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6-1 approving the cuts. it came after hours of outcry the study before the meeting. reporter: frustration and anger erupted as hundreds came to the oakland school board meeting concerned about cuts to student services special education supplies libraries and staffing. the superintendent said her revise recommendation is $9 million in cuts. 5.2 million cuts from the central office. 23 layoffs and 3.8 million to school sites. we have to do a midyear adjustment as opposed to waiting until next year because we do not have a reserve as a district. reporter: the superintendent says as a former teacher and principal she understands the pain. the district has overspent and now it risk not being able to pay bills or maintain is state- mandated 2% reserve. the puts the district at risk of being taken over by the state. we are one .1 million short of our minimum 2% reserve. this is a mistake you guys made. it should be coming out of your salary rather than the students. repo ....
legislation has not been released. we do have some key provisions. reportedly lowers the corporate tax rate from 35% to 21%. the top individual rate for the wealthiest drops from 39.6% to 37%. the compromise bill caps deduction for state taxes and property taxes at $10,000. it allows a mortgage interest deduction for loans up to $750,000. live coverage caroline shively in washington dc with more. reporter: gop leaders scramble to finish their tax reform bill behind closed doors. trump was out front promising miraculous results. we stand on the verge of a new economic miracle. reporter: pushing aside claims tax reform claims the the typical family of four earning $75,000 was he an income tax cut of more than $2000. slashing their tax bill in half. put mac negotiators are making changes. the corporate tax rate expected to be at 21%. down from the current level of 35%. the top individual tax rate is going down from 39% to about 37%. the mortgage interest deduction w ....
time for you, two and a half seconds before the camera goes on. but i need that little glide time. just take it in through your it s a breathing thing? all right. well, we are going to see how this hour works then. well done, my friend. thank you, rachel. thanks, lawrence. full disclosure, tom melanowskism melanowski is a friend of mine. he s going to be joining us this hour. he was born in poland when it was in communist control. when he was 6 years old he fled to the united states with his mother, grew up in new jersey. i met tom when we both started working for senator daniel patrick moynihan around the same time in 1988. tom has spent his life concerned with human rights in his work in senator moynihan s office and then in president clinton s national security council where he was a senior director and then as the chief advocate for human rights watch and then as president obama s assistant secretary of state for democracy rights and labor. i could hav ....
time for you, two and a half seconds before the camera goes on. but i need that little glide time. just take it in through your it s a breathing thing? all right. well, we are going to see how this hour works then. well done, my friend. thank you, rachel. thanks, lawrence. full disclosure, tom melanowski is a friend of mine. he s going to be joining us this hour. he was born in poland when it was in communist control. when he was 6 years old he fled to the united states with his mother, grew up in new jersey. i met tom when we both started working for senator daniel patrick moynihan around the same time in 1988. tom has spent his life concerned with human rights in his work in senator moynihan s office and then in president clinton s national security council where he was a senior director and then as the chief advocate for human rights watch and then as president obama s assistant secretary of state for democracy rights and labor. i could have known what ....