KQED Nightly Business Report December 12, 2017
The Treasury Department today said the new tax bill will generate 1. 8 trillion in new revenue over ten years, thanks to increased economic growe tha from the nonpartisan joint committee on taxation. As the numbers get crunched, lawmakers are trying to get the final bill across that finish line by resolving differences between the. Those differences include the number of tax brackets, the limit on the mortgage interest deduction, and medical expense deductions, among other things. The negotiations come just weeks before the end of the year, a key time for tax planning, making it also a very co...