Detailed text transcripts for TV channel - FOXNEWS - 20180725:14:23:00
>> 50% too high? >> look, there was a time in a very prosperous america, an america that was growing the middle class, an america in which working families were doing better generation after generation after generation where the top marginal rate was well above 50%. >> bill: you know where she is coming from. claw back the tax cuts. she was asked would you take it to 90%? i don't think i got a no. >> she would take it to 90%. it was 94% in 1994 on income of $200,000, the equivalent of $3 million today. if you go back to 1932 it was 63% on a million dollars but the average family made less than...