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Detailed text transcripts for TV channel - CNN - 20171109:20:26:00

let s talk about the estate tax, they are saying if you are itch waing this at home if you don t ex experiment to die with more than 5.5 million s did to pass onto your children this doesn t impact you. if you have more money than that or a couple and ex experiment to have more than $11 million, right now you ll be taxed on that. but gop wants to double that. not have to be taxed on $22 million. when you pass away on the estate tax. they also want to do things like takeaway the state and local income tax deduction. so that means if you are a hard working american in new york or california or another state where you have local and state taxes, you no longer get to deduct that off of your income taxes and probably going to see a tax hike. and again this is data coming from the joint committee on taxation. this isn t from a think tank. this is from the government bipartisan group that looked at the house version of this plan and said one in four americans were going to see an increase in

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