Republicans Stick With Big Corporate Tax Cuts in House Bill – WSJ

Republicans Stick With Big Corporate Tax Cuts in House Bill – WSJ

The Tax Cuts and Jobs Act, set to be released Thursday morning, would permanently chop the corporate tax rate from 35% to 20%, compress the number of individual income tax brackets, and repeal the taxes paid by large estates starting in 2024, according to a detailed summary of the plan reviewed by The Wall Street Journal. The plan would seek the biggest transformation of the U.S. tax code in more than 30 years.

Source: Republicans Stick With Big Corporate Tax Cuts in House Bill – WSJ

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