GOP tax plan filled with special interest provisions - CBS News

CBS News| Mon Dec 04 07:44:20 EST 2017
The Senate tax bill is stuffed with provisions for special interests. Car dealerships would be able to fully deduct interest on loans, thanks to Sen. Rand Paul, R-Kentucky. Meanwhile, an amendment by Sen. Ted Cruz, R-Texas, allows parents to pay for K-12 private school tuition using tax-free college savings accounts. Republican Sen. Rob Portman of Ohio, where big private jet companies are based, reportedly got them exempted from a levy known as a "ticket tax." Some of the biggest winners in the bill are "pass-through" businesses which pass the income through the owners who don't pay corporate taxes. Instead, they file that income on their individual tax returns, reports CBS News corresponden..

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