| | The Republican-dominated House passed a sweeping overhaul of the tax code Thursday that cuts the top corporate rate dramatically and gives individuals and families lower rates while taking away deductions and credits. The vote was a victory for House Speaker Paul Ryan, who predicted a tax bill would pass before Thanksgiving and needed to show his party could deliver on a major campaign promise. But House passage is only the first step in what could be a difficult process, and the final bill could look different. A tax plan being considered in the Senate has different tax rates, business rules and phase-outs. Senate Republicans can afford to lose just three votes if all the Democrats vote against it, and already Sen. Ron Johnson, R-Wis., said he won't vote for the current plan.
| FOR MORE ON THIS STORY, GO TO: |
|
| |
| | You are currently subscribed to this newsletter with the address:
[email protected].
To UNSUBSCRIBE please click here. | |
| | Manage Subscriptions | Help | Advertise | Home Delivery | Privacy Policy - Your California Privacy Rights | |
| | © 2017 USA TODAY, a division of Gannett Satellite Information Network, LLC.
7950 Jones Branch Drive, McLean, VA 22108
| |
