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and the association of southeast asian summit in the phillipines. . unveiled their proposal with the u.s. tax code. this is not the end of the story. they still need senate republicans to get on board. here to talk to us about where the legislation stands, the capitol hill reporter from 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 ja ....
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 ....
didn t have much to say to us. i got nothing more to say. reporter: did your daughter have any involvement with the you heard the charges. reporter: police have recovered five weapons taken from the victim s house but they re looking for stolen after fickran artifacts and several gems. police are looking for a connection with the murder. we do have reservations for one small room for one person in particular. reporter: so the defendant is being held without bail. khalil, her bail was set by the judge at $50,000 cash and both of them will be back here in court to face a judge again next month. live in plymouth tonight, steve cooper, 7 news. armed robbers on the run in concord, new hampshire. police say the suspects tarted a gas station. one man went inside, flashed a gun and demanded cash while the other kept wash. once they got money they took off running. anyone with information is asked to call police. a man in merrimack, new after police hi he was fir ....
hello and welcome. i am mark barton. a warm welcome to the first hour of the program. it is 6:00 a.m. in london. let s get to the top story. more than 100 world leaders gathered in new york for a united nations summit on climate change. among them was u.s. president obama urging action while there is still time. there is one issue that will define the contours of the century more genetically than any other. and that is the urgent and of a changing climate. the chinese delegation was there. some commentators suggesting these are bold commitments coming. bigger than they have made in the past. president obama saying the u.n. money is helping emerging markets. key to this conversation is the level of development. obama has called climate change, which was a key part of it hasction campaign not been embraced by everyone in congress. this is the moment when the rise of the oceans began to slow and our planet begin to heal. they almost laughed at him. they say he woul ....