Senate GOP tax bill would delay biz cut, undo deductions

By ANDREW TAYLOR and MARCY GORDON The Associated Press
This article was published November 10, 2017 at 4:00 a.m.

WASHINGTON -- Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but would ignore a House compromise on the hot-button issue of state and local tax deductions.

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