House GOP quietly revises tax bill to tax income at higher rates

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House GOP quietly revises tax bill to tax income at higher rates
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A day after the GOP unveiled its plan promising middle-class relief, the House's top tax-writer, Rep. Kevin Brady, R-Texas, released a revised version of the bill that would impose a new, lower-inflation "chained CPI" adjustment for tax brackets immediately instead of in 2023. That means more income would be taxed at higher rates over time -- and less generous tax cuts for individuals and families.

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