Tax wonks have begun a deep dive into the GOP’s new bill, and the details on what the proposed overhaul means to you are beginning to emerge.
Lawmakers released the Tax Cuts and Jobs Act on Thursday. The legislation aims to simplify the tax code by slashing itemized deductions and cutting down the number of income tax brackets.
House Speaker Paul Ryan told ‘Fox News Sunday’ host Chris Wallace that he is confident the GOP tax plan will pass through the House and Senate by the end of the year.
CNBC Contributor James Pethokoukis joined Dan Proft and Kristen McQueary with reaction to the House GOP tax plan: