GOP tax bill: No changes to 401(k), doubles deductions for middle class, limits state and local tax

Fox News -

Fox News—House Republicans on Thursday unveiled their long-awaited tax bill which preserves the popular 401K retirement account, lowers rates for many individual households but trims deductions for state and local taxes.

Senator Warren: GOP tax bill a "double punch" to middle class. Senator Elizabeth Warren talks with Rachel Maddow about the consequences for the American middle class if the Republicans are able to pass their their tax/health care bill.