CNNW CNN Newsroom With Fredricka Whitfield December 16, 2017
Seven. Taxes will be lower for many of 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 a key in moving senator marco rubios vote from a no to a yes. Individuals will also be able to deduct up to 10,000 in state and local taxes, and the exemption for the estate tax would be doubled. Republican senators got their way, and the obamacare individual mandate will be eliminated. Cnn White House Correspondent Abby Phillips is following the story...