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So there are a lot of moving pieces within the bill to get to the trillion and a half dollars, so you have to look at the bill in its entirety. you can't just say oh, it's x or it's y. it's a combination of everything that gets us to that trillion and a half dollars. >> maria: i understand that because the 20% corporate rate is going to impact everybody. you hope it moves the needle on economic growth. the elimination of the amt, you hope will hit a lot of people but the fact remains when you eliminate the state and local income tax deduction, i'm getting a tax increase. if you're in new york,...

Expenses to begin with and as far as the amt, the fact is that three times more people take the real estate income tax deduction than are hit by the amt, so that won't help them at all and also this is like a class warfare. i mean was john kennedy and ronald reagan who said that a rising tide lifts all boats. since when did republicans become the party of class warfare? we're falling into this democratic trap so we're going to tax the rich but if you look at it, they're determining the rich to be hard working, middle and upper middle income people and yes, a family may be making over $400,000 ...

Of the state income tax deduction, plus the individual exemption and those tax exemptions, they have been there those tax deductions have been there since 1913. >> maria: right. i just wish they wouldn't call it the greatest american tax cut in history, when we know that so many people are actually getting a tax increase. now congressman, i asked treasury secretary steven mnuchin about this and i basically said what you just said that new york gives $48 billion more to the federal government than it gets back and new york is getting a tax increase. here is what he said listen to this. >> steve...

Nonchild dependents and spouse. and 401(k) plans will be left alone. who are the winners and losers? corporations are the big winners. it lowers from 35% to 20%. the ultra-rich. it doubles the exemption to $10 million. the bill repeels therepeals the amt. one of the problems with that provision. as for the losers, people who live in high-tax states, california, new york, new jersey, no more state and local tax deductions and they can only deduct property tax up to $10,000. home build stocks tanked yesterday. the mortgage interest deduction is cut in half to $500,000. a lot of other changes to