House Tax Bill Has Major Changes for Businesses, Individuals

Photo by Drew Angerer/Getty Images.

By Anna Edgerton and Erik Wasson

House Republican leaders began rolling out a tax bill Thursday that contains sweeping changes for business and individual tax rates, including a measure to cut the corporate tax rate to 20 percent.

The bill would cap the mortgage-interest deduction on new home sales at $500,000 — a departure from the…

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