Published in the July 2018 issue of Washington Update
Having secured middle-class tax relief and reducing the corporate rate from 35 percent to 21 percent, Republican leaders have indicated they may attempt a smaller, second round of tax reforms this fall. Among the discussion items are further lowering the corporate rate to 20 percent, additional middle class tax relief and making permanent some of the 2017 tax cuts for both individuals and those business owners that pay taxes on the individual side, which are currently set to expire in 2025.
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