Confirming the leaks that occurred in the last hours, Senate Republicans just released their proposal for the tax bill and it is notably different from the House bill.
Here are the most notable highlights (more details below):
Bloomberg details how the Senate proposal compares with the House version so far on some key areas, updated throughout the day:
Income Tax brackets
State and Local Tax Deductions
Home-Mortgage Interest Deduction
Medical Expense Deduction
Child Tax Credit
Corporate Tax Cut
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The question now is whether the Senate bill will pass the House, and while there are some grumblings about the corporate tax cut delay (which will force companies to minimize 2018 profits and boost them in 2019), there may be just enough support for it to pass.