Senate Republicans released a tax reform plan on November 9, 2017. Like the House GOP bill - the "Tax Cuts and Jobs Act" (HR 1) - the Senate GOP plan would impact virtually every individual and business on a level not seen in over 30 years. As with any tax bill, however, there would be "winners" and "losers." Both the House GOP bill and Senate GOP plan call for lowering the individual and corporate tax rates, repealing countless tax credits and deductions, eliminating the alternative minimum tax (AMT), enhancing the child tax credit, boosting business expensing and more -
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