Transcripts for CNN At This Hour With Berman and Bolduan 201

CNN At This Hour With Berman and Bolduan September 28, 2015 15:11:00

the new lower tax rate on business income. the tax rate now is so low that a lot of these deductions, which are complicated, which don't make sense and which are unfair, are gone. and we phase in a reasonable cap on the deductibility of the business interest expense. so, we are going to give you -- we have a very complex set of papers that actually, if you know business, is not so complex. we're going to hand them out right now to the press. and i think you'll see, we have an amazing code. it will be simple. it will be easy. it will be fair. it's graduated. as you get up in income, you pay a little more. some of the very unfair deductions that certain people have been given who make a lot of money will not be available any longer. but i actually believe they'll do better because i think the

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