{"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='What Tax Overhaul Means for Your Family' data-url='/boclips/videos/5c54d6bfd8eafeecae2060ec' data-video-url='/boclips/videos/5c54d6bfd8eafeecae2060ec' 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\nWhat Tax Overhaul Means for Your Family\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'\u003eRESTRICTION SUMMARY:               SHOTLIST:              ASSOCIATED PRESS - AP CLIENTS ONLY              Alpharetta, Georgia - 20 December 2017              1. Tracy Russ holds toddler in kitchen              2. Various as Russ reads to...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eRESTRICTION SUMMARY: \u003cbr/\u003e              SHOTLIST:\u003cbr/\u003e              ASSOCIATED PRESS - AP CLIENTS ONLY\u003cbr/\u003e              Alpharetta, Georgia - 20 December 2017\u003cbr/\u003e              1. Tracy Russ holds toddler in kitchen\u003cbr/\u003e              2. Various as Russ reads to three kids\u003cbr/\u003e              3. Russ with kids in kitchen\u003cbr/\u003e              4. SOUNDBITE (English) Tracy Russ, small business owner (script below)\u003cbr/\u003e              ++PARTLY COVERED BY VIDEO++\u003cbr/\u003e              ASSOCIATED PRESS - AP CLIENTS ONLY\u003cbr/\u003e              Washington - 20 December 2017\u003cbr/\u003e              5. House Speaker Paul Ryan strikes with gavel\u003cbr/\u003e              6. Ryan address House of Representatives\u003cbr/\u003e              7. Rep. Steney Hoyer speaking on House floor\u003cbr/\u003e              8. Wide shot of Minority Leader Nancy Pelosi on House floor\u003cbr/\u003e              9.  UPSOUND(English) Rep. Nancy Pelosi, House Minority Leader (script below)\u003cbr/\u003e              ASSOCIATED PRESS - AP CLIENTS ONLY\u003cbr/\u003e              Washington - 21 December 2017\u003cbr/\u003e              10. Speaker of the House Paul Ryan and Sen. Orrin Hatch signing bill\u003cbr/\u003e              11. Republicans at signing ceremony\u003cbr/\u003e              ASSOCIATED PRESS - AP CLIENTS ONLY\u003cbr/\u003e              Washington - 20 December 2017\u003cbr/\u003e              12. President Donald Trump thanks lawmakers at tax bill passage event\u003cbr/\u003e              13. President Trump shakes hands with lawmakers\u003cbr/\u003e              ASSOCIATED PRESS - AP CLIENTS ONLY\u003cbr/\u003e              Chicago - 19 December 2017\u003cbr/\u003e              14. SOUNDBITE (English), Gregory Winters, tax attorney, Burke, Warren, MacKay \u0026 Serritella (script below)\u003cbr/\u003e              ++PARTLY COVERED BY VIDEO++\u003cbr/\u003e              ASSOCIATED PRESS - AP CLIENTS ONLY\u003cbr/\u003e              Dublin, California - 20 December 2017\u003cbr/\u003e              15. Drive-by of homes in Dublin neighborhood\u003cbr/\u003e              16. Real estate sign\u003cbr/\u003e              17. Realtor Will Doerlich speaks with client in front of home being sold\u003cbr/\u003e              18. Doerlich close-up\u003cbr/\u003e              19. Drive-by of neighborhood homes\u003cbr/\u003e              20. SOUNDBITE (English) William Doerlich, realtor (script below)\u003cbr/\u003e              ASSOCIATED PRESS - AP CLIENTS ONLY\u003cbr/\u003e              Washington - 19 December 2017\u003cbr/\u003e              21. Senate Majority Leader Mitch McConnell speaks at bill signing ceremony\u003cbr/\u003e              ASSOCIATED PRESS - AP CLIENTS ONLY\u003cbr/\u003e              Chicago - 19 December 2017\u003cbr/\u003e              22. SOUNDBITE (English), Gregory Winters, tax attorney, Burke, Warren, MacKay \u0026 Serritella  (script below)\u003cbr/\u003e              ++PARTLY COVERED BY VIDEO++\u003cbr/\u003e              ASSOCIATED PRESS - AP CLIENTS ONLY\u003cbr/\u003e              Dublin, California - 20 December 2017\u003cbr/\u003e              23. Will Doerlich and client look at living room from upstairs\u003cbr/\u003e              24. Doerlich and client talk in kitchen\u003cbr/\u003e              25. Doerlich and client stand in front of home being sold\u003cbr/\u003e              STORYLINE:\u003cbr/\u003e              FOR TRACY SULLIVAN RUSS AND HER FAMILY, THERE'S A LOT TO LIKE IN THE REPUBLICAN TAX PLAN.