As the dust settles in Washington over the Senate tax reform, clear winners and losers are emerging. Tobie Stanger, Senior Editor at Consumer Reports, breaks down the pros and cons of this potential bill.
Stanger's clear winners: Those who take the standard deduction, families with dependents, teachers of grades K-12, people with expensive medical bills, and wealthy, self-employed people.
Plus, there is a clause that gives a tax break to people who own golf courses. We'll let you take a guess at who owns several courses in America...
President Joe Biden has met with new House Speaker Mike Johnson at the White House. Johnson was joined by Democratic leader Hakeem Jeffries as they discussed Biden's request for nearly $106 billion for Israel, Ukraine and other national security needs.
The new leader of one of the chambers of Congress that will certify the winner of next year's presidential election helped spearhead the attempt to overturn the last one, raising alarms that Republicans could try to subvert the will of the voters if they remain in power despite safeguards enacted after the 2021 attack on the U.S. Capitol.
