The GOP's 3 Priorities for Tax Reform

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The GOP's 3 Priorities for Tax Reform
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The framework from House Speaker Paul Ryan, Senate Majority Leader Mitch McConnell, and other GOP leaders calls for roughly doubling taxpayers' standard deduction (an individual's first $12,000 of income would become tax free, and the first $24,000 for married couples), and condensing the current seven tax brackets to three.

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