And is that going to help you have a better christmas . Yes, definitely. This is the cbs weekend news. Make it, and maybe can even make it more generous. Reporter the bill nearly doubles the standard deduction for individuals and married couples. State and local taxes can still be written off but are now capped at 10,000. And it delivers on another g. O. P. Promise eliminating the Obamacare Mandate penalty tax. I wasnt ewasnt going to vote for a bill that ignored working people. Reporter floridas republican senator marco rubio only backed the bill after securing an increase in the refundable portion of its child tax credit, now up to 1400. Fellow holdout, bob corker, is also supporting the bill saying it is far from perfect, but an opportunity to make u. S. Businesses more competitive. Democrats, without enough votes to stop the legislation, insist it wont benefit the middle class. In every iteration, the g. O. P. Tax scam becomes even more cowardly, outrageous, dishonest, brazen theft
Ninan and a Christmas Tree tradition rooted in kindness. And is that going to help you have a better christmas . Yes, definitely. This is the cbs weekend news. Ninan good evening. Im reena ninan. Congressional republicans are on the verge of delivering item number one on President Trumps holiday wish list an overhaul of the tax system. Theyre expected to vote early week. Mr. Trump is spending the weekend at camp david, the president ial retreat in maryland. Errol barnett has more on whats inside the 500page bill. This is going to be one of the great Christmas Gifts to middleincome people. Reporter on his way to camp david, President Trump sold the tax reform bill as a benefit for the middle class. But the bill slashes the Corporate Tax rate permanently from 35 to 21 . Most of the personal tax cuts expire in 2025. Reporter why are the middle class tax cuts temporary . Whichever the administration is, in years from now, theyll make it, and maybe can even make it more generous. Reporter t
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