
OVERHAUL AND THE SENATE FINANCE
COMMITTEE APPROVED THERE'S.
LEYNA: DAVE BRYAN JOINS US WITH
A LOOK AT THE RAPID DEVELOPMENT
AND SOME INTENSE AND NASTY
DEBATE.
REPORTER: FIRST OF ALL THE HOUSE
WITH CHEERING THEM BACK SLAPPING
AND THEN THE SENATE FINANCE
COMMITTEE, IT WAS NASTY AND
THERE.
THE HOUSE BILL WAS NEVER IN ANY
SERIOUS DOUBT AND IT PASSED BY A
25% MARGIN.
TEMPERATURES WERE FLARING IN THE
GAVEL WAS BANGING TONIGHT WHICH
ULTIMATELY PASSED THE SENATE
VERSION OF TAX REFORM BY TWO
VOTES, BUT NOT BEFORE SOME NEW
FIREWORKS AS THE DEBATE TURNED
ANGRY AND PERSONAL.
I GOT SICK AND TIRED OF IT.
IT'S A NICE POLITICAL PLAY.
WITH ALL DUE RESPECT, I GET
TIRED OF THE RICH GETTING
RICHER.
REGULAR ORDER.
ORDER.
REGULAR ORDER.
HOW MANY TIMES DO WE DO THIS
BEFORE WE LEARN.
LISTEN.
I'VE HONORED YOU BY ALLOWING YOU
TO SPOUT O OFF.
WHAT YOU SAID WAS NOT RIGHT SO
DON'T SPEW THAT STUFF ON ME.
I GET A LITTLE TIRED OF THAT
CRAB.
REPORTER: WELCOME TO THE NEXT
STOP FOR TAX REFORM LEGISLATION
IN THE U.S. SENATE.
IF ANYONE THOUGHT GETTING THE
TAX CUTS PACKAGE TO THE SENATE
WAS GOING TO BE EASY, THIS WAS
THE TONE OF THE HEARING THURSDAY
NIGHT IN THE SENATE FINANCE
COMMITTEE AS A SHOUTING MATCH
BETWEEN COMMITTEE CHAIR ORRIN
HATCH AND DEMOCRATIC SENATOR
SHERROD BROWN FLARED OPENLY.
A SIGN OF THE MASSIVE DIVISION
ON THIS ISSUE.
OR GONE DEMOCRAT FIRED BACK AT
HATCH AND THE REPUBLICANS.
THE VERY FIRST THING THEY'RE
GOING TO DO AFTER THIS TAX BILL
IS COMPLETE, THEY'RE GOING TO GO
ON TO THE ENTITLEMENT AGENDA.
WE'VE SEEN THAT MOVIE BEFORE.
COLLEAGUES, THIS IS INDEFENSIBLE
PARTISAN LEGISLATION, A DARK DAY
FOR A STORIED COMMITTEE AND FOR
OUR COUNTRY.
REPUBLICAN ELATION OVER
ATTACKS PASSAGE MAY BE A LITTLE
PREMATURE.
THE FAR-REACHING OVERHAUL PAST
THE HOUSE ON THE 227 - 205 VOTE
AND INCLUDES $1.5 TRILLION IN
TAX CUTS FOR BUSINESSES AND
INDIVIDUALS.
MORE THAN A DOZEN HOUSE
REPUBLICANS VOTED NO, INCLUDING
SOME CALIFORNIANS, AND GETTING A
TAX BILL THROUGH THE SENATE IS
EXPECTED TO BE MUCH TOUGHER.
HOUSE REPUBLICANS ARE
RELISHING IN A MUCH-NEEDED WIN,
FULL SCALE TAX OVERHAUL.
POWERS OF THE STATUS QUO IN
THIS TOWN ARE SO STRONG, YET 227
MEN AND WOMEN OF THIS CONGRESS
BROKE THROUGH THAT TODAY.
PRESIDENT TRUMP IS ON CAPITOL
HILL TAKING A PRE-VICTORY
VICTORY LAP.
AFTER THE VOTE HE TWEETED,
CONGRATULATIONS TO THE HOUSE OF
REPRESENTATIVES FOR PASSING THE
TAX CUTS AND JOBS ACT.
A BIG STEP TOWARD FULFILLING OUR
PROMISE TO DELIVER HISTORIC TAX
CUTS FOR THE AMERICAN PEOPLE BY
THE END OF THE YEAR.
THE LEGISLATION WOULD/THE
CORPORATE TAX RATE, REDUCE THE
NUMBER OF TAX BRACKETS AND
SIMPLIFY THE CODE.
EVERY DEMOCRAT VOTED NO.
THIS TAX SCAM WILL CREATE
JOBS.
IT WON'T RAISE WAGES.
IT WILL STEAL THE COFFERS OF THE
DONORS AND THE FATCATS.
REPORTER: A HANDFUL OF
REPUBLICANS OPPOSED RAISING
STATE AND LOCAL TAXES AND VOTED
NO.
THREE OF THEM ARE FROM
CALIFORNIA.
DARRELL OF VISTA WHO BARELY
SURVIVED LAST ELECTION.
TOM OF ELK GROVE WHO PROPOSE THE
ELIMINATION OF STATE AND LOCAL
TAXES AND DANA ROHRBACHER OF
HUNTINGTON BEACH WHO HAS BEEN
HAMMERED OVER HIS RUSSIA
CONNECTIONS IN A DISTRICT THAT
WAS ONE BY HILLARY CLINTON IN
LAST YEAR'S PRESIDENTIAL RACE.
THESE ARE THE 11 REPUBLICAN
CONGRESS MEMBERS WHO VOTED YES
ON THE TAX REFORM PLAN DESPITE
POSSIBLE REPERCUSSIONS FOR THEM
IN THE MIDTERM ELECTIONS NEXT
YEAR.
ON THE SENATE SIDE, SIGNS OF
TROUBLE.
THEIR VERSION IS STILL IN THE
WORKS, ADDING A REPEAL OF THE
OBAMACARE INDIVIDUAL MANDATE
WHICH SUPPORTERS THEY BRING A
$338 BILLION SAVINGS.
ONE REPUBLICAN ALREADY SAYS HE'S
NOT ON BOARD AND OTHERS ARE
STILL ON THE FENCE.
I'M NOT FOR THE CURRENT
VERSION.
WHAT I WANT TO SEE IS THE
INFORMATION APPROVED THE KIND OF
ECONOMIC GROWTH WE ARE GOING TO
GET WITH ALL OF OUR TAX
REVISION.
BACK OF SENATE MAJORITY
LEADER MITCH MCCONNELL LITTLE
WIGGLE ROOM AS HE CAN AFFORD TO
LOSE ONLY ONE MORE REPUBLICAN
VOTE AND STILL PASS THE BILL.
THE ANGRY EXCHANGE ON THE SENATE
TAX BILL WERE FUELED IN PART BY
A NEW REPORT THURSDAY FROM THE
JOINT COMMITTEE ON TAXATION.
IT ESTIMATES MANY LOW INCOME
EARNERS, THOSE MAKING 30,000
DOLLARS OR LESS MAY ACTUALLY PAY
HIGHER TAXES STARTING IN 2021
WHILE THE BIG CORPORATIONS WOULD
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GOP Tax Plans Closer To Approval

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