she did not receive one pinocchio, or two, or even three pinocchios, she received four pinocchios on that statement, that's the most you can get. if i may, i wanted to do the research. i wanted to look, is this bill, tax bill, good for all of america and especially because i want you enthusiastic about it, i looked at the -- at maryland's fifth. . currently in the fifth of maryland congressional district, 47% of the filers in maryland take the standard deduction. so not only will they be better off, it will actually double and they will see their increase in their pay day one, january 1. another 11% have itemized deductions. that's less than our new higher standard deduction, so they'll also save more money, not to mention the time and confusion won't have to itemize. at means before we even look at lowering tax rates, 58% of my friends' district is better off on day one. now, how about the medium family of four? a medium family of four in maryland's fifth congressional district earns $123,000. for the at lowering tax rates, 58% of my friends' district is better off on day one. 20% o

they didn't get one pinocchio, to pinocchio or through pinocchio, the democrats got four pinocchio. >i hear you. it is the tax cut going to be retroactive for all of 2016? >> it's not going to be retroactive for 2016. this will be going forward, but there is one element that will be retroactive to september 27, and that is 100% expensing for business. business can make that expensing now, buying that new manufacturing. >> martha: they will do it at the higher rate and the argument is that that will be better for them. one more question, corporate tax rates going to 20%, is that going to be stretched out over the next couple of years? or is that going to be effective as of this 2017 tax year? >> we currently have that it goes into effect, and the one thing people have to think on his corporate rates, they had a static amount, 4,000 more dollars to household -- >> martha: you just that we have it in right now, so i mean that means that when the senate has it there some wiggle room. >> i think the senate may have a different version, they will come out tomorrow. we will move this bill ou

and then pinocchio from the "washington post" and we did find the pinocchio reference. claim he's referring to, republicans flooding our inbox with it. a claim democrats made about middle class families making less than $86,000 a year facing a tax plan. that had nothing to do with how the tax plan could benefit the wealthy. simply working off the outline of the tax plan the congressman released to all of us. we'll be right back. s, switch to walgreens. we make it easy to seize the day, so you can get more out of life and medicare part d. just walk right in for savings that will be the highlight of your day. walgreens has $0 copays on select plans and 100 points on prescriptions. so, swing by and save today. walgreens, at the corner of happy & healthy. ♪ ♪ ♪ ♪ for those who know what they're really building. always unstoppable. >>> welcome back. so we've heard from both parties on theunveiled by republicans today. bring in our panel. stephanie deputy campaign manager and senior fellow from the national review institute. carol, start with you. you've got to be the neutral

"the washington post" has a pinocchio system, one pinocchio means that you are stretching the truth, four pinocchios means that you are not telling the truth. this claim on taxes being raised for middle-class families is four pinocchios. we are tying to help those who need it the most, those trying to pay the bills, struggling to go to school, struggling to actually pay the rent. this tax cut is about getting the economy back on track so that we can also drief up wages -- drive up wages. not only do we want to provide you with more money in your pocketbook and wallet at the end of the month by reducing your tax burden, we want to make it more likely that you're going to make more money, get a better job, and have more income at the end of this process, and i firmly believe that it will work. let's talk about the facts of this plan. the facts are we have to have tax relief. we have one of the highest corporate tax rates in the world. there's no way that the greatest economy that's ever existed should be one of the least welcoming to job growth. that's why we have to reduce the corpora

she did not receive one pinocchio, or two, or even three pinocchios, she received four pinocchios on that statement, that's the most you can get. if i may, i wanted to do the research. i wanted to look, is this bill, tax bill, good for all of america and especially because i want you enthusiastic about it, i looked at the -- at maryland's fifth. . currently in the fifth of maryland congressional district, 47% of the filers in maryland take the standard deduction. so not only will they be better off, it will actually double and they will see their increase in their pay day one, january 1. another 11% have itemized deductions. that's less than our new higher standard deduction, so they'll also save more money, not to mention the time and confusion won't have to itemize. at means before we even look at lowering tax rates, 58% of my friends' district is better off on day one. now, how about the medium family of four? a medium family of four in maryland's fifth congressional district earns $123,000. for the at lowering tax rates, 58% of my friends' district is better off on day one. 20% o

