joseph perry, markom tax business leader and judge harris under former president obama. thank you for joining us. we are seeing the details come out and the latest one had to do repatriation of dollars at five percent. what do you think of the plan? >> i think it is geared toward the middle-class and in the middle of the country. and if you look at coastal states, where there is a high degree of housing cost and sales tax and anyone who makes over 200000, it will increase potential our tax without crunching the numbers. mul mul seth, i did number crunching and it seems pretty accurate. >> i am not sure i agree. for example, the early release leaked out details suggest that 90000 a year will see marginal rate go to 15 percent to 25 percent. that is a big tax increase. some middle-class families will get a few hundred and some will see taxes go up. >> melissa: i disagree with that math. the standard deduction doubles for single people to 12000. and married people it is doubled to 24000. they are expanding the child tax credit and no more alternative minimum tax. mortgage d

joseph perry joins us, a tax and business services leader. richard fowler. fox news contributor. they are predicting taxes for many in the middle class will be cut but in 10 years the middle class could get slammed. is this plan really a benefit? >> i think if you take a look at the overall bill as what they were trying to achieve simplification, corporate tax reduction and cut for the middle class i think those bills both in the house and senate combined achieve those. i would say that most americans will be getting a tax cut and have simplification especially for the middle class and lower. >> eric: then in 10 years if you're like 75,000 or less, your taxes will go up in 10 years, joseph. >> right. but i guess you could say 10 years ago where we are we wouldn't have had the rates we had before. so 10 years is a long time in political life. i think that we have to look at a bill that will help stimulate the economy for the short term and then see what the consequences are. we can always make modifications as time goes on. >> eric: what about that? >> modification as time goes on