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Transcripts for CNN Anderson Cooper 360 20150929 01:25:00

Shrinks from seven rates to four but are saying this is a big cut for the wealthiest americans, and donald trump does that by reducing the top tax rate from 40% to 25% but also does that in a potentially more interesting and a little bit trickier way, which is that business tax cutter racu ccu cut erin was talking about. if you re a wealthy individual and say look, i m going to go into business for myself and start l.l.c. you could pay a 15% tax rate rather than 25% tax rate. in that sense, it could be a bigger cut for wealthy individuals than we were talking about earlier today, don. joe, here is what donald trump says. he says under his tax plan, the economy will take off like a rocket. what are your thoughts? first of all, it won t. second of all, we re going to triple the deficit because he actually has absolutely no way of raising the kind of revenue that you would need to raise with the tax cuts that he ....

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