Detailed text transcripts for TV channel - CNN - 20171215:22:41:00
Average the expectation is that individuals will get a tax cut through this plan. they will sunset in a2025. they will revert to what they are in current law. they're doing that because it's expensive. also a key thing that everybody's been paying attention to, the state and local tax deduction, the conference agreement expands that. originally only allowed a $10,000 cap for property tax deductions. that will also allow income and sales tax as well. some combination of two of those will be allowed for the salt deduction. important for states like new york, new jersey, california, illinois, sta...
Source: news source