The Republican Tax Plan: 30 Things You Need to Know
It took more than nine months since Donald Trump entered the Oval Office, but House Republicans finally unveiled their long-awaited tax plan, known officially as the Tax Cuts and Jobs Act, on Nov. 2, 2017. Expected to inspire contentious rounds of debate among Democrats, and perhaps within the Republican Party, the main thesis of the GOP tax plan is to simplify the tax code and lower tax rates for corporations, middle-income individuals, and families.
But like most tax plans it's wordy – 429 pages long to be exact. That's a novel most Americans aren't going to want to pick up. With this in mind, let's simplify things and get straight to the point. Here are the 30 things about the GOP tax plan that you need to know.
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Source: Fool.com