Distribution Chart News Today

Call the distribution chart, when that comes out in the cbo scoring. and it shows you how a tax bill will affect the various income classes. and when i think of all the distribution charts that you and have i seen, its always been try to make sure that the impact is being -- the benefits are chiefly on the bottom half of that distribution chart. and youre looking to minimize the benefits as you go up in income. it seems like they simply reversed all of those distribution charts that youve used i...

Try to make sure that the impact is being -- the benefits are chiefly on the bottom half of that distribution chart. and youre looking to minimize the benefits as you go up in income. it seems like they simply reversed all of those distribution charts that youve used in the democratic administrations. >> yeah. i mean, its shocking. when you look when the senate bill is fully implemented, people in the top 1/10 of 1%, those making over $5 million have a $200,000 tax cut. and yet 82 million americ...

Tax cut plan, and every moment you know more about it you realize the tens of millions of middle class americans are going to see their taxes increase. and i think theyre trying to rush this, lawrence, so that nobody knows what is really in the bill by the time it passes. but ill tell you, what these republican members of congress need to remember sits possible to rush it so the public doesnt understand it. by the time you vote. but people will understand it by the time they vote in 2018. and i ...

Republicans did this kind of massive tax cuts, president george w. bush actually took the bottom tax bracket down and it was 15% and he took it down to 10% which was politically a brilliant stroke because it helped what they call the distribution chart who benefits by how much over the income ranges. to see the bottom tax bracket actually increase is really a stunning tone deaf note thats in this plan. >> well, almost everything this administration does is politically tone deaf. the problem they...

Absolutely nothing. there is just massive rewards as you go up that income scale. one more thing about that, as you know, adam, youve seen what people hand out when they hand out real tax plans. the so-called distribution chart that accompanies all real tax legislation. and even at the memo level in washington. and the distribution chart is the part that says this is how it will affect the different classes of taxpayers based on income. here is how much money will go to the various taxpayers. he...

The so-called distribution chart that accompanies all real tax legislation. and even at the memo level in washington. and the distribution chart is the part that says this is how it will affect the different classes of taxpayers based on income. here is how much money will go to the various taxpayers. here is how much will be taken from the various taxpayers in this thing there is not each a hint that of here. >> no. i think people are being very generous in calling this a plan. its talking poin...

Tax rates they will go crazy. instead of 10% and then 15%, its going to be 12% and then more than double to 25%. im sorry. this is a middle class tax cut? they didnt give us numbers on where they apply but saying $24,000 of income for a married couple, you wont pay tax on it. you wont pay any on 19,000 and not much of a shift. this is, lawrence, absolutely a massive giveaway program for donald trump and had it been in effect the year i got the tax return for, 2005, it would be an 85% reduction i...