November 3rd Morning Rush: GOP propose tax overhaul bill

1. House Republican leaders are working to gain support for a possible vote this month on a tax overhaul bill. The plan would slash the number of individual tax brackets from seven to four, reduce the rate for median households making $60,000 per year from 15 percent to 12 percent and double the standard deduction. President Trump calls the plan “the biggest tax cuts in the history of our country.” The bill will need the backing of nearly every Republican in order to pass.
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