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Fewer claim deductions and personalizes fewer deductions hurting people with three or more kids. goodsies for the middle class. the plan increased child tax credit to $1,600 and $300 tax credit for non-dependent children and who are the winners and losers? corporations are the big winners. the bill lowers the corporate tax rate all the way down to 20% from 35%. the ultra rich, big winners. this bill repeals the estate tax by 2024 and doubles the exemption before that. and repeals the amt, another plus for wealthy tax payers. no everyone who pays that is super rich. and people in high-tax state...

Likely be who's winning big with that plan. corporations get a huge tax cut down to 20% from 30% is the stated rate. the administration believes this will spur growth. the ultra rich are also big winners. the bill repeals the estate tax in the year 2024 and doubles the exemption to about $10 million before that. another plus. what about the losers? people in high tax states. no more state and local tax exemptions. only deduct property taxes up to 10 grand. for new home purchases, the mortgage interest deduction is hut in half now to $500,000. >> did you know there's one high profile figure men...

They are like, never mind the barbecues. let's go watch a movie, right? >> definitely. all of you on the east coast. i'm here in l.a. it's sunny. not rub it in, but -- >> in the wound. it's already open. let's talk about the latest "transformer" movie. "age of extinction." is this a must see for everybody out there? >> you know, look. it got really bad reviews. we'll put that out there, and it is 2 hours and 45 minutes long, but it is definitely the number one movie right now. it made $100 million last weekend. probably by the end of this weekend, worldwide it will have grossed over $600 milli...

Normal. >> it's good in a lot of good ways. >> reporter: like working and living together now. before she was shot. they had a commuter marriage. she jetted between her congressional marriage and worked in washington, d.c. he lived in houston, texas, where he worked at the space center. this is the first home they bought and live in together. another plus. before giffords was shot she had a rocky relationship with kelly's two teenage daughters from a previous marriage. but the sort of tense relationship that you had with your daughters, that's changed. >> yes, it's changed. >> that's a positiv...

That direction. >> for giffords and kelly, this is the new normal. >> it's different in good ways too, in a lot of good ways. >> like living and working together now. >> i'm looking forward to making a change in the fall. >> before she was shot they had a commuter marriage. she jetted between her congressional district in arizona and worked in washington, d.c. he lived in houston texas where he worked at the space center. this is the first home they bought and lived in together. another plus, before giffords was shot she has had a rocky relationship with kelly's two teenage daughters from a pr...