Ending Obamacare's Individual Mandate Would All but Kill an Already Compromised Law
The winds of change are in the air in Washington, and it has absolutely nothing to do with turkey dinners and pumpkin-spiced lattes. The long-awaited tax reform from Republicans, the current majority party of the legislative branch, is beginning to take shape.
In recent weeks, both House and Senate Republicans have released their versions of tax reform, with upcoming debates expected to yield a middle ground. At the center of these reforms is a cut to individual income tax rates, as well as a slashing in corporate income tax rates. The GOP believes that lowering corporate taxes should lead to higher employment and wages, as well as boost GDP via consumption. Of course, this is just one of dozens of changes highlighted in the GOP tax plan.
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Source: Fool.com
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