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Senate Republicans Unveil Competing Plan to Overhaul U.S. Tax Code

HeadlineNov 10, 2017

In news from Washington, D.C., Senate Republicans have unveiled a competing plan for overhauling the tax code, as Republican lawmakers scramble to push through Trump’s proposed tax plan. The Senate version is different from the House version in several ways, including proposing to delay the dramatic cuts to the corporate tax rate by a year. President Trump has made the tax overhaul a top legislative priority. His plan would shower billions of dollars in tax cuts upon the wealthiest Americans—including President Trump’s family and members of his administration.

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