\u003cbr/\u003e              WITH THREE KIDS, THE RUSS FAMILY WILL GET A BIG BOOST FROM THE DOUBLING OF THE CHILD TAX CREDIT TO $2,000 PER KID. AND THEY'LL BENEFIT FROM THE LOWER BUSINESS TAX RATE.\u003cbr/\u003e              SOUNDBITE (English) Tracy Sullivan Russ, small business owner\u003cbr/\u003e              \"As a small business family, we are going to literally have more money in our pocket that we are going to be able to invest in our company. We are going to be able to put more food on our table.\"\u003cbr/\u003e              CONGRESS APPROVED THE TAX OVERHAUL THIS WEEK - DESPITE FIERCE OPPOSITION FROM DEMOCRATS WHO SAY IT MAINLY HELPS CORPORATIONS AND THE WEALTHY WHILE INCREASING THE FEDERAL DEFICIT. \u003cbr/\u003e              SOUNDBITE (English) Rep. Nancy Pelosi, House Minority Leader\u003cbr/\u003e              \"Because we have on the floor, probably the worst bill in recent times.\"\u003cbr/\u003e              BESIDES REDUCING THE CORPORATE TAX RATE, THE LEGISLATION LOWERS INDIVIDUAL TAX RATES ACROSS ALL INCOME LEVELS, SO MOST TAXPAYERS WILL PAY LESS. \u003cbr/\u003e              THE BILL ROUGHLY DOUBLES THE STANDARD DEDUCTION TO $12,000 FOR INDIVIDUALS AND $24,000 FOR COUPLES. BUT IT ELIMINATES PERSONAL EXEMPTIONS - AND CAPS OR SCRAPS MANY POPULAR DEDUCTIONS THAT SHIELD INCOME FROM TAX.\u003cbr/\u003e              SOUNDBITE (English), Gregory Winters, tax attorney, Burke, Warren, MacKay \u0026 Serritella \u003cbr/\u003e              \"Individuals living in high-tax states such as New York and California will see the biggest changes to their itemized deductions where they will only be able to deduct state income and real estate taxes up to a combined total of ten thousand dollars.\"\u003cbr/\u003e              THE LEGISLATION IMPOSES NEW LIMITS ON THE MORTGAGE INTEREST DEDUCTION, WHICH COULD WEAKEN THE INCENTIVE TO BUY A HOME IN PRICEY HOUSING MARKETS SUCH AS CALIFORNIA.\u003cbr/\u003e              BUT REALTOR WILL DOERLICH DOESN'T THINK IT WILL DAMPEN DEMAND IN THIS SAN FRANCISCO BAY AREA SUBURB, WHERE HOMES SELL FOR WELL OVER A MILLION DOLLARS. \u003cbr/\u003e              SOUNDBITE (English) William Doerlich, realtor\u003cbr/\u003e              \"The housing market itself is still strong, the job market is still strong, interest rates are still low and demand outstrips supply by a large percentage.\"\u003cbr/\u003e              THE TAX BILL'S BACKERS HOPE STRONG ECONOMIC GROWTH WILL HELP WIN OVER VOTERS, BUT ...\u003cbr/\u003e              SOUNDBITE (English), Gregory Winters, tax attorney, Burke, Warren, MacKay \u0026 Serritella \u003cbr/\u003e              \"If there is not significant growth in the economy, then this legislation would increase the debt and the deficit going forward.\"\u003cbr/\u003e              A DEBATE THAT WILL PLAY OUT IN COMING YEARS AS VOTERS SEE HOW THE TAX OVERHAUL AFFECTS THE ECONOMY -- AND THEIR WALLETS.\u003cbr/\u003e              TERRY CHEA, ASSOCIATED PRESS\u003cbr/\u003e              ===========================================================\u003cbr/\u003e              Clients are reminded: \u003cbr/\u003e              (i) to check the terms of their licence agreements for use of content outside 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