QA ONLY: Extending 2017 Tax Cuts and Jobs Act 02-11-25

0. ...today among America's families, farmers, small businesses?
https://youtu.be/6H3bygwlQQU?t=2297

1. ...thinking about starting a family or growing their family?
https://youtu.be/6H3bygwlQQU?t=2441

2. ...if Congress were to restore the 100% immediate expensing?
https://youtu.be/6H3bygwlQQU?t=2549

3. ...the Republican Party borrowed $3 trillion for the tax cut?
https://youtu.be/6H3bygwlQQU?t=2781

4. ...it, and then complain about the debt they already have?
https://youtu.be/6H3bygwlQQU?t=2840

5. ...credit expansion that the pandemic relief packages offered?
https://youtu.be/6H3bygwlQQU?t=2899

6. ...though it's a timing type issue? Is that your thought on it?
https://youtu.be/6H3bygwlQQU?t=3174

7. ...to that 43% bracket? But what's your thought on the 199?
https://youtu.be/6H3bygwlQQU?t=3254

8. ...like, perhaps, to an individual business or even beyond?
https://youtu.be/6H3bygwlQQU?t=3938

9. ...and what would happen if the Republicans, uh, repeal that?
https://youtu.be/6H3bygwlQQU?t=4229

10. ...credit and the section 45 ex of our manufacturing sector?
https://youtu.be/6H3bygwlQQU?t=4280

11. ...farmers, we take this tariff discussion off the table now.
https://youtu.be/6H3bygwlQQU?t=4311

12. ...how we had to bail out farmers because of those tariffs?
https://youtu.be/6H3bygwlQQU?t=4336

13. ...It sounds to me like you're raising a wonderful family?
https://youtu.be/6H3bygwlQQU?t=4609

14. ...help not only these families, but the economy as well?
https://youtu.be/6H3bygwlQQU?t=5534

15. ...cuts. Can you talk about what that would mean to businesses?
https://youtu.be/6H3bygwlQQU?t=5949

16. ...for a child tax credit that is not fully refundable?
https://youtu.be/6H3bygwlQQU?t=6197

17. ...the Tcga is going to actually widen that racial inequality?
https://youtu.be/6H3bygwlQQU?t=6323

18. ...can she answer that question, Mr. Chairman. Quickly, please?
https://youtu.be/6H3bygwlQQU?t=6680

19. ...more Americans. Can you talk a little bit about that?
https://youtu.be/6H3bygwlQQU?t=6975

20. ...in your business to support your employees and customers?
https://youtu.be/6H3bygwlQQU?t=7274

21. ...first trade proposals? Um, let me turn that one over to you.
https://youtu.be/6H3bygwlQQU?t=7505

22. ...you speak to how cutting IRS funding impacts the deficit?
https://youtu.be/6H3bygwlQQU?t=7608

23. ...way to support the smallest businesses in this country?
https://youtu.be/6H3bygwlQQU?t=8151

24. ...you don't think that 199 A is important at all to anybody?
https://youtu.be/6H3bygwlQQU?t=8297

25. ...For us to be one of the higher tax nations in the world?
https://youtu.be/6H3bygwlQQU?t=8438

26. ...nation in the world when it comes to global competitiveness?
https://youtu.be/6H3bygwlQQU?t=8473

27. ...deductions as compared to somebody that's got one person?
https://youtu.be/6H3bygwlQQU?t=8561

28. Um, do tax cuts pay for themselves?
https://youtu.be/6H3bygwlQQU?t=8747

29. ...all approximately in that $4.5 trillion range? Correct?
https://youtu.be/6H3bygwlQQU?t=8753

30. ...tariffs make goods less expensive for the American people?
https://youtu.be/6H3bygwlQQU?t=8851

31. ...admits the uncertainty from the Biden administration?
https://youtu.be/6H3bygwlQQU?t=9126

32. Mr. Duke, what percent do the top 10% pay in taxes?
https://youtu.be/6H3bygwlQQU?t=9244

33. ...things would you have to face if that were to occur in 2014?
https://youtu.be/6H3bygwlQQU?t=9355

34. ...making cars in the United States? Think about this policy.
https://youtu.be/6H3bygwlQQU?t=9737

35. ...to, to provide for their wages and benefits, if you will.
https://youtu.be/6H3bygwlQQU?t=9888

36. ...have done to your small business owners that you work with?
https://youtu.be/6H3bygwlQQU?t=9990

37. ...of the standard deduction and the benefit that it gave.
https://youtu.be/6H3bygwlQQU?t=10074

38. ...for themselves, ever. Do you wish to qualify that at all?
https://youtu.be/6H3bygwlQQU?t=10157

39. ...your family, and the importance of keeping that protected?
https://youtu.be/6H3bygwlQQU?t=10276

40. ...were to expire, how they, how they harm these very people.
https://youtu.be/6H3bygwlQQU?t=10328

41. ...comport with the notion of tax equity, uh, and tax fairness?
https://youtu.be/6H3bygwlQQU?t=10587

42. ...or no? It wasn't the 199 eight. It helped you get equipment?
https://youtu.be/6H3bygwlQQU?t=10650

43. ...has a real world impact for your employees and customers?
https://youtu.be/6H3bygwlQQU?t=10852

44. ...and our employees of these family businesses impacted?
https://youtu.be/6H3bygwlQQU?t=10993

45. ...your business, and what would be the consequences of that?
https://youtu.be/6H3bygwlQQU?t=11383

