Republicans released their final tax bill Friday, the result of conference between the House and Senate. The final legislation proposes seven tax brackets for individual earners, with the top rate capped at 37 percent, down from 39.6 percent. The corporate tax rate is lowered to 21 percent from 35 percent. Dubbed the Tax Cuts and Jobs Act, the bill overall includes $1.5 trillion in tax cuts.
Gop Releases Final Tax Bill, Capping Top Rate At 37 Percent
The Week - Business, The Week: Business
Fri, 12/15/2017 - 3:45pm
Topics: yes dubbed tax cuts jobs act california northeast sen marco rubio r-fla tennessee sen bob corker r president trump christmas critics the wall street journal summary gop house alex moe alexnbcnews december house senate rubio percent top rate final tax bill republicans friday conference child credit
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