Saturday, December 16, 2017

Today's Headlines

  • GOP Charges to Tax-Cut Finish Line. Republicans rallied around their plan to couple a sweeping, permanent tax cut for U.S. corporations with temporary benefits for individuals as they completed a six-week sprint to fashion a rewrite of the U.S. tax code. GOP lawmakers posted their 503-page bill on Friday evening after gaining key votes from two Republican senators who’d threatened to oppose it. Now, with votes planned in the House and Senate by the middle of next week, President Donald Trump is closing in on his first major legislative victory. The bill -- hammered out behind closed doors by Republican leaders -- would slash the corporate tax rate to 21 percent, the lowest that rate has been since 1939. It would provide across-the-board tax cuts for most individuals, but then wipe them off the books by 2026. Whether to extend them would be up to a future Congress.
Wall Street Journal:
Zero Hedge:

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