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Last Week

Another big step was made in advancement of tax reform, after House, Senate and White House leaders released yet more paperwork on this topic, though many specifics remain. The plan proposes three tax brackets, the highest set at 35 percent; that would be lowered from the existing highest rate of 39.6 percent. It would repeal the estate tax and the alternative minimum tax and lower the rate for pass-through businesses to 25 percent. An extended version of the framework can be found here, and a one-pager can be found here. more

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