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Republican lawmakers proposed the most significant changes to the tax code in 30 years. Businesses big and small could see changes. And so could individuals. House Speaker Paul Ryan pledged action on the legislation. But the proposal ran into opposition almost immediately. Ylan mui tells us whats in the blueprint and where it might go from here. Reporter republicans call it the biggest overhaul of the tax code in a generation. The plan unveiled today creates four new individual tax brackets. The top bracket would remain at 39. 6 and it applies to households making over 1 million in income. The limit for 401 k contributions remains at 18,000. And homeowners will continue to be able to deduct their mortgage interest. However, the deduction for newly purchased homes will go down from 1 million to 500,000. As for the estate tax, it would double immediately from 5. 5 million for individuals to 11 million. However after six years the ....
Off the coast of florida in the atlantic. But the rain is already stretching up to South Carolina and points are closed to all incoming and out going traffic. People here in savannah brace for the worst. If you are in an area thats been told to evacuate and your authorities are telling you that you still have time to evacuate i want to personally plea with you to get out right now. The most powerful storm to threaten the east coast in more than a decade batters the florida coast. Matthew hitting the state with high winds and heavy rains knocking out power for hundreds of thousands. We are very concerned about storm surge. And the worst effects are still likely to come. Officials urging some 2 Million People along the atlantic to move to safer ground. That includes folks in North Carolina where its expected to bring storm ....
Baltimore officer accused in freddie grays death continues this morning. Edward nero is accused of assault, Reckless Endangerment and misconduct in office. News 4s chris gordon is in baltimore covering the case for us. He has the latest on who we may see on the stand today. Reporter the prosecution is presenting a bioengineering expert who testified that the broken neck that freddie gray allegedly sustained in the Police Transport van is very similar to an injury that one would get diving into a shallow pool. This comes on day three of testimony in the trial of officer edward nero. He is charged with assault, Reckless Endangerment and misconduct. Now, the prosecution is expected to call a very unusual witness today. A fellow Bike Patrol Police of ....
The loss of her brother 13yearold chris mackey as she stands before crowd of people wearing a tshirt bearing his picture. Im still in shock, like, i never thought this would happen to my brother. She and another Family Member spoke during a vigil put on my philadelphia cease fire a day after police say chris was accidentally shot to death behind a home on east walnut lane in germantown. They say he was with other teens playing with a gun when it happened. Today a 15yearold boy was charged with unvoluntary manslaughter a second teen a facing lesser charges. They trying to say that it was an accident. Two people got charged for it. Reporter eddie mackey is the victims uncle. My family right now is grieving beyond what i ever could imagine. Reporter a crowd people gathered for this cease fire vigil. We need to come together more often. Not just when theres a time of tragedy. Making a plea for conflict resolution and for people to put ....