Greg Val News Today

Home purchases morgue interest deduction cut in half to about $500,000. well talk about in political economist. greg, when i look at this, i see the middle class relief. i see theres some new relief for working families. but really, the center piece of this thing has always been the corporate tax cut. companies want to bring home all of that profit that they have stashed overseas at a very low tax rate. were told that will be something like a 12%. the biggest tax cut in history as the president ...

Playing some serious hard ball or is there more to it and whos in a bigger mess here? republicans with the civil war or democrats? >> its really an interesting story. youve got now elizabeth warren, who very bluntly said yesterday that the nomination was rigged. against bernie sanders for hillary clinton. the youve got the republican party in a civil war, the democrats now in a civil war and i think both parties may yield to the populous, the steve bannon populous, elizabeth warren bernie sander...

For couples. this will cut down the number of people who item ease. the plan would eliminate the personal deduction. some taxpayers could see little benefit. other big changes that could affect, the child tax credit being boosted by $600. it allows for more people to claim that credit. as for housing, the popular mortgage interest deduction is capped. homeowners can only de duct $10,000 worth the property tax. salt will disappear. and the estate tax by the year 2024. theres some interesting new ...

Middle class. is that what this is, greg? >> not really. i mean it helps a bit. for most people, not all, but it helps a bit. and i think for the very, very wealthy, theres not going to be as much tax relief as perhaps they expected a few months ago. but no. make no mistake. this is about corporations really dramatically lowering corporate taxes, repay tree iating -- its the major reason or a major reason why the stock market has done so well, because corporate earnings are going to do better wi...