Detailed text transcripts for TV channel - FOXNEWS - 20171227:00:22:00
Get 4.5% of the benefit of the tax cut bill when you look at the individual taxes. 45% of filers who are between 40,200,000 income, basically the middle class, they pay about 38% of the taxes today. they get 52% of the tax code. most of the tax cut flows to them. at the top, the top 5% who pays 60% of the tax burden, 59.9% today, they give 44% of the tax cut. this is geared more towards the middle class. the people in the middle class get two times the benefit of the top 5% and three times the benefit of the top 1%. speak out this was one of my concerns about the whole thing because people pay...