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Transcripts For KNTV Early Today 20171214

Im philip mena. Im frances rivera. This morning your credit cards, mortgages, car, even student loan bills could see an immediate Interest Rate hike. After the feds raised rates across the country. But it is another major Financial Change in the wings thats leading our program this morning. Your taxes are on the verge of some sweeping changes. On wednesday republicans reached a major deal to push through their 1. 5 trillion tax plan and now were finally getting some specifics on what that tax overhaul will look like. With the president out shilling for the proposal looking to get this passed before christmas. For more on this we go to nbcs tracie potts in washington. Good morning. Philip, good morning. Lets talk about whats in this tax plan and how it might affect many americans. First of all, the wealthiest americans get a break. Their top tax rate goes down from 39 to 37 . Thats according to multiple republican sources. Some of those popular deductions that people were worried about,

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