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American people. but it varies and some americans could end up paying more. so they had us do the numbers. taking $150,000 a year, they save $3500 next year, a lower tax rate, double standard deduction, and expanded tax credit. but california has high state taxes so how about a single mom in kansas city with two children making $45,000, she also saves $1800 thanks again to a bigger standard deduction and child tax credit. but what if you don't have children, a single homeowner in colorado making 70 grand would pay $1400 more next year because that's the standard deduction doesn't make up for t...

That's good. why? a lower tax rate, double standard deduction and expanded child tax credit. but california has high state taxes. how about a single mom in kansas city with two children making $45,000. she saves $1,802. thanks to a bigger standard deduction and that bigger child tax credit. what if you don't have children? a single homeowner in colorado would pay $1,484 more next year. that's because the standard deduction doesn't make up for the lost tax breaks. a single homeowner in a high tax state. they may get hit hard. a new yorker making half a million dollars, see that there, pays $6,4...

For the wealthiest highest earners, 39.6% to 37%. current standard deduction is nearly doubled for individuals tos 12ds,000, for couples to $24,000. on the other side of this a whole lot of people lose the ability to deduct their state income taxes. the child credit, the child tax credit increased to $2,000. the refundable part has been raised to $s 1,400. something marco rubio demanded. not this much, demanded it up by a little and got it. he is a yes vote on this and another credit for dependents, $500. mortgage interest deduction applies to the first $750,000 are new loans. lowered from the...

Will be voting on tuesday. >> well, i'm still reviewing the bill. i voted for the bill as it passed out of the house, but so far i like most of what i see in this bill. the tax code is far too complex, it's over 70,000 pages long. over two-thirds of my constituents do not itemize, their standard deduction will be doubled and their rates will be lower. the child tax credit will be doubled from $1,000 to $2,000, so there are various things in this bill that i think are very important. so i think so far i like what i see. >> but, gabby, he so far likes what he sees so clearly it's not a firm yes ...

Going to cut off spigot of campaign contributions. >> they did say that. >> here's example. had you exchange on twitter. slightly technical but worth talking about. exchange on twitter how a single mother making certain amount of money would fare under the bill. you tweeted one thing and john cornen, high up in leadership tweeted response. zero income tax, doubling of standard deduction and 2,000 child tax credit. my understanding, that's factually untrue. they're either lying or don't understand the bill. >> it's a combination of both. lot of lies thrown about and lot of them don't understand...