More time tomorrow. In the meantime, the senate is expected to pass the bill any minute now. A live look at the senate floor where a vote will happen this evening. Then President Trump will sign this bill into law before christmas. What does this mean for you . Americans will receive a tax cut and families will now get a bigger child tax credit. But a new 10,000 cap on state and local property Tax Deductions could be painful if you own a home. The biggest winners of the tax overhaul are corporations and wall street. The biggest losers older and poor americans. And people in new jersey, a high tax, high income state. Whether you own a home determines whether you win or lose. Homeownership will have a major impact, especially like the city of philadelphia. Keep in mind, the core of this tax plan is all about that Corporate Tax cut that is intended to get Companies Adding jobs and increasing your pay. Applause erupted on the floor of the house this afternoon as the first tax overhaul vote
How can i benefit the tax plan to my benefit. Stanley pays 16,000 a year in property taxes on his Egg Harbor Township home. The republican tax overhaul caps the deduction for state, local and property taxes at 10,000. Leaves me short about 6,500 in taxes that i can no longer write off. The most Significant Impact is on those with high property taxes and in new jersey we tend to have pretty high property taxes. Reporter this cpa says if you can, take part of next years property taxes before 201 comes to an end. You will have the benefit of this tax year taking the extra duction on your local property taxes. Before the changes go into effect. Reporter hes worried what the changes could mean for Property Values and wonders if it will become tougher to sell a home in new jersey. A real estate expert tells me the concerns are valid. Just the total cost of the taxes in new jersey, that alone just trying to get over that and now you can only write off 10,000. Thats a double whammy. Reporter t
Block. Whoever did this needs to be caught. Reporter its hard for family to understand why anyone would kill 85 yearold willy cooper. He lived in West Philadelphia his whole life. Theyre forced to watch investigators comb through his house for evidence. Catch them. When they do i hope they rot. Because he never hurt anybody. Cooper was found stabbed to death by a rel thif afternoon. Neighbor and friend has lived on the block since the 1960s. And described him as the shirt of his back kind of man. Its the same sentiment echoed by his grandson. More than ever now he holds dear a photograph of his daughter and grandfather. The person that did this i need to understand why. What was the reason. He was too good of a person to even kill him. Reporter investigators say there are signs of force. Its not clear if thats a forced entry or exit. The 85 yearold family wants him remembered as a selfless man. Dedicated to making others smile. Turn yourself in. Cooler was a good man. Cooper was a good
Deflect and distort and distract from us find someone else to blame is charting a very dangerous path no president ever have dominion over objective reality let us resolve to be allies of the truth and not partners in this destruction. Also coming up tonight north and south korea. And the same fate if a Nuclear Conflict were to ever break out what comes next month theyll share something very different teen spirit. South and north korea will march together under one flag at the Opening Ceremony of the kyung chang Winter Olympics and. We begin the day drawing parallels between a u. S. President and a soviet dictator just as the first year of the trunk presidency draws to a close today in a speech before the u. S. Senate but clearly written for a global audience u. S. Senator jeff flake a republican from arizona ripped into u. S. President donald trump for terrorizing the truth he said that trumps use of the term fake news had alienated americas allies any embolden the worlds despots and
Despots enemy it is the peoples right to criticize their government and it is our job to take it an american president who cannot take credit ever have dominion over objective reality let us resolve to be allies of the truth and not partners in this destruction. Also coming up tonight north and south korea they share a peninsula a language and the same fate if a Nuclear Conflict were to ever break out what comes next month theyll share something very different teen spirit. And the south and north korea will march together under one flag at the Opening Ceremony of the kyung chang Winter Olympics. Or we begin the day drawing parallels between a u. S. President and a soviet dictator just as the first year of the trunk presidency draws to a close today in a speech before the u. S. Senate but clearly written for a global audience u. S. Senator jeff flake a republican from arizona ripped into u. S. President donald trump for terrorizing the truth he said that trumps use of the term fake news