INTERVIEW - STEVE MOORE - Heritage Foundation economist • Republicans reach deal on tax bill. Senate and House Republicans have struck an “agreement in principle” on a sweeping tax-cut bill that if passed would be the first major piece of legislation signed by President Trump. Senate Finance Committee Chairman Orrin Hatch (R-Utah) told reporters about noon Wednesday of the deal between Senate and House negotiators on taxes. • CNN: Here's what Republican negotiators as of Wednesday evening had in the plan: The corporate rate would be reduced to 21%, from 35%. That is an additional point added from the 20% originally proposed in the House and Senate versions. It would take effect in 2018. The top individual tax rate would be set at 37%, down from the 39.6% proposed in the House and 38.5% in the Senate. The State and Local Tax deduction will be expanded, beyond just property taxes, to include income tax. It would be capped at $10,000. The corporate alternative minimum tax
