Republican Tax Plan Seeks Big Cuts, Retention of Popular Deductions 1 234 567

Republican Tax Plan Seeks Big Cuts, Retention of Popular Deductions

voanews.com

A blueprint of a Republican tax overhaul plan proposes tax cuts to wealthy Americans, businesses and the middle class while protecting deductions such as those for mortgage interest and charitable contributions.

The sweeping plan was unveiled Wednesday, the beginning of negotiations to revamp the U.S. tax code. It lacks critical details about the many tax breaks the White House and Republican congressional leaders want to eliminate to offset some of the trillions of dollars in revenue...

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