GOP Is Poised to Pass Sweeping Tax Overhaul - News Summed Up

GOP Is Poised to Pass Sweeping Tax Overhaul


WASHINGTON—Republicans stood on the verge of delivering the most significant changes to the U.S. tax code in more than three decades, after a series of last-minute deals appeared to remove the last big obstacles to passage next week. The plan would deliver $1.5 trillion in tax cuts over a decade and reorder large chunks of the U.S. economy. The GOP, ending a year in full control of the Congress and White House, is delivering lower tax rates for individuals, business owners and corporations. However, those individual cuts would...


Source: Wall Street Journal December 15, 2017 22:21 UTC



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