KTVU The Eleven OClock News On KTVU FOX 2 November 17, 2017
Surprised. It is not great for the golden state. Californias congressional members were split. The first 55,000 and average family of four earns will not face a single penny of income tax. The bill republicans have brought today is not tax reform. It is not a tax cut. It is a tax scale. Reporter supporters celebrated saying it doubles the standard deduction to 12,000 for individuals and 24,000 for married couples. Increases the tax credit. Reduces Corporate Tax. And eliminates estate taxes by 2024. Critics objected saying it increases the deficit by one . 5 trillion in 10 years. Eliminates ded...