Detailed text transcripts for TV channel - CNN - 20171103:11:33:00
Nonchild dependents and spouse. and 401(k) plans will be left alone. who are the winners and losers? corporations are the big winners. it lowers from 35% to 20%. the ultra-rich. it doubles the exemption to $10 million. the bill repeels therepeals the amt. one of the problems with that provision. as for the losers, people who live in high-tax states, california, new york, new jersey, no more state and local tax deductions and they can only deduct property tax up to $10,000. home build stocks tanked yesterday. the mortgage interest deduction is cut in half to $500,000. a lot of other changes to
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