Detailed text transcripts for TV channel - CNN - 20171103:10:22:00
Who are the winners and losers? corporations are the big winners. it lowers the corporate tax rate to 20% from 35%. it doubles the exemption to about $10 million before that. the bill repeels the amt. that's another plus for upper middleclass. not everybody who pays amt is super rich. no more state and local tax deductions for income or sales tax. and only can deduct property taxes up to 10 grand. the mortgage interest conduction is cut in half to 500 grand. a lot of other changes that could help or hurt taxpayers. bottom line, it depends where you live, how much you make, how many kids you ha...
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