House, Senate reach deal on tax overhaul

House and Senate GOP leaders cut a deal Wednesday on a sweeping overhaul of the nation’s tax laws, paving the way for final votes next week to slash taxes for businesses and give many Americans modest tax cuts starting next year.

The agreement would set the top individual rate at 37 percent, down from today’s 39.6 percent, giving the wealthiest Americans a big break, sources told the AP.

via House, Senate reach deal on tax overhaul | New York Post.

Posted by at December 13, 2017
Filed in category: Law, News, Politics,

Comments are closed.