Economy
November 3, 2017
Tax Proposal Leaves Many Questions Unanswered
Written by Tim Triplett
House Republicans released details of their vision for tax reform on Thursday, raising many questions in constituents’ minds, the primary one being: What does this mean for us?
The headline provisions of the bill—which its sponsors contend would simplify the tax code, provide tax relief to the middle class and spur economic growth—include cutting the corporate tax rate to 20 percent from 35 percent and reducing the number of individual income-tax brackets from seven to four. But the devil is surely in the details.
