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Transcripts For KQED Nightly Business Report 20171110

Today, all triggered by headlines about the gop tax plan. The big fear for the market, the steep cuts in the Corporate Tax rate may be pushed back until 2019. And with that, stocks sold off, though eventually they cut some of those losses. The dow finished the day down 101 points to23,461. The nasdaq dropped 39. The s p 500 was off nine. The tax wrangling included, today, the passage of the legislation by a house panel. That paves the way for a full house vote next week according to majority leader kevin mccarthy. But what moved stocks today was not news but details from the newly released Senate Version of a proposed law. Ylan mui has more. Reporter the senate releasing its longawaited tax plan today. That proposal would delay the deduction in the Corporate Tax rate by one year. It wouldnt get down to 20 until 2019 but it would stay there permanently. It would limit the companiess ability to deduct interest. There are big changes on the individual side as well. The senate bill would k

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