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November 3, 2017

Republicans Unveil Tax Bill That Would Shower Billions upon Rich
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President Trump and Republicans in the House have unveiled a
long-promised proposal to reform America's tax code that experts say is
really more of a tax cut for the rich. The bill introduced Thursday
would permanently lower the corporate tax rate from 35 percent to 20
percent and also repeals the inheritance tax on multimillion-dollar
estates. An analysis by the Joint Committee on Taxation said the bill is
heavily weighted toward business, which would receive about two-thirds
of an estimated $1.5 trillion in cuts.


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