Under the GOP bill, here’s who’s going to get a big ‘pass-through’ tax break
One of the biggest changes in the Republican rewrite of the tax code involves a tax rate known as the "pass-through rate." Experts are watching to see how businesses, employers and individuals...
========== HARI SREENIVASAN: Now additional details of
the new tax laws.The rewrite of the tax code, signed by the
president last week, takes effect on Monday.One of its central features and biggest changes
involves a tax rate known as the pass-throughrate.Many experts are watching to see how businesses,
employers and individuals adjust, and whatkind of loopholes it may offer.Correspondent Lisa Desjardins reports on what
that pass-through rate is and who might beaffected.LISA DESJARDINS: In the tax code, not all
business is created equal.Corporations, defined by the fact that they
pay direct corporate taxes, saw the biggesttax cut in the Republican law.That led Republicans to create another tax
break for smaller companies.DONALD TRUMP, President of the United States:
Historic s...