Captioning sponsored by cbs this is the cbs evening news with jeff glor. Glor good evening. It is looking more like the president will get his christmas wish, a tax cut bill. Republican leaders today rolled out the final version of their plan. They expect the house to vote on tuesday followed by the senate. Key g. O. P. Holdouts fell in line today, and nancy cordes is on capitol hill. We have delivered for the american people. Reporter the bill republicans filed tonight reflects months of haggling and decades of g. O. P. Yearning for deep tax cuts. The final plan retains seven personal tax brackets, though the rates would drop for almost everyone. A family making 75,000 a year would see its marginal rate go from 15 to 12. With so much at stake, the bills authors were tightlipped until the very end on what was in and what was out. What has happened to the Child Tax Credit . Im not going to comment on the content of the bill. Reporter Republican Leaders made an 11thhour change to secure
Bill. Captioning sponsored by cbs this is the cbs evening news with jeff glor. Tax credit . Im not going to comment on the content of the bill. Reporter Republican Leaders made an 11thhour change to secure the support of two g. O. P. Senators. They boosted the refundable portion of a new supersized Child Tax Credit to 1400, meaning lowincome parents pocket that cash, even if they dont owe taxes. Another holdout, tennessees bob corker, set aside his concerns about want bills cost calling it a onceinageneration opportunity to make u. S. Businesses more product and i have competitive. The bill slashes the Corporate Tax rate permanently from 35 to 21 . Most of the personal tax cuts would expire in 2025. I do predict both the house and senate will approve this tax reform bill. Hey, guys, how are you . Reporter but its still unclear whether two ailing g. O. P. Senators will be able to return for next weeks vote. John mccain . Well, i i dont want to go there because i think john mccain will b
This is the cbs evening news with jeff glor. Glor and this is our western edition. Good evening. It is looking more like the president will get his christmas wish, a tax cut bill. Republican leaders today rolled out the final version of their plan. They expect the house to vote on tuesday followed by the senate. Key g. O. P. Holdouts fell in line today, and nancy cordes is on capitol hill. We have delivered for the american people. Reporter the bill republicans filed tonight reflects months of haggling and g cades of g. O. P. Yearning for deep tax cuts. The final plan retains seven personal tax brackets, though the rates would drop for almost everyone. A family making 75,000 a year would see its marginal rate go from 15 to 12 . With so much at stake, the bills authors were tightlipped until the very end on what was in and what was out. What has happened to the Child Tax Credit . Im not going to comment on the content of the bill. Reporter Republican Leaders made an 11thhour change to s