Detailed text transcripts for TV channel - MSNBC - 20171218:11:15:00
Current law. and the individual tax cuts expire after 2025. meanwhile, the standard deduction is almost doubled to between $12,000 for individuals and $24,000 for couples. the new tax bill cuts the corporate tax rate from 35% to 21% while taxing foreign earnings at lower rates and the bill offers an expanded child tax credit for some low-income families thanks to a push by republican senators marco rubio and mike lee. that more generous child tax credit was key in securing senator rubio's support for the final bill. as party leaders work to make sure they have the votes needed from gop holdout...