Detailed text transcripts for TV channel - CNN - 20171220:07:05:00
This is not a tax cut for 90% of the americans, this is a tax increase for anybody that makes money paying ordinary income taxes. maybe if you pay capital gains taxes, if you have a lot of partnership income, this could be a tax cut. for people who have a w-2, this is a tax increase. >> how? how is that? how does it raise their taxes? >> how doesn't it raise their taxes? cutting the -- if you're a private equity guy, you get a tax decrease -- >> no, no. >> the top rate goes from 39.6% to 37%. you've got capped on -- >> i get that. but how does it raise taxes for the middle class. >> anybody on...
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