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Hour. Ladies and gentlemen, the governor of the great state of alaska. [applause] thanks, everybody. The first thing i want to say is thanks for putting up with a little move yesterday. I want to thank you for working with your legislators. Thank you very much. So, thank you Lieutenant Governor and members of the legislature. Before i continue i want to do something important and recognize my wife and the mother of our three daughters, my wife of 36 years, first lady. [applause] i would also like to recognize the members of the cabinet in attendance tonight and could you please stand as well. Thanks for everything you are doing. [applause] and to the members of the legislature, welcome and thank you for stepping up. We can never forget why we are here and we are here to serve the people. Serving the people of alaska as an educator into governor is one of the greatest honors of my life and a privilege none of us can take for g ....
Those who are at the lower end of the economic scale, and i think thats appropriate. So its middleclass tax relief but heres how it works. The share of federal taxes paid in 2019, which is a year after this is implemented, it starts right away, by the way, so middleclass families are going to get that relief right away. Currently is in the red and then our proposals in the blue. If you make, again, zero to 20,000, its very unlikely that you have income Tax Liability. But some families do and the average is. 1 . If you make 20,000 to 50,000 a year, your share of federal taxes goes down from 4. 3 to 4. 1 , in our bill. If you make 50,000 to 100,000, your share of the federal taxes goes from 6. 9 to 6. 7 . If you make 100,000 or above, your share goes not down. It goes up. From 78. 7 to 78. 9 . The top percent of wage earners in this country, earners, top 10 pay approximately 70 of the income taxes right now. After our bill is passed ....
Thank you very much, ivanka. She worked hard. Shes a hard worker. All of our kids work hard. We love to see it. Theyre doing a terrific job for our country. Ive come to the great city of pittsburgh to stand with people, and those people are incredible workers. And to show the world that america is back and that we are coming back bigger and better and stronger than ever before. And were making our own product again. And t and were opening up our factories again. I mean, you take a look at whats going on where toyotas coming in and the other day you just saw chrysler announce theyre moving from mexico back to michigan. You dont hear that too often. With a monster factory theyre going to spend a lot of money. At the center of americas resurgence are the massive tax cuts that i just signed into law. And its also reform i usually just say tax cuts. They dont want to hear about the reform believe me, the reform is very important. We dont have to get into it but the tax cuts are the most sig ....