they gave them for pinocchio's on the fact-check.pread far and wide false claim that families making less than $86,000 on average will face a hefty tax cut. it's the opposite. most families in that income range negative tax cut. it will be about 97 million families getting tax cuts. that talking point saying they are getting a tax increase is false. he is a very narrow margin in the house and needs the votes to pass. it will be more of an uphill climb in the senate. so you have people like rand paul talking about the deficit. this is far from reality but this talking point really took a blow today. >> tucker: we appreciate you and the senate. thank you. our tech companies censoring politically conservative views, they are and we'll talk with someone who is experiencing it firsthand. there's rocket mortgage by quicken loans. apply simply. understand fully. mortgage confidently. i've always had that issue with the seeds getting under my denture. super poligrip free. it creates a seal of the dentures in my mouth. just a few dabs is clin

they will be raised across america a new washington post gives the democrats for pinocchio's. that they falsely claim at the tax plan will raise taxes for most working-class families. joining me now is jason davis. will the tax cut plan hurt middle-class families. that is just malpractice. they made up those talking points a couple of months ago. they've been beating the drum before they even read the bill. i was surprised that the top tax rate did not come down for middle-class americans and those who are earning less than a hundred thousand dollars a year this is a dramatic impact on their lives. it will save them money and it will be a huge win for the american people. they just can't believe that republicans are actually doing it. we've have a chance to go through the different facets. what he make all of over all of this. do you think it's a step in the right direction. i had been critical of the timing and the concern about how long it is taking but i think kevin brady and the host of people there they deserve a lot of credit. they have it scheduled haven't scheduled for

"the washington post's" fact checker gave schumer two pinocchios for that because this group would be going without insurance because they have to pay a fine. how would this not having an inindividual mandate throw people off of insurance? >> every other major country on earth guarantees health care to more people. what this does is 13 million more people would not have health insurance. if someone says i'm 25 years old and i'm healthy, i don't need health insurance. they get hit by businesses, and who's going to pick up the tap? you or i and all the other taxpayers in the united states. what you're going to see is premiums go up for everybody else by about 10%, because your pool of consumers will be older and sicker. our job is to join the rest of the industrialized world, guarantee health care to all people, end in absurdity of our country paying twice as much per capita as any other country, not have a situation where 13 million more americans don't have health insurance. >> you have weighed in on the allegations of your fellow congressman al franken to call for an ethics investiga

now even "the washington post" rebutted that giving it a four pinocchio rating saying it's a flat-outdo have questions about who they should listen to. facts are on our side and they will love the bill when they find out the details. >> well, that's the promise. now the bill goes to the senate. the math stays the same as it did for healthcare. it fell apart in the senate multiple times. seven u.s. senators on the fence or hard no's. how worried are you in the house that the senate will not deliver on this and come november the voters will hold everybody responsible? the feeling is different with this bill compared to the healthcare bill. >> really? >> we came together and agreed on a framework. and we know we have to get this done for the american people. too many people are hurting, living paycheck to paycheck, our jobs going overseas. it's time to bring the jobs back. i think we'll work out the details, improve the bill, but in the end, we'll get this done and we'll have this on the president's desk and the american people will have a very good christmas present. >> a lot of g.o.p.

schumer has made the indication multiple times, tax on the rich, even "the washington post" gave it 4 pinocchios. this is actually to middle income families. when nancy pelosi argues the bill was done in the dark, talk about the collusion for hillary clinton being the democrat nominee. we will find a pathway to push aside the rhetoric and earned democrats 'supports on the one legislation. the pathway is there are a couple of senators who have provided support for us, even they acknowledge that the corporate tax rate in america is so outdated that we are losing jobs overseas and they want to help bring those jobs back. >> dana: marc, you made my job easier. in the next block, we are going to talk about the dnc occur kerfuffle and is civil war over there. the 2016 election still haunting democrats after a stunning new accusation that the clinton campaign rig the primaries. can a party get out from hillary clinton's shadow. political strategist bruce millman joins me next. here's the story of green mountain coffee roasters sumatra reserve. let's go to sumatra. the coffee here is amazing. because th

