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How The New GOP Tax Bill Impacts You If You Make $20,000 To $269,000 A Year

The House passed the final version of the Republican tax bill on Wednesday, capping off a furious seven-week push to bring about the most sweeping changes to the US tax code in decades.

The bill, known as the Tax Cuts and Jobs Act, is set to bring about widespread changes to the US tax code for both businesses and individual Americans.

The bill reduces the corporate tax rate to 21% from 35%, and most — but not all — Americans are likely to see a smaller tax bill. 

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