The Glasshouse Report

Sunday, November 12, 2017

Senate tax plan would delay corporate tax cut, protect mortgage interest deduction


By Washington Post., Nov. 09, 2017

Senate Republicans are forging their own path on the effort to overhaul the U.S. tax code, offering a plan Thursday that would delay an immediate corporate tax cut President Trump has demanded and blow up House Republicans’ carefully crafted compromise on a controversial tax deduction.

GOP Senate leaders unveiled a tax package that would delay cutting the corporate tax rate from 35 percent to 20 percent until 2019. That’s a major departure from Trump’s insistence on immediate tax cuts that he says are necessary to spur the economy.
Read More: https://www.washingtonpost.com

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