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State income tax and city income tax. we do, and you know what we do with those revenues, lower the tax rates for everyone, including families in high state, high tax states. here is our view. this isn t a red state blue state thing, we want families and congressman zeldon s district to be better off after tax reform. we restored that state and local property deductions because we were listening to congressman and others in these tax states, and will continue to listen to lee zeldon and others to make sure we can get this light for his family. you have, you probably have the votes, i m guessing with, in the house, you ve got a problem though in the senate, you can t lose more than two as you know there s a 52-48 majority and the democrats look like they re pretty much united against it, marco rubio yeah he just tweeted i ll read it to you mr. chairman, he said it s only starting point by $600 ....
Technically five brackets. the high earners, 39.6% will stay in place as of now. standard deduction goes to $12,000. and married couples goes to $24,000. expands the tax credit for parents. credit of $300 for each child and non-child dependent. the mortgage home interest deduction will be maintained for new homes up to $500,000. people will be able to write-off the cost of state and local property deductions up to $10,000 and this will be a controversial item. we ll see where that goes. you can still maintain your savings option, the 401(k), that s a big deal. amt, alternative minimum tax is repealed. the death tax are repealed after six years. some details now bleeding out, as we say, on the republican ....