Senate Plan Includes Delay Of Corporate Tax Rate Cut Until 2019
- 7 years ago
On Thursday, Republicans in the US Senate unveiled a tax cut plan that would delay a reduction in the corporate tax rate and fully repeal the federal income tax deduction for state and local taxes until 2019. While the House tax-writing committee puts the finishing touches on its bill to provide the biggest U.S. tax-code overhaul in decades, Senate Republicans were set to announce their own differing plan later on Thursday.