so, first one they say their nose does look like pinocchio, it is bigger because your no, sir industrials flare out when they are telling you not the truth and it looks largest. it twitches when he is lying. >> your nose twitches. >> yes. >> another one is your head, are you looking to the right and are you looking toward the door. are you trying to get out. creative side of your brain, do you look to the right. >> okay. >> generic footage of couples with no head. so let's demonstrate what you are talking about. >> you demonstrate. you say it. >> your nose gets bigger. >> i did not go to the strip club. >> okay. >> what was the next one. >> looking to the right. >> he looks to you normally because that is normal way he looks. >> yes. >> so, when you are looking to the right because you are using creative side of your brain. you are making up stuff. you are telling the truth you would be turning this way. >> yeah. >> yes, exactly. >> so they blink more often and then for longer. >> yes. >> because they are trying to give them kind of think to make up the lie. >> i, i was driving by, and i

the truth is, i think "the washington post" or one of 0 the media called that claim, gave it four pinocchios. it's not true when you look at this. what i'm hopeful -- they're moderate democrats, centrist democrats that given time i think will not defend the status quo. they're saying the same jobs leave the country as we are. i believe we can gain democrats, we'll work to do that. i know this. i would hate to be standing there saying what we have for tax code is just fine because it's not. >> neil: i think of the hoops that you and your colleagues went through to try to prove that this wouldn't be a boon to the rich or whatever the argument was, for keeping the other provisions in there. the understanding that maybe you would corral some democratic votes. that might still happen. doesn't look likely. you think you wasted your time? >> no, i don't. this is time well-spent. our democrats have good ideas. they stayed at the table, talked to us. so i think it's early for them. we're going to keep the door open, keep discussing with them. all i know is this: this -- the growth we've had for ten y

the washington post gave four pinocchios to that claim and the committee for responsible federal budget says the gop plan would be the eighth largest tax cut since 1918. we're almost all the way over on this scale, on this spectrum, all the way over to lie, that's the most controversial piece of this. people debate when is he lying and when is he not? this is from the new york times just in this morning's paper. apparently the president is casting doubt on the voracity of the access hollywood tape which he previously admitted was real. quoting the reporting here, he suggested to a senator earlier this year it was not authentic and he repeated that claim to an adviser more recently. that is a peculiar kind of lie, lying to yourself. let's talk through this spectrum and the weekend's news, olivia nuzzi, john avlon and joanne lippman. the access hollywood revelation is fascinating. the new york times shared this overnight. makes me wonder what the president is saying in private and whether he actually believes these things. to me, that's a lie no matter what. we all know the tape is a real

. >> and so if i have -- it's like pinocchio.g becomes a real boy. >> seth: right. >> everything works out. >> seth: yeah. >> it's great. >> seth: that's great. you know my wife. do you think this will be a tough sell? >> well -- >> we have one advantage. >> right. >> she is big on the "a." i know it's going to be an "a" name. >> seth: yeah. >> right. >> seth: can i tell you the fact that it's been five of our dogs' names has eliminated it from -- [ laughter ] >> you can tell us that. but it doesn't mean we have to stop hoping for it. >> that's true. >> and by the way, i have another son, who knows, someday, if that doesn't work out -- >> seth: hypothetically if you had a child would albert be eliminated as a possibility? >> albert was my name in her french class. >> that's right. >> i think it's a great name. >> it is a great name. >> hillary's voting for bruce by the way. >> seth: so i want to ask about this. because right now, you know, ashe is still young so it's hard to tell what he's inherited from me and what not. dad, wou

they did a fact-check and gave it four pinocchios. here's what they set about hearticle. in their haste to condemn the g.o.p. tax plan, democrats have spread far and wide the false claim that families making less than $86,000 on average will face a hefty tax hike. actually, it is the opposite. most families in that income range would get a tax cut. in fact, we have run the numbers, about 97 million families will end up getting a tax cut. that talking point, saying of the middle-class is getting a tax increase, is completely false. that gives the president a boost. however, he has a very narrow margin in the house. very few votes to spare to get this passed. as you know, even more of an uphill climb in the senate because they cannot repeal and replace obamacare. you will have people like rand paul and john mccain talking a by the the deficit. bob corker. this is far from reality. this talking point that is going to hurt the middle class, really took a post today. >> tucker: a code to change completely in the senate. that is why we are speaking to steve mnuchin. good to see

