CNNW CNN Newsroom With Fredricka Whitfield December 16, 2017
Holdouts threaten to derail it. House Speaker Paul Ryan saying the vote could come as early as tuesday. Here are some of the key details. Despite a pledge to reduce the number of personal income tax brackets, this bill keeps all seven. Taxes will be lower for many in those brackets. The biggest cut is being saved for corporations where the tax rate drops to 21 from its current 35 . Also in the bill is a 2,000 Child Tax Credit. Thats important because it apparently was key in moving u. S. Senator rubios vote from a no to a yes. Individuals will also be able to deduct up to 10,000 in state and l...
Source: archive.org
