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Lawmakers. From capitol hill, mola lenghi lays out the changes lawmakers need to make before the president gets the bill. Reporter in a vote that is more formality than question mark, the house is once again prepared to pass a 1. 5 trillion tax bill. The tax cuts and jobs act is passed. Reporter the revote was necessary because the bill was tweaked slightly before the Senate Passed it late last night along party lines. Analysts say there will be cuts across every income tax bracket. On average, taxpayers will see a savings of 1,600. When you double the per child tax credit. When you double the standard deduction and you lower tax rates across the board for every income group, thats real relief for families, for individuals. Reporter democrats oppose the bill because they say the majority of tax relief goes to corporations and the very wealthy. The majority stood in the chamber and passed its partisan bill to provide tax cuts for millionaires and billionaires and one president. Report w
MiamiFloridaUnited-statesAlexandriaAl-iskandariyahEgyptPhiladelphiaPennsylvaniaBostonMassachusettsCaliforniaGaithersburgNutriition company shocked wall street, beating the top and bottomline numbers. Shares jumped to nearly 64 in heavy afterhours trading volume. And two tires blew out during the landing of American Airlines jet monday. No one was hurt. Doug rothschild of Performance Trust joins us on this tuesday morning. Good morning, doug, and are you sensing that bonds will be on edge ahead of the fed . Morning, angie. Thanks for having me. Absolutely, all eyes are on the fed this week. Will bernanke have another taper tantrum . And how will the market react to that . So as were looking forward, the fed meets on wednesday, theyre going to release their notes. There will be no press conference, but instead, in their notes, investors are going to be looking for clues that the fed is going to begin tapering their bondbuying program. Thats going to be dependant on what happens in the economy. One thing we do know is that bernanke wants to keep Interest Rates low for a long period of time. Tapering and th
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