U.S. Republicans craft tax deal, final votes seen next week
(WorldNews Politics)

By David Morgan and Amanda Becker WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans. Under an agreement between the House of Representatives and the Senate, the corporate tax would be one percentage point higher than the 20-percent rate earlier proposed, but still far below the present headline rate of 35 percent, a deep tax reduction that corporations have sought for years. As they finalised the biggest tax overhaul in 30 years, Republicans wavered for weeks on whether to slash the top...