i'd better say think otherwise they'll give me a pinocchio. i think with few exceptions no president has done anywhere near what we've done in his first six months. i will say that never has there been a president, with few exception accident in the case of fdr he had a major depression to handle, who has passed more legislation, who has done more things than what we've done. i think we've been about as active as you can possibly be and at a just about record setting pace. >> that brings us to our lead-off panel on a wednesday night. wall street journal white house reporter eli stocky else is back with us. npr white house correspondent tamara keith back with us. also returning to this studio, charlie sykes. long time conservative radio talk show host and author of how the right lost its mind. so all the folks looking around television networks tonight saying who wrote the book on it? he's sitting right here with us. charlie, you get the first question. you did write the book on this. what happened last night? >> what happened last night is app

it gave this claim four pinocchios, which we all know is their highest acclaimed number against a falsity. that's the worst rating you can get on their fact checking. "the washington post" full ruling said, and i quote, democrats have spread the false claim that families will face a hefty tax hike. actually, it's the opposite. most families in that income range would indeed get a tax cut. any democrat who spread this claim should delete their tweets and make clear they were in error. that's "the washington post," mr. president. at least one statement making this claim is still up, and i haven't seen a similar statement admitting error. these are but a couple of examples, mr. president. there are many more. house minority leader, just as one last example, house leader pelosi has called changing the tax code a ponzi scheme. virtually every democrat has called it a betrayal of the middle class. clearly, the facts do not back up these claims. the minority party is doing all it can to stop us from getting this done this year because it makes good politics somehow. that's the only explanation i

but the fact checkers gave him not one, not two, not even you the most pinocchios can give for that lie. every honest person sees this as a tax cut for hard-working americans. this bill increases the child tax credit, increases the standard deduction, increases wages and is already bringing back jobs to america. $55,000 an the first average family of four earns ill not face a single penny of income tax, not a single penny. so what are these party leaders defending by their opposition? it's not the people. after all, there is not a single person i have ever met in this nation that wants higher rates, lower wages, fewer jobs and a more complicated tax code. no. they aren't defending the people. they are defending loopholes for the special interests, corporate welfare and carveouts for lobbyists. they are defending the abusive tactic of the status quo in the i.r.s. you know what i find most absurd? they are spending. they have made it their mission to increase taxes on our fellow citizens. and my friends on the other side of the aisle, they have the audacity to call this a tax increase. in

. >> gave them pinocchio four pinocchios. >> yesterday i endured some will see taxes go up. >> if youou can, i can't say at the end of the day, because we eliminate so many loopholes somehow you won't but i can say this, on the very first day if january 1, everybody is getting a pay raise you know your first 24,000 dollars is tax-free, so what you need to do in january is check your check. because what is going to happen your would you agree holdings better more home people argue what is happening 1.2 million, i am concerned about what is going to happen to single mom make 30g,000 dollars a year, she is going to get money back, or small business owner, first business when 20 i know how difficult it is, you are going to get lowest rate you had since before world war ii going to create jobs. >> more with majority leader kevin mccarthy historic moment in time tax reform. back in a moment. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. maria: welcome back happy friday everybody thanks for joining us. i'm maria bartiromo, it is friday,

"the washington post" factchecker gave that claim four pinocchios.l say what i said to secretary mnuchin, shouldn't be honest when debating this issue? >> absolutely. we know the wealthiest americans are going to get a definite long-term permanent tax cut. under both plans, the house and senate, the estate tax, alternative minimum plans will be permanently reduced. when it comes to working families, it's a mixed bag. in my state of illinois, it's going to be devastating that they cannot deduct their state and local and property taxes that they pay. they'll be paying a tax on a tax. this is not a tax break for them and violates the basic. there's a reason this plan has been prepared in secret, why it's not being scored by cbo as it does traditionally, because it doesn't add up. the only way republicans can make it add up is by cutting medicare by $473 billion and medicaid by $1 trillion. that is not the way to deal with this economy and to build real growth. >> you're the senate democratic whip, your job is to count the votes. do you have commitments

