Now to more breaking news that impacts every american. Within the past 90 minutes the house passed the biggest reshaping of the tax code in three decades. The senate is expected to follow with its vote tonight. The sweeping 1. 5 trillion package would touch every taxpayer and every corner of the economy. It provides steep tax cuts for businesses and the wealthy. And more modest tax cuts for middle and lowincome families. Heres a look at some of the potential winners and losers under this plan. On the winning side, corporations and tax preparers. Losers include high tax, high income states like new jersey. Obamacare customers and older and americans who are more poor. The president tweeted stocks and the economy have a long way to go after the tax cut bill is totally understood and appreciated in scope and size. Immediate expensing will have a big impact. Biggest tax cuts and reform ever passed. Enjoy and create many beautiful jobs. Our coverage of the story continues with jgeorge spenc
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
What flavor did you go for . Holiday blend. As long as its available, im going for the holiday blend. Nice. Youll need it, too. Look at the wind gusts. Its picked up in the last hour or so in lanetown and coates in allentown and coatesville. Making it feel like low 40s. Well be dealing with the windchill through the day. Right on through the afternoon. Temperatures in the 40s. Feels leak temperatures in the 30s. No wind in new jersey now. 50 degrees. Its actually at 12 miles per hour, the wind. 48 degrees in the Lehigh Valley. In delaware, 44. This afternoon, temperatures will be lower in the Lehigh Valley. The gusty winds bring it down to 42 degrees. Looking at 40s across the board for philadelphia, new jersey, delaware, it will be dry. Bundle up. And come see us. Well be here until 9 00 this morning. Were really shining a spotlight on this community. What a great place to shop this time of year. I heard you saying how youre procrastinators, well show you great places to shop coming u
Sweet. Theyre could welcoming us here. Come by, free coffee for all until 9 00 this morning. And coming up, well shine a spotlight on the community. Melissa is making the coffee and says it usually is busier now. Im expecting a crush any minute n now. Somebodys holding back. Maybe theyre watching to see whats happening before they come to their favorite wawa. Maybe theyre hitting the closet for warmer gary because its getting cold outside. Right. Dont let the temperature fool you. The breeze out here is chilly. It has picked up, yeah. The winds in the Lehigh Valley gusting to more than 30 Miles Per Hour. Steady in allentown at 21 Miles Per Hour. Thats chillier air thats working its way into the area. A warmer start in some neighborhoods than it would be this afternoon. That would be delaware and south jersey. Look at the feelslike temperatures in the Lehigh Valley. Allentown, reading, lancaster, feels like 30s. You can expect that kind of wind and schil during the day in the rest of th
Outside that has some bombs. You people are going get it and im going to ignite it if they try to do anything stupid. No explosives are ever found. At 4 21 a. M. , police pull an air conditioning unit evacuating a group of survivors. The chief of police stressing there was no gunfire in the three hours it took for s. W. A. T. Teams to take mateen down. I think there was this misconception that we didnt do anything for three hours and im just trying to clarify thats absolutely not true. We have been training for this situation for many, many years since columbine, since 9 11. Reporter factors that add to an already complex investigation, abc news learning days before the standoff mateen spent 9,000 on jewelry, two months earlier he signed over his interest in this florida home he owned with this father for just 100. And the fbi initially releasing portions of that 911 call in written form omitting any reference to radical islam. They later corrected course after get something criticism