Two years ago the middle class doesn't pay AMT anymore. Now we're dealing with the trumps of the world. That's exactly right. And what happens with this doing away with the AMT for those folks? The middle class is being asked to again sacrifice what they have so that we might get rid of the estate tax or we might get rid of the alternative minimum tax. Or for people in Patterson, New Jersey, I think that's something that's again, very relevant, the historic tax credit. Well, they abolish it. Remember, when you do tax reform, you need money, right? (05:11–05:21)
CLAIM
Asserts that the middle class sacrifices are proposed to eliminate the estate tax and AMT.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
