Speaker paul ryan wednesday on a procedural hiccup. The message to the hard working taxpayers of america is your tax relief is on its way. Democrats focused on the tax cuts for the rich. Tax cuts dont lead to job creation. They lead to big ceo salaries and money for the very, very wealthy. Now the republicans are taking their cool victory lap, toasting it with champagne, with their donors, and the wealthiest. But they didnt do what they promised. President trump now tasked with selling the plan to the people, recent polls showing it is unpopular with most americans. The white house says theres a process before it hits the president s desk. So no date has been set. Abc news, washington. Despite the bills passage, stocks dropped a bit. At t employees are getting an immediate boost from the bill. 200,000 work letters get a 1,000 bonus each. Thats nearly all the telecommunications companys 256,000 employees. San franciscobased Bank Wells Fargo says it will boost the minimum wage for employ
Now, from abc 7, breaking news. That news is in australia where a crowd has plowed in to scene people in melbourne. You can see the car there. Officials that the driver was arrested. The driver made no attempt to stop, and a preschool age child is among the injured. Its 6 00 p. M. In the evening there. They are not saying whether they believe it was an actor terror or a mishap. Good evening. We will of course stay on top of this breaking news story on our abc 7 news app and provide updates ask we get them. Now to the other top story here. Would you pay 9 to get to work . Apparently more than half of the people in the bay area are saying yes, if it means less grid lock. A live look from the bay bridge toll plaza. Not busy right now. If only it looked as smooth as this. Right . Well the question is, will toll hikes help in that regard . Abc 7 News Reporter is live tonight with the story. Lillian . Reporter dan and kristin the bay bridge is one of the bridges where the toll could go up by
The first major tax bill over haul in 30 years. The president beaming with a double fist pump. Its always a lot of fun when win. Lawmakers leaped on the praise one after the next after the next. Something this profound couldnt have been done without exquisite president ial 4r leadership. You listened to voices no one else was listening to. You are one heck of a leader were all going to benefit from it. President said it is designed to benefit all American Families but Corporate America get a much bigger tax cut. We are making America Great again. And earlier the president flaunted those for big business. The plan lowers the tax for big business from 35 to 21 its biggest factor in the plan. That cut for Corporate America is permanent but income tax cuts for individuals expire in eight years and lower income plenaries making 75,000 or less will see their taxes go up and ultra rich will see their taxes go down. The bill also repeals the Obamacare Mandate that every american buy Health Ins
Good evening. The tax reform plan passed by the republican theres start affecting every american. Well look at some suggestions on actions to take now made by local accountants. First abc reporter kenneth begins our coverage from washington. President trumps first major legislative win, a sweeping tax overhaul. We are making America Great again. You havent heard that, have you . The president surrounded by gop lawmakers who helped with the rewrite of the. At a code. The largest in more than three decades. It means jobs, jobs, jobs. The Senate Passed the bill along party lines in the wee hours of the morning. Speaker paul ryan wednesday on a procedural hiccup. The message to the hard working taxpayers of america is your tax relief is on its way. Democrats focused on the tax cuts for the rich. Tax cuts dont lead to job creation. They lead to big ceo salaries and money for the very, very wealthy. Now the republicans are taking their cool victory lap, toasting it with champagne, with their
The people in the bay area are saying yes, if it means less grid lock. A live look from the bay bridge toll plaza. Not busy right now. If only it looked as smooth as this. Right . Well the question is, will toll hikes help in that regard . Abc 7 News Reporter is live tonight with the story. Lillian . Reporter dan and kristin the bay bridge is one of the bridges where the toll could go up by as much as 3. It will likely be fazed in, but a big jump nonetheless. The elected leaders were encouraged to learn that a toll hike plan designed to ease congestion has a good shot at winning at the ballot box. A poll said that 54 of likely voters would support the rate hike. Bay area residents are sick of being stuck in traffic. Reporter the results were presented to the commission and now the question is how to craft the toll hike pro posal, a fazed in approach was the most popular. A dollar in 2019 and another one in 2023 and the last in 2027. If you had 3 out of the gate, you would not be able t