Detailed text transcripts for TV channel - FOXNEWS - 20171216:12:04:00
The final version of the tax cuts and jobs act keeps seven tax brackets but reduces rates for five of them. the new rates start at 10% and then rise to 12, 22, 34, 35 and 37%. current tax rate 387 to 35%. lowering the effective tax rate 30% instead of 39.6%. a few details for threw guys. should expect a passage late week midweek. ed: you see the sunrising just behind him above that capitol dome. maybe there is a little bit of hope they are going to get some stuff done. rachel: morning in america. pete: the individual mandate will be repealed. the government can't tell us to buy something. pete...