Tax plan passes – here are the details
Precious few details have been reported in the media regarding the new tax bill. One of the most significant change would be the corporate tax hike. The Senate would prefer to give the Dems the House apparently.
Corporate rate delay
One of the most significant sections of the bill is the massive tax cut for corporations. Both bills would take the top corporate tax rate from 35% to 20%. However, the Senate cut would happen in 2019, while the House bill would have the 20% rate kick in next year. From USA Today
Here is a tracker.
Source: https://bunkerville.wordpress.com/2017/12/02/tax-plan-passes-here-are-the-details/
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