As we know them may disappear. But first, a booming billiondollar industry on e frontier of technology that encompasses gaming, medicine, and manufacturing. Kate rogers has our cover story on a business where the name is virtual but the opportunities are very real. Jesus noland grew up with a love of gaming and computers. At 30 years old he found an opportunity to combine the two working as a developer in virtual and augmented reality. The best thing about working in this field is being able to solve creative problems on a daily basis. Noland is a developer at eon reality in irvine, california. The company designs applications to help train workers in varying industries. For example, exxonmobil has used eons immersive Virtual Reality platform to train rormts and engineers in oil and gas production. Vr and a. R. Industry is really young. So theres a Great Potential for new applications that can be built by creators. Reporter the u. S. Is on track to spend some as the application of this
Encompasses gaming, medicine, and manufacturing. Kate rogers has our cover story on a business where the name is virtual but the opportunities are very real. Jesus noland grew up with a love of gaming and computers. At 30 years old he found an opportunity to combine the two working as a developer in virtual and augmented reality. The best thing about working in this field is being able to solve creative problems on a daily basis. Noland is a developer at eon reality in irvine, california. The company designs applications to help train workers in varying industries. For example, exxonmobil has used eons immersive Virtual Reality platform to train rormts and engineers in oil and gas production. Vr and a. R. Industry is really young. So theres a Great Potential for new applications that can be built by creators. Reporter the u. S. Is on track to spend some 3 billion on vr and a. R. This year. As the application of this technology spreads to medicine, transportation, education, energy, and
The Treasury Department today said the new tax bill will generate 1. 8 trillion in new revenue over ten years, thanks to increased economic growe tha from the nonpartisan joint committee on taxation. As the numbers get crunched, lawmakers are trying to get the final bill across that finish line by resolving differences between the. Those differences include the number of tax brackets, the limit on the mortgage interest deduction, and medical expense deductions, among other things. The negotiations come just weeks before the end of the year, a key time for tax planning, making it also a very confusing time for many americans, but there are some potentially moneysaving strategies you can employ. Sharon epperson joins us now with that tonight. Its always good to see you, sharon. Good to be here. Lets start, first of all, with yearend tax planning. Its always important, but more so this year, righ manager so t. The taxsaving strategies were going to talk about are some of the best gifts yo
Is outside the white house, elon is there in washington standing by with the latest on the tax bill itself. Lets start with you, what do we know about this event coming up . Reporter theyre not actually going to do a bill signing. The sbil not ready to be signed just yet, but this is very much a Party Atmosphere here on the south lawn of the white house. We have the marine band going through a list of Christmas Carols a few moments ago theyre serving hot drinking over here. Some of the vips and dignitaries have gathered in the audience. You can see behind me, republican members of congress lined up on the steps just above the south port co. Here on the south lawn of the white house. This is a unified Republican Party right now. Theyve been through a lot of tough infighting particularly over obamacare, this is a big win. This is a moment in which youve seen the president of the United States already today handing out praise to republican leaders, some of whom hes been attacking earlier
Welcome, everybody. Congress approved the most sweeping overhaul of the u. S. Tax code in decades. Altering the finances for businesses big and small and households across america. The rewrite is the biggest legislative achievement for republicans since they gained control of the white house and both chambers of congress. The Senate Passed the measure overnight. The house passed it again after a snag that we told you about yesterday forced another vote today. Its been an amazing experience, i to tell you. Hasnt been done in 34 years. But actually really hasnt been done because we broke every record. Its the largest i always say the most massive but its the largest tax cut in the history of our country. And re the president hasnt signed the bill into law quite yet. And he may wait until january. The timing depends on the outcome of separate ta speaking of which, agreeing to a spending bill is the next legislative challenge. And lawmakers only have a few days to do it or risk a governmen