President trump, the billionaire businessman who stormed his way into the white house, set to unveil his longawaited plan to revamp the tax laws. Zeroing in on a Campaign Promise ahead of his 100day mark. Enough to boost wall street sending the markets surging smashing records many there asking for the specifics behind the highly anticipated tax reform. Nbcs Peter Alexander has those details. The nasdaq above 6,000 for the first time in history. With wall street booming the president s preparing to unveil his new tax reform plan slashing the Corporate Tax rate from 35 to 15 . A rate reduction that high is going to cost above 2 trillion. Without a plan to pay for it, thats going to explode the debt. Reporter how to pay for the tax cut a major sticking point. House speaker paul ryans proposal for a tax on imports getting poor reviews. Also being floated, removing the popular tax break for contributions to 401 k retirement plans. Republican leaders not ruling it out arguing the goal to in
Trump called the leaders of mexico and canada explicitly telling them the United States would not be pulling out of the north American Free trade agreement just hours after the administration said he was considering an executive order to do just that in a surprise announcement the white house said the president quote agreed not to terminate nafta at this time and the leaders agree to proceed swiftly. The reaction from mexico came swiftly with the peso surging on the overnight development. The news comes as the white house unveiled the massive tax cut proposal, the white house calling it the largest tax cut in history. Claiming it could offer many relief. What does the plan do . It reduces the number of individual income tax brackets from seven to three. 10 , 25 and 35 . The plan doubles the standard deduction for individuals and married couples, that would leave more money in peoples taxes and make filing taxes easier. There is a but here. It would also slash the Corporate Tax rate dow
White house. Set to unveil his longawaited plan to revamp the tax laws. Zeroingen in on a Campaign Promise ahead of his 100day mark. Enough to boost wall street sending the markets surging smashing records many there asking for the specifics behind the highly anticipated tax reform. Peter alexander has the details. The nasdaq above 6,000 for the first time in history. With wall street booming the president s preparing to unveil his new tax reform plan slashing the Corporate Tax rate. Reduction that high is going to cost above 2 trillion. Without a plan to pay for it thats go go ago to explode the debt. House speaker paul ryans proposal for a tax on imports getting poor reviews. Also being floated, removing the popular tax break for contributions to 401k retirement plans. Republican leaders not ruling it out arguing the goal to increase the number of americans saving. Thanks to Peter Alexander for that. We should note that while the white house says their goal is get americans saving sk
A Surprising New twist tonight with bachelor chris soules and the car crash that took a mans life. It turns out that chris may not be the only one in legal trouble. Were on the ground in iowa the latest developments. The former bachelor is speaking out for the First Time Since the accident. In a statement he says, quote my family and i are overwhelmed with this tragedy, but we are sticking together and well get through it. So, where is chris soules right now . Well, hes been in hiding ever since posting bail on tuesday. No one appeared to be at his rural northeast iowa home today. But hes believed in the area. A court has ordered that his movements be monitored by an electronic ankle monitor. And you wont find any clues on instagram the reality star has deleted all of his social media accounts. Were taking this investigation very seriously. The county sheriff tells e. T. The Media Attention has led to an unusually high number of tips and potential leads. He wont comment on specifics of
Bachelor star chris soules, one he made himself, before police say he fled the scene. Is he breathing, sir . I cant tell. This morning, a new twist, investigators trying to find out who drove him home. And up in the air. A woman casually takes a seat on a crane 12 stories high forcing a delicate and dangerous twoandahalfhour rescue. What did she say to you . Im okay, how you doing . Im doing good, just hope we can get out of this together. Now shes under arrest. Why she was up there, still in the first place a mystery today, thursday, april 27, 2017. From nbc news, this is today with matt lauer and savannah guthrie. Live from stood studio isa in rockefeller plaza. Good morning, everyone. Welcome to today on a thursday morning. I guess you file that last one in the category of things you dont see every day. But luckily it ended okay. Yeah, but a dangerous situation there. Well have more on that in a moment. But were going to begin on this thursday morning with a real flurry of activity