CSPAN Erik Wasson On GOP Tax Reform Bills November 12, 2017
Reporter. Erik wasson covers congress for newport news. The Senate Finance committee begins its markup on monday. You have been writing about some of the key details. What are they . Basicasson the architecture is the same. They have big Corporate Tax cuts. The house bill was dropped from 35 to 20 effective in 2018. The senate has the same thing, although it delays that i one year. Both would reduce the individual tax rate and double the standard deduction. Both would have some tax increases for those who itemize their deductions. The big issue that is controversial in both is the state and lo...