look what "the washington post" said yesterday, gave democrats four pinocchios and take down the textsy're lying. stuart: great to interview with you. you have short sound bite responses. i'm used to conversation. i don't get it to you. thanks for being on the show. >> my pleasure. stuart: gary cohn, you're all right. i want to bring in brian wesbury, first trust advisors chief economist. brian, your reaction to what gary cohn was saying. i know you're listening. your reaction, sir. >> when you put together deregulation which already happened, a budget that is actually growing spending for the u.s., slower than gdp and these tax cuts i think u.s. is going to see growth rates of about 1% higher than what we've been used over the last eight or nine years. stuart: wait a minute. 2% growth over last eight years. >> we're headed to 3%. stuart: you have roughly 3% now. >> last quarter. growth is picking up a little bit. i think we'll go to three to 3 1/2%. net effect of this tax cut and other things that the white house is doing, is going to be boost growth by 1%. one of the reasons that thi

chairman, i want to offer the washington post article, the four pinocchio's that indicate senate democrats falsely claim gop plan will raise taxes for most working-class families. democrat in favor should delete to tweet and make clear that was an error. >> thank you. we are sending a very clear message to those of you who defend the status quo, those who love this complexity, who crave their special tax breaks, who relish the fact that washington has the first claim over your dollars, to the families. as a person, your days are over. americans deserve a new tax code for a new era of text -- of prosperity. today we deliver. the question is on the green. all those in favor, signified by ip or those who oppose, no. the eyes have it. a roll call is requested. >> mr. johnson. >> mr. nunez. mr. nunez, i. >> mr. t berry. >> mr. rikers, i. >> mr. buchanan, i. >> mr. smith, i. >> ms. jenkins, i. merchant,lson, mr. miss class i. >> mr. reed, i. mr. kelly, i. mr. nason, i. mr. meehan, i. mr. holding, i. mr. smith, yes. mr. rice, yes. aye.tryker, ms. malala skate, yes. mr. bishop, yes. mr. neil, no.

ainsley: gives it four pinocchios. democrats a number of them say the rates will be massed on middle class, casey, murphy all claim people making less than $86,000 will face a tax cut. according to "the washington post" it is a opposite. most families in that income range would get a tax cut. abby: that's what democrats have been tweeting. the democrats should actually delete those tweets. refreshing to hear from the democrats say we were wrong. we shouldn't have been saying that. that was factually incorrect. rob: they can start saying something like that and be consistent for months, even though it might not be the case. they can say we have been saying this for months. if you talk slow enough, maybe it disunts matter if it's the truth. steve: they will say it's a tax cut for the rich, but you look at it, it clearly is a tax cut for the middle class. that's the most number of people who are going to be impacted. abby: we have great guests on today to better help explain it including kevin mccarthy. steve: and kevin b

renacci: i ask unanimous consent to offer in the record the "washington post" article the four pinocchios that senate democrats falsely claim g.o.p. plan will raise taxes for most working class families. it says any democrat should delete the tweets and make clear they are in error. mr. brady: without objection. so today we are sending a very clear message to those of you who defend the status quo, to those who love this complexity, who crave their special tax breaks, who relish the fact that washington has the first claim over your dollars as a family, as a person, your days are over. americans deserve a new tax code for a new era of prosperity, and today we deliver. the question is on agreeing to the brady amendment. all those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. a roll call is requested. the clerk will call the roll. the clerk: mr. johnson. mr. johnson aye. mr. nunes aye. mr. tiberi aye. mr. reichert aye. mr. roskam aye. mr. buchanan aye. mr. smith of nebraska. mr. smith aye. ms. jenkins aye. mr. paulsen aye. mr. marchant aye. mrs. black a

rees in ay: i ask unanimous consent to offer in the record the "washington post" article the four pinocchios that senate falsely claim g.o.p. plan will raise taxes for most working class families. it says any democrat should delete the tweets and make clear they are in error. mr. brady: without objection. so today we are sending a very clear message to those of you who defend the status quo, to those who love this complexity, who crave their special tax breaks, who relish the fact that washington has the first claim over your dollars as a family, as a person, your days are over. americans deserve a new tax code for a new era of prosperity, and today we i.t.a. deliver. the question is on agreeing to the brady amendment. all those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. a roll call is requested. he clerk will call the roll. the clerk: mr. johnson. mr. johnson aye. mr. nunes aye. mr. tiberi aye. mr. reichert aye. mr. roskam aye. mr. buchanan aye. mr. smith of nebraska. mr. smith aye. ms. jenkins aye. mr. paulsen aye. mr. marchant aye. mrs. black aye.

