The Joint Committee on Taxation released a report Thursday comparing the House and Senate versions of the Tax Cuts and Jobs Act, highlighting differences that include where tax brackets begin, the standard deduction, maximum rate on business income of individuals and the child tax credit. 452 more words
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The tax bill making its way through Congress will more than likely get rid of the Affordable Care Act’s individual mandate.
As the House and Senate versions of the tax bill are reconciled, lawmakers are likely to agree on eliminating the requirement to purchase health insurance, Kevin Brady, who chairs the House Ways and Means Committee, said. 318 more words