Surprised. It is not great for the golden state. Californias congressional members were split. The first 55,000 and average family of four earns will not face a single penny of income tax. The bill republicans have brought today is not tax reform. It is not a tax cut. It is a tax scale. Reporter supporters celebrated saying it doubles the standard deduction to 12,000 for individuals and 24,000 for married couples. Increases the tax credit. Reduces Corporate Tax. And eliminates estate taxes by 2024. Critics objected saying it increases the deficit by one . 5 trillion in 10 years. Eliminates deductions for state and local income and sales tax. Caps property tax at 10,000. Mortgage interest at 500,000. The house version is harmful to california. Reporter an expert says there are two big problems for californians and others who have high state and local income taxes. To have a 20 top Corporate Tax rate they had to come up with revenue. The way they came up with it was by largely eliminated