i think this distribution table shows that the speaker's statements deserve four pinocchios because these tables show very much that that isn't true. look at table five. and look at 2027, if you would. i think it shows that those making a million dollars and more, for them, there would be a cut of $36.617 billion, is that correct? >> yes, sir, the entry on the far left-hand column bottom. >> do you know how many taxpayers are making over $1 million on average, how much they would receive? >> i have not computed. our projection for a number of tax filing units over $1 million in 2027 is 629,000 tax filing units. >> which everybody could just do the math on that. if you compare 36 million to those between $20,000 and $50,000, that 36 totally overshadows. so i hope others will ask about pass-throughs because as we discussed earlier, pass-throughs go mainly to wealthy people. >> thank you. >> over 40% of people making over a million dollars. >> your time has expired. according to analysis of the tax cuts and jobs act, you know, if you're a married couple with two kids earning $59,000, that's

neil: you can't get any more pinocchios than that. >> translated, that means blatant damn lie in washingtonnguage. [laughter] so that's most important. in terms of the deduction for state and local taxes, i think that taking that provision, leaving it as it is to create a situation where some states subsidize others takes away the ability for the states to be the laboratories of the nation, and it incents the democrat-controlled, high-tax states to continue to do that. if people really want to help lower the taxes in their state, they need to embrace this plan because it puts pressure on the states whether they're democrat or republican to reduce those taxes so that they can compete with other states. that's good policy. neil: all right. you might be right. a lot of those states come back though, congressman, and say, you know, even in the high-tax states they end up, you know, giving a lot more to washington than they ever get back. we could argue that til the cows come home -- >> true enough, but they'll get more back under this plan than they did before. neil: down the road, that's what

that's why i said that i thought that the speaker's statement that i read deserved a rating of four pinocchios, and i think the same is true of the president. who said we will cut taxes for middle class families. this is a major, major tax cut. the tax cuts overwhelmingly go to the very wealthy, and you have compared to that very small cuts for everybody else. and they talk about special interest. the main special interest in this bill are the very wealthy. >> mr. reed -- >> mr. chairman. if i in reference to the documents that mr. levin referenced. i have delivered to every member of the committee later this afternoon, some analysis of the alternative minimum tax that he was referencing and the chart he was talking about income reported on schedules c and e. >> and it would help to go to the media too. >> i move to strike the last word. >> my good friend mr. higgins of new york, who truly is a good friend, and i truly mean that mr. higgins, there was some confusion when i heard his questioning of you, and what i wanted to clarify, and i hear this quite a bit when i'm traveling around my distr

distribution table shows the speaker is -- the speaker's statements are rated, it deserves four pinocchios. the research shows that is not true. look at table five. and look at 2027 if you would. those makingows $1 million and more, for them 36 pointld be a cut of 36.617. do you know how many taxpayers irma -- are making over $1 million, on average much they would receive? the computation is 629,000 tax filing units. mr. levin: higher jerry buddy to do the math on that and if you 36 billionscompared to those between $20,000 and $50,000, that 36 totally overshadows. i hope others will ask about pastors. as we discussed earlier, pass-throughs go mainly to wealthy people. over $1 million. chair: the time is expired. according to analysis of the tax cuts and jobs act, if you are a married couple with two over $1. kids, earning 59 thousand dollars, that is the median throughout america. you owe almost $1600 in income tax. under the tax cuts and jobs act you will only go about $400. that is a 75% cut in your taxes. as i look at your distribution, it appears that kids, those in the $50,000 to $75

but the fact checkers gave him not one, not two, not even you the most pinocchios can give for that lie. every honest person sees this as a tax cut for hard-working americans. this bill increases the child tax credit, increases the standard deduction, increases wages and is already bringing back jobs to america. $55,000 an the first average family of four earns ill not face a single penny of income tax, not a single penny. so what are these party leaders defending by their opposition? it's not the people. after all, there is not a single person i have ever met in this nation that wants higher rates, lower wages, fewer jobs and a more complicated tax code. no. they aren't defending the people. they are defending loopholes for the special interests, corporate welfare and carveouts for lobbyists. they are defending the abusive tactic of the status quo in the i.r.s. you know what i find most absurd? they are spending. they have made it their mission to increase taxes on our fellow citizens. and my friends on the other side of the aisle, they have the audacity to call this a tax increase. in

