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Tax Update: Tax Cuts and Jobs Act

Ways and Means Committee Chairman Kevin Brady offered his second amendment to the Tax Cuts and Jobs Act on November 9, 2017, before the House committee voted to advance the tax reform bill. The amendment refines several provisions in the Tax Cuts and Jobs Act. Also on November 9, Senate Republicans released their plan for overhauling the tax code, proposing a one-year delay in the cutting of the corporate tax rate, while maintaining popular tax breaks used by middle-class households.

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