Detailed text transcripts for TV channel - FOXNEWS - 20190119:16:29:00
There were so many deductions, so 90% tax back then was actually 30% when they took the deductions. neil: why did we bother lowering it? >> that's exactly the point that jfk made. he said-- 'cause he was a great supply side tax cutter. neil: he wanted from 90 plus to 70% and came into effect after he died. >> and he said the more we lower tax rates, the larger the income for the government will actually be and he was exactly right. the same argument that ronald reagan made. so ocasio-cortez, please look at the numbers. when there was a 90% tax rate the top 1% were paying 30%. neil: i think it'...