Detailed text transcripts for TV channel - CNN - 20171220:03:06:00
Would be a tax increase. >> how is that? how does it raise their taxes? >> how does it raise their taxes? you're a private equity guy you get a tax increase. the top rate guise from 39.6% to 37%. >> i get that but -- >> their state level income gets capped, their home is less valuable. they're going to feel poor. it creates a recession and not this boom in economic growth you're talking about. to say nothing of adding to huge national debt, increasing deficits, probably destroying our credit rating as a nation. thank you, stephen. >> look, there's nothing in this bill that raises taxes on the ...
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