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| Ron Lieber Answers Your Questions About the Republican Tax Bill | Ron Lieber Answers Your Questions About the Republican Tax Bill |
| (1 day later) | |
| The Reader Center is one way we in the newsroom are trying to connect with you, by highlighting your perspectives and experiences and offering insight into how we work. | The Reader Center is one way we in the newsroom are trying to connect with you, by highlighting your perspectives and experiences and offering insight into how we work. |
| The House and Senate on Tuesday and early Wednesday approved a sweeping $1.5 trillion Republican tax bill that is expected to be signed into law by President Trump before Christmas. | |
| Republicans have moved swiftly to pass the tax overhaul, but not without controversy. Democrats have criticized the bill, saying it for gives gifts to corporations and wealthy Americans to the detriment of the federal debt. | Republicans have moved swiftly to pass the tax overhaul, but not without controversy. Democrats have criticized the bill, saying it for gives gifts to corporations and wealthy Americans to the detriment of the federal debt. |
| If the bill becomes law, it will be the first major legislative victory for Republicans and Mr. Trump. As approved by the House, the corporate tax rate would be cut to 21 percent, down from 35 percent — which Republicans believe could lead to economic growth. | If the bill becomes law, it will be the first major legislative victory for Republicans and Mr. Trump. As approved by the House, the corporate tax rate would be cut to 21 percent, down from 35 percent — which Republicans believe could lead to economic growth. |
| But what does this mean for individuals? On Dec. 20, Ron Lieber, The New York Times’s “Your Money” columnist, answered reader questions about the tax bill’s consequences on Facebook Live. Watch the video below: | But what does this mean for individuals? On Dec. 20, Ron Lieber, The New York Times’s “Your Money” columnist, answered reader questions about the tax bill’s consequences on Facebook Live. Watch the video below: |