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Pair government care including illegal immigrants. the colmes of that is so astronomical to pay for it have you got to raise income tax rates through the roof. it will reach a top rate of 70%, all taxes included if you live in new york city. the result of that i would imagine would be a gross slowdown in your economy in that state and exodus of people leaving the state to get to places which have much lower tax rates. steve: sure, like texas and also florida. >> the thing -- have to make the point though, the democrats believe that this free healthcare is their best strategy for winning in nov...

Whatever gains they do see expires by 2026, while corporations receive a larger, permanent tax cut. problem number two -- >> the rich will not be gaining at all with this. >> it's not good for me. believe me. >> no, it will be great for him. the top rate drops to 37%, rewarding top earners with an average one-year break of $287,000. plus doubling the limit on estate tax exclusions only benefits the very rich. add that to the new tax cuts for pass-through businesses with large real estate holdings. sound familiar? the rich and trump make out like bandits. promise number three -- >> not only wil...

The economic growth that will lead to the wage growth, that will produce what they think will actually happen with the bill. a cut 35% to 21%. then you have past-through entities, small business entities like s corp. these are companies that paid their tax rates through individual side. that is a major tax cut. also the repeal of the corporate alternate minimum tax. that will be done as well. john, shift to the individual side. democrats have been attacking on the individual side a lot saying it doesn't do nearly enough. here's what the bill actually does. across the board the rates are actual...

First, republican leaders have been trying to sell the tax plan as a gift just in time for christmas. before today's vote, the top democrat in the house called it a scam. >> this is the worst bill to ever come to the floor of the house. with stiff competition for what some of the things they've tried to do. the worst bill in history. >> this bill favors the republican. the democrats are making that argument and it especially favors big corporations. here's what's in it. the plan slashes the tax rate for corporations from 35% to 21%. for individuals, the top rate drops from 40 -- 39.6 to 37%. t...

>> no republican senators and i can understand the perspective of other states. but new jersey is a sending state, not a receiving state. i think that has to be taken into consideration. >> in other words you send more to washington than you get back. mr. dent, i'm interested in your vote. you're giving up the congress, but you're voting pro-business. aren't you? >> well, yeah. i'm leaning yes. i'm still reviewing the bill. >> the top rate goes from 39.6 down to 37. that's a huge bundle of money for wealthy people. if you make in the millions, these are $100,000 for every million you make tax ...