46. ...out of poverty? So could you speak to that issue, please?
https://youtu.be/6H3bygwlQQU?t=11584

47. ...was paid out prior to the bill. Can you please describe why?
https://youtu.be/6H3bygwlQQU?t=11646

48. ...for the tax bill extensions. Would this problem get worse?
https://youtu.be/6H3bygwlQQU?t=11723

49. ...So I'm just curious, what do you consider a small business?
https://youtu.be/6H3bygwlQQU?t=11772

50. ...of this? Do you think that the 199 A actually helps them?
https://youtu.be/6H3bygwlQQU?t=11799

51. ...New Deal programs that are benefiting China. Am I correct?
https://youtu.be/6H3bygwlQQU?t=11855

52. ...renew the president's tax cuts? President Trump's tax cuts.
https://youtu.be/6H3bygwlQQU?t=12016

53. ...that, how it affects you and what compliance looks like?
https://youtu.be/6H3bygwlQQU?t=12284

54. ...is to small businesses as an incentive and not a mandate?
https://youtu.be/6H3bygwlQQU?t=12396

55. ...to a family business of having too much of a debt burden?
https://youtu.be/6H3bygwlQQU?t=12497

56. ...of the United States? What the burden is at this point?
https://youtu.be/6H3bygwlQQU?t=12559

57. ...what kind of impact would that be on middle class families?
https://youtu.be/6H3bygwlQQU?t=12884

58. ...may have not benefited from Salt because of the AMT?
https://youtu.be/6H3bygwlQQU?t=12946

59. ...and then cap it so only certain incomes could qualify?
https://youtu.be/6H3bygwlQQU?t=13052

60. ...idea how a tax increase like that would impact your family?
https://youtu.be/6H3bygwlQQU?t=13292

61. ...have to grow to fully offset an extension of the Tcga?
https://youtu.be/6H3bygwlQQU?t=13545

62. ...credits in the IRA do to the ability to expand our economy?
https://youtu.be/6H3bygwlQQU?t=13597

63. ...residents and aluminum from the United Kingdom. Correct?
https://youtu.be/6H3bygwlQQU?t=13640

64. ...you want to pay for the TCA with those price increases?
https://youtu.be/6H3bygwlQQU?t=13692

65. ...families? And and would this have benefited your family?
https://youtu.be/6H3bygwlQQU?t=13872

66. ...and get that right off it? Anything to add to that?
https://youtu.be/6H3bygwlQQU?t=13980

67. Increasing and increasing of the threshold?
https://youtu.be/6H3bygwlQQU?t=14013

68. ...of work as a requirement for receiving the child tax credit?
https://youtu.be/6H3bygwlQQU?t=14224

69. ...go to people who are not here in this country legally?
https://youtu.be/6H3bygwlQQU?t=14300

70. ...who want to want to put solar panels on their roof? Uh?
https://youtu.be/6H3bygwlQQU?t=14336

71. ...than wealthy families, making more than $400,000 per year?
https://youtu.be/6H3bygwlQQU?t=14361

72. ...think we could afford these things that I just mentioned?
https://youtu.be/6H3bygwlQQU?t=14616

73. ...or will you guys capitulate like you did in December?
https://youtu.be/6H3bygwlQQU?t=14689

74. ...or local economies with high reliance on this deduction?
https://youtu.be/6H3bygwlQQU?t=14893

75. ...if these critical tax benefits are allowed to expire?
https://youtu.be/6H3bygwlQQU?t=15001

76. ...difference for the Marple household. Is that correct?
https://youtu.be/6H3bygwlQQU?t=15190

77. You must run a fortune 500 company. Is that correct?
https://youtu.be/6H3bygwlQQU?t=15202

78. It's $75,000? Is that correct? About right?
https://youtu.be/6H3bygwlQQU?t=15223

79. ...but yet it did. Was it a game changer for you, Miss Marple?
https://youtu.be/6H3bygwlQQU?t=15233

80. ...that, uh, your clients have done so well? Is that correct?
https://youtu.be/6H3bygwlQQU?t=15275

81. ...do a fortune 500 exclusively. Is that right, Miss Couch?
https://youtu.be/6H3bygwlQQU?t=15297

82. ...picture? Is that a scary question? What's going to happen?
https://youtu.be/6H3bygwlQQU?t=15335

83. ...on you? If you're having to pay a 43%, uh, income tax rate?
https://youtu.be/6H3bygwlQQU?t=15364

84. ...that predominantly benefit the wealthy, like 199 1998?
https://youtu.be/6H3bygwlQQU?t=15562

85. ...tax rate help small businesses and working families?
https://youtu.be/6H3bygwlQQU?t=15677

86. ...countries, especially countries like our adversary, China?
https://youtu.be/6H3bygwlQQU?t=15921

87. ...they save from reduced tax rates? Using section 199 eight.
https://youtu.be/6H3bygwlQQU?t=15985

88. ...or expand their production, or to create new jobs?
https://youtu.be/6H3bygwlQQU?t=16032

89. ...Miss Gallagher, you're are you an accountant, I think?
https://youtu.be/6H3bygwlQQU?t=16624

90. ...beneficial to a lot of people in the country at one time?
https://youtu.be/6H3bygwlQQU?t=16644

91. ...Do you think that helped a lot of families in America?
https://youtu.be/6H3bygwlQQU?t=16724

92. Um, where are you from, Miss Silver?
https://youtu.be/6H3bygwlQQU?t=16741