What does this do to incentives and growth but kills incentives, Larry, and obviously it doesn't work. And when you layer on top of that state and local taxes, We're starting to push the marginal tax rate well above 50%, almost to 60%. I mean, think of that. If you're a small business person and you're struggling not only in terms of, you know, under the burden of the tax regimen, but talk … (00:36–00:42)
CLAIM
Asserts that marginal tax rates could reach nearly 60% when state and local taxes are included.
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.
