Headline RoundupNovember 2nd, 2017
Tax Cuts and Jobs Act
AllSides Summary
House Republicans, seeking the biggest change in the U.S. tax code in more than 30 years, aim to reduce the corporate tax rate from 35% to 20%, compress the number of individual income tax brackets, and repeal the taxes paid by large estates starting in 2024.
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From the Center
Republicans Stick With Big Corporate Tax Cuts in House BillWall Street Journal (News)
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Wall Street Journal (News)
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The Tax Cuts and Jobs Act seeks the biggest transformation of tax code in more than 30 years; leaves top individual tax rate at 39.6%
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From the Right
Rep. Steve Scalise: Even those in high-tax states will see ‘a real tax cut’Washington Times
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Washington Times
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House Majority Whip Steve Scalise said Thursday those in high-tax states will also be better off under the Republican plan.
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From the Left
House Republicans set to (supposedly) roll out their slapped together plan to cut taxes for the richDaily Kos
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Daily Kos
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House Republicans are set to "definitely" roll out their plan to cut taxes for the wealthy on Thursday. This is after the definite roll out for Wednesday was delayed because they’re still fighting over the details of this plan that’s been slapped together behind closed doors.
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