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Transcripts For CNNW CNN Newsroom With Brooke Baldwin 20171219 19:00:00

Caps Mortgage Interest Rate deductions at 750,000. And caps the state and local Tax Deductions at 10,000. Now, on the tax brackets that weve been talking so much about, this actually, this proposal, this bill that they are voting on keeps 7 personal incomes tax brackets. Lowest stays there with 10 . But lowers top individual rate. Down from 39. 6 to now 37 . So a lot of details with massive massive tax overhaul. But again at the end of the day today, republicans looking for a win. Sunlen, thank you so much. Well ta in close contact with you and keep your eyes on the screen here on the house floor as the vote is set to get under way. And after the fact a massive victory lap over at the white house. Before we get there, i have with at all. And so thats going to be really interesting to watch next year. You know, especially in those districts where you have vulnerable republicans and the Hillary Clinton won in 2016. Maybe this is the message to help some of those republicans, abby, i saw

Detailed text transcripts for TV channel - CNN - 20171219:19:04:00

caps mortgage interest rate deductions at $750,000. and caps the state and local tax deductions at $10,000. now, on the tax brackets that we ve been talking so much about, this actually, this proposal, this bill that they are voting on keeps 7 personal incomes tax brackets. lowest stays there with 10%. but lowers top individual rate. down from 39.6% to now 37%. so a lot of details with massive massive tax overhaul. but again at the end of the day today, republicans looking for a win. sunlen, thank you so much. we ll ta in close contact with you and keep your eyes on the screen here on the house floor as the vote is set to get under way. and after the fact a massive victory lap over at the white house. before we get there, i have with

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