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Tonight, president trump insisting that the republican tax plan will be bad for him and his wealthy friends. here he is. >> this is going cost me a fortune this thing. believe me. believe me. this is not good for me. me, it's not, i have some very wealthy friends. not so happy with me, but that's okay. i keep hearing schumer. this is for the wealthy. well, if it is, my friends don't know about it. >> president trump also made the case for the state tax, which could save his heirs about a billion dollars according to some estimates and more. if you believe his own estimates of his own net worth...

The president says it won't be wealthy people like himself. >> this is going to cost me a fortune, this thing. believe me. believe -- this is not good for me. me, it's not -- i have some very wealthy friends. not so happy with me, but that's okay. you know, i keep hearing schumer, this is for the wealthy, well if it is, my friends don't know about it. >> i've got an extensive fact check on that issue later in the show. but on all honesty, despite what the president is attempting to claim, no matter how you slice this, the gop tax plan is a big boom for the wealthy, specifically the trump famil...

Okay. you know, i keep hearing schumer. this is for the wealthy. well, if it is, my friends don't know about it. i have to explain why. now it is great for companies. because companies are going to bring back jobs. bring back jobs. and and we're lowering the rates. we're bringing the rates back. the highest industrialized nation in the world. by far. and we're bringing it all the way down to 20%. but that's good. that's good for everybody in the room whether you have a company or whether you want a job because we're going to bring back jobs. and what we've had is a massive giveaway to foreign ...

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