Stay updated with breaking news from Justin scorza. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
code. this is not the end of the story. while the president has endorsed it, he still need senate republicans to get on board. here to talk to us about where they stand in the specifics, laura davison, a reporter with bloomberg tech, and mike debonis from the washington post. thank you for being here. let s start with the major changes, what do you think they are. to begin?e it is touching virtually 100% of the american economy, every taxpayer will be affected. for individuals, the structure of the tax bracket, most but not all will be in the lower bracket. people take a standard induction will get a larger standard deduction. many of the credits and deductions people are used to taking will be eliminated. on the business side, for a lower tax rate going from 35% to 20% flat. we refer to as pass-throughs, passes through to individuals. they re are eligible for a new, lower tax rate. a whole lot of little things around this bill that are having an effect on people s live ....
bloomberg and the reporter from the washington post. what do you think the major changes are? guest: this is touching 100% of the american economy in every taxpayer will be affected. for individuals, they are changing the structure of the brackets. people who take the standard adduction will get a larger standard deduction. many of the credits and deductions people are used to taking will be eliminated. side, business toporations will go from 35% 20%. let businesses will earnings pastor to individuals. changes on the international earnings of american companies. thingsre a lot of little that have an effect on lives. credit, vehicle tax people who bought an electric things little tesla january 2 next year, it s going to cost $7,500 more. that s a big change. it s a big change or a lot of people. you first saw what they were trying to do, what was your thought? guest: homeowners are going to be affected by this. two of the revenue raisers are eliminating these eight in lo ....
reform this week. in the business section, you lay out graphic. megan: we took a close look at the house plan. it is a serious attempt to implement major changes to the u.s. tax structure. but also there is so much at stake politically. it is fascinating that a year after the election, we are now getting to what republicans universally say is the real thing that they have to get, tax reform. when anyone tries to get this done, there is a reason why it has failed in the past. the u.s. tax code is so complex and there are so many vested industries and people and sectors and special interest groups that relied on parts of the tax code that in a normal, intelligence system you would have not had in there. what is fascinating about the house tax plan is how much that it raises the deficit which has long been anathema for republicans. but also to make the numbers work, how much they look at smaller, limited parts of the code that will make a difference. julia: it is ok when y ....
berry in tears on the set of her new movie. thank you, everybody. now for july 27, 2017, this is entertainment tonight. the drama for justin bieber as a photographer gets hit by his truck. thanks for joining us, everybody. the pop star canceled his tour on monday to calm his life down, but it seems like trouble has a way of finding this guy. i feel bad for him. in this situation i agree with you. here s how last night s craziness unfolded. justin. justin left the beverly hills church around 9:24 p.m. how you been, my man? the paparazzi was waiting. swarmed around, as bieber climbed into his black monster truck. watch what happens as he pulls away. oh, my god. wait! here s the moment again. you can see right there. he appears to get his leg caught in the pickup at wheel well. what did it look like for the photog who was hit? here s the angle from his camera. he starts in front of justin s truck and is moving to the side when suddenly oh, my ....
tough overnight in ohio, disaster strikes in columbus on the first day of the ohio state fair. a ride mall functions killing one person and injuring seven others. it led to this disturbing scene. the pendulum crashed into something and broke a part sending riders flying through the air. one witness said she was in line for the ride and saw the disaster unfold. it was at its highest points. i saw somebody fall. a minute later the whole thing hit the ground. three of the injured were hospitalized. there s no explanation what caused the deadly mall function. the ride was checked over several times this week and inspection team signed off on it earlier in the day. john kasich ordered a full investigation into the incident and ordered all fair rides shut down dill additional safety inspections can be completed. after politico published a report that anthony scaramucci stands to profit from his new appointment, releasing his financial disclosure form leading scaramucci to ....