House and Senate negotiators agreed on the framework of the GOP tax bill this morning. We know some things about it. The bill will lower the corporate income tax rate to 21 percent. It will let people deduct some state and local taxes. It will lower the top individual income tax rate. President Donald Trump […]
Some Capitol Hill lawmakers say a rushed tax bill is not such a big deal, because a technical corrections bill can happen early next year. But given the uncertain nature of today’s politics, that could be harder or take longer than expected. Click the audio player above to hear the full story.
Advocates for affordable housing worry that the elimination of an incentive program for developers in the House version of the tax bill could result in less low-income housing built in the future.
There are major differences between the Senate and House versions of the GOP tax plan. And while corporate America writ large appears to be the big winner in both versions, not all corporations are treated equally. Here’s a look at which industries come out on top and which do not. Click the audio player above […]
