House Republicans put out long-awaited legislation that would slash the corporate tax rate and repeal inheritance taxes of multimillion-dollar estates

Donald Trump’s push for deep tax cuts reached a milestone on Thursday as his fellow Republicans in the House of Representatives unveiled a long-awaited plan which would benefit corporations and the wealthy but is less generous to the middle class.

The legislation would permanently lower the corporate tax rate to 20% from 35% and repeals the inheritance tax on multimillion-dollar estates in what would be the most sweeping change to the United States tax code in three decades.

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