Senate bill to unwrap with tax cuts, end to local deduction
WASHINGTON (AP) " The Senate version of the Republicans' high-stakes tax overhaul is set to be unveiled with billions in tax cuts for people and corporations, repeal of the federal deduction for state and local taxes, and a likely compression of the personal income tax brackets from seven to four.The House measure, meanwhile, nears approval by the tax-writing committee after last-minute changes by its primary author.The legislation pulling the attention of lawmakers in both [...]
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