Detailed text transcripts for TV channel - CNN - 20171202:14:19:00
Instead of islands. there are tertiary and secondary of income taxes, payroll taxing, medicare, medicaid taxes, excise taxes, tariffs. all of those will come in. and then the biggest killer of all which shows them completely wrong is that state and local taxes are going to rise enormously even though there's no change in the tax rates at the state and local levels. it's just a huge, huge windfall for tax revenues, frankly, over a ten-year period. >> the president was similarly touting that the corporate tax rate will tumble from 25%, maybe it will go maybe he said this morning at 22%. the econ...