Caps Mortgage Interest Rate deductions at 750,000. And caps the state and local Tax Deductions at 10,000. Now, on the tax brackets that weve been talking so much about, this actually, this proposal, this bill that they are voting on keeps 7 personal incomes tax brackets. Lowest stays there with 10 . But lowers top individual rate. Down from 39. 6 to now 37 . So a lot of details with massive massive tax overhaul. But again at the end of the day today, republicans looking for a win. Sunlen, thank you so much. Well ta in close contact with you and keep your eyes on the screen here on the house floor as the vote is set to get under way. And after the fact a massive victory lap over at the white house. Before we get there, i have with
at all. And so thats going to be really interesting to watch next year. You know, especially in those districts where you have vulnerable republicans and the Hillary Clinton won in 2016. Maybe this is the message to help some of those republicans, abby, i saw
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you can make a nice table one but you only get the good weather, the rain comes of the right time, and you can make really robust cabernet sauvignon s. republicans believe that they have made a robust tax bill but you don t know what that wind is going to taste i can you put it in the bottle, put it on the shelf, put it in your basement or your wine rack for a couple of years and open it in 2020, 2021, and you get a whiff of it and see what it taste like, and see what the bouquet is like, and maybe it is what you need in 2020 or 2021 and maybe not. you don t really know. tonight, they put the wine into the bottle. we ll open it up in about three or four years. earlier on the house floor after the house g.o.p. passed the bill, we heard a very euphoric speaker of the house paul ryan state this. what this achievement marks as a promise that this majority made that is a promise that this
class to lower the bracket for the top earners? some economics think it does. and i d be happy to refer you to them. congress has passed in decades to help the american worker to help grow the american economy. this is profound change. and this is change that is going to put our country on the right path. for all those millions of men and women in america who are living paycheck to paycheck struggling to get ahead, help is on the way. for all those businesses that are tied with one hand behind their back in this global economy strg a hard time competing, help is on the way. i want to thank chairman kevin brady and all the men and women who made this possible. this has been a long work in progress. and what this achievement marks is a promise this majority made that is a promise that this majority is keeping. we said in 2016 it would take real tax reform to get the
all right. ashley and jonathan, andy teed you up there. what do you guys think? i think we know that, certainly, the president is very mindful of the 100-day benchmark. he tweeted the other day about, i think it was a fox news story, but 90 days and how he was doing well. he scheduled a press conference on day 98. could be talking about veterans affairs or perhaps he could give his own report card for his first 100 days. it is hard to suggest he s been a rousing success at this point. there are a number of campaign promises he s yet to fulfill. health care is a debacle. on the positive side, the successful nomination and insulation of a new supreme court justice is something that is going to not just help define his term but outlast his presidency. very true. yeah, i think it is risky to give the president any letter grade. as john said, it is certainly something he is deeply aware of. not just the letter grade but actually hitting achievement marks. he has, to aides privately,