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if you're are an average middle class family, chances are in the first year you're probably getting a little bit of a tax cut as well. most income groups see a little bit of a tax cut. later on, you're not getting that much of a tax cut because a lot of this stuff phases out. corporations keep their tax cuts. individuals don't. the other piece of this is if you are a person celebrating thanksgiving in new jersey and new york or california and you've got a big mortgage, you take a lot of deduction on your state and local taxes, you could be getting a tax hike in this and you probably won't be super psyched about that. >> i'm going to play my mom here at the thanksgiving table in new jersey where she is and she's going to go, companies, they're doing so well, look at the stock market, rich guys, they're only getting richer. how's that going to help us? i mean, people out there, average joes, they haven't got raises. >> that's absolutely right. when you really kind of -- >> louis, you have to say that's absolutely right louis. because remember, i'm my mom here. >> you are absolutely right, talking to your mother. if you're in new jersey as i am as well, you're going to lose those state and local income tax

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