The Presidential Daily Brief

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    GOP Unveils Sweeping Tax Reform Plan

    It’s been a long time coming. House Republicans have revealed their plan for the most comprehensive tax reform in decades with the Tax Cuts and Jobs Act. It would slash corporate tax to 20 percent — a move analysts say would disproportionately benefit wealthy Americans — and would consolidate family and individual tax brackets. GOP lawmakers hope their bill, which faces a major political battle as Democrats are expected to fight the deletion of popular tax credits, will prove the party is capable of getting things done ahead of 2018 midterm elections.

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