BREAKING: TAX REFORM PROPOSAL UNVEILED TODAY; DETAILS AT REDSTATE THIS AFTERNOON

[Draggingtree]

Patterico

9/27/2017

BREAKING: Tax Reform Proposal Unveiled Today; Details At RedState This Afternoon

Filed under: General — Patterico @ 7:30 am

It has been announced that the GOP’s tax reform plan will be unveiled this afternoon.    

[Geee]

Trump tax plan cuts corporate rates, nearly doubles standard deduction

 

The Republicans’ long-awaited tax framework would cut the top tax rate for the wealthy, drastically slash taxes for businesses and eliminate most itemized deductions, according to a copy obtained by The Hill.
President Trump is expected to promote the framework today at a rally in Indiana as Republicans seek a win after their bruising defeat in failing to repeal ObamaCare.
The new document provides information on tax rates and certain tax preferences but is vague in some areas, leaving most of the details up to the congressional tax-writing committees as they craft legislation. 
Republicans say they intend for a tax-code overhaul to simplify the tax code, provide tax relief for the middle class and make American businesses more competitive with those from other countries.