Surrounded right now and authorities warning neighbors to stay indoors. Good evening and we had a great visit in boston tonight. Much more on that coming up later. But we begin tonight with the breaking headline from the white house. President trump unveiling what the white house is calling the biggest tax cut in american history. The new policy unveiled. Its a onepager. President trump wants to slash taxes on corporations by more than half. From 35 to 15 and he wants to cut taxes for many americans, too. Many of familiar tax breaks for ordinary americans would go away. But when pressed for specifics how will thissing affect a typical family of four with a Median Income of 60,000 a year, jonathan karlit reporter its a big ticket item released just before day 100, a plan or, really, an outline of a plan, for what the president says will be the biggest tax cut ever. Its a great plan. Its going to put people back to work. Reporter he talked about it over and over again in the campaign. Yo
Surrounded right now and authorities warning neighbors to stay indoors. Good evening and we had a great visit in boston tonight. Much more on that coming up later. But we begin tonight with the breaking headline from the white house. President trump unveiling what the white house is calling the biggest tax cut in american history. The new policy unveiled. Its a onepager. President trump wants to slash taxes on corporations by more than half. From 35 to 15 and he wants to cut taxes for many americans, too. Many of familiar tax breaks for ordinary americans would go away. But when pressed for specifics how will thissing affect a typical family of four with a Median Income of 60,000 a year, Jonathan Karl with how they answered. Reporter its a big ticket item released just before day 100, a plan or, really, an outline of a plan, for what the president says will be the biggest tax cut ever. Its a great plan. Its going to put people back to work. Reporter he talked about it over and over aga
White house. Set to unveil his longawaited plan to revamp the tax laws. Zeroingen in on a Campaign Promise ahead of his 100day mark. Enough to boost wall street sending the markets surging smashing records many there asking for the specifics behind the highly anticipated tax reform. Peter alexander has the details. The nasdaq above 6,000 for the first time in history. With wall street booming the president s preparing to unveil his new tax reform plan slashing the Corporate Tax rate. Reduction that high is going to cost above 2 trillion. Without a plan to pay for it thats go go ago to explode the debt. House speaker paul ryans proposal for a tax on imports getting poor reviews. Also being floated, removing the popular tax break for contributions to 401k retirement plans. Republican leaders not ruling it out arguing the goal to increase the number of americans saving. Thanks to Peter Alexander for that. We should note that while the white house says their goal is get americans saving sk
Off for school. K9 officers walking through the park. Police finished their search of the area just before the school day ended. Investigators say nothing was found but theyre on a heightened sense of awareness. It was just last month that the officers found the remains of two people less than a mile away. Now the principal did send home a letter to parents letting them know that police were searching the area but she ensured them that it had nothing to do with the middle school. Back to you. Thanks so much. A quick look now at some of the days other top stories. The Trump Administration revealed the president s plans to simplify your taxes. There would be a three tax bracket instead of the current seven brackets with the highest of 35 . Now the standard deduction would double for married couples to 24,000. Charitable giving and mortgage interest would still be deductible. The business tax rate would drop to 15 and the debt tax, thats going to end. Fox news channel kelly wright has joi
Oscarwinning director of silence of the lambs. I ate his liver with some fava beans and a nice chianti. This is the cbs evening captioning sponsored by cbs this is the cbs evening news with scott pelley. 70,000page tax code. Heres Major Garrett on the opening lap. Great plan. Reporter President Trumps plan calls for big corporate and personal tax cuts, but lacks basic details. The president wants to replace the current seven personal tax brackets with three, with rates of 10 , 25 and 35 . His proposal, however, did not give income levels for those brackets. White house economic adviser gary cohn. Do you have income brackets established that youre going to propose to congress . Were holding a bunch of listening groups right now. We have outlines. We have a entered brush view of where theyre going to be. Reporter there were some details eliminate the estate tax and alternative minimum tax. Preserve personal deductions for mortgage interest and charitable donations. And on the business si