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Detailed text transcripts for TV channel - FOXNEWS - 20171227:00:22:00 - Vimarsana News

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...

Detailed text transcripts for TV channel - FOXNEWS - 20171227:00:21:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20171227:00:21:00

Suddenly, we got bernie sanders out there talking like he likes tax cuts. let's roll the tape, i want your reaction to this one. >> according to the tax policy center, next year, 91% of middle income americans will receive a tax cut, isn't that a good thing? >> it's a very good thing that's why we should have made the tax rates permanent. >> he wants tax cuts for anyone? >> he faces the reality. the reality is the republic and tax reform bill passed without a single democratic vote. it gives most of the benefit to the middle class, it gives the benefit to the people who make between $40,200,00...