Detailed text transcripts for TV channel - FOXNEWS - 20171220:16:06:00
Way, will sunset by 2026. it is the intention for the corporate tax to remain permanent. and the salt rightoffs, the state and local tax deduction writeoffs decrease. people will only be able to deduct $10,000 of the taxes going forward. what is not in this bill is closing the carried interest loophole. the president promised again and again on the campaign trail and as president going through tax reform he would close this loophole which allows millionaire hedge fund managers to pay a tax rate of 24% instead of near 41%. the president's chief economic advisor gary cohn says they tried to clos...
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