Republicans reached a tax compromise. They will proclaim a huge political victory even though most Americans appear to be against the plan.
House and Senate Republican leaders have reached an agreement in principle that would lower the corporate tax rate to 21 percent beginning in 2018, several people briefed on the plan said, a central component of the $1.5 trillion tax plan they hope to vote into law by next week.
The agreement would also lower the top tax rate for families and individuals from 39.6 percent to at least 37 percent, a change that would deliver a major tax cut for upper-income households. From The Washington Post
Only time will tell how this political tax plan will impact all of us.