Senate GOP tax bill would delay biz cut, undo deductions
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November 10, 2017
WASHINGTON (AP) — Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but would ignore a House compromise on the hot-button issue of state and local tax deductions.
On the other side of the Capitol, the House Ways and Means Committee approved its own version of the legislation on a pa...
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