They are narrowing down what will be still a very substantial, across the board tax cut, not just the same for everyone across the board. Here is what we now know. On the corporate side, were taking that rate from 35 to 15 . This is the goal. Then a 15 tax on passthroughs, s corpse, hedge funds, real estate entities, a lot of lot of donald trump interests would benefit from the lower rate. Standard deduction doubles for individuals and families to roughly 12,600. If that is the case, that sticks, an additional 12 to 15 million americans, who presently go through, detail all their deductions would take the standard deduction. Would make their filing a lot simpler. It would not rule out deductions across the board. Three rates now. That top rate at 35 . As stuart pointed out here. Bottom rate of about 10 . Were going to getting into all of this with kevin brady, man who runs the house ways and means committee. He was for bigger tax cuts the o looking for a border tax to pay for a lot of
That will help grow jobs and middle americans. Two people to explain it, gary cohn is going to walk through why were doing and what were doing then the personal side. And secretary of the treasury Stephen Mnuchin will walk through the business and corporate side of what the president is doing to bring jobs back to this country, to make our businesses more competitive and help our economy grow. At the end, well be glad to take questions on this. You are being provided a one pager that provides the top level of the plan and both the director and secretary will go into further detail. So without further ado, director gary cohn. Mr. Cohn thank you, sean. Good afternoon to everyone. Thank you for being here. This is quite an historic day for us and one that weve been looking forward to for a long time and one were very excited about. We have a once in a Generation Opportunity to do something really big. President trump has made tax reform a priority and we have a Republican Congress that wa
That will help grow jobs and middle americans. Two people to explain it, gary cohn is going to walk through why were doing and what were doing then the personal side. And secretary of the treasury Stephen Mnuchin will walk through the business and corporate side of what the president is doing to bring jobs back to this country, to make our businesses more competitive and help our economy grow. At the end, well be glad to take questions on this. You are being provided a one pager that provides the top level of the plan and both the director and secretary will go into further detail. So without further ado, director gary cohn. Mr. Cohn thank you, sean. Good afternoon to everyone. Thank you for being here. This is quite an historic day for us and one that weve been looking forward to for a long time and one were very excited about. We have a once in a Generation Opportunity to do something really big. President trump has made tax reform a priority and we have a Republican Congress that wa
That will help grow jobs and middle americans. Two people to explain it, gary cohn is going to walk through why were doing and what were doing then the personal side. And secretary of the treasury Stephen Mnuchin will walk through the business and corporate side of what the president is doing to bring jobs back to this country, to make our businesses more competitive and help our economy grow. At the end, well be glad to take questions on this. You are being provided a one pager that provides the top level of the plan and both the director and secretary will go into further detail. So without further ado, director gary cohn. Mr. Cohn thank you, sean. Good afternoon to everyone. Thank you for being here. This is quite an historic day for us and one that weve been looking forward to for a long time and one were very excited about. We have a once in a Generation Opportunity to do something really big. President trump has made tax reform a priority and we have a Republican Congress that wa
Notified. If it is something thats associateassociated with hate om or anything like that, but, again, all alternatives report table. We want to get to the truth and bottom of it. Unfortunate the its the time we live in. Reporter discovery comes a week after a white male coin maker at the us minute was caught on camera alleging plac placing a noose on the chair and of an africanamerican coworker the employee was placed on administrative leave. Thats pretty serious stuff. So i mean you have to definitely, um, look into it. This wrongdoing yeah, you got to go with the proper protocol. Remarkable those two events happened within two, three, four days of each other. Reporter police check this local restaurant for Surveillance Video of the incident at 18th and lombard. They also sent the noose to the crime lab for analysis. Dna fingerprints that type of thing. Thats good theyre investigating it and trying to get to the bottom of it. Reporter at this point, police tell us theyre not certain