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Im carl quintanilla. First up, the new push for tax reform details public for gop framework. Among the highlights reducing seven brackets down to three, doubling standard deduction, cutting Corporate Tax rate we have Team Coverage from Nations Capital y lan, well start with you. Here it is, corporate rate down 20 , businesses 25 rate. The plan also allows for at least five years of full and immediate expensing. One of the tradeoffs, the ability to deduct interest will be partially limited theres no more detail what that means. The plan has two businesses, r d tax credit and low Income Housing credit reduction for Domestic Production important for manufacturers and get the axe. Under this framework u. S. Would move to territorial tax system two rates for money thats brought back the plan doesnt specify what those rates will be. The one for illiquid assets for cash on the individual side streamline would be 12, 25 and 35 . Lawmakers do have a green light to add a fourth rate at the top.

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