House GOP Tax Plan Sticks With Big Corporate Cuts

House GOP Tax Plan Sticks With Big Corporate Cuts

The unveiling of GOP tax reform effort made big news Wednesday by being the biggest change in our tax code in more than 30 years.  There are a few massive changes being made to our tax code, here are some major points.  The corporate tax rate is going to be reduced from 35% to 20%. This bill is also going to compresses the tax brackets into four brackets instead of seven, and there will be a repeal of the estate tax. Conservatives are going to stick to their guns with very thin margins for error in the House and Senate. It will be interesting to see where compromises are made and how this bill will alter in the coming weeks.

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