Republicans in Congress reach deal on tax plan to slash corporate rate by 21%
(The Guardian United States)

Deal clears the way for final votes next week on a package that would slash taxes for wealthy Americans and lower the tax rate for corporationsRepublicans in Congress reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash taxes for wealthy Americans and lower the tax rate for corporations.Under an agreement between the House of Representatives and the Senate, the tax plan would reduce the corporate tax rate by 21%, one percentage point higher than the 20% rate earlier bills had proposed. It would still mark a dramatic fall from the current rate of 35%, a deep tax reduction that corporations have sought for years. Continue reading...