Detailed text transcripts for TV channel - MSNBC - 20171207:12:42:00
Look, it's ironic that he said chuck and nancy want to raise taxes, for many in blue states, he's the one raising taxes. if you live in california, you're currently paying 13 .3% of state tax, and you have a total effective rate because you get the deduction on that against your federal, your top marginal rate for high wage earners is 47% 6%. if you eliminate it, it goes to 52.9%. >> every small business owner in california that makes a dollar of everything they make, they have to give $0.52 back to the government? >> well, a wage earner. this whole issue is small business, but someone who doe...