Page 21 - Tax Decrease News Today : Breaking News, Live Updates & Top Stories | Vimarsana

If donald trump was handing them a billion dollars from trump tower--neil: we'll have to see that. >> it's going to be very marginal for them and then middle class people in high tax states are going to be homes. neil: adam what do you think of that you're in a pricey neck of the woods. >> indeed. charlie is exactly right and by the way, what happens with people's paychecks won't necessarily be the final say. what's more important for the people charlie's talking about is when they file their tax returns next year. they may or may not be seeing a tax decrease. they probably won't. neil: actual...

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...

Doesn't address any of those problems. and in fact, if anything, what it does is it drops the top tax brackett down. so to the extent they helped anyone here, they gave more to the super wealthy instead of trying to, for instance, raise the child tax credit or provide some tax relief to middle class earners. >> well, how will middle class earners see their paychecks change? >> well, what they're going to see in the first couple of years is a very minimal tax increase, which will then kind of scale up to a tax -- i'm sorry, they'll see a small middle class tax decrease and then they'll see an i...

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We done on the fund raising front. >> we have broken, because of him and because of you, we have broken every record in the history of the rnc post presidential. over $120 million. thank you. thank you. >> thank you. >> great job. rana has been outstanding. great job. we have a lot of folks that have helped us so much with the campaign. i'm going to talk to you about another campaign that we just finished last night. last night about 3 in the morning i got a call. a said call me. you can call me. it's the largest tax decrease in the history of our country by far. not even close. and by the way...