This bill means over 3,000 in tax relief. Protects as a whole i will welcome the 74,000 new jobs headed our way because of tax reform t also means hardworking americans, everywhere are going to see more in their paychecks and they need it so badly. We all know this quote, will rogers, the difference between death and taxes, that death doesnt get worse every Time Congress meets. It is funny but really perfectly captures how most americans have come to feel about our tax code over these past decades because with the tax code we have today americans have seen it get worse and worse and worse. They have seen it get more unfair, more complex, and even more uncompetitive. Well, when congress met today, americans finally saw something different. They saw us all come together, to make our tax system better, for them, in our nation. Today was a major step forward but this is certainly not the last step in our tax reform journey. We still have a way to go. Well continue to listen to the American
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
Woodruff all that and more on tonights pbs newshour. Collette. Celebrating 100 years of travel, together. Bnsf railway. And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Carnegie corporation of new york. Supporting innovations in education, democratic engagement, and the advancement of International Peace and security. At carnegie. Org. And with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff it has been a day marked by major news on two fronts. Republicans in the house of representatives pass a 1. 5 trillion tax package. President trump hailed it a big step on the way to the first overhaul of our tax system in decades. And the cascade of accusations of Sexual Misconduct against men in positions of power continues. Democratic senator al f
The question is, did travelers . Some were in shock when they arrived at sfo today. And saw lines snaking around the airport. I didnt think it would be this busy, but we got here, it was like oh my god, its full. I think people would start traveling, like, next week on monday. Reporter the wednesday before thanksgiving has lost the title. Sfo Officials Say this day, the friday before, has the honor of being the airports busiest travel day of the year. Sanik found this out the hard way last year when she arrived to find lines out the door. We missed our flight last time. We did decide do get here earlier today. Reporter stacey korea timed her wait in the security line. She was very worried her 12yearold son, vincent, was going to miss his flight. They got here super early. I expected heavy crowd because of the thanksgiving holiday. I thought four hours would be sufficient. So im shocked. Yeah. Im disa pointed that he might miss his nigflight. Reporter it wasnt looking good for them. The
This rollover crash on i 280 was one of many problems. Chp wants to remind drivers any time you have your windshield wipers on day or night you also have to have your headlights on. Bill martin is in the weather since her. The rain totals are impressive. We saw rain totals in the Santa Cruz Mountains nearing five inches. Up around the north bay we saw over 3 1 2 inches. Significant earlyseason storm. Some more rain totals. A lot of these totals represent in San Francisco a percentage of what they will get for the entire year. San francisco gets 22 inches of rain per year. They pick up an inch and a half in one storm. Very good news in terms of rainfall totals. In the mountains it is snowing. Higher elevations above the lake around 7000 feet. They might pick up three or four feet of snow in the foothills around grass valley they received 3 1 2 inches. The watersheds did really well in this weather system. It is not raining now. We will see tomorrow with their wet ground we will see the