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Specialty Graphic Imaging Association

The Tax Cuts and Jobs Act: Changes in the Corporate Tax Rate and What You Need to Know


December 2017, both the US Senate and House of Representatives passed the most significant overhaul of the tax code in three decades. The $1.5 trillion “Tax Cuts and Jobs Act” makes cuts across the board on both corporate and individual tax rates. The bill, mostly Republican-supported, was vehemently opposed by Congressional Democrats, who claim the bill will only benefit the wealthy and will drive up the nation’s debt.

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