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Throwing on her way out the door. But i want to start with taxes and our team covering the white house and capitol hill. Lets start with kasie hunt behind me. Kasie, lets talk bottom line here. What do we know about this compromise plan, whats in, whats out and then the timing of when folks might see something from this tax cut. Hallie, there are ts to cross and is to dot but we know the broad agreements so we can show you those details on the screen. The Corporate Tax rate will go down to 21 from 35 . Thats a little higher than the 20 rate the president had been hoping they would hit but it helps cover other changes theyve made. Theyre lowering the top individual tax rate to 37 . Theyre doubling the standard deduction, for people who take the standard deduction on their taxes that will feel like a tax break right away for them. This will impact you differently if you live in a state with high state and local taxes because as you you can see, the state and local Tax Deduction is capped
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