{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='House Republicans reveal long awaited tax plan' data-url='/boclips/videos/5c54d66cd8eafeecae2038a6' data-video-url='/boclips/videos/5c54d66cd8eafeecae2038a6' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nHouse Republicans reveal long awaited tax plan\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eHouse Republicans have released their tax cut plan - and it would slash the corporate tax rate, lowers taxes for most people and limit a cherished deduction for homeowners.              President Donald Trump and the GOP are trying to...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eHouse Republicans have released their tax cut plan - and it would slash the corporate tax rate, lowers taxes for most people and limit a cherished deduction for homeowners.\u003cbr/\u003e              President Donald Trump and the GOP are trying to deliver on the first tax revamp in three decades.\u003cbr/\u003e              The proposal would add $1.5 trillion to the nation's debt over the next decade.\u003cbr/\u003e              Middle-income families would pay less thanks to doubling of the standard deduction and an increase in the child tax credit.\u003cbr/\u003e              The wealthy would benefit from the repeal of the alternative minimum tax and a phase out of the estate tax.\u003cbr/\u003e              Some two-income, upper middle class families would pay more after being bumped into a higher tax bracket and losing a valuable deduction on state income taxes.\u003cbr/\u003e            \u003cbr/\u003e\u003cbr/\u003e              Washington - 2 November 2017\u003cbr/\u003e              1. UPSOUND (English) Wide, Paul Ryan thanking families attending event:\u003cbr/\u003e              \"First, I want to thank these families for taking time out of their day to join us. Welcome and it's great to have you here with us today.  You are who this is all about.\"\u003cbr/\u003e              2. SOUNDBITE (English) Paul Ryan, Speaker of the House:\u003cbr/\u003e              \"The Tax Cut and Jobs Act will deliver real relief for people in the middle, people who are also striving to get there. With this plan, the typical family of four will save $1,182 a year on their taxes. For many families having an additional $1,182 more will make a real difference.\" \u003cbr/\u003e              3. Mid, news conference\u003cbr/\u003e              4. SOUNDBITE (English) Paul Ryan, Speaker of the House:\u003cbr/\u003e              \"With this plan we are getting rid of loopholes for special interests and we are leveling the playing field. We're making things so simple we're making things so simple that you can do your taxes on a form the size of a postcard.  With this plan we are making pro-growth reforms so that yes America can compete with the rest of the world. But we're also making it so that families like these that are here can have more take home pay. This is it. This is a very important and special moment for our country, for all Americans. Are we going to let the defenders of the status quo win and see our country continue down this downward spiral? Or are we going to realize the promise of our country. Are we going to revitalize the American idea. This is our chance to make sure that generations to come don't just get by. They get ahead in this country.\"\u003cbr/\u003e              5. Wide, audience applauding\u003cbr/\u003e              6. SOUNDBITE (English) Rep. Kevin Brady, Republican - Texas, Chairman House Ways and means Committee:\u003cbr/\u003e              \"Real relief from today's complex costly and unfair tax code is on the way.  With this bill is really for real American families, there's relief for American workers and there's tax relief for a hard working job creators of all sizes.\"\u003cbr/\u003e              7. Wide\u003cbr/\u003e              8. SOUNDBITE (English) Paul Ryan, Speaker of the House:\u003cbr/\u003e              \"Political will is strong and you can see it right here.  We have not reformed the tax code since 1986. The world is passing this country by and we are losing jobs and companies as a result of it, so the political will among the members here in the House, as shown by the members of the Ways and Means Committee, is ironclad to get this done because if we don't do this we will not get the kind of economic potential that we know we can reach.  And, the fact that people are living paycheck to paycheck in this country, about half the people are living that ... they need a break.  So, yes the focus is on middle class tax relief.  The focus is directing that tax relief to the people in the middle and the people who are trying to get there and that is why we put our emphasis on that tax relief for those people who are in the middle, who are working paycheck to paycheck, striving to get ahead and what Kevin (Brady) just said, we've got to modernize our tax code so we can be competitive again, so that we can keep jobs in this country, so that we can keep businesses in this country.\"\u003cbr/\u003e              9. SOUNDBITE (English) Paul Ryan, Speaker of the House:\u003cbr/\u003e              (Reporter: If Republicans can't get this done, do you deserve to control the Congress?) What's your second question?  We're going to get this done, you know why? Because the American people are counting on us.  We are going to get this done because we told the American people this is what we are going to do, if we get this majority and guess what, we are doing it.  Thank you everybody, we appreciate it.\"\u003cbr/\u003e              10. 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