also two huge economic stories developing right now. president trump has nominated a current federal reserve governor, jerome powell to head the u.s. central bank. first pick by president obama for the would replace the current fed chair janet yellen. the first time in four decades a new president hasn t asked the current fed chair to stay for a second term. also earlier, the president joined house republicans in rolling out their new tax bill which would sharply reduce corporate taxes. middle income americans should benefit, many face the painful loss of popular deductions. the president is pushing to have a new gop tax bill sienled by chris, but some key republicans are already pushing back. let s go to our congressional correspondent, tell us what this plan would do. well wolf, the ink on this tax bill is essentially still drying and many members left here with a little bit of uneasiness about what exactly is in the bill tonight and keep in
that would be felt by taxpayers living in states voted largely those blue states that hillary clinton won in 2016. some are already suggesting the bill you put forward is designed to target those americans living in those states that tend to vote for democrats, and you know a lot of republicans in those states are already opposing the legislation, lee zeldon of new york said i m a no on this bill in the current form. we need to fix the state and local tax deductions. why are you eliminating those deductions? we keep the state and local but not the state tax or the city tax. yes, for property taxes, we absolutely do. but not the state income tax or the city tax. there you have to gob you have to be more accurate when you re describing these provisions. we keep that state and local property tax the property tax up to $10,000, you keep that. which is double the standard you keep it up to 10,000, but you eliminate the deduction for
19%, no opinion. look at this one, did trump commit a crime? 49% say likely, 44% say unlikely, 7% say no opinion. but that last number, almost half of the american public according to this poll think that he may have committed a crime. releasing the historic, even wolf, but i m saying something else in these numbers as well. which is the white house attempts and attempts by the president to discredit mueller and his investigation to paint him as a partisan actor clearly are not resinating with the american public. that polling shows me that americans, not only approve what mueller is doing, but see this investigation as worthwhile, see it as relevant, see the president as potentially having committed some wrong doing, that is highly significant because it shows that whatever conclusion mueller reaches, at least the majority of americans as of right now are inclined to believe him. and we ve reported mano reported earlier that some
in that circle, he s always been a family-first guy. so this takes that thing that we learned earlier this beak, it s moving up the chain and accelerates it and the closer it gets to him, and he called the new york times out of the blue last night. so to simply say, i m not under investigation. clearly, it s on his mind. i think it s also important we ve seen the trump strategy in the past has been to disavow people, nike flynn, never heard of him, paul manafort barely worked for us. jared kushner, he absolutely cannot employ that tactic, this is the president s son-in-law. rebecca, we have new poll numbers from abc news at washington most. how americans perceive of this entire russia probe. question, how do you feel about the way mueller is handing this investigation? look at this 58% approve, 28% disapprove, 14%, no opinion. kwi, what do manafort, gaith, papadopoulos charges suggest? limited crimes by these people,
here on the tax room other than washington, we need a fresh start. the plan that you introduced today would limit the deductible for mortgages on newly purchased homes to $500,000. doesn t that hurt americans who live in areas with a high cost of living and they need a mortgage that s a lot more than $500,000? so not when you put in place the tax relief protecting more of the first dollars they earn, this new family credit, in fact, you put that altogether, families are better off and we know when the economy grows, home values, more people can afford those homes, so i actually believe this tax reform will strengthen home values and get more people in homes because remember, those who don t itemize, which are most americans, they get no help today with their home, we change that. one of the biggest deductions would be eliminated, that s local and state taxes, the greatest impact, of course, of