Republican Plan Delivers Permanent Corporate Tax Cut

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- WASHINGTON Republican lawmakers unveiled a sweeping rewrite of the tax code on Thursday, outlining a $1.5 trillion plan that will deliver a significant tax cut for corporations and more modest savings for middle-clfamilies while tilting the United States closer, but not entirely, toward the kind of tax . - President Donald Trump and Republicans promised a tax bill by Christmas, and on that front they have delivered. On Friday, Donald Trump signed the Tax Cuts and Jobs Act into law, a $1.5 trillion proposal that gives corporations a m.ive permanent tax break, temporarily cuts rates for individuals, and .WASHINGTON Republican lawmakers unveiled a sweeping rewrite of the tax code on Thursday, outlining a $1.51 trillion plan that will deliver a significant tax cut for corporations and more modest savings for middle-clfamilies while tilting the United States closer, but not entirely, toward the kind of tax system long . - Tax Act of 1981. 2012 compromise to. make Bush cuts permanent. American Recovery and. Reinvestment Act of 2009. Jobs and Growth Tax. Relief Act of The bill delivers a steep tax cut to corporations from a 35 percent rate to 21 percent and brings down most individuals ' tax rates as well. In the .

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