FYI: This week, the Republican Party is expected to release its tax-reform proposal, crafted both by Congress and the White House administration. It is known that the GOP will reduce tax revenues by slashing the corporate rate, probably from 35% to 20% (the White House sought 15% but seems to have compromised) and by lowering the top marginal income-tax rate from 39.6% to 35%. Unclear, however, is which current tax benefits will be eliminated to pay for these tax cuts.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=826832
