Detailed text transcripts for TV channel - CNN - 20171218:11:21:00
With what's in it. the corporate tax rate. this is the big one they have been wanting. there's seven different brackets. so it still stays at seven. it was going to be at one point three. here's what's in it. the corporate tax rate goes down to 21% in 2018. ends amt for corporations. boosts individual amt. there is an exemption up to a million for families. sets top tax rate at 37%, down from 39.6%. standard deduction doubled. it will cut 30% down to 6% on people who itemize. repeals the individual mandate. 20% for pass-through income. keeps the estate tax. a.b., this is not what paul ryan pro...
Source: news source