Gop Tax Plan Trims Top Rate For Wealthy, Cuts Corporate Rate

By STEPHEN OHLEMACHER and MARCY GORDON, Associated Press, San Francisco Chronicle: Politics
Wed, 12/13/2017 - 2:45am

WASHINGTON (AP) — A massive Republican tax package swiftly taking shape would pull down the top tax rate for wealthy Americans to 37 percent and slash the tax rate for corporations to a level slightly above what businesses and conservatives wanted. Republicans in Congress rushed Tuesday toward a deal. Lawmakers and aides labored at a fevered pace to blend separate tax bills that were passed recently by the House and Senate.

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