Reuters: U.S.

Thursday, November 9, 2017

Breaking News: GOP tax bill clears hurdle, heads to House floor

 
 
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GOP tax bill clears hurdle, heads to House floor
The House Ways and Means Committee on Thursday approved House Republicans’ bill to rewrite the tax code, advancing one of the GOP’s top legislative priorities after four days of debate.

The measure — which reduces the number of individual tax rates, slashes the corporate tax rate and eliminates many deductions and credits — was approved on a party-line vote of 24-16.
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