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Speculation they are revealing the details of the bill that President Trump says is essential to american competitiveness. But who will benefit . Reporter hey there. Its good to be with you. The president says he wants congress to pass this bill by thanksgiving and on his desk for a signature by christmas but the last time a major tax bill passed in the United States it took two years and republicans hope that this one can be done in two months. The tax cut will deliver relief for people in the middle striving to get there. They promise that our overhaul will benefit businesses and the american working class. With this plan the typical family of four will save 1,182 a year on their taxes. Among the major changes the Corporate Tax rate will be slashed 35 to 20 and the standard deduction will double and the child tax care credit will go from 1,000 and 1,600. And state and local deductions will be capped at 10,000 that may be a blow to middle class families living in high tax areas. They

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