Conway: ‘We’re So Hopeful’ Tax Cuts Will Pass & Trump Will Sign It in Time for Christmas
CONWAY: "We are so hopeful it’s going to pass. The president will sign this in time for Christmas. This will help middle America because the standard deduction is doubled for everyone. The married couple will go to if the first 28,000 at zero percent. Also they will get a reduction in the tax bracket itself, operate they pay on the taxable income. If that couple has children, they will get the childcare tax credit expand. If they have mortgage insurance, the deduction remains. If they give money to charity, that remains. The other thing is by reducing the corporate rate from the high of 35% in the developed world to 20% to the average of 23%. That makes us a competitive nation."