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That's right, the tax code has gotten so much progressive since 1986 reform. even as rates have gone up at the top, bigger refundable tax credits tat bottom have made the code a lot more progressive. paul: when reagan in '86 got reform done, the top rate is 88, now 39.6. [laughter] >> don't tell democrats that. they are making it an issue of class warfare, that's a big talking point of chuck schumer. paul: even some right-wing intellectuals are doing that. >> on the republican side, what i fear is that you have a lot of republicans in high-taxed states that are also going to push back against ...

That's disappointment. that's right, the tax code has gotten so much progressive since 1986 reform. even as rates have gone up at the top, bigger refundable tax credits tat bottom have made the code a lot more progressive. paul: when reagan in '86 got reform done, the top rate is 88, now 39.6. [laughter] >> don't tell democrats that. they are making it an issue of class warfare, that's a big talking point of chuck schumer. paul: even some right-wing intellectuals are doing that. >> on the republican side, what i fear is that you have a lot of republicans in high-taxed states that are also goin...

Me. >> but -- president trump is rich. tells us about it all the time. so all of those thing ice just said about this plan benefiting the wealthy also could apply to him. if you believe the president, that he's worth $10 million, this plan could save his family $4 billion in estate taxes alone. repealing the all miv minimum tax slashed his 2005 tax bill want we know byes 3ds 1 million and we know it, the one leaked tax return we have. and he'd also stand to potentially benefit from, of course a lower top rate. beyond that, this plan slashes rates on pass-through income, how president trump's b...

Tremendously for the middle class. not just a little bit but tremendously. >> and cut it will be brian. it will cut the corporate tax rate 20% to 35%. cut the tax rate on pass through businesses to 25%. collapse individual tax rate brackets down to 3, 35, 25, 12 we expect dropping from top rate of 39.6 that everyone fears who makes any money, doubling the standard deduction, which is a set amount, of course, of income that anyone is exempt from. and then we also expect some other proposals which eliminate the estate tax and the alternative minimum tax. they expect to expand child care tax cred...

Because if you outline a set of races and say we might have another one, we're going to pay for tax cuts but aren't going to say how, you don't have a plan yet. they're beginning a process. this is more detailed than they laid out a couple of months ago, but it's still not the entire plan. among the lieabilities, you mentioned the pass through businesses. secondly the top rate. they're also trimming back on the personal exemptions that families can claim for their dependents. so if you have a large family, if you've got four kids, you might lose more from the loss of those exceptions than you ...