tv Washington Journal Open Phones CSPAN February 2, 2024 11:48am-12:01pm EST
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again, we're not looking at what happened in the past. we're looking at what's going to happen in the future. >> we have to wrap up. thank you so much. >> thank you. appreciate it. [captions copyright national cable satellite corp. 2024] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> today, watch c-span's 2024 campaign trail, a weekly roundup of c-span's campaign coverage, providing a one-stop shop to figure out where candidates are traveling in the country, this, along with first-hand accounts from political reporters, updated poll numbers. watch c-span's 2024 campaign trail, today at 7:00 eastern on c-span, online at c-span.org, or download as a podcast at c-span now, a free mobile app. c-span, yourtered view of politics. >> last december, the colora
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supreme court ruled former president donald trump ineligible to appear o state's presidential ballot for violation of the u.s. tution's insurrection clause. thursday, the u.s. supreme court hears oral arguments in donald trump's appeal of that decision. we will have it live starting eastern, c-span.org -- and on c-span.org. >> welcome to today's "washington journal." we will start with and a people that asked about the fairness of taxes. taxes and here are the results. here is the question about how fair or unfair each of the following taxes are and these are broken up by different types of taxes starting with the federal social security tax. green is very or somewhat
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fair in the blue is unfair and overall 46-51 on the social security tax. when it shows by party republicans find taxes unfair the democrats and here is the state sales tax, state income tax and local property tax. at federal income tax 39 consider it fair, 60 unfair. a couple of more results how most do not understand how taxes are calculated in the question is do you consider the amount you pay too high, too low or just right? you will see the blue is too much or too high. the local federal income tax and
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local sales tax. we want to find out what you think about that but here's a look at the chairman of the house ways and means committee. he talked on wednesday about the provisions of the bill for businesses and low income families. [video clip] >> legislation locked in progrowth tax policies by ensuring three key provisions from president trump's tax reform that created jobs, raised workers wages and spurred economic growth at home. this has interested duct ability and a hundred percent expensing these will help american businesses grow, create jobs and
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sharpen their advantage against china this will create 70 billion in new rmd investment increase small business investment by 400 billion and generate 58 billion in take-home pay for american workers. american small businesses are being pummeled by high prices and interest rates. thises beyond the limit set in the 2017 tax reform and cuts paperthe irs form lastn eisenhower was president not home but this relief package also ensures we are standing with our key economic partners
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by ending double taxation ating in multiple countries. the child tax provisions establishes the 2017 tax reform that maintains work requirements and remove the penalty for families with multiple children it is pro-worker and profamily. host: that was on the house floor on wednesday about the tax bill that just passed the house and we are asking you this morning if you think the tax system is fair and the numbers are on your screen divided by income. this is by cbs news.com, who pays the most taxes? experts explain and it says tax day arrives on april 18 with the
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expected to file returns one group will pay the bulk of the nations individual income taxes it's designed to be progressive indicating higher income americans play a higher rate. because of the system of tax benefits and transfers such as taxpayer-funded programs the lowest earning americans receive more from the government than they pay an income taxes. even so the tax system has grown less progressive with tax in 2017 enacting tax
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cuts for the 81 percent between 1944-1981 compared to 37% for today. let's go to matthew choi, illinois. under 30,000. what do you think of the tax system? caller: for the most part is pretty fair. i do believe restructuring could be done but overall, it is pretty fair. the top earners do have a higher part of the distribution so i think it's pretty good. are you working? caller: i am not working i am looking for work. host: are you filing taxes this
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year? caller: yes. host: let's go to ralph in new york. caller: worker from upstate new york. the tax system is fair because it has one basic maxim it goes by a person's ability to pay. although the brackets are too wide. you go from 12% up to 22%. there should be a few brackets in between 12 and 22. more brackets for the wealthy. are you still there? when you talk about the child tax credit, it is not fair. the tax cut favored upper
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incomes if you file head of household they are filing jointly but up to 400,000 you are eligible for the tax credit but lower income still get the full child tax credit because they have no tax liability. one last thing when you do talk about national debt and the tax mention the tax gap in this country. host: he was talking about the brackets and this is axios the 20 for changes can lower taxes. there is a chart with marginal tax brackets for the 2024 tax year and you can see the rates on the side for individuals and these are for married couples
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against the legislation, including height of the significant amount of work by those on both sides of the aisle to reach agreement. my friends on ways and means. it is critical for job growth, for economic growth. critical for the well-being of our country. numerous businesses in texas and around the country. understanding the importance of provisions, interest provisions, research and development. unfortunately, as happens in this town, this legislation comes with provisions that the people i represent are tired of. it is provisions, continue to expand the welfare state, as the wall street journal editoriali
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