Republicans have a final deal on their tax bill — here’s what’s in it
|12/13/2017||Posted by BusinessMediaguide.Com under General World News||
- House and Senate Republicans have come to a preliminary final agreement on their compromise tax bill.
- The compromise bill would cut the corporate tax rate to 21% — instead of 20% in the original bills, but still much lower than the current 35% rate.
- The bill would also lower the top individual tax rate to 37% from the current 39.6%, a more generous cut than the Senate bill proposed originally.
Republican leaders on Wednesday reached an agreement on their final tax bill, and it could have major changes from the original bill.