FOXNEWSW Shepard Smith Reporting December 20, 2017
It will be an Incredible Christmas gift for hardworking americans. I said i wanted to have it done before christmas. We got it done. The legislation cuts the Corporate Tax rate from 35 to 21 . Nearly doubles the standard deduction, the amount of income taxfree for 12,000 for single people, 24,000 for married couples. The top tax rate drops from 39. 6 to 37 . The Child Tax Credit doubles to 2,000. The plan would also repeal the Affordable Care acts individual mandate but not until 2019. State and local Tax Deductions are capped now at 10,000. This is where people in high tax states take a hit. ...