Isn’t that the standard deduction?
Excerpt:
“The framework simplifies the tax code and provides tax relief by roughly doubling the standard deduction to:
$24,000 for married taxpayers filing jointly, and $12,000 for single filers.”
No it's in addition to that. The $4050 per person personal exemption, not the current $6500 standard exemption.
No! Standard deduction is Married, Head of Household, Single. Personal deductions are for You, Spouse, and a deduction for each child you have that is dependent on you.