By CBS News, Nov. 04, 2017
House Republicans on Fri quietly made changes to their far-reaching taxation overhaul: Now its taxation cuts would move less generous for many Americans.
A twenty-four hours afterward the GOP unveiled its conception promising middle-class relief, the House's overstep tax-writer, Rep. Kevin Brady, R-Texas, released a revised version of the neb that would impose a new, lower-inflation "chained CPI" adjustment for taxation brackets instantly instead of inward 2023. That way to a greater extent than income would move taxed at higher rates over fourth dimension — together with less generous taxation cuts for individuals together with families.
A twenty-four hours afterward the GOP unveiled its conception promising middle-class relief, the House's overstep tax-writer, Rep. Kevin Brady, R-Texas, released a revised version of the neb that would impose a new, lower-inflation "chained CPI" adjustment for taxation brackets instantly instead of inward 2023. That way to a greater extent than income would move taxed at higher rates over fourth dimension — together with less generous taxation cuts for individuals together with families.
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