you know, they started off this is tax cuts for the rich, and they got four pinocchios from the washingtonmes. they know this is good for middle class families doubling the deduction so the first $24,000 you make is tax-free is a real big win for middle class families, and we have a lot of other good provisions in there for families for people that work two or three jobs so that they can actually get to be part of the american dream and middle class and bringing those jobs back to america is going to be a real important to see. and, look, i love ireland, i love canada. i'm just tired of seeing tens of thousands of our best jobs go to those countries. let's bring them back. steve: well, you passed it in the house and now the senate is working on things. steve scalise, thank you very much. ainsley: real quickly. yes or no are we going to see this thing before christmas? >> this will get on president trump's desk. he'll sign it, and you will see economic growth and job creation in this country like we've never seen in decades. it's going to be great for america. this is how you make america g

i think this distribution table shows that the speaker as statements are rated deserves for pinocchio's because these tables show very much that isn't true. look at t table five and a lookt 2027 if you would. i think. it shows that those making a million dollars and more, for then there were via cut of 36 -- >> just come in the entry in the far left-hand column. >> do you know how many taxpayers are making over a million, on average how much they would receive? >> our projection for a number of tax filing unit over $1 million in 2027 is 629,000 tax filing units. >> i urge everybody to just do the math and if you compare 36 billion to those between 20 and $50,000, and that totally overshadows. i hope others will ask about packers becausead as we discussd earlier, pastors go mainly to wealthier people. making over a million dollars. >> the terms expired. >> mr. barthold, according to the analysis of tax cuts, a few were a married couple with two kids earning $59,000, that's the median throughout america, almost $1600 in income taxes. under the tax cuts in jobs act, only al about $400. tha

even saw what we were putting out before we released the bills the washington post gives them poor pinocchiosortant for our country, and it's -- >> it's important for you as investors and market watchers and economists do you think that if this plan goes into effect that it will actually create tremendous wage growth and employment. >> no, i don't i think the economy is in good shape as it is right now and doing pretty well on the employment front i don't think the tax package would hurt i just don't think it helps as much as propponents say. >> for people that own stocks, you know, pension plans, and workers that have investments and the dividend goes up how do we stop that? >> i mean, to -- >> it's dripping >> what can we do? what if these companies start doing much better? i mean, what if the profits grow what if they get higher profits from this? what are you going to do about that we got to somehow -- >> you're not going to do anything about that. the point is to direct it to new investment and new hiring than putting it into dividends and buy backs. >> short of wage price controls, that

that is why i said i thought the speaker statement that i read deserved a rating of four pinocchio's. the same is true of the cutident who said we will taxes for middle-class families. this is a major tax cut. the major tax cuts in this bill overwhelmingly go to very -- they talk about special interests. the main special interests in this bill of the very wealthy. reference toan, in the documents that mr. levin referenced, i will have delivered to every member of the committee later on this afternoon. chart that he was referring to on schedule c and d are dowell have that delivered later. >> excellent. and to the media also. >> i move to strike the last word. >> my friend mr. higgins from new york, i sincerely mean that. confusion when i you. his questioning of what i wanted to clarify, because i hear this quite a bit and it deals with the state and local tax deduction and the loss -- deductions are different than credits. deductions are a partial reduction in your overall tax liability. if you lose the income tax deduction of $9,000, that doesn't mean you get a dollar for dollar redu

glenn giving him four pinocchios in the test, writing if anyone believes this line, we have a bridgen brooklyn available. glenn kessler taking up how this tax bill would affect what we do know about the president's taxes, although noting that we have very little information to go on on that point. but he said when you add it up, trump would have saved $4 million on his 2005 taxes under the house bill and $35.1 million under the senate bill, a big part of the savings is from the elimination of the alternative minimum tax, and, of course, we don't know how often he was subject to it. but the fact that the president -- the fact that the president has refused to release his tax returns should not allow him to make claims about his taxes without offering documented proof. the information that we do have, that partial 2005 return, shows his claim of losing a fortune on the tax bill is poppycock. host: this is front royal, virginia, republican line. caller: hell snow host: hi. you're on. caller: listen, i got to turn down my radio. host: we appreciate it, thank you. caller: wait, wait, wait